This is about Project Management/Operations Management. I answered some, but not

Question

This is about Project Management/Operations Management. I answered some, but not sure if they're right.

Imagine you are the project manager for a team developing a new operating system for a 2nd generation smart-refrigerator. Match the following statements to the SWOT area to which they belong The development sub-team has little experience developing appliance operating systems A recent survey report has shown that a large number of consumers want to upgrade their appliances to smart appliances. Another appliance company is partnering with a tech co You have let a successful smart appliance project for another company in the past. answered Points out of 1.00 Flag question O mpany to build something similar Imagine you are the project manager for a team developing a new operating system for a 2nd generation smart-refrigerator. Which of the following would NOT belong in your project charter? Not yet answered Points out of 1.00 question Select one O a. List of team members with their roles and responsibilities o b. Detailed budget breakdown, including spending plans on a week-by-week basis O c. A statement similar to A successful project wil be completed by March of next year, within 20% of budget, with at least 65% rating on the customer pilot program 2 survey d. A section for stakeholders to add a few comments like "I don't need the weekly details, but I want to know when a big hurdle comes up." n 3 Assume you are a partner in a small start-up company aiming to design add-on software for smart appliances that conform to the smart appliance software industry standards Not yet answered You have $300,000 in capital to invest, but it's only enough to sustain the company for a couple of years. One project option (call it Project A) has a NPV of $576,000 and a payback period of 4 years. Another project (call it Project B) has an NPV of $250,000 with a payback period of 2 years. Which one would be the smart selection for your company to pursue at this time, all other factors considered equal? Points out of 1.00 Flag question Select one a. ProjectA o b. Project B 4 Project A has discounted costs of 50 in year 0, 20 in year 1, and 20 in year 2. Its discounted benefits are 0 in year 0, 80 in year 1, and 30 in year 2. What is its ROI? Not yet answered Points out of 1.00 question Select one ° C. 122% d. 1.18%

Explanation / Answer

Question 1)

>> The development sub team has little experience. This is a weakness. Less experienced team might not be able to perform that well

>> Consumers upgrading to smart appliances. This is a business opportunity. There is a newly generated demand and early movers can take the advantage

>> Another appliance company is preparing something similar. It is a threat. The threat is that substitute is available for your product.

>> Success project in the past company. Already having experience on a similar project is a strength

Question 2)

Option d) A section of stakeholders to add comments like......

Other three options are requirements for any project to be successfully implemented.

Question 3)

One should select project A. The NPV of A is more than double the NPV of B. Though the payback period is higher for A, the returns are much more

Question 4)

Total investment = 50+20+20 = 90

Total benefits = 80+30 = 110

Net returns = 110-90 = 20

Therefore ROI = 20/90= .22

ROI is 22%

Option b

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