Project Management E-Mail
Dear Project Manager:
We have three project proposals to consider in next week’s
Project Management Office’s (PMO) Review. Piper Industries Corp. needs the
projects to be complete and to be generating revenue within 12 months of next
week’s PMO Review. Wendell Deirelein, our vice-president, has assigned your
team to analyze the three projects below and make a recommendation on which
project the company should invest in. The recommendation must include your team
description of the five phases of the project and the key deliverables (project
completion date and cost) for each project.
Project Code Name: Juniper
-
This is an enhancement of a current widget
being offered by our company. -
Risk of completion of this project on time is
low. -
Product plan shows the critical path to be 6 months
at a cost of $325,000 to bring the product to market. -
Product is forecasted to have a ROI of $250,000
for a period of 2 to 3 years. -
The third year is forecasted to be the end of
life for this product line due to advances projected in technology. -
This is a standard product line that marketing
believes many customers will want to purchase.
Project Code Name: Palomino
-
This is a new line of widget products including
enhancements using existing technology. -
Risk for completion of this project on time is
medium.
-
Production plan shows the critical path to be 9
months at a cost of $655,000 to bring the product to market.
-
Product is forecasted to have a ROI of $450,000
for a period of 5 years. -
This product will be a custom part for one of
your strategic customers—historically the forecasts from this customer have a
5% margin of error. -
The seventh year is forecasted to be the end of
life for this product by the customer.
Project Code Name: Stargazer
-
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.
Sincerely,
Ray Gritsch
Piper Industries Corporation
Review the Project Management email.
Write an email response in which you address the following points:
-
Determine which project might be implemented and why
(e.g. feasibility study, breakeven analysis, etc). -
Describe the five phases of a project
-
Describe the key deliverables associated with the
selected project(s).
