Woolong Company Product Development

Anonymous
timer Asked: Feb 2nd, 2019
account_balance_wallet $15

Question Description

The 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?

Present your findings as a Word document of 4–5 pages (not including title and reference pages) formatted in APA style.

Tutor Answer

Dr_Bestwriter
School: UC Berkeley

Here it is. I have removed the questions, and added references in APA as per your request.Thanks!Still, you can reach me should you need anything.

Running Head: PRODUCT DEVELOPMENT

Product Development
Name
Institution

1

PRODUCT DEVELOPMENT

2
Product Development

Project Stakeholders
The project has various stakeholders, some who are internal while others are external.
The internal stakeholders include the research and design department, who are responsible for
the actual design of the product, the marketing department who are involved in the design of the
product to ensure that it is marketable. Furthermore, management is also a stakeholder since it
developed the overall strategy for the development of the product, and will be updated regularly
about the progress that is made. The sales team will provide the designers with the country and
regional specific product requirements. External stakeholders include the customer, whose the
new product targets. Additionally, government and regulatory authorities will also be
stakeholders since they will certify that the new product meets regulatory requirements (Stark,
2015). Other external stakeholders include suppliers and subcontractors, who will supply
Woolong with materials or services for the development of the new product.
Project Sponsor
The project sponsor needs to be Woolong's sales manager. She or she may know
consumer requirements better; hence he or she will determine whether the delivered products
meet the expectations of the consumers, which will determine if the product is a success.

Skills that the Project Manager Needs for Various Phases

During the idea phase, the project manager needs to have an understanding of the market,
which will contribute to the design of a product that meets the requirements of the consumers.
Furthermore, he or she needs to be creative. At the res...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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