Project Life Cycle Application

, you will apply the project life cycle to the management of strategic initiatives within an organization, analyzing the key role of the project manager in project planning, execution, and control.

Instructions:

Choose one of the following strategic business initiatives in which you will assume the role of project manager. Option 1: Digitalization of processes in a service company.

Your service company has decided to implement a digital enterprise resource planning (ERP) system to improve internal efficiency, reduce costs, and streamline customer service. However, some employees are resistant to change, and the initial investment is high.

Key Challenges:

Integration of the new system with current processes. Training staff to adopt the technology. Ensuring that digitalization does not impact service quality. Option 2: Implementing a Sustainability Strategy

A retail company has decided to reduce its environmental impact by adopting sustainable practices in its supply chain and operations. As the project manager, you must implement measures to reduce energy consumption, optimize logistics, and communicate the initiative to customers.

Key Challenges:

Initial investment in sustainable technology. Negotiation with suppliers to change logistics processes. Raising customer awareness about the importance of sustainability. Apply the Project Life Cycle to the management of your strategic initiative. For each phase of the project life cycle, explain how you would apply it in the planning, execution, and control of your chosen project.

Project Phase

Application to Your Project

Initiation

How will you justify the project? What business need will it address? What key factors will you define at this stage?

Planning

How will you structure the scope, budget, schedule, and resources? What two (2) risks do you anticipate and how will you manage them?

Execution

What strategies will you use to coordinate the team and ensure project objectives are met?

Control

How will you monitor progress and correct deviations in cost, time, and quality? What metrics will you use?

Closure

How will you evaluate whether the project was successful? What indicators will tell you whether the initiative met the strategic objectives?

ESCRIBIR executive report presenting the development of your project, based on the project life cycle. Project title Description of the objective, scope, and justification. Project life cycle development (applying each phase) Strategies for project success Final evaluation and key learnings Format: The report should include charts and visual diagrams.

Critical reflection Which was the most challenging project life cycle phase to implement? How did this assignment help you understand the role of a manager in the execution of strategic initiatives?

REFERENCES IS INPORTANT