After last week’s presentation, the board of directors wants to continue consideration of a new webstore for Pine Valley Furniture. The board has asked you to assist them in selecting and initiating which project to do. They are considering a webstore for one of their three target markets:
o Corporate furniture
o Home office furniture
o Student furniture
The board wants you to help them determine which project to select and get started on the planning process.
Explain four methods for identifying and selecting IS projects. Compare the characteristics of each and identify the strengths and weaknesses of each method.
Identify valuation criteria when classifying and ranking the three projects, and then rank them.
Summarize the project initiation and planning process so the board knows the next steps.