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Project management - Essay Example

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Summary
It will generate a schedule focused on the creation of the new scope item in the market.
Business today is intertwined with technology. This…
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Project management
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Project Management This paper is going to focus on the assessment that defines the new markets, potential revenues, high-level sales and marketing strategy. It will generate a schedule focused on the creation of the new scope item in the market.
Project Management
Introduction
Business today is intertwined with technology. This involves both small and local businesses and also international commercial markets. One of the notable primary contributions of technology to business involves marketing through advertisement (Madura 2006). Many sales departments heavily rely on technology to foster their sales through venturing in to new markets.
Through technology, various tools have been invented in the area of management which facilitates projects that would see business improvement (Madura 2006). Some of these tools include, but not limited to, Gantt charts, network analysis, part charts, budget profiling among others. These tools help different organizations to improve their businesses in different ways. For example, they help in organization of events. Generally, an organizational plan is a list of what will be done and in what way for a specified period of time (Lamb et al 2008). Organizational structures enable reporting and task distribution to be created using organizational units like departments.
Project management tools help in risk management plan. They tie together all components of risk management into a functional whole (Bausch & Schwenker 2009). These components include risk identification, risk analysis and risk mitigation. For a project to achieve its desired goals, there is a need for organization and cooperation. In terms of the quality assurance of a project, there is a need to build a team for the vision (Bausch & Schwenker 2009). A team can only be well organized if the project manager incorporates the project management tools in the designing process. This team is composed of key players who have expert knowledge on the financial, legal, operational, and marketing sectors (Lock 2007). The marketing experts play the key role of evaluating the best markets for the companies’ products (Anselmo 2010). When the management team employs project management tools in their project, the operation experts are able to facilitate operation and handling issues of technology, which may form part of the project.
In order to complete the current project successfully, the following assessment criteria would be applied. First, it will be important to identify competent personnel that will be mandated to undertake the project. Then, a project plan will be drafted in order to oversee an effective project.
In the list of individuals involved in the project will include
Market researchers - they will be involved in data collection in all potential markets. Skilled in data collection methods;
Accountants - after researchers they will collect and analyze data; accountants will carry out a potential revenue assessment. Qualified accountants;
Marketing officers - they will use the most appropriate marketing strategies to market the product. Graduates in sales and marketing with experience in marketing strategies;
Risk Relief & Customer Support - qualified customer service personnel;
Public relations officers - experienced officers with experience in public relations.
Schedule for sales and marketing procedures
Conclusion
Planning is a significant process for every project so that it would be possible to know its total time expectation (from project idealization to project closure). Therefore, a need arises for the establishment of a concept, vision, and statement for the event.

References
Anselmo, D. (2010). Marketing Demystified. London: McGraw-Hill Professional.
Bausch, A. & Schwenker, B. (2009). Handbook Utility Management.
Lamb, C. W. et. al (2008). Essentials of Marketing. London: Cengage Learning.
Lock, D. (2007). Project Management. 8th Ed. New York: John Willey & Sons.
Madura, J. (2006). Introduction to business. London: Cengage learning. New York: Springer. Read More
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