Project and Operations Management for Apple Inc.
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This report outlines the project management plan for the development and launch of a new smartphone by Apple Inc. The report covers project purpose, description, scope statement, deliverables, milestones, schedule, budget, quality plan, and risk register.
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Running head: PROJECT AND OPERATIONS MANAGEMENT
Project and Operations Management
Name of the student
Nam of the university
Author note
Project and Operations Management
Name of the student
Nam of the university
Author note
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1PROJECT AND OPERATIONS MANAGEMENT
Executive Summary
The purpose of the project is development of a new product for the company named Apple Inc.
Apple Inc. will launch a new smart company in order to compete with the new products
developed by the competitors in the market. Apple Inc. is the one of global giants in the
technological industry and is the market leader in terms of revenue generation and market share.
Apple Inc. has developed their own market segment but the major global competitors have
developed popular products that are grabbing the attention of the market competitors. The report
had developed the project management plan which has to be approved by the stakeholders.
Effective execution of the project plan would result in the successful development and launching
of the product.
Executive Summary
The purpose of the project is development of a new product for the company named Apple Inc.
Apple Inc. will launch a new smart company in order to compete with the new products
developed by the competitors in the market. Apple Inc. is the one of global giants in the
technological industry and is the market leader in terms of revenue generation and market share.
Apple Inc. has developed their own market segment but the major global competitors have
developed popular products that are grabbing the attention of the market competitors. The report
had developed the project management plan which has to be approved by the stakeholders.
Effective execution of the project plan would result in the successful development and launching
of the product.
2PROJECT AND OPERATIONS MANAGEMENT
Table of Contents
Project purpose................................................................................................................................3
Project description...........................................................................................................................3
Project scope Statement...................................................................................................................3
Project deliverables..........................................................................................................................4
Project milestones............................................................................................................................5
Project schedule...............................................................................................................................6
Gantt chart.....................................................................................................................................10
Network diagram...........................................................................................................................11
Work break down structure...........................................................................................................12
Project budget................................................................................................................................13
Quality plan...................................................................................................................................17
Risk register...................................................................................................................................18
Conclusion.....................................................................................................................................22
References and Bibliography.........................................................................................................23
Table of Contents
Project purpose................................................................................................................................3
Project description...........................................................................................................................3
Project scope Statement...................................................................................................................3
Project deliverables..........................................................................................................................4
Project milestones............................................................................................................................5
Project schedule...............................................................................................................................6
Gantt chart.....................................................................................................................................10
Network diagram...........................................................................................................................11
Work break down structure...........................................................................................................12
Project budget................................................................................................................................13
Quality plan...................................................................................................................................17
Risk register...................................................................................................................................18
Conclusion.....................................................................................................................................22
References and Bibliography.........................................................................................................23
3PROJECT AND OPERATIONS MANAGEMENT
Project purpose
The purpose of the project is development of a new product for the company named
Apple Inc. Apple Inc. will launch a new smart company in order to compete with the new
products developed by the competitors in the market.
Project description
Apple Inc. is the one of global giants in the technological industry and is the market
leader in terms of revenue generation and market share. Apple Inc. has developed their own
market segment but the major global competitors have developed popular products that are
grabbing the attention of the market competitors (Apple, 2018). Therefore, this is a counter
strategy for Apple Inc. to develop a new smart phone that will belong to the same target segment
as the other products so that they can generate the lost revenue and consumers due to the new
products in the market.
Project scope Statement
According to Kerzner and Kerzner, (2017), the project scope statement is an instrument
for describing the key milestones and the major deliverables of the project. It will also determine
the different constraints, assumptions and requirements in a project. The project will develop a
new Smartphone with advanced features for competing with the rival companies. This will
consist of developing a project plan for developing and launching the product in the market.
Project Objectives
ï‚· Developing a Smartphone with the latest features
Project purpose
The purpose of the project is development of a new product for the company named
Apple Inc. Apple Inc. will launch a new smart company in order to compete with the new
products developed by the competitors in the market.
Project description
Apple Inc. is the one of global giants in the technological industry and is the market
leader in terms of revenue generation and market share. Apple Inc. has developed their own
market segment but the major global competitors have developed popular products that are
grabbing the attention of the market competitors (Apple, 2018). Therefore, this is a counter
strategy for Apple Inc. to develop a new smart phone that will belong to the same target segment
as the other products so that they can generate the lost revenue and consumers due to the new
products in the market.
