Project Report: Launching Fitness and Health App by Astra Plc
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Added on 2023/06/10
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This report discusses the project plan, scope, risk, and success of launching a new fitness and health app by Astra Plc. The target customers, app features, and potential risks are also analyzed.
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Contents PART 1: COVERED IN APPENDIX.............................................................................................1 PART 2............................................................................................................................................1 INTRODUCTION...........................................................................................................................1 Project Plan......................................................................................................................................1 Project Scope...................................................................................................................................2 Potential Risk and Mitigating plan..................................................................................................3 Project Success.................................................................................................................................4 CONCLUSION................................................................................................................................4 References:.......................................................................................................................................4 APPENDIX......................................................................................................................................5
PART 1: COVERED IN APPENDIX PART 2 INTRODUCTION A project plan is defined as the document which is being developed in order to guiding the control along with executing the project. It is found as necessary to plan the project because it act as the key successful factor of any project. The project for this report is the launch of a new fitness and health app by the Astra Plc. This report deals with the project plan, scope, risk and success of the project. Project Plan The project plan of the launch of a new fitness and health app involve several factors which are being discussed under:Aim of project:The aim of the respective project isdiversifying the portfolio of Astra Plc as the company is dealing with the food supplements as it leads to the increase in revenue generation along with brand equity.Project Title:“Launching Fitness and Health App” is the title of the respective project.Target Customers:The group of target customers include youngsters, athletes, social media influencers along with the other sports professionals as they are found as more fitness freak.Implementation of in app analytics:The fitness and health app involve several analytical features which include track caloric intake tool, sharing feature of fitness, calorie calculator, virtual trainer, result tracking and many others.Time Frame:3 months Gantt Chart:It refers to the essential tool of project management which shows the description of project plan. This chart is classified into two parts i.e. left and right. The left side include the list of tasks. On the other hand, the right side include the timelines and schedule bars in order to visualize the project. 1
Project Scope It is found as the way under which the limits are being set which clearly define the goals, deadlines and deliverables related to the project. The main objective of launching the health and fitness app of Astra Plc is bringing the improvement in the brand equity along with the diversification in the portfolio of organisation. This app is providing the various convenient in the app analytics to their users. Additional feature of the respective application is to share the health programme on the several social media platforms. It influence the other people to download the app and use it for the purpose of attaining their fitness goals. It result in the increase in revenue and brand awareness as well. 2
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Designoftheapp:TheFitnessandHealthappisdevelopedaccordingtothe personalization of the several users such as height, weight, age, gender and many more.Launch Cost:It has been analysed that the launch cost of this pp in different country is different butan average cost of launching this app has been determined i.e. 60000 to 80000 US dollars.Social media Integration:The fitness and health app include the feature of sharing the health and diet related programmes over the social media account of users. In addition this, the social media influencers are the target customers of Astra Plc which will play an important role in influencing the people to use the respective app through social media platform.In app Purchase:The Fitness and Health app include some extra features as well which a user can access through doing some extra payment of that respective features. Some of these features include tips of daily routine exercise, diet chart, personal support, plans related to training and many more.App customization:In order to fulfil the additional needs of user, this app is also involving the customization features which include app theme, screen icobs and many others.Testing of app:It is the another element of scope under which the app will be tested because it is presented in front of the general public. The compatibility test has been conducted by the project management team of Astra Plc. It help the management in reducing the issues related to the compatibility, load testing, functional testing and many more. Launching of app :All these components of project help in analysing the competition and after passing these stages, the app is ready to be launched through the page of mobile app landing. Potential Risk and Mitigating plan Step 1: Identify Potential Risks the Anstra Plc can face the several risks while working on the project of launching a new fitness and health app which include cost overrunning, risk of apps of competitors, delay in designing the app, compatibility issues which is related to the outdated app. Step 2: Evaluation of Risks 3
