Question: Use the weighted scoring model we learned in the classroom (chapter 2) to prioritize your projects and select the top winning project. You must apply

Use the weighted scoring model we learned in the classroom (chapter 2) to prioritize your projects and select the top winning project. You must apply the following steps:

1. Define your projects (same as assignment 1, but you may further define/refine your projects).

2. Define Evaluation Criteria/Groups. You must select different groups of criteria (i.e. Financial, Strategic, Customer-related, Schedule-related, etc.), and under each group define 1-3 different criteria.

3. Assign weights for each of the groups/criteria from step 2. You must explain and justify the weights for each criterion/group, and your total weights for all criteria should be 100%.

4. Evaluate your projects against the criteria and score each one (raw score), making sure to use critical thinking in your scores. (scores should be 1 to 10, 1 being low, 10 being high, and 5 being medium, etc.). You must explain the scoring process/scores.

5. Calculate weighted scores (raw score * criterion weight).

6. Describe your winning project and why/how it was selected.

7. The above should be done in Excel see sample assignments

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!