Project scope Statement
According to Kerzner and Kerzner, (2017), the project scope statement is an instrument
for describing the key milestones and the major deliverables of the project. It will also determine
the different constraints, assumptions and requirements in a project. The project will develop a
new Smartphone with advanced features for competing with the rival companies. This will
consist of developing a project plan for developing and launching the product in the market.
Project Objectives
ï‚· Developing a Smartphone with the latest features
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4PROJECT AND OPERATIONS MANAGEMENT
ï‚· Testing the product for reviews
ï‚· Marketing the product effectively
ï‚· Launching the product
Project Assumptions
ï‚· The stakeholders and the sponsors have authorized this project
ï‚· The purpose of the project has been communicated to all internal stakeholders including
the different departments
ï‚· Additional budget allocation will have to be initially consulted with the board and the
CEO
Project constraint
The restrictions and limitations that the project stakeholders have to deal with are the
project constraint. There are other products that will have to be developed simultaneously so
budget and time is a constraint for the project.
Project deliverables
Chow, Woodford and Lambe, (2014) states, the expected output in a project is known as
the project deliverables. The specific outcomes in each of the stages of the project have to be
defined to understand the project scope creep. The project deliverables in this project are
described below:
ï‚· Testing the product for reviews
ï‚· Marketing the product effectively
ï‚· Launching the product
Project Assumptions
ï‚· The stakeholders and the sponsors have authorized this project
ï‚· The purpose of the project has been communicated to all internal stakeholders including
the different departments
ï‚· Additional budget allocation will have to be initially consulted with the board and the
CEO
Project constraint
The restrictions and limitations that the project stakeholders have to deal with are the
project constraint. There are other products that will have to be developed simultaneously so
budget and time is a constraint for the project.
Project deliverables
Chow, Woodford and Lambe, (2014) states, the expected output in a project is known as
the project deliverables. The specific outcomes in each of the stages of the project have to be
defined to understand the project scope creep. The project deliverables in this project are
described below:
5PROJECT AND OPERATIONS MANAGEMENT
Task Name Duration Start Finish
Smartphone Development for Apple
Inc.
262 days Fri 4/27/18 Mon 4/29/19
1.0 Product Requirement 23 days Fri 4/27/18 Tue 5/29/18
2.0 Product Development phase 81 days Wed 5/30/18 Wed 9/19/18
3.0 Final product Development Stage 46 days Thu 9/20/18 Thu 11/22/18
4.0 Testing phase 42 days Fri 11/23/18 Mon 1/21/19
5.0 Product launch 70 days Tue 1/22/19 Mon 4/29/19
Table 1
Project milestones
According to Heumann et al., (2015), the events having a nil duration and marks the
progress of the project across the timeline is known as project milestone. The management of the
project deliverables can be executed n a better way by identifying the key milestone in each stage
of the project. The milestones in this project are listed below:
Task Name Duration Start Finish
1.6 Milestone 1: Product specification
developed 0 days Tue 5/29/18 Tue 5/29/18
Task Name Duration Start Finish
Smartphone Development for Apple
Inc.
262 days Fri 4/27/18 Mon 4/29/19
1.0 Product Requirement 23 days Fri 4/27/18 Tue 5/29/18
2.0 Product Development phase 81 days Wed 5/30/18 Wed 9/19/18
3.0 Final product Development Stage 46 days Thu 9/20/18 Thu 11/22/18
4.0 Testing phase 42 days Fri 11/23/18 Mon 1/21/19
5.0 Product launch 70 days Tue 1/22/19 Mon 4/29/19
Table 1
Project milestones
According to Heumann et al., (2015), the events having a nil duration and marks the
progress of the project across the timeline is known as project milestone. The management of the
project deliverables can be executed n a better way by identifying the key milestone in each stage
of the project. The milestones in this project are listed below:
Task Name Duration Start Finish
1.6 Milestone 1: Product specification
developed 0 days Tue 5/29/18 Tue 5/29/18
6PROJECT AND OPERATIONS MANAGEMENT
2.8 Milestone 2: Initial product
Developed 0 days Wed 9/19/18 Wed 9/19/18
3.4 Milestone 3: Final product
Developed 0 days Thu 11/22/18 Thu 11/22/18
4.4 Milestone 4: Testing phase
completed 0 days Mon 1/21/19 Mon 1/21/19
5.3 Milestone 5: Product launched 0 days Mon 4/29/19 Mon 4/29/19
Table 2
Project schedule
The project schedule describes in depth the different task that have to be performed and
their scheduled baseline start and finish dates. This will enable to understand the allocated time
for each task and phase along with the buffer time for each of the task (Wang et al., 2014). The
project schedule for the current project is described below which shows that the overall time
span is 262 days and the project timeline starts at 27th April, 2018 and ends at 29th April, 2019.