the risk of cost overrunning along with the risk of competition are analysed as high for the Astra Plc. Whereas the risk of taking high time in designing the app is less because the project management team is working with high support and establishment of specified timelines as well. Step 3: Risk management method to mitigate the risk Through the adoption f cost analysis at the initial stage, the company can avoid the risk of cost. The management is also require to analyse the strategies and features of competitive apps of workout in order to mitigate the overall risk of the project. Project Success The success of the launching of fitness and health app can be evaluated if the project is being completed under the budget and decided time duration. Some of elements are also analysed in order to measuring the success which include delivery of project on time, completion of the project on time, satisfied stakeholders and many more. The review of customers related to the application of health and fitness also plays an important role in analysing the success of project. CONCLUSION From the above report, it has been concluded that the Astra Plc is planning to launch a new app of fitness and health in order to diversify the portfolio of the organisation. Project plan is being prepared in order to complete the project in an effective and efficient manner. The risk management plan is also presented in order to mitigate the risks such as overrunning of costs and designing. References: Books and Journals Heo, B.Y. and Heo, W.H., 2022. Integrated approach analysis of the effectiveness of disaster prevention projects.International Journal of Disaster Risk Reduction,69, p.102732. Muntwyler, A., Braunschweig, A. and Rosa, F., 2022. Collaboration within and beyond the LCA community: success stories, obstacles, and solutions—79th LCA Discussion Forum on Life Cycle Assessment, 18 November 2021.The International Journal of Life Cycle Assessment, pp.1-4. Varma, S., 2022. Implementing Atma Nirbhar Bharat: A Project Management Approach. InTransitioning From Globalized to Localized and Self-Reliant Economies(pp. 190- 207). IGI Global. Yang, G., and et. al., 2022. Research on Value Creation of Engineering Project from the Perspective of Knowledge Creation Fusion—Based on Stakeholder Theory.Journal of the Knowledge Economy, pp.1-19. 4
APPENDIX 5
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INTRODUCTION Project management is defined as the procedure of using the particular skills, knowledge, tools and techniques in order to prepare something which value to the people. Some examples of project include development of any software, construction of building, expansion of sales and many more. The chosen organisation for this report is Astra Plc which is a small business organisation having specialization in supplying the mineral and vitamin based food supplements. The management of respective business organisation is planning to bringing diversification in their portfolio along with improving the brand equity through introducing a new project of launching a health and fitness app in the time duration of next 3 months. The fitness and health app help the users in setting their health targets and improving their lifestyle. The contribution of all the team members of organisation make this project easier and effective. Project Information Astra Plc is planning a project under which they are planning to launch a new health and fitness application. This project help the organisation in diversifying their portfolio as the organisation is only dealing with the vitamin and mineral based food supplements. The title of the respective project is “Health and Fitness App”. This project is targeting a specific group of people in order 8
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to achieving the success. 3 months is the decided time duration which have been decided by the management for the development of this project. What the App Does The new launched fitness and health app provide several services in to their users. Through the use of this app, the users can set the targets of their fitness through and they can adopt the healthy life style. This app also work as the reminder for their users in order to achieve the fitness goals and targets through adding some extra services which include calorie calculator and tracking caloric intake. It also involve a virtual; trainer which provide instructions to the users related to their workout planning. This additional facility of app result in differentiating the app from other fitness app. The users of this app can also link their social media account from their fitness app. Through the use of this feature, the users can share their fitness programme and their fitness goals on the social media. This feature of app result in establishing the higher brand awareness in the market. Why the company is launching this app The main purpose of launching health and fitness app is the diversifying the portfolio of organisation. It help the business organisation in generating higher revenue as the app also include several in purchase services. Along with this, the management is also focusing on delivering the knowledge and importance related to the health and fitness of people of society. Company is just trying to keep their users healthy by providing instructions related to the healthy diet plan and fitness target as well. The respective business organisation is adding several new and advance features in there app which result in gaining the higher profitability along with gaining the higher competitive advantage. Target Customers The youngsters and social media influencers are the main target customers of the organisation. Some other target customers of Astra Plc include athletes, social media influencer, youngsters and other sports professionals as it has been analysed that these people are higher concern about their health. CONCLUSION From the above presentation, it has been concluded that the Astra Plc is planning to launch a new health and fitness app with some additional features. The introduction of this app result in the diversifying the portfolio of organisation. 9
References: Books and Journals Pill, S. and Henderson, P., 2022. Physical Education Physical Literacy (PEPL) South Australia Project Evaluation Report. Takeuchi, H. and Ruegg, R., 2022. Towards abetter understanding of an academic success center in an EMI context.Mentoring & Tutoring: Partnership in Learning,30(1), pp.6-23. Zhang, C. and Yang, L., 2022. Risk-profit analysis of regional energy service providers by regularized primal-dual interior point method.International Journal of Electrical 10