Worksheet for Creating a Project Charter
Instructions
Use this worksheet to create a charter for your project. Clarify the nature and scope of the project team’s work, as well as management’s expectations for results.
Handstar, Inc
Part I. Executive Summary
What are the project’s objectives (deliverables)?
The main objective of this project is to identify and assess a list of potential projects that the company will use to update its existing product offerings as well as to create new concepts for extra offerings. The other objective is to enable the founders to address the concerns of competitiveness of their products and service offerings, especially because none of the current offerings have been updated since their introduction into the market. The project will help the company to create business strategies that will foster its competitiveness in the software applications sector. Fundamentally, the project enlists the potential projects that can offer a weighted score design for assessing future and existing projects. The project is expected to produce a comprehensive assessment of potential projects that the company should consider when updating its product offerings. The project assumes that the budget estimate and schedule might also affect the entire objective of the project, but consistent documentation of the processes and projected schedule and budget changes will address the emerging issues.
Part II. Business Case
What business need does the project address?
Business needs:
The project seeks to enhance Handstar’s competitiveness in the software development industry serving handheld computing devices. Handstar also needs to understand the business issues associated with the development expenses of its diverse projects, revenues from products, and the potential that the company can obtain or retain its market leadership for its specific products. Furthermore, there is a need to determine the extent to which the company products use the Internet.
What is the relationship between the project’s goals and the organization’s goals?
The project aims to provide a comprehensive overview of the feasibility and revenue potential of Handstar Inc. It complements the organization’s goal of being the market leader in software applications for mobile or handheld computing devices. Retaining its position as the market leader means that future and existing products must reflect the market aspects such as product quality, updates, pricing, and production costs
What are the benefits of the project to the organization?
The project will help the company to create business strategies that will foster its competitiveness in the software applications sector. Fundamentally, the project enlists the potential projects that can offer a weighted score design for assessing future and existing projects.
Part III. Project Definition
What is the project mission statement?
The mission statement for this project is to establish a measuring or weighing framework for use in assessing the feasibility, profitability, and costs of projects required for updating company products.
Who is the project sponsor?
The project will be sponsored by Handstar Inc.
What is the project scope?
The project is expected to produce a comprehensive assessment of potential projects that the company should consider when updating its product offerings. The project is expected to last for 14 days from its inception to completion. The projected budget for the project is $20,000, which covers research on updating techniques, labor expenses, and materials purchase.
What is the expected time frame of the project work and milestones?
The project will start on February 03, 2010, and end on February 17, 2020. The aggregate project duration is 14 days. The project initiation stage will be on February 03 and end on February 05, 2020. The longest task is expected to be the research on the product update methods, which is projected to take about 5 days.
What resources are available to the project team?
- The company has technical personnel to code update applications
- Skilled and experienced project management team
- Sufficient capital to fund the project
Describe project constraints.
The constraints linked with the project include, among others, the schedule or time-frame, projected outcomes, resource availability, and performance of project tasks. The project outcomes will involve the implications of the project and expected products for the company in the end. The updated products are expected to create better competitiveness in the industry, business profitability, reduced operational costs, and a better understanding of how products use the Internet.
Clarify assumptions about the project.
- The project assumes that issues such as team motivation, availability of resources, project manager’s expertise and experiences, and integration frameworks controlling the old and updated systems, will affect the expected outcomes.
- The budget estimate and schedule might also affect the entire objective of the project but consistent documentation of the processes and projected schedule and budget changes will address the emerging issues.
List project quality requirements.
- The identified projects for performing updates should be reliable, particularly inconsistent and enduring performance in real-world contexts
- The project outcomes should be consistent with the expectations that the identified projects alternatives will produce higher profits and market share for the company
- The project outcomes should ensure that the update processes are simple to perform by any user of the company products
Part IV. Risk Assessment
In the table below, outline the major risks associated with the project, their probability of occurrence, their potential impact, and the steps proposed to manage the risks.
| RISK | PROBABILITY | POTENTIAL IMPACT | STEPS TO MANAGE
THIS RISK |
| Executives may fail to offer critical support to the project | Low | Project failure because the project team will lack the authority and drive to obtain project objectives | Ensuring that the executives are informed of the project mission, expected outcomes, and significance to the organization and team |
| Errors in filling the project scope | Medium | Errors of omission in outlining the scope will inflate continuous growth and uncontrolled scope changes | Ensuring that all the dependencies, objectives, resources, and projected outcomes are accurately presented and confirmed with evidence from previous projects |
| Inaccuracies in budget and time forecasts | High | Adjustments to the original time and budget estimates will constrain labor, team motivation, capital, and overall project outcomes | Estimating budget and schedule using previous projects and scale of work required to perform new projects |
| Lack of or limited change management process | High | The project will experience compromises from limited visibility into shifts that affect the project | The project manager should establish change management at the departmental or organizational level |
| Stakeholder disengagement | Medium | Issues in project communications among stakeholders will hinder the focus on project progress, change, and deviations from project goals | -Proper communications channel and structure should be established by the project manager
-Creating the communications strategy should involve the contribution of all |
| Stakeholder conflicts | High | Stakeholder disagreements over project issues will affect the original scheduling and other resources such as changes in tasks and budget | The project document should clearly outline and communicate the roles of each stakeholder, communication channel, supervisors, team, and department |
| Low-quality process inputs | Medium | Some stakeholders may deliver low-quality inputs, including unexpected change requests, unnecessary requirements, and improper or useless business cases | -Outlining all requirements from stakeholder, expected quality threshold, and clear procedures of reporting change requests
-The project document should clearly outline the requirements of every team member.
|
Part V. Project Organization
In the table below, outline the roles and responsibilities of project team members.
| TEAM MEMBER NAME | ROLE | RESPONSIBLITY |
| Waverly Tompkins | Project owner | 1. Deliver a clear vision of the whole project
2. Prioritize and manage product or resource backlog 3. Sign off and offer feedback on work outcomes 4. Ensure project/product development team understand its tasks and operate on the correct aspect procedurally |
| Lawrence McNight | Project owner | 1. Deliver a clear vision of the whole project
2. Prioritize and manage product or resource backlog 3. Sign off and offer feedback on work outcomes 4. Ensure project/product development team understand its tasks and operate on the correct aspect procedurally |
| Edward Smith | Project manager | 1. Resource and activity planning
2. Motivating and organizing the project team 3. Time management and schedule control 4. Budget development and cost estimation 5. Guaranteeing customer satisfaction 6. Managing and appraising project risks 7. Monitoring progress |
| Helen Santino | Project supervisor | 1. Coordinating and controlling all labor demands for the project
2. Identifying internal and external team members 3. Recruiting and training external labor 4. Constructing and delivering project documentation and instructions to all team members |
| Andrew Johnson | Project team member (IT team leader) | 1. Leading IT team in identifying and executing project information technology demands
2. Determining new approaches for updating software applications for mobile or handheld computing devices 3. Coordinating the team by communicating project milestones, new changes, and manager’s report |
| David Felps | Project team member ( Project research team leader)
|
1. Identifying existing studies on project valuation
2. Determining feasibility characteristics of various projects identified in the initial project phases 3. Coordinating the team by communicating |
| Andrea Black | Project team member (Auditing) | 1. Auditing needs of identified or potential projects required by the company
2. Reviewing the findings of the project research team and advising on the way forward 3. Determining feasibility characteristics of various projects identified in the initial project phases
|
| Henry Whiteman | Project team member | Coding |
| Jenifer Jones | Project team member | Coding |
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
