Post on 22-Nov-2014
description
Vacuum Cleaner Project
Presented by -
Lyn Ding, Jiami Lu. Zhun Ling, Haiyue Yu
University of Texas, Dallas
Green life, Good life.
Executive Summary
Quiet
Strong
LightEasy
Beauty
Features
GANTT ChartS-curve
• Exceeds customers’ expectations of the current market• Increase market share
47.8%
28.7%
10.5%
7.4%
5.6%Survey Result
Noise Suction Power Weight Cord
Market ShareHomeeasyGreen LifePartnerWholeLifejoyCustoMicrolivingHelperCleanHomekeeperHouseworkUzaLightening
Goals
Marketing Research
“Quiet”: Controlled under 30 dB, the lowest among comparable products in the market.
“Strong”: 10 lbs Suction Power, a water inner tank, spray high-temperature steam for deep Chemical free cleaning.
“Light”: 5 lbs weight without battery. The battery weights 1.5lbs.
“Easy”:
Traditional power cord;
Cordless availability with a long-last rechargeable battery up to 4 hours;
Different suction power levels (automatic switch / manual switch).
“Beauty”: Multiple sizes & fashionable color options.
Other:
Extended hoses and brushes;
Universal charger for worldwide use;
Magic Generation 3
Comparisons
Mag
ic 3
QG-100
3H-2
7
House
wife
Custe
eUza
a
Mm
um LL-7
0
40
80
Sound Output Pressure(dB)
Mag
ic 3
QG-100
3H-2
7
House
wife
Custe
eUza
a
Mm
um LL-7
0
4
8
12
Suction Power(lbs)
Mag
ic 3
QG-100
3H-2
7
House
wife
Custe
eUza
a
Mm
um LL-7
0
10
Weight(lbs)
Mag
ic 3
QG-100
3H-2
7
House
wife
Custe
eUza
a
Mm
um LL-7
0
2
4
Battery Lifetime(Hours)
Be ready for mass production after 12 months
Exceed customers’ expectation Increase market share up to
30% when it hits the market Keep 30%-35% market share
for next 5 years Bring significant profit and
cover the total cost of the project in 1 year
Forecast
Cur-rent year
Year 1 Year 2 Year 3 Year 4 Year 5
21%
30%33% 32% 33%
30%
Market share
SWOT Analysis
Strengths Weaknesses
ThreatsOpportunities
Potential difficulties in mass manufacturing High cost generates high price
New features meet customers’ needs Release of the product increases market share
Similar products hit the market earlier Saturation of products in the market
Experienced design and engineering team External experts hired
1 Project start N/A
2 Project planning 2.1 Complete market research and requirements gathering2.2 Approved project charter and project plan
3 Prototype design and test 3.1 Complete 1st prototype design3.2 Test 1st prototype3.3 Complete 2nd prototype design3.4 Test 2nd prototype3.5 Complete last prototype design3.6 Test last prototype
4 Project Closing 4.1 Complete testing reports gathering4.2 Ready to mass manufacture4.3 Project close out
WBS
Below is the Gantt chart, it shows all the tasks in the project and there dependencies.
Gantt Chart
Below is the Cash Flow S-Curve, it gives the trend of the cash flow during the whole project, and also the left one shows detailed amount of money needed in a specific week.
S-Curve
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Cash Flow Report
Cost Cumulative Cost
Cost
Cum
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tive C
ost
The EVM shows the Actual Cost, Planned Value and Earned Value, and it also indicates the project status based on time and cost.
EVMW
eek 9
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Earned Value Over Time Report
Earned Value Planned Value AC
Cost
Category Risk LevelRisk Mitigation
Strategy
Technical risks Quality issueHigh
Quality control, professional consulting
Project Management risks
Inexperienced team and poorly defined key deliverables
LowHire well trained employees
Organizational risks
Short of funding Medium Follows up allocated budget
External risksPolicy or regulation issues
LowFollow up the newest regulations
Risk Analysis
Always identify conditions that could lead to delay during design and requirement process
Identify activities within the process that can be performed in parallel which could lead to time saving
Have a contingency plan that can be put in to use if any of the activities threaten to derail the major goal of the project
Try to follow up allocated budget for each activity to see whether it is used efficiently and effectively
If certain situation happens could lead to project delay or excessively over budget, always report to project manager ASAP
Lessons Learned
Thank You!
Green life, Good life.