Question: I need assistance constructing this question in Excel. You are a project manager for a current project that you are managing for a small firm.
I need assistance constructing this question in Excel.
"You are a project manager for a current project that you are managing for a small firm. You have received three possible solutions from three different vendors. This project has two constraintscost and schedule. Management has determined that a cost of $15,000 or less would be good but up to $20,000 is acceptable. Management also has determined that a completion time of 180 days or less would be good but up to 240 days would be acceptable. The business user team has determined that there are five business requirements that they would like to see with the final product.
The firm utilizes a numbering system between 1 and 5 to determine if the vendor's proposal satisfies the constraints and requirements. For constraints, the firm usually rates proposals that meet the good criteria with the number 5, proposals that meet acceptable with the number 3, and those that do not meet the criteria limits would be rated with the number of 1. Regarding requirements, if the proposal fully satisfies the requirement, then it would be rated with the number 5. If the proposal satisfies at least 60% of the requirement, then it would be rated with the number 3. All other proposals that do not satisfy at least 60% of the requirement would be rated with the number 1."
Furthermore, the importance of the constraints and requirements based on a 100% scale are as follows.
- Cost Constraint is 20%.
- Schedule Constraint is 10%.
- Requirement 1 is 20%.
- Requirements 2 and 3 are 15% each.
- Requirements 4 and 5 are 10% each.
Your job as a project manager is to review the proposals below and determine which vendor's proposals will be awarded the contract for the project based on a weighted average approach.
Project Proposals | |||
Vendor A | Vendor B | Vendor C | |
Constraint Cost | $20,750.00 | $19,500.00 | $14,950.00 |
Schedule | 160 days | 200 days | 250 days |
Requirement 1 | Fully Meets | Fully Meets | 75% Meets |
Requirement 2 | 75% Meets | 50% Meets | Fully Meets |
Requirement 3 | Fully Meets | Fully Meets | Fully Meets |
Requirement 4 | Fully Meets | Fully Meets | 50% Meets |
Requirement 5 | 75% Meets | 75% Meets | 75% Meets |
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