Kinjal PM dis - I need a discussion on the below topic

Writing

Campbellsville University

Question Description

Reflect on the assigned readings for the week. Respond to the following prompts: “What do I feel are the most important aspects of my learning in the chapters this week?” and “What about this learning was really worthy of my time and understanding?” Then explain how important it is in society or business.

Also, provide a graduate-level response to each of the following questions:

  1. Identify a project that you are planning to pursue either at home or at work. List all of the components, decision points, and chance events. What is the measure of success for the project? Assuming that there is more than one measure, how can you reconcile them?
  2. What experiences have you had with group decision making? What difficulties do you see arising when trying to perform a multiple-criteria analysis with many interested parties involved? How might these difficulties be overcome, or at least mitigated?

450 words, APA format and references

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Figure 6.1 Decision analysis paradigm. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.2 Hierarchy of objectives for advanced vehicle systems. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.3 Graphical assessment of indifference probability. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.4 Sample interview question for relative fuel economy. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.5 Example of utility curve for representative consumer. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.6 Sample interview question used to determine scaling constant for the relative fuel economy attribute. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.7 Sample interview question used to determine order of importance of attributes. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.8 Summary three-level hierarchy for selection problem. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6.9 Human productivity objective hierarchy. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6.1 Scale used for Pairwise Comparisons Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6.2 Priority Vector for Major Criteria Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6.3 Local and Global Priorities for the Problem of Selecting an In-Orbit Assembly System Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6.4 Example GDSS Features to Support Six Task Types Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6.5 Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6.6 Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6A.1 Universal self-deployable cargo handler. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6A.2 Objective hierarchy for next-generation cargo handler. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 6A.3 Abbreviated version of the objective hierarchy. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.1 Priority Vector for Major Criteria Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.2 Local and Global Priorities Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.3 Comparison of Responses Using the AHP Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.4 Summary of Results for the AHP Analysis Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.5 Attribute Data for Decision Maker 1 Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.6 Scale used for “Mission Objectives” Attribute Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.7 Comparison of AHP Weights and MAUT Scaling Constants for the Five Decision Makers Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 6A.8 Summary of Results for MAUT Analysis Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Project Management: Processes, Methodologies, and Economics Third Edition Chapter 6 Multiple-Criteria Methods for Evaluation and Group Decision Making Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-1 Decision Analysis Paradigm Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-2 Hierarchy of Objectives for Advanced Vehicle Systems Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-3 Graphical Assessment of Indifference Probability Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-4 Sample Interview Question for Relative Fuel Economy Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-5 Example of Utility Curve for Representative Consumer Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-6 Sample Interview Question Used to Determine Scaling Constant for the Relative Fuel Economy Attribute Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-7 Sample Interview Question Used to Determine Order of Importance of Attributes Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-8 Summary Three-Level Hierarchy for Selection Problem Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6-9 Human Productivity Objective Hierarchy Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6-1 Scale Used for Pairwise Comparisons Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6-2 Priority Vector for Major Criteria Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6-3 Local and Global Priorities for the Problem of Selecting an In-Orbit Assembly System Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6-4 Example GDSS Features to Support Six Task Types Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6-5 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6-6 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6A-1 Universal Self-Deployable Cargo Handler Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6A-2 Objective Hierarchy for NextGeneration Cargo Handler Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 6A-3 Abbreviated Version of the Objective Hierarchy Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-1 Priority Vector for Major Criteria Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-2 Local and Global Priorities Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-3 Comparison of Responses Using the AHP Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-4 Summary of Results for the AH P Analysis Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-5 Attribute Data for Decision Maker 1 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-6 Scale Used for “Mission Objectives” Attribute Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-7 Comparison of AHP Weights and MAUT Scaling Constants for the Five Decision Makers Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 6A-8 Summary of Results for MAU T Analysis Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Copyright Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Project Management: Process, Methodologies, and Economics Third Edition Chapter 5 Portfolio ManagementProject Screening and Selection Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-1 Project Evaluation and Selection Process Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-1 An Example of a Checklist for Screening Projects Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-2 Multidimensional Diagram for Checklist Example Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-2 An Example of a Scoring Model for Screening Projects Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-3 Environmental Scoring Form Used by Niagara Mohawk Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-4 Input Data and Results for Incremental Analysis Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-3 Relative Effectiveness of Systems Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-5 Data for C-E Analysis Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-4 Relationship Between System Effectiveness and Cost Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-6 Some Definitions Related to Risk Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-5 Spider Chart for Sensitivity Analysis Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-6 NPV Comparisons for RiskAdjusted MARRs Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-7 Data and Results for Reduction of Useful Life Example Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-7 After-Tax Parametric Analysis for Product Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-8 Systems Engineering Approach to Risk Assessment Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-9 Illustration of Risk Profile Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-10 Structure of Decision Tree Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-11 Segments of Tree Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-12 Deterministic Replacement Problem Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-8 Computational Results for Replacement Problem in Figure 5-12 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-9 Computations for Replacement Problem with 12% Interest Rate Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-13 Automation Problem Before Consideration of Technology Study Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-14 Automation Problem with Technology Study Taken into Account Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-10 Expected NPV Calculations for the Automation Problem Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-15 One-Stage FMS Replacement Problem Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-11 Computation of Posterior Probabilities Given That Investigation-Predicted Demand is High (h) Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-12 Computation of Posterior Probabilities Given That Investigation-Predicted Demand is Low (l) Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-16 Replacement Problem with Alternative of Technology Study Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-13 Expected NPV Calculations for Replacement Problem in Figure 5-13 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5-17 Hydraulic Power Unit Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-14 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-15 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-16 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-17 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5-18 Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Table 5A-1 Format for Applying Bayes’ Theorem Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Copyright Copyright © 2017, 2005, 1994 Pearson Education, Inc. All Rights Reserved Figure 5.1 Project evaluation and selection process. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.1 An Example of a Checklist for Screening Projects Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.2 Multidimensional diagram for checklist example. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.2 An Example of a Scoring Model for Screening Projects Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.3 Environmental Scoring Form Used by Niagara Mohawk Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.4 Input Data and Results for Incremental Analysis Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.3 Relative effectiveness of systems. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.5 Data for C-E Analysis Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.4 Relationship between system effectiveness and cost. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.6 Some Definitions Related to Risk Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.5 Spider chart for sensitivity analysis. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.6 NPV comparisons for risk-adjusted MARRs. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.7 Data and Results for Reduction of Useful Life Example Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.7 After-tax parametric analysis for product. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.8 Systems engineering approach to risk assessment. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.9 Illustration of risk profile. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.10 Structure of decision tree. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.11 Segments of tree. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.12 Deterministic replacement problem. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.8 Computational Results for Replacement Problem in Figure 5.12 Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Table 5.9 Computations for Replacement Problem with 12% Interest Rate Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyright © 2017, 2005, and 1994 by Pearson Education, Inc. All Rights Reserved Figure 5.13 Automation problem before consideration of technology study. Project Management: Processes, Methodologies, and Economics, 3e Avraham Shtub, Moshe Rosenwein Copyrig ...
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