Question

Woolong Company produces high-end vacuum cleaners and has hired you to oversee the development and release of their latest product. A preliminary project initiation meeting will result in the identification of the project sponsor, selection of a project manager, and creation of the project charter. A manager in the production department who knows you are taking a college project management course asks you to prepare a report to help them prepare for the meeting by answering the following questions:

Who are the project stakeholders? How will they be involved in the project?

Whom should the project sponsor be? Why?

What skills and experience are likely needed by the project manager for each phase in the project life cycle, and how do these skills and experiences differ between the various phases?

What kind of roles and responsibilities should the key stakeholders have? Discuss at least 4–5 different kinds of stakeholders.

How should they communicate to different stakeholders during the project?

What information should be shared with the project stakeholders?

What is the mechanism that could be used for each type of information?

What is the frequency with which information should be shared?

What should be done if project communications are not proving to be effective?

What technology could be used for project communications?

At what point could communication about the project become an ethical or legal issue?

What are the best ways to manage project risks as well as opportunities during project execution?

How do they update and analyze old risks as well as new risks while undertaking the project?

What business opportunity might project completion create?

What is the potential financial impact of the project?

What are the expected results of the project?

What value will the project add?

What is the potential impact to the company if the project is not finished well?

Answer 1

NOTE-As per Chegg guidelines I can solve only four Question please post other questions separately. thanks

Answer1:

The project stakeholders are somebody, group, or organization that will be littered with the activity or outcome of the project [Pro17]. For Woolong Company this is able to be the manager management, mid-level management, the workers that might produce the merchandise, and any shareholders that might make the most of the merchandise. The manager management would be involved in the project by approving the resources that might be required.

Answer2:

The project sponsor can be an individual inside Woolong Company that a high enough position to be ready to take the desired actions that are required as project sponsors. The project sponsor ought to be a private that may discuss the desired funding for the project. They must be the voice for the project and be the interpreter once communication to govt management. The person can provide direction and steerage for the project to confirm success. The sponsor ought to be ready to determine and manage the project advantages pro re nata. They’ll be ready to be a part of the initial designing for the project, making the project charter, and also the project scope. They have to be compelled to be liable for negotiating with the stakeholders and can want a powerful enough temperament to try and do this. They’ll be ready to deal with changes that will happen throughout the project’s schedules and tasks. The sponsor will be ready to involve the stakeholders within the project once acceptable to confirm that they still support the project. Last, the sponsor can be ready to appraise the amount of the project's success once completed.

Answer3:

The project manager is anticipated to own skills relating to project management, technical data, and skill [Pro17]. Throughout the project initiation, the project manager should be ready to analyze and collect the required data regarding the customer [Pro17]. They have to be ready to communicate with many alternative forms of individuals and personalities throughout the opposite part of the project, however, the groundwork should be set out with success within the initial part. Throughout the design part, the project manager can have leadership skills so as to map the trail that the team is taking. They’ll still want communication skills, however, they additionally want budgeting skills so as to be ready to produce the price management arrange for the project [Pro17]. The execution part continues to use the previous skills from the opposite phases; however, they'll additionally want the project management data skills and also the technical data skills. They will additionally bear in mind quality management skills. The project closure part would require the project manager to own another set of skills that will be accustomed to verify that the project was completed. The project manager can outright to collect knowledge and build reports showing the results of the project and its advantages.

Answer4:

The project stakeholders are somebody, group, or organization that will be littered with the activity or outcome of the project [Pro17]. Every neutral contains a totally different perform in however they assist with the project. The project sponsor is probably going to the senior manager and is answerable for the project. They’re liable for the project. The project manager is accountable for constructing certain that the project is running swimmingly and is ready to figure through potential risks and problems. Senior Management, apart from the project manager, has the role of influencing the project. These managers typically have an unconditional interest within the outcome of the project. Project team members are the stakeholders that job directly on the project from beginning to end. They’re endowed in ensuring that the work is completed on time and properly. Project vendors have the role of providing the project with the materials wants for the project. They’re stakeholders within the project as they'll gain profits from the materials being equipped. The last project recipients are stakeholders United Nations agency can find you with the ultimate product. They have to provide steerage on what's required of the project and its final product. These recipients will my internal or external to the corporate.