Project management
Project Management Recommendation
Cali Hadafow
OPS/571
May 12, 2014 Project Management Recommendation
Piper Industries Corporation Project Management Recommendation
Dear Project Manager, In response it is to your previous E-mail with the attention of the projects of Juniper, Palomino and Stargazer. The team is found and analyzed the three projects, assessed the risk that each project contains as well as returns on investment (ROI). There are many aspects one should think over when performing an investment decision. These may include the hypothesis of underlying the potential benefits and the ability to calculate and quantify the costs and benefits. However, the team concluded Stargazer Project in the best option comparing to other two projects. The logic behind for not selecting the other two projects is that juniper’s risk of completion of the project on time is low. While is Palomino not valued at with the medium risk of completion and the uncertainty of the costs of the products. The procedure used for reaching the decision was by utilizing the feasibility study. In addition to that, the feasibility study was based on the information observed the team during the initial stage of the project. This will define and summarize the findings of these projects in a way that supports sound decision making. The reason of introducing the feasibility study is to provide reliable analysis for the project that will make sense to the company in general. Furthermore, it will answer several important questions concerning of the project these may include length of the project, benefits and risks and Return on investment (ROI) to Piper Industries. Introducing the feasibility study for both Juniper and Palomino projects, materials introduced would not present as with the Stargazer model. Although is Stargazer carries the highest risk comparing the other projects. The team believes bases on the analysis that it provides
Cali Hadafow
OPS/571
May 12, 2014 Project Management Recommendation
Piper Industries Corporation Project Management Recommendation
Dear Project Manager, In response it is to your previous E-mail with the attention of the projects of Juniper, Palomino and Stargazer. The team is found and analyzed the three projects, assessed the risk that each project contains as well as returns on investment (ROI). There are many aspects one should think over when performing an investment decision. These may include the hypothesis of underlying the potential benefits and the ability to calculate and quantify the costs and benefits. However, the team concluded Stargazer Project in the best option comparing to other two projects. The logic behind for not selecting the other two projects is that juniper’s risk of completion of the project on time is low. While is Palomino not valued at with the medium risk of completion and the uncertainty of the costs of the products. The procedure used for reaching the decision was by utilizing the feasibility study. In addition to that, the feasibility study was based on the information observed the team during the initial stage of the project. This will define and summarize the findings of these projects in a way that supports sound decision making. The reason of introducing the feasibility study is to provide reliable analysis for the project that will make sense to the company in general. Furthermore, it will answer several important questions concerning of the project these may include length of the project, benefits and risks and Return on investment (ROI) to Piper Industries. Introducing the feasibility study for both Juniper and Palomino projects, materials introduced would not present as with the Stargazer model. Although is Stargazer carries the highest risk comparing the other projects. The team believes bases on the analysis that it provides
References: Chase, R. (2011). Operations and supply chain management (13th ed.). Boston, MA McGraw – Hill Irwin .. Jacobs, F. R., & Chase, R. (2011). Operations and supply management (13th ed.). Boston, MA: McGraw-Hill Irwin Project Management Recommendation Email [Multimedia]. Retrieved from University of Phoenix, OPS/571 Operations Management website.