1Theory & Practice of Project Management
Assignment 1 Computer Project Assignment: Conveyor Belt Project
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Shapiyk Tilek |
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Checklist
Project |
Criteria |
High |
Medium |
Low |
Demeter |
Technology |
x |
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Transition |
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x |
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Cost savings |
x |
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Cairo |
Technology |
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x |
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Transition |
x |
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Cost savings |
x |
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Looking at this Project Cairo is the best choice in favor of adoption. Reason being 2 projects near enough the same cost savings, and technology in Demeter is better, but the key criteria in favor of adopting Ease of transition is High in Cairo, in Demeter is low, so project Cairo is the best choice.
Checklist
Project |
Criteria |
High |
Medium |
Low |
Project A |
Payoff potential |
x |
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Lack of risk |
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x |
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Safety |
x |
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Competitive advantage |
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x |
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Project B |
Payoff potential |
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x |
Lack of risk |
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x |
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Safety |
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x |
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Competitive advantage |
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x |
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Project C |
Payoff potential |
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x |
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Lack of risk |
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x |
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Safety |
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x |
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Competitive advantage |
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x |
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Project D |
Payoff potential |
x |
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Lack of risk |
x |
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Safety |
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x |
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Competitive advantage |
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x |
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Looking at this table above, Project D is the best choice, with all ratings High and Medium. Project C is the worst choice, because it has the worst ratings 2 Medium and 2 Low.
Scoring model
Project |
Criteria |
Importance Weight |
Score |
Weighted Score |
Project A |
Payoff potential |
4 |
3 |
12 |
Lack of risk |
3 |
1 |
3 |
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Safety |
1 |
3 |
3 |
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Competitive advantage |
3 |
2 |
6 |
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Total
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24 |
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Project B |
Payoff potential |
4 |
1 |
4 |
Lack of risk |
3 |
2 |
6 |
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Safety |
1 |
2 |
2 |
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Competitive advantage |
3 |
2 |
6 |
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Total
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18 |
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Project C |
Payoff potential |
4 |
2 |
8 |
Lack of risk |
3 |
2 |
6 |
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Safety |
1 |
1 |
1 |
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Competitive advantage |
3 |
1 |
3 |
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Total
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18 |
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Project D |
Payoff potential |
4 |
3 |
12 |
Lack of risk |
3 |
3 |
9 |
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Safety |
1 |
2 |
2 |
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Competitive advantage |
3 |
2 |
6 |
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Total |
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29 |
Project D with a total of 29 is the best choice, which has the highest total score when comparing with the other options: Project A with a total score of 24, Project B with a total of 18, and Project C with a total of 18
Scoring model
Project |
Criteria |
Importance Weight |
Score |
Weighted Score |
Project A |
Payoff potential |
1 |
3 |
3 |
Lack of risk |
1 |
1 |
1 |
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Safety |
4 |
3 |
12 |
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Competitive advantage |
2 |
2 |
4 |
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Total
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20 |
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Project B |
Payoff potential |
1 |
1 |
1 |
Lack of risk |
1 |
2 |
2 |
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Safety |
4 |
2 |
8 |
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Competitive advantage |
2 |
2 |
4 |
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Total
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15 |
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Project C |
Payoff potential |
1 |
2 |
2 |
Lack of risk |
1 |
2 |
2 |
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Safety |
4 |
1 |
4 |
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Competitive advantage |
2 |
1 |
2 |
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Total
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10 |
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Project D |
Payoff potential |
1 |
3 |
3 |
Lack of risk |
1 |
3 |
3 |
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Safety |
4 |
2 |
8 |
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Competitive advantage |
2 |
2 |
4 |
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Total |
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18 |
This piece of new information: Project A looks the most appealing choice, which has the highest total score of 20, compared to the other 3 options: Project D with a total of 18, Project B with a total of 15, and Project C with a total of 10
Screening Matrix
Project |
Criteria |
Importance Weight |
Score |
Weighted Score |
Project Alpha |
Quality |
7 |
1 |
7 |
Cost |
3 |
7 |
21 |
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Speed to Market |
5 |
5 |
25 |
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Visibility |
1 |
3 |
3 |
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Reliability |
7 |
5 |
35 |
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Total
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91 |
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Project Beta |
Quality |
7 |
3 |
21 |
Cost |
3 |
7 |
21 |
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Speed to Market |
5 |
5 |
25 |
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Visibility |
1 |
1 |
1 |
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Reliability |
7 |
5 |
35 |
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Total
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103 |
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Project Gamma |
Quality |
7 |
3 |
21 |
Cost |
3 |
5 |
15 |
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Speed to Market |
5 |
3 |
15 |
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Visibility |
1 |
5 |
5 |
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Reliability |
7 |
7 |
49 |
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Total
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105 |
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Project Delta |
Quality |
7 |
5 |
35 |
Cost |
3 |
3 |
9 |
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Speed to Market |
5 |
5 |
25 |
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Visibility |
1 |
1 |
1 |
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Reliability |
7 |
7 |
49 |
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Total |
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119 |
The most likely nominee is Project Delta as it has the highest total score 119.