88%(8)7 out of 8 people found this document helpful
This preview shows page 2 - 3 out of 3 pages.
Strategic Alignment – One of Petrie Electronics long term goals is to increase their profits, and not only stay competitive within the Electronics market, but to be at the forefront of the competition. Currently, a lot competitors all have various ways for rewarding their loyal customers. In order for us to remain competitive, or increase our competitive edge, we too must find a way to retain our loyal customers. This allows for an increase in profits which is the short and long term goal of the organization. Resource requirement- We have already identified the team necessary to implement this projectand are confident that each member will be able to contribute a unique viewpoint and talent which will aid in the successful completion of the project. With Jim as the project manager we are confident his past experience working for our competitors will enable a fresh perspective and zeal for this endeavor. Question 4: Look at Figure 4-4. What kind of information would you need to have to be able to put together a table like Figure 4-4 to present to the steering committee? How much of that information is objective? Subjective? Justify your answer.In order to properly put together a weighted multi-criteria analysis table, one must have accurateinformation on the following items:Project Top Level RequirementsoKey System RequirementsoThe costs of physical software and hardware for the projectKey ConstraintsoEstimated timelinesoEstimated time required from each team memberoThe cost of each team members timeoWeight of all factors – this is where the team decides the value of each constraint andrequirement when evaluating the options.