MBA 690: Macy's Production Plan, Risk Analysis, and Cost Management

This report presents a production plan for Macy's, addressing key elements such as cost analysis, risk management, and labor hour estimations. The report begins by outlining the management's intentions, focusing on customer engagement and cost reduction through strategies like online platforms. It identifies potential risks, including market competition, economic factors, and consumer adoption, and suggests triggers for monitoring these risks. A cost schedule is provided, detailing estimated costs for operations, debt, and liabilities. The report is based on the MBA 690 assignment brief, which requires creating a semiannual production plan using notional demand and inventory data, estimating labor hours, and determining worker requirements. The assignment utilizes the provided text techniques, focusing on market estimates and the creation of a production plan to support the launch of a new product or service.

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author Note

1MANAGEMENT
I. State your intentions for managing and balancing the scope-time-cost triangle.
A. The chief intention of the management at Macy’s organization is to implement a strategy that
would not only make customers be engrossed but would also make it easier to gather the
attention of the potential customers.
B. The organization intention is to reduce the investment. It has been found that opening a web
portal has the potential to minimize the cost as much as possible.
II. Highlight the key risks and obstacles that management will have to mitigate for the
plan.
A. High competition in the market where the organization is operating can be consider as a
major risk for the organization.
B. The economic status of Macy’s can serve as a major risk that has the potential to mitigate
the plan.
C. The failure of the new application to gain the attention oof the consumers is another
potential risk to the plan.
III. Identify the triggers or signals that management will use to monitor if these risks are
occurring or not.
A. The occurrence of third party interference can be considered as a major triggers or signals
that management will use to monitor if these risks are occurring or not
B. Another trigger that the management of the organization should monitor includes assessment
of cost overflow.
C. Limited investment from stakeholders is another trigger that needs to monitored by the
management.

2MANAGEMENT
IV. Summarize the cost schedule by providing cost categories for the project—rough
order of magnitude (ROM) (very high level) dollar estimates are adequate for this.
Note: You may insert a tabular format here for clarity.
Operation miscellaneous 15000 dollars
Debt and liabilities 30000 dollars