StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Project Recommendation - Essay Example

Cite this document
Summary
In the current market, it is critically important for the practicability of a project to gain the investors’ confidence in the true…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Project Recommendation
Read Text Preview

Extract of sample "Project Recommendation"

Memo Ray Gritsch D K CC: V Mammen October 1st Re: Project Proposals Project Stargazer The ‘Project Stargazer’ qualifies to be implemented because it offers greater chances of success even though the risk of completion is high. In the current market, it is critically important for the practicability of a project to gain the investors’ confidence in the true estimation of cost. The risk of completion encapsulates the likelihood of possible interruptions, delays, and contingencies in the project.

However, in case of abandonment of the project, the company will not receive any return on investment in the project, even though the consequences of a late start up might be catastrophic. The company has commenced investment in the project and lack of implementation may lead to substantial monetary losses. One way of dealing with uncertainty is employment of pretested technology. This may be a plus for the Project Stargazer as its research and development has been going on for a while. The return on investment determines the profitability of implementing the Project Stargazer through assessment of monetary implications of the funds and schedules.

When the magnitude and timing of investment in the Project Stargazer is gauged and the timing of investment gains is directly proportional to the magnitude and timing of costs, a high return of investment is identified. This indicates that the gains associated with this project compare favorably to the implementation costs. This return of investment clearly shows that the project will not only be profitable, but also use the funds directed at it efficiently. The project will break-even when the total sales and revenues equalize the total expenses associated with the Project Stargazer.

At this point, no losses or profits will be associated with the project, though with a high return on investment, the project is likely to break-even with ease.The product that is associated with this project is also innovative and has not been introduced in the market before. Developing and marketing such a product will be beneficial to the company as it will be developed for the first time. Success of the Project Stargazer might also pave the way for the company to market a variety of other products in the future.

Phases of Project StargazerProject conception: The project Stargazer has already been researched and its development is already in progress. Previous analysis suggests that implementation of the project will benefit the company and chances of successful completion are high.Definition and planning: After the company approves the development of the project, a project plan outlining the scope of the project will be created. The team involved in the project will calculate the budget, the schedules, as well as the required resources.

Since most of these have already been worked out, only small adjustments might be needed if the project is developed. Launch and execution: In this stage, the allocated resources will be distributed to the teams involved in the project and any important information about the project will be communicated.Performance and control: In this phase, project managers will compare the project progress with the baseline schedule to ascertain any deviation from the originally planned progress and overuse of resources.

Sincerely,D.KProject Manager.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Project Recommendation Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Project Recommendation Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1659025-project-recommendation
(Project Recommendation Essay Example | Topics and Well Written Essays - 500 Words)
Project Recommendation Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1659025-project-recommendation.
“Project Recommendation Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1659025-project-recommendation.
  • Cited: 0 times

CHECK THESE SAMPLES OF Project Recommendation

Analysis and Report of Powerco

recommendation is the last part of this report in which the discussion is provided which focuses on the acceptance or rejection of this project.... PowerCo: Your Analysis and Report Introduction This assignment deals with the feasibility and viability of the project considered by PowerCo.... The project is about building up a generator, which would be used to produce electricity.... Cost of capital is assumed as 8% for this project....
5 Pages (1250 words) Essay

Investment Appraisal: The Zeta plc. Case

For those evaluations, generally investment appraisal techniques are mainly utilized by the organizations to carry out financial viability of any particular growth opportunity or project (Baker et al, 2011).... The company has found an opportunity to manufacture a series of exclusive sailing boats over a period of four years and it is intended to dispose of the project after four years.... The overall project is mainly appraised by the discounted cash flow based techniques which include Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI) and lastly Discounted Payback Period (Dis....
6 Pages (1500 words) Essay

E-pro System at an Electronics Manufacturing Company

E-pro System at an Electronics Manufacturing Company recommendation I In order to provide a recommendation for a project titled “Electronic Procurement System at an Electronics Manufacturing Company”, for a project manager it would be relevant to identify and analyze the problem first.... recommendation II The second problem that I have identified in the given case of E-Pro system development is the mismanagement of the key stakeholders.... recommendation III I would recommend that superiors be always informed about the progress of the project as well as the issues that are being faced in the project....
4 Pages (1000 words) Essay

Project Management: How to Effectively Manage a Project

hellip; This report will offer recommendation of the ways that we can bring up good management of the project.... HUMAN CLOUD SYSTEMS First Name / Last Name School Affiliation Executive Summary This paper is interested in coming up with a reliable report free from biasness from critics who have criticized the United Kingdom Government's new welfare system project to show the areas that need to be looked at that have caused the criticism that have caused the project to be deemed to be wrongfully managed....
6 Pages (1500 words) Essay

Australian Remote Aboriginal Communities

This proposal "Australian Remote Aboriginal Communities" is to analyze the project stakeholders and their significance in the project governance.... project governance involves identifying appropriately the entities involved that directly and indirectly influence the governance of the project.... hellip; The project chosen for this assignment is “Australian remote Aboriginal communities” which underlines the various project stakeholders for its effective governance....
2 Pages (500 words) Thesis Proposal

Health Policy Analysis - Increasing of the Ageing Population

Prior to this century, the ageing population was in a low magnitude.... Thus, the state had an easier task to support its medical provisions.... In addition, the number of caregivers present could… Moreover, social services were provided with sufficient resources that would increase their responsibility to older adults....
5 Pages (1250 words) Term Paper

Project Management: a Systems Approach to Planning, Scheduling, and Controlling

fter the pre-feasibility study, a feasibility study for the three projects creates a significant rift concerning the viability Project Management al Affiliation) Project manager Project Recommendation 29/8 Piper Industries CorporationCc: Ray GritschA pre-feasibility study indicates that Juniper has a low risk of completion since it is an improvement of an existing widget.... The pre-feasibility study… es that Palomino would be the best project since it involves a new line of widget products and enhancements that would employ the existing technology. ...
2 Pages (500 words) Essay

Inclusive Classroom Project

From the paper "Inclusive Classroom project" it is clear that generally, to help improve the inclusion program, there a need for collaboration among all the stakeholders (Porter & AuCoin, 2012).... This should begin with collaboration among the teachers.... hellip; One will find that there are teachers and co-teachers taking particular subjects in a classroom....
7 Pages (1750 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us