Project Management Recommendation Essay

Dear Mr. GritschIn continuation of your email dated February 10, 2014, I take a leak effected analysis of three go steadys Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best pertain of genus Piper Industries flock to move forward with the Stargazer ramble.Stargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the dialog box invest in the support, Stargazer particularly beca role the company has already invested $450,000 and the ROI is very high.My feasibility study concentrate on Return on Investment (ROI), length of intent, risk level and overall benefit to Piper Industries. See below for the results.JuniperReturn on Investment (ROI) 77% or $250,000 for a halt of 2 to 3 years Length of construeUncertainRisk of completion on snipLowOvera ll benefit Enhancement of current product, increased product demand PalominoReturn on Investment (ROI) 69% or $450,000 for a period of 5 years Length of brook 7 YearsRisk of completion on timeMediumOverall benefit New product, use of existing technology, custom part, constant demand StargazerReturn on Investment (ROI) 278% or $1,600,000 for a period of 3 years Length of project7 YearsRisk of completion on timeHighOverall benefit Research & Development of a new product, market leader, project in-progressFive Phases of a come acrossA project can have any number of phases depending on how you break it down. A project for land reclamation in dump site would probably have three phases such(prenominal) as1. Facility Decommissioning Phase2. Waste removal phase3. Landscaping Phase. mend a project involving the building of a new factory may contain four phases such as1. Environmental Impact Assessment Phase2. Design Phase3. Construction Phase4. committal Phase.It is therefore assumed that what is been referred to here as five phases of a project is what is known in project management as process groups. The following phases / process groups provide be used to complete the project1. Project conception and initiationThe conception of the project is that the project is a new line convenience product including enhancements through the use of existing technology. The initiation of this project will be upon the panegyric of the project by the CEO.2. Project definition and planningStage two of the project is making a project plan. The project plan will be completed by the project team up with the consultation of the technicians and experts. The project plan will be in writing and will be well defined.3. Project fix or executionThe project plans and task will be discussed amongst all team members and the task will be divided among the project team.4. Project performance and controlThe project manager will be the leader of the project. His or her task will be to monitor p erformance and control. All project team members are responsible in evaluating each other and helping the team to perform better together.5. Project closeThe project will be closed only upon completion of the project, evaluation of the project, and client approval of the project. Key deliverables associated with the selected projectIf after the Estimated Budget at Completion of $575,000 is spent and theproduct is developed as specified in the project plan, then the project would have met the substantial product deliverable. Secondly, if the Piper Industries Corporation is able to deliver the product within 12 months, the company would have met the project schedule deliverable.