ProjectManagementFoundations_Assessment1
Develop a Project Charter, using the provided Project Management Plan template, based on Cosmo, Inc., a leading company in the development and distribution of wearable technology products, or your own selected business.
Introduction
This portfolio work project, a project charter, is based onyour selected business and is the first key componentof yourproject management plan.You may base your plan on Cosmo, Inc., a developer and distributor of wearable technology, or use a businessof your choice.
A project charterdescribes the approved project objectives and project management. It authorizes the project manager to use resources to complete and deliver a specific deliverable, result, or product.
Scenario
For this assessment, choose either Option A or Option B. You do not need to do both. Your instructor will grade bothoptions using the same scoring guide.
Option A:Based on theanalysis completed by a task force at Cosmo, Inc., the marketing department mustdevelop, implement, and test a new marketing campaignfocused on maintaining current customer levels and increasingtheir customer basethrough the utilization of new technology.Refer to the Cosmo, Inc.Business Case document for more information.
Option B:Choose a business of your own. The business must include (but is not limited to) the following criteria:
Clear business objective and a specific completion outcome.
Project team has at least three members (not including you, the project manager), each with defined roles and responsibilities.
Completion window of180 days.
Cost estimates that serve as the basis for a budget are used as part of the plan development process.
Your Role
For both Options A and B, you are the project manager.
Requirements
Using the Project Plan Template, develop the Project Charter section of the Project Management Plan, including the following:
Business Need.
Briefly describe the business need for Cosmo, Inc. or your selected business.Indicate how this will align with organizational strategic goals and objectives. Include quantitative information that supports the severity of the problem(performance metrics, costs metrics, customer satisfaction metrics, and so on).
Project Objectives.
Provide a brief statement regarding the implementation of the project, and then use bullet points regarding the major deliverables.
Project Approach.
Describe the business requirements for the project. How will the project be managed? For example, this project will be managed in accordance to the PMI approach as modified. Provide specific tools or techniques that will be utilized per project phase.
Project Assumptions.
Explain project assumptions. For example, it is assumed that the budget will be available to support the project and will require no update.
Project Constraints.
Explain project constraints. For example, the resources for the project may not be available as needed, and alternative solutions may be required. Provide mitigating strategies for each constraint.
Project Dependencies.
Explain project dependencies. For example, this project is dependent on the construction feasibility project (name) to be completed before this project can proceed. Provide mitigating strategies for each dependency.
Analyze initial risk factors to the project. Include the impacts and mitigating strategies. For example,city permit application and approval occurs once a month. This could delay the ground-breaking tasks. Mitigation: Request a special meeting with the city planning department to gain approvals.
Regulatory Costs and Impacts.
Analyze the impact of regulations and costs to the project. For example,SOX, HIPAA, GLB, SEC rules, local and state licensing, permits, et cetera.
Roles andResponsibilities.
Explain who the project stakeholders are, their roles, and theirresponsibilities.
Signoffs.
Not required for this portfolio work project.
Comments.
This area is for stakeholder comments and is not required for this portfolio work project.
Deliverable Format
Utilize Project Management Plan Template.
References:There is no set number of references required for this assessment. Use scholarly or academic sources where applicable.
Format:
Use the Project Charter component of the Project Management Plan template provided.
The Project Charter is a professional document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines linked in the MBA Program Resources, including single-spaced paragraphs.
Use APA style and format for references and in-text citations.
Length:Utilize the template, including the title page and reference page.
Evaluation
By successfully completing this assessment, you will demonstrate your proficiency in the followingcourse competencies through corresponding scoring guide criteria:
Competency 1: Analyze project management methodologies and frameworks.
Explain project assumptions, constraints, and dependencies.
Analyze initial risk factors to the project.
Analyze the impact of regulations and costs to the project.
Competency 3:Analyze the application of various project management frameworks.
Describe the business requirements for the project.
Competency 4: Analyze how leadership characteristics and behaviors affect project quality and success.
Explain who the project stakeholders are, their roles, and their responsibilities.
Competency 5: Communicate project management needs, opportunities, and strategies with multiple stakeholders.
Communicate in a manner that is professional and consistent with expectations for members of the project management profession
Project Management Plan
[Title]
[Subtitle]
[Learner name:]
[Course number:]
[Date:]
Table of Contents
3
Executive Summary (Assessment 4)
4
Project Charter (Assessment 1)
7
Project Scope (Assessment 2)
7
Work Breakdown Structure (WBS) (Assessment 2)
7
Project Management Cost (Budget) (Assessment 3)
8
Project Management Schedule (Assessment 3)
8
Risk Management Plan (Assessment 4)
9
Project Quality Plan (Assessment 4)
9
Project Close and Lessons Learned (Assessment 4)
10
Appendices
11
References
Executive Summary (Assessment 4)
Project Charter (Assessment 1)
Project Title:
Project Start Date:
Projected Finish Date:
Budget Information
Project Manager:
Business Need
Project Objectives
Approach
Assumptions:
Constraints:
Dependencies:
Initial Risk Factors
Regulatory Cost and Impact
Roles and Responsibilities
Role
Name
Organization and Position
Responsibilities and Tasks on the Project
Contact Information
Project Sponsor
Project Manager
Title
Sign-Off:
Comments:
Project Scope (Assessment 2)
Overview
Description
In scope:
Out of scope:
Acceptance Criteria:
Deliverables:
Work Breakdown Structure (WBS) (Assessment 2)
WBS Introduction:
WBS Graphical Representations:
Project Management Cost (Budget) (Assessment 3)
Introduction (Intent):
Project Budget:
(Note: Cut/Paste Summary tab from template here. Attached budget file as a separate attachment.)
Project Management Schedule (Assessment 3)
Introduction (Intent):
Microsoft Project Document:
(NOTE: Please, also, attach your MS Project Schedule file as a separate document. Links sometimes do not work.)
Risk Management Plan (Assessment 4)
Introduction:
Risk Matrix
Introduction and Legend (Intent):
Risk Description
Probability
(L, M, H)
Impact
(L, M, H)
Risk Owner
Risk Response (Mitigation)
Project Quality Plan (Assessment 4)
Introduction (Intent):
Plan Quality Management Processes:
Inputs:
Tools and Techniques:
Outputs:
Manage Quality Assurance:
Inputs:
Tools and Techniques:
Outputs:
Control Quality:
Inputs:
Tools and Techniques:
Outputs:
Project Close and Lessons Learned (Assessment 4)
Appendices
References
1
2 Project Management Plan
[Title]
[Subtitle]
[Learner name:]
[Course number:]
[Date:]
Table of Contents
3
Executive Summary (Assessment 4)
4
Project Charter (Assessment 1)
7
Project Scope (Assessment 2)
7
Work Breakdown Structure (WBS) (Assessment 2)
7
Project Management Cost (Budget) (Assessment 3)
8
Project Management Schedule (Assessment 3)
8
Risk Management Plan (Assessment 4)
9
Project Quality Plan (Assessment 4)
9
Project Close and Lessons Learned (Assessment 4)
10
Appendices
11
References
Executive Summary (Assessment 4)
Project Charter (Assessment 1)
Project Title:
Project Start Date:
Projected Finish Date:
Budget Information
Project Manager:
Business Need
Project Objectives
Approach
Assumptions:
Constraints:
Dependencies:
Initial Risk Factors
Regulatory Cost and Impact
Roles and Responsibilities
Role
Name
Organization and Position
Responsibilities and Tasks on the Project
Contact Information
Project Sponsor
Project Manager
Title
Sign-Off:
Comments:
Project Scope (Assessment 2)
Overview
Description
In scope:
Out of scope:
Acceptance Criteria:
Deliverables:
Work Breakdown Structure (WBS) (Assessment 2)
WBS Introduction:
WBS Graphical Representations:
Project Management Cost (Budget) (Assessment 3)
Introduction (Intent):
Project Budget:
(Note: Cut/Paste Summary tab from template here. Attached budget file as a separate attachment.)
Project Management Schedule (Assessment 3)
Introduction (Intent):
Microsoft Project Document:
(NOTE: Please, also, attach your MS Project Schedule file as a separate document. Links sometimes do not work.)
Risk Management Plan (Assessment 4)
Introduction:
Risk Matrix
Introduction and Legend (Intent):
Risk Description
Probability
(L, M, H)
Impact
(L, M, H)
Risk Owner
Risk Response (Mitigation)
Project Quality Plan (Assessment 4)
Introduction (Intent):
Plan Quality Management Processes:
Inputs:
Tools and Techniques:
Outputs:
Manage Quality Assurance:
Inputs:
Tools and Techniques:
Outputs:
Control Quality:
Inputs:
Tools and Techniques:
Outputs:
Project Close and Lessons Learned (Assessment 4)
Appendices
References
1
2
