Project Charter: Streaming Media Player System

This project charter outlines the details, scope, goals, budget, and schedule for the development of a streaming media player system by Soliloquy Publishing Ltd.

Running Head: PROJECT CHARTER
Project Charter: Streaming Media Player System
Name of the Student
Name of the University

1PROJECT CHARTER
Table of Contents
1.0 Project Details............................................................................................................................2
1.1 Project Title...........................................................................................................................2
1.2 Project Authorization Date....................................................................................................2
1.3 Start and Finish Date.............................................................................................................2
2.0 Project Manager Details............................................................................................................2
2.1 Name of Project Manager......................................................................................................2
2.2 Contact Details.......................................................................................................................2
3.0 Mission, Vision, Goals..............................................................................................................2
3.1 Mission of the Organization..................................................................................................2
3.2 Vision Statement....................................................................................................................3
3.3 Goals and Objectives.............................................................................................................3
4.0 Project Scope.............................................................................................................................4
4.1 Project Scope Statement........................................................................................................4
4.2 Project Assumptions..............................................................................................................4
4.3 Project Constraints.................................................................................................................5
5.0 Success Criteria.........................................................................................................................5
6.0 Summary Budget.......................................................................................................................6
7.0 Summary Schedule....................................................................................................................6
7.1 Start and End Dates for Each Sprint......................................................................................6
7.2 Objectives, Deliverables and Milestones...............................................................................9
8.0 Summary of Project Management Methodology.....................................................................12
9.0 Governance..............................................................................................................................12
10.0 Roles and Responsibilities.....................................................................................................12
11.0 Project Sign Off for Stakeholders..........................................................................................13
Bibliography..................................................................................................................................14

2PROJECT CHARTER
1.0 Project Details
1.1 Project Title
Soliloquy Publishing Ltd. – Streaming Media Player System
1.2 Project Authorization Date
The project has been authorized on 10/04/2018.
1.3 Start and Finish Date
Start Date: 30/04/2018
Finish Date: 01/11/2018
2.0 Project Manager Details
2.1 Name of Project Manager
PLEASE FILL
2.2 Contact Details
PLEASE FILL
3.0 Mission, Vision, Goals
3.1 Mission of the Organization
The mission of the organization is to deliver a new system with extensive content and a
new revenue system in which the clients will pay subscription fees for accessing contents. As per

3PROJECT CHARTER
the mission, a new media database will be created and connected to the company website while a
client application will be provided to the subscribers who will be able to access the contents
through this application. If sufficient amount of client can be gained, the entire revenue structure
of the company will grow resulting in the increase in annual profits.
3.2 Vision Statement
The vision of the company is to enter online streaming market with the aim to provide the
customers with high quality as well as informative contents at minimal subscription price.
3.3 Goals and Objectives
The main goal of the company is to establish a client based application software through
which, the clients will be able to access a huge variety of streaming and interactive contents
given they have subscribed for the services. Through this system, the company will be able to
gain revenue from the subscription prices taken from the clients.
The objectives of the project are as follows.
 To develop a media server through which all video contents will be streamed
 To design and develop an online application through which the clients will be
able subscribe and access the video contents
 To prepare and develop a subscription structure based on time period (monthly /
yearly)
 To include an online payment feature in the application
 To test the accessibility of the application from different web browsers and
smartphones
 To complete the project within a time period of 6 months

4PROJECT CHARTER
 To complete the project within a pre set budget of $700,000
4.0 Project Scope
4.1 Project Scope Statement
As per the requirements of the project, there can be number of in scope and out scope
items that are specified as follows.
In Scope:-
 Development of the online application is within the scope of the project.
 Development of the media server is within the scope of the project.
 Preparation of subscription structure is within the scope of the project.
 Promotion of the application among the existing and projected customer bases is
within the scope of the project.
 Contract signing with various media distributors is within the scope of the project.
Out Scope:-
 Development of business strategy is out of scope of this project.
 Analysis of market and future predictions are out of scope of this project.
4.2 Project Assumptions
In order to develop the project charter, a number of assumptions have been made that are
as follows.
 It has been assumed that the allocated budget of $700,000 will be sufficient for
the project.

