Question: For this exercise, you need to assess a project selection matrix in a case described below. Make sure you study the Numeric Models: Scoring section
For this exercise, you need to assess a project selection matrix in a case described below. Make sure you study the "Numeric Models: Scoring" section (Table B and Figure A, in particular) in Chapter 2 of the textbook before trying to solve the problem. Use a weighted score model to choose between three projects (A, B, C) for updating an important internal process. The relative weights for each criterion are shown in the following table as are the scores for each project on each criterion. A score of 1 represents unfavorable, 2 satisfactory, and 3 favorable.
Your matrix should be included in an appendix after the references page. Describe what a weighted score matrix is, how it is used, and how you reached the conclusions you did.
| Project | ||||
|---|---|---|---|---|
| Category | Weight | A | B | C |
| Cost | 20 | 1 | 2 | 3 |
| Risk | 20 | 2 | 3 | 1 |
| Opportunity | 10 | 2 | 1 | 3 |
| Profitability | 10 | 3 | 3 | 2 |
| Sustainability | 10 | 2 | 1 | 1 |
| Safety | 25 | 1 | 2 | 3 |
| Competitiveness | 10 | 2 | 2 | 2 |
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