Prepare a draft project charter and an assumption log for the Global Treps project. Assume that the project will take six months to complete and have a budget of $130,000. Use the project charter template provided in this text and the sample project charter provided in Table 4-1 as guides. For the assumption log, document at least two assumptions including an assumption ID, date, source, category, description, and status. You will be the project manager, and Dr. K. will be the project sponsor. Other team members will include Bobby, Ashok, Kim, and Alfreda. You plan to hold four shark tank like events plus develop the Global Treps site and application.

Data from in Table 4-1

Project charter for the next-gen DNA-sequencing instrument completion project

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Project Title: Next-gen DNA-Sequencing Instrument Completion Project Date of Authorization: February 1 Project Start Date: February 1 Projected Finish Date: November 1 Key Schedule Milestones: Complete first version of the software by June 1 Complete production version of the software by November 1 Budget Information: The firm has allocated $1.5 million for this project, and more funds are available if needed. The majority of costs for this project will be internal labor. All hardware will be outsourced. Project Manager: Nick Carson, (650) 949-0707, nearson@dnaconsulting.com Project Objectives: The Next-gen DNA-sequencing instrument project has been under way for three years. It is a crucial project for our company. This is the first charter for the project; the objective is to complete the first version of the instrument software in four months and a production version in nine months. Main Project Success Criteria: The software must meet all written specifications, be thoroughly tested, and be completed on time. The CEO will formally approve the proj- ect with advice from other key stakeholders.