Question: Your company has a two - step process for assessing projects. The first gate requires all projects to be profitable and feasible, given your resources

Your company has a two-step process for assessing projects. The first gate requires all projects to be
profitable and feasible, given your resources and expertise. The second step is a weighted scoring model,
based on a 10-point scoring rubric. After evaluation of the financial benefit and feasibility, six projects
currently remain under consideration. Each project will be evaluated on the following criteria: ROI (4
points), strategic fit (3 points), resource availability (1 point), innovation (1 point), and ability to manage risk
(2 points).
The first project has the following scores: ROI=6, strategic fit=7, resource availability=4,
innovation=4 and risk=7.
The second project has the following scores: ROI=4, strategic fit=8, resource availability=3,
innovation=3 and risk=9.
The third project has the following scores: ROI=7, strategic fit=8, resource availability=3,
innovation=6 and risk=3.
The fourth project has the following scores: ROI=9, strategic fit=3, resource availability=4,
innovation=8 and risk=2.
The fifth project has the following scores: ROI=4 strategic fit=6, resource availability=1, innovation=7
and risk=5.
The sixth project has the following scores: ROI=8, strategic fit=7, resource availability=3,
innovation=9 and risk=1.
a) Build a decision matrix (5 marks)

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 General Management Questions!