he Quantum Leap Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration. 1. Using the scoring matrix below, which project would you rate highest? Lowest? 2. If the weight for "Strong Sponsor'. is changed from 2.0 to 5.0. will the project selection change? what are the three highest weighted project scores with this new weight? 3. Why is it important that the weights mirror critical strategic factors? 4. Two new software projects are proposed to a young, start-up cornpany. The Alpha project vvill cost $150.000 to develop and is expect. to have annual net cash flow of $40,000. The Beta project will cost $200,000 to develop and is expected to have annual net cash flow of S50,000. The company is ve, concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? a. Assume that the rate of inflation is 644, use the Net Present Value (NM, aPProach to calculate PaYback Pen!. for both Prole.. Wt. P'oiect would you now recommend? Why? b. in yo, estimation, which approach to calculating payback period is better? Explain your response. giving the pros aria cons of ea, J.,cac,. Criteria Strong Sponsor tpdrgrty Business Urgency Sale From new Competition i ill Maiket Weighted Total Weighted total Products Gap (a)
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The Quantum Leap Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration. 1. Using the scoring matrix below, which project would you rate highest?
Lowest?
2. If the weight for "Strong Sponsor'. is changed from 2.0 to 5.0. will the project selection change? what are the three highest weighted project scores with this new weight?
3. Why is it important that the weights mirror critical strategic factors?
4. Two new software projects are proposed to a young, start-up cornpany. The Alpha project vvill cost $150.000 to develop and is expect. to have annual net cash flow of $40,000. The Beta project will cost $200,000 to develop and is expected to have annual net cash flow of S50,000. The company is ve, concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? a. Assume that the rate of inflation is 644, use the
b. in yo, estimation, which approach to calculating payback period is better? Explain your response. giving the pros aria cons of ea, J.,cac,.
Criteria Strong Sponsor
tpdrgrty Business Urgency Sale From new Competition i ill Maiket Weighted Total Weighted total Products Gap (a)
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