Introduction PART 1 Section A: The Project Charter [ 1. Watch the video and read the video transcript located in the Getta Byte - Project Charter section of the Week 1 Your introduction is a one-page summary of all the main aspects of the project, including: Canvas lesson 2. Enter the information provided in the video in the sections below. Project description (i.e., responding to what is the project about & what are the project 3. Improve each section by elaborating and expanding on the information provided in the video. Be creative! 4. The text in blue is there to guide you with the assignment and help you brainstorm how to improve the basic goals and objectives), information provided in the Week 1 video. Delete all text in blue before submitting your assignment.] PROJECT CHARTER key stakeholder project participants (i.e., responding to who are the key stakeholders and Project Name [Project name] Project #: End Date organizational departments that will be involved), Project Manager Project Manager name] Start Date MM, DD, YY= Project Sponsor [Project Sponsor name, Owner name, or Customer name Project management approach (i.e., responding to what is the project management Project Description: methodology used in this project, and how is the project going to be managed and broken [What will this project create?] down into major deliverables or phases.) Objectives [The business objectives for this section are described in the Getta Byte video in week 1. Enter - A brief discussion of the internal and external enterprise environmental factors that may the business objectives in this section and come up with at least one or two more objectives. Be creative! Remember: the business objectives are related to the business needs. promote or hinder individual project decisions and the management of people, procedures, If an objective of the project is the cut cost, then specify the goal required to meet this objective. / Remember: goals must be measurable. processes, and projects. (Hint: Read PMBOK Guide CH. 2.2 Enterprise Environmental See example below. . High level objective - Goal required to meet the objective.] Factors for more information.)] . Labor cost savings by 25% Business Need: The business need can be found in the business case document and responds to one of these questions: What is the reason to initiate the project? What problem is the project going to solve? What opportunity or benefit will the project accomplish?] Milestones What are the key milestone dates associated with the Getta Byte project? A milestone could be the completion of a major project deliverable or phase. Milestone dates provides checkpoints for monitoring the project progress. Besides the three-milestone provided in the week 1 Getta Byte video, list at least three more milestones and estimated completion dates. See example below] Milestones Estimated Completion Timeframe Ex: Project Kickoff Meeting Budget What is the estimated budget for this project? Complete the table below. Do not research your project cost; this is a \"top-down\" budget estimate. this is an order of magnitude estimate and does not need to be closed to your project's actual costs when starting the project. In week 5 we will calculate the total cost of the project using the \"bottom-up\" approach, which is a more accurately budget estimate method] Estimated Work Cost {It is a timedependent variable cost related to manpower project resources and the time they are utilized Equipment when associate with time usage (i.e., hourly rentals) is also classi ted as work. Estimated Material St Equipment Cost 1lilihis cost is a per unit cost. Ex: software license cost, pc cost, etc. It includes the total cost of the material or e: uiment used in the ' Fixed Cost [Fixed cost is a nonvariable ofcost and is not time dependent. Ex: Contractor or vendor cost, travel cost, insurance TOTAL ESTIMATED CUST User Acceptance Criteria ow will this project be judged as a success or failure? What will the key stakeholders use as objective, measurable criteria to judge this success or failure? The acceptance criteria is generally related to the project requirements. It could include all the project requirements, or some of the project requirements. For example, those nice to have requirements may be cut down if needed due to project constrains. In which case, the acceptance criteria will include only the must have requirements. j HighL es'eI Project Assumptions W'hat assumptions are we making with regards to the project? What are we assuming will or will not happen in our project? Besides the information provided in the week l Getta Byte video, list at least three other project assumptions. j HighLevel Proiect Constraints fWhat external limits are being placed on the project that constrain our choices? j Project Exclusions fWhat work is part of the project; what work is not? What work is considered outside of this projectl Major Project Risks What are the major rish'; affecting the execution of the project? ldenti two or more rislrs besides the two risks described in the week l Getta Byte Project Charter section] 1-1- 11.1 I OI 1 . . .I Hint: This table must be filled with the 12 stakeholders presented in the Wk 2 Getto Byte Video and add three more stakeholders of your own creation. Also for the Influence and Interest columns, students can only use the options: "High" or "Low". To complete Strategic column, students must make use of the table below. Influence Interest Engagement Strategy Strategic Approach or Plan of Action High High MANAGE * Manage closely by keeping them involved in project decission. High Low SATISFY * Keep satisfied by meeting their needs Low High INFORM * Make use of their high interest through involvement. Low Low MONITOR * Monitor communication for changes in influent and interest. Note 1 : When stakeholders have a mediun influence and or medium interest, use a mix strategy approach. Note 2: The strategic engagement approach should also consider the individual stakeholders' needs and interest in the project COURSE PROJECT References - Part 1 (Hint: As a minimum, the student should enter the following references in APA format: Canvas Lessons for the weeks covered, any live lectures, huddle hours, or recorded lectures provided for the course, the textbook, and the PMBOK Guide. References correctly formatted are worth 5 points. )]! Update lable... Table of Contents COURSE PROJECT: The Getta Byte - New Billing System Project Michael Geary Introduction ....... . 2 Part 1.. Devry University Section A: Project Charter .. Section B: Stakeholder Engagement Plan............... MGMT404: Project Management References - Part 1 .. 5 Miguel Buleje Part 2 ....... . 6 September 2022 Section C: Communication Plan ..... Section D: The Project Scope Statement ........ References - Part 2 ... Note to the Student Part 3 ...... . 9 This document is a compilation of project document templates used for the creation of a Section E: The Project Schedule and Gantt Chart... ...... 9 project management plan for an introductory course in project management. The Section F: Resource Allocation and Budgeting .... 10 template includes instructions to the student, boilerplate text, and fields that should be replaced with the values specific to the project. References - Part 3 .... .. 11 Blue italicized text enclosed in square brackets ([ text]) provides instructions to the Part 4 ...... 12 document author, or describes the intent, assumptions and context for content included in Section G: Risk Management ....... ...... 12 this document. Conclusion .... .... 13 Blue italicized text enclosed in angle brackets () indicates a field that should be References - Part 4 ..... ... 14 replaced with information specific to a particular project. . Text and tables in black are provided as boilerplate examples of wording and formats that may be used or modified as appropriate to a specific project. These are offered only as suggestions to assist in developing project documents; they are not mandatory formats. [Note: APA does not required a table of content. But it is a good practice for planning your paper content. Hence, the table of content is optional. (Remove this note before submitting your Before submission of the first draft of this document, delete this "Note to the Student" page and paper.)] all instructions that are in blue italicized text enclosed in square brackets