Winsome Manufacturing Companys Project - Essay Example

The company is glad to consider the stakeholders of the forthcoming project. A stakeholder refers to a person who is affected by the organization or who affects the organization in one way or another. The prime stakeholders in the project are the customers willing and have the ability to buy the new commodity. This is because they will affect the price and quantity. This, in turn, affects the quantity supplied. The sponsor of the project should be the company itself. This is through the owners of the company.

This can be through the shareholders or in case of joint ventures, the people involved. The company should sponsor the project because the product will bring revenue to the company in case of success.The project will 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 project's 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 for 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 for the employees who came up with the idea. The products offered by the company will also not be added.

This means that the market growth is limited and less revenue will be expected.