The New Product Process in Samsung | Report

Added on - 28 May 2020

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Running head: PROJECT STATUS REPORTProject Status ReportName of the studentName of the universityAuthor note
1PROJECT STATUS REPORTExecutive SummaryThis report has developed a project status report for identifying the completed task andremaining task in the new product process in Samsung. The report will be presented to the boardof management so that they can understand the progress of the project and the shortcomingsfaced while faced in executing the project. The report has also included overall budget, overallocation of resources and slack time. The report had concluded by providing the necessaryaction that has to be taken for improving the efficiency of the overall procedure.It has beenconcluded from the study that the status report suggest that 17% of the overall project has beencompleted. The project status has provided insights on allocation of resources, budget, overallcost and remaining cost of the project. The report has shown that there has been over allocationof resources in some of the cases in both critical and non-critical task. However, nothing couldbe done about the deliverables and milestones that have been completed. Thus, the risk factorswould be mitigated by effective use of project status report.
2PROJECT STATUS REPORTTable of ContentsIntroduction......................................................................................................................................3Background of Samsung..................................................................................................................3Project scope....................................................................................................................................4Project objectives.........................................................................................................................4Project deliverables and milestones.............................................................................................4Project progress and performance...................................................................................................9Issues..............................................................................................................................................15Budget Status.................................................................................................................................16Risk review....................................................................................................................................18Project and personal reflection......................................................................................................18Conclusion.....................................................................................................................................19References and Bibliography.........................................................................................................20
3PROJECT STATUS REPORTProject Name:New product development process in SamsungProject End Date:26/2/2019IntroductionThis study will develop a project status report for identifying the completed task andremaining task in the new product process in Samsung. The report will be presented to the boardof management so that they can understand the progress of the project and the shortcomingsfaced while faced while executing the project. The report will also include overall budget, overallocation of resources and slack time. The report will conclude by providing the necessaryaction that has to be taken for improving the efficiency of the overall procedure.Background of SamsungSamsung is one of the largest conglomerates in technology and consist of variety oftechnological products in the market. The organization has its headquarters in Seoul and most oftheir products are under the brand name of Samsung. The organization had diversified theirproduct line, and offers variety of products to the target market worldwide. The notableindustries of the organization are Samsung electronics, Samsung Heavy industries, SamsungC&T and Samsung Engineering (Samsung Electronics America, 2018). Samsung has started toemerge in the global market in the late 90s and have been to increase their consumer base in allover the world. They have provided competition to Apple who is the market leader in thissegment by providing similar products with better configurations at cheaper prices. However,they have been fined for damaging six of the patents of Apple but they have been able to makesteady progress by collaborating with Microsoft
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