TITLE:PROJECT INTEGRATION MANAGEMENT
INSTRUCTOR:
COURSETITLE:
PART1
Discount rate 9% | Assume the project is completed in year 1 | |||||
Year | 1 | 2 | 3 | 4 | Totals | |
Benefits | 0 | 100,000 | 100,000 | 100,000 | ||
Discount factor | 0.92 | 0.84 | 0.77 | 0.71 | ||
Discounted Benefits | 0 | 84,000 | 77,000 | 71,000 | 232,000 | |
Costs | 200,000 | 30,000 | 30,000 | 30,000 | ||
Discount factor | 0.92 | 0.84 | 0.77 | 0.71 | ||
Discounted Costs | 184,000 | 25,200 | 23,100 | 21,300 | 253,600 | |
Discounted net benefits | (184,000) | 58,800 | 53,900 | 49,700 | (21,600) | NPV |
Cumulative net benefits | (184,000) | (125,200) | (71,300) | (21,600) | ||
ROI | 1.25% | |||||
Payback period is beyond the 4 years of operation | ||||||
Discountfactor = r is the discount rate and t is time period t = 0 1 2 3 and 4
NPV=
ROI=
SinceNPV is less than zero I would recommend that we do not take up theproject. Return on investment is also too low while the paybackperiod is not within the first four years of operation.
PART3
PROJECTINTEGRATION MANAGEMENT
Integrationmanagement ensures that various essential elements of a project areeffectively coordinated. It focuses on making trade-offs amongvarious competing goals and alternatives to meet the expectedcustomer satisfaction. There are various skills and attributes that aperson needs to be a good manager in this aspect. These includes:Willingness to make trade-offs. It is not possible for everyone toget what they want. A good manager need to consider urgency of issuesand prioritise the most urgent cases. Ability to create a plan ofattack. Identifying the strategies needed to execute, manage andcontrol a project effectively. Delegation skills as communication andrelationship skills.
APROJECT CHARTER FOR A WEB DEVELOPMENT PROJECT
PROJECT CHARTER | |||||
PROJECT NAME | AREAS OF FOCUS | ||||
Web Development Project | 4th July 2016 | Provision of information about the company, its products and services its people and its contacts | |||
BUSINESS CASE | SCOPE | ||||
The website is expected to market the company online by providing vital information about the company, its products and services | IN SCOPE | OUT OF SCOPE | |||
About us ( Contacts, products, services, vision and mission) Chat room Bulletin board | Financial records Information about other companies | ||||
PROJECT GOALS | KEY DELIVERABLES | ||||
Advertise the company domestically and globally Be able to solve consumer problems in a very short time Present the company online effectively Increase the company’s market share by a half Provide a platform where all stakeholders can interact and share ideas Create a platform for posting all events and news | The project is expected to keep consumer abreast of new products and services and market old products. Provide all affected parties with a platform where they can air their views and grievances. Present the company online. | ||||
ASSUMPTION | CONSTRAINTS | TEAM MEMBERS | |||
All employees will support the project | Inadequate funds Mismanagement | ROLE | |||
Delanie Arjen Jasper Candice | Project manager IT Specialist Marketing officer R&D Leader | ||||
BUSINESS IMPACT | SUMMARY OF PROJECT STATUS | ||||
The project is expected to increase the company’s market share by over 40% and increase profits by the same amount. | Start date Expected end date Amount invested | 7th July 2016 30th July 2016 $ 500 | |||
SPONSOR’S APPROVAL | DATE OF APPROVAL | ||||
James Cryer | xx/xx/xx | ||||