Project Management Report: New Pine Species for ATC Company (PRM701)

This project management report analyzes the introduction of a new pine species at the Australian Tree Corp (ATC) company. The report details the project background, including the company's current challenges and the strategic alignment of the project with the goal of improving business conditions and attracting new customers. The project objectives, deliverables, and milestones are clearly outlined. The report includes a project schedule with milestones, a work breakdown structure, and a comprehensive risk management plan. A detailed project budget is provided, along with a communication management plan to ensure effective information flow among stakeholders. Finally, recommendations are made for successful project implementation. The project aims to enhance ATC's profitability and market position through the introduction of a new pine species.

Running head: PROJECT MANAGEMENT
Project management: ATC Company
Name of the Student
Name of the university
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
1. Project background......................................................................................................................2
1.1 Background............................................................................................................................2
1.2 Project goal............................................................................................................................2
1.3 Project objective....................................................................................................................3
1.4 Project deliverable.................................................................................................................3
1.5 Strategic alignment of the project..........................................................................................3
2. Project schedule...........................................................................................................................4
2.1 Milestones..............................................................................................................................4
2.2 Project requirements..............................................................................................................5
2.2 Limits and exclusions............................................................................................................5
2.3 Work breakdown structure....................................................................................................6
3. Risk management.........................................................................................................................7
4. Project budget..............................................................................................................................9
5. Communication management plan............................................................................................12
6. Recommendations......................................................................................................................17
Bibliography..................................................................................................................................18

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1. Project background
1.1 Background
The main focus of the paper on the Australian Tree Corp company that generally owns
different types of varied estates within the Western Australia. The holdings of the organization
generally include 200,000 ha of the land as they generally harvest different types of tree within
the cycle of around 10,000 ha per year. It is found the organization is generally providing
different types of efforts in order to adopt different types of practices that are helpful in making
the business procedures of the organization proper as well as appropriate. In the present year, it is
identified that the organization is generally facing a number of struggles in order meet the needs
as well as requirements of the entire company as a number of natural disasters generally hit the
area. This generally has prompted the management team of the organization to discuss the
environmental challenges as well as for successfully learning about the different types of trees
vulnerabilities. However, in order to improve the business condition of ATC, the management of
the organization wants to introduce a new species of the pine trees with the help of which, the
organization make other types of products which will attract a greater number of customers as
well as also helps in improving the current business of the entire organization.
1.2 Project goal
The main goal of the project is introducing the new species of the pine trees so that with
the help of this business strategy, the organization will be able to improve the business
conditions of ATC in the market and will be able to attract new customers for increasing the
profitability of the organization.

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1.3 Project objective
The main objective of the project is:
 To introduce new species of pine trees
 To improve the entire business conditions of the organization
 To attract the customers of the customers
1.4 Project deliverable
 Project report
 Project charter
 Status as well as progress report of the project
 Quality management report
 Training manual
 Risk analysis report
1.5 Strategic alignment of the project
It is found that in order to improve the accountability related issues in context to
maintenance ratio of the tress that are generally grow grown as well as sale, the organization has
generally taken the initiative of growing their own tress with the help of breeding program. With
the help of this specific strategy, the company will generally able to grow various types genetic
as well as specifies of the tress which will further enhance the yield by 20%. Can This further
can be helpful for the ATC for successfully developing their accountability-based performances
by selling more quality related logs as well as wood products within the minimum tree period for
the sustainable business growth. In addition to this, the harvesting issue that is generally faced by
the organization can generally get reduced with the help of the initiated program of breeding that
will further helpful in enchanting the demand within the entire global market. Therefore, it can

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be analyzed that the breeding program-based initiative would generally helpful in enhancing the
efficiency that is generally based on the operation of ATC in order to successfully deliver the
exotic pine in a very much bulk amount that further has very much high demand within the entire
market. This approach is further needed in order to enhance the business profitability by
supplying different types of exotic trees at a very much minimum prices with the increment in
harvesting by 20%. Furthermore, it is found that the entire project is generally linked with the
planting exotic trees which would further helpful in providing proper opportunity to the ATC for
successfully negotiating with the different types of new contracts that are generally offered. This
particular strategy is considered to be very much beneficial for the organization for successfully
expanding their entire business operations for efficiently minimizing the traditional approach.
2. Project schedule
2.1 Milestones
Milestone Completion date
Milestone 1: Completion of initiation phase Tue 25-06-19
Milestone 2: Completion of planning phase Fri 05-07-19
Milestone 3: Completion of execution phase Wed 02-10-19
Milestone 4: Completion of closure phase Fri 18-10-19

