The Red Zuma Project

These challenges, awareness, availability, accessibility and affordability are the obstacles that stand in the way of a product being successful or not. If appropriately traversed, the company can expect to see huge profits. However this can only be done through a very thorough understanding of this unique market and the appropriate application of practical and pragmatic marketing strategies.

* Its so-called innovative or revolutionary products do not gain the company as much credits as Samsung or Apple does. The market will test its ability to

The short product life cycle in this industry requires competitors to continuously evolve. This continual innovation is difficult for new entrants to achieve. Also, existing products, such as Apple’s iPhone, have built brand loyalty and associated switching costs for consumers, which pose as barriers to entry for new competitors.

By sorting the timeline in months I can’t get a clear idea of how you will accomplish the project in this course. “The Timeline must be consistent with the milestone dates noted in the Project Objectives and is open to revision”.

It demonstrates the workflow behaviour of a system which describes the state of activities by showing the sequence of activities performed in different order. The diagram has branches and forks to describe conditions and parallel activities.

Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product’s potential success. The analysis will focus on your primary competitor in the product’s market.

Step 1: Construct a network diagram for the project. (NOTE: EF for activity H should be 19)

The critical activities are not behind schedule and the task the critical tasks are dependent on “Slab on Grade” is complete. Since the critical tasks are not behind schedule it is not safe to assume that the project will complete on time.

We discussed in the previous theme the development of a market and how to determine if a product fits or if it needs alteration. Now, we look at the product in the marketplace and how long it can survive.

In today’s business world, competition is a big concern for nearly every corporation. The competition on the market is getting stronger and more difficult to overcome, in many situations corporations terminate their products, production, or their services, just because it is impossible to continue; the cost is too high to focus on gathering development projects in marketing, production, market research, and product innovation, to fight against the competitors.

• Prepare a 1,400- to 1,750-word paper that adds to the project begun last week. Check to ensure the project’s triple constrains are still valid. Address the following items in your paper: o Phase I – Update SOWa. • Using the SOW from last week, review and update it based on course material acquired during the last week. Include in the update the SMART requirements for the project. 1) • Identify the specific tasks required to complete each item listed on the SOW. Identify the resources required to accomplish each task.2) o Phase II – Project Schedule and Budget Update b. • Arrange the tasks into a schedule that takes into consideration the required dependencies between tasks. Computerized project management software is required. 1) • Present the schedule in either PERT or Gantt chart format. Identify the critical path through the network. 2) • Review the network results and compare to the project’s triple constraint. Specifically compare the following: 3) o Timing o Budget o Project specifications (scope and SMART)

The team has stated the project’s objectives, defined deliverables, established milestones and technical requirements, which help define the project’s scope and establish priorities. With the imposed deadline, completion of the project on time should be the project’s top priority and thus becomes the

Placing the events in a Gantt chart will help clarify and organize the events, the order in which they will occur, as well as any preceding activities that must be accomplished. Table 5 shows the project 's normal conditions, their timeframes and associated costs. As noted, normal conditions require 50 weeks to complete and therefore, cannot be used. Table 6 is a similar chart showing the project under ultimate crash conditions. As mentioned earlier, the project can be accomplished in as little as 42 weeks if every activity is crashed. This scenario is not desired however, because the project 's budget then approaches $5 million in associated costs, over 50% beyond the original allotted expenditure.

Next disadvantage is that market pioneers will face market and technology uncertainties, which is a primary reason of failure for startups. Lastly, a shift in customer’s needs is required in order to create demand for the market pioneer’s new product or

Proper following and acknowledgement of the timeline is vital to the success of this project. If the project goes overtime, it can cause serious budget mess-ups and furthermore delays.