Agile Project Charter
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School
University of Massachusetts, Amherst *
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Course
656
Subject
Information Systems
Date
Feb 20, 2024
Type
docx
Pages
2
Uploaded by JudgeFreedomOctopus30
Agile Project Charter
General Project Information
Project Name
AI 2025 Initiative
Project Champion
Liz (Director of IT)
Project Sponsor
Company
Project Manager
Group 11
Stakeholders
Liz, Helen
(Departing IT Manager)
, Murat, Business unit leaders, TPZ
(Technology Development Company)
Expected Start Date
January 2024
Expected End Date
September 2024
Project Details
Current Situation and Background
The project is motivated by the company's strategic goals of cost reduction, improved sales forecast accuracy, and positioning itself as a technological innovator. Difficulties include a change in project management responsibilities, a lack of support from business unit leaders, and ambiguity surrounding the media announcement of a competitor acquisition. There is a need for change because it seems that the company's culture is not keeping up with innovative practices. Within a given timeframe and budget, the project manager's
responsibilities include realigning objectives, overcoming the information gaps, and creating a roadmap for an AI implementation that is successful.
Project Goals
Comprehensive AI tool for forecasting consumer demand
Summary dashboard for executives
Successful integration and transition from existing forecasting methods
Project Benefits
Cost reduction through streamlined forecasting
Improved sales forecast accuracy
Enhanced external reputation and Wall Street perception
Scope
The project's main goal is to create and deploy a global artificial intelligence tool that will streamline forecasting procedures, improve accuracy, and cut expenses by possibly laying off employees. Along with aligning with an acquisition announcement, it involves building an executive dashboard. Exclusions include focusing on more general project goals and leaving operational details to stakeholders, as well as avoiding specific involvement in AI development, TPZ's workplans, severance financials, stock market performance, and personnel transition strategies.
Schedule
Kick-off Meeting - January 15, 2024
Completion of AI Development - June 30, 2024
Summary Dashboard Presentation - August 15, 2024
Full Operational AI Implementation - September 30, 20234
Budget
Not to exceed $500,000
Measures of Success/KPIs
Successful AI tool implementation
Achieving cost reduction targets
Seamless transition for Forecast Teams
Positive media and Wall Street perception
Resources
Role
Signed
Date
Project Sponsor
Project Manager
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