27/1/12

Its about time that we wrap up everything..

This is the URL for our group report.

https://docs.google.com/document/d/123h57LRcMbIpl-CAA0nxE01uDrhJyDU_7rz8zehZcBE/edit?hl=en_US#

20/1/2012

The figure below show us the cost-benefit analysis of our solar panel project. First of all, the depreciation of the cost will be 25 years. Hence the monthly cost will be around $2772, the revenue that we gain will be around $5561.33. The productivity gain will be $3500 and the better recognition for more customers will be $5000. Therefore, we can calculate the cost-benefit of this project by adding the revenue, productivity gain,better recognition and subtracting the monthly cost. The answer will be $11,289.33

Whereas, the ROI is

Legend:

Revenue = gain from investment

cost of project = cost of investment

Therefore, by subtracting the selling price with the cost, we can get the revenue for this project.

The figure below give us a summary report and also consist of an analysis of the cost-benefit and *ROI ( Return Of Investment) for our project. Our total estimated cost for this project will be $831,600. Our analysis of the monthly cost-benefits will be around $11,289.33 and the ROI will be 1.

*ROI is the performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio.

The return on investment formula:

Read more: http://www.investopedia.com/terms/r/returnoninvestment.asp#ixzz1k3EQY1z4

Lastly, I wish everyone Happy Chinese New Year in advance!! :)

13/1/12

The above figure is the cost table for our project.

Some people may ask, " why do we need the cost table for?" Here's the answer, the cost table is important as it tells us the breakdown of a simple task into subtasks and into sub-subtasks. It also tells us how much is our fixed cost and how much is our variable cost. Besides that, we can also use it to find out our total cost that we need for our project. Hence, this will determine the selling price of our project. Therefore, this concludes that it is important to have a cost table so that we can see clearly what do we need.

6/1/12

This is our risk assessment and management for our project (building a solar panel on top of HDB flats). We have it ranked according to the risk level (from the highest probability and highest impact). Now, lets look at the first 3 risk that we need to find a solution for.
First risk was delaying in installing the Solar Panel which has a higher probability of occurring and it will give us a higher impact.
The second risk was the poor design of the Solar Panel which has a low probability and a high impact.
The third was wrong materials used and it has a low probability of occurring and it will give a high impact to our project.

This is our new AON for our project (picture shown below). Due to evaluation from our risk assessment, we might need an additional cost of $505k and a extension of schedule by 1 month. By doing this, we can reduce the probability and the impact of delaying in installing the Solar Panels and a poor design of our Solar Panel.