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1 WEEK 2 HOMEWORK Student Name Project and Change Management Wilmington University July 14, 2023

2 WEEK 2 HOMEWORK Memo To: Top Management From: …………………… cc: ………………………… Date: ……………………………… Re: Initial Assessment of Each Project Chapter 4 Task 1 Name of the Project How the project supports the business strategies Financial Benefits Assessed Value of each Project Wealthy Unite Primary objective of the Wealthy Unite project is to create and maintain the business model of the project. Wealthy Unite is an online service that offers a complete money management system to help you with financial planning and investment. $155,000

3 WEEK 2 HOMEWORK Global Smart Shoppers The Global Smart Shoppers project uses innovative approach to support sustainable and scalable business methods. It enables organizations to use technology to help consumers manage their finances and make more money from their purchases. $200,000 Global Treps Need to establish the needed knowledge to use techniques such as brainstorming and idea validation. Requirement to apply the knowledge, ideas and techniques learned in practice using examples from the organization. The project offers a special plan for customers by financial benefits. Offers a fixed term to the customers paying a minimum amount. $136000 Change the Laws Campaig n Change the laws project supports the business strategies of government organizations through helping in shaping public sector policies, which improve the business of government organizations. The goal of the campaign is to raise awareness and improve public knowledge of some of the laws that can be used to regulate or control financial products. $110,000 Task 2.

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4 WEEK 2 HOMEWORK Task 3. 1.0 Introduction/ Background The Global Treps is a global project intended to increase the efficiency of the global economy and increase the number of jobs and reducing unemployment. It is equally based on the hypothesis that the manner of thinking on the global economy is incorrect. 2.0 Business Objective The objective of the Global Treps is largely meant to develop as well as maintain an open source, collaborative, distributed environment empowering organizations and individuals to collaborate. 3.0 Current Situation and Problem/Opportunity Statement The Global Treps Project seems to provide a complete solution for a range of applications in organization. It generally remains created to address the problems people are encountering in their organizations due to poor use of Treps.

5 WEEK 2 HOMEWORK 4.0 Critical Assumption and Constraints The Critical Assumption is the rationale for the purposes of development of any information technology, and its application, that will support its use. 5.0 Analysis of Option and Recommendation The recommendation of global Treps project remains cantered on one of the most valuable information and the aspect of high quality score which should be put into the global Treps project. 6.0 Preliminary Project Requirements The preliminary project requirements for Global Treps Project is regarded to be prepared by the Subject Matter Expert (SME on the basis of the information given in the project brief document in place. 7.0 Budget Estimate and Financial Analysis Estimated cost for the project is $155,000. The increase in reliability with minimum out-of-pocket expenditure is seen by reducing their downtime. 8.0 Schedule Estimate The Schedule Estimate of Global Treps project is estimated at 6 months of an estimate of project duration and a cost summary that at the top of the report, one will see a breakdown of the project phases in existence. 9.0 Potential Risks There exist given potential risks as well as issues of the global treps project. Thus, the risks associated with Global Treps project are exhibited as being in every project because of the unknown nature of the project. 10.0 Exhibits

6 WEEK 2 HOMEWORK Exhibit A: Financial Analysis Task 4. Project Title: Global Treps event and Website/App Development Project Date of Authorization : 03/17/2023 Project Start Date: 05/14/2023 Project Finish Date: 05/14/2023 Key Schedule Milestones: Complete production version of the website/application Hold a Shark-Tank like event every 2 weeks Complete beta version of the website/application Budget Information: The firm has allocated $155,000 for this project. Project Manager: Grennlen Salm, gren001@my.wilmu.edu Project Objectives: The intended plan is meant to complete the Beta version of the website/applications in two months and completing the project in 4 months. Main Product Success Criteria:

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7 WEEK 2 HOMEWORK The expressed product should be effectively completed and fully tested in the next 4 months as addressed. Therefore, the complete product will align with Global Treps strategic goals in place. Therefore, the Sponsor, Dr. K, will further give the final signoff. Approach a. Operate with our marketing coordinator and sponsor to make sure events are set up ahead of time as well as building branding for our website and app. b. Need to utilize our quality assurance engineer to full test our product at the end but as the project is moving forward. c. Exhibit a clear scope of development and use of resources documented in our product management software in two weeks. Have a daily stand-up calls to ensure we are making progress to our end goals and maintaining a good idea of what the progress status is. d. Perform a weekly meetings with our sponsor to review the scope of our project and provide progress updates. Roles and Responsibilities: Name Role Position Dr. K Sponsor Sponsor Vincent DiMarco Project Manager Manager Bobby Team Member Developer Ashok Team Member Developer Kim Team Member Quality Assurance Engineer

8 WEEK 2 HOMEWORK Alfreda Team Member Marketing Coordinator

9 WEEK 2 HOMEWORK Task 6 Project Name: Global Treps Date Request submitted: 05/15/2023 Title of Change Request: Holding the implementation of online version of the show initially. Change Request Number: 001 Request/Submitted by: ………………… Change Category: Scope, Schedule, Cost, Technology, Other Change Description: The restriction of the implementation of given online streaming and viewing of the show initially that enhances need to focus on the key aspects of the project and reduces the burden on resources. Change Reason: Implementation of everything initially would be a burden and time consuming as the change is proposed to focus on the pivotal aspects of the project that will be delivered on time. Justification for the change/why it is needed/desired to continue/complete the project: The processes of allowing the project teams to effectively focus on the project’s major implementation that they can work on all the existing bugs and glitches. Furthermore, the online streaming requires a huge infrastructure to effectively conduct the live streaming through various sources. Impact of the proposed change on:

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10 WEEK 2 HOMEWORK Scope: The scope of the project is considered as simplified, that allows the project teams to focus on the primary goals in place. Schedule: the project deliverables become delivered on time as the burden on infrastructure and resources are regarded as being low. Cost: Reduction of the project costs as the infrastructure that is required for online streaming as being eliminated. Staffing: Efficiency might be achieved as an overhead becomes eliminated. Risk: No aspect risk is associated by eliminating the additional feature of the project. Other: All the related resources can be effectively allocated to work on the key aspects of the project, once the suggested change request is approved in essence. Required approvals Name/Title Date Approve/Reject Grennlen Salm Jaya/Team leader

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