Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The proposed Project could be based on a new facility to expand the business, an update to existing assets, a new business idea, marketing a

The proposed Project could be based on a new facility to expand the business, an update to existing assets, a new business idea, marketing a new/existing product or combination of all or any of these.

The Plan in this instance should include a justification for the project as well. Your justification should cover the wider range of issues introduced in the Project Management classes, including the financial considerations that clearly demonstrate the costings and value of the Project to the organisation. If your organisation is a not-for-profit, you will still need to establish relevant costings, for example how your Project proposal reduces costs or otherwise meets organisational objectives.

To start, consider the following two questions:

What Project are you planning to introduce? Why does the organisation need this Project (what problem or opportunity will it solve)?

Deliverables: -Develop a file to include the following deliverables:

-An introduction describing your organisation and the market(s) in which it operate(s). The justification of the need for the proposed Project -How and what ideas were generated for the Project, and how they were subsequently assessed and screened relative to customer needs and organisational goals (including financials) and capacities -Justify demand for your Project -A description of the overall project with a full action plan -Fully detailed scope management plan which includes the WBS Stakeholder Management Plan -HRM Plan including Organisation chart, RACI matrix and resource histogram -Schedule baseline using MS Project which clearly indicates CPA and valid network -Risk Management plan including the risk register -Cost Management plan with bottom up budget, cost baseline and valid 'S'- Curve -Procurement plan including the six steps with good attention to proposal evaluation -Communications plan including the communications register This criterion is linked to a learning outcomeProject introduction and Justification (Have the Project justification and problem been appropriately described).

-Scope Statement -Stakeholder Management Plan -Work Breakdown Structure (WBS) -Communication Plans -Risk Analysis -Procurement Plan -Gant Chart and Critical Path -Critical Chain -Project Budget -Cost baseline -HR Management Plan

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Credit Portfolio Management

Authors: Arik Ben Do, Lev Dynkin, Jay Hyman, Bruce D. Phelps

1st Edition

1118117697, 978-1118117699

More Books

Students also viewed these General Management questions