Instructions: You are the project manager for a software and networking company. The company has identified three potential new application development projects. Once developed, these applications will have to be installed and shared over a multi-domain network. The applications will also require a website design of their own for user support purposes. You are asked to evaluate the three projects and select one. 1. Study the project evaluation and selection form below: PROJECT EVALUATION AND SELECTION Evaluation criteria PROJECT A PROJECT B PROJECT C Investment R950 000 R1 200 000 R1 220 000 11.5% Return on investment 9.1% 18.3% Time to market 10 months 16 months 12 months Increase in market share 2% 5% 3% Risk Low Medium High Medium Chance of success High High Comments Major competitor already has similar product and may reduce price. New technology may not work as expected. Product features may not be accepted in some international markets. 2. Apply what you have learned about project identification and selection, compare and evaluate the three projects against the evaluation criteria and select the most viable project of the three. 3. Click the link above the red arrow to open the Discussion tool. 4. In a new thread: a. Indicate which project you would select, in the Subject-field; b. Motivate why you would select this specific project; c. Briefly describe how the PMBOK approach can be applied to managethe project; d. Briefly describe how the agile approach can be applied to manage the project. 5. Read and reply to the post of at least one student preferably one that did not select the same project as you. a. Motivate why you agree/ disagree with their selection; b. To what extent do you agree with their descriptions of how the PMBOK and agile approaches can be applied to the particular project? Instructions: You are the project manager for a software and networking company. The company has identified three potential new application development projects. Once developed, these applications will have to be installed and shared over a multi-domain network. The applications will also require a website design of their own for user support purposes. You are asked to evaluate the three projects and select one. 1. Study the project evaluation and selection form below: PROJECT EVALUATION AND SELECTION Evaluation criteria PROJECT A PROJECT B PROJECT C Investment R950 000 R1 200 000 R1 220 000 11.5% Return on investment 9.1% 18.3% Time to market 10 months 16 months 12 months Increase in market share 2% 5% 3% Risk Low Medium High Medium Chance of success High High Comments Major competitor already has similar product and may reduce price. New technology may not work as expected. Product features may not be accepted in some international markets. 2. Apply what you have learned about project identification and selection, compare and evaluate the three projects against the evaluation criteria and select the most viable project of the three. 3. Click the link above the red arrow to open the Discussion tool. 4. In a new thread: a. Indicate which project you would select, in the Subject-field; b. Motivate why you would select this specific project; c. Briefly describe how the PMBOK approach can be applied to managethe project; d. Briefly describe how the agile approach can be applied to manage the project. 5. Read and reply to the post of at least one student preferably one that did not select the same project as you. a. Motivate why you agree/ disagree with their selection; b. To what extent do you agree with their descriptions of how the PMBOK and agile approaches can be applied to the particular project