Project Planning and Project Execution

Introduction

Purpose of the plan

Fabricant Corporation is a manufacturer and distributor of high-quality fabrication that is efficient energy efficient, raise awareness of the companies’ environmental concerns and be a feasible company that is operating above the profit margin line by 15%.

Background Information/Available Alternatives

FCMD is a high-quality expert meal producer and distributor company. It has a network worth 1000 clients in the Northeast of Europe. It is currently well equipped with flexible modern technological machines that have made it the leading designer, producer, and distributor of photocopiers, solar panels accessories, medical accessories, aerospace spare parts and electric appliances. The company is producing both high quality and affordable products worldwide (Baker & Powell, 2009).

Goals and Objectives

The company has tasked its management crew to identify, plan, execute and monitor projects that will bring into line the company with its succeeding goals that include;

To produce high-quality automobiles that are efficient energy consumers,

To build awareness of the companies’ environmental concerns

Be a feasible company that is operating above the profit margin line by 15%.

Envisage research in the energy conservation and advance technology to facilitate sustainable improvement in technological metrics

To fit the company’s project strategic goals, the company aims at reducing the energy consumption of the appliances by 20% as it aims at energy conservation thus producing products that are appealing to the customers thus attaining 15% return of profit due to high sales. Extensive research that the company will invest in shall help achieve this in relation to environmental conservation.

Stakeholders

Management- Directors- Managers- Departmental managers- Supervisor- Producers crews- sales agent- customers

Scope

The company will major in manufacturer and a prominent distributor of greatly specified metal parts like photocopiers, solar panels accessories, medical accessories, aerospace spare parts and electric appliances.

Project budget

Timeline and cost estimate to complete the project.

Buying 300,000 square foot space for manufacturing costing $9.5 million built within 1 year. Annual return expected is $70,000

Buying 2 acres for solar panel building within the first 1 year costing $ 700,000- break even after 2 years with expected annual return $20,000

Employee base 350,000 heads expected expenditure per year-$2.1 million

Community environmental awareness –annual expenditure- $150,000

Company’s break even after 5 years with annual returns on capital of $ 2.6 million

Milestones: Economic, technical, and organizational feasibility of the project.

economic, technical, and organizational feasibility of the project.

Back extensive research in energy conservation and designing of technologies that will facilitate sustainable improvement in technological metrics

The company has a good financial base and management structure that has enabled it to invest heavily in machine and technologies that will allow the company to meet its set goals and satisfy both the employees and consumer needs (Masila, 2015).

The internal and external key project stakeholders

Internal stakeholder will be concerned with the efficiency and volume of production while the external stakeholders will be concerned with the steady supply of high-quality products.

Project Assumptions

The initiation project will assume the:

Key project stakeholders will input all their efforts to effect smooth production. Management and directors will pump in financial support, personnel managers will coordinate crew and sales facilitate marketing and selling of products.

The employees will transform the companies operation to utilize the opportunity of high-quality metal products produced by the company.

The management will protect and motivate employees to ensure that they are charged and available for the project tasks ahead.

The company will formulate committees that will ensure timely planning and budgeting to foster decisive implementation of the company’s projects.

The management will draw and management and communication structure formidable to foster sustainable production.

All employees and management will adhere to all protocols laid.

Project constraints

Inadequate funding and high contingencies attached availability of raw material and government policies and law enforcement (Chen, 1996).

Recommendations t

The company should invest heavily in the green energy like solar panels, with the very intent of reducing the high costs of production and also the negative impact of the other forms of energy on the environment.

Fabricant Corporation a manufacturer

An evaluation of the selection criteria, alignment with the organization strategic goals, project charter elements, project initiation approval, and stakeholder analysis

References Baker, H. K., & Powell, G. (2009). Understanding financial management: A practical guide. John Wiley & Sons.

Chen, M. T. (1996). Simplified project economic evaluation. AACE International Transactions, ES131.

Masila, M. T. (2015). Towards secure, efficient and effective script management system: a case study of the Kenya national examinations council (Doctoral dissertation, University of Nairobi).

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