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What project management can learn from Falcon Heavy launch

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The work was done by Kateryna Kuslyva, Nguyen Le, Joni Lankila, Drizana Latifi and Kuang Yun. The purpose is to show the power of SpaceX from the project management side.

The document looks much informative... and also here missed two videos (since it is a PDF). First is taken from the SpaceX web page, where the company compares its rockets' costs an payload with the other rockets, and the second video in the category Risk management actually shows all crashes of Falcons and boosters.

Publicado en: Empresariales
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What project management can learn from Falcon Heavy launch

  1. 1. What project management can learn from falcon heavy SPACE Group #5
  2. 2. Outline Introduction SpaceX company Project portfolio Falcon Heavy Launching Risk management Analysis Conclusion
  3. 3. Introduction • Objective: What PM can learn from SpaceX? • Mission: SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other planets. • Vision: Life becoming multi-planetary and to colonise Mars
  4. 4. SpaceX • SpaceX designs, manufactures and launches advanced rockets and spacecraft. • The company was founded in 2002 by Elon Musk. • It is a US based private company. • The ultimate goal being enabling people to live on other planets. • It is the only private company ever to return a spacecraft from low-Earth orbit.
  5. 5. Quick facts • Headquarter; Hawthorne, California • Over 7000 employees • 3 vehicles - Falcon - Dragon - Falcon Heavy • Over 70 launches • Company value at $21B • $100,000 Tesla car and Spaceman • Launched with David Bowie’s song “Life on Mars?” • Names taken from Star Wars • Iron Man 2 was filmed in SpaceX factory • Elon Musk was in Iron Man 2 Fun facts
  6. 6. SpaceX project portfolio Products • Falcon (1,9) • Falcon Heavy • Dragon • Autonomous spaceport drone ship • Engine Related projects • Interplanetary Transport System • Global internet • Hyperloop (vactrain)
  7. 7. Falcon Heavy Launching Key Dates • April 5th, 2011 – SpaceX announced the project • 2013-2014 – Established dates • February 6th, 2018 – Successful launch Key People • Elon Musk – CEO, CTO • Thomas Mueller – CTO Key Steps • Falcon 1 -> Falcon 9 -> ASDS
  8. 8. Key Numbers Price $90 M People involved 7000+ Successful launch 1 Engine 3 x 9 = 27 Height 70 M Weight 1420 Tons Payload 54.4 Tons Investment R&D $500 M
  9. 9. Risk Management • Technical Risks • That 27-engine liftoff • Going throw MAX-Q • Falling ice • Booster separation • Coasting throw a radiation barrier • Environmental Risks • External Risks • Financial Risks • Safety Risks
  10. 10. Analysis • Budget Management • Negotiation • Resource & Cost Allocation • Innovation • Risk Management • Priorities risks • Risk acceptance • Strict Quality control • Time Management • Release short-term goal for the public • Clear deadlines What PM can learn from SpaceX
  11. 11. Analysis • Leadership • Critical thinking • Set common mission • Musk’s 3 rules • Communication • Open communication • Trust • Even the new project is not very new What PM can learn from SpaceX
  12. 12. Conclusion • The most powerful and cheapest rocket in the world • First private rockets’ company • First safe return of the boosters on land and sea • PM can learn budgeting, risks and time management, leadership and communication. Elon Musk is just amazing
  13. 13. Thank you for your attention. Ask any questions, but keep in mind, this team is EXTREMLY passionate about this project. discussions will take hours!

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