Source: Corey Seamster (2020) | Image: 3DR Minimum Viable Product (MVP) by Professional Category
3DR - Risk Analysis
As outlined above, in the Operations Analysis image, the risky opportunities presented in the data for 3DR to consider if they were to expand business operations by creating increased in-house capacity would be:

  • Add an additional 8.3 personnel to the company employee roster (6% increase from previous number of total employees that was at 118 personnel; new total is 126.3 personnel), focused on 10% growth within the Engineering/Tech roles, 2% growth in the Sales/Marketing section, and 1% growth in the Program Managers area of operations.

Additionally, preliminary research indicates that 3DR would be safe to go with the decision to increase in-house capacity regardless of potential market states of nature estimating a profit within the next 12 months to be an Estimated Monetary Value (EMV) $267, 500 opposed to Outsourcing and only profiting an estimated $13, 500 during the same time frame.

As outlined by 3DR, using the EMV to help them determine the least riskier decision to increase in-house capacity:

Estimated Monetary Value (EMV)

Source: Corey Seamster (2020) | Image: Estimated Monetary Value (EMV) screenshot of sample dataOpposed to the riskier decision, using the EMV for Outsourcing:

Estimated Monetary Value (EMV)
Source: Corey Seamster (2020) | Image: Estimated Monetary Value (EMV) screenshot of sample data

 

All in all, the best decision for 3DR was to starting expanding operations within the ranks of their own business model. CEO’s should now have the ability to make informed decisions based on analysis performed across multiple areas of operations.

References

References

Black, K.  (2011).  Business Statistics: For Contemporary Decision Making. Wiley.  https://learning.oreilly.com/library/view/business-statistics-for/9781118213957/

Craft. (2020). 3D Robotics [3DR]. Craft.co. https://craft.co/3d-robotics

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