Project management Essay Example | Topics and Well Written Essays - 250 words - 17

Project management - Essay Example It is evident that widget products in Juniper would be outdated after three years due to advances in technology. Palomino is forecasted to be in the market for seven years. The new line of widget products will be a significant part for one of the company’s strategic customers. Stargazer is also forecasted to have a product life of seven years, but at a cost for the derivative product. A market assessment study indicates that Palomino is the most viable project. One strategic customer, with a 5% margin of error, indicates that the widget products would have a positive response in the market. According to marketers, Juniper is expected to have a positive response in the market. The major problems are that the product will become obsolete after three years and the forecast is subjective to the marketers’ opinions. Stargazer widget products face some doubts among the company’s strategic clients. The market assessment study indicates that Palomino is the most viable project. Juniper has a critical path of six months at a cost of $325,000. The products from this project will become obsolete after three years generating a return on investment of $250,000 for a span of two to three years. The project might be unable to reach its breakeven point over its life span. Palomino has a critical path of nine months at a cost of $655,000. The products from this project will have a stable return on investment of $450,000 for 5 years. The products will honor the company’s wish of generating revenue within 12 months of the PMO Review. Stargazer has no production plan to determine the critical path for the widget products. It is expected to cost $575,000 at the time it is made available to customers. Research and development activities (project execution) have amounted to $450,000 for the project. Although the product is forecasted to have a return on investment of $300,000-year 1, $550,000-year 2, and $750,000-year 3, the breakeven point for this project is