Supply Chain Design Executive Summary and Presentation

Riordan End Project Report Project Name CardiCare Valve Proof-of-Concept Release Draft/Final

Date: 5/5/04

Author:

Craig Mulligan

Owner:

Kenneth Collins

Client:

NA (internal project)

Document Number:

RD203

Document History Revision History

Date of next revision: NA

Revision Date

Previous Revision Date

Summary of Changes Change Author

4/1/04 NA Initial Draft NA 4/10/04 4/1/04 Cost data updated C. Mulligan 4/15/04 4/10/04 Proofreader touch-up’s R. Minsky

Approvals This document requires the following approvals.

Signed approval forms are filed in the project files. Name Signature Title Date of

Issue Version

K. Collins On file SVP, R&D 5/8/04 Final

Distribution This document has been distributed to:

Name Title Date of Issue

Version

H. McCauley COO 5/10/04 Final M. Riordan CEO 5/10/04 Final

Riordan End Project Report

Purpose To record how well the project has performed against its stated objectives.

Contents This publication contains the following topics:

Topic See Page Project Objectives Review 2 Change Analysis 2 Risk Summary 3 Issue Review 3 Value Assessment 3

Project Objectives Review Objectives Achieved - Preliminary user requirements documented

- Design specifications transitioned to two-dimensional model - Order of magnitude estimates provided for material, labor

costs - Model review by user representatives

Performance Comparison (planned versus actual time/cost/ quality measurements)

Planned Actual Time Commitment 200 hours 300 hours Cost $15K $25K Quality High Medium (based on user receptivity toward preliminary model)

Change Analysis Change Request Statistics

Number of change requests for model = 20 Number of change requests cancelled for technical infeasibility = 5 (25%) Number of change requests identified as critical enhancements = 10 (50%) Number of change requests approved for implementation = 8 (40%)

Approved Changes Impact Assessment

- Improved functioning via shape modifications (change # 38991, 39128, 39421)

- Cost increases to incorporate leading edge materials (change# 40238, 41943, 4250)

- Time to market extended to modify production processes to incorporate shape and materials changes (change# 50023, 51294)

Riordan End Project Report

Risk Summary

ID

Risk

Impact

Likelihood Risk

Assessment Date

Opened Date

Closed

Resolution 1 User group not true

representation of user community

4 3 Medium 1/13 2/10 Web-based virtual model to be sent to user population for review before design finalized

2 Primary vendor of key material financially vulnerable

5 4 High 2/1/05 NA Investigation of offshore options in progress

3 Shape modifications not feasible using current manufacturing processes

4 2 Low 1/5 1/25 Institute workplace redesign activities with minimal impact on machinery

4 At product price point, demand does not does not cover production costs

3 3 Medium 2/15 2/24 Engage internal marketing staff to complete demand analysis based on updated model

5 Staff time off delays completion scheduled

4 4 High 3/10 3/20 Use paired programming to prepare backup resources

Issue Review

ID

Issue

Submitter

Priority

Date Opened

Date Closed

Outcome

1 CAD tool not advanced enough to model submitted changes

S. Petter Low 2/18 3/12 CAD tool upgraded for assigned CAD operators

2 Incorporating additional materials increase product development costs by 20%

C.Mulligan Medium 3/1 3/20 Marketing efforts to emphasize superior quality (vs. low cost option)

3 Operational units not outfitted to accommodate modifications suggested via change requests

R. Nells High 3/15 NA Consideration of internal operational changes vs. offshoring in progress

4 User representatives continue to submit change requests as development team attempts to finalize design

M. Hartwell Medium 2/19 3/3 Product Support to take lead in managing user expectations for new product

Value Assessment Costs/Expenses See Actuals in Project Objectives Review Benefits/Revenue More refined valve model for assessment prior to production debut

Riordan End Project Report

Overall Value Medium (no short term revenue accrual, but potential for long term

financial gains via superior product offering)