Keflavik paper company case study

Document Type:Essay

Subject Area:Education

Document 1

The company has also been experiencing good sales progress, for example, it has been improving in sales gradually but steadily. This, therefore, implies that there are still more growth potentials for the organization and room for business operations expansion. There are various investment opportunities which are present in the market today. The Keflavik company focuses on discounted cash flow (DCF) as its primary strategy in attracting existing opportunities in the market. The company has also focused on sales forecasting for a very long time where it determines and prevail its future cash flow to set achievable financial goals. Furthermore, the company has to develop very many great strategies for new product development and introduction to the market. Most of the projects are used to introduce new products into the market to increase profitability and organizational growth.

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An approach such as the IRR will be considered significant due to its ability to ensure a high rate of return from the projects implemented in the organization. Project implementation, therefore, will call for more consideration that will make sure they are successfully implemented and effectively performing in the organization. The senior management should, therefore, consider applying more than one criteria to evaluate and select suitable projects for the organization to experience better results. Nothing is therefore considered as dangerous and sidelining as the stagnancy of the projects in the organization. They will hinder company development t after allocation of funds and resources to complete it. The managers should, therefore, consider implementing all the approaches to come up with project implementation decisions and approaches which are sustainable and stable enough to generate more profits in the company.

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It is also to say that the progressive and strategic project creates a lot of revenue in the organizations whereas the stagnant ones and slow ones will make the company experience a lot of losses. The accuracy of the project results should, therefore, be considered after a proper understanding of the various evaluation methods that will be used to come up with a more comprehensive project decision and plan. For instance, using the project scoring model will enable the organization to analyze the projects critically and identify some of the benefits and risks of implementing the project. It also allows the project managers to select the project elements that proposed with a rationale of their significance to the overall project and the organization.

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The project scoring model also has a disadvantage of inaccuracy as it is hardly used to analyze or handle digital data and calculate the rates of profit analysis consequently. It I also based on human factors that vary every day thus can bring about differences in results (Bianchini, Gambuti, Pellegrini, & Saccani, 2016). Contrary, NPV surpasses the uses and importance of the scoring model as it allows the analysis to calculate and come up with reliable results of profit that are forecast in the entire project period. One of the significant considerations analysis of the advantages and disadvantages of the project on the business activities and the organization as a whole. The projects with many disadvantages will not be considered for implementation due to the risks it might out the business in.

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However, good projects with more advantages and less disadvantaged should be considered to be implemented by the management of the organization without hesitating. This is because the projects are very influential in organizations and can either bring losses or advantages to the organization. It is therefore important also to use appropriate appraisal methods to analyze the advantages and disadvantages. Selection criteria The project team will be composed of different significant figures including a financial consultant who will take charge of the project implementation, a system consultant who must be an ERP expert, management consultant, two technical consultants who could be employees of the organization and two people who will be in charge of quality assurance. They will ensure that the customers are well satisfied by the project upon its implementation in the organization.

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Deliverables or delivery schedule The project schedule will be divided as follows. • Collect requests – completed in 4 weeks • System design - achieved in 2 weeks • Implementation - performed in 8 weeks • Test user satisfaction - implemented in 2 weeks • Maintaining the system - achieved in 4 weeks • After project implementation - implemented in 4 weeks Security The project will be implemented in a safer environment and measures will be taken to prevent the existence of any security breach in the database. Place of performance and Period of performance The project implementation will take a total period of 6 months with a full-time customer support system that will run 24 hours a day. Input source Various sources of data will be considered for the report for example from the previous and current systems in the organization, company history and files and interviews from the employees and the organization stakeholders.

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Part 5: Work Breakdown structure The Work Breakdown structure will be as: Deliverables Task Provisional outcome Final Outcome Deliverable 1 Collect requests Feasibility study System environment analysis Training environment analysis I (a) I (b) I (c) I Deliverable 2 System Design II Deliverable 3 Implementation Coding Code testing Solution configuration III (a) III (b) III (c) III Deliverable 4 Test user satisfaction User Acceptance Testing (UAT) Integration Testing System Testing IV (a) IV (b) IV (c) IV Deliverable 5 Maintaining the system V Deliverable 6 Support VI Part 6: Responsibility Assignment Matrix The project comprises of 9 individual who are united with the same goal and purpose as a team. They include the project manager, two technical consultants, two programmers, and four functional consultants. The team will work collective and collaborate throughout the period of project implementation.

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