Case study
Weighted Results
| Cost | DC 2 | DC3 | |||||||||||||
| Weight% | 30 | 40 | 30 | 100 | |||||||||||
| Alternative 1 | 0 | ||||||||||||||
| Alternative 2 | 0 | ||||||||||||||
| Alternative 3 | 0 | ||||||||||||||
| This is just a description of the rankings | |||||||||||||||
| Ideal | 1 | ||||||||||||||
| Acceptable | 2 | ||||||||||||||
| Not Acceptable | 3 | ||||||||||||||
| Cost | DC2 | DC3 | |||||||||||||
| Alternative 1 | ERROR:#DIV/0! | ERROR:#DIV/0! | ERROR:#DIV/0! | ERROR:#DIV/0! | |||||||||||
| Alternative 2 | ERROR:#DIV/0! | ERROR:#DIV/0! | ERROR:#DIV/0! | ERROR:#DIV/0! | |||||||||||
| Alternative 3 | ERROR:#DIV/0! | ERROR:#DIV/0! | ERROR:#DIV/0! | ERROR:#DIV/0! | |||||||||||
| Alternative 1 | Alternative 2 | Alternative 3 | EXAMPLE COST DECISION CRITERION | ||||||||||||
| Percentage | ERROR:#DIV/0! | ERROR:#DIV/0! | ERROR:#DIV/0! | ||||||||||||
| There are three criteria and each of the ratings will be given a calculated weight equal to 100%. The higher the weight, the more important the decision criteria is. Each criteria will also be rated on a scale of 1 to 3; 1 = an ideal solution, 2 = an acceptable solution, and 3 = an unacceptable solution. | |||||||||||||||
| Cost – 30% | |||||||||||||||
| Each alternative will be measured on the cost to implement, which includes internal, external, and capitalized costs. | |||||||||||||||
| Step 1 | · Any alternative that falls under $25,000 will be rated a 1. | ||||||||||||||
| List Key Critiera horizontally and Alternatives vertically | · Any alternative that falls between $25,000 and $50,000 will be rated a 2. | ||||||||||||||
| Enter in the percentage each criteria was valued at | · Any alternative that exceeds $50,000 will be rated a 3. | ||||||||||||||
| Enter in rating; ideal, acceptable, not acceptable (1,2,3) | |||||||||||||||
| Step 2 | |||||||||||||||
| Calculation: Each rating (1,2,3) divided by key decision criteria percentage | |||||||||||||||
| Do this for every Alternative | |||||||||||||||
| To create the chart: | |||||||||||||||
| List alternatives horizontally and and value of the total provided by the calculation for each alternative | |||||||||||||||
| Click Insert, select chart, voila! |
Alternative Analysis and Evaluation
Percentage
[VALUE]%
[VALUE]%
[VALUE]%
Alternative 1 Alternative 2 Alternative 3 0 0 0