Project Motor Cycle Research Paper

Project Motorcycles
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Project Motor Cycles
Introduction
After the invention of machines and advancement in technology, scientists and innovators have worked to simplify machines. For instance, the first computer was so big that it could occupy the entire wall of a room. A mini-laptop is today’s example of the simplified version. Similarly, this company seeks to expand its enterprise by increasing the size of the engines that it manufactures. Over the years, it has seen drastic improvements and generous rewards. It has also received feedback from the customers and company partners regarding the expansion of the company by increasing the diversity and number

With the current market trends, the cost stands between $55,000 and $100,000. Over time, the price is set to change. Furthermore, the amount is slightly more than the current middleweight class motorcycles that the company manufactures and slightly less than those of the competitors are. The company also plans to increase the number of employees, just to increase the output and meet the customer demands. More of the budget will be directed towards acquiring the necessary equipment to solve the problems mentioned, concerning the enlarged engine capacities. The present estimates show that the financial investment in these inputs are less than what the company will make from the products in a month.
The SWOT analysis shows that the strength of the company is the current ratings from the public (Hill & Jones, 2009). The company is the best manufacturer of middle-sized engines and has, therefore, amassed the high number of customers. The opportunities are unlimited as the client base is set to increase. The threats that we face are stiff since other companies have carved a niche for themselves in creating the large-sized engines. The only weakness is that we are new to this project. The company has already checked the expenses and the assets that it has put into the

The first risk management task includes the insurance companies. Since we offer the customers a one-year warranty, we need to secure our products. Some customers may think that by changing the entire engine, they can get a replacement for it. However, the insurance cover will only include parts of the motorcycles. The company will also get insurance for damages of the acquired equipment for the project. The other strategy is liaising with business that can finance the project. They can also assist in the advertising of the company products. The final part of mitigating the risk likely associated is the addition of exclusion clauses. This means getting into a partnership with a law firm. The legal team will help the company come up with an exclusion clause that will defend the company should they face problems. The exclusion clauses and the notices will put the company in a position that will protect it from customers who hold potential threats against the