Project Plan For Developing A New Smartphone For Samsung

Project Scope Statement

The project is aimed at developing a new Smartphone for the organization named Samsung. The company will use their innovation and technological proficiency in developing gadgets that provide them with cost leadership n the market.

Samsung is the market leader in terms of their cost leadership and they have provided the consumers with smartphones at affordable prices by keeping the features same as that of the other major companies in the market (News.samsung.com 2018). The market of smart phone has become more and more saturated and in order to maintain their competitive advantage in the market the organization is launching another innovative product which will increase their short term sales and provide them with competitive advantage. This project will consist of developing a product far superior to that of the products already in the market.

The project scope statement consists of the various factors such as project objective, constraints, assumptions, requirements, deliverables, milestone and schedule (Harrison and Lock 2017). The project scope statement will define all these factors and in this current project a project plan will be developed for developing a new smart phone for Samsung.

Project Objectives

The project objectives are as follows:

Developing an innovative product to gain advantage in the market
Market the product
Testing and launching of the product

Project Assumptions

The assumptions made in the project are as follows:

The CEO, board and the other stakeholder have approved the project
The different departments have been made aware of the project and its purpose

Project constraint

The time and budget of the project is a big constraint as Samsung uses cost leadership so developing economies of scale is important in this project. Therefore, the project will have to make sure that unnecessary over allocation of resources have to be avoided especially while executing the non critical tasks in the study.

The outputs of the different phases of the project are known as project deliverables and defining project deliverables are essential to understand the variation in the results achieved in each stage (Maylor, Turner and Murray-Webster 2015). The project deliverables in the current project are listed below:

Task Name	Duration	Start	Finish
Samsung Smartphone product development	598 days	Mon 5/21/18	Wed 9/2/20
1.0 Product planning and concept	73 days	Mon 5/21/18	Wed 8/29/18
2.0 Requirement analysis	184 days	Thu 8/30/18	Tue 5/14/19
3.0 Production development Stage	70 days	Wed 5/15/19	Tue 8/20/19
4.0 Testing phase	61 days	Wed 8/21/19	Wed 11/13/19
5.0 Product launch	120 days	Thu 11/14/19	Wed 4/29/20
6.0 Product Monitoring	90 days	Thu 4/30/20	Wed 9/2/20

Table 1

The progress of the project is defined by milestones and the tasks having zero duration on the timeline signifies the end of an important phase (Binder 2016). The project deliverables for the current have been listed and presented below:

Task Name	Duration	Start	Finish
1.6 Milestone 1: Project Charter Developed	0 days	Wed 8/29/18	Wed 8/29/18
2.8 Milestone 2: Functional requirement approved	0 days	Tue 5/14/19	Tue 5/14/19
3.4 Milestone 3: Smartphone developed	0 days	Tue 8/20/19	Tue 8/20/19
4.4 Milestone 4: Product Testing completed	0 days	Wed 11/13/19	Wed 11/13/19
5.3 Milestone 5: Product launched	0 days	Wed 4/29/20	Wed 4/29/20
6.4 Milestone 6: Product monitored	0 days	Wed 9/2/20	Wed 9/2/20

Table 2

The project will depict the different tasks that will be performed in successful execution of the project (Heldman 2018). In table 3, the project schedule shows that duration, the start date and finish date of each of the tasks. The project schedule is the structured way of identifying the work that has to be done and the optimal time period for cost reduction. The overall timestamp for this project is 598 days which is almost two years and the project will start at 20^th May, 2018 to 2^nd September, 2020. However, as 20^th is a Sunday, the official schedule has been prepared from 21^st May so the project schedule has been developed taking all the holidays into account. There are only three tasks in the project that are non critical and rest of the tasks in the project are critical task. Therefore, if Samsung wants to reduce the cost the time span will increase as both are interdependent and inversely proportional to each other.

