Element of the business case presentation

Assignment Help Project Management
Reference no: EM131034900 , Length: 450 Words

Please follow required instructions.

REQUIRED

Individual Assignment: Project Scope, Aims and Objectives

1. The first step in managing projects is determining the scope of the project. The scope of a project is like looking at a large object from a distance. The view from a distance will help you to see the whole, rather than get caught in details. In project management, determining the scope of a project means identifying the work that needs to be accomplished to deliver the desired service, product or result. The scope of a project is often broad and subject to change. To overcome this, experts recommend including an explanation of why the project is being pursued, the desired outcome of the project, project goals and as much information as you can include about resources, budget and schedule.

2. The second step you should take in project management is identifying the project aims. The aims of the project answer the question, ‘What will this project accomplish?' One way to create project aims is to use the mission and values of the organisation, e.g., ‘This project aims to expand our territory in Wales while working to be the number one retailer of organic foods in the United Kingdom, as well as continuing to give back to the community in the areas where we develop our stores'. This aims statement incorporates the organisation's mission to be the number one retailer of organic foods, their value of giving back to the community and their desire to accomplish an expansion into Wales.

3. The third step in project management is identifying the project objectives. A project's objectives will more precisely define what it is the project is trying to achieve, including how the project will be completed. By creating objectives, you can see the major tasks that will need to be undertaken to complete the project and get an idea of what resources will be necessary. To create a project's objectives, examine the project aims and then think about what will be needed to meet the identified aims.

The scope, aims and objectives of a project will give you a strong foundation for starting a project, and are usually necessary for a project to gain approval from stakeholders and upper management.

In this unit, you will complete the first element of the Business Case Presentation for your Final Project by determining the scope, aims and objectives of the project you have been assigned.

To complete this Individual Assignment:
- Review the scenario below.
- Research the topics in your scenario, on the Internet and in Academic libraries, and add detail and assumptions to the scenario to further define it.
- Identify the project scope, and create aims and objectives for the scenario, and include these in a section titled, ‘Project Scope, Aims and Objectives'.

Scenario: Launching a New Product Line

You work for a firm that manufactures and distributes haircare products.

To this point, your sales have primarily been to retail outlets. The firm has decided to launch a new product line of bulk-packaged hair care products to be sold and distributed to organisations such as hospitals, gyms, schools and universities with residences for students, and similar customers. You are in charge of the team who must present a project plan for the production, sales, and distribution of the new product line to potential investors in order to secure funding to bring the new product to market.

Verified Expert

In this individual assignment, the first step in managing projects is determined the scope of the project. In the second step in project management is identified the project aims. and in final and third step in project management is identified the project objectives. Total solution is provided in approx 450-500 Words.

Reference no: EM131034900

Questions Cloud

Firm wacc and total corporate value : The firm pays out all earnings as dividends, hence its stock is a zero-growth stock. Its current cost of equity, rs, is 14%. If it increases leverage, rs will be 16%. If it decreases leverage, rs will be 13%. What is the firm's WACC and total corp..
What feedback did the employer have on your resume : Identify an organization and person with whom you would like to speak regarding a career of personal interest.Family members or faculty (unless you intend to become a college professor) should not be interviewed for this assignment. See Amy for q..
Enhancing your global leadership skills : Develop a rationale for the necessity to accept responsibility to prepare the self, using the insights from the existing developmental pathways available to you for enhancing your global leadership skills.
Money makers or money shakers : Money Makers or Money Shakers? What are buttocks really in an economic sence?
Element of the business case presentation : Identify the project scope, and create aims and objectives for the scenario, and include these in a section titled, ‘Project Scope, Aims and Objectives'
Explain how each was affected by the events : Explain how each was affected by the events. With power, urgency, and legitimacy in mind, what were possible effects of Enron’s corporate culture on stakeholders? All of the executives in this case believed they were not guilty of the charges levied ..
When a verb is written in the passive voice : When a verb is written in the passive voice, the following is true:
Provision of ultrasound services : 1. Estimate the base case cost of each alternative regarding the provision of ultrasound services. (For now, ignore the discount if three units are purchased.)
Write this model in the general linear model form : Write this model in the General Linear Model form Y = Xβ + ε. Consider Yijk = µ + βj + γij + εijk as the reduced model and test H0: α1 = α2. Now consider Yijk = µ + βj + εijk as the reduced model and test H0: α1 = α2

Reviews

Write a Review

 

Project Management Questions & Answers

  Monitor and control project progress

Monitoring and Controlling Project Progress and what are some of the ways that a project manager can use budgeting plans to track and compare actual data on project progress?

  Metrics that airlines should develop to measure performance

In 200 - 250 words, describe two other metrics you think airlines should develop to measure performance. Be sure to describe how this data would be collected.

  As an student believe it or not your career goals can be

as an student believe it or not your career goals can be viewed as a project. remember from the text that a project is

  Lifelong dream of opening your own business

After having spent 11 years working for a large Canadian bank as an account officer in central Vancouver, you have decided to pursue your lifelong dream of opening your own business with your brother

  What is meant by planning a project

What is meant by planning a project? What does this encompass, and who should be involved in planning the work

  Techniques to speed up a project

What are some techniques to speed up a project? Under what circumstances might they be implemented? Is hiring/adding more staff always a boost to timely project schedule completion?

  Define fall restraint system

Fall protection during steel erection requires protection by a guardrail, net, personal fall arrest, positioning device, or fall restraint system. Choose one of these systems, and discuss how the system would be used.

  Importance of communicationsome questions that involve

importance of communicationsome questions that involve critical thinking about the communications issues we have been

  Explain responsibilities of the project manager

What should your competitive priorities be and what capabilities do you want to develop in your own core and support processes

  The information requirements of hypothetical information

Please write up a 3-4 page paper documenting the information requirements of your hypothetical information system project. In the course of your write-up, please describe user (business) and technical requirements (technology acquisition). Training u..

  When does delivery formally arise

When does delivery formally arise

  Calculating project-s annual project free cash flow

Assuming the firm faces a 30% tax rate, calculate the project's annual project free cash flow (FCF) for each of the next five years.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd