M802 PROJECT DEVELOPMENT, PLANNING AND MANAGEMENT 

In this assignment, Company X, a leading technology firm, is planning to launch a revolutionary new product in the market. The product, a cutting-edge smartphone with advanced features, is expected to revolutionize the industry. As the project manager, you have been tasked with overseeing the entire project from planning to execution and launch. Your goal is to ensure that the product is delivered on time, within budget, and meets the quality standards expected by the company and its customers. Adherence to the provided guidelines is imperative to ensure clarity, coherence, and academic rigor in responses.

ASSESSMENT CRITERIA
The wordcount should be between 2,000 to 3,000 words (excluding footnotes).

ASSIGNMENT QUESTIONS
♥ Define the project scope, objectives, and stakeholders.

Actions:

• Meet with key stakeholders to discuss project objectives, expectations, and success criteria.
• Conduct a feasibility study to assess the technical, financial, and market viability of the project.
• Define the project scope, including deliverables, timelines, and budget constraints.
• Develop a project charter outlining the purpose, objectives, and responsibilities of the project team.

♥ Develop a comprehensive project plan that outlines tasks, timelines, resources, and risks.

Actions:

• Create a Work Breakdown Structure (WBS) to break down the project into manageable tasks.
• Develop a project schedule using tools like Gantt charts to allocate resources and set timelines.
• Identify and allocate resources required for the project, including personnel, technology, and budget.
• Conduct risk analysis to identify potential threats and develop mitigation strategies.
• Establish communication channels and protocols to ensure effective collaboration among team members and stakeholders.
• Develop quality assurance processes to monitor and evaluate the product throughout its development.

♥ Implement the project plan and deliver the product according to specifications.

Actions:

• Assign tasks to team members based on their skills and expertise.
• Conduct regular progress meetings to track project milestones and address any issues or concerns.
• Monitor resource utilization and adjust allocation as necessary to ensure project progress.
• Implement quality control measures to verify that the product meets the defined standards.
• Communicate progress updates to stakeholders and solicit feedback to ensure alignment with expectations.

♥ Monitor project performance and make adjustments as needed to ensure successful completion.

Actions:

• Continuously monitor project metrics, including budget, schedule, and quality indicators.
• Compare actual progress against the planned objectives and adjust the project plan as necessary.
• Address any issues or risks that arise during the project promptly to prevent delays or cost overruns.
• Conduct regular reviews with stakeholders to assess satisfaction and make necessary adjustments.
• Implement change control procedures to manage any modifications to the project scope or requirements.