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Question:

Your project selection committee is estimating three projects. They are using a weighted scoring model that has three criteria: decrease training time, streamline customer support functions, and return on investment. The weights for these criteria are 5, 4, and 2, respectively. Your selection committee has completed scoring the three projects and has given you the scores for the three criteria.
Project 1: decrease training = 5, streamline support = 3, return on investment = 5
Project 2: decrease training = 3, streamline support = 5, return on investment = 5
Project 3: decrease training = 4, streamline support = 4, return on investment = 3
Which project should you select based on the scores from the weighted scoring model?

A Project 1.
explanation

To determine which project to select based on the scores from the weighted scoring model, we need to calculate the weighted scores for each project and compare them.
The weights for the criteria are as follows:
- Decrease training time: 5
- Streamline customer support functions: 4
- Return on investment: 2
Now, let's calculate the weighted scores for each project:

Project 1:
Weighted score = (Decrease training score * Weight) + (Streamline support score * Weight) + (Return on investment score * Weight)
Weighted score = (5 * 5) + (3 * 4) + (5 * 2)
Weighted score = 47

Project 2:
Weighted score = (3 * 5) + (5 * 4) + (5 * 2)
Weighted score = 45

Project 3:
Weighted score = (4 * 5) + (4 * 4) + (3 * 2)
Weighted score = 42
Based on the weighted scoring model, the project with the highest weighted score is Project 1 with a score of 47. Therefore, Project 1 should be selected.

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3 years ago

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