Introduction to project management

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The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration.

Using the scoring matrix below, which project would you rate highest? Lowest?

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?

Why is it important that the weights mirror critical strategic factors?

Criteria Strong Support Support Business Strategy Urgency 10% of Sale From New Products Competition Fill Market Gap Weighted Total (a) Weighted Total (b)

Weight 2 5 4 3 1 3 ? ?

Project 1 9 5 2 0 2 5 ? ?

Project 2 3 7 2 0 2 5 ? ?

Project 3 6 8 2 3 6 8 ? ?

Project 4 1 0 5 10 6 9 ? ?

Project 5 3 10 10 1 8 0 ? ?

4. Two new software projects are proposed to a young, start-up company. The Alpha project will cost $150,000 to develop and is expected 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 $50,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why?

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18 freelancers están ofertando un promedio de $20 / hora por este trabajo

iridescent2x15

Hi I am an engineer and have done many research and technical projects. Kindly contact to share more details about your project in chat. Thank you

$25 CAD / hora
(64 comentarios)
6.3
braincenter

Hello, Hope this message finds you well, I checked your details and I believe that my experience is what you are looking 4. I have been working on similar projects for the past eight years, and I have the essential sk Más

$20 CAD / hora
(97 comentarios)
6.3
hany74

Hello, I’m a mechanical engineer with a project management background in the fields of planning and scheduling projects in the disciplines of mechanical, civil, electrical, and IT projects. I utilize software such as M Más

$15 CAD / hora
(45 comentarios)
5.1
SupremeWriters

Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects I have more than 7 years of writing experience, I am a master in writing. I can deliver your work according to your require Más

$15 CAD / hora
(50 comentarios)
4.7
HelpingHut

Introduction to project management Introduction to project management After reading your project details, I feel, I am the best option for you to fulfill this project with 100% perfection. I am working in this indust Más

$15 CAD / hora
(35 comentarios)
4.6
ANWARHUSSAINEMH

Greetings! I am working as Senior Project Manager over 17 years on implementing PMBOK practices with the certification of PMP and Agile methodologies, I can bring real world and theoretical experience on Project Ma Más

$24 CAD / hora
(13 comentarios)
4.3
tariqdayme85

I have 13 years of experience in IT and I have expertise in Project Manager, I am Prince2 practitioner certified. I have good hands on MS project, project Libre and other cloud project management tools. I have handled Más

$22 CAD / hora
(5 comentarios)
3.7
expertswriting45

I m a Certified Project Manager - MIT 2015. I have worked on several similar projects , and can deliver quality notes to tight deadlines. You can see an example of one of those projects in my portfolio. If you award m Más

$20 CAD / hora
(5 comentarios)
2.9
rajatch

Certified Project Manager with experience over 15 years and successfully delivered projects including E-commerce Application Development, Web Development and Support projects. · An accomplished, results-oriente Más

$20 CAD / hora
(1 comentario)
2.0
WhiteEagle86

Hi, I've gone through your project placement and it matches my expertise. I can help you in solve your payback period problem with recomendation about the project and guarantee you that it would be error-free. I'm a c Más

$15 CAD / hora
(1 comentario)
1.0
abmjamil23

Hi I am an experienced software engineer specially in project management working for almost twenty years who is flexible, adaptable and able to manage multiple priorities at the same time, all of this makes me believ Más

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(1 comentario)
1.0
theatasolution1

Hi There, I've reviewed your requirements, expertise . I'm excited with feeling that I would be able to satisfy your requirements in this job. Please leave a message on my chat so we can discuss the project. We can ne Más

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(0 comentarios)
0.0
sumedhadasgupta

I have managed projects for the last 8+ years and evaluated feasibility of new ventures/remodelling existing business. I am an efficient communicator and believe in collboartive work. I have the required infrastructure Más

$20 CAD / hora
(0 comentarios)
0.0
joegunesh

Hello, I am interested in your project because I like business management issues. Concerning the question, Two new software projects are proposed to a young, start-up company. The Alpha project will cost $150,000 to d Más

$20 CAD / hora
(0 comentarios)
0.0
syedsazzad420

i can do it

$22 CAD / hora
(0 comentarios)
0.0
elraskov

-Project 5 is the highest, Project 4 is the lowest. -If weight of Strong Sponsor is changed from 2 to 5, Project5 is still highest. Project5 ,3 and 1 is the first three projects. -Weights are important to select the m Más

$20 CAD / hora
(0 comentarios)
0.0
asadpatela

Hi there, I am a practising project manager on both Agile & traditional PM and I also have to deal with the similar things you are experiencing from handling the finances, planning workshops, tasks, execution and o Más

$25 CAD / hora
(0 comentarios)
0.0