QUESTION $3$

The scoring models used by two transport project managers, Len and Lerato, selecting suitable

transport projects, vary from being very basic to very complex. Consider the five scenarios $(3\mathrm{.}1-$

$3\mathrm{.}5)$ regarding project selection models and answer in each case the following two questions $($a

& b$).$

a$)$ Identify the relevant scoring model suitable for project selection.

b$)$ Classify the identified model as a numeric or non$-$numeric model.

Scenarios:

$3\mathrm{.}1$ Len and Lerato can use this method when benefits of projects considered need to be

evaluated. It is therefore used when more than one project seems attractive to perform but

decisions must be made to select the one or two that would most benefit the organisation.

$3\mathrm{.}2.$ Len and Lerato can use this method for judging a new project to develop and distribute new

products on the degree to which it fits the organisation's existing product line, fills a gap,

strengthens a weak line, or extends the line in a new desirable direction.

$3\mathrm{.}3$ Len and Lerato can use this method as it focuses on the value of the interest rate when

selecting a project and determines the interest rate required to make the present value of

the cash flows in the project equal to zero.

$3\mathrm{.}4$ Len and Lerato can use this method when a project is perceived to be holy in the sense that

it has the personal support of part or all of top management and will be maintained until

successfully concluded.

$3\mathrm{.}5$ Len and Lerato can use this method if the project is required in order to keep the system

operating, as long as the cost of the project is worth saving the system.

Clearly structure your answer using the following table template to answer the question.

QUESTION $4$

Consider the following information to calculate the relevant values needed to answer the following

questions based on a network diagram for project XYZ$.$ Only answer the questions.