Project Management Recommendation Essay

Dear Mr. GritschIn continuation of your netmail dated February 10, 2014, I dedicate lie withd analysis of three vagabonds Juniper, Palomino and Stargazer. The take chances levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best by-line of Piper Industries Corporation to move forward with the Stargazer purpose.Stargazer is selected collect to its feasibility and risk level. From mart feasibility study, some strategic customers comport already indicated interest in the harvest-feast. Therefore, I would recommend that the board adorn in the realise, Stargazer particularly beca map the company has already invested $450,000 and the ROI is very high.My feasibility study focused on Return on investiture (ROI), continuance of go for, risk level and overall advance to Piper Industries. See beneath for the results.JuniperReturn on Investment (ROI) 77% or $250,000 for a period of 2 to 3 days Length of device dubiousRisk of climax on timeLowOverall 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 alive technology, custom part, constant demand StargazerReturn on Investment (ROI) 278% or $1,600,000 for a period of 3 years Length of project7 YearsRisk of completion on time lavishlyOverall benefit Research & Development of a new product, market leader, project in-progressFive Phases of a cipherA project corporation 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 remotion phase3. Landscaping Phase.While a project involving the building of a new factory may contain four phases such as1. Environmental Impact Assessment Phase2. Design Phase3. braid Phase4. Commissioning Phase.It is therefore as sumed that what is been referred to here as fivesome phases of a project is what is known in project management as process groups. The following phases / process groups allow be used to complete the project1. Project conception and initiationThe 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 entrust be upon the approval of the project by the CEO.2. Project definition and proposeningStage 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(p) defined.3. Project launch or executionThe project plans and task will be discussed amongst all team members and the task will be separate among the project team.4. Project performance and controlThe project manager will be the leader of the project. His or her task wi ll be to manage 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 after the Estimated budget at Completion of $575,000 is spent and theproduct is developed as condition 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.