Project Management Juniper Low Risk Project Cost

Project Management

Juniper

Low Risk

Project Cost

Profit

Palomino

Medium Risk

Project Cost

Profit

Stargazer

High Risk

Estimated Cost

Profit

All three projects are feasible from a financial standpoint because they all offer a decent return. The breakeven point for all three projects is greater than one year and less than two years. The largest return is to be found on the project with the highest risk associated with it; which is not surprising. Although the risk of completing this project on time is high. The product life is forecasted to be 7 years for this product. Furthermore, the project has already been mostly funded. Although the current expenditures could be considered a sunk cost, it is close to completion.

Not only does this project offer the greatest returns, there are also many other subsidiary benefits. By introducing an innovative product to the market place before the competition, the organization will be seen as a leader in this industry. I would recommend that this project take priority. The organization could implement a full risk management strategy to eliminate as many risks as possible. The organization could put their top talent on the project to ensure that they get the best result as possible.

Part B