Project management for a vacuum cleaner company

Running head: PROJECT MANAGEMENT
PROJECT MANAGEMENT
Name of the Student
Name of the University
Author Note

1PROJECT MANAGEMENT
Introduction:
The report deals with the Woolong Company that develops high-end vacuum
cleaners and it needs to develop and release their latest product. An initial meeting of project
initiation will result in recognizing the sponsor of the project, choosing the project manager
and developing the charter of the project. The report focuses on developing a report in order
to help the manager during the meeting that will take place.
Project Stakeholders
The stakeholders of this project include the team of project, sponsors of the project,
production manager, finance manager, users and the customers (Derakhshan, Turner &
Mancini, 2019). The stakeholders are the people that have invested in the project and they
will be affected by the project at any point of time.
Project Sponsor
The sponsor of the project is a person that or a group that offers support and assets for
the project for the success of the project (Isenbeck & Friedman, 2016). The sponsor for this
project is are the owner of the company that have invested in order to produce the products
for the company.
Skills and Experience of Project Manager
The qualities those are important for the project manager include various skills and
experiences. Th skills of the project manager include communication during every phase of
the project. Skills of leadership are required in all the stages of the project management.
Management skills are one of the important skills that a project management should possess
(Alvarenga et al.,2019) . The project managers will negotiate with the clients on proper
schedule and scope of the project. Problem solving skills is required during the

2PROJECT MANAGEMENT
implementation phase of the project where most of the problem arises. The budgeting skills
are required during the planning phase when the budget for the project is done.
Roles of Stakeholders
The roles of the stakeholders include the project manager should have the role of
decision-making; the finance manager has the role of budgeting. The role of the production
manager is to see if the production of the products is going well (Ormazabal, 2018). The
sponsors have the role of providing money for the project and the project team have the role
of monitoring the project and then communicating it to the project manager.
Modes of Communication
The stakeholders should be communicated during the project so that they get to know
about the progress of the project (Butt, Naaranoja & Savolainen, 2016). The modes of
communication include reporting, purposeful communication and frequent meetings.
Information Shared
The information that is shared among the stakeholders include the details about the
what is prompted in the project, how it assists the company and the intended results that helps
the stakeholders to understand better about the importance of the project (He, Devine &
Zhuang, 2018).
Mechanism Used to Communicate
The mechanisms that are used in order to communicate with the stakeholders include
meeting mechanisms, audio-video interaction mechanisms, online mechanisms, mailing
mechanism, activities of training, voting mechanisms and negotiations. Under the individual
mechanisms, it includes meetings, surveys (Jiang et al.,2019). Under the audio video
mechanism, it consists of teleconferencing and electronic meetings. Under the online
mechanisms, it consists of electronic mechanism and many more. These are used in order to