Task Name Duration Start Finish
Smartphone Development for Apple
Inc.
262 days Fri 4/27/18 Mon 4/29/19
1.0 Product Requirement 23 days Fri 4/27/18 Tue 5/29/18
1.1 identification of product
requirement
15 days Fri 4/27/18 Thu 5/17/18
2.8 Milestone 2: Initial product
Developed 0 days Wed 9/19/18 Wed 9/19/18
3.4 Milestone 3: Final product
Developed 0 days Thu 11/22/18 Thu 11/22/18
4.4 Milestone 4: Testing phase
completed 0 days Mon 1/21/19 Mon 1/21/19
5.3 Milestone 5: Product launched 0 days Mon 4/29/19 Mon 4/29/19
Table 2
Project schedule
The project schedule describes in depth the different task that have to be performed and
their scheduled baseline start and finish dates. This will enable to understand the allocated time
for each task and phase along with the buffer time for each of the task (Wang et al., 2014). The
project schedule for the current project is described below which shows that the overall time
span is 262 days and the project timeline starts at 27th April, 2018 and ends at 29th April, 2019.
Task Name Duration Start Finish
Smartphone Development for Apple
Inc.
262 days Fri 4/27/18 Mon 4/29/19
1.0 Product Requirement 23 days Fri 4/27/18 Tue 5/29/18
1.1 identification of product
requirement
15 days Fri 4/27/18 Thu 5/17/18
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7PROJECT AND OPERATIONS MANAGEMENT
1.2 Discuss product requirements with
the stakeholders
2 days Fri 5/18/18 Mon 5/21/18
1.3 Make necessary Changes 2 days Tue 5/22/18 Wed 5/23/18
1.4 Develop the product specification
document
3 days Thu 5/24/18 Mon 5/28/18
1.5 Deploy the product Document 1 day Tue 5/29/18 Tue 5/29/18
1.6 Milestone 1: Product specification
developed
0 days Tue 5/29/18 Tue 5/29/18
2.0 Product Development phase 81 days Wed 5/30/18 Wed 9/19/18
2.1 Identify the product software
requirements
10 days Wed 5/30/18 Tue 6/12/18
2.2 Identify the product hardware
development requirements
15 days Wed 5/30/18 Tue 6/19/18
2.3 Integrating the product
requirements
30 days Wed 6/20/18 Tue 7/31/18
2.4 Developing the basic Model 30 days Wed 8/1/18 Tue 9/11/18
2.5 Discuss with the stakeholders 3 days Wed 9/12/18 Fri 9/14/18
1.2 Discuss product requirements with
the stakeholders
2 days Fri 5/18/18 Mon 5/21/18
1.3 Make necessary Changes 2 days Tue 5/22/18 Wed 5/23/18
1.4 Develop the product specification
document
3 days Thu 5/24/18 Mon 5/28/18
1.5 Deploy the product Document 1 day Tue 5/29/18 Tue 5/29/18
1.6 Milestone 1: Product specification
developed
0 days Tue 5/29/18 Tue 5/29/18
2.0 Product Development phase 81 days Wed 5/30/18 Wed 9/19/18
2.1 Identify the product software
requirements
10 days Wed 5/30/18 Tue 6/12/18
2.2 Identify the product hardware
development requirements
15 days Wed 5/30/18 Tue 6/19/18
2.3 Integrating the product
requirements
30 days Wed 6/20/18 Tue 7/31/18
2.4 Developing the basic Model 30 days Wed 8/1/18 Tue 9/11/18
2.5 Discuss with the stakeholders 3 days Wed 9/12/18 Fri 9/14/18
8PROJECT AND OPERATIONS MANAGEMENT
2.6 Document the Modifications
required
2 days Mon 9/17/18 Tue 9/18/18
2.7 Sent for Approval 1 day Wed 9/19/18 Wed 9/19/18
2.8 Milestone 2: Initial product
Developed
0 days Wed 9/19/18 Wed 9/19/18
3.0 Final product Development
Stage
46 days Thu 9/20/18 Thu 11/22/18
3.1 Make the necessary Changes 35 days Thu 9/20/18 Wed 11/7/18
3.2 Develop the final product 45 days Thu 9/20/18 Wed 11/21/18
3.3 Sent for testing 1 day Thu 11/22/18 Thu 11/22/18
3.4 Milestone 3: Final product
Developed
0 days Thu 11/22/18 Thu 11/22/18
4.0 Testing phase 42 days Fri 11/23/18 Mon 1/21/19
4.1 Product distributed among
employees and selected premium
consumers
30 days Fri 11/23/18 Thu 1/3/19
4.2 Take Feedback 5 days Fri 1/4/19 Thu 1/10/19
4.3 Make necessary changes 7 days Fri 1/11/19 Mon 1/21/19
2.6 Document the Modifications
required
2 days Mon 9/17/18 Tue 9/18/18
2.7 Sent for Approval 1 day Wed 9/19/18 Wed 9/19/18
2.8 Milestone 2: Initial product
Developed
0 days Wed 9/19/18 Wed 9/19/18
3.0 Final product Development
Stage
46 days Thu 9/20/18 Thu 11/22/18
3.1 Make the necessary Changes 35 days Thu 9/20/18 Wed 11/7/18
3.2 Develop the final product 45 days Thu 9/20/18 Wed 11/21/18
3.3 Sent for testing 1 day Thu 11/22/18 Thu 11/22/18
3.4 Milestone 3: Final product
Developed
0 days Thu 11/22/18 Thu 11/22/18
4.0 Testing phase 42 days Fri 11/23/18 Mon 1/21/19
4.1 Product distributed among
employees and selected premium
consumers
30 days Fri 11/23/18 Thu 1/3/19
4.2 Take Feedback 5 days Fri 1/4/19 Thu 1/10/19
4.3 Make necessary changes 7 days Fri 1/11/19 Mon 1/21/19
9PROJECT AND OPERATIONS MANAGEMENT
4.4 Milestone 4: Testing phase
completed
0 days Mon 1/21/19 Mon 1/21/19
5.0 Product launch 70 days Tue 1/22/19 Mon 4/29/19
5.1 Develop the marketing campaign 20 days Tue 1/22/19 Mon 2/18/19
5.2 Promote Product 50 days Tue 2/19/19 Mon 4/29/19
5.3 Milestone 5: Product launched 0 days Mon 4/29/19 Mon 4/29/19
Table 3
The majority of the tasks in the project are critical tasks except two tasks that are non
critical. They are identification of the software requirements and making the necessary changes
in the final product stages. These tasks have slack time of 5 days and 10 days so that the
resources allocation can be reduced as changing resources and time will not have any effect on
the overall cost and time span of the project.
4.4 Milestone 4: Testing phase
completed
0 days Mon 1/21/19 Mon 1/21/19
5.0 Product launch 70 days Tue 1/22/19 Mon 4/29/19
5.1 Develop the marketing campaign 20 days Tue 1/22/19 Mon 2/18/19
5.2 Promote Product 50 days Tue 2/19/19 Mon 4/29/19
5.3 Milestone 5: Product launched 0 days Mon 4/29/19 Mon 4/29/19
Table 3
The majority of the tasks in the project are critical tasks except two tasks that are non
critical. They are identification of the software requirements and making the necessary changes
in the final product stages. These tasks have slack time of 5 days and 10 days so that the
resources allocation can be reduced as changing resources and time will not have any effect on
the overall cost and time span of the project.
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PROJECT AND OPERATIONS MANAGEMENT 10
Gantt chart
Gantt chart
PROJECT AND OPERATIONS MANAGEMENT 11
Network diagram
Network diagram
PROJECT AND OPERATIONS MANAGEMENT 12
Work break down structure
Smartphone
Development for Apple
Inc.
