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MBA Project Management Assignment Samples
PROJECT MANAGEMENT PLAN
Table of Contents
1. Project charter 3
2. Project title. 3
3. Milestone. 4
4. High level timeline. 4
5. Stakeholder management 5
6. RACI Matrix for the project 6
7. Gantt chart 6
8. Risk and issue management 6
9. Project management tool 7
10. Top-to-bottom approach of project governance model 8
References. 9
1. Project charter
| Project title: Innovative body wash product that kills 99.9% of germs Overview In light of the current situation, people are demanding products that are efficient for fighting against germs. Scope Meet people’s demand of fighting against germsEnvironment friendly product launchPrice lower than competitorsLaunching the product in the US first and then rolling into Europe Milestone Address the need of consumers through quick launch of antibacterial body wash product Project goal Launch an innovative body wash product that is cheap as well as effective for fighting against germs. Project team Marketing experts, Supply Chain manager and R&D professional |
Currently consumer behaviour is changing towards products that are effective to fight against germs. Due to this, the project of delivering an innovative body wash capable of killing 99.9% germs is a feasible option for the company.
Project scope and milestone of meeting people’s demand through an innovative eco-friendly product priced cheap compared to that of competitors is pursued.
Project goal of launching a germ fighting body wash product in collaboration with marketing expertise, R&D department and supply chain manager is pursued. Thus, the undertaken project and the pursued goals and milestones satisfy the actual business need of the company.
2. Project title
Delivering a new body wash product by a global FMCG company that kills 99.9% of germs
Title of the undertaken project is Launching an innovative and cheap body wash product for the consumers that can kill 99.9% of germs.
3. Milestone
- Meet people’s demand for personal hygiene and care products
- Offer a cheap product that is efficient also for its purpose
- Be concerned about using eco-friendly packaging material for the new body wash product
- Firstly launching the product in the US market and afterwards expanding to Europe market
Planned project milestones are effective to determine the final project success and the pursued intention to follow for planning the project.
This slide explains project milestones that are needed to be focused during project practices for deriving the project as a highly successful business proposal for the company.
4. High level timeline
| ID | Activities | Duration | Start date (MM/DD/YYYY) | End date (MM/DD/YYYY) |
| 1 | Project initiation | 8 days | 02/07/2022 | 02/16/2022 |
| 2 | Market analysis | 5 days | 02/07/2022 | 02/11/2022 |
| 3 | Identifying product need | 3 days | 02/14/2022 | 02/16/2022 |
| 4 | Project planning | 6 days | 02/17/2022 | 02/24/2022 |
| 5 | Determining product features | 3 days | 02/17/2022 | 02/21/2022 |
| 6 | Settling price | 1 day | 02/22/2022 | 02/22/2022 |
| 7 | Packaging design and material selection | 2 days | 02/23/2022 | 02/24/2022 |
| 8 | Project execution | 21 days | 02/25/2022 | 03/25/2022 |
| 9 | Producing the product | 6 days | 02/25/2022 | 03/04/2022 |
| 10 | Launching in the market | 5 days | 03/07/2022 | 03/11/2022 |
| 11 | Product marketing | 10 days | 03/14/2022 | 03/25/2022 |
| 12 | Project closure | 6 days | 03/28/2022 | 04/04/2022 |
| 13 | Completing production | 5 days | 03/28/2022 | 04/01/2022 |
| 14 | Adding a new product portfolio | 1 day | 04/04/2022 | 04/04/2022 |
This slide shows a detail project timeline
5. Stakeholder management
| Key stakeholders | Power | Influence | Management strategy |
| Project manager | High | High | Communicating business activities regularly |
| Marketing experts of the global FMCG company | Low | High | Keeping informed about the project progress (Gupta et al. 2020) |
| R&D specialists | Medium | High | Share key details regarding the product speciality |
| Supply chain manager | Low | Medium | Keeping engaged in project planning |
| Customer | Medium | High | Keeping satisfied |
Above table summarizes project stakeholders and management strategy
Identified project stakeholders and determination of stakeholder management theory is likely to exert positive project impact
6. RACI Matrix for the project
This slide represents the RACI matrix for the undertaken project
- Economic value analysis for the product
- Designing a strategic project framework
- Developing actual product concepts based on user analysis and testing outcomes
- A roadmap for delivering the product to be designed
RACI Matrix helps for effective task allocation for the project stakeholders (Suhanda and Pratami, 2021). As per the RACI matrix for the undertaken project, economic value calculation for the innovative body wash product intended to deliver to the market customer is an essential responsibility of the stakeholders.
