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Fabricant Corporation

Fabricant Corporation, an innovative manufacturing company, is seeking additional approaches to expand itself. The corporation intends to enhance its energy supply and quality of commodities. It targets to lower the quantity of energy consumed by approximately 20%, generate a return on investment ranging at 15% or more, and create community awareness of ecological concerns. The corporation’s senior manager proposes the implementation of strategies aiming for constant improvement on key sustainability metrics; hence he recommended the pursuit of the industrial lighting retrofit project. In essence, the project targets the replacement of the energy-consuming lighting fixtures presently utilized in Fabricant facilities with more proficient technologies. For instance, T-12 fluorescent lighting can be replaced with T-8 Vaportite fixtures or metal halides substituted with LED technologies. Sensors and new fluorescent fixtures can also be installed in retrofit offices and break rooms. Wireless sensors and motion detectors may be fitted throughout offices and production stations to switch off lights automatically.

Project feasibility will be assessed by determining whether its objectives correspond with the organization’s short-term and long-term objectives. An economic feasibility study should be conducted to evaluate the project’s charges, benefits, and viability prior to allocating the required funds (Muharrami, 2019). Fabricant project’s initial costs are estimated at $310,000 though will be offset by incentives and discounts accumulating to $245,000. Hence, total project costs will range at $65,000, generating a return on investment of 89% within the first year.

To assess the efficiency of technical resources, a technical feasibility study will be conducted. Fabricant Corporation team members’ expertise and ability show potential to complete the project effectively. Further, its selection of IT and logistics and environmental experts will prompt successful project implementation. Stakeholders with knowledge on the utilization of GPS in monitoring fuel consumption will be recommended to further comprehend the costs, benefits, and ecological impact of fossil fuel usage.

Organizational feasibility will aim to determine the efficiency of its structure and its correspondence with available resources. Fabricant Corporation should ensure that its intended objectives are achieved. The project is likely to achieve organizational objectives for decreasing energy consumption. This will increase community awareness regarding the significance of environmental preservation and organization’s role in environmental initiatives.

How project aligns with organization’s strategic goals

The project’s objectives align with organization’s strategic goals for raising community awareness on environmental concerns and energy conservation. According to the checklist model performed by the project team, project outcomes revealed an increased return-on-investment of approximately 89%, energy preservation, and comparatively low expenditure at $65000.Moreover, the establishment of LED technologies and wireless sensors will ascertain the achievement of Fabricant Corporation’s goal of energy-use reduction.

Project Charter

Project Title:       Industrial Lighting Retrofit

Date:                    November 5, 2020

Project purpose: Minimize energy consumption by at least 20%.

Goal:                        Substitute all internal and external lighting fixtures of Fabricant Corporation                                                              facilities with energy-conserving technologies.

Project Objectives 

  • Reduce energy consumption by a minimum of 20%.
  • Increase community awareness of environmental issues and concerns.
  • Generate a return-on- investment of at least 15%

Business case: Fabricant Corporation’s proposed project will focus on the identification and substitution of all its lighting fixtures in its workplaces, power stations and warehouses. All these areas will be fitted with new energy-saving equipment to significantly minimize energy costs and utilization.

Constraints

  • Internal stakeholders including employees’ attitudes towards change.
  • Inadequate funds and resources to support the project life cycle.

Assumptions

  • Consistent supply of project funds and resources throughout the project timeline.
  • Lighting fixtures require less maintenance.

Project Deliverables

  • Lighting fixtures that use less energy.
  • Survey report on the significance of less energy use to the environment.
  • Survey report on community awareness of environmental significance.
  • Project report.

Project team members 

Clara Lewis – Project Manager

Matt Rodger –Strategic planning assistant

Peterson Silverman – Finance and Economics expert

Carlos Antonio -OSHA representative

Jose Federico  –Environmental manager

Jeff Stevens – PR manager

 

Risks 

  • Disruption of project activities resulting in delays.
  • Under-estimation of capital due to estimates.
  • Lack of proper communication among team members interfering with program progress.
  • New technologies failing to meet the anticipated outcomes.

Project timeline

The project is expected to take four months and should be completed by Feb 5, 2021.

Measurable success criteria

  • Reduced energy utilization.
  • Improved lighting.
  • Less environmental degradation by 15% within 6 months.

