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We XYZ. Pvt Ltd are the retail company having various products in clothing and cosmetics having our
own stores in Tier 1 city and franchises given at Tire2 & 3 cities. Now various projects are been
carried out to drive our sales and marketing campaign. To make this campaign successful our various
dept work together intensely. So to monitor their work we need to have the proper system, here
comes the brainstorming session done with the HOD’s of dept and the out come was to have a
project management software tool which have the capability to customise as required and monitor
the KPI as designed.
The suggestion was given to find the best suite project management software as pe the company
working so here are the three software with salient features of it:
1. Microsoft Project
Price: - $25 user/month
Features
Project Portfolio Management
Simplify IT management
Deliver effective sermons
Expect change
Work seamlessly across all tools
Real-time communication
Stay organized
Submit projects successfully
Develop daily interactions
Access from anywhere
Choose good portfolios
Submit projects successfully
Find and share information
2. Jira Software
Price:- $7 user/ month
Features
Business Project Template
Task detail at glance
Notification
Application Integration
Reports and Dashboards
Measure results
Scale with team growth
Track
Works on Mobile
Power Search
3. Zoho Project Management
Price: - 35$ user /month
Features
Project planning
Gantt Charts
Feeds
Timesheets
Reporting
Collaboration
Document Management
Google Integration
Dropbox Integration
Issue Tracker
Project Forums
Mobile Apps
According to me Zoho will be the best suite software for our project management monitoring
Because it has different integrations and modules for sales & marketing, IT management, HR
platform, Finance plus this all will help to integrate the all-out projects at one place.
If you go in details for example, we start a project now starting from brainstorming session to
documenting the product note it all can be done through document management. Now need of
manpower here sale & marketing and HR module will help us. All the costing for the project can be
done and monitored through the Finance module. On the top of this all Dashboard will help in us to
monitor all the KPI we design for the project.
So I suggest ZOHO project management will help us to do all the necessary things.
Q2.) Answer
We XYZ. Pvt Ltd are the retail company having various products in clothing and cosmetics having our
own stores in Tier 1 city and franchises given at Tire2 & 3 cities. Now various projects are been
carried out to drive our sales and marketing campaign. To make this campaign successful our various
dept work together intensely. So to monitor their work we need to have the proper system, here
comes the brainstorming session done with the HOD’s of dept and the out come was to have a
project management software tool which have the capability to customise as required and monitor
the KPI as designed.
Methodical Approach
The statistics helped us to give the numerical background for understanding the historical
sales and trend in it. The programming helps to develop a forecasting model using time series
models and to automate it depending upon the next months sales using ARIMA.
Planning
The marketing team will make us understand about the market, its fluctuation and customer
churn rate. The sales team will give the figure depending upon the marketing team insghts.
The statistician will help us to put the data in such a way to that w can build a forecasting
model on it.
The programming team will help to develop the application which can calculate automatically
the forecasted value of sales for next month.
Best Practices: -
Here we use the industry standard software like Python, SPSS and standard statistical
methods. The model was built on the rules specifying the trend and market needs of various
locations.
Controlling
Now the product was developed as prototype and we have installed it on 2 of our stores to monitor
the results. If the results were good as expected then we will install it other 27 locations.
And Yes, the results were really good nearly to our expectation as the model was working efficiently.
We install it in other 27 location to generate the forecasted value and revenue ideas for future.
Conclusion
Risks and uncertainties are part of project management. Howver, success does not happen by
accident but can be planned – at least to a high degree. If you consider the seven factors mentioned
in your own management style, chances are very likely for you to fit your own defintion of project
success.
Q3.a) Answer
Net Present Value (NPV) is the sum of the present values of the cash inflows and outflows.
NPV = PV (Inflow)+ PV(Outflow)
The inflow and outflow have opposite signs, outflow has negative signs.
PV=FV/(1+i)^t
Where FV is the future value (the size of each cash flow), i is the discount rate, and t is the number
of periods between present and future. PV of multiple cash flows is simply the sum of PVs for each
cash flow.
An indication of NPV can reveal a lot about whether the investment is good or not:
NPV> 0: PV of inflow is greater than PV of outflow. The money earned on investment is worth more
than the cost today, therefore, it is a good investment.
NPV = 0: the PV of the inflow is equal to the PV of the outflow. There is no difference in value
between the money earned and the money invested.
NPV <0: PV of inflow is less than PV of outflow. The money earned on investment today is less than
the cost, so it is a bad investment.
Interpret NPV
When inflows exceed outflows and they are discounted to the present, the NPV is
positive. The investment adds value for the investor. The opposite is true when NPV is
negative.
A NPV of 0 means there is no change in value from the investment.
In theory, investors should invest when the NPV is positive and it has the highest
NPV of all available investment options.
In practice, determining NPV depends on being able to accurately determine the
inputs, which is difficult.
Q3.b) Answer
Internal rate of return (IRR) is the discount rate that makes the net present value of all cash flows
(both positive and negative) equal to zero for a specific project or investment.
Internal rate of return is used to evaluate projects or investments. The IRR estimates the projected
discount rate or rate of return of a project, indicating the project's potential for profitability.
Based on the IRR, a company will decide to accept or reject a project. If the IRR of a new project
exceeds the required rate of return of a company, then that project will be the most acceptable. If
the IRR falls below the required rate of return, the project should be rejected.
Steps for Calculating IRR in Excel
1. Initial Cash Flow into the Spreadsheet.
This initial investment has to be a negative number. Using The example, type -200,000 into the A1
cell of the spreadsheet.
2. Subsequent Cash Flow Values for Each Period
In the cells directly under the initial investment amount, type cash flow values. For example, if your
initial cash flow is in cell A1, type the following cash flows into cell A2, A3, A4, etc.
3. Instruct Excel to Calculate the IRR.
Instruct Excel to calculate IRR, type in the function command "=IRR(A1:A4)" into the A5 cell (directly
under all the values). When you hit the Enter key, the IRR value should be displayed in that cell.
To understand the IRR formula, it is best to start with a net present value formula and a simple
short-term project (then extension).
Explain that Company X has a one-year project that costs $ 1,000 and has a discount rate of 8%. At
the end of the year, the company will receive $ 1,300. The NPV calculation for this project is as
follows:
The IRR calculation for this same project puts the NPV at 0.. When NPV is 0, it acts as a break-even
point. If so, it would look like this:
Notice how the 8% discount rate is replaced with the IRR, but the formula remains the same.