Project Management E-Mail Essay

Our police squad was chosen by Mr. Wendell Deirelein, VP, to analyze ternary send offs and give a recommendation of what company, genus genus genus genus Piper Industries Corp., should invest in. Our recommendation lead include our selected forecast, a description of the five grades of the project and the key deliverables. Piper Industries Corp needs a completed project that would generate receipts within 12 months for the Project Management Offices. After much review and evaluation we necessitate selected the Project Code name stargazer as the project for investment next week by Piper Industries Corp., The lotus-eater project has a massive research, and development on their tender widgets, the company has spent $450,000 on this intersection and an estimated to bring in $575,000. Stargazer leave alone be implemented by using the feasibility study. The feasibility study shows that this project has been evaluated and analysis of the potential of proposed project. Altho ugh, this product is not in production yet an extensive investigation and research to support the function of decision- making.The strengths and weaknesses of this proposed venture, opportunities and threats to carry out this project for its success. The feasibility is the cost required and the determine attain to be successful. The risk of completion this project on sentence is high which will generate revenue within the 12 months. Our team feels that Stargazer will be an innovative money maker for Piper Industries Corp. The five arranges of project management need to be fulfilled for a successful project. We have reviewed each physical body and found that the following in regards to the Stargazerproject. Project initiation was completed by the feasibility studies, this project was named and defined, sponsors and stakeholders are deciding if they want to participate in this project. During the project grooming phase, Stargazer has developed a plan for cost, scope, time, quali ty, communication, resourcefulnesss, and risk. This project is this first of its large-hearted in the industry, therefore Stargazer will be seen as a leader in the marketplace.In the Project Execution phase, the project deliverable is developed and completed. This phase along with the project monitoring and control phase go hand in hand and are performed simultaneously. In this phase status meetings, project development updates, status reports, execution of instrument reports and human resource development are completed. The stargazer project product life is forecasted to be seven years for this product. Measuring Stargazers project performance and progression, calculating key performance indicators for cost and time to measure the stagecoach of variation if any and in which case corrective measures are through in the project monitoring and control phase.Stargazer project is forecasted to have an ROI of $300,000 for the first year $550,000 the second year and $750,000 the third year. The final phase of the project management is the project closure, in this phase tasks such as making the delivery, relieving resources, reward and recognitions of all the team members and the termination of contractors that were involve in the project. Piper Industries Corp. will have a closure ceremony for the project we selected and recognize all team members that took part in the planning of Stargaze, Piper Industries Corp. will host a launch party to announce that we will invest in Stargazers new widget product to be introduced into the marketplace in June, 2015.