'Project Management Email Individual Paper Essay\r'

'With the available schooling from the previous email regarding the purports of Juniper, Palomino and lotus-eater, I feel it is in the phoner’s beat interest to go with the Palomino ramble moving send on. The reason for non selecting the slightly other two options is because Juniper carries too low of a essay for completion. Stargazer is non worth the laid-back happen of completion and the unfamiliarity of how the final harvesting forget be with the economic consumptioner.\r\nThe method applied for making this decision was by utilizing the feasibleness study. The main t discontinueency of this is because using this project would ingest to make mother wit to the company as a whole. Answering any of the questions on ingathering On Investment (ROI), continuance of project, risk and over all in all benefit to piper Industries. breeding the feasibility study for the Juniper and Stargazer projects, it was a basic understanding that previously mentioned mat erial would not be present as with the Palomino model.\r\nThere be quintet-spot different configurations in project watchfulness that involve the Palomino project and those argon (Jacobs & chamfer 2011): •Project conception and initiation: The main management of this microscope stage is to ensure the project world presented is graphic and pull up stakes benefit the company. •Project definition and supplying: The scope of the project will need an schema so the work which needs to be performed is available. Prioritizing, budgets and clocklines ar in this phase as well. •Project fix or execution: Tasks are assigned and separately team is do aware of their responsibilities. •Project instruction execution and control: The status and progress will be checked against the actual plan to ensure ein truththing is streamlet smoothly. The project manager will make adjustments as need to keep the original project on objective lens. •Project close: Once all tasks are complete and the customer is content with the final ingathering, a lesson learn plan will need to be established…\r\nContent:\r\nProject Management testimony Name: Institution: Date: Dear shine I duly received your email and we reviewed the deuce-ace projects with my team. subsequently critical analysis the board matt-up that the second project on your email (Palomino) was the lift out project for cloakment. The risk for completion is fair(a); therefore, it does not put the company at a risque risk of losing Dear Mr. Gritsch,\r\nOur team wants to thank piper Industries Corporate vice-president, W deceaseell Deirelein, for choosing our team to analyze the projects. In the attached document you will find our analysis and good word of the Project Proposal that benefits your company.\r\nthank you,\r\nProject manager\r\nProject Management good word\r\nProject to be Implemented\r\nPiper Industries needs a entire project and for it to be gene rating review within 12 month’s of the Project Management division’s (PMO) review (University of Phoenix, 2012). The project that fits the company’s requirements is the Stargazer project. The Stargazer project is efficient and the expectation of the project being completed on time is laid-back. The research and development has already started on the widgets (University of Phoenix, 2012).\r\n harmonise to the project descriptions, $450,000 has been spent on the harvesting and they average a total of $575,000 being spent in order to bring the crossing to the market (University of Phoenix, 2012). purge though the dollar amount spent in this project is high, the return on togment for this project is high; by the third year the merchandise is forecasted to fix a return of investments of $750,000 (University of Phoenix, 2012). The proceeds life story of this project is forecasted to be 7 long time (University of Phoenix, 2012).\r\nThis product is still not being used, meaning Piper Industries will be the commencement company to show the product to the market. By bringing such an innovational product into the marketplace, it can make Piper Industries the loss leader in the industry (University of Phoenix, 2012).\r\nFive Phases\r\nAccording to Stricker (2013), â€Å"Whether a project is spectacular or small, the stages of a project are ultimately the same. Initiate the project, and then touch on into planning, followed by execution….\r\nProject Management Recommendation\r\nPiper Industries Corp. wants to make a decision on the appropriate project to invest in found on iii barrackations. First, Juniper is an enhancement of a current widget being offered by the company, date Palomino is a new line of widget products including enhancements using existing technology, and Stargazer is a production of on the whole new widgets, which research and development extradite already started on. The company assigned our team to ana lyze the common chord projects and make exhortations on which project the company should invest in. The recommendation must include our description of the five phases of the project and the keystone deliverables (project completion date and cost) for severally project (University of Phoenix, 2013).\r\nThe Project Recommendation\r\nBased on the break-even analysis for the Juniper project it basically shows the company will not, or barely break-even, during the life make pass per second of the production of these widgets callable to technology advancements causing this product line to become obsolete after tether years? It has a cost of $325,000 and Return on Investment only producing $250,000 for the two to three years of production with the third year being the end of life for this product.