This report discusses the project plan, scope, risk, and success of Astra PLC's new digital application that aims to provide worldwide service and measure fitness levels.
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Project on Astra PLC new app
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Table of Contents Introduction:.....................................................................................................................................3 MAIN BODY...................................................................................................................................3 Project plan.............................................................................................................................3 Project scope...........................................................................................................................5 Project risk..............................................................................................................................6 Project success........................................................................................................................7 References........................................................................................................................................8
Introduction: Project plan refers to the set of documents which consists complete information about the project like timeline, deliverables, risk management and many more(Fewings, and Henjewele 2019). Project scope defines all such work which need to do in order to achieve a project objective. Project risk is defining as an uncertain event which may or may not be happen while doing the project. Project success is defined as a level of excellence the project achieved to reach its project objectives(Winch, and Cha 2020). This report will look at Astra PLC which deals with vitamin, minerals, nutritional supplements and many more. The organisation wants to release its digital application in order to provide its service worldwide. This digital plan will keep people aware about benefits of healthy lifestyle and will also measure the fitness level of people. MAIN BODY Project plan Project plan reflects towards planned activities being initiated by management firm at Astra PLC for completion of required goals and objectives of the business firm. The plan in the given project of application development lists all the possible project activities which a project manager is going to take considerations. Below the Gantt chart that displays the tasks to be performed for development of application;
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Project scope Project scope for the given project refers to features or functions of a product or service which is being deliverable for a project firm. For the given project, its scope will be defined on the basis of launch cost, in-app purchase and social media integration. Launch cost: The launch cost for the given application development will reflect on effective use of resources in the process of development of application. In-apppurchase:Projectmanagershaveprovidedthefacilitytomakepurchaseby individual customer throughout the application. This will open up the scope for the given project
and will define effective working of the application and will also ensure long term existence of the project. Social Media integration: Under this project manager to make a wide scope of the project have worked on advertise the application on various social media sites. This will enable effective working on the project through influence of enough marketing techniques on demand for the given application (Mezhov and Mylnikov, 2018). Project risk Project risk can be defining as either positive or negative outcome which can happen regarding a project.There could be several risk associated with launching a new app: Not as per target user requirement-Sometimes it is happening that target audience does not like the new application launched by company. May be the user don't like the interface of new application or may be the company did not make proper market research before launching product as per requirement of customer. Hence this would be consider as risk that targeted audience does not like the application(Zwikael, Chih, and Meredith 2018). Adding too many features in one single application-Sometimes companies in order to make their application popular add to many features into one single product which sometimes make application very difficult to use by end user. Moreover, device of end users sometimes don't support the application which make device very slow in terms of working. Hence, this would be considering as another risk while launching a product. Don't update your application time to time basis-Sometimes company's think that making an application and sell them in market makes this process end here. NO, companies have to make time to time changes and make give an update in their application. Companies have to make time to time changes in their product in order to keep product innovative and engage customer to use an application for longer duration of time. Risk of hacking data-Sometimes after using companies’ application user data got hacked, which passes users crucial information to hacker database by which later hacker blackmail customer to dupe them. Hence, companies have to make proper security code in their application to protect customer data.
Project success Project success is defining as a level of efficiency the project reach at its final stage. In other words, the project which completed at lower cost than expected that is considered as project success. The success of project can be measured upon different parameters are (Anantatmula and Rad, 2018): Retention rate-This is defined as retention or sickness does customer have towards companies’ application. In simple words, this defines as how much time a customer spends in a day to use companies’ application. According to some reports, if a customer spends 30 mins daily on an application that application is considered successful in market. Average revenue per user(ARPU)-This is defined as how much a company earning when one customer is using companies’ application. According to some reports, if a company revenue is exceeding 30% of its cost incur while developing anapplicationthenthatapplicationissuccessfulotherwisethatproductis considered failure in market. Daily active user(DAU)-This is defined as how much daily user does an application of company have. In order to be successful, it is necessary that daily average user of application cross 10 million in order to make that application successful in market otherwise that application will considered fail. Session length-Session length is defining as how much time a particular customer spends on your application. Longer the time make an application more successful.
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References Books and journals Fewings, P. and Henjewele, C., 2019.Construction project management: an integrated approach. Routledge. Winch,G.M.andCha,J.,2020.Ownerchallengesonmajorprojects:ThecaseofUK government.International Journal of Project Management,38(3), pp.177-187. Zwikael, O., Chih, Y.Y. and Meredith, J.R., 2018. Project benefit management: Setting effective target benefits.International Journal of Project Management,36(4), pp.650-658. Anantatmula, V.S. and Rad, P.F., 2018. Role of organizational project management maturity factors on project success.Engineering Management Journal,30(3), pp.165-178. Mezhov, S. and Mylnikov, L., 2018, September. Specifics of Project Management in Industrial Innovation. InTitel: Proceedings of the 6th International Conference on Applied Innovations in IT. Bibliothek, Hochschule Anhalt.