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Create a cover letter to the LAZRTRIM Product Project Sponsor highlighting your risk analysis process and findings. Close the cover letter with a request for
Create a cover letter to the LAZRTRIM Product Project Sponsor highlighting your risk analysis process and findings. Close the cover letter with a request for endorsement of your findings. As a result, the program director has prepared a revised model that crashes the project. This model would result in 8 month timetable for development. The alternate plan called for a low-level product plus $110,000 for the crash program. The crash program is not expected to change the chances of a successful product development. One advantage of this approach was that the question of whether the product could be developed successfully would be known at the end of the eight-month period. When consulted, the marketing team said that at end of eight months the team would be able to estimate the market potential fairly accurately. The team has analyzed the options and determined that the best expected value for the product is to crash the product development from 12 months to 8 months. (you may refer to the individual EMV assignment) Your team has to determine the new risks (or changes to existing risks) as a result of the proposed acceleration
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