Summary of weighted scoring model PDF

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Summary

Total of four projects which are being compared and there are total of five criteria on the basis of which these projects are compared...

Description

Summary of weighted scoring model and their results. The weighted scoring model provided in the ‘weighted scoring model.xls’ file illustrates that there are total of four projects which are being compared and there are total of five criteria on the basis of which these projects are compared.

The criteria for evaluation of the projects are Team work, Availability of required resources, Time limitation, Skilled employees, and Scope domain with weight score 25%, 10%,10%,15% and 40% respectively. Thus, it looks from the score that Scope domain is the most valuable factor to determine the success of a project. Thus, looking at the data provided in the graph given in the file it seems that Wealthy Unite is most promising with an overall of 91% weighted project score, followed by Global Smart Shoppers at 86.75%, Change the Laws Campaign at 84.5% and Global Treps at 80.5%.

List of the four projects    

Global Treps Change the Laws Campaign Wealthy Unite Global Smart Shoppers

The four projects for which the weighted scoring model is created are as listed above. Among them the Wealthy Unite and the Global Smart Shoppers are two highly in-demand projects, while projects ‘Change the Laws Campaign’ and ‘Global Treps’ will help improve project management tasks in an organization.

Criteria used for evaluation     

Teamwork Availability of required resources Time limitation Skilled employees Scope domain 1

Steps to create weighted scoring model 1. 2. 3. 4.

Open Weighted Scoring Model .xml template. Enter Criteria for the projects for evaluation. Enter weightage scores appropriately related to the criteria. Enter data in the projects’ columns representing its value.

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