project management

 
Three new-product ideas have been suggested. These ideas have been rated as shown in the Table below
Product*
Criteria
A
B
C
Weight (%)
Development cost
P
F
VG
10
Sales prospects
VG
E
G
15
Producibility
P
F
G
10
Competitive advantage
E
VG
F
15
Technical risk
P
F
VG
20
Patent protection
F
F
VG
10
Compatibility with strategy
VG
F
F
20
100
* P = poor, F = fair, G = good, VG = very good, E = excellent 

Using an equal point spread for all five ratings (i.e., P = 1 ,  F = 2 ,  G = 3 ,  VG = 4 ,  E = 5 P=1, F=2, G=3, VG=4, E=5), determine a weighted score for each product idea. What is the ranking of the three products?
Rank the criteria, compute the rank-sum weights, and determine the score for each alternative. Do the same using the rank reciprocal weights.

Don't use plagiarized sources. Get Your Custom Essay on
project management
Just from $13/Page
Order Essay

What are some of the advantages and disadvantages of this method of product selection?.

Calculator

Calculate the price of your paper

Total price:$26
Our features

We've got everything to become your favourite writing service

Need a better grade?
We've got you covered.

Order your paper
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOLDEN