Individual Assignment # 9
Part "A"
Please provide concise and clear answers to the following questions:
1 - Why so many projects fail?
2 - How can a government facilitate industrial growth and productivity in the country?
3 - In planning for a new project, list all the necessary steps you need to consider in creating a satisfactory plan, in proper sequential order.
4 - What are the three major Management phases to develop and operate a Project?
Part "B"
It is required to design a business plan for production and marketing of a consumer electronic product, namely A/V Receivers for the US market.
Based on the following tasks and assumptions, as a project manager, you are required to develop a plan, identifying all the necessary steps in proper sequence, and strategies you need to adopt, a time-line showing the process to complete manufacturing facilities - start to full production phase - and a 5-year financial projections from start of establishing the business, showing the amount of total FUNDS you need to establish and operate this business successfully, and the ROI for this venture.
Be careful: Some activities can run parallel! and many can not!
Assumptions:
Product: A/V Receiver for home entertainment /home theater use
Selling Price: $500 each
Cost of materials & Components: $100/unit
Direct Labor: 20 Persons, their salary is $5000/month
Full Production rate: 100 Units/day
Working days/Month: 25 days
O/H costs: 15%
Profit Rate: 25%
Rate of Growth for the company: 15% per year
As the production grows, the operating costs will grow with the same rate as well
The initial funding to purchase manufacturing equipment, furniture and other office facilities & remodeling of the leased buildings is = $350,000
List of Tasks (NOT in Proper order!):
Market Research 1 months $8,000
Plan for Business 1 months $12,000
Select Location, Land/Building for manufacturing 5 weeks $7000
Select Office Space for Business 2 weeks $3,000
Strategies/Objectives 1 week $5,000
Installing manufacturing equipment/machineries 2 months $10,000
Order additional equipment/tools/machineries 2 weeks $60,000
Order Office Equipment, Furniture, etc. 1 week $10,000
Design your Product 2 months $20,000
Approvals by Management for Design & Business Plan 2 weeks $8,000
Place order for all Components & Material for Production 3 weeks $15,000
Hire Production crew 3 weeks $10,000
Train the Production Crew 1 week $5,000
Hire Office Staff and setup Management team 2 weeks $8,000
Prepare Manuals for finished products & printing 3 months $15,000
Promotions & Advertising 3 months $85,000
Prepare marketing Materials 2 months $25,000
Select Dealerships 3 months $15,000
Testing the initial batch of Products for QC,
before the mass Production starts: 2 weeks $10,000
Attachment:- Assignment details.rar