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Paper Matrix Evaluation Justification

I am looking for help in evaluating a Matrix that was developed to access projects that are developed in our office.

I need to write a justification that lists each of the criterion selected and discuss what makes the criterion useful for evaluating Business Plans.

The following criteria has been chosen by the development team, I am looking for an outside perspective on why they would this the criterion could be justified.

Criterion:

1. Strategy
Clear and exciting
Represents Vision well
2. Technology
Technology Choice
Fit to market requirements
3. Operations
Plan for production of product
Product costs
Operating capabilities
Production complexity
4. Marketing
Description of market
Competitive analysis
Market Need
Marketing Resources
Unique Capabilities
Market Plan
5. Sales
Sales Strategy
Global organization
6. Finance
Cash Flow
Income Statement
Balance Sheet
7. Customer Service
Ability to respond to customers
Resources for support
8. Management Capability
Management team ability to direct company
Partnerships and relationships
9. Risk Assessment
Risks are identified
Mitigation strategy for identified risks

Solution Preview

1. Strategy
Clear and exciting
Represents Vision well

The strategy must inform the vision as well as make the implementation of the action match the vision. Without vision, there is only a need and no real way of knowing what the need it, what the company wishes to do to meet the need, and how it plans to approach filling the need. If the strategy is not clear, then there is little chance of new ideas and without excitement, people don't approach the project with enthusiasm.

2. Technology
Technology Choice
Fit to market requirements

Technology for technology sake is expensive and unproductive if it does not allow the company to meet the needs of the external and internal environment of business. For example, if one leaves human resources to deal with the company employees using only Quickbooks and MS Office there are bound to be problems if the company offers benefit packages, complex options for time off, etc. If production is not aligned with shipping and receiving, how will the three departments know what is happening and be able to plan? Technology is necessary to keep up in the market, but only if the appropriate technology is applied. Can one imagine sales persons on the road without laptops and cell phones?

3. Operations
Plan for production of product
Product costs
Operating capabilities
Production complexity

Operations is a vital part of the business. Without complete and proper planning and implementation, the use of production is at best, limited. The most successful companies have plans that allow for the constant scanning of the environment for changes in production that can affect both the business and the customer. Knowing how the production operations ...

Solution Summary

Justification for the criteria chosen to assess projects in an office.

$2.19