Analysis of Project Proposals by the PMO
Project Management Email
OPS571
March 09, 2015
Abstract
This paper addressed (in mock email format) three project proposals that needed to be reviewed by the Project Management Office (PMO). After an analysis of the three projects (Juniper, Palomino, and Stargazer), using a feasibility study, the PMO recommended that the company should invest in the Stargazer because it already had investment toward R & D, would highlight Piper Industry as a leader and innovator, and will provide the company with the most return on investment (ROI). Further explanation and description was given in the breakdown of the five phases of Stargazer project as well (Initiation, Planning, Execution, Performance & Control, and Close-out.
Ray Gritsch, Our Project Management Team (PMO) has analyzed the three proposed projects for Piper Industries Corp. and has determined which project should be implemented and why. Our recommendation on which project the company should invest in is based on:
Key Deliverables
Completion of NLT 12 months
Specific budget recommendations
Generation of revenue
Additionally, the following assumptions were made when forecasting each project:
Estimated time to completion, forecasted net profits and strategic customer margin of error, forecasts for sales innovation/advancements, as well as forecasted risk of the overall project (Project Recommendations Handout, 2015). These will be applied when using the feasibility study to analyze the projects.
Project Analysis
Using the deliverables and assumptions listed above, the PMO has given the following assessment of each project based on a feasibility study, which focused on Return on Investment (ROI), length of project, risk level and overall benefit to Piper Industries (Jacobs & Chase, 2015).
Juniper
Project Juniper is an expansion/enhancement of an already existing product line. It has been determined that there is an existing market for this, however, project development in
OPS571
March 09, 2015
Abstract
This paper addressed (in mock email format) three project proposals that needed to be reviewed by the Project Management Office (PMO). After an analysis of the three projects (Juniper, Palomino, and Stargazer), using a feasibility study, the PMO recommended that the company should invest in the Stargazer because it already had investment toward R & D, would highlight Piper Industry as a leader and innovator, and will provide the company with the most return on investment (ROI). Further explanation and description was given in the breakdown of the five phases of Stargazer project as well (Initiation, Planning, Execution, Performance & Control, and Close-out.
Ray Gritsch, Our Project Management Team (PMO) has analyzed the three proposed projects for Piper Industries Corp. and has determined which project should be implemented and why. Our recommendation on which project the company should invest in is based on:
Key Deliverables
Completion of NLT 12 months
Specific budget recommendations
Generation of revenue
Additionally, the following assumptions were made when forecasting each project:
Estimated time to completion, forecasted net profits and strategic customer margin of error, forecasts for sales innovation/advancements, as well as forecasted risk of the overall project (Project Recommendations Handout, 2015). These will be applied when using the feasibility study to analyze the projects.
Project Analysis
Using the deliverables and assumptions listed above, the PMO has given the following assessment of each project based on a feasibility study, which focused on Return on Investment (ROI), length of project, risk level and overall benefit to Piper Industries (Jacobs & Chase, 2015).
Juniper
Project Juniper is an expansion/enhancement of an already existing product line. It has been determined that there is an existing market for this, however, project development in
References: Jacobs, F. R. & Chase, R. (2011). Operations and Supply Chain Management (13th ed.) Boston, MA: McGraw-Hill Irwin Projectinsight.net. (2015) 5 Phases of Project Management. Retrieved from http://www.projectinsight.net/project-management-basics/basic-project-management-phases UOP Classroom. (2015). Project Management Recommendation Email. Retrieved from https://newclassroom3.phoenix.edu/Classroom/#/contextid/OSIRIS:44707339/context/co/ view/activityDetails/activity/6f976a7b-b775-49bd-a119-75045d503c9a/expanded/False