College Of Computing And Informatics - Question 1 (15 Marks)
Pg05college Of Computing And Informaticsquestion One15 Markslearning
Identify the core assignment question, remove any extraneous information or instructions, and present the instructions concisely: Explain the concept of “Alternative Matrix”, and give an example of comparison using this form of Matrix to present three acquisition methods. Do not use slides or book examples.
Paper For Above instruction
The assignment requires an explanation of the concept of “Alternative Matrix” within the context of analysis and design techniques. The student should articulate what an Alternative Matrix is, its purpose, and how it can be used to compare different options. For this, an example involving three acquisition methods must be provided, demonstrating how an Alternative Matrix visually and analytically presents comparative data to aid decision-making. The example should be original and not based on previous slides or book examples, instead illustrating a practical application in a scenario where multiple acquisition methods are evaluated based on criteria such as cost, efficiency, risk, or other relevant factors.
An Alternative Matrix, also known as a comparison matrix, is a strategic decision-making tool that structures the comparison of different options across various criteria in a tabular format. It facilitates decision-making by clearly presenting the strengths and weaknesses of each alternative relative to established criteria. Typically, the matrix consists of rows representing the options under consideration and columns representing the criteria for evaluation. Each cell contains an assessment or score reflecting how well an option meets a particular criterion, thereby providing a comprehensive and visual means to compare multiple options simultaneously.
For example, consider a scenario where an organization is choosing among three procurement options: Direct Purchase, Competitive Bidding, and Leasing. The evaluation criteria could include Cost, Implementation Time, Flexibility, and Risk. An Alternative Matrix would be constructed with these options as rows and the criteria as columns. Each cell would include an assessment score or qualitative rating, such as high, medium, or low, or numerical values, to facilitate comparison. This comparison matrix would enable stakeholders to see at a glance which procurement method offers the best overall fit considering all factors, thereby supporting an informed decision-making process.
References
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- Ott, A., & Longenecker, J. G. (2015). Operations Management. McGraw-Hill Education.
- Schwalbe, K. (2015). Information Technology Project Management. Cengage Learning.
- Simons, R. (2000). Performance Measurement & Control Systems. Prentice Hall.
- Thompson, R. (2012). Decision Making in Business. Routledge.
- Davis, R. (2014). Decision Support and Business Intelligence. Pearson.
- Keen, P. (1991). Shaping the Future of Information Technology. Harvard Business School Press.
- Poister, T. H. (2010). Strategic Planning in Municipal Governments. Public Administration Review.
- Eason, K. (2003). Information Technology and Organizational Change. Routledge.
- Evans, J. R., & Lindsay, W. M. (2014). Managing for Quality and Performance Excellence. Cengage Learning.