Question

he Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration. Criteria Strong sponsor Supports business strategy Urgency 10% of sales from new products Competition Fill market gap Weight 2 3 5 3 1 3 Project 1 10 2 7 4 8 7 Project 2 8 10 10 6 7 3 Project 3 5 8 7 3 8 7 Project 4 9 8 8 4 4 2 Project 5 2 6 1 2 4 1 Using the scoring matrix above, what score would you give to each project?

Project 1___ Project 2___ Project 3___ Project 4___ Project 5___

Which project would you choose first?

Answer 1

				Project 1		Project 2		Project 3		Project 4		Project 5
			W	S1	W*S1	S2	W*S2	S3	W*S3	S4	W*S4	S5	W*S5
		Crterion	Weight	Score	Weighted Score	Score	Weighted Score	Score	Weighted Score	Score	Weighted Score	Score	Weighted Score
		A	2	10	20	8	16	5	10	9	18	2	4
		B	3	2	6	10	30	8	24	8	24	6	18
		C	5	7	35	10	50	7	35	8	40	1	5
		D	3	4	12	6	18	3	9	4	12	2	6
		E	1	8	8	7	7	8	8	4	4	4	4
		F	3	7	21	3	9	7	21	2	6	1	3
				SUM	102		130		107		104		40
	Score of Project 1	102
	Score of Project 2	130
	Score of Project 3	107
	Score of Project 4	104
	Score of Project 5	40
	Project to be chosen first	Project2