NOTE: There are 4 assignments. Need to do all. Word limit for each assignment is 1000 words. Need typed solutions in a Google Doc. STUDENT NEED DISTINCTION, SO ATTEMPT EACH ASSIGNMENT COMPLETELY./nPart 4: The company decided to make the bid, and good news - It won the contract! They now have a large project to manage to make sure the new machines are bought, installed, tested and working. - Prepare the MD for the work ahead by describing how to manage the project in the required timescale. - Explain what project gates, checkpoints, and milestones are; and how they can be used to make sure the project is on time. Propose some relevant examples for this project. - Explain the importance of using a Preliminary Design Review 'PDR', and a Critical Design Review 'CDR' in the development of the new machines. [LO2.4 and LO2.5]/nScenario Following on from your success report on the engineering industry, the Managing Director of the company (an established but small manufacturing firm) has asked you to provide your recommendations using new management tools that the company can employ to improve its way of working. 'What's gone wrong?" The company has found a repeat quality issue on one of its best selling parts. Quality inspectors have found that the parts are consistently being machined out of tolerance and therefore cannot fit inside a larger assembly. The machine operators have lots of information about the machine performance! 'Should we bid?' The company has the decision to bid on a large new contract from a major aerospace company. The MD wants data to help them decide on whether to bid or not. If successful, the bid could give the company work for many years, however it could require a lot of upfront work and new investment in expensive machines (£2,000,000 cost). The contract is for 500 parts per year, and would make them £2000 profit per part. Deliverable Your task is to write a report of your recommendations to help the company on the below: Part 1: 'What's gone wrong?' - The MD wants to know the root-cause of the quality escape: - Explain to the MD three problem solving techniques they can employ to find the cause of the problem. - Given this is a repeating problem with lots of information available, give your recommendation on the best technique, and why. [LO2.1] Part 2: *Should we bid?' - Explain to the MD: - The application of basic costing techniques, and how to weigh up the cost of the new contract versus the benefit of it. - Explain to the MD what 'ROI' means in this instance, and how it can be used to help in the final decision on whether to bid or not. - If the contract is for 1.5 years, should the company bid for it? if the contract is for 5 years, should the company bid for it? Give arguments to support your decision. [LO2.2] Part 3: If the company wins the bid, the MD is concerned about the new expensive machine breaking down! -Explain to the MD how to identify what the specific risks are, and why. - Explain to the MD what tools can be used to record risks and what benefit they can bring. [LO2.3]

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