Develop a Project Charter, using the provided Project Management Plan template, based on Cosmo, Inc., a leading company in the development and distribution of wearable technology products, or your own selected business.
Fill out the following section on the template uploaded below.
Business Need. Briefly describe the business need for Cosmo, Inc. or your selected business. Indicate how this will align with organizational strategic goals and objectives. Include quantitative information that supports the severity of the problem (performance metrics, costs metrics, customer satisfaction metrics, and so on). Project Objectives. Provide a brief statement regarding the implementation of the project, and then use bullet points regarding the major deliverables. Approach. Describe the business requirements for the project. How will the project be managed? For example, "This project will be managed in accordance with the PMI approach as modified." Provide specific tools or techniques that will be utilized per project phase. Assumptions. Explain project assumptions. For example, it is assumed that the budget will be available to support the project and will require no update. Constraints. Explain project constraints. For example, the resources for the project may not be available as needed, and alternative solutions may be required. Provide mitigating strategies for each constraint. Dependencies. Explain project dependencies. For example, this project is dependent on the construction feasibility project (name) to be completed before this project can proceed. Provide mitigating strategies for each dependency. Initial Risk Factors. Analyze initial risk factors to the project. Include the impacts and mitigating strategies. For example, city permit application and approval occurs once a month. This could delay the ground-breaking tasks. Mitigation: Request a special meeting with the city planning department to gain approvals. Regulatory Costs/Impacts. Analyze the impact of regulations and costs to the project. For example, SOX, HIPAA, GLB, SEC rules, local and state licensing, permits. Roles and Responsibilities. Explain who the project stakeholders are, their roles, and their responsibilities.