PM FPX 5332 Assessment 3 Cosmo Inc. Wearable Technology Marketing Strategy

PM FPX 5332 Assessment 3 Cosmo Inc. Wearable Technology Marketing Strategy

Student Name

Capella University

PM-FPX5332 Project Management, Planning, Execution, and Control

Prof. Name:

Date

Cosmo Inc. Wearable Technology Marketing Strategy

Project Name: Cosmo Inc. Wearable Technology Marketing Strategy

Sponsor Name: Mr. Harold Living (Cosmo Inc. CEO)

Project Manager: Amber Sarda

Introduction:

Following a recent analysis, our CEO, Harold Living, identified a potential decline in earnings due to competitors offering innovative technologies. To maintain our leadership in the wearable technology market, Mr. Living has proposed the development of a new, cutting-edge wearable product aimed at boosting our sales. The enclosed document includes the project schedule activity sequencing, project cost estimate, and the integrated change control plan for the entire project.

Project Schedule Activity Sequencing:

Given the limited timeframe of 10 weeks, a detailed schedule has been created. This schedule includes predecessor activities that must be completed before subsequent tasks can commence or be completed. The table below provides a high-level overview of the project duration, starting on 02/07/2020 and concluding on 04/04/2020:

Utilizing a basic Gantt chart the predecessors/ successors are outlined in depth below:

Schedule, Cost Estimate, and Integrated Change Control

Using a basic Gantt chart, the predecessors and successors are outlined in detail below:

Project Estimate Cost:

This section presents the estimated budget for the entire project, breaking down labor and material costs aligned with the Work Breakdown Structure (WBS) and divided by project phases. It also includes assumptions, constraints, and dependencies. The total budget for the project is capped at $150,000.

Assumptions:

• All team members possess the required skills and knowledge about Cosmo Inc.’s wearable technology.
• All team members will be available throughout the project duration.
• Funding is available to meet the project’s needs.
• The project owner can provide the necessary financial support for completion.
• The team will successfully produce deliverables within the project scope, budget, and schedule.

Constraints:

• Limited data available for market analysis due to the project’s time constraints.
• Possible technical limitations faced by developers.
• A small team size, where absences could impact the project timeline.

Dependencies:

• Development of the product and the application that operates it.
• The marketing director’s task to create the logo and sales pitch for the new product.
• Creation of the training program for customer support staff.

Total Estimated Cost:

• Proposed Hardware Costs:
• Proposed Software Costs:
• Proposed Personnel Costs:

Integrated Change Control Plan:

This segment outlines the change control process involving requests, facts, processes, judgments, and reviews. Approved changes will be updated in the project management plans and procedures. The impact of changes on the project cannot be forecasted without details about the proposed changes.

In accordance with the PMBOK Guide, the following inputs, tools & techniques, and outputs will be used:

This process will be reviewed during a series of change meetings, scheduled weekly in the boardroom:

PM FPX 5332 Assessment 3 Cosmo Inc. Wearable Technology Marketing Strategy

References

The Guide To The Project Management Body of Knowledge (PMBOK Guide). 6th ed. Newtown Square: Project Management Institute, 2008.