Project Management Plan

Complete the Project Management Plan template, including the Executive Summary, Risk MThis
portfolio work project includes the submission of the Project Schedule and the completion of the
Project Management Plan template for the following components:
• Executive Summary.
o This is a brief description of the project’s purpose, main points, and
deliverables for upper management to understand how the project supports the
organization’s mission and goals.
• Risk Management Plan.
o This explains the intent of the risk management plan as it pertains to your
selected project.
• Project Quality Plan.
o This is the process and activities used in managing a project to ensure the
product, services, and results meet or exceed quality standards. This area includes
activities to review project requirements.
• Project Close and Lessons Learned.
o This provides an area to reflect on project standards and best practices. What are
the top three lessons you’ve learned to apply to your work?
• For this assessment, choose either Option A or Option B. You do not need to do
both.
• Option A: Use Cosmo, Inc. to complete the final four sections of your project
management plan and project schedule. Refer to the Cosmo, Inc. Business
Case Download Cosmo, Inc. Business Case document for more information.
• Option B: Use a project from your own organization to complete the final four
sections of your project management plan and project schedule.
Cosmo, Inc.
Cosmo, Inc. is a leader in the development and distribution of wearable technology,
including
fitness coaching, nutritional coaching, and lifestyle advising products. The company
holds a 33-
percent market share in the wearable technology category. After doing marketing
analysis,
senior leadership realizes the onset of competition could negatively impact future
earnings.
CEO and President Harold Living tells his leadership Cosmo, Inc. needs a new
marketing
strategy to not only increase market share but to maintain current levels. Based on
data
analytics, Cosmo decides to incorporate technology trends into the company’s
strategic
marketing, including:
• Internet of Things (IoT).
• Digital services.
• Data analytics.
• The mobile technology movement.
Living selects a task force to review Cosmo, Inc. and their competitors’ data analytic
reports to
recommend a new strategy.
Customer Demographics
Demographics include but are not limited to:
• Ages 25–50.
• College educated.
• Annual income greater than $75,000.
• Residents in cities with population greater than 500,000.
• Technology savvy.
• Utilize mobile technology at work and home.
• Utilize Cloud technology at work and home.
Marketing Campaign Strategy Objectives
The campaign’s goals are as follows:
• Develop a marketing campaign strategy to increase production of wearable
technology
by 25 percent.
• Increase customer base by 20 percent by identifying unknown customer
segmentations
based on age, demographics, income, education, and technology.
• Utilize current technologies, including social media and data analytics, for
predictive
analytics to identify known and unknown customer segments.
• Become a leading competitor in wearable technologies.
• Become a leading competitor using trending technologies, including IoT, mobile
technology, and artificial intelligence applications.
Integrate technology into current ERP and Marketing systems to create an
improved
digital business of the future and to deliver and support products to improve the
customer experience and “mesh” embedded services of people, devices, and
content.
• Develop and implement a new process within the Customer Service department to
establish new-product support services.
• Meet current and future neutrality regulations.
Project Specifics
Details about the project include but are not limited to:
• Timeframe: 10 weeks.
• Budget: $150,000.
• Campaign length: 6 months.
• Measurement: Performance reports to be developed in order to monitor the
increase in
customers and customer satisfaction rates.
• Departments involved:
o Marketing.
o Finance.
o Information Technology.
o Customer Service.
As the project manager, you are responsible for creating a comprehensive Project Management
Plan and Project Schedule to guide your business stakeholders in their decision making and to
support a successful project implementation.
For Options A or B, use the Project Plan Template Download Project Plan Template to
develop the final sections indicated in the assessment Introduction for your
Project Management Plan. Include the following:
• Develop a comprehensive Executive Summary section including high-level
information including problem(s), solution(s), timeframe, budget, risks, et cetera.
• Develop a comprehensive Risk Management plan section that includes
introduction, risk legend, and risk matrix.
• Develop a comprehensive Quality Management plan section including information
on the tools and techniques for each process group.
• Describe the project’s success factors and lessons learned. In the Project Close and
Lessons Learned section, include a few postmortem best practices and the top
three lessons learned.
• Risk Management Plan (Assessment 4)
• Introduction:
•
• Risk Matrix
• Introduction and Legend (Intent):
•
•
•
•
Risk Description Probability
(L, M, H)
Impact
(L, M, H)
Risk Owner Risk Response
(Mitigation)
•
• Project Quality Plan (Assessment 4)
Introduction (Intent):
Plan Quality Management Processes:
• Inputs:
• Tools and Techniques:
• Outputs:
Manage Quality Assurance:
• Inputs:
• Tools and Techniques:
• Outputs:
Control Quality:
• Inputs:
• Tools and Techniques:
• Outputs:
Project Close and Lessons Learned (Assessment 4)
• Utilize the Project Management Plan Template.
• References: There is no set number of references required for this assessment.
Use scholarly or academic sources where applicable.
• Format:
o The Project Management Plan is a professional document and should
therefore follow the corresponding MBA Academic and Professional
Document Guidelines, including single-spaced paragraphs. Be sure to include
the link into the project schedule section of the plan’s template.
o Use APA style and format for references and in-text citations.
• Length: Utilize the template, including the title page and reference page.
The following resources support the Risk Management and Project Quality sections of
the Project Management Plan:
• Heagney, J. (2016). Fundamentals of project management (5th ed.). AMACOM.
o Chapter 6, “Creating the Project Risk and Communication Plans.”
• Lalonde, C., & Boiral, O. (2012). Managing risks through ISO 31000: A critical
analysis. Risk Management, 14(4), 272–300.
• Mazza, T., Azzali, S, & Fornaciari, L. (2014). Audit quality of outsourced information
technology controls. Managerial Auditing Journal, 29(9), 837–862.
• PMBOK® Guide.
o Part 1: Section 11, “Project Risk Management,” pages 395–458.
The following readings provide insight into this discussion on project management
certifications and training:
• Remer, D. S., & Ross, E. M. (2014). Review of project and engineering management
certifications offered by professional organizations. Engineering Management
Journal, 26(4), 3–12.
• The Project Management Institute. (n.d.). https://www.pmi.org/
• The Project Management Institute. (n.d.). Certified Associate in Project
Management (CAPM). https://www.pmi.org/certifications/types/certified-
associate-capm
• The Project Management Institute. (n.d.). PMI Agile Certified Practitioner (PMI-
ACP). https://www.pmi.org/certifications/types/agile-acp
• CompTIA. (n.d.). CompTIA Project+.
https://certification.comptia.org/certifications/project