Unexpected Events:

The project is a contract of safari backpacks that are fitted with radios. It was awarded on September 1st, 2015. The contract runs through to March 1st, 2017. The backpacks have to meet the expectations of the sample presented during bidding time. The engineering department will work together with the production department to ensure customer preferences and tastes are achieved (Taylor, 2008). The project will utilize the procurement, research and development, marketing, production and engineering departments. The project will be regularly reviewed after every six months. That means there will be two consecutive reviews on the project, one on May 1st, 2016 and another on October 1st, 2016. To ensure sustainability of the project there is need to ensure reliable suppliers and subcontractors are engaged in the project.

Project Assumptions

Prices of materials will remain same during the entire project due to the stable economic conditions. That is the rate of inflation will be maintained and rate of interest will be stable to ensure stable prices. Second, there will be no industrial actions during the time. Demeulemeester (2002) says that industrial actions eat into the production schedule making it difficult to deliver on time. Third, there will be continuous delivery of materials. Productions downtime caused by late deliveries by suppliers and subcontractors causes compromised delivery schedule to the customer.

Project Goals

According to Neumann (2002), the goal of the project is to deliver as per customer expectations. That will mean delivery is done immediately on September 1st, 2015. These delivered backpacks were those that the company had ready for it was positive its sample would meet the customer expectations. Production will start immediately to ensure that the December 1st, 2015 delivery is ready for delivery before that date. The last delivery will be made on March 1st, 2015 hence production is set to achieve the set date. There is need to ensure the quality keeps improving as more

Project Constraints

Being a new project, the firm lacks the technical ability to meet the high demands of making much radio equipment (Taylor, 2008). As a result, subcontracts are in place to ensure the deliveries are done according to the contract problem.

Project Limitations

There are limitations in funding to make sure that the firm remains profitable. The contract is well stretched to make returns to be low given that payments will be made is made in batches. The identification of creditors to fund the project will eat into the small profit margins that remain after subcontracting (Demeulemeester, 2002). Second, the number of employees need for the project are way low than the required threshold of 200 hundred employees to be dedicated to the project for full and fast execution.

Project Milestones

The firm projects a payment on October 30th, 2015 for the deliveries made on the previous month. The firm expects to get pay on January 30th, 2017 for the deliveries made on the month before. The last payment will be on May 30th, 2017 for the deliveries made on March 30th, 2015.

Project Risks (initial assessment)

The risk of non-deliveries by subcontracted goods exists due to the fact that the radio production is a complex process. According to Taylor (2008), sub-contractor face challenges in delivering the first batch. Hence, an expediting and follow up process is in place to ensure that they get technical advice from the engineering team. The delivery of material is set to August 1st, 2015 to ensure there is room for correction of errors.

References

Demeulemeester, E. L., Herroelen, W., & Spring-Verlag. (2002). Project scheduling: A research handbook. Boston: Kluwer Academic

Neumann, K., Schwindt, C., & Zimmerman, J. (2002). Project scheduling with time windows and scarce resources: Temporal and resource-constrained project scheduling with regular and nonregular objectives functions

Taylor, J. (2008). Project scheduling and cost control: Planning, monitoring and controlling the baseline. Ft. Lauderdale, Fla: J. Ross Pub