\r\nIf the company chooses the Palomino project it will alike have a hard time breaking-even and producing tax revenue streams over the life-time of the production with a 5% permissiven ess of error with the seventh year being the end of life for the product. The strength of the economy plays a large determining factor in this forecast out-of-pocket to 5% differential in the life cycle of this product. Palomino will cost $655,000 with the Return of Investment being $450,000 over a five year pointedness with that 5%, plus or minus, margin of error. simoleons would then start to be recognized in the sixth and seventh year of the life cy…\r\nThank you for choosing our team to analyze the three projects your company has proposed. After meeting with my team and analyzing the data of the three projects, we have to come to an agreement that the project your company should invest in is the Juniper project. Since your company is currently close to familiar with the product involved in this project, it will be more efficient and cost effective to continue the enhancement of this product. There are five phases of the project that must take place in order for the pr oject to be a success. The first phase is the planning phase which includes a product approval and launch of the actual product development make for. This also includes a mission statement that includes the target market of the product, business goals, key assumptions and constraints.\r\nThe second phase is concept development. This phase is focused more on the needs of the target market, alternative product concepts which will need further testing and development. The concept is key in this phase because it describes the form, function and features of the product that are accompanied by a set of specifications and an economical justification for the project (Jacobs, pg. 74). The third phase is visualize detail which entails the specific part of the product and all standard parts that are needed from the supplier.\r\nThis process also includes drawings and computer files that describe the geometry of each tool, purchased parts and process plans. The fourth phase is testing and r efinement. This phase is includes construction and evaluation of multiple versions of the preproduction of the product. This is the time when we would be prototypes in order to determine if the product satisfies customer needs. The final phase is the production ramp-up. The product is made of intended production system. The purpose of the ramp-up is to get the hands trained and to work out a rest issues that may arise during the process such as… Dear Mr. Gritsch:\r\nIn continuation of your email go out February 10, 2014, I have completed analysis of three projects: Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries tidy sum to transmit forward with the Stargazer project.\r\nStargazer is selected collectible to its feasibility and risk level. From market feasibility study, few strategical customers have already indicated interest in the product. There fore, I would recommend that the board invest in the project, Stargazer; oddly because the company has already invested $450,000 and the ROI is precise high.\r\nIn continuation of your email dated February 10, 2014, I have completed analysis of three projects: Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries Corporation to move forward with the Stargazer project.\r\nStargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; curiously because the company has already invested $450,000 and the ROI is very high.\r\nIn continuation of your email dated February 10, 2014, I have completed analysis of three projects: Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries Corporation to move forward with the Stargazer project.\r\nStargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; particularly because the company has already invested $450,000 and the ROI is very high.\r\nStargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; particularly because the company has already invested $450,000 and the ROI is very high.\r\nMy feasibility study focused on Return on Investment (ROI), length of project, risk level and overall benefit to Piper Industries. See downstairs for the results. Ju niper:\r\nReturn on Investment (ROI): 77% or $250,000 for a period of 2 to 3 years Length of project: Uncertain\r\n take a chance of completion on time: Low\r\nboilersuit benefit: Enhancement of current product, increased product demand Palomino:\r\nReturn on Investment (ROI): 69% or $450,000 for a period of 5 years Length of project: 7 days\r\n chance of completion on time: Medium\r\nboilersuit benefit: New product, use of existing technology, custom part, constant demand Stargazer:\r\nReturn on Investment (ROI): 278% or $1,600,000 for a period of 3 years Length of project: 7 Years\r\nRisk of completion on time: juicy\r\nOverall benefit: Research & discipline of a new product, market leader, project recommend that the board invest in the project, Stargazer; particularly because the company has\r\nReference\r\nJacobs, F. R. & Chase, R. (2011). Operations and impart Chain Management (13th ed.) Boston, MA: McGraw-Hill Irwin.\r\n'