1.0 Product Requirement
1.1 identfication of
product requirement
1.2 Discuss product
requirements with the
stakeholders
1.3 Make necessary
Changes
1.4 Develop the
product specfication
document
1.5 Deploy the
product Document
1.6 Milestone 1:
Product specfication
developed
2.0 Product Development
phase
2.1 Identify the
product software
requirements
2.2 Identify the
product hardware
development
requirements
2.3 Integrating the
product
requirements
2.4 Developing the
basic Model
2.5 Discuss with the
stakeholders
2.6 Document the
Modifications
required
2.7 Sent for Approval
2.8 Milestone 2:
Initial product
Developed
3.0 Final product
Development Stage
3.1 Make the
necessary Changes
3.2 Develop the final
product
3.3 Sent for testing
3.4 Milestone 3:
Final product
Developed
4.0 Testing phase
4.1 Product
distributed among
employees and
selected premium
consumers
4.2 Take Feedback
4.3 Make necessary
changes
4.4 Milestone 4:
Testing phase
completed
5.0 Product launch
5.1 Develop the
marketing campaign
5.2 Promote Product
5.3 Milestone 5:
Product launched
Work break down structure
Smartphone
Development for Apple
Inc.
1.0 Product Requirement
1.1 identfication of
product requirement
1.2 Discuss product
requirements with the
stakeholders
1.3 Make necessary
Changes
1.4 Develop the
product specfication
document
1.5 Deploy the
product Document
1.6 Milestone 1:
Product specfication
developed
2.0 Product Development
phase
2.1 Identify the
product software
requirements
2.2 Identify the
product hardware
development
requirements
2.3 Integrating the
product
requirements
2.4 Developing the
basic Model
2.5 Discuss with the
stakeholders
2.6 Document the
Modifications
required
2.7 Sent for Approval
2.8 Milestone 2:
Initial product
Developed
3.0 Final product
Development Stage
3.1 Make the
necessary Changes
3.2 Develop the final
product
3.3 Sent for testing
3.4 Milestone 3:
Final product
Developed
4.0 Testing phase
4.1 Product
distributed among
employees and
selected premium
consumers
4.2 Take Feedback
4.3 Make necessary
changes
4.4 Milestone 4:
Testing phase
completed
5.0 Product launch
5.1 Develop the
marketing campaign
5.2 Promote Product
5.3 Milestone 5:
Product launched
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13PROJECT AND OPERATIONS MANAGEMENT
Project budget
The project budget will consist of the overall budget of the project along the cost of
completing each of the tasks and deliverables. The project budget for developing a new
Smartphone for Apple is as follows:
Task Name Resource Names Cost
Smartphone
Development for Apple
Inc.
$266,480.00
1.0 Product
Requirement $31,080.00
1.1 Identification of
product requirement
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$19,800.00
1.2 Discuss product
requirements with the
stakeholders
CEO, Finance manager, Human resource
Manager, Marketing manager, Project
Manager
$8,480.00
1.3 Make necessary
Changes
Electronics and Communication engineer,
Instrumentation engineer, Software developer $1,040.00
1.4 Develop the product
specification document
Electronics and Communication engineer,
Instrumentation engineer, Software developer $1,560.00
1.5 Deploy the product
Document Instrumentation engineer $200.00
1.6 Milestone 1: Product
specification developed $0.00
2.0 Product
Development phase $77,960.00
Project budget
The project budget will consist of the overall budget of the project along the cost of
completing each of the tasks and deliverables. The project budget for developing a new
Smartphone for Apple is as follows:
Task Name Resource Names Cost
Smartphone
Development for Apple
Inc.
