Fabricant Manufacturing Project

Fabricant Manufacturing Project

Fabricant Corporation is a manufacturing company that makes and distributes specialized metal parts, serving over a thousand clients. This company has grown and expanded its shareholder base. Hence, its mission has improved to more than just providing quality products but also improving shareholder value. Lee Feinberg, the CEO of the company, asked his senior management team to propose projects that will align with the company’s sustainability objectives. Janice Scott, the Head of Strategic Planning, proposed three project activities that would contribute to the company’s achievement of its sustainability goals;

• Solar panel installation
• Interior and exterior retrofit of industrial lighting throughout the facility
• Adoption of less energy-intensive welding processes in the production facilities

The following is a project management plan designed to examine the feasibility of the project and the implementation of resources and processes to help the team achieve its desired objectives.

1. Project Initiation

• Feasibility Analysis

A feasibility analysis evaluates a proposed project’s practicality (Gray et al., 2008). The Fabricant Manufacturing Project has adequate economic, organizational, and technical feasibility. First, the project is feasible economically because it is expected to cause significant financial savings for the company. The solar panel investment is expected to earn the company $50,000 per year in energy savings and up to 20% return on investment within the first six years. On the other hand, the interior and exterior lighting retrofit is expected to have an 89% return on investment. Lastly, the company is expected to achieve up to 70% reduction in energy consumption with the installation of less energy-intensive welding processes.

• Project Alignment with Organization’s Strategic Goals

The CEO of Fabricant Manufacturing identified three main goals for the company; reduce energy consumption by a minimum of 20%, raise community consciousness of environmental issues and concerns, and generate a return on investment of at least 15%. The proposed project activities will help the company to achieve these objectives. Solar panel installation and changing to energy-efficient lighting and welding processes help the company to significantly reduce its energy consumption. Each project activity has estimated investment returns of at least 20%. Lastly, making these energy consumption changes will help raise community awareness on environmental issues by showing the efficacy of energy-efficient production methods.

• Project Charter

This project aims to improve energy efficiency at Fabricant Corporation to generate more stakeholder value. The following are the main objectives of the project;

1. Reduce energy consumption by a minimum of 20%
2. Raise community consciousness of environmental issues and concerns
3. Generate a return on investment of at least 15%

The scope of the project includes; the installation of solar panels, improvement of the interior and exterior industrial lighting throughout the facility, and the adoption of energy-efficient welding processes in the company’s production facilities. The following is the project’s charter.

• Project Timeline and Cost Estimate

This project is estimated to take three months from the project initiation date. The estimated project costs are $310,000, with expected offsets of $245,000.

• Stakeholders

A stakeholder analysis is an evaluation of the list of stakeholders who will be critical to the project’s implementation. This list also includes parties that will be affected by the project’s implementation (Meredith et al., 2017). Attached is a stakeholder analysis, which includes a list of the stakeholders, their roles in the project, their interests, and their classification.

References

Gray, R. M., Cook, M. B., Natera, M. T., Inglis, M. M., & Dodge, M. L. (2008). Project Management: The In Managerial Process”, McGraw-Hill.

Meredith, J. R., Shafer, S. M., & Mantel Jr, S. J. (2017). Project Management: A Strategic Managerial Approach. John Wiley & Sons.

Stakeholder Analysis Template

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QSO 640 Milestone One Guidelines and Rubric

Overview:

In the final project, you will develop a complete project plan for a hypothetical organization. Each milestone assignment will help you complete portions of the final project. In this milestone, you will analyze the Fabricant Manufacturing Project (case study available in MindEdge) and begin tasks related to initiation. You will first define the project in the project charter during the project initiation phase.

Fabricant Manufacturing Project

Prompt:

The goal of this milestone is to apply project management skills acquired in the first three modules to a real-world project or situation. The analysis of the Fabricant Manufacturing Project case study (in Mindedge) should include an evaluation of the selection criteria, alignment with the organization strategic goals, project charter elements, project initiation approval, and stakeholder analysis (Template).

Specifically the following critical elements must be addressed:

1. Project Initiation
   1. Identify the economic, technical, and organizational feasibility of the For instance, how is the project a viable fit within the organization?
   2. Explain how the project aligns to the organization’s strategic goals utilizing the traceability matrix (in Mindedge).
   3. Develop a project charter that includes a high-level scope of what is to be
   4. Create a high-level timeline and cost estimate to complete the
   5. Identify the concerns of the internal and external key project stakeholders.
   6. Compare the level of support from all key project stakeholders to inform the course of action resulting in success of the
   7. Complete the stakeholder analysis template.

Guidelines for Submission: Your draft of the Project Initiation portion of your final project should adhere to the following formatting requirements: 3–4 pages, double-spaced, using 12-point Times New Roman font and one-inch margins. Utilize table(s) within your document as you create the high-level timeline and cost estimate. You should use current APA-style guidelines for your citations and a reference list with a minimum of two sources.

Module Three Project Scope Planning and Time Management

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