Weighted Soring Model - PDF

PROJECT MANAGEMENT PLAN

Table of Contents
1. BACKGROUND....................................................................................................................1
2. EVALUATION OF ALTERNATIVE...................................................................................1
3. PROJECT CONCEPT............................................................................................................3
4. PROJECT FEASIBILITY......................................................................................................5
5. PROJECT STAKEHOLDER MANAGEMENT...................................................................7
6. PROJECT SCHEDULE MANAGEMENT...........................................................................9
7. PROJECT COST MANAGEMENT....................................................................................10
8. PROJECT QUALITY MANAGEMENT............................................................................11
9. RISK MANAGEMENT.......................................................................................................12
10. PROJECT PROCUREMENT MANAGEMENT..............................................................14
11. CONCLUSION..................................................................................................................15
REFERENCES.........................................................................................................................16

List of tables
Table 1: Weight scoring model..................................................................................................2
Table 2: Stakeholder management.............................................................................................7
Table 3: Project Gantt chart.......................................................................................................9
Table 4: Cost of the project......................................................................................................10
Table 5: Risk register...............................................................................................................12

List of figure
Figure 1: Project concept...........................................................................................................4
Figure 2: Organizational chart...................................................................................................8

Executive summary
Project management is the practices of initiating, planning, executing, monitoring and
closing the work of a team that helps to achieve the specific goals and meets specific success
criteria at the specified time. The project selection methods that WRU can use for managing
current project activities involve benefit measurement method or constrained optimization
method. For the current project of managing communication and craft improvement in the
market activities of the company to gain the competitive advantage, the management can use
the Weighted Scoring Model. The project management team will try to encounter the issues
by using the project concept and support to implement the ERP system that will help in
analyzing the performance of staff and product in the market.

1. BACKGROUND
Widgets ’R Us Widgets ’R Us (WRU) is a medium-sized firm specializing in the
design and manufacturing of quality widgets. The market for widgets has been stable. WRU
has had a functional organization design with four departments: accounting, sales,
production, and engineering. This design has served the company well, and it has been able to
compete by being the low-priced company in the industry. However, the demand for widgets
is high in the market but the company was unable to maintain the successful run in the highly
competitive market. The average life cycle of a newly released widget is 12–15 months.
Unfortunately, WRU is finding itself unable to compete successfully in this new, dynamic
market. The CEO has noted a number of problems. Products are slow to market and
organization is facing many issues that affecting the business. The major issues that
organization has involve poor communication, negative market position and performance.
The report will focus on the development of project management plan for WRU to increase
the market activities and overcome the issues that cause problems. The report will analyze
different tools and techniques for managing project activities to gain the competitive
advantage. It will discuss project concept, feasibility analysis, stakeholder management and
scheduling. Moreover, the report will provide information about risk management tools and
approaches that would be used for quality management.
2. EVALUATION OF ALTERNATIVE
Project management is the practices of initiating, planning, executing, monitoring and
closing the work of a team that helps to achieve the specific goals and meets specific success
criteria at the specified time. There are different types of tools and techniques are available
for managing the project and implementing the changes in existing organizational approach
to add more value and improve the effectiveness. The organizations are undertaking project
management tools and techniques according to their needs and requirements. For WRU
organization use of project management tools and techniques is essential for maintaining the
flow of information and craft improvement in the market position. The consideration of
project management will be essential and helpful for organization to define a plan and
organizes chaos, enforce and encourage the teamwork, maximize the resources and control
the cost (Kerzner and Kerzner, 2017). The project management approach and tools will help
WRU to develop a clear path from start to finish the actions that could help to meet the goals
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