dart jetpack

DART JETPACKDamien TanAndreas TohRoy ChiaTavence Heng

INTRODUCTION The DART Jetpack project was started by 4

engineers in 2010. They wanted to merge business with engineering

in their venture by trying to market their jetpack using skills learnt from Project Management.

PROJECT OBJECTIVES Improve convenience in human lives Military usage

SCOPE OF PROJECT Estimated duration

-Research (3mnths) -Brainstorm (1Month) -Planning/blueprint stage (2months) -Miniature Model (1month) -Trouble shooting (1month) -Prototype stage (2years)

SCOPE OF PROJECT Estimated cost

-Planning stages $50 -Prototype stage $1000

RESPONSIBILITY MATRIX Responsibility matrix

Project leader DamienDesigner AndreasAccountant RoyScheduler Tavence

CURRENT ISSUES Choose which way to start the jetpack

- Fan- Chemical Reactions- Hydro

Logistical problem Budget constraint Technological problems/inability Safety issue Jetpack stabiliser problems Human testing

MANPOWER REQUIREMENTS Overall In-charge Researcher Planner Operational In-charge Marketer Sales person Technician Logistics In-charge Production In-charge Safety In-charge

RESEARCH

WORK BREAKDOWN STRUCTURE

Mindmap of Dart Jetpack

DART’S WORK BREAKDOWN STRUCTURE

COST ANALYSIS Resources, $1,240,305.00 Human Resource, Manpower, $

165,000.00 Marketing , $ 50,600.00 A.O.M, insurance, $ 110,000.00 Total Budget $ 1,565,905.00

ASSUMPTIONS Number of workers 100 Price per jetpack $5,000 Life time company insurance Hiring of Public Relations Staff in media

coverage Jetpacks sold per month 500 Amount of jetpacks made per month 500 Material cost per jetpack $2,000 The budget cost is per monthly basis sell to

retailer to sell to public 10% contingency Total Income $ 2,500,000.00 ROI 60%

PROJECT SCHEDULING Scheduling the Project Time

Microsoft Office Project1. Listing the tasks2. Placing them according to tasks and sub tasks3. Placing them according to prerequisites4. Inserting the estimated Time for the tasks5. Generate the Gantt chart

AON

Activity-On-Node (AON) Easier to see the Time allocation Easier to see the Predecessors.

AON1. Earliest Start Time

(EST) : the early start of a project

2. Duration : how long will this project completes

3. Earliest Finish Time (EFT): EST + duration

4. Latest Start Time (LST) : the latest time a project can start

5. Latest Finish Time (LFT) = LST + duration

6. Total Float = LFT – EST – duration

Create Prototype

2 1 3

6 4 7

OUR AON

-It took us 153 days to for the production of jetpacks-Our assumption is 180days-Creation of prototype is the only predecessor for cost analysis and test of prototype

0 5 5 Rental of Factory Assumption 180 days

5 14 19

5 14 19 Install utilities19 30 49

19 30 49 Renovation

49 7 56

49 7 56 Install Machinery

565 61

56 5 61Recuriting of worker

6130 91

61 30 91Research

91 10 101

91 10 101Design

101 8 109

101 8 109Create Prototype

1097 116

109 7 116 109 7 116Test Prototype Cost analysis

116 6 122 116 6 122

116 9 122Purchase Raw Material

12221 143

122 21 143Mass Production

1435 148

143 5 148Quality Check

148 5 153

148 5 153Delivery

153 27 180

RISK ASSESSMENTs/n Risk Description Probability

(1=low, 5=high)Impact (1=low,

5=high) Ranking1 Unable to locate factory site 1 5 72 Unable to find contractors 2 5 63 Delay in renovations 3 2 134 Faulty machinery during installation 4 3 35 Unable to find skilled workers 2 3 146 Office worker demand more pay 1 2 227 security companies charges too high 2 1 238 Unable to find proper accomodations for production crew 2 1 249 Unable to hire qualified quality check crew 3 3 8

10 R and D crew demand too high a pay 3 3 911 Lack of technical knowledge 2 4 1012 Inappropiate design 3 2 1513 Not enough raw materials for prototype 2 3 1614 Prototype malfunction 4 3 515 Delay in shipments of raw materials 2 3 1716 Unable to find supplier for raw material 2 2 1917 Not enough raw materials for mass production 1 2 2518 Lack of appropiate supervision while mass production stage 5 1 1119 Machinery malfunction during mass production 5 4 120 Production halted due to safety issues 4 4 421 Unable to meet quality check expectations 3 5 322 Over budget 4 2 1223 Delay in delivery 3 2 1824 Unable to find repair crew 1 3 2025 Insufficient funds to pay for warranty 1 3 21

TOP 5 RISKS-Machinery malfunction during mass production-Faulty machinery during installation-Unable to meet quality check expectations-Production halted due to safety issues-Prototype malfunction

Rank Top 5 risks Probability (1=low, 5=high)

Impact (1=low, 5=high)

1 Machinery malfunction during mass production 5 42 Production halted due to safety issues 4 43 Faulty machinery during installation 4 34 Unable to meet quality check expectations 3 55 Prototype malfunction 4 3

Rank Risks How probability can be reduced How impact can be reduced1 Machinery malfunction during mass production Perform frequent maintainence and checks Multiple production lines2 Production halted due to safety issues Implement stringent rules for workers to abide Stock up on products3 Faulty machinery during installation Getiing a reliable supplier Request for earlier delivery time4 Unable to meet quality check expectations Enforce quality standards for quality standard Increase the quality standards for the quality checks5 Prototype malfunction Thorough analysis of failures Have a backup team doing a prototype

CREATION OF PROTOTYPE Video 1-fail launch Video 2-disintegrated rocket

CONCLUSION Gained valuable experience Know how to manage a project Hope to make this a reality

THE END

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