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DART Jetpack

Damien Tan Andreas Toh Roy Chia Tavence Heng. DART Jetpack. The DART Jetpack project was started by 4 engineers in 2010. They wanted to merge business with engineering in their venture by trying to market their jetpack using skills learnt from Project Management. Introduction.

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DART Jetpack

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  1. Damien Tan Andreas Toh Roy Chia TavenceHeng DART Jetpack

  2. The DART Jetpack project was started by 4 engineers in 2010. They wanted to merge business with engineering in their venture by trying to market their jetpack using skills learnt from Project Management. Introduction

  3. Improve convenience in human lives Military usage Project Objectives

  4. Estimated duration -Research (3mnths) -Brainstorm (1Month) -Planning/blueprint stage (2months) -Miniature Model (1month) -Trouble shooting (1month) -Prototype stage (2years) Scope of Project

  5. Estimated cost -Planning stages $50 -Prototype stage $1000 Scope of Project

  6. Responsibility matrixProject leader  DamienDesigner  AndreasAccountant  RoyScheduler  Tavence Responsibility matrix

  7. Choose which way to start the jetpack - Fan - Chemical Reactions - Hydro Logistical problem Budget constraint Technological problems/inability Safety issue Jetpack stabiliser problems Human testing Current Issues

  8. Overall In-charge Researcher Planner Operational In-charge Marketer Sales person Technician Logistics In-charge Production In-charge Safety In-charge Manpower requirements

  9. research

  10. Work Breakdown Structure

  11. Mindmap of Dart Jetpack

  12. Dart’s Work breakdown structure

  13. Resources, $1,240,305.00 Human Resource, Manpower, $ 165,000.00 Marketing , $ 50,600.00 A.O.M, insurance, $ 110,000.00 Total Budget $ 1,565,905.00 Cost Analysis

  14. Number of workers 100 Price per jetpack $5,000 Life time company insurance Hiring of Public Relations Staff in media coverage Jetpacks sold per month 500 Amount of jetpacks made per month 500 Material cost per jetpack $2,000 The budget cost is per monthly basis sell to retailer to sell to public 10% contingency Total Income $ 2,500,000.00 ROI 60% Assumptions

  15. Scheduling the Project Time Microsoft Office Project Project Scheduling Listing the tasks Placing them according to tasks and sub tasks Placing them according to prerequisites Inserting the estimated Time for the tasks Generate the Gantt chart

  16. Activity-On-Node (AON) Easier to see the Time allocation Easier to see the Predecessors. AON

  17. Earliest Start Time (EST) : the early start of a project • Duration : how long will this project completes • Earliest Finish Time (EFT): EST + duration • Latest Start Time (LST) : the latest time a project can start • Latest Finish Time (LFT) = LST + duration • Total Float = LFT – EST – duration AON 2 1 3 Create Prototype 6 4 7

  18. OUR AON -It took us 153 days to for the production of jetpacks -Our assumption is 180days -Creation of prototype is the only predecessor for cost analysis and test of prototype

  19. Risk Assessment

  20. Top 5 risks -Machinery malfunction during mass production -Faulty machinery during installation -Unable to meet quality check expectations -Production halted due to safety issues -Prototype malfunction

  21. Video 1-fail launch Video 2-disintegrated rocket Creation of prototype

  22. Gained valuable experience Know how to manage a project Hope to make this a reality Conclusion

  23. THE END THANK YOU

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