Question: Create a weighted scoring model to determine which project to select. Assume the criteria are Cost, Customer Support, Meets Schedule, Risk, and Customizable with weights
Create a weighted scoring model to determine which project to select. Assume the criteria are Cost, Customer Support, Meets Schedule, Risk, and Customizable with weights of 10%, 45%, 20%, 10%, 15% respectively.
Assume you have collected the following data for three projects. Each project data was out of a 100
Project 1: Cost-80, Customer Support - 90, Meets Schedule - 50, Risk - 60, Customizable - 30
Project 2: Cost-70, Customer Support - 75, Meets Schedule - 45, Risk - 70,Customizable - 80
Project 3: Cost-80, Customer Support - 90, Meets Schedule - 50, Risk - 80,Customizable - 30
Create a weighted scoring model by calculating the weighted score for each criteria of each project.
a) For each project show scores for all criteria and final totals.
b) Which project would you select, why?
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