5PROJECT CHARTER
 It has been assumed that the expended amount can be recovered within a time
period of 2 years.
 It has been assumed that 6 months will be sufficient for the completion of the
project.
 It has been assumed that all the necessary features and requirements can be
incorporated within the system.
4.3 Project Constraints
The constraints of the project are as follows.
Although a cost benefit has been estimated from the project, chances of reaching
such values are less due to a number of risk factors including lack of client
interest, high competition in market and others.
In spite of addition of the variety of features, the success of the project is not
100% ensured.
There might be copyright and imaging rights issues if contents are streamed in the
application without the prior permission of artists / content creators.
5.0 Success Criteria
There is a number of success criteria for the project that will be evaluated based on a time
period of one to two years after the completion of the project. The success criteria for the project
are listed as follows.
 All the features proposed in the meeting have been incorporated within the
developed system.

6PROJECT CHARTER
 The system is running according to the plan and the clients are able to subscribe
to the services easily.
 The investment is recovered within a time period of 2 years.
 There is sufficient cost benefit achieved from the project.
 The client base is increased by at least 50% at the end of the first year after
completion of project.
6.0 Summary Budget
The summary budget for the project is shown in the following table.
Resource Estimated Cost
Hardware for Developers $50,000
Software for Developers $100,000
Stakeholder Wages $250,000
Developer Costs $150,000
Consultancy Costs $50,000
Licensing and Other Costs $100,000
TOTAL $700,000
7.0 Summary Schedule
7.1 Start and End Dates for Each Sprint
The start and end dates for each sprint of the project are shown in the following table.
Task Name Duration Start Finish

7PROJECT CHARTER
Development of Online Streaming
Media Player
134 days Mon 4/30/18 Thu 11/1/18
Project Planning 10 days Mon 4/30/18 Fri 5/11/18
Survey of Current Business
System
2 days Mon 4/30/18 Tue 5/1/18
Board Meeting 1 day Wed 5/2/18 Wed 5/2/18
Determination of Mission and
Vision
2 days Thu 5/3/18 Fri 5/4/18
Prepare Project Plan 4 days Mon 5/7/18 Thu 5/10/18
Authorization of the Project 1 day Fri 5/11/18 Fri 5/11/18
Project Initiation 17 days Mon 5/14/18 Tue 6/5/18
Appoint Stakeholders for Project 2 days Mon 5/14/18 Tue 5/15/18
Develop Project Charter 5 days Wed 5/16/18 Tue 5/22/18
Determine Project Scope 1 day Wed 5/23/18 Wed 5/23/18
Create List of Deliverables 1 day Thu 5/24/18 Thu 5/24/18
Make Assumptions 1 day Fri 5/25/18 Fri 5/25/18

8PROJECT CHARTER
Evaluate Constraints 1 day Mon 5/28/18 Mon 5/28/18
Develop Project Schedule 2 days Tue 5/29/18 Wed 5/30/18
Estimate Project Budget 3 days Thu 5/31/18 Mon 6/4/18
Approval of Project Plan 1 day Tue 6/5/18 Tue 6/5/18
Project Execution 96 days Wed 6/6/18 Wed 10/17/18
Assign Roles to Stakeholders 2 days Wed 6/6/18 Thu 6/7/18
Hire Developers 4 days Fri 6/8/18 Wed 6/13/18
Procure Budget for Project 2 days Thu 6/14/18 Fri 6/15/18
Initiate Development 1 day Mon 6/18/18 Mon 6/18/18
Prepare List of Features to be
Added
2 days Tue 6/19/18 Wed 6/20/18
Develop Media Database 20 days Thu 6/21/18 Wed 7/18/18
Add All Required Features 15 days Thu 7/19/18 Wed 8/8/18
Develop Client Application 30 days Thu 8/9/18 Wed 9/19/18
Connect Application with
Database
5 days Thu 9/20/18 Wed 9/26/18
Run the System 2 days Thu 9/27/18 Fri 9/28/18

9PROJECT CHARTER
Analyze Errors 2 days Mon 10/1/18 Tue 10/2/18
Address Errors 4 days Wed 10/3/18 Mon 10/8/18
Risk Management 4 days Tue 10/9/18 Fri 10/12/18
Final Testing 2 days Mon 10/15/18 Tue 10/16/18
Project Handover 1 day Wed 10/17/18 Wed 10/17/18
Project Closing 11 days Thu 10/18/18 Thu 11/1/18
Review of Project 5 days Thu 10/18/18 Wed 10/24/18
Appraisal 2 days Thu 10/25/18 Fri 10/26/18
Approval of Project Report 2 days Mon 10/29/18 Tue 10/30/18
Stakeholder Sign Off 1 day Wed 10/31/18 Wed 10/31/18
Official Closing 1 day Thu 11/1/18 Thu 11/1/18
7.2 Objectives, Deliverables and Milestones
The objectives of the project that must be fulfilled are shown in the following work
breakdown structure.

10PROJECT CHARTER
Figure 1: Work Breakdown Structure Showing Objectives of Project
(Source: Created by Author)
The deliverables and milestones of the project including the proposed schedule for each
sprint are shown in the following Gantt chart.

11PROJECT CHARTER
Figure 2: Gantt Chart Showing Milestones and Deliverables
(Source: Created by Author)

12PROJECT CHARTER
8.0 Summary of Project Management Methodology
The project management methodology to be followed for the project is Agile Scrum PM
Methodology. This methodology framework will perfectly fit the requirements of the project as it
will follow a specific execution structure as mentioned in Scrum method. Before starting the
project, Scrum will allow the organization to develop a vision statement and a set of project
goals and objectives. Based on these specifications, the project sprints will be determined within
a fixed set of timeline. Within this timeline, the project sprints will be executed and then
evaluated for further changes and additional requirements.
9.0 Governance
The project will have a suitable governance structure that will require the stakeholders of
the project to manage and govern different aspects of the project. There are four main
stakeholders of the project, namely the project manager, promoter, chief financial officer and
chief information officer. Since their duties are allocated in different aspects of the project, they
also need to govern these aspects so that the project does not go out of scope or any problems
and issues can be promptly addressed and solved.
10.0 Roles and Responsibilities
The roles and responsibilities of the stakeholder in the project are as follows.
Stakeholder Name Designation Duty
PLEASE FILL Project Manager Preparation of charter,
management of entire project
Tristan Bard Main Promoter / Supporter Approval of project, promotion

13PROJECT CHARTER
of project
Elijah Z. Money Chief Financial Officer Management of project funds
Ignatius T. Shoppe Chief Information Officer Business analytics, providing
suggestions regarding the system
11.0 Project Sign Off for Stakeholders
The project charter has been reviewed and found to be according to the proposed plan.
______________________________
(Project Manager)
______________________________
(Promoter)
______________________________
(Chief Financial Officer)
______________________________
(Chief Information Officer)

14PROJECT CHARTER
Bibliography
Binder, J. (2016). Global project management: communication, collaboration and management
across borders. Routledge.
Boud, D., Cohen, R., & Sampson, J. (Eds.). (2014). Peer learning in higher education: Learning
from and with each other. Routledge.
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.
Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning,
scheduling, and controlling. John Wiley & Sons.
Schwalbe, K. (2015). Information technology project management. Cengage Learning.
Turner, R. (2016). Gower handbook of project management. Routledge.
Verzuh, E. (2015). The fast forward MBA in project management. John Wiley & Sons.
Walker, A. (2015). Project management in construction. John Wiley & Sons.