The purpose of this project is to shift to manufacturing of motorcycles. Introducing this to the market will enhance broader market for the motorcycles. The project will also open up markets for the company abroad and as such will be an important course for the company. The management of the company as well as the stakeholders will together bring out the success that is expected of the project. The finances for the projected program will be allocated as well as having the right human resource that has the expertise and the competence required for the job. This will make the project to be a smooth sail. Employee safety will be paramount for this project and all measures will be put in place to bring out the best for their safety. All requirements for this project will be availed while the shortcomings will be addressed as the project proceeds from one stage to another.
The major aim of this project is to introduce a new thing in the market that will give customers an alternative. This project is to bring into focus new models of motorcycles on the market. The introduction of new products in the market would be a major milestone in the industry. This project is a noble project that would seek to broaden the customer base for the sake of customer maximization. The project would require massive resources to start and this would require very huge investments for this very project. In this regard the company would seek to have a well-structured program for the implementation of this project. Having a dedicated team with well-organized resources would see the project become a success. This project would also seek to offer employment to the members of the community as a corporate social responsibility initiative. This would make the people feel as though they are part of the project. This project is set to cost about 10 million dollars with a projected return on investment being doubled every financial year.
Project Management Plan:
The plan is considered to be a dynamic tool and will be updated monthly by default. Scheduled apprises will be paid on the first business day of the month. Notification on every update to the plan will be communicated through e-mail to all project stakeholders according to the communication plan. Once the proposed plan is done, a foundation of the plan will be created. Any change that is to be introduced would be based on the original foundation. The plan will only receive further considerations and improvements if significant change in scope occurs.
Having a work force that is competent and reliable will be a major factor in ensuring the success of the project. The management will therefore rely on the expertise and competence of the company engineers to ensure the best is achieved while maintaining the experienced workforce. The company will also seek to recruit new people in the event that the job becomes enormous for the present workers. In this project the comfort and safety of the workforce will be a major concern for the management. Motivation for the workers will also be enhanced. Apart from the technical team that would largely involve the engineers and other technical staff, the company would also rely on the executive staff.
This would include the managers from the top-level management to the middle level managers. An organized workforce would be paramount in delivering on the set goals for the new project. Both skilled and unskilled human resource would be needed for this project, as it would require high technical competence as well as the informal competencies.
Team Building Strategies:
One of the strategies for this project would be for every leader in each department. Not all beings can be a leader and not everyone can be in a leadership position. One person would be chosen from among the staff to act some role. The person chosen to lead must have the consent of the people and be one who can get along well with the people. This would ensure that the people are cooperative and well submitted to authority. This would bring about a harmonious working system that would in turn boost production (Dyer, 2013).
The goals of the company must be made aware to everyone. Defining the goals to everyone would be a key strategy to team building. When people work towards a common goal, they have something that pulls them together. A clear definition of the company goals would ensure that the people have something in common for them. Many projects fail because the people involved have no shared vision. When the people are aware, they own the project and know what they are working towards. This brings the people together thus production would be bolstered through this strategy.
Another team building strategy for this project would be to put those with similar skills in one group. When people with similar competencies are placed together, they have a healthy working condition because they understand what they are supposed to do. Commitment from every individual is also an important team building strategy (Dyer, 2013). This would make sure that the people are in support of the project and ready to have it succeed. This would by far increase production levels in a major way. The last strategy to be employed in this project would be to encourage people to work as a team. This would be important to ensure that the teams have a wonderful time in taking up their operations. When the employees urge one another on it become a collective agenda push thus it makes it easier to deliver on the goals thus achieving the objectives (Dyer, 2013).
Project Manager Role:
The project manager will provide the leadership needed for the general completion of the project. The manager would be the chief accounting personnel and would also be charged with the responsibility of coming up with a project charter. Would also be involved in managing and developing the project and managing the work plan, while looking for appropriate resources and allocating duties to different people. He or She would also be instrumental in ensuring successful completion of the project. All project team members would report to the project manager. The project manager would also handle all management issues related to the project. Would also be responsible for all phases linked to project sponsors and owners and will be by all standards accountable for the project. For this project, one trait that would be looked for in having a good manager best for this project would be one who has natural leadership traits (Ramroth, 2006). The ideal manager should be able to command authority and be the one who can be quick inaccurate decision-making. The manager should be likable to all though maintaining the strict leadership principles.
Secondly, is that the project manager suitable for this project would be one who has technical competence as well as management skills. A should also be very familiar with such a project to the extent that he or she is able to contribute immensely to the project through past experiences. Moreover the manager should have worked in a similar capacity and must have made an impact in a past project. Another characteristic looked for in the project manager would be one who can get along with people well with any biasness (Ramroth, 2006). The project should be one who is able get the information of whatever sought and use it for the betterment and not for victimization of whatever sought. This would make the manager be an effective leader. For the project to be a success, the leadership of the company in charge of the project should be one who is a leader in all standards with excellent competencies.
Critical paths are important in the sense that it shows everything that is supposed to be done and the amount of resources that is to be allocated for each task. In a project, there are tasks that are highly prioritized and as such resource allocation is based on priority and on need basis. This is an important tool that helps the top managers or anyone in project management to plan for projects that are complex in nature, and those that involve a number of tasks. This tool is essential for this project, as it will not also help in the production unit. The network will paint a picture of where the resources need to be focused on to ensure there is no unnecessary spending. Manufacturing is not an easy affair.
There needs to be a breakdown of the production into units that are manageable. This will ensure efficiency and accuracy in the production unit. In addition, the network analysis tool will aid in analyzing the production criteria and the adjustments that need to be made to ensure that there is production only for the intended purpose. This will be key to the achievement of the proposals of the project that will also be an advantage to the company, as this will ensure maximum returns.
Work Breakdown Structure:
This is a very important tool in project management. It has got key elements that inform decisions in a project. The key elements in this case are individual tasks in a project. The work breakdown structure is ever in graphics and this makes it easy to analyze and interpret. The project is able to give predictions on the outcome.
The pricing elements for this project would be to employ the pricing strategies. In effect, this would help in coming up with prices that would be the best fit for the market. In this regard, there would be skimming and penetration used for this project (Smith, 2012). Through different market surveys for the motorcycles, the marketing team would come up with pricing units favorable for this venture. The best market prices would be arrived at after thorough market survey based on the prices.
The aim of every business is to maximize on returns and while employing the least amount of resources. For this project, cutting on cost would be very necessary to ensure that there are no wasteful expenditures. To achieve this, there would be clear outlines on how to spend. This would be based on priorities and need. No wasteful spending would be allowed. This would reduce the costs while maximizing on the returns (Govindarajan, 2008).
Work Breakdown structure:
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Govindarajan, Shank. (2008). Strategic Cost Management: The New Tool for Competitive
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Ramroth, W. G. (2006). Project management for design professionals. Chicago: Kaplan Pub.
Smith, T. J. (2012). Pricing strategy: Setting price levels, managing price discounts, & establishing price structures. Mason, Oh: Southwestern Cengage Learning.