TITLE:PROJECT INTEGRATION MANAGEMENT
Discount rate 9%
Assume the project is completed in year 1
Discounted net benefits
Cumulative net benefits
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
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.
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
AREAS OF FOCUS
Web Development Project
4th July 2016
Provision of information about the company, its products and services its people and its contacts
The website is expected to market the company online by providing vital information about the company, its products and services
OUT OF SCOPE
About us ( Contacts, products, services, vision and mission)
Information about other companies
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.
All employees will support the project
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.
Expected end date
7th July 2016
30th July 2016
DATE OF APPROVAL