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2.2 Project requirements
The various needs of the project include:
Human resources: The human resources which are linked with the project are listed below:
 Project manager
 Project planner
 HR manager
 Financial manager
 Marketing manager
 Supervisor
 Risk analyst
 Worker
 Business analyst
Additional requirements: The additional requirements that are needed including training
requirement, marketing plan as well as proper marketing strategy.
2.2 Limits and exclusions
The limits as well as exclusions which are linked with the introduction of the new species
are generally elaborated below:
 The suppliers are not included within this project plan that is developed
 The existing team members were not given the opportunity of attending training as well
as workshops

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 Additionally, the project should get accomplished within the presumed time and budget
otherwise issues like delay and budget overflow can generally needs to be handled by the
managers.
2.3 Work breakdown structure
Figure 1: Work breakdown structure
(Source: Created by Author)

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3. Risk management
Risk Description Impact Probability Mitigation
Delay Delay is one of
the major issues
that occurs if the
schedule of the
project is not
followed
properly and as a
result the project
will get
completed after
its completion
date that also
creates financial
burden on the
project manager.
High High From the initial
phase, the
project manager
needs to follow
the scope of the
project from the
initiation phase
so that the
chances of
slippage in the
schedule gets
avoided.
Improper
budget
If the finance
managers are
incapable of
managing the
project budget
then it further
High High The project
finance report
should be
managed from
the initiation
phase for

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causes finance
related
challenges
within the
project.
successfully
managing the
budget of the
project.
Inappropriate
marketing
If the
organization
does not do
proper
marketing then
the customers
will not be able
to know about
the new products
and the business
of ATC can get
hampered.
Medium Medium Proper
marketing
strategy should
be used by ATC
in order to
attract the
customers for
further
enhancing the
profitability of
the organization
Lack of
experienced
team members
If the projects
teams are not
experienced then
they generally
face a lot of
challenges I
Medium Medium For effective
management of
the entire
project, it is
necessary for the
HR mnager to

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successful
project
management.
hire experienced
team members
of the project for
successfully
managing the
project and for
finishing the
project within
the expected
budget.
4. Project budget
The table which is given below helps in suggesting that the project of introducing new
species of pine by the organization “ATC” will generally get accomplished b using budget of
around $77,680. The table reflects the detailed project budget so that proper overview about the
expenditure within the project can be achieved.
WBS Task Name Duration Resource Names Cost
0
Introduction of new
pine species in ATC
101 days $ 77,680.00
1
Project initiation
phase
18 days $ 7,720.00
1.1
Analyzing the
business conditions
4 days Project manager $ 1,600.00

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1.2
Determining the
solutions
3 days
Business analyst, Project
manager
$ 2,160.00
1.3
Analyzing the
feasibility of the solutions
4 days Financial manager $ 1,280.00
1.4
Developing the
project charter
4 days Project manager $ 1,600.00
1.5
Appointment of the
team members
3 days HR manager $ 1,080.00
1.6
Milestone 1:
Completion of initiation
phase
0 days $ 0.00
2 Planning phase 15 days $ 8,160.00
2.1
Making plan for the
entire project
5 days Project planner $ 1,800.00
2.2
Development of
financial plan
4 days Financial manager $ 1,280.00
2.3 Quality plan 5 days HR manager $ 1,800.00
2.4
Risk management
plan
4 days Risk analyst $ 1,280.00
2.5 Communication plan 5 days Project manager $ 2,000.00
2.6 Milestone 2:
Completion of planning
0 days $ 0.00

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phase
3 Execution phase 59 days $ 55,920.00
3.1
Determining the
solutions
10 days Business analyst $ 3,200.00
3.2
Analyzing the
requirements needed
9 days Business analyst, Supervisor $ 5,760.00
3.3
Developing the
framework for the
introduction of nee
species
7 days
Marketing manager,
Additional cost[1]
$ 32,520.00
3.4
Undertaking breeding
program
8 days Worker $ 2,880.00
3.5
Developing
accountability
performance
8 days Financial manager $ 2,560.00
3.6
Delivering exotic pine
logs
9 days Worker, Supervisor $ 6,120.00
3.7
Developing products
with the new species of
trees
8 days Marketing manager $ 2,880.00
3.8 Milestone 3:
Completion of execution
0 days $ 0.00