Project Management
Determine which project might be implemented and why (e.g. feasibility study or breakeven analysis etc.)
The project which has the potential to provide the greatest return is Stargazer. Using a feasibility study, this will offer the firm with a number of benefits that will help it to increase its bottom line results. This is occurring with the ROI rising by 56% in three years. Over seven years, is when the firm will realize an ROI of 130.40%. ("Project Management Email," n.d.)
Moreover, it has been going through continuous research and development. This increases the likelihood that it will be completed on time. When this happens, the firm will have fixed costs and can be the first in their industry to introduce it to the marketplace. These variables will have a positive influence on the brand images of the company by demonstrating how they are the leader inside the sector. This will enable mangers to improve customer perceptions about the product and quality. These variables will contribute to an increase in sales over the long-term. ("Project Management Email," n.d.)
This is best choice in contrast with Juniper and Palomino. As Stargazer has greater rewards and can offer the firm with fixed costs which will not change. Moreover, the product...
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Project Management Any project, no matter what the outcome is supposed to be, has to be properly managed from outset to completion to make sure that the outcome is the one desired. Without some type of plan, a project can easily become so overburdened with cost and time overruns that it is better just to abandon it and move on. The problem is though that project management often requires a large
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