Business Case and Proposal for Project Selection of Company Centervale Apparel

Cost-benefit analysis The project has a ten-year lifecycle. Its implementation will require $ 1.2 million; furthermore, Centervale Apparel will need to spend $ 250,000 on annul maintenance costs. Therefore, its total cost will be $ 3.7 million. In turn, the annual savings will be $ 500, 000. Thus, this project will break even within 7 years and 5 months.Advertising We will write a custom research paper sample on Business Case and Proposal for Project Selection of Company Centervale Apparel specifically for you for only $16.05 $11/page Learn More Moreover, in the course of ten years, it will bring the company $ 1.3 million of net revenues. Additionally, one should mention such improvements as the reduced time of delivery and enhanced satisfaction of clients. So, it is possible to speak about improved organizational and financial performance. Evaluation of alternatives A company can adopt several strategies that may serve as an alternative to this project. First of all, they can modify or upgrade existing order fulfillment technologies. The main justification for this initiative is that it will require a lesser amount of costs. Nevertheless, the management may not ensure that this strategy will help the company improve data accuracy and reduce the costs of inventory. Furthermore, this organization can invest in the training of employees so that they could better understand the work of the current technologies. This approach can also be beneficial because in many cases, the poor work of information technologies can be attributed to the lack of users’ skills. Nevertheless, it is only a conjecture, and one cannot say that current problems can be explained by the lack of training. These is the main limitation of this alternative. Enterprise Risk Management (ERM) model At first, it is necessary to identify the possible risks that this organization can face. First of all, Centervale Apparel may have to spend more time and capital in order to implement this project. Additionally, the company may have to spend more money on the annual maintenance of new technologies. Each of this risk is quite likely because even the most experienced business administrators can be too optimistic while estimating the timelines or costs of a project (Mankiw, 2007, p. 304). Provided that these risks are overlooked, they can completely undermine the value of project. To some degree, these risks can be mitigated by using both internal and external controls. For example, this project can be assessed by auditors, supply chain managers, and IT specialists who estimate the costs of this project.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Moreover, one should mention that the benefits of this project may not justify the expenses of the company. For example, this new supply chain management (SCM) system may not bring the expected sav ings. Again, this issue should not be disregarded because people are inclined to see the positive aspects of their initiatives, rather than their drawbacks (Mankiw, 2007, p. 304). These risks should be addressed with the help of internal and external controls. In particular, IT professionals and supply chain managers should closely examine the work of various technologies and determine how they can affect the cost-efficiency of the organization. Furthermore, Centervale Apparel should invest capital in the training of workers. Justification for the project Certainly, these risks are important, however, even despite these limitations, the company should implement this project. In this case, senior executives should focus on two important criteria. One of them is financial performance of the organization since this project will yield $5 million in ten years, while the cost of ownership will be 3.7 million. More importantly, the adoption of the system can lead to improved organizational performance, such as increased customer satisfaction, reduced delivery time, and competitive strength of Centervale Apparel. Reference List Mankiw, N. (2007). Principles of Macroeconomics. New York: Cengage Learning. This research paper on Business Case and Proposal for Project Selection of Company Centervale Apparel was written and submitted by user Cali Howell to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Sophocles, Oedipus, and the Nature of Family Essays

Sophocles, Oedipus, and the Nature of Family Essays Sophocles, Oedipus, and the Nature of Family Paper Sophocles, Oedipus, and the Nature of Family Paper Family creates a sense of identity for each individual. In the case of Oedipus the King, identity is a very important concept as it helps one establish one’s integrity. One of the themes of the play is the importance and value of family; this gives the tragedy the sense of ‘not knowing’ as it coincides with any prior knowledge that the characters may have of their fate. Sophocles creates the concept of family as an idea of origins; Oedipus enters a journey in which he tries to find himself, through this he subconsciously is on his way of finding his real family, even though he is not aware of it. In the play Oedipus Rex, the idea of the parent’s sins being passed onto their offspring is tested in the sense that Jocasta and Laius did not listen to the oracle, and that is why Oedipus ended up the way that he did. â€Å"Character is destiny† was a quote said by Heraclitus, which means that the character or personality of a certain person will affect their fate. In Oedipus’ case his character was predestined by the acts of his parents prior to him being birth. Jocasta and Laius received strict rules about having children; they did not listen to the oracle, which therefore lead to the death of Laius, which was done by his son, Oedipus. That also led to Oedipus and Jocasta falling in love and having children of their own. Laius and Jocasta were told by the oracle that if they were to have children, that child would kill the father and marry the mother. In order to prevent this Jocasta and Laius had someone send Oedipus into the mountains where he would die. However, they weren’t informed that Oedipus was actually given to another royal family, where he would grow up to be the prince of Corinth. Thinking that Oedipus has passed, the couple led their normal life. When Laius wa s murdered, it was not known that Oedipus was the person who committed the crime as they thought that he has died. Oedipus is aware of the message that the or