Custom Bike Company has created a weighted scoring matrix to evaluate potential projects. Below are five projects
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Custom Bike Company has created a weighted scoring matrix to evaluate potential projects. Below are five projects under consideration.
criteria | Strong sponsor | Supports business strategy | Urgency | 10% of sales from new products | Competition | Fill the market gap |
Weight | 2 | 2 | 2 | 2 | 3 | 1 |
1. Project | 4 | 8 | 0 | 7 | 6 | 0 |
Project 2 | 4 | 9 | 6 | 8 | 8 | 1 |
Project 3 | 3 | 10 | 5 | 7 | 1 | 2 |
Project 4 | 5 | 10 | 2 | 7 | 0 | 2 |
Project 5 | 10 | 9 | 5 | 7 | 1 | 10 |
1. Using the scoring matrix above, how many points would you give each project?
2. Which project would you choose first?
3. If the weight of “Strong Sponsor” increases from 2 to 5, how many points would you give each project?
4. Now which project would you choose first?
5. Why is it important for weights to reflect critical strategic factors?
Related Book For
Project management the managerial process
ISBN: 978-0073403342
5th edition
Authors: Eric W Larson, Clifford F. Gray
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