This report depicts the role of new and tasty product manufacturing in the software industries to gain measurable revenue. After developing a description on this project a project deliverables considering the success criteria and assumptions will be prepared. In addition to this, based on project scope a Work Breakdown Structure (WBS) is also prepared in this report.
A project progress report will be prepared covering a Gantt chart, budget, planned deliverables risk review and personal reflection as well. All possible issues are categorized in this report and their impact in the consumers and other aspects are also elaborated in this progress report. In order to implement this project all needful elements are considered by the project heads.
These days the soft drink industry allover Malaysia is evolving like other technical growing industries. Ziq & Fiq Enterprise is a known Malaysia based soft drink manufacturing companies which is currently giving their attention on consumers demand and competitive market strategies. In order to gain effective competitive advantages and commercial revenue from soft drink demand market the food manufacturing company is coming with their new project “divine thunder”. According to this project, they will produce some flavored soft drinks for the customers of Malaysia.
The possible deliverables considered for this project are as follows:
Ziq & Fiq Enterprise is a Malaysia based soft drink manufacturing company which is focused to deliver tasty, unique, quality and affordable soft drink products to the Malaysian consumers. In this project the complete attention will be given to Ziq & Fiq Enterprise’s new product Divine Thunder. In this section a project team will be formed and according to the need of the project objectives the members will serve their attention. Apart from this, a project progress report will be prepared covering categorized issues, budget status, planned deliverables or project activities and network diagram with a Gantt chart. It is defined that the risks of overrunning cost and over allocated time will be completely minimized if theses specifications are properly followed.
This project is designed, developed and implemented with proper support of a project team. It has been defined that if all project team members play their allocated roles professionally then the project manager will be able to meet the project goals and objectives considering the success criteria and assumptions within estimated time. However, for reducing pressure from the team members the complex project has been divided into small segments. It is also determined that each of the segments is needed to be accomplished by the project team members. The progress of this project is dependent on performance of the project team members. If it is found that, the project team members are not enough efficient then the project will take longer time to finish. In addition to this, it may also result to overrunning cost. Both overrunning cost and over allocate time will lead a project towards failure. Thus, it can be said that professional performance from the project team member’s and project manager’s end will give a successful outcome in terms of the project outcomes.
WBS |
Task Name |
Duration |
Start |
Finish |
Resource Names |
Cost |
0 |
Manufacturing divine Thunder soft drink |
72 days |
Fri 5/18/18 |
Mon 8/27/18 |
$1,726.00 |
|
1 |
Project initiation |
19 days |
Fri 5/18/18 |
Wed 6/13/18 |
$345.00 |
|
1.1 |
Project scope statement |
3 days |
Fri 5/18/18 |
Tue 5/22/18 |
Project manager |
$60.00 |
1.2 |
Project documentation |
2 days |
Wed 5/23/18 |
Thu 5/24/18 |
Project manager |
$60.00 |
1.3 |
Project budget preparation |
3 days |
Fri 5/25/18 |
Tue 5/29/18 |
Project manager |
$60.00 |
1.4 |
Project time estimation |
6 days |
Fri 5/25/18 |
Fri 6/1/18 |
finance manager |
$45.00 |
1.5 |
Project team allocation |
3 days |
Mon 6/4/18 |
Wed 6/6/18 |
Project manager |
$60.00 |
1.6 |
Project sponsors selections |
5 days |
Thu 6/7/18 |
Wed 6/13/18 |
Project manager |
$60.00 |
2 |
Project planning phase |
35 days |
Thu 6/14/18 |
Wed 8/1/18 |
$673.00 |
|
2.1 |
Resource allocation |
3 days |
Thu 6/14/18 |
Mon 6/18/18 |
Project manager |
$60.00 |
2.2 |
Product naming |
3 days |
Tue 6/19/18 |
Thu 6/21/18 |
business analyst , strategy developer |
$98.00 |
2.3 |
Vendor assigning and suppliers selection |
2 days |
Fri 6/22/18 |
Mon 6/25/18 |
Project manager |
$60.00 |
2.4 |
Assigning chemist for the new product |
6 days |
Tue 6/26/18 |
Tue 7/3/18 |
business analyst ,Project manager |
$110.00 |
2.5 |
Preparing proper environment with new equipments |
6 days |
Tue 6/26/18 |
Tue 7/3/18 |
finance manager |
$45.00 |
2.6 |
Equipment measures for new bottles |
5 days |
Wed 7/4/18 |
Tue 7/10/18 |
equipments , strategy developer |
$128.00 |
2.7 |
Soft drink mixing equipments |
5 days |
Wed 7/11/18 |
Tue 7/17/18 |
chemist, factory workers |
$80.00 |
2.8 |
Buying filling machinery |
5 days |
Wed 7/18/18 |
Tue 7/24/18 |
factory workers |
$22.00 |
2.9 |
Conveyor system preparation |
6 days |
Wed 7/25/18 |
Wed 8/1/18 |
factory workers ,strategy developer |
$70.00 |
3 |
Initial product manufacturing phase |
10 days |
Thu 8/2/18 |
Wed 8/15/18 |
$544.00 |
|
3.1 |
Water infusing with needful elements |
1 day |
Thu 8/2/18 |
Thu 8/2/18 |
chemist, factory workers |
$80.00 |
3.2 |
Adding essence to the liquid |
1 day |
Fri 8/3/18 |
Fri 8/3/18 |
chemist |
$58.00 |
3.3 |
Testing the drink |
1 day |
Mon 8/6/18 |
Mon 8/6/18 |
project quality tester |
$56.00 |
3.4 |
Change approach |
1 day |
Tue 8/7/18 |
Tue 8/7/18 |
Project manager |
$60.00 |
3.5 |
Changing the taste as per the demand |
1 day |
Tue 8/7/18 |
Tue 8/7/18 |
project quality tester |
$56.00 |
3.6 |
Packaging soft drink bottle |
1 day |
Wed 8/8/18 |
Wed 8/8/18 |
factory workers |
$22.00 |
3.7 |
Securing bottle from contamination |
2 days |
Wed 8/8/18 |
