Ray

After looking and evaluating each option presented we have selected Project Palomino as the recommended choice. To elaborate on this choice we will describe the five phases of the project and include the key deliverables of this particular project. Assuming the risks involved along with conducting a break-even analysis, we have determined that Project Palomino gives you the best opportunity to make a sustained profit with minimizing substantial risks towards continued growth and stability.

Initiation

This phase will begin upon final decision of project commencement. The project is already well established within this phase as it is being discussed for further contract. Once this project is understood as being accepted the planning phase will begin.

Planning

In this phase, planning will occur that can help bring this project to fruition. Some of the planning of this project have already been completed. The planning model that predicts the critical path to be at 9 months at a cost of $655,000 is accurate and should provide enough time and money for our planning cell to complete our tasks. This 9-month mark is a key benchmark within this project. Since Project Palomino allows this new line of widgets to be produced with current technology, this plan retains some flexibility with the planning phase.

Phase III: Execution

Our project management team will execute the agreed plan with vigor and precision. We understand the importance of keeping communication lines open during this phase and encourage open discourse and exchange of ideas between us and your firm. All key deliverables will be produced according to schedule and above industry standard.

Phase IV: Monitoring and Controlling

This phase will occur at the same time as the execution phase as our leadership will monitor the situation and provide valid feedback on how improvements can be made to increase both the effectiveness and efficiency of this project. A member of our team will be present at all times and I invite you to contact me at any time with questions regarding this project.

Phase V: Close Out

Upon completion of this project a close meeting will be scheduled and planned to establish any legal or monetary issues that may be unresolved. Rewards and recognitions will also be presented during this phase where individuals will receive monetary bonuses for their contribution to the project.

If you have any questions please feel free to contact me.

Thanks,

Bob Project Manager