Whitbread World Sailboat Race Assignment Example | Topics and Well Written Essays - 2750 words

Whitbread World Sailboat Race - Assignment Example In addition to the higher costs, there is always the potential danger of the quality of the project getting deteriorated due to the rushing of various activities. This problem is often encountered in construction projects where there will be disputes on the delay in the completion as well as the low quality of construction. Another area where the crashing of the project duration is important is the development of a new product that needs to be brought to the market before the competitor does to take the first mover advantages. It may be noted that in these cases the market determines the duration of the project for the development and introduction of the product. For instance, the chance that the firms using moderate to high technology may lose up to 30 percent of the market share with a delay of six months is a factor that drives such firms to crash their new product development project to be completed within or before the stipulated period. Under those circumstances, the firms do not mind the additional costs being incurred in the completion of the project than budgeted as otherwise there is the likelihood they may lose a sizeable market share. With this background this paper presents a report on ways and means for the reduction of the duration of the Whitbread Sail Boat Project which involves the des ign and construction of a sailboat for the Sail Boat team of the company ‘Whitbread’ and the training of the crew so that the sailboat constructed could take part in the World Sail Boat Race. Bjorn Ericksen Project Strategy Analysis The project relates to the design and construction of a sailboat and training of crew to enable. them to take part in the Whitbread Sail Board Race. The boat race is being conducted every year with countries entering their sailboats in the nine-month Round the World Whitbread Sailboat Race. During the recent races, about 14 countries from different parts of the world have entered their sailboats in the race.