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Project Initiaton

Good Essays

You are a manager at Winsome Manufacturing Company, a company that produces plastic storage containers and sells them to the home consumer through home sales events. At the company’s quarterly meeting, the head of marketing described a new product to be introduced in the first quarter of the next fiscal year, approximately nine months from now. The product will be a room-sized plastic storage unit suitable to the outside of the home; it is similar to a competitor’s product but will have significantly more features. This product will open new markets for the sales channel, lay the foundation for add-on products, and generate new revenues. You have only seen preliminary sketches of the potential product but are very excited by the new …show more content…

The project stakeholders for this project are the people with an interest to make money off the product by putting money into the idea phase of the product. These stakeholders involvement will mostly be financial to get the product advertised to the public, they may also want a say in the design of the product since fresh ideas are always welcomed. A sponsor of the product will provide the financial resources for the project and champions the product. They will also serve as the spokesperson for the project, lead the project through the selection process, play a role in the initial development, and serve as a growth path. They can also be involved in authorizing change, reviews, and high risks decisions (A Guide, 2008). The sponsor of this product should be someone from the marketing department since they would know where to find the resources to back the project and how to talk to the project manager and the upper management team about the project. A project manager is assigned to achieve the project goals by the organization, usually from the Project Management Office. They have many responsibilities and priorities. A project manager is required to be flexible, have solid knowledge of project management practices and strong leadership and negotiating skills, and have good judgment. The details of the project and the overall project perspectives should be understood by the project manager, who is also responsible

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