 

 

 

 

 

 

 

 

Project timeline

Tasks Nov  Dec  Jan Feb
Perform cost-benefit analysis      
Risk assessment        
Develop project proposal      
Assess project charter       
Define program activities      
Prepare schedule        
Engage in resource planning      
Conduct budget planning      
Determine and record project risks      
Perform procurement planning      
Participate in communication planning      
Devise project plan      
Conduct quality assessment      
Oversee project procurement activities      
Oversee communication management      
Manage risks      
Train team members      
Draft final report      
Develop a final report      

 

Budget

  Cost per item Total costs
Training    
Team Members’ Training $20,000 20,000
Equipment installation    
LED technologies 40,000 40,000
Vaportite fixtures 15,000 15,000
Wireless sensors and motion detectors 80,000 80,000
Personnel    
Project manager fee 30,000 30,000x 4=120,000
Project assistant fee 20,000 20,000×4=80,000
Project team incentives 15,000 15,000×4=60,000×8=480,000
Repairs & Maintenance 25,000 25,000
Utilities 35,000 35,000
Total   895,000

 

Concerns of internal and external stakeholders

Notable concerns for internal stakeholders constitute staffing issues, communication, and project costs. Project managers are greatly concerned about staffing issues and communication within the team. Staffing issues correlate with project turn over. In the case where team members receive employment in different projects, project knowledge may be lost and it would be difficult to find competent replacements. Further, poor communication among stakeholders including managers and team members may impede project progress leading to delays and unmet deadlines (Collinge, 2016). Inadequate funds are yet another critical concern especially for the project manager as it may disrupt the development of the project. External stakeholder concerns comprise different levels of urgency and conflicting priorities whereby several stakeholders may feel the need to hasten the project whilst others may propose its extension. External stakeholders are also concerned about whether the ultimate goal of the project will be achieved.

 

Support for key stakeholders

The project team will ensure that project objectives are met by completing deliverables and providing their proficiency. The project manager will oversee the project. He or she will be accountable for the whole project and engage in its planning, management, and implementation Pinheiro, 2015). The project coordinator utilizes program management methodologies to assert that expected results are delivered on time and within the budget and scope (Cunningham & O’Reilly, 2019). The environmental manager will oversee the environmental performance of the project, the IT manager will coordinate technical issues while the financial analyst will focus on financial matters that influence the project. External stakeholders such as sponsors will provide funding and support for the project while consumers will endorse the products of the project. The steering committee will constantly motivate the team ensuring that they feel empowered to participate in the project.

 

 

 

 

 

 

 

 

 

Stakeholder Analysis Template

Name Role Interest Power Classification
Clara Lewis Project Manager High High Internal stakeholder
Peterson Silverman Finance and Economics expert Medium Medium External stakeholder
Carlos Antonio OSHA representative High High External stakeholder
Jeff Stevens PR manager Medium Low External stakeholder
 Jose Federico Environmental manager High High External stakeholder
Matt Rodger Strategic planning assistant High Medium External stakeholder
Team members Execute tasks Medium Medium Internal stakeholder

 

 

 

References

Collinge, B. (2016). Stakeholder management strategies during construction project work.   British journal of healthcare management, 22(8), 394-400.

Cunningham, J., & O’Reilly, P. (2019). Roles and Responsibilities of Project Coordinators: A          Contingency Model for Project Coordinator Effectiveness (No. JRC117576). Joint      Research Centre (Seville site).

Muharrami, S. (2019). Economic Feasibility Study: Preparation and Analysis. Sultan Qaboos         University Printing Press.

 Pinheiro, R., 2015. The Role of Internal and External Stakeholder.

Cite this Page

Fabricant Corporation . (2021, December 17). Essay Writing . Retrieved February 22, 2024, from https://www.essay-writing.com/samples/fabricant-corporation/
“ Fabricant Corporation .” Essay Writing , 17 Dec. 2021, www.essay-writing.com/samples/fabricant-corporation/
Fabricant Corporation . [online]. Available at: <https://www.essay-writing.com/samples/fabricant-corporation/> [Accessed 22 Feb. 2024].
Fabricant Corporation [Internet]. Essay Writing . 2021 Dec 17 [cited 2024 Feb 22]. Available from: https://www.essay-writing.com/samples/fabricant-corporation/
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