Decision Matrix and Justification Exercise

Question # 00838112 Posted By: wildcraft Updated on: 02/03/2023 09:50 PM Due on: 02/04/2023
Subject Business Topic General Business Tutorials:
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DECISION MATRIX & SELECTION JUSTIFICATION EXERCISE

Instructions for Decision Matrix and Justification

Instructions: You will need to copy and paste your Business Case from Problem Set #1. This needs to be single spaced and only the Business Case; not the element essay.

On the next page you will find a Decision Matrix. You will complete this Decision Matrix based upon your selected project and Business Case from Problem Set #1. Do not just randomly select categories. You must think about your project thoroughly. Selections must make logical sense. For example, under Multidisciplinary, you would not mark “Four or more disciplines involved” and the select “2-3 people” under Staff Commitment. Ensure that this chart remains on a single page.

An important aspect of Project Management is deciding between two (2) or more options that can 1) all be good decisions or 2) may all be bad decisions but a decision must be made and that decision justified. After completing the Decision Matrix, you must justify each of your selections for all of the categories reflected in the Decision Matrix. For each of the Decision Matrix components you will state specifically why you made the selection you did in the Decision Matrix. These justifications need to provide specific evidence from the selected project to justify your selection. For example, under Resources, if you mark “little or no monies, supplies or change in resources” you would not just state “it requires few resources and is only $150,000”. You would need to explain why $150,000, in your opinion, is not a lot of money and why few supplies or resources are needed. Or if you marked “Requires significant resources and or additional FTEs (Full Time Equivalents) you will need to state why the project will use significant resources, why the funding is substantial and/or why more personnel will be needed. Thoroughly explain and justify your selections! This needs to be at least a full paragraph (minimum 50 words each) explaining your thought process behind the decisions you made!

Delete instructions prior to submitting. Project Title/Business Case should be on page 1. Decision Matrix should begin on page 2 and be formatted to be only one page.

Project Title:

Business Case (single spaced; do not include element essay):

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Tutorials for this Question
  1. Tutorial # 00833570 Posted By: wildcraft Posted on: 02/03/2023 09:50 PM
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