Assessment 1: Project proposal (15%) MyProject Charter The Project Charter should explain the...

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Assessment 1: Project proposal (15%) MyProject Charter The Project Charter should explain the background of the organisation where this project will be carried out, the objectives of the project and the importance of this project to the organisation. The Charter includes a Business Case, Milestone Schedule, as well as any major problems or anticipated Risks with this project if they are known at this stage. The textbook provides detailed examples of what needs to be included in the Project Charter. These examples will assist in the development of the Project Charter for MyProject. The project should be of commercial consequence which demands a Return-On-Investment (ROI) analysis, and could be from one of the following categories depending on the type of business a student is involved in:  an organisational project that a student is involved in as the organisation’s main line of business – to manage projects for your organisation or on behalf of others  an activity that a student is convinced would benefit from being handled as a project  an activity in which a student was involved in the past that was not carried out as a project, but one which you believe would have been managed better as a project. If you use this option you should describe how you would execute this activity now using the knowledge gained through this unit.  As this is a piece of academic work, students are required to describe the purpose of each section of the Charter in paraphrased text, appropriately referenced to the prescribed textbook, the PMBoK, and/or readings on the learning site. Failure to do so will result in a reduction of marks for each marking criteria where this is not performed. The project MUST NOT be any of the following except with written approval from your tutor or the Unit Assessor:  A wedding event  a project developing an App  implementation of a change management initiative  a Not-For-Profit event  the establishment of a restaurant  a farewell event  a sporting, cultural or music event The maximum word length for this assignment is 1,500 words excluding words used in any charts, templates, forms or diagrams that you have used to apply the knowledge areas. The word count DOES NOT include the sponsor letter. NOTES: 1. Students undertaking this unit for a second or subsequent time must use a completely different project to the one they used in their previous attempt. 2. Students are directed to the Activity to be completed at the end of Topic 1. 3. The project must be undertaken in Australia and use Australian currency. Format for Assignment 1 The format of the formal assignment will be:   Cover Sheet - with student name and number, title of project, date submitted, word count  Letter to Sponsor  Table of contents  Introduction (use an Appendix for background if necessary - see below)  Project Charter using appropriate headings (see Marking Criteria)  Reference list (Harvard referencing style is required). Please note that because there is such an emphasis on the textbook, all in-text references MUST include the page numbers.  Appendix will only include a background of the organisation for your unit assessor. All forms, charts, tables and diagrams should be included under the relevant sections of the assignment. The Appendix is NOT graded.

Abr Writing · Accepted Answer

Running Header: Project Charter – Product Enhancement 		1
Project Charter – Product Enhancement 		4
Project Charter – Product Enhancement
Student Name:
Student No.:
Date Submitted:
Word Count: 1606 [excluding TOC, letter to sponsor, references, and appendix]
Letter to Sponsor
Dear Mr. XXX,
Subject: Project Charter for the Proposed Product Enhancement Project
In reference to the recent approval to initiate enhancement of the product in alignment to the contract terms with the new client as well as based on our discussions, it was decided by you to undertake this specific initiative in the form of a project.
In this context, as has been agreed, a detailed project charter has been developed and the same is enclosed herewith for your perusal. The charter is designed on the basis of the scope, time and cost boundaries that were mandated by you.
On your satisfaction, please sign off on the commitment section for further actions.
I will be available for any queries / clarification in this regard.
Regards
YYY
Project Manager
Table of Contents
Letter to Sponsor	2
Introduction	4
Scope Overview	4
Business Case – Objective	5
Milestone Schedule	6
Project Risks & Assumptions	7
Resources Needed	9
Stakeholder List	10
Team Operating Principles	10
Lessons Learned	11
Commitment	12
References	13
Appendix A – Organization Background	14
Introduction
A project charter represents a key deliverable within the framework of project management which shall grant the project team comprising project manager as well as the team members with suitable rights for continuing to much more comprehensive planning in subsequent phase of the project (Kloppenborg 2014; PMI 2013).  The key purposes that any project charter aims in delivering includes authorization of project manager in proceeding with project, helping concerned project team as well as sponsor in developing common understanding concerning the project, helping concerning project team as well as sponsor to commit, and swiftly screen out any projects that is evidently ineffective / impractical (Kloppenborg 2014; PMI 2013).
In this context, this report presents the project charter for a project undertaken by an organization (refer Appendix A for the background) to enhance the product manufactured by it – spare parts (gear components) for high end motor bikes.
Scope Overview
A scope overview represents a project at the summarized / nutshell level presenting its description at high-level over what needs have to be suitably accomplished as well as the manner in which the same shall be undertaken. In essence scope overview shall be utilized for distinguishing amongst what a project shall deliver / do as well as will not deliver / do (Kloppenborg 2014; PMI 2013). The significance of scope lies in its ability for helping avoid scope creep and the same can be stated as uncontrolled form of expansion concerning project / product scope with no adjustments towards resources / cost / time (Kloppenborg 2014; PMI 2013).
In the context of this project, the project scope of the project shall be to –
· Re-design and develop gear component in alignment to the new requirements of the client.
· The product enhancement shall include –
· Increase in stress capacity by 10 per cent
· Reduce friction 
· The project scope shall not include any process / procedure changes to operationalize the enhanced product.
Business Case – Objective
A business case in the context of project charter refers to statement of justification / purpose concerning the project (Kloppenborg 2014; PMI 2013). The business case shall be employed for justifying overall necessity concerning a specific project (Kloppenborg 2014; PMI 2013).

Assessment 1: Project proposal (15%) MyProject Charter The Project Charter should explain the background of the organisation where this project will be carried out, the objectives of the project and...

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