Question

What is meant by selecting the best solution?

Answer 1

Answer:

Selecting the solution

Step 1: eliminate unsuitable options by passing them through a screening process. In this process we need to identify if the solutions meet all the necessary and sufficient conditions, and if they are feasible or not. Step 2: compare remaining solutions to figure out which should be implemented.

Answer 2

Answer:

The following answer is given explanation part

Explanation:

First, make sure that all the solutions you consider for the solution selection matrix are valid solutions that you could sell to your stakeholders and get agreement. Solutions that may be against the law, company policy, cause a large adverse effect on the customers etc. would be eliminated from this list.

Ensure that all the solutions that remain can potentially meet the requirements of the project: they should be able to meet the required output levels of quality, performance, reliability and be within the timeframe and cost that is reasonable from the company perspective.

For each of the above solutions, evaluate the relative importance of the four weighting factors: Sigma Impact, Time Impact, Cost Impact, and Other Impact. You could use the AHP process to determine these weights.

Evaluate each solution against these 4 criteria to come up with relative scores for the solutions on a scale of 1-10. Use any facts and data you have or perform a pilot study to come up with as realistic score as possible. Use a standard rating scale to have a more objective way of determining the scores. For example, Time Impact would range from 1-10 where 1 is for projects that can be implemented in less than a day and 10 is for projects that would take more than a year to implement. This scale would also need to be rationalized – in the sense that on a relative basis a 10 for time-impact is comparable to a 10 for cost-impact etc.

Enter these values in the solution selection matrix and select the solution that has the highest overall total score.

Perform a sanity check to ensure that the solution or solutions recommended by the solution selection matrix make sense.