Provide an Example of a Numeric and Non-Numeric Project Selection

question 80

Essay

Provide an example of a numeric and non-numeric project selection model and indicate what advantage each might hold over the other.

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Definitions:

Cross-Functional Teams

Groups of people with different functional expertise working toward a common goal; can include people from finance, marketing, operations, and human resources departments.

Self-Managed Teams

Self-managed teams are groups of employees tasked with completing a project or operational activities who plan, coordinate, and manage their work independently without traditional managerial supervision.

Functional Team

A group of individuals with specific roles and skills, assembled to perform specific tasks or achieve certain goals within an organization.

Similar Tasks

Tasks that are alike or closely resemble each other in terms of the skills required, processes involved, or the goals to be achieved.