Project Development for Strategic Management TASK 5.2

This presentation covers the project development for strategic management task 5.2. It includes factors that contribute to the process of project selection, project specification, costing all resources required for implementing a project, planning an appropriate strategy for the implementation of a project, measures to monitor and evaluate progress and outcomes, outcomes of the project, recommendations and references.

Project Development for
Strategic Management
TASK 5.2

INTRODUCTION
Introduction:
 Project management is a complex set of components which have be
completed in systematic way to create a product or service.
 Project management is important because of several reasons such as
managing risk, quality, integration of different activities, managing changes,
resolving the conflicts etc.
 Name of this product is Premium Allure Soap and it is a new product of
Proctor and Gamble (P&G).
 The objectives that will cover under the present study are project
specification, plan for launching of new product, implementation of action
plan and evaluation of outcomes.

Factors that contribute to the process of project
selection
 There are different factors have considered during selection of
launching of Allure Soap of P&G.
 The intention of a company behind launching of this product in UK is
expanding the business and taking competitive advantages (Larson
and Gray, 2011).
 In this context, the elements of project selection are as follows.
Political factor
Marketing factor
Economic factors
Technology factor

Project Specification
Specifications Explanation
Project Objective To change the perception of customers regarding beauty soap and expand the business in
different areas of UK.
Cost £45, 000
Time scale 4 months
Required resources Human resources: Sales assistant, In store launch manager, logistic manager and
Marketing manager
Financial resources: Credit from market, retain earning and bank loan
Technology resources: Different digital and traditional marketing tools.

Timescale for the project plan
Table 1: Gantt chart
Gantt chart for Allure Soap launch project
Activities / Duration in months First Second Third Fourth
Initial planning
Pre- launch strategy
Launch
Post- launch

Resources required for this project
Human resources Technological resources Time
management
Financial
resources
Other resources
 Sales assistant
 In-store launch
manager
 Advertiser
 Media manager
 Regional gate
keepers for allure
soap
 Logistic manager
 Marketing manager
 Project manager
 Computer system
 Scanner and printer
 Internet
 Backup facilities
and other
machinery
 4 months  Bank loan
 Retained
earnings
 Sales of
unnecessary
assets of
past projects
 Marketing
materials
 Distribution
channels
 Transportation

Costing all resources required for implementing
a project
Human Resources Costing of salary for 4 moths
Sales assistant £ 2000
In-store launch manager £ 2000
Advertiser £ 1000
Media manager £ 1000
Regional gate keepers for allure soap £ 1000
Logistic manager £ 5000
Marketing manager £ 8000
Project manager £ 10000
Total cost £ 30000

Cont….
Technological resources Cost
Computer system £ 5000
Scanner and printer £ 2000
Internet £ 2000
Backup facilities and other machinery £ 1000
Total cost £ 10000

Cont….
Other resources Cost
Marketing materials £ 2000
Distribution channels £ 2000
Transportation £ 1000
Total cost £ 5000

Planning an appropriate strategy for the
implementation of a project

Implementation of the project plan:
 Gantt chart
 Network diagram
 Critical path analysis

Gantt chart:

PERT (Network Diagram):

Critical path analysis
Critical path Total duration for completing the project
3-4-5-7-8-9-10-12-15-
16-18-19-20-21
80 days

Measures to monitor and
evaluate progress and outcomes
 Cost performance indicators:
• Total cost of this project is one of the major measures for
analyzing progress and outcomes of this project.
• Using this indicator manager can compare the estimated
and actual cost of this project (Turner, 2006).
• If cost variance is positive than it will show the success of
this project and if cost variance is negative than it will show
the failure of the project.

Cont….
 Project duration:
• Project completion duration is also one of the major
indicator.
• Total available time for Nexus ltd is 4 months.
• So, as per this available duration project manager
can measure the performance of the strategic
implementation (Dym, Little Orwin and Spjut, 2004).

3.3 Monitoring implementation of allure soap
launch project
There are number of tool by which project manager can monitor the total
performance of the project these tools are as follows:
 Gantt chart:
 It has reflected that Nexus ltd has successfully implemented allure soap
project in effective manner.
 It has reflected that total available time for this project was 4 months and
Nexus ltd has completed this project in complete 4 moths (Rand, 2000).
 It has indicated that management consultancy has completed this project in
effective manner.

Cont….
Work breakdown structure:
 it is also one of the best method for managing
the strategic implementation and monitoring
performance of each and every activity of this
project.
It has helped in breaking each and every activity
in effective manner (Akintoye, 2000).

Conti…

Outcomes of the project
Factors Planned
performance
Actual
performance
Variance
Time 80 days 80 days No variance
Cost £45,000.00 £30,000.00 Positive

Cont…..
 After the application of this tool for a given project plan, it has
been determined that estimated time of completion of launching
plan has 80 days (Winch, 2001).
 But after comparison, it has been found that it has finished
within 80 days.
 On the other hand, by comparing and analysing the results of
plan, the proposed project has finished as per the agreed plan
and procedures.

Con…
 The customer's reviews shows that they are satisfying with the
new Allure Soap of P&G and it has change their perception
towards beauty.
 So, the launching of beauty soap has meet the objectives of
plan and completed according with the given constrains.

Conclusion
 The proposed project has related to launching of new beauty product
with the name of Allure Soap of P&S.
 Different types of resources such as human, technology and financial
resources has used to complete the work in right manner.
 The estimated duration of launching of Allure Soap has 4 months i.e. 80
days and actual it has finished in 80 days.
 PERT and Gantt chart has used to compare and evaluate the outcomes
of proposed project.
 Therefore, the whole project plan has under controlled and completed
within the given constraints.

Recommendations
 Following activity based costing for allocation of budget for all
activities.
 Doing a proper market research for collecting the information about
customer perceptions (White and Fortune, 2002)
 Hire skilled employees who are having the good experience of different
launching products.
 Clearly mentioned start and finish duration for each and every activity
so that work can be complete within given time constrains.

References
 Greasley, A., 2007. Operations Management. SAGE.
 Hobbs, P., 2009. Project Management. Dorling Kindersley Limited.
 Kathy, O. R. and Deborah, R. P., 2007. Integrating self‐managed work
teams into project management. Journal of Facilities Management. 5(1).
Pp.22 - 36.
 Kloppenborg, T., 2011. Contemporary Project Management. 2nd ed.
Cengage Learning
 Knapp, A. and et.al., 2010. A Project Manager's Guide to Passing the
Project Management (Pmp) Exam. www.pmexam.com.

Thank You