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- 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 - 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?
- Rank the criteria, compute the rank-sum weights, and determine the score for each alternative. Do the same using the rank reciprocal weights.
- What are some of the advantages and disadvantages of this method of product selection?
- 2-3pages
- #1. What is Six Sigma – what does it mean mathematically? What tools, techniques, and methods that you would you traditionally use in a Six Sigma facilitation? What do you envision the roles and responsibilities for a Six Sigma centered project? Provide 8 Six Sigma tools and explain what they are used for.#2. For this assignment, you have been assigned as the project manager for a project involving the installation of a new Internet security suite for your company.Complete the following tasks for your project:
- Provide a brief overview of your project.
- Describe positive and negative risks within your project.
- Discuss how each of the identified risks can affect the success or failure of the project and rank each risk in terms of impact to the project.
- Propose risk mitigation and management approaches for each identified risk.
- Describe the role policy plays in the planning and performing of risk management processes.
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