Plushie Company - PPT Slides

8/8/2019 Plushie Company - PPT Slides

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Plushie CompanyProject Management


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Yong Lin,

Jian Sheng,

Jonathan,

Li Yi,

Project Team


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We started with ...


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Idea Generation Water Sensor

Bag Strap Adjustor

Life

-

sized Plushie


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Water Sensor Shaped like a cup

Able to freeze or heat water

Use liquid hydrogen to rapidly freeze

Use electrical power to heat up

Powered by

12V

battery


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Bag Strap Adjustor Looks like a

regular

bag

Detect users height difference ratio thus

adjust the strap to an appropriate length

Minimize the burden on the user


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Life-sized Plushie Human-sized plushie

Sensor to detect emotions

Voice speaker to respond

Movable arms to cuddle the user


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Life-sized PlushieFinal Decision!


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With a new idea ...


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ObjectiveTo design a life size plushie that

feels the users emotions andreacts in sync.


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Idea Generation

Idea Screening

Concept Development and Testing

Business Analysis

Product Development Cycle


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Beta Testing and Market Testing

Technical Implementation

Commercialization

New Product Pricing

Product Development Cycle


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Estimated Cost Concept Development and Testing

Beta Testing and Market Testing

Technical Implementation

Commercialization (Production of 100

products)


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Estimated Cost

$600,000Total Estimated Cost


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Project Sponsor /Manager Ong Yong Lin

Business Analyst Jonathan Ang

Technical Architect Lam Li Yi

Applications Development Tan Jian Sheng

Responsibility Matrix


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Stage Project Sponsor/Manager

Business

Analyst

Technical

Architect

Applications

Development

Idea Generation C A R R

Idea Screening C R C C

Concept Development

and Testing A C R R

Business Analysis I R C C

Beta Testing and Market

TestingI R A C

Technical

ImplementationI C R R

Commercialization A R I I

New Product Pricing A R C I

Responsibility Matrix


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Artist Impression


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Project Mindmap


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Moving on ...


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WBSDirect

LabourOverhead

CostsContingency

Cost

TotalVariable

Costs

TotalFixedCosts

TotalCosts

Engage propertyagent to findsuitable location

2500 0 250 2500 0 2750

Hire contractorto renovate workarea

3000 0 300 3000 0 3300

Location

Budget Breakdown


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WBSDirect

LabourOverhead

CostsContingency

Cost

TotalVariable

Costs

Total FixedCosts

TotalCosts

Purchase

productionequipment

0 50000 5000 0 50000 55000

Engage logisticscompany totransportequipment to site

0 5000 500 0 5000 5500

Hire workers tomove-in theequipment

0 1500 150 0 1500 1650

Budget BreakdownLogistics


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WBSDirect

LabourDirect

MaterialsDirect

ExpensesOverhead

CostsContingency

Cost

TotalVariable

Costs

TotalFixedCosts

Total Costs

Hirecontractors toinstall theutilities

0 0 0 5000 500 0 5000 5500

Purchase rawmaterials

0 384000 0 0 38400 384000 0 422400

Engage safetyofficer toinspect site

0 0 1000 0 100 1000 0 1100

Budget BreakdownUtilities


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WBSDirect

LabourDirect

MaterialsDirect

ExpensesOverhead

CostsContingency

Cost

TotalVariable

Costs

TotalFixedCosts

Total Costs

Hire designer 4000 0 0 0 400 4000 0 4400

Hire engineer 4000 0 0 0 400 4000 0 4400

Hireoperators

4500 0 0 0 450 4500 0 4950

Hire labourpersonnel

3600 0 0 0 360 3600 0 3960

Budget BreakdownHuman Resource


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WBSDirect

Labour

Direct

Expenses

Overhead

Costs

Contingency

Cost

Total

Variable

Costs

Total Fixed

Costs

Total

Costs

DevelopingPrototype

0 0 1800 180 0 1800 1980

Mass Production 0 0 0 0 0 0 0

Engage a

professional

engineer to test

and commission

product before

release

0 0 1000 100 0 1000 1100

Budget BreakdownProduct


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WBSDirect

Labour

Direct

Expenses

Overhead

Costs

Contingency

Cost

Total

Variable

Costs

Total Fixed

Costs

Total

Costs

Advertising Cost 0 2000 0 200 2000 0 2200

Hire sales

promoters6400 0 0 640 6400 0 7040

Budget BreakdownMarketing


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Budget Breakdown

$527,320Total Cost


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Location

Engage property agent to find suitable location - rate: 2.5k basic pay

Hire contractor to renovate work area - 3k basic pay

Logistics

Purchase machines - $50,000 (one-time payment)

