TITLE PROJECT INTEGRATION MANAGEMENT essay

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&ampD 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