Task Name	Duration	Start	Finish
Samsung Smartphone product development	598 days	Mon 5/21/18	Wed 9/2/20
1.0 Product planning and concept	73 days	Mon 5/21/18	Wed 8/29/18
1.1 Identifying the Specification	30 days	Mon 5/21/18	Fri 6/29/18
1.2 Meeting with the stakeholders	7 days	Mon 7/2/18	Tue 7/10/18
1.3 Amendment of the primary document	5 days	Wed 7/11/18	Tue 7/17/18
1.4 Product design developed	30 days	Wed 7/18/18	Tue 8/28/18
1.5 Documentation Deployment	1 day	Wed 8/29/18	Wed 8/29/18
1.6 Milestone 1: Project Charter Developed	0 days	Wed 8/29/18	Wed 8/29/18
2.0 Requirement analysis	184 days	Thu 8/30/18	Tue 5/14/19
2.1 Software requirement identification	30 days	Thu 8/30/18	Wed 10/10/18
2.2 Hardware requirements	45 days	Thu 8/30/18	Wed 10/31/18
2.3 functional requirement analysis	60 days	Thu 11/1/18	Wed 1/23/19
2.4 Initial Design	65 days	Thu 1/24/19	Wed 4/24/19
2.5 Board meeting	5 days	Thu 4/25/19	Wed 5/1/19
2.6 Modifications noted	7 days	Thu 5/2/19	Fri 5/10/19
2.7 Dispatch for approval	2 days	Mon 5/13/19	Tue 5/14/19
2.8 Milestone 2: Functional requirement approved	0 days	Tue 5/14/19	Tue 5/14/19
3.0 Production development Stage	70 days	Wed 5/15/19	Tue 8/20/19
3.1 integrate the product requirements	45 days	Wed 5/15/19	Tue 7/16/19
3.2 Develop product	68 days	Wed 5/15/19	Fri 8/16/19
3.3 Dispatch for product testing	2 days	Mon 8/19/19	Tue 8/20/19
3.4 Milestone 3: Smartphone developed	0 days	Tue 8/20/19	Tue 8/20/19
4.0 Testing phase	61 days	Wed 8/21/19	Wed 11/13/19
4.1 Product sample prototypes given to employees	40 days	Wed 8/21/19	Tue 10/15/19
4.2 Collecting feedback from employees	7 days	Wed 10/16/19	Thu 10/24/19
4.3 Sent the product for changes	14 days	Fri 10/25/19	Wed 11/13/19
4.4 Milestone 4: Product Testing completed	0 days	Wed 11/13/19	Wed 11/13/19
5.0 Product launch	120 days	Thu 11/14/19	Wed 4/29/20
5.1 Develop digital and Traditional promotional campaign	30 days	Thu 11/14/19	Wed 12/25/19
5.2 Market the product	90 days	Thu 12/26/19	Wed 4/29/20
5.3 Milestone 5: Product launched	0 days	Wed 4/29/20	Wed 4/29/20
6.0 Product Monitoring	90 days	Thu 4/30/20	Wed 9/2/20
6.1 Evaluate the marketing campaign	60 days	Thu 4/30/20	Wed 7/22/20
6.2 Examine the product success	28 days	Thu 4/30/20	Mon 6/8/20
6.3 Note the drawbacks for Second phase	30 days	Thu 7/23/20	Wed 9/2/20
6.4 Milestone 6: Product monitored	0 days	Wed 9/2/20	Wed 9/2/20

Project Objectives

Table 3

The project will define the overall budget and the cost of each of the tasks. This is a forecasted budget and the company will have to make sure to follow this as this is the optimal budget for the next two years (Ochieng et al. 2018). The budget will increase if the resource allocation is increased but there will be significant reduction in time. On the contrary, the budget can be decreased by increasing the time span of the project. The table 4 shows that forecasted budget for developing a smart phone for Samsung.

