Assignment

I’m working on a Management exercise and need support.

Task-1( 750+ words and in APA format including Times New Roman with font size 12 and double spaced)

Reflect on the assigned readings from PPT. Respond to the following prompts: “What do I feel are the most important aspects of my learning in the chapters this week?” and “What about this learning was really worthy of my time and understanding?” Then explain how important it is in society or business.

Also, provide a graduate-level response to each of the following questions:

  1. Identify a project that you are planning to pursue either at home or at work. List all of the components, decision points, and chance events. What is the measure of success for the project? Assuming that there is more than one measure, how can you reconcile them?
  2. In which type of projects does risk play a predominant role? What can be done to mitigate the attendant risks? Pick a specific project and discuss.

Task-2 (The paper should be at least 2.5 – 3.5 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to project management. Do not insert excess line spacing. APA formatting and citation should be used.)

Activity is task-2

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

  1. 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?
  2. Rank the criteria, compute the rank-sum weights, and determine the score for each alternative. Do the same using the rank reciprocal weights.
  3. What are some of the advantages and disadvantages of this method of product selection?

Prof. Angela

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