7. Gantt chart
This slide represents the project Gantt chart for launching an innovative body wash product
- Whole project is divided in four phases as initiation, planning, execution and control
- Sub-activities under each phase is identified
- Time and task dependency based project activities sequencing is planned
Project Gantt chart helps visualize the key project activities and time plan to follow for effective project governance (Brčić and Mlinarić, 2018). Gantt chart of the undertaken project guides an effective sequence of project practices that can raise overall performance quality of the project. Thus, the proposed Gantt chart is an essential practice guide for the project.
8. Risk and issue management
| Risk and issues | Likelihood | Impact | Mitigation |
| Failed product designing | Medium | High | Designing the product based on actual consumer expectations |
| Low demand of the product after launch | Low | Medium | Improving product marketing effort |
| Inefficient supply chain network | Medium | Medium | Signing contract with a third-party highly efficient supply chain network owner |
| Failed product marketing | High | High | Highlight consumer value offering aspects during product marketing |
| Competitor launching similar product at low price | Low | Medium | Diversify product range |
| Non-attractive product packaging | Medium | Low | Eye catchy packaging content integration |
This slide summarizes project risks and issues and best mitigation approach
9. Project management tool
Gantt chart
- Using this tool to improve project activity practice flow outlook
Gantt chart project management tool can be used for the undertaken project to plan project activity governance desirable as per the requirement of meeting phase-wise practice objectives efficiently.
Work Breakdown Structure (WBS)
- This project management tool can be used to make the project activity plan in a more manageable way for better governance in terms of following the practice sequence governed by the WBS (Burghate, 2018)
WBS project management tool utilization of the project would be beneficial in terms of developing team understanding about smaller work practice segments that could be followed to accomplish the final project goal.
Project Baseline
- This project management tool summarizes a plan of practice that integrates the aspects of project scope, time as well as budget parameters (Tereso et al. 2019)
Project baseline management tool can be used for the undertaken project to ensure effective alignment between the project scope defined and the budget and time allocated for practicing all the project activities
10. Top-to-bottom approach of project governance model
Top to bottom project communication management
- Flow of information from top level manager to low level project authorities
High level project or business authority to field workers for the project will be the direction of project governance.
Communication plan for the project
- Decision making by top level managers
- Conveying the made decision to the project workers by operational heads
- Project workers applying the made decisions
Above shown entity contact flow will be followed as the project communication plan as top down approach prescribes flow of information from the higher level project authorities to the lower level workers. Decisions made by organizational authorities will be practiced by the project workers for the undertaken project so that a centralized project control governance model can be established.
- Top-to-bottom communication approach will be followed
- Hierarchy form of decision making responsibility
Top-to-bottom approach based project communication and governance model will be followed for the undertaken project in order to prescribe sole responsibility of making decisions to the organizational or project team hierarchy level entity. Top-to-bottom project governance approach helps establish a centralized decision making control for effective project practice and success accomplishment (Heide et al. 2018).
References
Brčić, M. and Mlinarić, D., (2018). Tracking predictive gantt chart for proactive rescheduling in stochastic resource constrained project scheduling. Journal of Information and Organizational Sciences, 42(2), pp.179-192.
Burghate, M., (2018). Work breakdown structure: Simplifying project management. International Journal of Commerce and Management, 3(2), pp.453-461.
Gupta, K., Crilly, D. and Greckhamer, T., (2020). Stakeholder engagement strategies, national institutions, and firm performance: A configurational perspective. Strategic Management Journal, 41(10), pp.1869-1900.
Heide, M., von Platen, S., Simonsson, C. and Falkheimer, J., (2018). Expanding the scope of strategic communication: Towards a holistic understanding of organizational complexity. International Journal of Strategic Communication, 12(4), pp.452-468.
Suhanda, R.D.P. and Pratami, D., (2021). RACI Matrix Design for Managing Stakeholders in Project Case Study of PT. XYZ. International Journal of Innovation in Enterprise System, 5(02), pp.122-133.
Tereso, A., Ribeiro, P., Fernandes, G., Loureiro, I. and Ferreira, M., (2019). Project management practices in private organizations. Project Management Journal, 50(1), pp.6-22.