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Theory & Practice of Project Management

Assignment 1

Computer Project Assignment: Conveyor Belt Project

Tuyakbayeva Fatima

ID: 16916

1. Checklist

Project	Criteria	High	Medium	Low
Demeter	Technology	x
	Transition			x
	Cost savings	x
Cairo	Technology		x
	Transition	x
	Cost savings	x

Based on this analysis, Project Cairo is the best alternative in favor of adopting. Because two projects have same cost savings, and technology in Demeter is better (in Cairo it is ok), 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 alternative.

2. Checklist

Project	Criteria	High	Medium	Low
Project A	Payoff potential	x
	Lack of risk			x
	Safety	x
	Competitive advantage		x
Project B	Payoff potential			x
	Lack of risk		x
	Safety		x
	Competitive advantage		x
Project C	Payoff potential		x
	Lack of risk		x
	Safety			x
	Competitive advantage			x
Project D	Payoff potential	x
	Lack of risk	x
	Safety		x
	Competitive advantage		x

Based on this checklist, Project D is the best alternative, with all ratings High and Medium. Project C is the worst alternative, because it has poor ratings 2 Medium and 2 Low.

3. Scoring model

Project	Criteria	Importance Weight	Score	Weighted Score
Project A	Payoff potential	4	3	12
	Lack of risk	3	1	3
	Safety	1	3	3
	Competitive advantage	3	2	6
	Total			24
Project B	Payoff potential	4	1	4
	Lack of risk	3	2	6
	Safety	1	2	2
	Competitive advantage	3	2	6
	Total			18
Project C	Payoff potential	4	2	8
	Lack of risk	3	2	6
	Safety	1	1	1
	Competitive advantage	3	1	3
	Total			18
Project D	Payoff potential	4	3	12
	Lack of risk	3	3	9
	Safety	1	2	2
	Competitive advantage	3	2	6
	Total			29

Therefore: Project D (with a total of 29) is the best alternative, which has highest total score compared to the other options: Project A (with a total of 24), Project B (with a total of 18), and Project C (with a total of 18)

4. Scoring model

Project	Criteria	Importance Weight	Score	Weighted Score
Project A	Payoff potential	1	3	3
	Lack of risk	1	1	1
	Safety	4	3	12
	Competitive advantage	2	2	4
	Total			20
Project B	Payoff potential	1	1	1
	Lack of risk	1	2	2
	Safety	4	2	8
	Competitive advantage	2	2	4
	Total			15
Project C	Payoff potential	1	2	2
	Lack of risk	1	2	2
	Safety	4	1	4
	Competitive advantage	2	1	2
	Total			10
Project D	Payoff potential	1	3	3
	Lack of risk	1	3	3
	Safety	4	2	8
	Competitive advantage	2	2	4
	Total			18

After new information (new importance weight): the Project A looks most attractive, which has highest total score (weighted score) 20, compared to the other options: Project D (with a total of 18), Project B (with a total of 15), and Project C (with a total of 10)