Nt1310 Unit 1 Business Plan

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RUNNING HEAD: PROJECT INITIATION Unit #1 IP Instructor: American InterContinental University Project Initiation Project stakeholders are parties that are interested in the project itself. The stakeholders will include the employees of all the related departments design, production, purchasing, shipping, and sales and marketing. The customers are the actual users of the plastic storage containers. The vendors of the projects include the media, project sponsors, and the government along with the community. As a stakeholder, they want an organization that will pursue goals which are important but not necessary to the organization and hence will influence the mission and goals of the organization. There are 5 primary…show more content…
A project plan will be developed and submitted to the Project Sponsor for approval. The project will start when all approvals are met and funds have been collected by the sponsor. Project Scope: The purpose of the Plastic Storage Containers project is to introduce room sized plastic storage units that will be suitable for the outside of homes. Although they will be similar to the competitor’s product, they will have more significant features. This project will meet Winsome Manufacturing Company project needs to open markets for sales, lay foundations for add on products and generate new revenues. Authority the Project Manager: The Project Manager, Ms. Orr, is authorized to meet with management as required, and negotiate resources, while delegating responsibilities assigned for the project, and to communicate with all contractors and management, as required. The project manager will also ensure successful and timely completion of the project. While being responsible for developing the project plan, monitoring the schedule, cost, and scope of the project, the project manager is also responsible for maintaining control of the project and taking corrective actions as…show more content…
Once the project starts work on the project will be performed according to the schedule provided in the approved project plan. The Project Manager will obtain approval from the Project Sponsor for any schedule changes which will impact the project’s completion milestone. All project work will officially begin on January 1, 2013, and be completed July 1, 2013. In conclusion, creating a charter is the most important aspect of a project, it allows everyone to be held accountable for their actions along with their responsibilities. If the project charter is done correctly, it will broaden the consumer base for the company and References: Hill, S (2009) Marketing Management retrieved on January 10, 2013 from http://www.stsc.hill.af.mil/crosstalk/2000/12/smith.html Smith, W (2010) Project Initiations retrieved on January 12, 2013 from http://www.1000ventures.com/business_guide/crosscuttings/project_stakeholders.html Mulcahy, R (2009) What is a Project Charter? Retrieved January 17, 2013 from WWW.CISCOPRESS.COM Nankivel, J (2008) Project Charter: How Important is it? Retrieved January 17, 2013 from

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