Project Management Plan

Widgets 'R Us Widgets 'R Us (WRU) is a medium-sized firm specializing in the design and manufacturing of quality widgets. The market for widgets has been stable. Historically, WRU has had a functional organization design with four departments: accounting, sales, production, and engineering. This design has served the company well, and it has been able to compete by being the low-priced company in the industry. In the past three years, the demand for widgets has exploded. New widgets are constantly being developed to feed the public's seemingly insatiable demand. The average life cycle of a newly released widget is 12-15 months. Unfortunately, WRU is finding itself unable to compete successfully in this new, dynamic market. The CEO has noted a number of problems. Products are slow to market. Many new innovations have passed right by WRU because the company was slow to pick up signs from the marketplace that they were coming. Internal communication is very poor. Lots of information gets kicked "upstairs," and no one seems to know what happens to it. Department heads constantly blame other department heads for the problems.

Questions

You have been called in as a consultant to analyse the operations at WRU. Based on the readings, what would you advise Widgets 'R Us to do in order to sustain the competitive advantage in the widget market? i am told to make a project management plan to implement your suggestions. You may use the following structure for your report with sub-headings as appropriate:

5. Evaluation of Alternatives (Refer textbook -Chapter 3)

a. Briefly describe the alternative solutions for the project (recommend to use Weight Scoring Model)

b. Briefly explain and justify the criteria, rankings, weightings, and rating schemes used in developing the Project Selection Matrix.

c. Provide a summary and analysis of the outcome.

6. Project Concept

a. Describe the project. Include whatever pictures, sketches and/or drawings that you think best convey the project concept.

b. Project objectives

c. Project requirements and deliverables

d. Project Key Performance Indicators - (Identify at least 5 KPIs - measureable)

7. Project Feasibility

a. Discuss the feasibility and sustainability of the project, and identity key areas of strength

and weakness.

b. Approval requirements

c. Project assumptions - (Identify at least 5 assumptions)

d. Known constraints - (Identify at least 5 constraints)

e. Possible improvements - (Identify at least 5 improvements)

I have been pondering as to what the solution will be, i do not wish to copy anything from here i just need to understand what i need to answer here