Studentshare
Subjects
Miscellaneous
The Rise, Fall and Resurrection of Iridium:A Project Management Perspective

The Rise, Fall and Resurrection of Iridium:A Project Management Perspective - Coursework Example

Add to wishlist

Summary

Raymond Leopold and Kenneth Peterson, the masterminds behind project Iridium, placed the proposal of the project in front of Robert Galvin, chairman of Motorola at that time. Robert Galvin agreed to invest in project Iridium and hence logically was the…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER96.1% of users find it useful

The Rise, Fall and Resurrection of Iridium:A Project Management Perspective

Read Text Preview

Subject: Miscellaneous
Type: Coursework
Level: Ph.D.
Pages: 5 (1250 words)
Downloads: 4
Author: fbins

Extract of sample "The Rise, Fall and Resurrection of Iridium:A Project Management Perspective"

Download file to see previous pages

Motorola itself was the stakeholder with the largest share of 25% and also occupying 6 of the 28 seats in the board of directors. As a stakeholder, Motorola contributed a whooping $400 million towards the project and also made loan guarantees of $750 million to Iridium. Investments in Iridium started gaining momentum by 1992, when big names like General Electricals, Lockheed and Raytheon. Some companies wanted to be strategic partners while others chose to invest in satellite technology. Moreover, other companies awaiting FCC’s approval for starting similar projects also got attracted with the benefits that Iridium could reap in the future.

Iridium was successful in attracting financial support from the following 19 investors: (b) Iridium’s largest stakeholder was Motorola holding a 25% share in the company. This was the scenario when Iridium was just announced. At this time, Motorola was mainly responsible to build a solid financial foundation for the project to prosper. Later, investors were granted privileges like financial benefits as well as gateway operations. Investors not only scored over financial returns but they even got an opportunity to owe gateways and also distribution rights in a particular area.

In 1992, Iridium found strategic in GE, Lockheed and Raytheon. By this time, investors were mainly interested to tie strategic partnerships with Iridium although there were some investors who also expressed their interests in satellite technology as well. IRIDIUM came into existence with the need of a wireless telecommunication system that could be operational from anywhere in the world. Cellular technology seemed to be a credible option, but owing to the coverage offered, it was not suitable to go with cellular technology to acquire desired results.

Cell technology operates on a tower-to-tower transmission basis. A single tower can server a limited geographical area and also each tower or gateway had to be in

...Download file to see next pages Read More

CHECK THESE SAMPLES OF The Rise, Fall and Resurrection of Iridium:A Project Management Perspective

Homiletical Perspective

Salvation according to Christians is the death and resurrection of Jesus Christ.... Two main homiletic challenges that make this text not appealing to many preachers are that Mark does not talk about the resurrection of Jesus Christ and the fact that Mark through his story evokes a lot of emotions from the listeners.... Consequently, it becomes difficult for a preacher to talk about salvation without mentioning resurrection of Jesus Christ as it is in this text....

3 Pages (750 words) Essay

Project Risk Management

Probable risks and their impacts According to Yeates & Cadle (1996), risk in project management is inevitable and it has to be taken into consideration when implementing a project in order for it to be a success.... The source of this risk is mainly as a result of poor project management.... Project overview Basically, a project can be described as a series of linked activities that are carried by an organisation and they are aimed at achieving a specific objective (Hellriegel, 2001)....

4 Pages (1000 words) Assignment

Project Risk Management

The procedure to try and identify risks that are present within a project is known as the management of risks.... The risks that are posing challenges during the implementation of a project are effectively managed, (Mind Tools, 2009).... This paper "Project Risk management" discusses the London Heathrow Terminal 5 that has emerged to be the largest airport in the airline industry.... This paper attempts to study and evaluate the Risk management strategy and theories involved in the construction of London Heathrow Airport's Terminal 5, and critic these theories....

10 Pages (2500 words) Case Study

The Perspective of Project Management

The author of the paper states that from a project management perspective, a project is defined as one set of activities that have a concrete starting point and a finishing point.... In project management, every project has a specific deadline and must be completed by that time.... nbsp; After a simulation is analyzed, project management can discover many aspects of the project.... Therefore, every project can contain many different perspectives that derive from project management....

4 Pages (1000 words) Case Study

Product Lifecycle Management

On the other side, the project management has got many benefits to an organization.... The management should finally document any lessons learned for future projects (Griffin, 2010).... roject management is an important activity among the overall business operations.... roject management enables better teamwork.... The project lifecycle is comprised of four phases.... he initiation phase entails definition of the scope, objectives, purpose, deliverables, resources, the structure of the project and the timescales while in the planning phase, there is the creation of a comprehensive project plan....

9 Pages (2250 words) Essay

Risk and Uncertainty in Project Management

This coursework describes risk and uncertainty in project management.... hellip; These two factors have come under more concern over the past several decades and any business plan or project was undertaken must have these two items well scrutinized if they are to succeed.... nbsp; It is the possibilities that risk and uncertainty are most concerned about, the 'what ifs' that if not addressed early on in any project or plan will come back to haunt the project leader and possibly doom the plan to failure....

11 Pages (2750 words) Coursework

Technology Failures

Iridium was a project of Motorola with so many dreams.... or understanding the failure of iridium technology different factors are being considered to evaluate the disaster tale.... Due to the poor management and disappointing technology the Iridium project pushed the satellite phone technology into darkness.... The major reasons for failure of any project belonging to any domain are the same and these include bad planning, insufficient involvement of management or lack of management control, adoption of wrong marketing methods and adoption of flop technology in the sense that not considering the market trends....

9 Pages (2250 words) Essay

New Testament Resurrection Evidence

The source of the story of the resurrection of Jesus is not restricted to the Bible.... This paper "New Testament resurrection Evidence" narrates about women who visited the tomb after the body of Jesus was taken to the tomb and who found the stone closed the tomb had been taken away.... nbsp;… Paul spoke about the issue of resurrection in the book of 1 Corinthians 15:12-19, asking how can some people claim that the dead cannot resurrect when preachers say that Jesus Christ resurrected from the dead....

8 Pages (2000 words) Book Report/Review