Project Management Plan for Developing a Racing Car for Volkswagen

Running head: PROJECT MANAGEMENT
Project management
Name of the student
Name of the university
Author note

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Executive Summary
The report had developed the project management plan for developing a new racing for
the Volkswagen. Volkswagen has been one of the global leaders in the automobile industry and
the project had proposed a schedule, budget and resources of the project. The report had also
identified the risk factors and the probable way of mitigating risk. Effective use of the risk
mitigation would result in success of the study.

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Table of Contents
Part A...............................................................................................................................................3
Project purpose............................................................................................................................3
Project scope................................................................................................................................3
Project objective..........................................................................................................................3
Project Constraints.......................................................................................................................3
Project Deliverables.....................................................................................................................4
Project Milestone.........................................................................................................................4
Project Schedule..........................................................................................................................5
Project Forecasted Budget...........................................................................................................9
Resource View...........................................................................................................................13
Part B.............................................................................................................................................14
Risk Matrix................................................................................................................................14
Risk Mitigation plan and Strategy.............................................................................................18
Conclusion.....................................................................................................................................21
References......................................................................................................................................22

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Topic: Development of a racing car for Volkswagen
Part A
Project purpose
Volkswagen is one of the global leaders in the automobile industry and the project will
propose a schedule, budget and resources of the project. The report will also identify the risk
factors and the probable way of mitigating risk.
Project scope
Project scope will include the different processes used for manufacturing a racing for the
company (Kerzner and Kerzner 2017). The project will aim to develop a racing car which would
compete with the rival companies while participating in the Formula 1 Championship.
Project objective
The project objectives are as follows:
 Identification of technology used by the rival companies by conducting market research
 Identification of the software and hardware requirements
 Designing and developing a racing car
 Testing the car for improvements
Project Constraints
The time span of the project is high and the company will take almost two years to launch
the new racing car. The rival companies are developing new technologies so the new product
may not provide Volkswagen with competitive advantage (Abuwarda and Hegazy 2016). The

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change in the project deliverables in not possible after the second phase and change in
deliverables will affect the overall project.
Project Deliverables
Task Name Duration Start Finish
Car manufacturing and
designing plan
565 days Fri 4/20/18 Thu 6/18/20
1.1 Design phase 175 days Fri 4/20/18 Thu 12/20/18
1.2 Integration Phase 120 days Fri 10/12/18 Thu 3/28/19
1.3 Assembly and manufacturing
phase
205 days Fri 3/29/19 Thu 1/9/20
1.4 Testing Phase 70 days Fri 1/10/20 Thu 4/16/20
1.5 Change management 45 days Fri 4/17/20 Thu 6/18/20
(Table 1: Chow, Woodford and Lambe 2014)
Project Milestone
Task Name Duration Start Finish
Milestone 1: Design phase
realization
0 days Thu 10/11/18 Thu 10/11/18

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Milestone 2: Integration Phase
realized
0 days Thu 3/28/19 Thu 3/28/19
Milestone 3: manufacturing and
Assembly phase realized
0 days Thu 1/9/20 Thu 1/9/20
Milestone 4: Testing Phase realized 0 days Thu 4/16/20 Thu 4/16/20
Milestone 5: Change management
realized
0 days Thu 6/18/20 Thu 6/18/20
(Table 2: Borri, Guberti, and Betti, 2014)
Project Schedule
Task Name Duration Start Finish
Car manufacturing and
designing plan 565 days Fri 4/20/18 Thu 6/18/20
1.1 Design phase 175 days Fri 4/20/18 Thu 12/20/18
1.1.1. competitor analysis 40 days Fri 4/20/18 Thu 6/14/18
1.1.2 Researching the concept and
prior art 35 days Fri 4/20/18 Thu 6/7/18
1.1.3 Designing the first stage
concept 60 days Fri 6/15/18 Thu 9/6/18
1.1.4 In depth analysis of
mechanical and hardware
requirements
75 days Fri 9/7/18 Thu 12/20/18
1.1.5 Solid Modeling 50 days Fri 6/15/18 Thu 8/23/18
1.1.6 Design Analysis 35 days Fri 8/24/18 Thu 10/11/18