Get your quality homework help now and stand out.Our professional writers are committed to excellence. We have trained the best scholars in different fields of study.Contact us now at premiumessays.net and place your order at affordable price done within set deadlines.We always have someone online ready to answer all your queries and take your requests.

1. Sample Essay on Project Management
Introduction
A successful preliminary project initiation meeting is one that facilitates
the identification of the sponsor of the project. The meeting also
provides the team with a platform from which they are able to
brainstorm and draft the project charter. At Winsome Manufacturing
Company, the project charter that will be obtained from this meeting
will include components of the setting of the project, problem
statement, and its underlying principle. The project charter of the
organization will also define the new business value that is expected
from the new product. Stakeholders for this product include all those
players with a stake in the operations of the project. These players
include sponsors, customers, the project administrator, the testers and
the development team. The stakeholders will be involved in the project
with planning, making sure that resources are available, and offering
insight on ways to promote the sustainability and competitiveness of
the products.
The head of the marketing department should be the plan sponsor. The
project sponsor is usually given the financial responsibility for the entire
project (Keller, 2009). He is also highly ranked in the organization so has
the ability of resolving any interdepartmental conflict. The head of
marketing will be better placed as the sponsor since the project will
generate an important tool for use by the marketing department. The
project manager should be chosen from the production team because
the manager has to be one who understands all the intricacies linked to
the production of plastic storage units that he or she should deliver
with the required results by a particular date (Lock, 2010). The manager
will be obligated with overseeing the proper completion of the project,
with the expectation of working closely with various teams.

2. Some of the expected results include venturing into new markets and
revenue generation, as well as laying the groundwork for other
innovative products. The project is also expected to give the Winsome
Manufacturing Company a strategic position in the plastic industry. The
project charter is based on the article that outlines the scope,
objectives and the stakeholders of the project. Besides, it will add value
through offering an opening delineation of the roles of all stakeholders,
outlining the objectives of the project, and highlighting the powers and
roles of the manager. The project charter will act as indication of
authority as the venture progresses in the coming years.
The project charter will help in solving any conflict that may arise
between the project manager and the implementation team. This is
because it clearly establishes that authority that has been assigned to
the manager. The consequences of not preparing a project charter may
include different scenarios. The project may lack clear objectives,
stakeholders may not be identified and the team involved in the project
may not be able to communicate well with each other.
Project Charter
Project name
Company
Division
Department
Product
Project Charter Background
During the quarterly assembly of the company, the head of marketing
requested for a new plastic storage unit project. The head requested
that the project be presented in the next financial year. The project
would involve the creation of a new plastic storage unit that is

3. compact, but which can also be accommodated outside the house. The
new product would be the same as those of Winsome’s competitors.
However, it would offer additional features to the customers.
Today, there are numerous manufacturers that produce plastic storage
products. This has contributed to the significant reduction in the
market share for companies in this industry, including the Winsome
Manufacturing Company. The new plastic storage unit provides
Winsome with the opportunity of positioning itself strategically in the
market through offering a new product that is creative and innovative.
The new product will be added to the product catalogue of Winsome,
thereby increasing its competitive edge. The project executives will be
selected from the production department and are expected to oversee
the process of its implementation. Some of the presumed risks include
the high cost of marketing the new product and delays that may result
from project research.
Project charter rationale
The rationale from the project may be best illustrated through the
examination of the impact of failing to accomplish the project.
Foremost, the company would lose an important opportunity in
strategically placing itself in the market. An ideal example is a business
case whereby Company A is in a highly saturated market and
competitors do not have highly differentiated products. In such a case,
product differentiation would provide company A with the opportunity
of increasing its market share and revenues. The business value that
would be expected by the Winsome Manufacturing Company from the
new product concerns increased market share and an competitive
advantage.
Stop worrying on how to write an essay on Project Management. If you
let http://www.premiumessays.net/ be your favorite services provider,
there is a lot to enjoy.

4. Reference
Keller, L. (2009). Project Management. New Year: Cengage Learning
EMEA.
Lock, D. (2010). Project Management. New York: Gower Publishing.
Schwalbe, K. (2008). Introduction to Project Management, Second
Edition. Boston: Cengage Learning.
- See more at: http://www.premiumessays.net/articles/sample-essay-
on-project-management/#sthash.jF95yxIx.dpuf