Evaluate both Project A and Project B. using the following
Evaluate both Project A and Project B. using the following :
The steps in project selection are to:
Develop a set of criteria against which the opportunity will be evaluated. For example
The steps in project selection are to:
Develop a set of criteria against which the opportunity will be evaluated. For example
Evaluate both Project A and Project B. using the following :
The steps in project selection are to:
Develop a set of criteria against which the opportunity will be evaluated. For example:
Alignment with company goals
Anticipated sales volume
Increase in market share
Establishment of new markets
Anticipated retail price
Investment required
Estimated manufacturing cost per unit
Technology development required
Return on investment
Human resources impact
Public reaction
Competitors’ reaction
Expected time frame
Regulatory approval
Risks
Choose at least 5 criterion (minimum). ( you can tabulate )
Criterion
Project A
Project B
1) Return on Investment
2) Risks.. etc
List assumptions that will be used as the basis for each opportunity.
For example, if one opportunity is to build an on-site day care center for children and elderly relatives of company employees, one assumption might be that the company would be able to obtain a bank loan to build such a center.
Project
Assumptions
Project A
Project B
Gather data and information for each opportunity to help ensure an intelligent decision regarding project selection.
For example, it may be necessary to gather some preliminary financial estimates associated with each opportunity, such as estimated revenue projections and implementation and operating costs.
In addition to gathering hard data, it may also be necessary to obtain other information such as responses from various stakeholders who would be affected by the opportunity.
Evaluate each opportunity against the criteria.
Once all the data and information has been collected, analyzed, and summarized for each opportunity, it should be given to all the individuals who are responsible for performing the evaluation. It is beneficial to have several individuals participating in the evaluation and selection decision in order to get various viewpoints.
Question 2 (55)
Task 1 (20)
Develop a project proposal for the Project that you have selected either A or B.. this can be motivated from Question 1 above as to why you chose the project. (remember that this proposal will be submitted to the Client/Customer from your team/company)
[hint] – I would design a company /team name and logo,so that it also looks professional, this can be used on all your documentation for this project
The proposal contains 3 sections (follow the rubric on the assignment brief)
Technical
Management
Cost
Task 2 (20)
Project Charter
(follow the rubric to get an idea of what goes into the charter, also look at some Project charter examples online)
Task 3(15)
Create a WBS
Question 3 (20)
Gantt Chart –
(I will set up a lab session when we meet next so we can tackle this question and task 3 from question 2)