We are proposing a new air-fried snack line for PepsiCo for our project proposal. Below are the criteria and expectations of project success. Need to write a section defining alternative actions that could mitigate risk should the project fail to meet (or exceed) expectations. When should a post audit be conducted and who should be the designated party for the post audit?

The following Criteria will be used to measure product success:

Customer Satisfaction: Customer satisfaction surveys can be conducted to gauge the level of satisfaction with the products and the level of project success can be measured by customer feedback and reviews.

Sales Figures: The success of the project can be measured by comparing the sales figures of the new snack line to the anticipated amount as well as to the sales figures of other similar products on the market.

Market Share: The success of the project depends largely upon the amount of market share that could be obtained by the new snack line.

Production Costs: The production costs for the new snack line should be analyzed by comparing them to the sales revenue to determine the profitability of the project.

Brand Recognition: The new snack line's level of brand recognition should be determined by analyzing customer awareness and perception of the products.

Profitability: There will be a marginal profit return in the first two years if Revenue equals to or exceeds Net Operating Cost. In addition, this indicates a customer satisfactory rating provided the new snack's return on investment covers all overhead.

The following are expectations for the product:

Meeting Customer Needs: The new air-fried snack should meet the needs of customers who are looking for healthier snacking options. It should provide an alternative to traditional snacks that are high in fat and calories.

Quality Products: The air-fried products should be of high quality, with a crispy and delicious texture. Customers should be able to enjoy the taste and texture of the products without compromising on health.

Market Demand: The new snack line should have a high demand in the market. This can be measured by sales figures and customer feedback.

Brand Recognition: The new snack line should help to build brand recognition for the company. This can be achieved by creating a unique and memorable brand identity for the products.

Profitability: The new snack line should be profitable for the company. This can be measured by analyzing the cost of production and sales revenue.