Question

In: Operations Management

The Woolong Company produces high-end vacuum cleaners and has hired you to oversee the development and...

The Woolong Company produces high-end vacuum cleaners and has hired you to oversee the development and release of their latest product. A preliminary project initiation meeting will result in the identification of the project sponsor, selection of a project manager, and creation of the project charter. A manager in the production department who knows you are taking a college project management course asks you to prepare a report to help them prepare for the meeting by answering the following questions:

What are the expected results of the project?


What value will the project add?


What is the potential impact to the company if the project is not finished well?


Solutions

Expert Solution

What are the expected results of the project?.

In the modern era, most of them are likely to use the vaccum cleaner product. As a well known company like Wooling Company producing a high end product, the households expecting a better product performance. So the project highly concentrated to how the launch of the new product in a very catching way attarct the people.

By market study and findings and with the help of questionnaire the project manager can reach a conclusion whether the product is acceptable by the people or not.

In the case of vaccum cleaner product, the customer satisfaction is one of the main factor in the success of product.

What is the potential impact to the company if the project is not finished well?

By the statistical analysis using various project testing methods like, Chi-Square Test, Variance Analysis, ANOVA, Correlation, Rank Test etc is very usefull to get the project analyis and by this we can conclude the project whether it is acceptable or not. Therefore company must rethink about the product, if the project is not acceptable. If a project is failure or not finished well the company cannot launch the product because it will not success.

If the project is not finished well, it is not favourable to the company. So the company must change the product by the customer opinion. Customers opinions are collecting by the way of questionnaires.

keosha answered 6 months ago
Next > < Previous

Related Solutions

The Woolong Company produces high-end vacuum cleaners and sells them to consumers online. They are designing...
The Woolong Company produces high-end vacuum cleaners and sells them to consumers online. They are designing a new product, and you have been hired as the project manager to oversee it. Discuss the tools and techniques you should you use to identify the project stakeholders. Describe potential risks associated with this project, and explain what risk management processes can be utilized. Share other important components that a project manager should consider as this project continues into the execution phase.
A hyper market plans to order vacuum cleaners from three different supplies equally that has an...
A hyper market plans to order vacuum cleaners from three different supplies equally that has an annual demand 4500 units. There is a fixed transportation cost of 700 SAR that is incurred each time the order is placed, along with the additional fixed cost of 150 SAR for each supplier. The hyper market incurs a holding cost of 15% while the cost of each model is purchased at 200 SAR. Evaluate the frequency and lot size that the hyper market...
Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers....
Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manufacturing subsidiary has total manufacturing costs of $1,530,000, plus general and administrative expenses of $353,000. The manufacturing unit sells the equipment for $2,530,000 to the U.S. marketing subsidiary, which sells it to the final consumer for an aggregate of $3,530,000. The sales subsidiary has total marketing, general, and administrative costs of $203,000. Assume that Singapore has a corporate tax rate of 33% and...
Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers....
Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manufacturing subsidiary has total manufacturing costs of $1,600,000, plus general and administrative expenses of $360,000. The manufacturing unit sells the equipment for $2,600,000 to the U.S. marketing subsidiary, which sells it to the final consumer for an aggregate of $3,600,000. The sales subsidiary has total marketing, general, and administrative costs of $210,000. Assume that Singapore has a corporate tax rate of 33% and...
CanWest Corporation is a newly established IT company that focuses on high-end software development for the...
CanWest Corporation is a newly established IT company that focuses on high-end software development for the worldwide market. Assume that you were the CFO. Suggest the capital structure that can suit this corporation best. Discuss and explain. ASAP
Discussion: On Project Charter You have been hired to oversee the decentralization of your client’s human...
Discussion: On Project Charter You have been hired to oversee the decentralization of your client’s human resources function in which corporate functions will be relocated to each regional office. Your boss wants you to start the project immediately, but you are insisting that a project charter be established first. Explain to your boss the importance of a project charter and what could happen if you decided to proceed ahead without a charter. Support your comments with authoritative sources in the...
Quaint Stem Company is a high-end glassware manufacturer that produces fine stemware of the highest quality....
Quaint Stem Company is a high-end glassware manufacturer that produces fine stemware of the highest quality. The company is completing its fourth year of operations and is preparing to build its master budget for the coming year (2020). The budget will detail each quarter’s activity and the activity for the year in the total. The master budget will be based on the following information: Fourth-quarter sales for 2019 are 82,000 units and 65,000 for the first quarter of 2021. Unit...
PC.62 Trek is a manufacturing company that produces high-end bicycles. Their prime road bike, the MadOne,...
PC.62 Trek is a manufacturing company that produces high-end bicycles. Their prime road bike, the MadOne, can be fully customized through a program called Project One. Last year they rolled out 1,270 bikes which sold on average for $7,900 and used the following inputs as found in the table below: Inputs Amount   Cost ($) Labor Hours 17,400 $19.00 OCLV Carbon (square feet)   1,600 $14.07 Rubber (pounds) 3,375 $4.16 Paint (gallons) 420 $21.84 Energy (kWh) 12,287,180 $0.11 What was last year's...
OnTop Limited produces high end tableware. Their products are a timeless icon of Italian style, that...
OnTop Limited produces high end tableware. Their products are a timeless icon of Italian style, that enhances any convivial fine food occasion and elevates any moment. The company developed the following standard costs for direct material and direct labor for one of their major products, the Medici pitcher: Standard quantity Standard price Direct materials 0.2 pounds $25 per pound Direct labor 0.1 hours $15 per hour During May, OnTop Limited produced and sold 10,000 pitcher using 2,200 pounds of direct...
You own a company that sells high-end motorcycles. You are considering launching a new marketing campaign...
You own a company that sells high-end motorcycles. You are considering launching a new marketing campaign in an attempt to increases sales but you are unsure of when you should start it. You believe it makes the most sense to market more when the fewest number of people typically buy motorcycles. So, you decided to use your quarterly sales data from the past 2+ years to test to see if there is a difference in sales between the quarters and...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT