Project Management Email Essay

In response to your email, our team up has female genitalsvas each send. In your email, you express that the selected job should generate revenue in spite of appearance 12 month of next weeks PMO Review. You also stated that we should also consider the degree of risk involved with on-time completion, the critical class requirement and cost, and the effective life cycle and forecasted ROI. In fix up to make believe a recommendation, we took into account the scope of each stray and whether it go forth bear upon the desired outcome, within your desired constraints.PROJECT JUNIPERThe critical pathway for formulate Juniper would be six months, which would be October 2015. The cost associated with this project would be less than the others, $325,000 however, the potential revenue is unaccompanied $250,000. In addition, its break-even story is slightly less than three years, with a forecasted life cycle of only 2-3 years.PROJECT PALOMINOThe critical path for understand Pal omino would be nine months, which would be January 2016. The costs associated with this project would be $655,000, with revenues as low as $450,000. However, victimization a 5% margin of error, this could be more pro tote upable with its break-even geological period of seven years. The issue we atomic number 18 worried about is that this would also be the end of the projects life of seven years.PROJECT lotus-eaterThe critical path for Project Stargazer would be ten months, which would be February 2016. The costs associated with this project would be $575,000. The break-even point is one and a fractional years, with a seven-year life cycle. In addition, the company has already started on the look for of the widgets, allowing the company a faster start up time, which give fit into the 12-month timeframe given. Even though the risks may be higher, the technology of this project forget help dilute the risk, as well as the ability to join on price using skimming price strategy . This project is innovative and can have various modifications, which will enable the company to satisfy a larger customer base. Our team recommends Piper Industries to accept Project Stargazer. fiver PHASES1. Concept Development/Project Conception Data of customers needs will be collected, competition will be identified, and the view for a project will be carefully examined to determine whether or not it benefits the organization. During this phase, feasibility, risk, and return on investment will be analyzed. The project is already at this stage, with the research and the costs being well documented. 2. Project Planning This tint is the most important step. The team will set on a budget, set timelines, and identify available resources, materials, and expertise to go steady on-time delivery, clarify roles and responsibilities, and identify roadblocks. A project plan, project charter and/or project scope may be put in writing, which will outline the work to be performed. The t eam will prioritize, calculate a budget and schedule, and determine what resources are needed.3. Project Execution The project motorbus clarifies roles and responsibilities, timelines, and individual deadlines. There is constant communication to ensure tasks are completed on time and to specification. For this project, execution will take place 12 months after the PMO meeting. 4. Project Performance and Control The project manager monitors timeline, plan, and team movement. They will also conduct review meetings and periodic project performance reports to review the budget.The project managers will also compare the status of the project to the actual plan to keep the project on schedule. If there are make out constraints affecting project success, the necessary adjustments will be made. This step is necessary to improve quality, delivery time and the launch timings for market capture. 5. Project Close This is the final phase of the project. Project tasks are completed and the knob has approved the outcome. An evaluation can be done at this point, along with closing all contracts and settling all bills. Documentation can be used for future projects. The project team is released.KEY DELIVERABLESAside from the dates and costs mention about, the project team decided on five key deliverables for Project Stargazer. They are as follows 1. To launch the new line of widgets quickly, infiltrating into an active competitive market. 2. Increase revenues, utilizing modifications and increasing sales during the maturity stage. 3. The team will provide product testing and analysis, meeting client requirements 4. In order to gain and/or retain reluctant customers, increase the product life style and hold as a market leader. 5. Use customization to highlight the flexibleness of the widget and introduce new products.REFERENCESJacobs, F.R., & Chase, R. (2011). Operations and supply chemical chain management (13th ed.). New York, NY McGraw-Hill Irwin. Nestor-Harper, M. (n.d.). Tasks in the Five Phases of Project Management Chron.com. Retrieved April 24, 2014, from http//smallbusiness.chron.com/tasks-five-phases-project-management-52690.html