Scenario: Launching a New E-commerce Platform Background: You are a project manager working for a fictitious company, "TechTrendz," which specializes in consumer electronics. TechTrendz has decided to launch a new e-commerce platform to expand its online presence and reach a global customer base. The company aims to create a seamless online shopping experience and increase sales by 30% within the first year. Project Objectives: Develop and launch a user-friendly e-commerce platform within six months. . Increase online sales by 30% in the first year. Ensure the website is secure, responsive, and compatible with various devices. Develop a marketing plan to attract and retain customers. . . Monitor and analyze website performance for continuous improvement. Project Characteristics: Scope: The project scope includes website design and development, product catalog integration, payment gateway setup, security measures, marketing strategy, and performance monitoring. Budget: A budget of $500,000 has been allocated for the project. Timeline: The project is expected to be completed within six months. Stakeholders: Stakeholders include Tech Trendz executives, marketing team, IT team, customers, and third-party vendors. Risks: Risks may include delayed development, technical glitches, security breaches, and stiff competition in the online marketplace. Student Tasks: Students are tasked with managing this theoretical project and demonstrating their understanding of project management principles. They should complete the following tasks: Project Initiation:Develop a project charter outlining objectives, stakeholders, constraints, and high-level project plan. Project Planning: Create a detailed project management plan, including scope, schedule, budget, quality assurance, risk management, and communication plan. Project Execution: Oversee the development and launch of the e-commerce platform. Coordinate with developers, designers, and third-party vendors. . Monitoring and Control: Monitor project progress, budget, and quality. Implement change control processes and risk mitigation strategies. . Marketing Strategy: Develop a marketing plan to attract and retain customers. Include online advertising, email campaigns, and social media strategies. . Performance Monitoring Implement tools and metrics to measure website performance. Analyze data to identify areas for improvement. . Project Closure: Ensure a smooth transition to the operational phase. Conduct a project post-mortem to identify lessons learned. Throughout the project, students will need to apply project management methodologies, tools, and techniques to meet the project's objectives within the specified constraints. This scenario provides a practical way for students to showcase their project management skills and knowledge gained in the course