Select a real or hypothetical organization (you may want to use the same organization that you used for the Week 1 assignment) and design a decision tree or matrix for project selection that includes at least three quantitative decisions and three qualitative decisions that should be made as a part of deciding whether to launch a project. Include decisions related to legal considerations, ethics, and social responsibility. Prepare your decision tree or matrix in PowerPoint or Excel. Examples of decisions that may be included in your decision tree or matrix are (a) Does the project align with the strategic vision of the organization? (b) Is the Internal Rate of Return (IRR) for the project greater than, equal to, or less than the target IRR for projects in the organization? (c) For three major risks that are known for the project is the average Risk Priority Number (calculated by rating likelihood of risk event from 1-10, rating impact of risk event should it play out from 1-10, and then multiplying the likelihood rating by the impact rating) less than or equal to 500?, (d) Has the organization ever done this type of project before?
In a Word paper, discuss your rationale for including each of the six decisions you included in your decision tree or matrix, explain the logic you used in arranging your decision tree or matrix, and provide instructions for how you recommend an organization would go about using the decision tree or matrix you developed.
Support your paper with a minimum of three (3) external resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 3-4 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.