Risk is something that all companies take on when trying to launch a new product. Why is risk such a large factor? Think about all the man hours, testing, research, consultants and other tangible assets that it takes to launch a new product. Tesla already has two fully electronic models that they currently offer. Tesla once launched a sports car model but stopped producing it after the determining that the Model S (sedan) sales were so much better than that of the sports edition. Having two models in separate categories allows for a third. Think about a company like Honda. How many vehicles does Honda currently offer? Honda currently offers 15 different models, across different categories. Tesla has one luxury sedan and one luxury SUV. What
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The project manager or project lead would determine all possibilities and the probability of each to ensure that the company has clear cut ideas of what can be done if problems awry during or after the initial launch. The number one factor being considered in a mitigation plan involves inventory control. What happens if the new product is a complete hit or the opposite? If the product does not do well, how Tesla cut its losses to ensure that company does not go bankrupt can actually make up as much money as possible. As stated earlier, these launches are not cheap and any monies returned could be used to keep the company afloat. Many of the raw materials used for the Tesla Model 3 could be resold or used on the other two models. The lithium battery components are consistent with all three models. The dimensions vary but the materials could all eventually be used or sold. On the other hand, if the Model 3 is a success how well will Tesla handle gaining enough raw materials to keep up with the said demand? Tesla is betting on themselves, Elon Musk does not want to work with any vendors that cannot keep up with Tesla. Elon has determined that Tesla can and will make the necessary components in house if …show more content…
This individual would have an electrical engineering background with more than 10+ years’ experience, management consulting experience and have a Project Management Professional Certificate (PMP). Due to the nature of this launch, the chief PM will report directly to Elon Musk. The Chief PM would be hired by Elon Musk himself. He would not have to be a full time employee but could be a contractor. The reason that Elon would have to hire is due to their ability to work together and bounce ideas off of one another. These two will work very closely and their relationship will have a lasting impact on Tesla forever, good or bad. The CPM and Elon Musk may also meet with JB Straubel and Jason Wheeler where necessary ("Management | Tesla Motors," n.d.). The team will be made up of 8-10 internal employees and 2-5 external management consultants from high ranking firms. The 10-15 internal employees will come from areas such as engineering, sales, process improvement and finance. This team would be cross functional in that it would include all imperative departments and areas of the company for a successful launch. All the main areas would be represented by the smartest and most innovative from each area. The stakeholders from these areas would meet in person to discuss the project from every angle to produce optimum results. These stakeholders would meet in person regularly (no matter the
The project manager or project lead would determine all possibilities and the probability of each to ensure that the company has clear cut ideas of what can be done if problems awry during or after the initial launch. The number one factor being considered in a mitigation plan involves inventory control. What happens if the new product is a complete hit or the opposite? If the product does not do well, how Tesla cut its losses to ensure that company does not go bankrupt can actually make up as much money as possible. As stated earlier, these launches are not cheap and any monies returned could be used to keep the company afloat. Many of the raw materials used for the Tesla Model 3 could be resold or used on the other two models. The lithium battery components are consistent with all three models. The dimensions vary but the materials could all eventually be used or sold. On the other hand, if the Model 3 is a success how well will Tesla handle gaining enough raw materials to keep up with the said demand? Tesla is betting on themselves, Elon Musk does not want to work with any vendors that cannot keep up with Tesla. Elon has determined that Tesla can and will make the necessary components in house if …show more content…
This individual would have an electrical engineering background with more than 10+ years’ experience, management consulting experience and have a Project Management Professional Certificate (PMP). Due to the nature of this launch, the chief PM will report directly to Elon Musk. The Chief PM would be hired by Elon Musk himself. He would not have to be a full time employee but could be a contractor. The reason that Elon would have to hire is due to their ability to work together and bounce ideas off of one another. These two will work very closely and their relationship will have a lasting impact on Tesla forever, good or bad. The CPM and Elon Musk may also meet with JB Straubel and Jason Wheeler where necessary ("Management | Tesla Motors," n.d.). The team will be made up of 8-10 internal employees and 2-5 external management consultants from high ranking firms. The 10-15 internal employees will come from areas such as engineering, sales, process improvement and finance. This team would be cross functional in that it would include all imperative departments and areas of the company for a successful launch. All the main areas would be represented by the smartest and most innovative from each area. The stakeholders from these areas would meet in person to discuss the project from every angle to produce optimum results. These stakeholders would meet in person regularly (no matter the