The Investment Detective

The first project proposal is Match My Doll Clothing line expansion consisted of expanding matching doll and child’s clothing and accessories. The second project proposal is Design Your Own Doll by creating customizable “one of a kind” doll features through the company’s website. The project selection criteria would base on quantitative and qualitative analysis. The quantitative analysis would base on the evaluation of discounting cash flow forecasts to determining the Net Present Value (NPV), Internal Rate of Return (IRR), and the Payback period of each proposed project. The qualitative analysis would include the potential project value of the company’s overall strategy, innovation, key project risks, and the project interdependencies to the whole company.

The Randburg Syndicate Group (RSG) evaluated the case study of Multi Projects Inc. (Gido, page 452 – 454) and came to the following consensus:

All projects are defined by the purpose, objectives and deliverables. Properly defining these, as well as the other aspects of the project management plan will

Project Task I scheduled finish week is found by adding task B(7 weeks) plus task F(10 weeks) plus task G(6.5weeks) plus task I(6.5weeks) which equals the 30th week of the 33.5 week project.

No prioritize of projects will cause the risk of important case not solve in time.

Each of these projects would be completed in phases and help centralize most of the processes

If exactly 3 projects are to be selected from a set of 5 projects, this would be written as 3 separate constraints in an integer program.

(Project definition: Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations)

The two projects, Merseyside and Rotterdam, are mutually exclusive because accepting one project will result in a higher level of output at that plant, but will incur a loss at the other plant. By accepting both projects the company, Diamond Chemicals, would achieve a 14% increase in output. However, based on forecasted demand by strategic analysts, the 14% increase does not make sense, but an increase of 7% does. Therefore both these projects seem to be mutually exclusive because each would attain the 7% increase.

later in the project life. With a NPV of less than -$810,000, Scenario 6 is the project with the

implications and severity of these projects. Therefore, I do not think the IT department should

The case of the Investment Detective laid out the cash flows for us in each of eight different projects. Before doing any calculations we came up with the assumption that we could not rank the projects simply by inspecting the cash flows.

b. Independent projects are ones that can both be accepted without either affecting the other. Mutually exclusive projects are ones that if one is accepted the other must be rejected.

A key activity in project management is assessing project constraints. A project has three limitations: scope, budget and schedule. These limitations are project constraints because they are sensitive to change and have an impact on project risk. Risk is exposure to uncertain outcomes. Project constraints are mutually exclusive. If one constraint changes it affects the others and adjustments may be required to compensate and manage risks. For example, a delay in the schedule can increase the risk that the project will not finish on time. Time is money and delays have a negative impact on the budget. To

Project Requirement: As per project requirement as a team we need to select a project based on different criteria like timing of project, complexity, probability of success and enjoyment of team. We need to execute the project as per the project management methodology and prepare different documents during life cycle of the project starting from initiation, planning, execution, monitoring and control and closure. One of the team member has to take leadership role of project manager and guide the team during project execution. At the end of semester we need to submit a project notebook with detailed summary of project and different documents generated during project.