The ABC Manufacturing Company has set up a weighted scoring matrix for evaluating some potential projects. Following are five projects under consideration. Using the scoring matrix below which project would you rate highest? Lowest? If the weight for “Sponsor Support” 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? Why is it important that the weights mirror critical strategic factors? Project Screening Matrix Criteria Weight Project 1 Project 2 Project 3 Project 4 Project 5 Sponsor Support 2 9 3 6 1 3 Strategic Alliance 5 5 7 8 0 10 Urgency 4 2 2 2 5 10 Fills a market gap 3 0 0 3 10 1 Sales 3 2 5 6 6 8 Competition 1 5 1 8 9 0
The ABC Manufacturing Company has set up a weighted scoring matrix for evaluating some potential projects. Following are five projects under consideration. Using the scoring matrix below which project would you rate highest? Lowest? If the weight for “Sponsor Support” 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? Why is it important that the weights mirror critical strategic factors? Project Screening Matrix Criteria Weight Project 1 Project 2 Project 3 Project 4 Project 5 Sponsor Support 2 9 3 6 1 3 Strategic Alliance 5 5 7 8 0 10 Urgency 4 2 2 2 5 10 Fills a market gap 3 0 0 3 10 1 Sales 3 2 5 6 6 8 Competition 1 5 1 8 9 0
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Question
- The ABC Manufacturing Company has set up a weighted scoring matrix for evaluating some potential projects. Following are five projects under consideration.
- Using the scoring matrix below which project would you rate highest? Lowest?
- If the weight for “Sponsor Support” 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?
- Why is it important that the weights mirror critical strategic factors?
Project Screening Matrix
|
Criteria |
Weight |
Project 1 |
Project 2 |
Project 3 |
Project 4 |
Project 5 |
|
Sponsor Support |
2 |
9 |
3 |
6 |
1 |
3 |
|
Strategic Alliance |
5 |
5 |
7 |
8 |
0 |
10 |
|
Urgency |
4 |
2 |
2 |
2 |
5 |
10 |
|
Fills a market gap |
3 |
0 |
0 |
3 |
10 |
1 |
|
Sales |
3 |
2 |
5 |
6 |
6 |
8 |
|
Competition |
1 |
5 |
1 |
8 |
9 |
0 |
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