I need to provide a project plan on a New Product for an Indian power company called HuskPower Station. The new product that I came up with is a powerwall battery cell for home use, The projecty needs to identify the following:
Economic Fit: Describe how the planned new product or service is a good fit for the organization from a financial perspective. Discuss the economic feasibility of the project.
Operational Costs: Identify the costs surrounding the manufacture of the product or any unique manufacturing or service-related requirements to support the new product or service. This may include leveraging operational tools and techniques to forecast material needs and staffing levels such as inventory turns, holding costs, weeks of supply, economic order quantity, resource plans, or other standard approaches.
Benefits: Estimate the potential benefits of the new product or service, leveraging a standard estimating approach and noting confidence levels.
Cost Justification: You must prepare a cost/benefit analysis for the new product or service at a minimum. You may also leverage other financial justification approaches such as IRR, ROI, or break-even.
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