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Deliverable Length:750 WordsAssignment Objectives:Apply project management tools and techniques to all phases of the project or program life cycle, with special focus on risk and quality management, stakeholder management, and other key areas as determined by the instructor.Integrate and utilize key concepts and knowledge from prior courses in the students’ project management program and general management courses.Integrate project activities and resources across projects within a program and/or across programs.Assignment Details:Continue using the Project Charter/Project Management Plan template that you previously submitted, and add the new pertinent information for the following sections: Work Breakdown Structure (WBS), Project Schedule, Budget, Communications Matrix, and Risk Matrix. Based on the project charter that you developed in Unit 1, you will now proceed with your project planning. You have determined that you need to define the scope and complete your work breakdown structure (WBS) to the lowest level work package, which will help you develop the activities for the project schedule. You will also determine the overall project budget and plan the communications within the project. You will identify risks that may affect the project. The requirements for this section are as follows:Define the scope: Determine what the project objective will be, and define the scope of the project. Create the WBS: Start with the high-level deliverable, and add the lower level elements to include the lowest level work package. Develop the project schedule: Based on the work packages, determine the activities for the project schedule, and add planned beginning and end dates for the activities. You should have a minimum of 10 activities. Determine the budget: Using the WBS and project schedule, determine the overall project budget. Include major categories such as materials, labor, and other expenses. Plan communications: Using the stakeholders you identified in the project charter, create a matrix to show the plan for communicating with these stakeholders. Include each stakeholders name, the content to be communicated, the frequency of communication, and the method. Identify risks: Additionally, identify the risks that are associated with the project. Include both threats and improvement opportunities. Be sure to properly check your submission for grammar, spelling, and the correct usage of words in context.Previous assignment will be attached for reference pm665_template_unit_1.docx Unformatted Attachment Preview 1 PM665 Project Management Capstone Project Charter/Project Management Plan Web Development 2 Table of Contents Table of Contents ............................................................................................................................ 2 1.0 Project Initiating........................................................................................................................ 3 1.1 Project Charter ...................................................................................................................... 3 1.1.1 Justifying the Project.......................................................................................................... 3 1.1.2 Aligning the Project to the Organizational Strategy .......................................................... 4 1.1.3 Identification of Stakeholders ............................................................................................ 5 2.0 Project Planning ........................................................................................................................ 7 2.1 Defining the Scope ................................................................................................................ 7 2.2 Work Breakdown Structure .................................................................................................. 7 2.3 Project Schedule.................................................................................................................... 7 2.4 Project Budget ....................................................................................................................... 7 2.5 Communications Matrix ....................................................................................................... 7 2.6 Risk Identification ................................................................................................................. 7 3.0 Project Executing ...................................................................................................................... 8 3.1 Quality Assurance Tools and Techniques............................................................................. 8 3.2 Managing the Project Team .................................................................................................. 8 3.3 Procurements......................................................................................................................... 8 3.4 Managing Stakeholder Engagement ..................................................................................... 8 4.0 Project Monitoring and Controlling .......................................................................................... 9 4.1 Cost Control .......................................................................................................................... 9 4.2 Risk Control .......................................................................................................................... 9 5.0 Project Closing ........................................................................................................................ 10 5.1 Project Finalization ............................................................................................................. 10 5.2 Closing Procurements ......................................................................................................... 10 6.0 Program Management and Emerging Trends ......................................................................... 11 6.1 Letter to Senior Management.............................................................................................. 11 6.2 Program Management ......................................................................................................... 11 6.3 Emerging Trends ................................................................................................................. 11 References ..................................................................................................................................... 