Project management yara1 Essay Example | Topics and Well Written Essays - 250 words

Project management yara1 - Essay Example The company should sponsor the project because the product will bring revenue to the company in case of success. The issue of the project manager should be given to the person who best qualifies to be a manager. The considerations may include past performances and characters in the job market. The department cannot be specified because it might limit the talent needed in carrying out a new project. The results of a new project are numerous. The project is expected to add the items in the purchase list of the company (Figge & Schaltegger, 2011). The project is anticipated to increase target market of the company. This will in turn create more revenue for the company. It will create new employment opportunities. Other expectations are new consumer tastes and preferences. The project charter will spell out the scope of the project, the goals and objectives and the participants. The project will show that the reasons for undertaking it are the expected results as mentioned earlier. The main objective is to earn more revenue in order to benefit the company. The participants include the design department, production department, purchasing, shipping, and sales and the marketing departments. The projects value is that the company will not only create more choices for its customers but also compete with other business entities. This is because the variety of the company’s products will be added. This will raise the company’s bargaining position especially in the market. The problem that the project will solve is (Post, 2002) that of quantity. The customers will have options of buying bigger plastic storage, but with significantly better features. This will increase the demand of the container. The ramifications that are involved in not carrying out the project are devastating. This means that there will be no product creation or development in the company. There will also be no motivation of the employees who came up with the