Description
What would you do?
Research the "Coolest Cooler" from Kickstarter, using the links provided and any other resources, and provide your insight.
What did the project manager of this cooler do wrong?
What would you have done differently?
What risks and issues should have been caught?
How would you have planned for the schedule and budget?
If this were your product, what action would you take now?
https://mashable.com/2016/04/16/coolest-cooler-mon...
Explanation & Answer
Thank you so much
Running head: Project & business management
Project & business management:
Name:
Institution affiliation
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Project & business management
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In every project the, the project manager should plan on how to execute the project so as
to ensure that every aspect of the project ends up being accomplished fully. Additionally, by
planning the project manager will be able to identify possible risks as well as issues that he/she
may end up encountering during the execution phase, thereby, enabling him/her to come up with
a contingency plan highlighting mitigation measures for any in eventualities that may be
encountered. In simple terms, project management entails applying skills, tools, knowledge as
well as techniques onto project activities so as to meet the requirements of a given project. There
are several principles of project management that every project manager should adhere to when
he or she intends to successfully execute the project.
The coolest cooler project whose end goal was to come up with a party cooler with
Bluetooth speakers, a blender as well as a USB charge failed since the project manager failed to
plan for the project. Lack of planning is evident in the way the project was executed without a
proper schedule as well as a budget estimate that was lower than the actual cost of the project. .
Lack of a proper schedule resulted in two thir...