Project management and quality assurance Assignment

Project management and quality assurance - Assignment Example But after the calculation for net present value we have for project Mu 924,420, for project Eta 841,872 and for project Iota 370,072. To sum up due to above calculation project Mu is the recommended project because it has got less setup cost which is 1200000 and better payback period than the others which is 3 years and the net present value is much better than the other two project which is 924420 and project Iota has the high setup cost and late payback period and with low net present value. Due to underestimating the task A and task F the project would be finish later than the above estimated time which was 23/04/07. After the rescheduling the new finish day for the project Kappa would be on Monday 12/05/07 which would be 18 weeks When the plan of a project will rescheduling it would directly affect the cost and benefits of the project because the project would be finish later than the estimated time and it needs more work to do on it than the original plan so the main cost which is programmer cost will directly affect the benefit. According to I chart the project completes on 23-4-07 and by the new schedule the project will end on 9-5-07 This results in more than 2 weeks of delay and the marketing strategies also needed to be changed. The deadline mentioned to the customers about the supply of software need to be changed or the time duration between the completion of the project and the delivery of the product to the customer need to be decreased. If the cost based changes are concerned, the company has to pay for the programming and development costs for a period of 2 weeks more. This increases the expenditure on the product by 12.5 percent. The cost effectiveness of the product also decreases by that extent. If the company want to market it at the same price decided before rescheduling, there is a need of supplying for more customers initially as the supply to more number of customers will increaser profitability on same cost price. The increase of time in the production can be tolerated as no release of competitor's products is sited. This gives the company time to make the product bug free and to increase the functional performance. Due to increase in the production time, the marketing manager may object due to the delay in release of the product into the market. They can be