Introduction to project management
$15-25 CAD / hour
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?
Project ID: #26943863
About the project
18 freelancers are bidding on average $20/hour for this job
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
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 More
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 More
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 More
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 More
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 More
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 More
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 More
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 More
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 More
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 More
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 More
