Review the Project Management email.
Write an email response in which you address the following points:
Determine which project might be implemented and why (e.g. feasibility study, breakeven analysis, etc). Describe the five phases of a project Describe the key deliverables associated with the selected project(s). Project Management E-Mail
Dear Project Manager:
Project Code Name: Juniper
• This is an enhancement of a current widget being offered by our company. • Risk of completion of this project on time is low. • Product plan shows the critical path to be 6 months at a cost of $325,000 to bring the product to market. • Product is forecasted to have a ROI of $250,000 for a period of 2 to 3 years. • The third year is forecasted to be the end of life for this product line due to advances projected in technology. • This is a standard product line that marketing believes many customers will want to purchase. Project Code Name: Palomino
• This is a new line of widget products including enhancements using existing technology. • Risk for completion of this project on time is medium. • Production plan shows the critical path to be 9 months at a cost of $655,000 to bring the product to market. • Product is forecasted to have a ROI of $450,000 for a period of 5 years. • This product will be a custom part for one of your strategic customers—historically the forecasts from this customer have a 5% margin of error. • The seventh year is forecasted to be the end of life for this product by the customer. Project Code Name: StargazerMore on This Topic…...
• Research and development has already started on our new widgets. The company has spent $450,000 on this product so far and the estimate to bring this product to market is $575,000. • Risk of completing this project on time is high. • Product is forecasted to have ROI of $300,000 first year; $550,000 the second year; and $750,000 the third year. • The product life is forecasted to be 7 years for this product. (This forecast included derivative product which will cost more). • By delivering such an innovative product to the market place first, your organization will be seen as a leader in this industry. • Your sales and marketing teams have discussed this type of product with a few of your strategic customers; while some are interested, there are many questions about the business
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