Your project selection committee is estimating three projects. They are using a weighted scoring scheme 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. They are as in the figure. Which project should you select based on the scores from the weighted scoring model?
Weighted scoring models use the weight of the criteria multiplied by the score to derive an overall score. Project 1’s score is 47, Project 2’s score is 45, and Project 3’s score is 42. Based on this information, Project 1 is the best choice.