Identification of the project sponsor and creation

Assignment Help Operation Management
Reference no: EM13810514

You are a manager at Winsome Manufacturing Company, a company that produces plastic storage containers and sells them to the home consumer through home sales events. At the company's quarterly meeting, the head of marketing described a new product to be introduced in the first quarter of the next fiscal year, approximately nine months from now. The product will be a room-sized plastic storage unit suitable to the outside of the home; it is similar to a competitor's product but will have significantly more features. This product will open new markets for the sales channel, lay the foundation for add-on products, and generate new revenues. You have only seen preliminary sketches of the potential product but are very excited by the new product.

The project will require participation from the design, production, purchasing, shipping, sales, and marketing departments. Winsome Manufacturing owns a line of injection molds suitable, so all manufacturing will be done in-house. The project manager for this project has not yet been selected, but that decision is expected to be made in the next week.

You have been asked to come to a preliminary project initiation meeting that will result in the identification of the project sponsor and creation of the project charter.

In preparation for the meeting, answer the following questions:

  • Who are the project stakeholders? How will they be involved in the project?
  • Who should be the project sponsor? Why?
  • From which department should the project manager come? Why?
  • What are the expected results of the project?
  • What is the project charter? 
    • What value will it add?
    • What problem will it solve?
    • What are the ramifications for not doing it?
  • Answer the questions listed, and prepare to submit them with the charter. 
  • Then write your charter, which should include the components of background, problem statement, and rationale. The background should identify the person/role/department requesting the project. The problem statement should describe the business opportunity the project will address. The rationale should describe the impact of not doing the project and may refer to a business case that you create. You should define the business value expected from the new product.
  • Length of the charter should be 1-2 pages, approx. 4-6 paragraphs. 

Reference no: EM13810514

Questions Cloud

What is the firms cost of equity : Martin Industries just paid an annual dividend of $2.30 a share. The market price of the stock is $28.90 and the growth rate is 5.8 percent. What is the firm's cost of equity?
Define the market for reusable fruit infused water bottles : Factors that affect demand, supply, and equilibrium prices in the market in which the reusable fruit infused water bottles operates: Define the market for reusable fruit infused water bottles
Results of exchange rate changes : Early in September 1983, it took 255 Japanese yen to equal $1. Nearly 28 years later, in August 2011, that exchange rate had fallen to 115 yen to $1. Assume that the price of a Japanese-manufactured automobile was $11,000 in September 1983 and that i..
Individual assignment social movements and gender : Individual Assignment: Social Movements and Gender
Identification of the project sponsor and creation : You have been asked to come to a preliminary project initiation meeting that will result in the identification of the project sponsor and creation of the project charter.
Determine amount that will be capitalized for installation : A proposal has been made to purchase a machining center at a price of $950,000. The delivery will cost an additional $12,000. It will take a three-person maintenance crew two standard 40-hour weeks that earn $25 an hour each to install the needed ele..
Firms tax liability-income statement and balance sheet : The Bookbinder Company has made $150,000 before taxes during each of the last 15 years, and it expects to make $150,000 a year before taxes in the future. However, in 2013 the firm incurred a loss of $650,000. Show how it calculates this credit, and ..
The advantages and disadvantages of each theory : Discuss the different theories of interest structure and the advantages and disadvantages of each theory.
Discuss five characteristics of direct manipulation systems : Discuss Disadvantages of GUI- Discuss five characteristics of direct manipulation systems according to Shneiderman

Reviews

Write a Review

Operation Management Questions & Answers

  Calculate payback period

Which project do you recommend for development? Support your recommendation.

  Explain how would protected values preferences and laws

how would protected values preferences and laws affect consistency in making ethical decisions? what strategies would

  Identify mission-related environmental risks

Identify mission-related environmental risks. Identify potential effects of environmental factors on missions also operations.

  Describe the hipaa privacy and security rules

Develop a 5- to 7-slide Microsoft® PowerPoint® slide presentation that includes the information the CIO requested in the scenario. List major points in the slides. Include detailed explanations in the speaker notes that correlate to each point. Incl..

  Describe the impact of solicitation process

Describe the impact of the solicitation process and how it determines the preparation of your bid. Find an example of a project in which one of these two types was used in a real federal contract.

  Consider an irreducible markov chain with n states

Consider an irreducible Markov chain with n states {0,1,n} where the transition probabilities are: p_(i,i+2) = 1/2 and p_(i,i-1) = 1/2. Is this chain ergodic? If not, what is the period?

  How communication effects behavior

How Communication Effects Behavior. examine the major effects that an employee not following a company's social media policy can have on the employer and the employee. Give two examples of the impact and consequences of an employee not following a..

  Managing production of goods and services

Explain what these tools are and how they are used. What are the benefits of each example for managing production of goods and services for the company

  Determine the number of cycles per day and a production

Determine the number of cycles per day and a production quantity per cycle for this set of products that achieves fairly level production:

  Are the same principles involved in both these questions

Are the same principles involved in both these questions? Explain.

  Company strengths and weaknesses

Once you have all of this gathered and reviewed, please answer the following in the discussion question: What are the company's strengths and weaknesses? Please be specific. Use at least 3 examples from the materials you have collected and cite..

  Defined retirement plan and contributory plan

Most employee benefits we receive from our employers are provided tax free. Why? What percent of Total Compensation does the average employer pay for benefit plans? What percent of payroll does your employer pays for your benefits? Explain the differ..

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