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Internal Activity document

Activity 1: Identify Deliverables, Outcomes, and Objectives.

Please identify the project’s deliverables, outcomes and objectives

Deliverables	Outcomes	Objectives
Based on Market research on new products and the current market trend, the future need is more for cost optimize of an electric charger with simultaneous charging.	Have an in-depth analysis of the market that will be relevant while planning the re-engineering and optimization of the electric charger of the electrical products	To generate more revenue and study the market and market trends of the electric charger products.
Have in-depth knowledge about the market that help in pricing with new features of the electric charger of the electrical products	To appoint a business and marketing analyst for studying the market of the electric charging product
Prepare a costing plan to understand the budget, resources and time needed for the internal activities that are undertaken during the re-engineering and optimization of the electric charger of the electrical products.	Will able to optimize the cost in a manner that will help the organization to reduce the price along with new features and to maintain the good margin on product and also of the organization	To understand and budget plan for the actual costing required for re-engineering and optimization of the electric charger of the electrical products
The revenue and profitability will be maintained along with having a good diverse range of products and brand reputation as it considers the perspective of the customers and planned to optimize the price with new features.	To present the organization through marketing as one who thinks of its customer’s needs and consider fair buying price and maintaining the quality of the product.
Run a market survey and study among competitors, customers and suppliers to identify the brand value that directly influences the decision of optimizing the price with new features of the electric charger of electrical products	Give out the image of the organization that has an excellent market analyst that help the organization plan strategies that will optimize the cost along with optimizing the	To gather information about the brand value and use the information for developing pricing strategies that will be optimized and price the product in an affordable, competitive price range.
Have enough information about the market demand and use the information to optimize the price along with maintaining the quality and profitability of the organization.	To gather information about the brand value and use the information for developing pricing strategies that will be optimized along with maintaining the quality and profitability of the organization.
Returning internal test to recognize spots that can be modified to reduce the production cost and eventually optimize the price	Know the entire business procedures and activities involved in the business	To have information about the minute details of the business organization.
Identify the places that contribute the high pricing even after having the regular quality of the product	To identify activities that can be modified or reduced from the business procedure that will directly help in optimizing the price

Project scope document

This template is a tool that can be used with key stakeholders to clearly define the logical boundaries of the project. Ensure that you note any requirements that are OUT of scope to achieve absolute clarity about what is and is not covered by this project, and to avoid the potential for problems later on.

In Scope	Out of scope (exclusions)	Assumptions	Constraints
Reconsider the existing strategies for pricing and adding new features to the electric charger of electrical products and develop new strategies that will optimize the price with new features to the products in an affordable range to the customers and differentiate among competitors. These are items that you are definitely going to deliver / manage	Develop an image of an organization that is concerned about the investment made by its customers and reconsider the current prices with new features of the electric chargers. These are items that you are not responsible for – the assumption is that someone else will do them. Exclusions are things that don’t form part of your project but could influence whether or not you can successfully achieve your objective	The quality of the product will remain good while reducing the production and engineering cost. The internal activities will be modified only that will contribute to the optimization of the price. Knowledge about the project that is taken as being true or correct for the purposes of project planning. Assumptions are circumstances and events that need to occur for the project to be successful, but are outside the total control of the project team	These could include any restrictions in start/finish date, time, deliverable or milestone dates, budget limitations, resourcing limits, vendor restraints, etcLimited market share and revenue. LLimited business growth and the possibility of cross-selling Time constrain by engineering professionals with their existing work. nojn-coorpeatoiNon-cooperation from the suppliers in reducing the price of the materials supplied while maintaining the quality of the materials for the product.
Issues not resolved: Need for one week period a microelectronics engineer and International resourcing specialist
Project Sponsor: EvBox Ltd	Version: 1	Project Client: Customers
Date: 10.3.2020
Project Manager: Matt	File Name: 1897_Final_Internal_Activity_Template-ProjectScope_Task_1.doc	Page 1 of 1

The Work Breakdown Schedule (WBS) –This information can be transferred to MS Project

The logical sequence of activities that comprise the project from start to finish

Identifier	Activity	Responsible	Effort	Start Date	Finish date
1	Appointing a Project Manager	Manager	To build a project team through selecting key people internally and some externally through resumes of technical people and finalize one.	01.04.2020	07.04.2020
2	Explaining the work and necessity for the project of re-engineering and optimizing the cost of the electric charger an electrical product	Manager	Explain and brief the details of the project to the project manager and team	08.04.2020	10.04.2020
3	Surveying the market and identify the pattern in current demand in charging space.	Project manager	Studying the patterns of the request made by potential customers against the pricing and simultaneous charging feature of electric chargers.	11.04.2020	20.04.2020
4	Analyzing the information collected after the market study	Project team analyst	Identifying the possibility of revenue and profit after optimizing the price and features of the product	21.04.2020	30.04.2020
5	Run a market survey and study among competitors to identify the brand value that directly influences the competitors and market.	Project team	Brand value and use the information for developing pricing strategies that will be optimized and price the product in an affordable range with latest features.	31.04.2020	14.05.2020
6	Run a market survey and study among customers to identify the brand value that directly influences the market share.	Project team	Brand value and use the information for developing pricing strategies that will be optimized and price the product in an affordable range with latest features.	15.05.2020	24.05.2020
7	Run a market survey and study among suppliers to identify the brand value that directly influences the supply chain.	Project team	Brand value and use the information for developing pricing strategies that will be optimized and price the product in an affordable range with latest features.	25.05.2020	02.06.2020
8	Provide a plan that consists of the optimized costing of the product with new features.	Project team	Plan the cost of the products that will not run the current business in loss	03.06.2020	10.06.2020
9	Data analysis and assembling all the collected information and developing a final project report	Project team	Present the document stating the potential risk of the optimization along with indicating the possibility of revenue growth and profit margin.	11.6.2020	17.6.2020
10	Handover the project	Manager	Verify the work and production for sample product.	18.06.2020	21.06.2020
11	Closure	Manager	Close the project	22.06.2020	23.06.2020

Stakeholder Analysis Activity

Step 1:Clearly state the project you wish to work on.

To plan strategies to optimize the current price with new product features of the electrical charger product while maintaining the quality of the electric chargers.

Step 2:

Identify the people that will be affected in any way as a result of this project. (Brainstorm to incorporate as many people as you can)

The people that will be affected in any way as a result of this project are:

• The employees who will need to increase their working capacity to reduce the production cost
• The R&D department to work on new features for the electric charger.
• The suppliers who will have to reduce the existing cost of the materials and charge an optimized cost
• The investors who will need to pay more for the latest production machinery that will reduce the production cost
• Customers who will be benefited from the optimized price with new product features.

Step 3:

Classify these stakeholders by the power or influence they may have over your project.

High Power low	Keep Satisfied Investors Suppliers Customers	Manage closely Suppliers Employees
Monitor (Minimum Effort) Employees Suppliers	Keep informed Investors Employees
low	Interest	high

Step 4:

Establish some strategies to keep these people informed and onside with your project.

Monitor: (minimum effort)

Inquire about the satisfaction of the employees who will be working extra in the same wage however receiving other benefits such as leaves on a regular interval

Communicate with the suppliers to explain to them the necessity of the optimization.

Keep satisfied:

The organization might inform the investors, suppliers, and customers about the plan of optimization of the price and new features along with explaining the entire procedure of the optimization.

Keep informed:

The organization must submit a progress report of the changes observed in the process of optimization of the price and re-engineering works to the investors.

Manage closely:

The organization must have a meeting regularly with the suppliers and update them about the process and outcome.

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