Project Management Recommendation

Review the Project Management Email.Create an 1,050-word analysis and recommendation in" rel="nofollow">in which you address the followin" rel="nofollow">ing: Explain" rel="nofollow">in the five phases of the project. Provide a detailed description of each phase. Describe the key deliverables associated with each of the project options. Analyze each of the projects to determin" rel="nofollow">ine which might be best to implement. Use such approaches as a feasibility study, break-even analysis, etc. Recommend which project to implement and in" rel="nofollow">include a detailed rationale. Format your assignment consistent with APA guidelin" rel="nofollow">ines. email Dear Project Manager: We have three project proposals to consider in" rel="nofollow">in next week’s Project Management Office’s (PMO) Review. Piper Industries Corp. needs the projects to be complete and to be generatin" rel="nofollow">ing revenue within" rel="nofollow">in 12 months of next week’s PMO Review. Wendell Deirelein" rel="nofollow">in, our vice-president, has assigned you to analyze the three projects below and make a recommendation as to which project the company should in" rel="nofollow">invest in" rel="nofollow">in. The recommendation must in" rel="nofollow">include your description of the five phases of the project and the key deliverables (project completion date and cost) for each project. Project Code Name: Juniper • This is an enhancement of a current widget bein" rel="nofollow">ing 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 brin" rel="nofollow">ing 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 lin" rel="nofollow">ine due to advances projected in" rel="nofollow">in technology. • This is a standard product lin" rel="nofollow">ine that marketin" rel="nofollow">ing believes many customers will want to purchase. Project Code Name: Palomin" rel="nofollow">ino • This is a new lin" rel="nofollow">ine of widget products in" rel="nofollow">includin" rel="nofollow">ing enhancements usin" rel="nofollow">ing existin" rel="nofollow">ing 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 brin" rel="nofollow">ing the product to market. • Product is forecasted to have 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" rel="nofollow">in of error. • The seventh year is forecasted to be the end of life for this product by the customer. Project Code Name: Stargazer • 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 brin" rel="nofollow">ing this product to market is $575,000. • Risk of completin" rel="nofollow">ing 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 in" rel="nofollow">included derivative product which will cost more). • By deliverin" rel="nofollow">ing such an in" rel="nofollow">innovative product to the marketplace first, your organization will be seen as a leader in" rel="nofollow">in this in" rel="nofollow">industry. • Your sales and marketin" rel="nofollow">ing teams have discussed this type of product with a few of your strategic customers; while some are in" rel="nofollow">interested, there are many questions about the busin" rel="nofollow">iness. Sin" rel="nofollow">incerely, Ray Gritsch Piper Industries Corporation