Project Management Recommendation Essay Example for Free

bulge out Management Recommendation Essay adept Mr. GritschIn continuation of your email dated February 10, 2014, I have completed analysis of three holds retem, Palomino and stargazer. The find levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries Corporation to attain forward with the Stargazer count onion.Stargazer is selected due to its feasibility and risk level. From market feasibility study, some strategical customers have already indicated interest in the carrefour. Thitherfore, I would recommend that the board invest in the consider, Stargazer particularly beca ingestion the company has already invested $450,000 and the ROI is very high. My feasibility study focused on Return on Investment (ROI), length of project, risk level and overall turn a profit to Piper Industries. See below for the results.JuniperReturn on Investment (ROI) 77% or $250,000 for a period of 2 to 3 old age Length of projectUncertainRisk of result on timeLowboilersuit benefit Enhancement of current product, increased product demand PalominoReturn on Investment (ROI) 69% or $450,000 for a period of 5 years Length of project 7 YearsRisk of completion on timeMediumOverall benefit New product, use of existing technology, custom part, unalterable 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 ProjectA 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 as1. Facility Decommissioning Phase2. Waste removal phase3. Landscaping Phase.While a project involving the edifice of a new factory may contain four phases such as1. Environmental bear upon Assessment Phase2. Design Phase3. Construction Phase4. Commissioning 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 assist groups. The following phases / process groups go forth be used to complete the project1. Project conception and psychiatric hospitalThe conception of the project is that the project is a new line widget product including enhancements through the use of existing technology. The initiation of this project pass on be upon the approval of the project by the CEO.2. Project commentary and planningStage two of the project is making a project plan. The project plan will be completed by the project team with the consultation of the technicians and experts. The project plan will be in writing and will be well defined.3. Project launch or executionThe project plans and toil 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 le ader of the project. His or her task will be to monitor performance 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 afterwards 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.