My hypothetical engineering company will have an expertise in smart product development. This company is going to be named RoboGainz to represent robots, as in products, gaining intelligence. Also, it represents the founder, me, with my last name being Gaines. Smart technology can be applied to various of things. Due to the emergence of the Internet of Things, smart products are the next big thing and the possibilities are endless.1 Applications of this are self-driving cars, doorknobs locking or unlocking based on how it is grasped, LED lights changing colors based on weather and the time of day, virtual gaming with only yourself as the controller, and many more. Since the application of this are many, there are many potential clients. Possible
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One of its disadvantages is that the application of new technologies tends to suffer without strong functional groups and the opportunities for technical interchange between projects. As projects goes, those technologies that are applicable at project inception continue to be applied on a repetitive basis. Also, there is no perpetuation of technology, and the introduction of new methods and procedures is discouraged.2 Another disadvantage is that there is usually a duplication of effort, personnel, and the use of facilities and equipment between projects. Therefore, the overall operation is inefficient and the results can be quite costly.2 Moreover, it is difficult to effectively utilize personnel in the transfer from one project to another. “Good, qualified workers assigned to a project are retained by project managers for as long as possible, and the reassignment of such personnel usually requires approval from a higher level of authority, which can be quite time-consuming.”2 Also, the shifting of personnel in response to short-term needs is essentially impossible within this structure. Lastly, when he or she is assigned to a project for an extended period of time, the continuity of an individual’s career, growth potential, and opportunities for promotion are often not as good. “Project personnel are limited in terms of opportunities to be innovative relative to the application of new technologies.”2 Also, the repetitiousness of tasks sometimes results in
One of its disadvantages is that the application of new technologies tends to suffer without strong functional groups and the opportunities for technical interchange between projects. As projects goes, those technologies that are applicable at project inception continue to be applied on a repetitive basis. Also, there is no perpetuation of technology, and the introduction of new methods and procedures is discouraged.2 Another disadvantage is that there is usually a duplication of effort, personnel, and the use of facilities and equipment between projects. Therefore, the overall operation is inefficient and the results can be quite costly.2 Moreover, it is difficult to effectively utilize personnel in the transfer from one project to another. “Good, qualified workers assigned to a project are retained by project managers for as long as possible, and the reassignment of such personnel usually requires approval from a higher level of authority, which can be quite time-consuming.”2 Also, the shifting of personnel in response to short-term needs is essentially impossible within this structure. Lastly, when he or she is assigned to a project for an extended period of time, the continuity of an individual’s career, growth potential, and opportunities for promotion are often not as good. “Project personnel are limited in terms of opportunities to be innovative relative to the application of new technologies.”2 Also, the repetitiousness of tasks sometimes results in