Essay About Project Managementhw And Year Project

Business Mgt
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TCM 701 – Project ManagementHW #1 – Fall 2015 (Cohort 25) Hongye Song (Emily)A five‐year project has a projected net cash flow of $15,000, $20,000, $25,000, $20,000, and $20,000 in the next five years. It will cost $70,000 to implement the project. If the required rate of return is 15 percent, conduct a discounted cash flow calculation to determine the NPV.Y0=-70000; Y1=15000；Y2=20000; Y3=25000; Y4=20000; Y5=20000  N=5  R=15 NPV = = -4017.142. The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects.  Below are five projects under consideration.  CriteriaStrong SupportSupports Business StrategyProfit Potential10% of Sales from New ProductsCompetitionAbility to ManufactureWeighted TotalWeight3.05.04.03.01.03.0 Project 1662168 89Project 2952025 77Project 33103380 88Project 41051069 86Project 5372251 66Using the scoring matrix below, which project would you rate highest? Lowest?Project1=6×3+6×5+2×4+3×1+6×1+3×8=89—-the highest Project2=77Project3=88Project4=86Project5=66——the lowestIf the weight for “10% of Sales from New Products” is changed from 3.0 to 5.0, will the project selection change? What are the three highest weighted project scores with this new weight?Project1=91—-the highest 3Project2=77Project3=94—-the highest 2Project4=106—-the highest 1Project5=70How should the weights for each criteria be determined?The weights for each criterion should be relate to its relative importance to organization’s objectives and strategic plan. Selection criteria need to mirror the critical success factor of an organization.  You work for Audio‐One Company, which manufactures high‐end car audio equipment. Audio‐One Company has been the market leader for the past 20 years and has decided to diversify by applying its technology to develop a line of “mobile” (e.g. – connecting speakers to cell phones or tablet computers) to be used when people are working or playing outside. What kind of project management structure would you recommend they use for this project? What information would you like to have to make this recommendation, and why?