The following will be required for this assignment:

• Present with the abilities of a project manager
• Prepare and professionally present a project charter
• Determine the appropriate cost estimation approach and calculate the estimated cost

HERE ARE THE FOLLOWING TWO SECTIONS FOR MY ASSIGNMENT (I have added my project below this section in BOLD letters:

Presentation of Project Charter

Complete this form based on my term project (LISTED BELOW IN BOLD LETTERS). Please fill out this Project Charter:

(Please make up the budget and roles and responsibilities and objectives based on the information I gave you for my project).

Presentation of Project Cost Estimate

Critically describe five cost estimation techniques. Expand on these techniques in regard to my project: (LISTED BELOW THIS ASSIGNMENT IN BOLD LETTERS).

1. Parametric estimating
2. Unit-Rate estimating
3. Resource-based estimating
4. Expert Judgement Method
5. Analogous Estimating Method

Also, explain the most suitable cost estimation technique (based on the five above techniques I have listed) for your term project (LISTED BELOW). Prepare a cost estimate for your term project (LIST BELOW) and format it like this example spreadsheet:

HERE IS MY TERM PROJECT THAT YOU WILL NEED TO COMPLETE THIS ASSIGNMENT:

INTRODUCTION TO MY TERM PROJECT

Ford Motor Company became the fifth-largest automobile manufacturer in the world. I want to analyze the mission statement of the companies guides to the strategies, which are needed to attain or exceed its market position, in order to produce a better product for the employees and company. A Ford Motor mission statement explains the varieties of actions that are needed to achieve organizational goals. In contrast, Ford's vision statement drives its global organization to reach higher performance levels. A company's vision statement stipulates the desired future situation or condition of the business. Changing Ford's mission statement will better represent Ford's business model, keep customers satisfied, and help keep up the integrity of the employees.

Ford's current vision/mission statement:

"People working together as a lean-global enterprise for automotive leadership."

Ford Motor Company explains its vision as automotive leadership is scaled through the satisfaction obtained by the customers, employees, stakeholders, suppliers, dealers, and societies. Ford Motor's vision statement needs to be slightly altered in order to incorporate the following major points:

1. Encompassing global integral leadership
2. Stressing stakeholders
3. Progressing business models

Approach

The vision/mission statement of Ford Motor clearly indicates that the company wants to be one of the top companies in the global automotive industry. Currently, Ford Motor is in fifth place in the world and the second-largest automotive manufacturer in the U.S. market as they are behind only General Motors. Then again, the vision explanation's accentuation on partners is accomplished through Ford's upgraded HR approaches, and additionally corporate social duty techniques for workers, clients, financial specialists, and others. The company's vision articulation likewise highlights lean business operations, which the organization as of now accomplished through its sequential construction system strategies. Along these lines, in light of its present condition, Ford Motor Company needs to take a shot at developing its deals to accomplish worldwide authority and satisfy its vision proclamation. This will better structure its vision/mission statement to include all aspects of business and future clients.

Strengths

• Established their expertise in manufacturing, research, and development and significantly in automobile marketing.
• Ford Motor's expertise in the domains of manufacture and marketing of light commercial vehicles, specifically vans.

Weaknesses

• Ford Motor is heavily reliant on U.S. and European markets. Most of the experts consider future growth in sales of cars will be in developing markets, for example, China and India.
• The reputation of Ford Motors as a brand for the working-class or middle-class, which makes it tough to market automobiles to the upwardly automobile.

Opportunities

• New car technologies, for example, self-driving or independent autos. These could build interest in new models and deals. The attention - create d new advancements could likewise build enthusiasm for auto buys.
• Expanded levels of online business, which could build the interest for light business vehicles that are utilized for conveyance.

Constraints

• Extensive adoption of electric cars could force costly advancements to plants and the expensive costs of the R&D department. This could reduce Ford's profits.
• Dropping down fuel prices can limit the demand for costly alternative fuel cars such as hybrid cars and electric cars.

Success Criteria

Bargaining Power of Buyers:

The influence or bargaining power of customers is considered moderate as some external factors like moderate switching costs, availability of substitutes, and moderate size of purchase by an individual contribute to the relatively moderate bargaining power of the customer. Ford Motor Company should capitalize on customer satisfaction to the extent of the factors for the bargaining power of buyers.

Bargaining Power of Suppliers:

Suppliers exercise moderate power on Ford Motor Company. The impact of the bargaining power of suppliers and their demands on companies. The following external factors such as a moderate number of suppliers and low chances of forwarding integration contribute to the restrained bargaining power of suppliers. Ford should consider the substantial but narrow external factors linked to suppliers' effect on the companies.

Threat of Substitutes:

Ford Motor experiences the modest effects of the substitutes to its product as its substitution threatens the enterprises in the industry. External factors such as the moderate availability of substitutes and switching costs contribute to the moderate threat of substitution. Ford Motor required giving suppliers second priority as substitute threat is more important to resolve.

Barriers to Entry:

Ford Motor Company senses the effects of new players in the industry. The impact of new companies in the industry is considered as one of the aspects of the Five Forces model. The external factors such as high capital cost and brand development cost seem to contribute to the weak threat of new players against Ford Motor. As mentioned earlier costs are one of the important barriers to entry into the industry. So, it weakens the threat from new entries in the business.

Reorganization Structure of Ford Motor Company

Functional vs Divisional:

Within a single plant, the structure is mainly functional that represents a specific business function. A VP heads each function. These functions are Global Product Development, Global Purchasing, and Finance, etc. Ford's structure has the disadvantage or peril of ignoring the important unique conditions or requirements of national markets.