Thu 8/9/18 |
Project manager |
$60.00 |
3.8 |
Water filtration |
2 days |
Fri 8/10/18 |
Mon 8/13/18 |
factory workers |
$22.00 |
3.9 |
Automatic capping |
2 days |
Tue 8/14/18 |
Wed 8/15/18 |
bottle label manufacturer, bottle manufacturer |
$130.00 |
4 |
Project closure |
8 days |
Thu 8/16/18 |
Mon 8/27/18 |
$164.00 |
|
4.1 |
Stakeholder signoff |
3 days |
Thu 8/16/18 |
Mon 8/20/18 |
Project manager |
$60.00 |
4.2 |
Post maintenance program |
2 days |
Tue 8/21/18 |
Wed 8/22/18 |
project quality tester |
$56.00 |
4.3 |
Reducing the hazards of falling bottles |
3 days |
Thu 8/23/18 |
Mon 8/27/18 |
strategy developer |
$48.00 |
Risks |
Impact |
likelihood |
Mitigation strategies |
Ranking |
Cost risk: This is referred to as one of the most typical escalation for project cost. Due to poor cost structuring an entire project may fail to reach project objectives and goal as well. |
Significant |
Possible |
Feasibility study is the most effective and needful operation level strategy which will help the project managers to design the cost structure for the project. It has been defined, that an accurate project feasibility study will help the project manager to understand that whether the project will give beneficial outcome to the company or not. |
High |
Performance risk: This is another risk for the project manager which may lead a project to failure. Performance of each and individual project team members will help the project manager to reach the project objectives. Performance risk can also negatively impact the schedule and cost. |
Very likely |
Significant |
The HR executives of the company should arrange professional training and development program to give the project team members a strong strategic backbone. Training and development will help the members to develop their professional skills. |
Extreme |
Scheduling risk: Scheduling risk is another risk for this project which may cause overrunning budget. It is the role of the finance manager to take needful actions so that the challenges can all be mitigated. |
Unlikely |
High |
Based on the project activities and other complexity the project manager should prepare the schedule of the project to make sure that no additional cost will be allotted for successfully complete the project objectives. |
High |
Operational risks: Due to poor implementation of process such as procurement, production and distribution of problems the soft drink manufacturing company can face serious operational risks. |
Unlikely |
Moderate |
All the project process should be implement considering all needful functional elements. It will bring validate success for the project owners. |
Medium |
Legal risks: due to lack of preparation of legal and regulatory obligations such as contract risk and litigation risks huge legal risks may occur. |
Unlikely |
Minor |
At the project initiation phase, proper governing activities and the legal actions are to be taken by the project manager and project team members to make sure that the project has meet the objectives. |
Low |
After analyzing the details of project management approaches and measure, it has been defined that in order to successfully accomplish any project within estimated budget and time it is the role of the project heads to design and develop the project considering all the project components. I have learned that, project management course is kind of a new experience from both the performance and learning point of perspectives. The practical knowledge I have gained from the project management theories will help me to implement any practical project. Innovation is a combination of creativity, collaboration, practical execution as well as added values to the products and services. It gave me a complete idea about systematic approach of project practices to design a product or service within estimated budget and time.
However, I have identified that there are certain factors those are needed to be considered by the project managers to successfully implement a project. In order to design a project as a customer oriented one certain term and conditions should be considered by the project executives and project team members. Communication management, resource management, contingency, procurement, risk management are the major aspects that are to be followed professionally by the project executives to accomplish a project. In order to reduce the overall work pressure from the team members how the project activities needs to be divided and also assigned to the resources are identified by the project managers and this idea is generated from the project management knowledge. I have also learned that professional communication will give me a direction following which a project can meet its success criteria and preliminary assumptions. In order to accomplish professional communication the media that are widely utilized by project managers include skype, whatsapp, google drive etc.
The overall market effectiveness will improve through professional project management practice execution. Regardless of the size of the company the project management approaches should be followed by the project managers and other project associates. The issues regarding scope creep, productivity and interdependencies among the project elements will become absolutely clear with the understanding of project management practices. I have learned on different steps including selection matrix preparation, rating over concept, concept ranking, combination and improvement on concepts, reflection over the processes etc. Above all I have learned that combination and successful execution of these steps will help the project manager to meet the project assumptions and objectives. All kinds of project related issues will be completely avoided through the professional project management approach.
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