Program Management Professional (PgMP) — Question 347

You are the program manager for your company and evaluating the sellers to determine the seller to buy from. In your analysis you've created a histogram to display the pros and cons for each seller. You've created five categories of interest and assigned values to each category for each vendor. Your five categories are:
✑ Cost
✑ Schedule
✑ Experience
✑ Certification
✑ Warranty
Each category has a different point value and the vendor that receives the maximum points in total will win the contract. What type of seller evaluation are you performing?

Answer options

• A. Monte Carlo simulation
• B. Expert judgment
• C. Weighted scoring model
• D. Benchmarking

Correct answer: C

Explanation

The correct answer is C, the Weighted scoring model, as it involves assigning point values to various criteria to evaluate sellers objectively. Options A, B, and D are not suitable because Monte Carlo simulation focuses on risk analysis, expert judgment relies on subjective opinions, and benchmarking compares performance against industry standards rather than scoring multiple vendors.