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Project on Hydraulink Australia Pty Ltd

   

Added on  2020-04-21

10 Pages3470 Words56 Views
Assessment task 1: Establish the projectProject CharterProject BackgroundHydraulink is one of the greatest multinational brands that provide hydraulic fittings and hose solutions through many countries. Competition is the biggest challenge for current industries and this project charter will be helpful in maintain the leading position for it in the market.Project Purpose and JustificationThis project aims at becoming the leading industry among its competitors for supplying Hydraulic hose and fitting supplies. High Level Project Scope Statement - Project Objectives and Success CriteriaSpecific: The company will be able to sustain its position as a leader in the market.Measurable: Company’s revenue will be increased from $2.4 million to $3 million. Achievable: Practice innovative way to put the customers at the centre Realistic: Expand the targeted customers through increasing the supply across twomore countries.Time: One year is the expected time for the company. High Level Project Scope and RequirementsIn scopeOut of scopeIn ScopeEnhancement in the company’s revenueMaintain the leading positionExpanding products and service delivery across two more countries Out of ScopeExpand the product and service delivery across the whole worldEnhancement in the communication services with the consumersAssumptionsThe main assumptions All resources are availableLabour cost is within the budgetImportant stakeholders participate in all the meetingsReliability of vendorsProject InformationThe Project is about Hydraulink Australia Pty Ltd. Their goal is to become the leading industry in their respected field in Australia and New Zealand. To achieve this goal, the company has to market their products more to bring in new customers from in land and overseas. The short-term goalfor the company is to reach $3 million a month in sales (currently making $2.4 million) and long-term goal is to become the leading Hydraulic hose and fitting supplier in Australia and New Zealand.More Information about Hydraulink Australia in on their website.

are:ConstraintsThe main constraints are:Business constraints: Availability of employees 24x7 for mobile communicationwith the consumersBudget will go on as per the budget planningResources will be available at same price even in rainy season.Technical constraint: Hydraulink will be able to provide services and product asper the estimation.Limited employees will be available for communicating with the consumers. Project Methodology and ApproachThe phases are: PERT (Programme Evaluation and Review Technique) methodology can be implemented for enhancing the performance of the project. Activities involved in the project are:The activities involved in this project will be drawn up in a sequential relationship in manner to highlight the objectives.The scheduled timing for the activities will be noted and estimated on the network.Critical project objectives will be determinedProject probability and duration of the project completion will be calculated.Project StructureProject Stakeholders and AuthorityThe major stakeholders and their authority level on this project are shown belowNameTitleAuthority LevelSponsorsApproval on the budgetplanning and estimationsHigh

Managing DirectorEvaluate the work’s qualityHighCEOProject Plan approvalHighOrganization OwnerPlan approvalHighEmployees/staffsMeetings and organizationobjectivesLowHR and administrationteamHRM support andadministrative approachesMediumProject high level risksRating scales and categoriesThe risk categories are: Financial: Budget might not be able to meet the requirements ofthe project. Contingency plan estimate increases due to certainunforeseen event that was necessary for the project.Marketing and Sales: A new competitor arrives in the market withsame products and services with cheap price. Resourcing: Resources might not meet the requirement oremployees or staffs might not be available all the time.Technical: Data management system gets destroyed due to certainfactors. Legal: Money paid to the suppliers and items not received. High level risk registerBelow are the top 5 risks:RiskNo.CategoryRisk DescriptionLikelihoodImpact1Scope CreepNegative152Project team availabilityNegative243Availability of resourcesNegative144Budget riskNegative255Schedule riskNegative456Resistance to changeNegative337Technology riskNegative348Project dependencies on pre-eventsPositive239StakeholdersNegative1510Legal RiskNegative1311Natural DisasterNegative2512Data LossNegative24Summary SchedulePhase or MilestonePreferredcompletion dateStatusDelivering draft of the project planJanuary 2018CompletedBudget estimationJanuary 2018CompletedServices and policies for the staffs including their impactsJanuary 2018CompletedApproval for the project charterJanuary 2018Completed

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