$266,480.00
1.0 Product
Requirement $31,080.00
1.1 Identification of
product requirement
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$19,800.00
1.2 Discuss product
requirements with the
stakeholders
CEO, Finance manager, Human resource
Manager, Marketing manager, Project
Manager
$8,480.00
1.3 Make necessary
Changes
Electronics and Communication engineer,
Instrumentation engineer, Software developer $1,040.00
1.4 Develop the product
specification document
Electronics and Communication engineer,
Instrumentation engineer, Software developer $1,560.00
1.5 Deploy the product
Document Instrumentation engineer $200.00
1.6 Milestone 1: Product
specification developed $0.00
2.0 Product
Development phase $77,960.00
14PROJECT AND OPERATIONS MANAGEMENT
2.1 Identify the product
software requirements Software developer $1,200.00
2.2 Identify the product
hardware development
requirements
Electronics and Communication engineer,
Instrumentation engineer $6,000.00
2.3 Integrating the
product requirements
Electronics and Communication engineer,
Instrumentation engineer, Software developer $15,600.00
2.4 Developing the basic
Model
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$39,600.00
2.5 Discuss with the
stakeholders
CEO, Finance manager, Human resource
Manager, Marketing manager, Project
Manager
$12,720.00
2.6 Document the
Modifications required
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$2,640.00
2.7 Sent for Approval Electronics and Communication engineer $200.00
2.8 Milestone 2: Initial
product Developed $0.00
3.0 Final product
Development Stage $42,400.00
3.1 Make the necessary
Changes
Electronics and Communication engineer,
Instrumentation engineer, Software developer $18,200.00
3.2 Develop the final
product
Electronics and Communication engineer,
Instrumentation engineer, Software developer $23,400.00
3.3 Sent for testing Project Manager $800.00
3.4 Milestone 3: Final
product Developed $0.00
4.0 Testing phase $46,240.00
4.1 Product distributed Human resource Manager, Project Manager $36,000.00
2.1 Identify the product
software requirements Software developer $1,200.00
2.2 Identify the product
hardware development
requirements
Electronics and Communication engineer,
Instrumentation engineer $6,000.00
2.3 Integrating the
product requirements
Electronics and Communication engineer,
Instrumentation engineer, Software developer $15,600.00
2.4 Developing the basic
Model
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$39,600.00
2.5 Discuss with the
stakeholders
CEO, Finance manager, Human resource
Manager, Marketing manager, Project
Manager
$12,720.00
2.6 Document the
Modifications required
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$2,640.00
2.7 Sent for Approval Electronics and Communication engineer $200.00
2.8 Milestone 2: Initial
product Developed $0.00
3.0 Final product
Development Stage $42,400.00
3.1 Make the necessary
Changes
Electronics and Communication engineer,
Instrumentation engineer, Software developer $18,200.00
3.2 Develop the final
product
Electronics and Communication engineer,
Instrumentation engineer, Software developer $23,400.00
3.3 Sent for testing Project Manager $800.00
3.4 Milestone 3: Final
product Developed $0.00
4.0 Testing phase $46,240.00
4.1 Product distributed Human resource Manager, Project Manager $36,000.00
15PROJECT AND OPERATIONS MANAGEMENT
among employees and
selected premium
consumers
4.2 Take Feedback
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$6,600.00
4.3 Make necessary
changes
Electronics and Communication engineer,
Instrumentation engineer, Software developer $3,640.00
4.4 Milestone 4: Testing
phase completed $0.00
5.0 Product launch $68,800.00
5.1 Develop the
marketing campaign Finance manager, Marketing manager $28,800.00
5.2 Promote Product Marketing manager $40,000.00
5.3 Milestone 5: Product
launched $0.00
Table 4
Resource table
The resource table describes the different internal stakeholders and team members
executing the project. The resource table describes the overall working time period, working
hours and the overall cost on these resources. The resource table for the current project are as
follows:
Name Cost Start Finish Remaining
Work
Project Manager $70,400.00 Fri 4/27/18 Thu 1/10/19 704 hrs
Software developer $22,080.00 Fri 4/27/18 Mon 1/21/19 1,472 hrs
Instrumentation engineer $38,000.00 Fri 4/27/18 Mon 1/21/19 1,520 hrs
among employees and
selected premium
consumers
4.2 Take Feedback
Electronics and Communication engineer,
Instrumentation engineer, Project Manager,
Software developer
$6,600.00
4.3 Make necessary
changes
Electronics and Communication engineer,
Instrumentation engineer, Software developer $3,640.00
4.4 Milestone 4: Testing
phase completed $0.00
5.0 Product launch $68,800.00
5.1 Develop the
marketing campaign Finance manager, Marketing manager $28,800.00
5.2 Promote Product Marketing manager $40,000.00
5.3 Milestone 5: Product
launched $0.00
Table 4
Resource table
The resource table describes the different internal stakeholders and team members
