We offer a wide range of services that follow project management methodologies, including:
Industry & Product Reviews
Before you start your project- creating a product or a service- we take time to understand your industry. We do this by providing insights into the competition in the industry and how it impacts your product. After that, we understand your product perfectly and what you hope to achieve. This would mean knowing the pros and cons of your product, realizing your unique selling point, and figuring out your competitive advantage. We also find ways to enhance the competitive advantage to be able to sell your product amidst the competition in your industry.
Feasibility Studies & Reports
Farringdon executes feasibility studies in order to determine the practicality, strengths, and weaknesses of your proposed project. This starts with a detailed quantitative and qualitative survey. We write detailed reports of the market feasibility, technical feasibility, financial feasibility, and even the organizational feasibility of your project. We also find out if your project ideally provides solutions to the needs of your proposed target audience. Our experts analyze the data gotten from the studies and counsel on better ways to go about the project or whether it's a good fit for your company.
Project Characterization & Planning
Project planning is done to make the process easier, and to ensure the effective utilization of resources to achieve your project goals. We start by taking into account the objectives of the project. This includes every detail of the key performance indicators. We characterize the intended project duration, the risks involved, the percentage of uncertainty, and the financial burden of the project. We would also plan the methods of undertaking the project as regards teamwork.
Budget & Financial Planning
Our financial advisors and expert financial analysts are the champions of this service. They make a budget that is all-encompassing and takes into account even miscellaneous needs in the project process. They research properly and determine project costs. They also estimate profits, outline the financial risk and create an expenses schedule. Each expense budgeted for is quantified using market estimations.
Timeline & Milestones Planning
We know that many projects die because of procrastination and non-adherence to deadlines. Our operational experts would help you plot a project milestone to observe, measure, and monitor the progress of your project. These milestones would be feasible, and we would ensure that they are adhered to strictly. These milestones would be to assess the performance of a project. The milestones will be intermediate stages that will eventually culminate in the completion of the final project goal.
Suppliers Sourcing & Management
We don’t just help you find the cheapest supplier. We focus on building a relationship between the company and suppliers who care about quality and providing value to your business. We have connections with the best suppliers in diverse industries all over the world. We collaborate with these connections to provide the best raw materials and resources for your project. We care about innovation and find suppliers who foster innovation in every sector of their production process.
Procurement Planning & Management
Procurement planning and management deal with how we will manage the procurement process. When there are no suppliers for a unique project, we determine how you can go about manufacturing the things you need. We plan the contractors, and we send out contraction requirements to these contractors. People can bid to work with you, and we pick the best set of individuals. We also plan for the acquisition of any manufacturing machine or tool, and we define the mode of operation of these tools and the personnel needed for them.
Project Management & Supervision
Our project management and supervision services start as soon as you sign a contract with us. We make sure to stay with you from start to finish of the project. We supervise and coordinate all activities and all personnel involved in the project development process. We coordinate the contractors and suppliers and ensure that all your requirements are fulfilled. We also supervise every milestone and break down the tasks which are assigned to different individuals. We ensure that deadlines are met and adhered to. We ensure that we track the progress and productivity of each worker. We also organize project management software that would ease the process.
Quality Analysis & Control
We help you to ensure that your products are optimal with the quality control and assurance requirements. This includes inspecting, testing, and using the finished product to ensure it meets the standards. We seek out these criteria and use them in the product development process. We also monitor the outputs at each phase of the project to prevent starting all over after it is done. We organize your target audience to test the product and get feedback from them on the quality of the product.
Risk Analysis & Management
Every project has a certain level of risk. Knowing this saves you the stress of disappointment and also helps you properly manage and curtail the risks. Our experts help to analyze the risks involved in a project you're undertaking, and when any potential risk is identified, we help you manage them. Our risk management process involves outlining methods to salvage your project before, during, and after the project development process depending on when the risk occurs. We help you set actionable steps to manage the risks you may encounter even years after the project is developed.