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