Business case for Holmes Solutions' diversification into the aerospace industry

Abstract

This report was completed as partial fulfilment of the MEM programme, and was done for the sponsor company, Holmes Solutions LP (HSL). The report is the result of research to evaluate the aero space market for potential opportunity to justify investment and diversification of HSL's capabilities. The project includes market assessment through secondary sources and wide practitioner engagement for insights. Following analysis and stakeholder engagement, the scope was refined to three tangible testing opportunities (static, flammability and dynamic), as well as engineering design, thus allowing adequate focus and completeness in the business case. The business case content also involved the development of a financial model for projecting returns on investment. This tool allows inputs to be adjusted for any changes following further data validation. Key recommendations from this business case are that engineering design and static testing appear viable, whereas flammability and dynamic testing appeared to be unprofitable and will require further validation. Following these recommendations, a high level implementation plan provides tangible actions and steps toward market entrance.