Lectocomp Electronics Manufacturing Company Name of the University Author Name

LECTOCOMP ELECTRONICS MANUFACTURING COMPANY LECTOCOMP ELECTRONICS MANUFACTURING COMPANY 2 2 LECTOCOMP ELECTRONICS MANUFACTURING COMPANY Lectocomp Electronics Manufacturing Company Name of the Student Manager Name of the University Author Note Project charter 2 Project Goals 2 Deliverables 2 Scope Definition 2 Project Manager Milestones 3 Assumptions 3 Identification of the key constraints of this project 3 Dependencies of the project 4 Authorization 4 Risk Management 0 Bibliography 0 Project charter The

LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
Lectocomp Electronics Manufacturing Company
Name of the Student
Name of the University
Author Note

1LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
Table of Contents
Project charter............................................................................................................................2
Project Goals..........................................................................................................................2
Deliverables............................................................................................................................2
Scope Definition.....................................................................................................................2
Project Milestones..................................................................................................................3
Assumptions...........................................................................................................................3
Identification of the key constraints of this project....................................................................3
Dependencies of the project...................................................................................................4
Authorization..........................................................................................................................4
Risk Management.......................................................................................................................0
Bibliography...............................................................................................................................0

2LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
Project charter
The deliverables and scope of this project along with the time required in each phase
of the project can be understood using this project charter. The dependencies and the key
constraints of the project can also be understood using this project charter plan.
Project Goals
The foremost goal of this project is the introduction of a new product by Lectocomp
Electronic Manufacturing Company as this project can help them to enhance their existing
business area and open new opportunities.
Deliverables
The prime deliverable of this project is to identify the procedures which are required
in this projects in terms of the allocation of each of the resources. The new product must be
helping this organization to grow in this competitive market. Competency of the stakeholders
shall be tested in this project as well.
Scope Definition
This project will be done in four phases and each of the phase has to be managed in an
organized manner as well. The four phases of this project are documentation, planning phase,
design phase, enactment phase and completion phase. Activities of each of the phase are
described in the following table.

3LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
Project Milestones
Activities of this project Start date End date
Documentation 15.08.2019 30. 09.2019
Planning 01.10.2019 30.12.2019
Design phase 01.01.2020 15.02.2020
Enactment phase 25.02.2020 10.09.2020
Completion phase 14.09.2020 15.09.2020
Table 1: Start and finish date of each phase of the project
(Created by the author)
Assumptions
There are diverse categories of assumptions which has to be deployed in this product
launching project in terms of the time scheduling of the project as the activities may take less
than the calculated time. Understanding expectation of the consumers of the new market is
the other assumptions of this project. Scheduling of each of the activities is the other
assumption of this project.
Identification of the key constraints of this project
The diverse categories of constraints associated with this project which are listed as
follows:
 Scope: Volatility of the market condition is the main reason behind this constraints of
this project.
 Scheduling: Each phase of this project may take more time than expected.

4LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
 Budget: Financial management is one of the significant constraint of this project as
the process of the resources who will be deployed in this project will keep on
changing.
Dependencies of the project
The dependencies of this project are listed as followings:
 External dependencies: Relationship between each of the external stakeholders like
shipment team and provider of raw materials.
 Internal dependencies: Communication between each of the project stakeholder
must be significant in order to maintain the completion rate of each phases of this
project.
Authorization
Each department of this organization must be approving the activities which will be
allocated to them in each phase of this project. Authorization was very much significant
regarding the maintenance of government regulations in this project. Project manager must be
authorizing each of the project activities. Project management and leadership capability of the
new recruited CEO of this organization is one of the prime success factors of this project.

LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
Risk Management
Creation of a project charter for Lectocomp Electronics Manufacturing Company
Project
risks
Risk owner Cause of the
risk
Risk impact Risk score Schedule of this
risk
Risk Mitigation
strategy
(0-5)
Demand
Risk
Suppliers of this
project
Inefficient
sales and
marketing
strategy
Medium 3 This risks can
occur towards
the end of this
project
External sales
team and social
media strategy can
be useful to
address this risk
Operatio
nal Risk
Producers of this
new product
Delay in
production
phase
High 3 This risk might
occur during the
implementation
of the product
Scheduling each
of the activities of
this project right
from the
documentation to
the closure phase.
Price
Risk
Issues with
pricing of the
new product
Volatile
market
conditions
Medium 2 This risk can
have a huge
impact on the
successful
completion of
this project.
Understanding
capabilities of the
rivals and
competitors cab
be useful to
address this issue.
Custome
r
experien
ce
Project manager Poor usability
of the product
High 4 This risk might
occur after the
end of the
completion
Exclusive product
testing procedures

1LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
phase of the
project.
Quality
risk
Risks in terms of
the functional
and non-
functional
requirements
Lack of quality
assurance tools
Medium 4 This risk
usually occurs
when quality of
the product is
compromised
Deployment of
quality assurance
tools
Brand
risk
Project manager Experience of
the consumers
gets affected
due to this
risk.
Low 1 The mid stages
of this project is
very much
vulnerable to
this risk
Creation of huge
brand value can
be useful to
address this risk.
Inventor
y risk
Subcontractors
of the project
Lack of
inventory
measures
Medium 2 Both the design
phase and the
building phase
is vulnerable to
this risk
Deployment of
advanced
inventory tools
can solve this
inventory risk
Reputati
onal risk
Failed product
and irrelevalent
publicity
Lack of
leadership
skills
Medium 3 Each phase of
this project is
vulnerable to
this risk
Hiring
professional and
experienced
project manager
Complia
nce and
regulatio
ns
Project manager Violation of
regulations and
laws
High 4 Each phase of
this project is
associated with
this risk
Understanding the
regulations can be
useful to address
these regulatory
issues
Product
Liability
Project manager Quality of
resources used
in this project
Low 3 This risks is
very much
common after
the completion
Quality assurance
tools and
maintaining
engineering

2LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
of the building
phase.
standards can be
very much useful
to address this risk
Project
delay
Inefficient
stakeholders
Environmental
reasons like
floods and
cyclones
Medium 2 This risk
usually occurs
in the
enactment
phase of this
project
Project scheduling
tools like Gnaat
chart
Scheduli
ng risk
Project manager Unprofessional
service
providers
High 2 Design and
building phase
of this project is
vulnerable to
this particular
risk.
Project scheduling
techniques like
critical path
method can be
useful to address
this risk
Unavail
ability
of
human
resource
s
Project manager Volatile
market
conditions
Low 4 Before the
documentation
phase this risk
has to be
addressed
Selection of
resources based
on experience.
Unpredi
ctability
Operational
manager
Lack of
engagement of
the
stakeholders
Medium 1 Building and
the promotion
phase of this
project is
vulnerable to
this particular
project.
evaluation of the
production of each
of the
stakeholders
involved in this
project
Product
portfolio
Operational
manager
No return on
investment are
Low 3 Building and
the
Asset
management

3LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
risk the other risk
of this project
implementation
phase are very
much
vulnerable to
this risk
procedure can be
useful to address
this risk
Supply
chain
risk
Supply chain
manager
Volatile
market
conditions
Medium 3 This business
risk and it is
applicable in
each phase of
this project
Incorporation of
tools like SWOT
and PESTEL.
Figure 2: Categories of risks
(Source: Created by the author)

LECTOCOMP ELECTRONICS MANUFACTURING COMPANY
Bibliography
Brioso, X. (2015). Integrating ISO 21500 guidance on project management, lean
construction and PMBOK. Procedia Engineering, 123, 76-84.
Deng, Y., Poon, S. W., & Chan, E. H. W. (2016). Planning mega-event built
legacies–A case of Expo 2010. Habitat international, 53, 163-177.
Hoda, R., & Murugesan, L. K. (2016). Multi-level agile project management
challenges: A self-organizing team perspective. Journal of Systems and
Software, 117, 245-257.
Varajão, J., Colomo-Palacios, R., & Silva, H. (2017). ISO 21500: 2012 and
PMBoK 5 processes in information systems project management.
Computer Standards & Interfaces, 50, 216-222.