Final answer:
The two main benefits of using a multi weighted scoring model are its adaptability to assess different project attributes based on their importance and its ability to enhance informed decision-making by quantifying and prioritizing various criteria.
Step-by-step explanation:
The two significant benefits of using a multi weighted scoring model to select projects are as follows:Adaptability and Sensitivity to Different Attributes: This model allows decision-makers to assign different weights to various criteria based on their relative importance, which could reflect an organization’s strategic objectives, resource availability, risk appetite, etc.
This approach provides a granular way to evaluate projects, highlighting the importance of such attributes as efficiency and transportation capability that are often valued more than others like acceptance or the ability to produce heat.Informed Decision-Making: Using a multi weighted scoring model leads to more informed decision-making. By quantifying and prioritizing different criteria, a decision-maker can appreciate the complexity of project selection and be guided into making choices that align with broader goals. Additionally, this model can expose potential gaps in considerations, helping to avoid oversight.The multidimensional nature of the model, with its ability to account for a diversity of factors and provide a structured method for project evaluation, is particularly beneficial when dealing with complex decisions.