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Payoff potential Level of risk • Safety Cost

Payoff potential Level of risk • Safety Cost

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Construct a project checklist model for screening these four alternatives and which is the best and worst choice for selection? 

4. (a) You are part of a team required to consider the information below to choose among four project alternatives below (labeled A, B, C, and D). Each has been assessed according to four criteria: • Payoff potential ● Level of risk ● Safety ● Cost Project A is rated: Payoff potential Level of risk Safety high medium Cost of project Project B is rated: Safety Payoff potential Level of risk Cost of project Project C is rated: Safety Payoff potential Level of risk Cost of project Project D is rated: Safety Payoff potential Level of risk Cost of project high low low medium medium medium high high medium medium low low medium medium
Transcribed Image Text:4. (a) You are part of a team required to consider the information below to choose among four project alternatives below (labeled A, B, C, and D). Each has been assessed according to four criteria: • Payoff potential ● Level of risk ● Safety ● Cost Project A is rated: Payoff potential Level of risk Safety high medium Cost of project Project B is rated: Safety Payoff potential Level of risk Cost of project Project C is rated: Safety Payoff potential Level of risk Cost of project Project D is rated: Safety Payoff potential Level of risk Cost of project high low low medium medium medium high high medium medium low low medium medium
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