Design a project plan for production and marketing of a consumer electronic product… 1 answer below »

/in /by

Design a project plan for production and marketing of a consumer electronic product… 1 answer below »

Assignment #IT Project management courseAs a Project Manager, you are assigned to design a project plan for production and marketing of a consumer electronic product, namely A/V Receivers for the US market. Based on the following tasks and assumptions, you are required to develop a plan, identifying all the necessary steps in proper sequence, and strategies you need to adopt, a time-line showing the process to complete a manufacturing process – start to full production phase – and a 5-year financial projections from start of establishing the business, showing the amount of total FUNDS you need to establish and operate this business successfully, showingthe bestROI to your management for this venture.Be careful: Some activities can run parallel! and many can not!Assumptions:Product: A/V Receiver for home entertainment /home theater useSelling Price: $500 eachCost of materials & Components: $100/unitDirect Labor: 20 Persons, their salary is $5000/monthFull Production rate: 100 Units/dayWorking days/Month: 25 daysO/H costs: 15%Profit Rate: 25%Rate of Growth for the company: 15% per yearAs the production grows, the operating costs will grow with the same rate as wellThe initial funding to purchase manufacturing equipment, furniture and other office facilities& remodeling of the leased buildings is = $350,000List of Tasks (NOT in Proper order!):Market Research 1 months $8,000Plan for Business 1months $12,000Select Location, Land/Building for manufacturing 5 weeks $7000Select Office Space for Business 2 weeks $3,000Strategies/Objectives 1 week $5,000Installing manufacturing equipment/machineries 2 months $10,000Order additional equipment/tools/machineries 2 weeks $60,000Order Office Equipment, Furniture, etc. 1 week $10,000Design your Product 2 months $20,000Approvals by Management for Design & Business Plan 2 weeks $8,000Place order for all Components & Material for Production 3 weeks $15,000Hire Production crew 3 weeks $10,000Train the Production Crew 1 week $5,000Hire Office Staff and setup Management team 2 weeks $8,000Prepare Manuals for finished products & printing 3 months $15,000Promotions &Advertising 3 months $85,000Prepare marketing Materials 2 months $25,000Select Dealerships 3 months $15,000Testing the initial batch of Products for QC,before the mass Production starts: 2 weeks $10,000

