Fuel Cells-Business Plan

Fuel Cells-Business Plan - Fuel Cells for Stationary Power...

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Unformatted text preview: Fuel Cells for Stationary Power Generation BUSINESS PLAN The University of Oklahoma Fuel Cell Corporation Eric Daugherty Justice Diven Caroline Ihejiawu Kristen Martinez Thu Nguyen Lola Soyebo Jennifer Treece 100 E. Boyd Street, Suite M206 Norman, OK 73019-0628 May 5, 2004 - 2 - BUSINESS PLAN 1.1 Objectives The OUFCC will fill the need for a source of electricity that is: Clean and produces few toxic emissions, depending on the type of fuel used. If pure hydrogen is used as the fuel, the only products of a fuel cell are electricity, water and heat. Reliable and not susceptible to black-outs or power surges. This is an excellent selling point for areas where the supply of electricity does not meet the demand, such as New York or California. Independent of a power grid for use in rural areas or in emergency situations. Optionally dependent on fossil fuel which helps cut dependence on foreign oil, and promotes the use of renewable energy resources. 1.2 Mission The OUFCC will strive to provide a quality product at a competitive cost. Our company will promote a positive and safe working environment for all employees. The OUFCC will be an equal-opportunity employer. 1.3 Keys to Success The keys to success will serve to promote the mission statement of The OUFCC. The following are The OUFCCs keys to success: ongoing market analysis continuing optimization of the manufacturing process biennial HAZOP studies competitive salaries and employees benefits hiring of the most qualified employees regardless of age, gender, race, or ethnicity 1.4 Business Timeline The chart shown outlines the approximate amount of time allotted for each task, as well as the order in which the tasks will be completed. The following is the key for the business timeline: Earliest Start Duration Activity Description and Identifier Float Earliest Finish Latest Start Latest Finish Earliest Start Duration Activity Description and Identifier Float Earliest Finish Latest Start Latest Finish- 3 - PERT diagram (Also available separately) 30 30 30 Hire a Financial Planner and/or Accountant 30 90 120 30 120 Obtain Project Funding or Complete a 10 Year Schedule 120 15 135 120 135 Purchase Insurance (Workers Comp, Group Health) 135 30 165 135 165 Hire Human Resources Team 120 60 180 150 30 210 Acquire Necessary Permits (7) 120 90 210 120 210 Purchase Land 210 30 240 210 240 Hire a Builder 240 15 255 465 225 480 Purchase Business Insurance (Liability and Property) 240 240 480 240 480 Construct Plant and Ofice Facility 480 30 510 480 510 Hire First Line Plant Supervisor 480 90 570 480 570 Purchase Manufacturing Equipment 480 30 510 540 60 570 Purchase 3 Months of Raw Materials 570 282 852 570 852 Manufacture and Sel Product 852 60 912 852 912 Reevaluate Market Conditions 852 80 932 852 932 Continue to Manufacture and Sel Products 912 20 932 912 932 Purchase or Upgrade Existing Equipment 912 20 932 912 932 Hire Additional Employees 932 3 935 932 935 Implement Process and...
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This note was uploaded on 08/31/2011 for the course CHE 4273 taught by Professor Staff during the Spring '10 term at Oklahoma State.

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Fuel Cells-Business Plan - Fuel Cells for Stationary Power...

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