Project management Essay

963 WordsNov 9, 20144 Pages
Project Management Recommendation Cali Hadafow OPS/571 May 12, 2014 Project Management Recommendation Piper Industries Corporation Project Management Recommendation Dear Project Manager, In response it is to your previous E-mail with the attention of the projects of Juniper, Palomino and Stargazer. The team is found and analyzed the three projects, assessed the risk that each project contains as well as returns on investment (ROI). There are many aspects one should think over when performing an investment decision. These may include the hypothesis of underlying the potential benefits and the ability to calculate and quantify the costs and benefits. However, the team concluded Stargazer Project in the best…show more content…
To mitigate the risk the team will search an alternative to reduce the operating costs as its forecasted the derivative product will cost more. The fundamental decision of the big- picture is what mix of projects is best for the organization. A company must have the right mix of the projects that extremely assists the company's strategy. This can be aligned Stargazer model because of the research and the development previously started for the new widgets as well the significant changes that will provide modern markets. (Jacobs & Chase, 2011). Break- Even Analysis Break - even analysis helps to provide reliable information between sales and profits as well as the costs. It also contributes an analysis the amount of success of the project must achieve. Finally, the approach presents to organizations a benchmark to compare a process or a project to what level of operating leverage will create better profits. However, comparing the projects' Stargazer is the most likely project that will create the highest revenue. (Jacobs & Chase, 2011) The five phases of project planning A project is a set of activities that normally coordinate toward some major output and planned considerable period of time to carry out. In the meantime, project management is described as planning, directing, and
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