Os 571 Project Management Research Paper

700 Words3 Pages
Project Management E-mail Brittanie Nye University of Phoenix OPS/571 Gary Waterman May 1, 201 Mr. Deirelein, I have received your project proposals for review. We are excited to assist you in choosing a project that will help the company grow. Listed below you will find the key deliverables for each project, our recommendation, and the 7 project management phases that will assist you on your journey to success. Key Deliverables: The Juniper project offers a low risk, low reward. The critical path is 6 months at a cost of $325,000, allowing your company to begin generating revenue in 6 months. However the ROI on this project is $250,000 over a 2- 3 year span. The company is looking at a revenue of about $100,000 for 2.5 years before…show more content…
The critical path is 9 months at a cost of $655,000, with a ROI of $450,000 over a five year span. The forecasted revenue of the Palomino project is $90,000 for a period of five years. The end of life of this product s expected to be within 7 years. The Stargazer is a high risk, high reward project. This project will require an additional cost of $575,000 to bring the product to market. The forecasted ROI on the Stargazer project is $300,000 first year; $550,000 the second year; and $750,000 the third year. This product has an expected life of 7 years. Releasing this product will result in the company being seen as a leader in the industry. While there is not a critical path listed for the Stargazer project, I anticipate being able to complete the project within 12 months to ensure that the company is able to generate revenue on the schedule…show more content…
I came to this decision by using the feasibility analysis. The Juniper programs risk is too low to be competitive in the current market. The Palomino project does not have they reward to match the risk involved in the project. The ROI on the Palomino project would be $9000 per year for 5 years. The Stargazer, while it is the highest risk project, offers the most reward for the longest period of time. The Stargazer will not only make the company a leader in the industry but it also has the highest ROI of $300,000 first year; $550,000 the second year; and $750,000 the third year. While the risk to finish this project is high I am confident that we can pull together and make this project a huge success. Project Management Phases There are 7 phases of project management that will need to be followed in order to stay on task and focused on the Palomino project. This is a rough outline of what needs to be done at each stage. This list will become more detailed as the project begins. 1. Planning a. Brainstorm designs for the widget b. Find vendors for the

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