Engage logistics company to transport equipment to site - 5k (one-time payment)

Hire workers to move-in the equipment - $1,500 (one-time payment)

Assumption


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Utilities

Hire contractors to install the utilities - $5,000 (one-time payment)

Purchase sensors, speakers, stuffing - $384 000 per month

Engage safety officer to inspect site - as per need basis, rate: $500 per hour, once a monthfor 2 hours

Assumption


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Human Resource

To hire 2 designers - rate: S2000 per month, min req: 3 yrs exp

To hire 2 engineers - rate: $2000 per month, min req: Beng

To hire 3 operators - rate: $1500 per month, min req: 2 yrs exp

To hire 3 labourers - rate: $1200 per month, min req: fit

Assumption


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Product

To develop 20 prototypes - cost: $90 per piece

To produce 160 products per day - price: $250 per piece

Engage a professional engineer to test and commission product before release - rate: $500per day, 2 days

Marketing

To produce TV advertisements, publish on newspaper - $2000 per month

To hire 5 sales promoters - rate: $8 per hour, 8 hours per day, commission: $15per piece

Assumption


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Gain From Investment

Return of Investment

$250 x 20 x 160Product Selling Price Sale Days Sales Per Day


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$800,000Gain from Investment


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$527,320Cost of Investment


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51.74%Return of Investment


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And next ...


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Gantt Chart

Microsoft Project


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Gantt Chart

Microsoft Project


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S/N Tasks Duration (Days) Predecessor

A Engage Property Agent 3

B Request for Quotations (Equipment) 3

C Rent Location 1 A

D Purchase Production Equipment 5 B

E Request for Quotations for Contractor 3 C

Activity-On-Node


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F Request for Quotations (Raw Materials) 3 C

G Hire Contractor 7 E

H Purchase Raw Materials 5 F

I Hire Designer 7 G

J Hire Engineers 7 G

Activity-On-Node


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K Hire Operators 7 G

L Hire Labourers 3 G

M Renovate Work Area 21 G

N Engage Safety Officer 5 M

OEngage Logistics Company to TransportMaterials

7 M, H

P Moving in the Equipments 5 M, D, O

Activity-On-Node


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Q Developing Prototype 14O, I, J, K, L,

P

R Engage Professional Tester 2 Q

S Mass production 7 R

T Hire Sales Promoter 3 S

Activity-On-Node


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Assuming Latest Finish Days: 75 DAYS

Activity-On-Node


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Critical Path: A-C-E-G-M-O-P-Q-R-S-T = 73 DAYS

Activity-On-Node


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Finally ...


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Risk Assessment Analysing the possible risks of our project

Riskis determined based on the probability

of it happening and the impact of the risk on

our project


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Risk DescriptionWays to solve

Probability Impact

Damage to equipmentHire experiencemovers/workers

Claim warranty for thedamaged equipment

Lack of suitable location Adjust criteria for location tosuit current condition

Request temporary locationfrom third-party

Unable to source for the rightequipments

Source on a wider scope ofsuppliers

Use suitable substitution

Lack of employees with suitablequalifications

Recruit foreign talents

Recruit workers that fit the

criteria more and send forperiodic training

Workplace accidentsEngage safety officers onchecks more often

Claim insurance

Top 5 Risks


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Top Risk: Damage to Equipment High probability & High Impact

When equipment is mishandled or misused

by unskilled workers

Damaged equipment will hinder the flow of

the project


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Top Risk: Damage to Equipment Additional costs of up to $10,000

Schedule affected as additional 1-2 weeks is

needed for servicing


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Top Risk: Lack of Suitable Location Without suitable location, the project will be

lacking in a production site

Possible solution could be to rent a

temporary site for production


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Top Risk: Lack of Suitable Location Result in extra rental costs of between

$5,000 and $10,000 depending on the size

of the site

Schedule affected by 2-3 weeks depending

on the length taken to find site


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Thank You!Have a nice day!

Plushie Company - PPT Slides

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