12 Appendix ....................................................................................................................................... 13 3 1.0 Project Initiating 1.1 Project Charter An example of a project that was based on my previous work experience was on Web Development. The project focused on updating XYZ.com, redesigning XYZ’s website in order to accompany branding re launch, optimizing websites and converting Flash-based navigation systems. Part of the project involved building websites, which tend to champion organizational services and brands whereas my work specifically depended on wider web analytics processes in tracking site productivity (Roeder, 2013). Furthermore, the project focused on complex information that bases on projects’ scopes, technologies, budgets, and timeframes while providing continuous updates that would ensure timely executions, especially on the project deliverables. 1.1.1 Justifying the Project In justifying the need for the project, it is easy to state that web designing as part of the project remains essential especially in gathering high-level findings, which are statistically backed within the website. Organizations are mostly fascinated by research that is related to their customers. Therefore, the project, in this case, provides an almost perfect platform that will help the company to garner data, which provides insights on ways in which it can reach its target audience needs (Eskerod & Lund, 2013). Through the project, the company can simply develop surveys through other platforms including the Survey Monkey. In the end, the company can disseminate it across other social platforms and emails in getting adequate data. 4 While it is easy for the organization to assume it somehow knows its audience, such an assumption can be misleading to the company. Therefore, the need to develop the website seems justified since it will also allow the company to conduct its research before engaging in new initiatives. In other words, web development gives the company a supporting quantitative data, which leaves the organization with truthful and unbiased results that it can in the future especially during its decision-making processes. Such information can assist the company in planning its web development strategic plan. 1.1.2 Aligning the Project to the Organizational Strategy When designing a web as part of the organizational project, in most cases, it is easy to concentrate on making it appealingly attractive while overlooking the fact that the website design must adhere to the company’s strategic plan. Like any other project within an organization, the project relates to the company’s strategic plan. The company’s strategic plan focuses on envisioning a funnel, which tends to reflect how customers go through the various decisionmaking processes (Roeder, 2013). An important strategic plan in line with the organization is its marketing strategy, which remains important to the attainment or rather the success of the web project. The strategic plan, in this case, helps in identifying the company’s objectives and determining the tactics, it needs while seeking to accomplish them. An extensive analysis of the modest landscape remains imperious especially to the success of the organizational project thus from a design and strategy perspective. Designing the web perfectly fits into the company’s strategic plan as the platform and the framework are both used to ease consumers into the company. Normally, the company prefers 5 using its strategic plan to entice its target audience (Eskerod & Lund, 2013). However, the web design makes the process less challenging given that the customers or rather the company’s target audience can simply use the platform to gain access to the company. In other words, both aspects tend to affluence customers into the buying process. The uppermost of the funnel tends to exemplify the informational stage in line with the buying process. 1.1.3 Identification of Stakeholders Cross-departmental collaboration with stakeholders during the project remains important. Typically, stakeholders and strategists will work together throughout the project to ensure that it ends perfectly. To fulfill the strategic business desires, the project will comprise of various stakeholders including the external and the internal stakeholders. Internal Stakeholders will include the project team, management, internal customers and sponsors. The management will basically oversee the project within the company and will be assisted by the project team. Team managers will also be involved in the process (Roeder, 2013). The fact that the company will be sponsoring the project, the management will give the green light towards the project whereas the project manager will sign the project charter. External Stakeholders are individuals that are not involved directly during the project. However, they are engaged from outside given that they tend to be affected to some extent by the project. Examples of external stakeholders include suppliers, the media, subcontractors and the local communities (Roeder, 2013). The media plays an essential in sensitizing the project to the community. The government is also part of the external stakeholders and has some say in the project. 6 References Eskerod, P., & Lund, J. A. (2013). Project stakeholder management. Burlington, VT: Gower. Roeder, T. (2013). Managing project stakeholders: Building a foundation to achieve project goals. Hoboken, N.J: Wiley. 7 2.0 Project Planning 2.1 Defining the Scope 2.2 Work Breakdown Structure 2.3 Project Schedule 2.4 Project Budget 2.5 Communications Matrix 2.6 Risk Identification 8 3.0 Project Executing 3.1 Quality Assurance Tools and Techniques 3.2 Managing the Project Team 3.3 Procurements 3.4 Managing Stakeholder Engagement 9 4.0 Project Monitoring and Controlling 4.1 Cost Control 4.2 Risk Control 10 5.0 Project Closing 5.1 Project Finalization 5.2 Closing Procurements 11 6.0 Program Management and Emerging Trends 6.1 Letter to Senior Management 6.2 Program Management 6.3 Emerging Trends 12 References Project Management Institute. (2013a). The standard for program management (3rd ed.). [VitalSource version]. Retrieved from https://online.vitalsource.com/#/books/9781935589839/cfi/6/2!/4/2@0:13.5 Project Management Institute. (2013b). A guide to the project management body of knowledge (PMBOK guide) (5th ed.). [VitalSource version]. Retrieved from https://online.vitalsource.com/#/books/9781935589815/cfi/6/4!/4/2@0:94.1 13 Appendix Each Appendix appears on its own page. ... Purchase answer to see full attachment