Task Name	Resource Names	Cost
Samsung Smartphone product development		$421,504.00
1.0 Product planning and concept		$50,736.00
1.1 Identifying the Specification	Electronics and Communication engineer, Instrumentation engineer, Project Manager, Software developer	$22,080.00
1.2 Meeting with the stakeholders	CEO, Finance manager, Human resource Manager, Marketing manager, Project Manager	$19,600.00
1.3 Amendment of the primary document	Electronics and Communication engineer, Instrumentation engineer, Software developer	$1,280.00
1.4 Product design developed	Electronics and Communication engineer, Instrumentation engineer, Software developer	$7,680.00
1.5 Documentation Deployment	Instrumentation engineer	$96.00
1.6 Milestone 1: Project Charter Developed		$0.00
2.0 Requirement analysis		$93,104.00
2.1 Software requirement identification	Software developer	$1,920.00
2.2 Hardware requirements	Electronics and Communication engineer, Instrumentation engineer	$8,640.00
2.3 functional requirement analysis	Electronics and Communication engineer, Instrumentation engineer, Software developer	$15,360.00
2.4 Initial Design	Electronics and Communication engineer, Instrumentation engineer, Project Manager, Software developer	$47,840.00
2.5 Board meeting	CEO, Finance manager, Human resource Manager, Marketing manager, Project Manager	$14,000.00
2.6 Modifications noted	Electronics and Communication engineer, Instrumentation engineer, Project Manager, Software developer	$5,152.00
2.7 Dispatch for approval	Electronics and Communication engineer	$192.00
2.8 Milestone 2: Functional requirement approved		$0.00
3.0 Production development Stage		$29,888.00
3.1 integrate the product requirements	Electronics and Communication engineer, Instrumentation engineer, Software developer	$11,520.00
3.2 Develop product	Electronics and Communication engineer, Instrumentation engineer, Software developer	$17,408.00
3.3 Dispatch for product testing	Project Manager	$960.00
3.4 Milestone 3: Smartphone developed		$0.00
4.0 Testing phase		$37,536.00
4.1 Product sample prototypes given to employees	Human resource Manager, Project Manager	$28,800.00
4.2 Collecting feedback from employees	Electronics and Communication engineer, Instrumentation engineer, Project Manager, Software developer	$5,152.00
4.3 Sent the product for changes	Electronics and Communication engineer, Instrumentation engineer, Software developer	$3,584.00
4.4 Milestone 4: Product Testing completed		$0.00
5.0 Product launch		$76,800.00
5.1 Develop digital and Traditional promotional campaign	Finance manager, Marketing manager	$26,400.00
5.2 Market the product	Marketing manager	$50,400.00
5.3 Milestone 5: Product launched		$0.00
6.0 Product Monitoring		$133,440.00
6.1 Evaluate the marketing campaign	CEO, Marketing manager	$105,600.00
6.2 Examine the product success	Project Manager	$13,440.00
6.3 Note the drawbacks for Second phase	Project Manager	$14,400.00
6.4 Milestone 6: Product monitored		$0.00

Table 4

Resource table

The forecasted resource table shows the cost of each of the resources that will be used along with the total number of hours they are required to work. The work has already been divided according to the project requirements and table 5 describes the resources, their costs and the hours of working.

Name	Start	Finish	Cost	Remaining Work
Project Manager	Mon 5/21/18	Wed 9/2/20	$106,080.00	1,768 hrs
Software developer	Mon 5/21/18	Wed 11/13/19	$23,104.00	2,888 hrs
Instrumentation engineer	Mon 5/21/18	Wed 11/13/19	$36,192.00	3,016 hrs
Electronics and Communication engineer	Mon 5/21/18	Wed 11/13/19	$36,288.00	3,024 hrs
Human resource Manager	Mon 7/2/18	Tue 10/15/19	$12,480.00	416 hrs
Finance manager	Mon 7/2/18	Wed 12/25/19	$13,440.00	336 hrs
CEO	Mon 7/2/18	Wed 7/22/20	$86,400.00	576 hrs
Marketing manager	Mon 7/2/18	Wed 7/22/20	$107,520.00	1,536 hrs