Diversification and Internationalization:

Ford started in 1903 and ever since its inception, Ford started diversifying its product offerings in various market segments. Just after it released its Model T car, in 1917 Ford diversified into Model TT Trucks, airplanes, and anti-submarine patrol boats. Diversification needs to continue into the vision statement in order to upkeep the strength for Ford and its motivation at different stages.

Unrelated Diversification: Airplanes, trucks, warrior equipment:

The most profitable part of Ford is "Ford Credit", a finance firm in the UK, which helps buyers finance their purchase of cars. During World War II, Ford started manufacturing military vehicles for the US army by halting the production of its civilian vehicles. It also started a third business line of electronics. Ford diversified into a lot of different product portfolios and in 2009 started producing turbocharged engines.

Conclusion

In spite of being successful after such huge diversification, Ford concentrated on a single business and achieved success in that, but still needs to alter the mission statement in order to include a comfortability level for both the customer and employee.

Project Charter Project Title: Project Start Date: Budget Information: Projected Finish Date: Project Manager: Project Objectives: Critical Assumptions and Constraints: Preliminary Project Requirements: Success Criteria: Approach: Roles and Responsibilities Name and Signature Role Position Contact Information Comments: (Handwritten or typed comments from above stakeholders, if applicable) Cost Estimate Project Name: Date: Note: Enter your WBS, hours, labor rates, etc. Add/delete rows and columns as needed and check all formulas (bolded below) Internal $/hour Internal External $/hour External Total Non-labor $ Total Cost WBS Categories Labor $ Total Labor $ Total Labor 1. Initiating 200 $ 65 $ 13,000 $ $ 13,000 $ 13,000 2. Planning 600 $ 60 $ 36,000 $ $ 36,000 $ 36,000 3. Executing $ $ $ $ 3.1 Course design and development $ - $ $ $ $ 3.1.1 Supplier management training 600 $ 60 $ 36,000 600 $ 150 S 90,000 S 126,000 $ 100,000 $ 226,000 3.1.2 Negotiating skills training 300 $ 55 $ 16,500 300 $ 150 $ 45,000 S 61,500 $ 50,000 $ 111,500 3.1.3 Project management training 400 $ 60 $ 24,000 400 $ 150 S 60,000 S 84,000 $ 50,000 $ 134,000 3.1.4 Software applications training 400 $ 60 $ 24,000 400 $ 150 $ 60,000 S 84,000 $ 50.000 $ 134,000 3.2 Course administration 400 $ 55 $ 22,000 300 $ 250 $ 75,000 S 97,000 $ 80,000 $ 177,000 3.3. Course evaluation 300 $ 55 $ 16,500 $ $ 16,500 $ 16,500 3.4 Stakeholder communications 300 $ 55 $ 16,500 $ 16,500 $ 16,500 4. Monitoring and Controlling 500 $ 55 $ 27,500 $ $ 27,500 $ 27.500 5. Closing 200 $ 55 $ 11,000 $ $ 11,000 $ 11,000 Subtotal $ 903.000 Reserves $ $ $ 90,300.0 Total 4,200 243,000 2,000 850 330,000 573,000 330,000$ 993,300 Assumptions S - Project Charter Project Title: Project Start Date: Budget Information: Projected Finish Date: Project Manager: Project Objectives: Critical Assumptions and Constraints: Preliminary Project Requirements: Success Criteria: Approach: Roles and Responsibilities Name and Signature Role Position Contact Information Comments: (Handwritten or typed comments from above stakeholders, if applicable) Cost Estimate Project Name: Date: Note: Enter your WBS, hours, labor rates, etc. Add/delete rows and columns as needed and check all formulas (bolded below) Internal $/hour Internal External $/hour External Total Non-labor $ Total Cost WBS Categories Labor $ Total Labor $ Total Labor 1. Initiating 200 $ 65 $ 13,000 $ $ 13,000 $ 13,000 2. Planning 600 $ 60 $ 36,000 $ $ 36,000 $ 36,000 3. Executing $ $ $ $ 3.1 Course design and development $ - $ $ $ $ 3.1.1 Supplier management training 600 $ 60 $ 36,000 600 $ 150 S 90,000 S 126,000 $ 100,000 $ 226,000 3.1.2 Negotiating skills training 300 $ 55 $ 16,500 300 $ 150 $ 45,000 S 61,500 $ 50,000 $ 111,500 3.1.3 Project management training 400 $ 60 $ 24,000 400 $ 150 S 60,000 S 84,000 $ 50,000 $ 134,000 3.1.4 Software applications training 400 $ 60 $ 24,000 400 $ 150 $ 60,000 S 84,000 $ 50.000 $ 134,000 3.2 Course administration 400 $ 55 $ 22,000 300 $ 250 $ 75,000 S 97,000 $ 80,000 $ 177,000 3.3. Course evaluation 300 $ 55 $ 16,500 $ $ 16,500 $ 16,500 3.4 Stakeholder communications 300 $ 55 $ 16,500 $ 16,500 $ 16,500 4. Monitoring and Controlling 500 $ 55 $ 27,500 $ $ 27,500 $ 27.500 5. Closing 200 $ 55 $ 11,000 $ $ 11,000 $ 11,000 Subtotal $ 903.000 Reserves $ $ $ 90,300.0 Total 4,200 243,000 2,000 850 330,000 573,000 330,000$ 993,300 Assumptions S