Precision Controls a leading designer of industrial valve systems has the opportunity to contract with Ashmore Chemicals with produces phenol. Ashmore is trying to improve on its safety due to terrorist activity and recent close calls at one of its plants. Ashmore wants upgrades to current valves with a time factor of nine months to completion. In return Precision Controls has the opportunity to make 100% price premium if improvements are dramatic enough and finished within the time frame. For Precision Controls this would mean a valve redesign, software development, and manufacturing issues to resolve for completion of project.