John Jr.’s Plan 3
Cost and Profits 4
Exhibit 1: Project Scope Statement 7
Figure 2: Approach to Project 8
Figure 3: Revised Work Breakdown Structure 9
Figure 4: Required Tools Breakdown 10
Figure 5: Return of Investment (ROI) Calculations 10
Figure 6: Net Present Value (NPV) for Next 5 Years 10
Figure 7: Project Life Cycle (Effort vs. Time) 11
Figure 8: Gantt Chart for Pool Installation 11
Ringold’s Pool and Patio Supply is a small business specializing in above and below ground pools for home use. It is owned and operated by John …show more content…
However, based on the analysis of the installation alone, it is not advisable to Ringold’s to invest in installation of above ground pools.
Project Scope This project will determine the profitability of installing above ground pools by Ringold’s Pool and Patio Supply. We will research the costs that will be incurred by the company that will not be paid by the customer. Once the costs have been accurately determined, we will generate a couple of different scenarios where the Return of Investment will be 50% or greater, which we have determined to be an acceptable ROI. By the completion of this project we will deliver a recommendation to John Ringold, Sr. on what we confidently feel is the best course of action. The two options are to begin installing the pools or to continue to allow outside agencies to do this.
Exhibit 1: Project Scope
Figure 2: Approach to Project Work Tasks | Labor Hours | Estimated Total | 1.Prepare ground surface | | 3 hours | -Clear | 1 hour | | -Rake | 20 min | | -Level | 1 hour | | -Sand Botom | 20 min | | 2.Lay out pool frame | | 2.8 hours | -Bottom ring | 1 hour | | -Side panels | 30 min | | -Top ring | 1 hour | | 3.Add plastic liner | | ~34 minutes | 4.Assemble pool | | 1.86 hours | 5.Build wooden support | | 3.36 hours | -Layout | 1 hour | | -Assemble | 2 hours | | 6.Fill and Test | | 2.24 hours | TOTAL | | 13.8