If the weight for "Strong Sponsor" is changed from 2 to 5, what score would you give to each project?Project 1Project 2Project 3Project 4Project 5Now, which project would you choose first?Why is it important that the weights mirror critical strategic factors? EX2-7 (Algo) The Custom Bike Company...The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Following are five projects underconsideration.CriteriaWeightProject 1Project 2Project 3Project 4Project 5Project 1Project 2Project 3Project 4Project 5Strong sponsor2246=108Supports businessWhich project would you choose first?strategy33542010% of sales fromUrgency new products Competition Fill market gap1402117Using the scoring matrix above, what score would you give to each project?3251857610110156611

Find the given details below: Given details:CriteriaWeightProjectProject 1Project 2Project…

Answered: The Custom Bike Company has set up a…

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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Suppose your organization is deciding which of THREE projects to bid on. The information or each is in the Table 2 below. Assume that all up-front investments are not recovered, so the are shown as negative profits. Table 2: Three Projects Details Estimated Probability (P) Profits/Losses Project A 50% RM120,000 50% (RM50,000) Project B 30% RM100,000 40% RM50,000 30% (RM60,000) Project C 70% RM20,000 30% (RM5,000) Tasks: (a) Calculate the Expected Monetary Value (EMV) for each project. Then, insert all the detail: into the table. (b) Based on your result, explain on which projects you would bid. Be sure to use the EMV information and your personal risk tolerance to justify your answer.
The following payoff matrix shows the various profit outcomes for 3 projects, A, B, and C, under 2 possible states of nature: the product price is $15 or the product price is $25. Profit Project A P= $15 60 B -28 C 40 Using the maximax rule, the decision maker would choose... Multiple Choice A. B. P = $25 80 160 100 impossible to say from the information given
RESEARCH TOPICS1. The difference between project feasibility and project appraisal and their significance toproject sustainability2. The interplay between the project components (Cost, time, scope and quality) and thesignificance to project performance and sustainability3. Report writing process and utility of project report to project management
The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Following are five projects under consideration. Criteria Strong sponsor Supports business strategy Urgency 10% of sales from new products Competition Fill market gap Weight 2 4 2 5 1 2 Project 1 6 8 9 5 4 0 Project 2 9 8 4 2 7 10 Project 3 3 2 3 9 4 8 Project 4 9 6 6 1 4 0 Project 5 6 0 7 4 1 0 Using the scoring matrix above, what score would you give to each project?
11.1. Three alternative plans for expanding a municipal water distribution system will each meet demands for water and maintain required pressures. Each plan has a project life of 30 years. The initial investment cost and annual operation and maintenance cost for each plan are as follows: Initial investment Annual operation and maintenance Plan cost ($) cost ($) A 120,000 28,000 B 160,000 24,000 C 290,000 10,000 Select the economically optimum plan based on a discount rate of 8 percent. Perform the evaluation alternatively based on present worth and annual worth.
How Can You Get to a Backlog of over 100 Projects? There are never enough resources to get everything done." Backlogs build over time. Sacred cow projects get included in the selection system. Projects proposed from people who have left the airline stil reside in the project portfolio. Non-value-added projects somehow make their way into the project portfolio. Soon the queue gets longer. With everyone in IT working on too many projects concurrently, project completion and productivity are slow. Which Projects Remain? To cut the number of projects, the steering committee used a weighting scheme that reflected the airline's priorities, which were: fly safe, generate revenue, reduce costs, and customer service. The weighting scheme easily weeded out the fluff. Coady noted that "by the time you get to the 20s the margin of differentiation gets narrower and narrower." Of the remaining projects, project sponsors had to have solid justification why their project is important. Reduction of the…
Prepare a proposal that covers the following:1. The logistics team decided that missing guaranteed deadlines and late delivery of goods and increase in themotor vehicles gas bill are identifiable control problems. You are asked to analyse these issues and presentyour evaluation of these, as well as present one resolution to each issue mentioned
Consider the following table which presents information on the returns in million pounds from a range of investment project alternatives for a company depending on the performance of the economy: the economy may be in a recession, performing at a normal level or booming. SCENARIO RECESSION NORMAL ВОOM Project A Project B Project C 12 18 28 10 22 32 11 21 31 a) Briefly describe and apply the following decision criteria to select the optimal project: i. Maxi – min rule; ii. Махi - max rule; 11. Mini max regret rule. b) Using data provided below, compute appropriate values and fill the table below to help identify the least risky and most risky project among alternatives A, B and C using appropriate criteria. Project P EV D D2 Var St. dev Coef.Of Var 12 0.2 A 18 0.7 28 0.1 10 0.3 В 22 0.6 32 0.1 11 0.1 C 21 0.8 31 0.1 Where n denotes the profit, P is the probability, EV stand for Expected value, D is the Deviation, D$ denote the deviation square, St. dev is the standard deviation and…
III. Risks and Feasibility This section of your report identifies risks and confirms the feasibility of the information systems development project. Project feasibility analysis verifies whether a project may be started and successfully completed. Your report should address the feasibility issues listed below. Start by clearly describing what issues are addressed by each feasibility category (see the relevant definitions in the textbook), and discuss the feasibility of the project with respect to each category. Determine organizational and cultural feasibility. This evaluates organizational and cultural issues to identify potential risks for the new system. See pp. 269–270 of the textbook for examples of potential issues.Note: the textbook does not provide an exhaustive list of possibilities!Note: ‘organization’ in this context refers to the Car Sharing community—all stakeholders, but particularly members and prospective members. Assess technological feasibility. See p. 270 of the…
Make a plan on a specific sport event you want to have in your community following the steps in organising a sport event. Don't forget to consider availability of resources and facilities available in your community as well as the interests of the people living in it. This is the format: Name of the Community: 1. Planning Sport Event: Objectives of the Sport Event: Theme for the Event: Venue/available facilities in the community to be used in the event: Initial Budget/Source of Budget: 2. Organizing Program and Schedule: Policies: 3. Staffing Designate people/staff needed in the event and their duties Designation Duties
b) Table Q4b. shows data obtained using the scoring method in a project selection exercise. (1) Describe clearly how the scoring method works, using table Q4b. as an example upon which to base your description. (ii) The project manager must select one project only. State which project, the project manager should select (Project A, Project B or Project C) and provide a justification based on the data provided in Table Q4b. Weighted Score (= Score x Weighting) Criterion Weight Project A Project B Project C Criterion 1 Mandatory Yes Yes No Criterion 2 10 9 x 10 = 90 8x 10 = 80 9 x 10 = 90 Criterion 3 8 9 x 8 = 72 8x 8 = 64 9 x 8 = 72 Criterion 4 6 6 x 6 = 36 7x 6 = 42 9 x 6 = 54 Criterion 5 4 7x 4 = 28 8x 4 = 32 9 x 4 = 36 Total Score 226 218 252 Table Q4b
Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 1/3 PayOff 5.. 1/3 PayOff 2 1/3 PayOff 3 0.30 0.50 PayOff 4 PayOff 5 Alternative A 0.20 PayOff 6 Alternative B 0.30 0.50 1/3 PayOff 7 1/3 2 PayOff 8 1/3 PayOff 9 5 PayOff 10 PayOff 11 0.20 PayOff 12 1/2 6 PayOff 13 3 1/2 PayOff 14 Payo 1 2 3 5 6 7 8 9 10 11 12 13 14 ff $ 5 -2 5 2 9 2 5 -5 3 4 4 -3 7 6 a) The value at node 4 is Blank 1 b) The value at node 8 is Blank 2 (in 1 decimal place) c) The best course of action or decision is to select alternative Blank 3

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