Project Management Email
- Submitted by: kjohns4
- Views: 945
- Category: Other
- Date Submitted: 10/17/2014 01:41 PM
- Pages: 2
- Report this Essay
Project Management Email
Project Management Recommendation
Kyra M. Johnson
OPS 571
Dr. Harry Caldwell
September 17, 2014
Project Management Recommendation
To: Wendell Deirelein
From: Project Management Review Team
Subject: Piper Industries Project Review
Date: September 17, 2014
Mr. Deirlein, the team wants to thank the company for placing such an important project in the hands of the team. As project manager the importance of concluding a favorable analysis is the ultimate goal of the project management team. Upon careful review of the three projects, the team believes the Stargazer project is most beneficial for Piper Industries.
According to the emails project requirements; Piper Industries want to see revenue generating in 12 months. The project appears to appeal to the needs of Piper Industries because Research and development has already started on our new widgets. The company has spent $450,000 on this product so far and the estimate to bring this product to market is $575,000. Risk of completing this project on time is high. Product is forecasted to have ROI of $300,000 first year; $550,000 the second year; and $750,000 the third year. The product life is forecasted to be 7 years for this product. (This forecast included derivative product which will cost more). By delivering such an innovative product to the market place first, your organization will be seen as a leader in this industry. Your sales and marketing teams have discussed this type of product with a few of your strategic customers; while some are interested, there are many questions about the business, (University of Phoenix, 2014).
Despite the elevation in cost of the project, the return on investment is lucrative, despite some risk the organization will benefit for 7 years and because of the newness of the product, Piper Industry will gain tremendous market share power as well as a substantial competitive edge over other companies in the industry.
Project Management Recommendation
Kyra M. Johnson
OPS 571
Dr. Harry Caldwell
September 17, 2014
Project Management Recommendation
To: Wendell Deirelein
From: Project Management Review Team
Subject: Piper Industries Project Review
Date: September 17, 2014
Mr. Deirlein, the team wants to thank the company for placing such an important project in the hands of the team. As project manager the importance of concluding a favorable analysis is the ultimate goal of the project management team. Upon careful review of the three projects, the team believes the Stargazer project is most beneficial for Piper Industries.
According to the emails project requirements; Piper Industries want to see revenue generating in 12 months. The project appears to appeal to the needs of Piper Industries because Research and development has already started on our new widgets. The company has spent $450,000 on this product so far and the estimate to bring this product to market is $575,000. Risk of completing this project on time is high. Product is forecasted to have ROI of $300,000 first year; $550,000 the second year; and $750,000 the third year. The product life is forecasted to be 7 years for this product. (This forecast included derivative product which will cost more). By delivering such an innovative product to the market place first, your organization will be seen as a leader in this industry. Your sales and marketing teams have discussed this type of product with a few of your strategic customers; while some are interested, there are many questions about the business, (University of Phoenix, 2014).
Despite the elevation in cost of the project, the return on investment is lucrative, despite some risk the organization will benefit for 7 years and because of the newness of the product, Piper Industry will gain tremendous market share power as well as a substantial competitive edge over other companies in the industry.