POM+ Project Squeezing the Juice Out of the Beverage Market POM+ Project • • • • Introduction Priority Matrix Work Breakdown Structure Critical Path POM+ Project • • • • Resource Allocations Earned Value Cost Indicators Earned Value Schedule Indicators Conclusion Introduction • • • • • Big Kola Company soda sales Losing profits Emerging Specialty Juice Market Market Research POM+ Project POM+ Priority Matrix Time Scope Constrain X Enhance Accept Cost X X Work Breakdown Structure • • • • • • Research & Development Secure Fruit Suppliers Initial Production Distribution Legal Prepare Product Launch Critical Path • • • • • Need survey Set product specs Shelf life report Secure fruit suppliers Equipment rehab Critical Path, continued • • • • • Production trials Quality trials Quality metrics Quality training Prepare product launch Critical Path, continued • • • • • Production trials Quality trials Quality metrics Quality training Prepare product launch Gantt Chart- Critical Path Resource Allocations Resource Available Hourly Rate Marketing 5 $80/hr R&D 5 $80/hr Engineering 10 $100/hr Purchasing 2 $60/hr Quality 3 $80/hr Designers 3 $60/hr Legal Staff 3 $120/hr Production 20 $60/hr EARNED VALUE MANAGEMENT Earned Value Cost Indicator • • • • • CPI- .70 EAC- $2.4 million BAC- $1.7 million VAC- $710,000 TCPI- $1.15 Earned Value Schedule Indicator • SPI- .69 • SV%- .31 • SV- $184,000 Earned Value Management crucial to project success. Conclusion • Business savvy • Priority Matrix • EVM REFERENCES Cohen, M. W., & Palmer, G. R. (2004). Project Risk Identification and Management. AACE International Transactions, 1. Business Source Premier, EBSCOhost Davies, J. R. (1995, November 6). Using work breakdown structure in project planning. Plant Engineering,49(14), 54+. Retrieved from http://go.galegroup.com/ps/i.do?id=GALE%7CA1798558 4&v=2.1&u=klnbsouthwest&it=r&p=AONE&sw=w Larson, E. W., & Gray, C. F. (2011). Project management, the managerial process (5th ed.). New York, NY: McGraw Hill Irwin. REFERENCES Poletti, B., & Marcoux, R. (2008). Performance indicators for project management. CMA Management, 82(6), 24-28. Business Source Premier, EBSCOhost. Slack, N. (1994). The importance-performance matrix as a determinant of improvement priority. International Journal of Operations & Production Management, 14(5), 59-59. Retrieved from http://ezproxy.sckans.edu/login?url=http://search.proques t.com/docview/232337910?acco untid=13979