Project Management Determine Which Project Might Be Essay

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Project Management

Determine which project might be implemented and why (e.g. feasibility study or breakeven analysis etc.)

The project which has the potential to provide the greatest return is Stargazer. Using a feasibility study, this will offer the firm with a number of benefits that will help it to increase its bottom line results. This is occurring with the ROI rising by 56% in three years. Over seven years, is when the firm will realize an ROI of 130.40%. ("Project Management Email," n.d.)

Moreover, it has been going through continuous research and development. This increases the likelihood that it will be completed on time. When this happens, the firm will have fixed costs and can be the first in their industry to introduce it to the marketplace. These variables will have a positive influence on the brand images of the company by demonstrating how they are the leader inside the sector. This will enable mangers to improve customer perceptions about the product and quality. These variables will contribute to an increase in sales over the long-term. ("Project Management Email," n.d.)

This is best choice in contrast with Juniper and Palomino. As Stargazer has greater rewards and can offer the firm with fixed costs which will not change.

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Moreover, the product life is longer and the company can utilize this to gain a competitive advantage inside the marketplace. ("Project Management Email," n.d.)

Describe the five aspects of the project

The five aspects of the project include: research / development, marketing, distribution, customer support and adapting to changes in the marketplace. Research and development is concentrating on creating a product which is innovative and can address the demands of consumers. This will allow the firm to standout and offer cliental with something more. When this happens, the organization can be the first to introduce it. This will lead to increased sales and it improves their image as the industry leader. ("Project Management Email," n.d.)

Marketing is focused on showing consumers the way the product will address their needs. This involved illustrating the benefits, how it will make someone feel and the price. These factors will serve as an avenue in helping to promote the merchandise by meeting specific demands. ("Project Management Email," n.d.)

Distribution is when the firm will ensure that the stores and supplies have lots of merchandise available. At the same time, they are concentrating on shipping them to locations….....

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