The Six Sigma team has a specific focus on supporting management in choosing projects by developing a Grid matrix that evaluates and ranks a list of projects based on a set of weighted criteria.

To initiate this process, the team identifies a list of criteria and assigns weights to each one. Subsequently, the team evaluates every project against these criteria.

The criteria they identified are:

Degree of Strategic Alignment

Risk and Uncertainty

Potential for Long$-$Term Benefits

Complexity of the Project

Resources required $($e$.$g$.,$ financial, HR$)$

Positive customer impact

The Six Sigma team held a meeting with the management to discuss the importance of the selected criteria. The management's feedback indicated a strong emphasis on prioritizing long$-$term benefits and the positive customer impact. The strategic alignment of the project with the organization goals and the necessary resources required for its implementation were given moderate consideration. However, risk and complexity of the project did not appear to be of great importance to the management.

Note that the level of importance score for the selected criteria is on a scale of $1$ to $3.$ A score of $3$ indicates that the criterion is of utmost importance, while a score of $1$ signifies that it is generally unimportant. A score of $2$ denotes that the criterion is of moderate importance.

After conducting a feasibility and profitability study, the team determined that the likelihood of success for the first and second projects did not exceed $85\%.$ Despite incurring costs of $15,000KD$ and $22,000KD,$ respectively, these projects were only projected to yield savings of $165,000KD$ and $180,000KD.$ The estimated completion times for the first and second projects were three and two months, respectively.

On the other hand, the third project had an $90\%$ chance of success, and its estimated completion time was two months. Following their analysis, the team concluded that the third project was the most viable option. It was estimated to yield savings of $220,000KD$ while costing $28,000KD$

Complete the table below. $(21$ points$)$ Project Total Score

Project $23$

$4$

$3$

Project $3,3$

$3$

$1$

$3$

Select the best candidate$($s$).(2$ points$)$

Based on your answer to the previous question and the information gathered by the Six Sigma team, select ONLY ONE project. $(9$ points$)$

Your Selected project is $(2$ points$)$:

YOU MUST SHOW YOUR DETAILED ANSWER IN THE BOX BELOW $(7$ points$)$