executing the project. The resource table describes the overall working time period, working
hours and the overall cost on these resources. The resource table for the current project are as
follows:
Name Cost Start Finish Remaining
Work
Project Manager $70,400.00 Fri 4/27/18 Thu 1/10/19 704 hrs
Software developer $22,080.00 Fri 4/27/18 Mon 1/21/19 1,472 hrs
Instrumentation engineer $38,000.00 Fri 4/27/18 Mon 1/21/19 1,520 hrs
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16PROJECT AND OPERATIONS MANAGEMENT
Electronics and
Communication engineer
$38,000.00 Fri 4/27/18 Mon 1/21/19 1,520 hrs
Human resource
Manager
$14,000.00 Fri 5/18/18 Thu 1/3/19 280 hrs
Finance manager $16,000.00 Fri 5/18/18 Mon 2/18/19 200 hrs
CEO $8,000.00 Fri 5/18/18 Fri 9/14/18 40 hrs
Marketing manager $60,000.00 Fri 5/18/18 Mon 4/29/19 600 hrs
Table 5
Project Manager
Software developer
Instrumentation engineer
Electonics and Communication engineer
Human resource Manager
Finance manager
CEO
Marketing manager
$0.00
$20,000.00
$40,000.00
$60,000.00
$80,000.00
Cost Variance
Graph 1
Electronics and
Communication engineer
$38,000.00 Fri 4/27/18 Mon 1/21/19 1,520 hrs
Human resource
Manager
$14,000.00 Fri 5/18/18 Thu 1/3/19 280 hrs
Finance manager $16,000.00 Fri 5/18/18 Mon 2/18/19 200 hrs
CEO $8,000.00 Fri 5/18/18 Fri 9/14/18 40 hrs
Marketing manager $60,000.00 Fri 5/18/18 Mon 4/29/19 600 hrs
Table 5
Project Manager
Software developer
Instrumentation engineer
Electonics and Communication engineer
Human resource Manager
Finance manager
CEO
Marketing manager
$0.00
$20,000.00
$40,000.00
$60,000.00
$80,000.00
Cost Variance
Graph 1
17PROJECT AND OPERATIONS MANAGEMENT
Quality plan
Policy/Directive/Standard/etc Reference Comment
Benchmarking Scope Creep The project team will have to set
their benchmarks regarding the
project scope creep so that
standard baselines can be set for
all aspects. This will enable them
to monitor and identify deviation
easily and take necessary
actions.
Cost benefit analysis Project management
plan
The cost benefits analysis of the
benefits and cost of developing
the product and the return on the
investment. This will enable the
organization to control the
budget for gaining profit.
Cost of quality Quality metrics The project team will develop
quality metrics for
benchmarking.
Communication plan Meetings Communication plan will
develop better team performance
due to the increase in team
Quality plan
Policy/Directive/Standard/etc Reference Comment
Benchmarking Scope Creep The project team will have to set
their benchmarks regarding the
project scope creep so that
standard baselines can be set for
all aspects. This will enable them
to monitor and identify deviation
easily and take necessary
actions.
Cost benefit analysis Project management
plan
The cost benefits analysis of the
benefits and cost of developing
the product and the return on the
investment. This will enable the
organization to control the
budget for gaining profit.
Cost of quality Quality metrics The project team will develop
quality metrics for
benchmarking.
Communication plan Meetings Communication plan will
develop better team performance
due to the increase in team
18PROJECT AND OPERATIONS MANAGEMENT
bonding and awareness about
each other’s role and project
status.
Table 6
bonding and awareness about
each other’s role and project
status.
Table 6
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19PROJECT AND OPERATIONS MANAGEMENT
Risk register
Type of
risk
Risk
Description
Probability Impact Risk reduction
Strategy
Contingency
Plan
High Medium Low Performance Cost Time
External Time delay in
receiving the
components
Yes Yes Yes Yes The project
team will have
to establish a
better
communicatio
n plan with the
supplies and
distributors.
The project
team will have
to set a buffer
time to
compensate the
delay and
should always
manage
inventory in a
better way. This
will consist of
identifying the
Risk register
Type of
risk
Risk
Description
Probability Impact Risk reduction
Strategy
Contingency
Plan
High Medium Low Performance Cost Time
External Time delay in
receiving the
components
Yes Yes Yes Yes The project
team will have
to establish a
better
communicatio
n plan with the
supplies and
distributors.
The project
team will have
to set a buffer
time to
compensate the
delay and
should always
manage
inventory in a
better way. This
will consist of
identifying the
20PROJECT AND OPERATIONS MANAGEMENT
components that
are used more
frequently than
the others to
manage stocks.
External Unexpected
Issue
Yes Yes Yes Yes This is an
unexpected
issue which
may occur at
any phase and
can affect any
of the areas
consisting of
time, cost and
performance
The project
manager should
develop an
effective risk
register for
identifying the
possible factors
that may affect
the project.
Internal Change in
product
Yes Yes Yes Yes The project
team should
The project
team should use
components that
are used more
frequently than
the others to
manage stocks.