Policy/Directive/Standard/etc	Reference	Comment
Cost Benefit Analysis	Project plan	The cost benefit analysis will evaluate the total cost and total benefit obtained from each of the phases which will enable the organization to understand the project feasibility and make changes accordingly.
Cost of quality	Metrics of quality	The project manager will define the standards outputs of each of the phases and tasks so that the product quality can be maintained.

Table 6 : (Nicholas and Steyn 2017)

Type of risk	Risk Description	Probability	Impact	Risk reduction Strategy	Contingency Plan
		High	Medium	Low	Performance	Cost	Time
Internal	Scope creep	ü			ü	ü	ü	The deviation from the actual result is one of the common risk factors in projects which results in the change of requirements in of the project. The project deliverables will have to closely monitored and measured in order to avoid changes in requirement after phase 2 of the project	The project manager cn use agile methodology instead of the waterfall method which will enable to reduce the cost and develop product at each phases.
External	Change in market prices of components		ü			ü		The organization should develop better relationship with suppliers and buy the widely used components in bulk to avoid this.	The organization can develop a vertical integration process for manufacturing the component themselves.
Internal	Time delay in getting approval for project initiation		ü		ü	ü	ü	Developing an effective communication plan and holding frequent meetings will be an effective way of reducing this risk factor.	The project team should set include buffer time in each of the tasks to avoid the actual delay.

Table 7: (Turkulainen et al. 2015)

Conclusion

Thus, it can be concluded from the report that an effective project management plan has been developed to build a Smartphone that is superior to the products in the market. The risk factors and the quality control measures have been defined in the study and Samsung will have to follow this method to successfully develop the product. However, agile methodology is a contingency plan which should be used when there is too much deviation from the original specification of the stakeholders.

References and Bibliography

Binder, J., 2016. Global project management: communication, collaboration and management across borders. Routledge.

Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute.

Harrison, F. and Lock, D., 2017. Advanced project management: a structured approach. Routledge.

Heldman, K., 2018. PMP: project management professional exam study guide. John Wiley & Sons.

Hitt, M.A., Xu, K. and Carnes, C.M., 2016. Resource based theory in operations management research. Journal of Operations Management, 41, pp.77-94.

Holweg, M., Davies, J., De Meyer, A. and Schmenner, R., 2018. Process Theory: The Principles of Operations Management. Oxford University Press.

Mahadevan, B., 2015. Operations management: Theory and practice. Pearson Education India.

Maylor, H., Turner, N. and Murray-Webster, R., 2015. “It worked for manufacturing…!”: Operations strategy in project-based operations. International Journal of Project Management, 33(1), pp.103-115.

News.samsung.com 2018. SAMSUNG NEWSROOM. [online] News.samsung.com. Available at: https://news.samsung.com/global/ [Accessed 29 Apr. 2018].

Nicholas, J.M. and Steyn, H., 2017. Project management for engineering, business and technology. Taylor & Francis.

Ochieng, E.G., Ovbagbedia, O.O., Zuofa, T., Abdulai, R., Matipa, W., Ruan, X. and Oledinma, A., 2018. Utilising a systematic knowledge management based system to optimise project management operations in oil and gas organisations. Information Technology & People, 31(2), pp.527-556.

Turkulainen, V., Ruuska, I., Brady, T. and Artto, K., 2015. Managing project-to-project and project-to-organization interfaces in programs: Organizational integration in a global operations expansion program. International Journal of Project Management, 33(4), pp.816-827.

Vaughan, P. and Parker, D., 2015. Project-based change management body of knowledge: integrated intervention. In European Operations Management Association (EurOMA)(pp. 1-10).

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