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

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The EVM shows the Actual Cost, Planned Value and Earned Value, and it also indicates the project status based on time and cost.

EVMW

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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.