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Baseline Project (Purchasing a New Vehicle) 1.) Introduction A. Project Overview: Purchasing a new car. Needing a new vehicle because of previous car breaking down all of the time. I will need to be approved by the bank in order to get a loan to purchase the car. The car is currently $10,000. The car needs to have four wheel drive for the winter months in Vermont. Also the gas mileage of the car needs to be higher than 20 miles per gallon. B. Recommendation: Toyota, Suzuki, & Honda have the highest rating for cars. Though Toyota is having their problems, they still have some nice cars out there. Honda actually has half electric and have gas powered cars that have an amazing MPG close to 50! System Description A. Alternatives: There are plenty of brand names for cars out there besides Toyota, Honda and Suzuki. Chevrolet, Ford, dodge, and the list goes on in case I need an alternative. B. System Description: Have chosen a Toyota Tacoma with a 30 MPG. It will be blue with a nice hood scoop in the front and quad cab. The engine will be a nice V6 twin engine. Made for speed and smooth acceleration. Feasibility Assessment A. Economic Analysis: Purchasing this Toyota may have to be taken into consideration as well as being very cautious since there were many recalls with Toyota. Looking at the whole economy, this specific model has higher ratings than most pickup trucks with one of the best MPG you could get and Toyotas are known to last a long time. Toyotas are known to be very expensive but you get what you pay for, it is worth the amount of money to invest in a nice vehicle like this. Just do the research. B. Technical Analysis: The largest risk with purchasing this vehicle is the specific recalls on gas pedals with Toyota as well as brakes. Before purchasing the vehicle, I would make sure the risk of bringing the vehicle back afterwards to get repaired would be low. Also the risk of anyone who drives my vehicle including I will be safe and accident free. C. Operational Analysis: This vehicle will save me money with gas each day traveling back and forth to work and school. It will save me roughly $150 more each week traveling. Better acceleration and overall performance will make a large difference traveling to and from locations. D. Legal and Contractual Analysis: Legal or contractual risks include paying the loan back on the vehicle on time each month and making sure there is a full coverage with insurance on the vehicle. Registering the car with the state and going through the inspection process to drive the vehicle is important. There is quite a bit of money involved with all of these processes. E. Political Analysis: I am going to need to figure out how much my monthly payments for the vehicle will need to be in order for me to afford the entire loan. I will need to see if there is going to be a fixed rate or a changing rate monthly and how high the interest rate will be on the loan. I believe the vehicle will make a huge difference from my previous car that I have driven for a long time now. Saving me money each day will make a large difference overtime. F. Schedules, Time Line, and Resource Analysis: The loan payments will be approximately 5 years to pay the entire vehicle off so instead of the bank owing the car, I will be the righteous owner without worrying about anymore payments besides maintenance and insurance costs. Management Issues A. Team Configuration and Management: I will need to send a monthly payment into the bank from where I took out the loan. The dealership will find the bank for me that fits my needs best. The dealership will let me test drive the vehicle and then will clean it up and give me the keys once I am approved by the bank to take the loan out. Then I can find an insurance company to cover my vehicle. B. Communication Plan: I will need to communicate with the bank and insurance company for payments and any other questions I may have. C. Project Standards and Procedures: Approval from the bank will be dealt with at the actual dealership where the vehicle is being purchased. 2.) Purchasing a New Laptop Economic Analysis: There are many brands of computers but I chose the Acer brand which had great ratings and a great computer for overall usage. They are very cheap computers but it doesn’t mean that they are horrible computers either. They are one of the cheapest brands for computers you can get on the market being as low as 280 dollars. This makes for a great cost benefit as well as saving me a few extra dollars. Technical Analysis: There are many risks when it comes to computers. Many risks come with technology such as bad hard drives, viruses, etc. I would just need to make sure there is a nice warranty that comes with the Acer model as well as great software to protect me from threats, etc. Operational Analysis: Purchasing this new laptop will allow me to complete homework assignments and other related school work on time and at a quicker rate. Each day I have quite a bit of homework to get done and with the software programs such as Microsoft office, I can get things done the correct and fastest way possible. Legal & Contractual analysis: Purchasing a new laptop does not have that many legal risks associated with it as long as I don’t do anything that would be illegal such as downloading and selling copy written material like movies and music, etc. Political Analysis: I would need to make sure I have enough money to purchase this and then would be able to purchase the laptop. It would be very necessary purchasing this laptop especially considering how cheap the price is.
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