As a project manager, your work will involve far more than simply completing projects that are assigned to you. The projects you work on are expected to deliver$$business value, and you must understand the value your projects are expected to deliver as you execute the project. This week, you will demonstrate managing complex projects and overseeing all elements of an$$integrative project development processes$$as you prepare a project proposal from a problem or opportunity you identify. You will recommend a project, establish the deliverables, set success criteria, determine the methods or approaches for the project $($process$),$ and consider the resources needed.

Include$$the following in your proposal:

$*$ Describe the project, including the situation, problem, or opportunity you identify. Include what is in the scope and out of scope, and the assumptions being made.

$*$ Explain how the project aligns with the organization$$s strategic goals and objectives. Be explicit about how this project delivers business value $($including its stakeholders or customers$).$

$*$ State the proposed team structure, including the project sponsor, project manager, and the primary requested resources.

$*$ Establish the project$$s success criteria. Describe the success criteria or metrics that measure if the project was executed successfully and delivered the promised business value.

$*$ Identify the project$$s milestone deliverables.

$*$ Summarize current high$-$level challenges or known risks, including the probability of occurrence and impact. Remember, this is a high$-$level summary of risks you can identify at this point with known information, not a full risk assessment.

$*$ Estimate the project$$s cost$.$ Consider elements like people, contractors, materials, software, permits and licensing costs, and any others that apply. This is not a full budget, only a basic estimation of the project costs.

$*$ Summarize the project proposal, including why this project should be approved. Explain how the project may fit into the organization$$s current programs or portfolios, if known. Acknowledge if the organization is working on other projects that might need to be stopped to work on this effort.