Evaluation Of A Project Proposal - 1163 Words

Vice-president Deirlien, I have received the three project proposals for review along with the information relative to what the company is seeking to gain as a result of project implementation. Taking those factors into account, my team is prepared to present a project recommendation. Moving forward it would make the most sense to move forward with two of the three proposed projects, Project Juniper and Project Stargazer. While these projects are drastically different, implementing together will serve as the best potential course of action for the company precisely because of how divergent they are. First, for each project a separate feasibility study was conducted based on the information that was provided. The diagrams generated as a†¦show more content†¦These factors serve to make it a sound it a sound economic decision to move forward with the project. Regarding economic feasibility for Project Stargazer the majority of the funds to bring this product to market have alr eady been allocated and/or spent. This is a positive as it means that there are less funds which will need to be provided in the future in order to make this project ready to move forward. Regarding technical feasibility for Project Juniper the product is projected to be available in the next six months. This is a relatively short amount of time considering that it will bring a new product to market. It must also be considered that it can be considered that there is already a market for this product as it is an enhancement of a widget already produced by the company. Regarding technical feasibility for Project Stargazer some interest in the product has already been expressed. Additionally, its implementation will make the organization a market leader. However, it must be noted that it will be necessary to be able to better explain this aspect of the business as it has caused some confusion. Regarding operational feasibility for Project Juniper it can be presented that the project re presents the least amount of operational risk of all of the projects presented. As an enhancement on a product already produced by the company, it is likely that only minor changes to the process design will be necessary, if any changes are required at all. Regarding