Project Managment Email

Dear Sponsor,
With reference to your mail dated 1st September 2013 regarding the selection of project we have done our analysis and based on our review we recommend to pursue Palomino for future investment analysis. We have arrived at the decision based on our analysis and facts provided by you. The principal differentiator for this project has been the return on investment and risk involved. Our detailed analysis is presented below:
Five phases of the Project
1. Project conception and initiation: Define project
An idea for a project will be carefully examined to determine whether or not it benefits the
organization. During this phase the feasibility, risk involved and return of investment is actually
analysed. This phase we are right now in and will require a detailed feasibility study before
making the final investment decision.
2. Project planning
A project plan, project charter and/or project scope may be put in writing, outlining the work to
be performed. During this phase, a team should prioritize the project, calculate a budget and
schedule, and determine what resources are needed. This is the next and most important phase.
3. Project execution
Resources' tasks are distributed and teams are informed of responsibilities. Maximum resources
and cost is involved at this time. The critical path and
4. Project performance and control
Project managers will compare project status and progress to the actual plan, as resources
perform the scheduled work. This is process to keep the project on schedule and within
budgeted cost. This also involves quality checks and scope change management.The critical path,
cost and quality is to be measured and managed closely for success of the project.
5. Project close
After project tasks are completed and the client has approved the outcome, an evaluation is
necessary to highlight project success and/or learn from project history. This is the last phase
where in all documentation is...