External Unexpected
Issue
Yes Yes Yes Yes This is an
unexpected
issue which
may occur at
any phase and
can affect any
of the areas
consisting of
time, cost and
performance
The project
manager should
develop an
effective risk
register for
identifying the
possible factors
that may affect
the project.
Internal Change in
product
Yes Yes Yes Yes The project
team should
The project
team should use
21PROJECT AND OPERATIONS MANAGEMENT
specifications look for
changes at the
initial phases
of the project
and the
product
specifications
will have to be
confirmed
before going
on with the
final product
development
phase
agile
methodology
instead of
waterfall model
for developing
the product
specifications
are not clear.
This will enable
them to develop
a flexible
product at each
stage of the
project and new
features can be
added at every
specifications look for
changes at the
initial phases
of the project
and the
product
specifications
will have to be
confirmed
before going
on with the
final product
development
phase
agile
methodology
instead of
waterfall model
for developing
the product
specifications
are not clear.
This will enable
them to develop
a flexible
product at each
stage of the
project and new
features can be
added at every
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22PROJECT AND OPERATIONS MANAGEMENT
stage
Internal Time delay in
testing phase
Yes Yes Yes Yes In to save time
in the testing
phase the
project team
should
constantly
monitor the
use of the new
Smartphone by
the employees
and consumers
to understand
the level of
scope creep.
The project
team should set
excess buffer
time for
compensating
for any delay.
Table 7
stage
Internal Time delay in
testing phase
Yes Yes Yes Yes In to save time
in the testing
phase the
project team
should
constantly
monitor the
use of the new
Smartphone by
the employees
and consumers
to understand
the level of
scope creep.
The project
team should set
excess buffer
time for
compensating
for any delay.
Table 7
23PROJECT AND OPERATIONS MANAGEMENT
Conclusion
The report has developed an effective project management plan where the project scope
has been described in detail. The Gantt chart shows the critical and non critical tasks in the
project where it has been seen that majority of the tasks are critical tasks. The risk register and
the quality plan have also been developed and the project of developing a new competitive
product in the market would be successful based on the report generated.
Conclusion
The report has developed an effective project management plan where the project scope
has been described in detail. The Gantt chart shows the critical and non critical tasks in the
project where it has been seen that majority of the tasks are critical tasks. The risk register and
the quality plan have also been developed and the project of developing a new competitive
product in the market would be successful based on the report generated.
24PROJECT AND OPERATIONS MANAGEMENT
References and Bibliography
Apple. (2018). Business. Apple. Retrieved 28 April 2018, from https://www.apple.com/business/
Binder, J. (2016). Global project management: communication, collaboration and management
across borders. Routledge.
Chow, A. F., Woodford, K. C., & Lambe, N. (2014). Using project deliverables and project
management for timely completion of student projects. Journal of Emerging Trends in
Economics and Management Sciences, 5(3), 323.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach.
Routledge.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt
Assn.
Heumann, J., Wiener, M., Remus, U., & Mähring, M. (2015). To coerce or to enable? Exercising
formal control in a large information systems project. Journal of information
technology, 30(4), 337-351.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and
technology. Taylor & Francis.
References and Bibliography
Apple. (2018). Business. Apple. Retrieved 28 April 2018, from https://www.apple.com/business/
Binder, J. (2016). Global project management: communication, collaboration and management
across borders. Routledge.
Chow, A. F., Woodford, K. C., & Lambe, N. (2014). Using project deliverables and project
management for timely completion of student projects. Journal of Emerging Trends in
Economics and Management Sciences, 5(3), 323.
Fleming, Q. W., & Koppelman, J. M. (2016, December). Earned value project management.
Project Management Institute.
Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach.
Routledge.
Heagney, J. (2016). Fundamentals of project management. AMACOM Div American Mgmt
Assn.
Heumann, J., Wiener, M., Remus, U., & Mähring, M. (2015). To coerce or to enable? Exercising
formal control in a large information systems project. Journal of information
technology, 30(4), 337-351.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and
technology. Taylor & Francis.
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25PROJECT AND OPERATIONS MANAGEMENT
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Wang, W. C., Weng, S. W., Wang, S. H., & Chen, C. Y. (2014). Integrating building information
models with construction process simulations for project scheduling support. Automation
in construction, 37, 68-80.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Wang, W. C., Weng, S. W., Wang, S. H., & Chen, C. Y. (2014). Integrating building information
models with construction process simulations for project scheduling support. Automation
in construction, 37, 68-80.
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