it project management

Task 4: Project selection (30 marks) You are required to perform some analysis to help identify the order in which the projects will be undertaken from the available four projects. 4.1 Use the information below to create a table that must show the weighted score and priority for each project. (7 marks) The factors that impact the success of a project include (a) the availability of at least 4 senior software engineers with local development experiences) (20%); (b) a senior product manager (on-site customer) (35%); c) interest from sales & marketing team (20%); (d) availability of an agile tester (10%); and (e) a clear product backlog (15%). Table below provides the scores based on these factors for each project. a b d e 90 60 85 Project / Criteria Project 1 Project 2 Project 3 Project 4 65 75 85 70 75 75 65 70 90 80 70 75 70 80 50 70 95 4.2 Explain the order in which these 4 project should be undertaken. (3 marks) 4.3 Based on the information provided below, perform a quantitative risk analysis using a decision tree diagram to calculate expected monetary value (EMV) and contingencey reserve for each project. (10 marks) Expected monetary value (EMV) Contingencey reserve Risks Project Chance of Outcome 40% 60% Project 1 Risk 1 Risk 2 Risk 1 Risk 2 Project 2 Risk 3 Estimated Impact $ 120,000 -$ 90,000 $ 130,000 $ 100,000 -$ 110,000 $ 90,000 $ 55,000 -$ 40,000 $ 70,000 $ 90,000 -$ 100,000 Project 3 20% 45% 35% 20% 55% 25% 45% 40% 15% Risk 1 Risk 2 Risk 3 Risk 1 Risk 2 Risk 3 Project 4 4.4 Explain the contingency reserve for each project (10 marks)