Project Management E-Mail Essay

Recommendation for Piper Industries Corporation Project Management making love Project ManagerAfter reviewing the information that was provided in a previous email regarding the three take ins coded, retem, Palomino and Stargazer, I believe it will be more(prenominal) beneficial for the company to use the Palomino project. In my personal analysis, with the Juniper project, there is just too much low risk with completion on time, and with the Stargazer Project, although forecasted ROI inside the next three years looks promising, there is potential of extra costs, questions of how familiar the customer will be with the final product and not sure if it is worth the high risk of completion.I arrived to the decision of victimisation the Palomino Project using the feasibility study method. Further analysis showed that it just made more esthesis for the company to use the Palomino approach because it answered all of the questions concerning Return On Investment, the risk involved to co mplete the project, and more important is the benefit overall to the company. Using the same method with the other two projects did not leave the same information.WWW.projectinsight.net defines management as the application of knowledge, skills, tools and techniques to a broad range of activities in order to have the requirements of a particular project. (Project Insight, 2014). The execute is further divided into 5 phases 1. Conception and Initiation This phase is the pitch thought to paper or is the creation of the project, making sure it is realistic and is something that will benefit the organization. 2. description and Planning This phase is where the plan is put together, this is where the team develops the blueprint of the project, resources, costs and setting priorities. 3. Launch and execution of instrument In this phase the tasks are further defined and assigned to specific team members for action. 4. Performance and dominance In this phase, project managerswill check progress and status against the plan to see if project is progressing as plan and make necessary adjustments if necessary to ensure the project stays on target. 5. Close In this phase, the project manager assesses the final outcome of the project to make sure it met expectations that was originally planned from the beginning. This where the project manager will also conduct evaluation of what transpired during this project and highlight specific successes and lessons learned during the process of completing this project.Key DeliverablesThe key deliverables for the Palomino Project are as follow Introducing a new delimit of widgets, that will include enhancements. There is existing technology that will be used for these new enhancements and by doing so will help the company long term by investing capital in other areas and benefiting from the Return on Investment from this project.ReferenceProject Insight. (2014). 5 Basic Phases of Project Management. Retrieved from http//ww w.projectinsight.net/project-management-basicss