Launching of Personal Care Products in Farmers Trading Company, New Zealand
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This presentation focuses on the launch of personal care products in Farmers Trading Company, New Zealand. It covers various aspects such as venue selection, social media activity, and marketing plan development. The project milestones and deliverables are also outlined.
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Launching of personal care products in Farmers Trading Company, New Zealand Name of the student Author’s Note
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Introduction •The paper mainly reflects on theLaunch of personal care products in Farmers Trading Company, New Zealand. •The farmers trading company ltd is one of the department shore chain in New Zealand. •The company mainly specializes in family fashion, beauty, hardware, furniture and more. •The new product launch is arranged in order to attract more number of customers
In-scope In-scope of the project include: •Launching of the product •Selecting venue for launching the product •Utilization of social media activity •Development of marketing plan •Completion of project within expected budget and time
Out-scope Out-scope of the project are listed below: •Information regarding the suppliers are not given •Details about the theme is not provided
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Project milestone MilestoneCompletion date Milestone 1: Completion of initiation phaseTue 12-02-19 Milestone 2: Completion of planning phaseThu 28-03-19 Milestone 3: Completion of execution phaseMon 21-01-19 Milestone 4: Completion of closure phaseWed 24-04-19
Project deliverables The deliverables of the project are listed below: •Key audience identification •Product development •Marketing plan development •Venue selection •Launching of the project
Work breakdown structure Launching of personal care products in Farmers Trading Company, New Zealand Initiation phase Business case developmeny Cost benefit analysis Checking market conditions Development of charter Team members recruitment Milestone 1: Completion of initiation phase Planning phase Project plan Resource plan Finacial plan Quality analysis Risk management plan Acceptance plan Communication plan Procurement plan Milestone 2: Completion of planning phase Execution phase Key audience identification Development of product Marketing plan development Result measurement Selection venue Selection of theme Selection of event timing Social media activity Planning for project follow up Product launching Milestone 3: Completion of execution phase Project closure phase Post-project review Stakeholders sign off Project documentation Milestone 4: Completion of closure phase
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Conclusion •It can be concluded that the personal care products will be launched successfully within 68 days within budget of around $45,600 •Due to the launch of the products, the yearly revenue of the organization increases. •It is quite necessary to use proper principles of project management for handling the new product launch successfully
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References •Kerzner, H. (2017).Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley & Sons. •Joslin, R., & Müller, R. (2015). Relationships between a project management methodology and project success in different project governance contexts.International Journal of Project Management,33(6), 1377-1392. •Svejvig, P., & Andersen, P. (2015). Rethinking project management: A structured literature review with a critical look at the brave new world.International Journal of Project Management,33(2), 278-290. •Špundak, M. (2014). Mixed agile/traditional project management methodology–reality or illusion?.Procedia-Social and Behavioral Sciences,119, 939-948.