week five for ops 571
Mr. Gritsch
Shawana McCleave
Shawana.mcleave@bankofamerica.com
Dear Project Manager,
I would like to thank you for providing me with the essential information from your previous email to analyze the following projects Juniper, Palomino, and Stargazer. This information has provided me guidance with choosing the best project for the company. This email will provide you with the recommendation and proposal of the most beneficial project for the company. The project that fits our company’s expectations and requirements is the Stargazer project. This project is efficient and the expectation of the project being completed on time is high and obtainable.
According to the project descriptions, $450,000 has been spent on the product and they average a total of $575,000 being spent in order to bring the product to the market. Even though the dollar amount spent in this project is high, the return on investment for this project is high; by the third year the product is forecasted to have a return of investments of $750,000. The product life of this project is forecasted to be 7 years. Because this product has not been used we would be the first company to launch the product to the market which would create an innovative style allowing our company to be the leader in the industry.
The method I used to make this decision was utilizing the feasibility study. This method allows us to determine how beneficial or practical the Stargazer project would be to the organization. The four phases associated with the feasibility study are: operational feasibility, technical feasibility, schedule feasibility and economic feasibility. The operational aspect informs whether the project is worth solving and evaluating for business usage. The technical feasibility allows us to evaluate if the proposed technology is practical. Technology feasibility also informs us if we currently possess the necessary technology to implement the project. The schedule feasibility informs us if
Mr. Gritsch
Shawana McCleave
Shawana.mcleave@bankofamerica.com
Dear Project Manager,
I would like to thank you for providing me with the essential information from your previous email to analyze the following projects Juniper, Palomino, and Stargazer. This information has provided me guidance with choosing the best project for the company. This email will provide you with the recommendation and proposal of the most beneficial project for the company. The project that fits our company’s expectations and requirements is the Stargazer project. This project is efficient and the expectation of the project being completed on time is high and obtainable.
According to the project descriptions, $450,000 has been spent on the product and they average a total of $575,000 being spent in order to bring the product to the market. Even though the dollar amount spent in this project is high, the return on investment for this project is high; by the third year the product is forecasted to have a return of investments of $750,000. The product life of this project is forecasted to be 7 years. Because this product has not been used we would be the first company to launch the product to the market which would create an innovative style allowing our company to be the leader in the industry.
The method I used to make this decision was utilizing the feasibility study. This method allows us to determine how beneficial or practical the Stargazer project would be to the organization. The four phases associated with the feasibility study are: operational feasibility, technical feasibility, schedule feasibility and economic feasibility. The operational aspect informs whether the project is worth solving and evaluating for business usage. The technical feasibility allows us to evaluate if the proposed technology is practical. Technology feasibility also informs us if we currently possess the necessary technology to implement the project. The schedule feasibility informs us if