You might also like
Complete tasks F though J as explained in the SHRM Case Study Designing a Pay Structure. 1 answer below »
12 page ppt on Stategic Management and Marketing as outlined below
Why is the indirect approach oft en used in persuasive messages? a. It is more courteous and… 1 answer below »
Freight car loadings over an 18-week period at a busy port are as follows: Week Number Week Number W 1 answer below »
Discussion: The Systems Development Life Cycle and the Nurse Informaticist The systems development life cycle (SDLC) is a model for planning and implementing change within an organization. It is important for many individuals to be represented in the process, especially the end users of the system or the employees who must live with the change. As informatics become more and more widespread throughout the health care field, collaboration between information technology (IT) professionals and health care practitioners is becoming increasingly important. The nurse informaticist is able to combine the perspective of the information technology side with the clinical nursing perspective. While the titles and specific responsibilities of nurse informaticists vary across organizations and practice settings, the fundamental purpose of the role remains the same. Nurse informaticists synthesize their knowledge of how technology can improve health care with an understanding of clinical practice and workflow. This is why nurse informaticists can be instrumental in facilitating the SDLC for informatics in health care. For this Discussion, you examine the relationship between the nurse informaticist and the use of the SDLC. To prepare: Review the information in this week’s Learning Resources on the SDLC and the role of the nurse informaticist. Reflect on Chapter 1 of the Dennis, Wixom, and Roth course text and consider how the information about the systems analyst role translates into nursing and health care. Consider a recent change in your organization related to the implementation of a new technology or system. How was this change handled? What was the general SDLC process? Who was involved, and what were the outcomes? Identify whether your organization (or one with which you are familiar) has a formal title or position for the nurse informaticist. This position may be called by a different name, such as nurse informatics specialist or informatics analyst, so be sure to review the position description. If your organization has a position for the nurse informaticist, what are the responsibilities of that position? If your organization does not have such a position, conduct research in the Walden Library and at credible online sources on the role of the nurse informaticist. Reflect on the role of the nurse informaticist in the overall health care field. How is this position connected to the SDLC? Assess the benefits of having this specialized position within health care organizations and involving the nurse informaticist in the SDLC. Post by tomorrow 8/30/16 550 words in APA format with a minimum of 3 references from the list provided under Required Readings. Apply the level 1 headings as numbered below: 1) A description of how the systems development life cycle is utilized in your organization (Hospital), or in one with which you are familiar, and assess its effectiveness. 2) Assess the role of the nurse informaticist in your organization. If the nurse informaticist is not a current position within your organization, provide a description of the generally accepted role of the nurse informaticist based on this week’s Learning Resources and your own research. 3) Explain why it is important for the nurse informaticist to be involved in the SDLC process and the overall organizational benefits of having such involvement. Required Readings Dennis, A., Wixom, B. H., & Roth, R. M. (2015). Systems analysis and design (6th ed.). Hoboken, NJ: Wiley. Chapter 1, “The Systems Analyst and Information Systems Development” (pp. 1–34) In this chapter, the authors clarify the relationship between systems analysts and information systems development. The chapter also covers the basic business applications of information systems. McGonigle, D., & Mastrian, K. G. (2015). Nursing informatics and the foundation of knowledge (3rd ed.). Burlington, MA: Jones and Bartlett Learning. Chapter 10, “Systems Development Life Cycle: Nursing Informatics and Organizational Decision Making” Chapter 11, “Administrative Information Systems” Quality, organizational decision making is a requisite to successful advancements in technology. This chapter explores how workplaces respond to the necessity for improved information systems. Anderson, C., & Sensmeier, J. (2011). Nursing informatics scope of practice expands, salaries increase. Computers, Informatics, Nursing, 29(5), 319–320. Retrieved from the Walden Library databases. This article assesses the growing need for informaticists in the health care industry. The combination of clinical and information technology experience that informaticists possess makes them invaluable in assisting in the health care industry’s transition into a heavier use of information systems. Houston, S. M. (2012). Nursing’s role in IT projects. Nursing Management, 43(1), 18–19. Retrieved from the Walden Library databases. The societal advancements of information technology (IT) are major factors in the governance of health care organizations. This article gives an overview of how nurse informaticists blend their clinical know-how with IT to improve workflow and patient care. McLane, S., & Turley, J. P. (2011). Informaticians: How they may benefit your healthcare organization. The Journal of Nursing Administration, 41(1), 29–35. Retrieved from the Walden Library databases. Nursing informaticists help guide the implementation of information systems into health care organizations. The authors of this article evaluate how informaticists effect change in management and improve meaningful use in nursing practice. Prestigiacomo, J. (2012). The rise of the senior nurse informaticist. Healthcare Informatics, 29(2), 38–43. Retrieved from the Walden Library databases. The author of this article highlights the conditions of the health care industry and its growing reliance on data-driven decision making. Nurse informaticists are important in this transition, playing a major role in the development and utilization of electronic health records (EHRs). Warm, D., & Thomas, B. (2011). A review of the effectiveness of the clinical informaticist role. Nursing Standard, 25(44), 35–38. Retrieved from the Walden Library databases. Health care organizations rely heavily on information management and technology for organizational maintenance and patient care. This article examines the clinical informaticist’s role in facilitating the implementation of health information technology and spearheading clinical risk management.
Select a product of interest and explain how each of the four types of social media described in…
1. A sample of 25 observations has a standard deviation of 4. The sum of the squared deviations… 1 answer below »
Donata Muntean, Charles Sturt University, NSW, Australia, Melanie was exhausted. She had just… 1 answer below »