WGU C722 Unit 3 Project Selection Criteria and Models. Questions with preceding answers. VERIFIED. (LATEST UPDATE 2024/2025)

WGU C722 Unit 3 Project Selection Criteria and Models. Questions with preceding answers. VERIFIED. Realistic - -________ is the model selection criteria that accurately reflects the way the organization does business. It is appropriate for the level of resources, capabilities, and external environment of the organization. Capable - -________ is the model selection criteria that uses factors that are relevant to the organization. We would not expect one model to cover all dimensions of a project, we would want to use models that cover their dimension comprehensively. Flexible - -__________ is the model selection criteria that should provide accurate measures across a reasonable range of conditions. Easy to use - -__________ is the model selection criteria that provides results in a reasonable amount of time. Results should be easily understood by the decision makers. Low cost - -__________ is the model selection criteria that where costs of gathering data and running the model should be low relative to the scale of the project. Comparable - -__________ is the model selection criteria that should be usable across a range of projects such that the outcomes of the model can be used to compare projects. Non-numeric project selection models - -_________ focus on selection criteria that are not limited to traditional numeric performance measures (return on Investment [ROI]