preview

Rt Executive Summary

Decent Essays

The main business objective for the FT Company is to be operating in the first fiscal year of its establishment, to enable a steady ongoing growth over the first three years. From year one onwards the FT Company forecasts to have a profitable outcome. In order to achieve this, the following objectives are established:

• Develop and launch the first product of the company, within the first 3 months of operation.
• Use marketing and research, to enable a monthly sales average of 8% per month, after launching the initial product.
• Produce quality products at competitive prices globally for Wholesalers, Retailers, Fishing Groups and Associations.
• Sell over 2000 units by the end of the first fiscal year, to raise a profitable net income of …show more content…

Business to attain a sales growth of 25% over the first three years, build positive returns, growth for the business and higher dividends for investors.

2.3 Project Goals and Objectives
The established project goals and objectives, for the RIT Company’s web and mobile application development project are to accomplish:
• Developing and integrating both iOS and Android mobile applications, with an electronic fishing reel product from the FT Company.
• Developing and synchronising of a web application, with support of a server, to the mobile applications.
• Creating and updating user profiles, and making features available to users with regards to conducting fishing activities.
• Providing the opportunity for future generation fishing enthusiasts, to develop a greater interest, and engage in the fishing activity, with new technologies in sight.
• Accomplishing the project goals within the set period and budgeted forecasts.
• Capturing and facilitating data resources for customer overviews in project development, to enable end user input towards the design.
• Achieve the Planned Applications cost value of …show more content…

The applications will enable simplicity in the conduct of the fishing activity, be functionally easy to use, and be actively more fun and exciting. The project’s outcome will be Android and iOS applications for smartphones, and web application development. The idea of the web and mobile application development project requires the scope of the project to include, the completion of all documentation, application development and testing, user manuals, user-training guides, and final reviews of these applications. The project closure will occur when the Android, iOS and web applications are executed and transitioned to the FT Company, for the product manufacturing to take place (Opawole & Jagboro,

Get Access