A Simple Scoring Model for Project Evaluation Requires

question 22

Multiple Choice

A simple scoring model for project evaluation requires:

• A)Importance weights from 1 to 10 assigned to each criterion.
• B)Score values assigned to each criterion in terms of its rating.
• C)A division of weights by scores to arrive at a standardized score for each criterion.
• D)A summation for each criterion to achieve an overall criterion score.

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Definitions:

Core Competencies

Essential capabilities or strengths that provide a business with an advantage over competitors.

Resource Dependence

A theory in organizational behavior that describes how external resources of organizations influence organization behaviors and attitudes.

Environmental Uncertainty

Refers to the extent of unpredictability or lack of information in an organization's external environment, affecting decision-making processes.

Strategic Alliance

A formal agreement between two or more entities to pursue a set of agreed-upon objectives while remaining independent organizations.