The ABC Company is a steel manufacturing organization services based in the North American states from past 20 years. The organization is well running and it has clients all over the globe. The company is facing an internal issue of high energy bills due to its old infrastructure.

Problem Statement: The heat to melt the steel is going wasted due to inefficient heat recovery system and it is affecting on the energy bills of the industries. The high energy bills were observed from last two years which and it is costing more than 20% hike in energy bills when compared to the earlier year energy bills.

Implement a new heat recovery system so that it will deliver a gain of $50000 per year. The purpose of implementing this plan is to compensate the high energy bills by recovering heat to manufacture the steel.

The idea of implementing a new heat recovery system would cost about $100000 which would be recovered in the form of saving of $50000 per year with a total of two years for recovering the whole entire cost of investments. The contribution of the new system towards saving the energy bills over the period of a year for different months is plotted on a graph. The cost analysis, safety factors and risk assessment are tabulated by the problem solving team