Project Recommendation Essay Example | Topics and Well Written Essays - 500 words

Project Recommendation - Essay Example The company has commenced investment in the project and lack of implementation may lead to substantial monetary losses. One way of dealing with uncertainty is employment of pretested technology. This may be a plus for the Project Stargazer as its research and development has been going on for a while. The return on investment determines the profitability of implementing the Project Stargazer through assessment of monetary implications of the funds and schedules. When the magnitude and timing of investment in the Project Stargazer is gauged and the timing of investment gains is directly proportional to the magnitude and timing of costs, a high return of investment is identified. This indicates that the gains associated with this project compare favorably to the implementation costs. This return of investment clearly shows that the project will not only be profitable, but also use the funds directed at it efficiently. The project will break-even when the total sales and revenues equalize the total expenses associated with the Project Stargazer. At this point, no losses or profits will be associated with the project, though with a high return on investment, the project is likely to break-even with ease. The product that is associated with this project is also innovative and has not been introduced in the market before. Developing and marketing such a product will be beneficial to the company as it will be developed for the first time. Success of the Project Stargazer might also pave the way for the company to market a variety of other products in the future. Project conception: The project Stargazer has already been researched and its development is already in progress. Previous analysis suggests that implementation of the project will benefit the company and chances of successful completion are high. Definition and planning: After the company approves the development of the project, a project plan outlining the