CASE $1$

Project Proposal

Choose one problem from the following problems of Richmond Elevator and make a Project Proposal

The following are the problems being faced by Richmond Elevator in $2018.$

A loss of # $150$ Million in sales last year.

An additional operational cost of $$70$ Million every year in the last two years.

An annual turnover rate of $15\%$ in the rank$-$and$-$file position and $30\%$ in the managerial position.

Need for new equipment and machines which will increase production by $25\%.$

Poor database system.

Competitors have new technology and increasing their sales by at least $8\%.$

Increasing injuries in the production floor.

Bullying in the workplace

Outsourcing transportation and delivery of products.

Increasing number of defective products

Moving to a new plant site

Changing organizational structure

Idle social media presence.

Barely satisfactory compliance of WorkSafeBC work safety requirements.

High utilization of product warranty by all customers $-$ warranty cost is $130\%$ for every unit sold.

I. Executive Summary

The executive summary provides a summary of the proposal and highlights the main aspects of the proposal. If some information seems repetitive, remember that business reports are not always read in the order written.