Develop a scenario where you utilize a weighted factor scoring model to analyze the 3 projects presented below. Utilize and evaluate 5-7 items for each of the projects. In a paper that is 5-7 long, present your rationale for each weighted factor; then, present a chart detailing the relevant factors to be analyzed, and do so using the weighted factor scoring model. Choose a project based on the data provided; then, discuss the results, present a discussion regarding the differences or similarities.
Project Options
Project 1 Background
A retail company is growing fast at the rate of 60% and thus, needs to meet the needs of expansion for which the company is planning to upgrade its IT infrastructure for supporting the growing data that would result from new customers and orders. The company currently serves 1 million customers worldwide with 10,000 employees working with the retail chain to serve them. With the expansion of the infrastructure, the company would have an increased support for the staff such that they would be able to serve the customer better and faster with new technologies and faster systems.
Project 2 Background
The retailer deals in apparels and houseware items that are sold through a variety of stores in the chain across the world. The company has a website that employees use to track the orders based on which the pressures on inventories are calculated and refilling is ordered. However, while the employees can get the data on sales automatically, the inventory is mostly managed manually. Thus, the company has the plan to replace the old inventory management system which was manual with a web-based system that automates the inventory processes for the company. The project is expected to bring the operational benefits like increased speed to market, faster response to consumer demands, and cost savings through a reduction in administrative expenses.
Project 3 Background
The company is facing major issues in the organization due to lack of the resources that are not sufficient for the organization work at times because they need more employees and at other times as the employees lack the right skills. Thus, the management wants to initiate a new project that would involve the hiring of new employees, training of those working with the company, and improvement in the HR processes with the implementation for the HRIM system. This project is expected to bring a variety of benefits to the organization such as improved productivity of employees, better competency levels of employees, faster employee management, and better HR practices.