Project plan to design and manufacture a new product

First, find some data chart for the following document, and then make a 5 minute speech ppt for this document.ty.Here is my classmate’s video and ppt. You can make a reference.
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Proposal Project Plan
Project Plan to design and manufacture a new product
Project View:
If there is something that is competitive in the markets of the modern world. Every day,
companies are not sleeping with the aim of progressing and being on top of other companies that
sell the same services and products. The new technologies and invention have encouraged
competition to be stiffer, and any delay or slow go on any business can cause a lot of losses.
Every organization of the modern world has set aside a special team which is based on research
on the latest trends that is technologies inventions and ideas to make sure they are always a step
ahead or the same level with other companies. Due to unawareness of the company, it was late in
the production of a new product which has cost a lot forcing an immediate action to be taken.
The main purpose of the project will be to produce and manufacture a new product in the
market that will be able to meet the demand of consumers as well as compete with other
company’s products. The project idea is based on the recent competition our products have
experienced in the market. The proposal is on the way to deal with the competitive and wellbranded goods in both the local and international markets. Through this ideal project, the
company’s products will be able to have a competitive advantage over other products. It is
proved to be a workable idea after carrying out several surveys in the local markets. A special
team of three people did extensive research on the best product type to produce the latest
consumer taste and preferences. The Company has continuously incurred massive losses due to
the fierce product competition.
With the current situation in our business company, this has to be done to improve the
performance of the company as it seeks to achieve the set goals. With the day to day losses, our
business is on the verge of collapse. There is an excellent need to explore the best way of this
situation- which can be realized through improving on the current product as well as coming up
with a new product that is not there in the market. There is a need for innovativeness to make
sure our employer gets back to the regular performance. This is an idea which has worked even
in other places. There is need to roll out this project to prevent the collapse of our business like
others have done before.
The project will require approximately $100,000 for its implementation. Having done an
in-depth analysis, it is evident that the benefits of the projects will outweigh the costs of
implementing the entire program. With the resources, the head teams will be able to head the
plan to its conclusion as well as ensure the value for money is got.
Step1: Planning phase
The planning process is a very critical process in any project. The reason is that it is the
first step and the step that matters a lot on the outcome. Different types of planning are made, but
the project will focus on the planning process that involves all the business people. The reason is
that every employee has their ideas and some ideas might be of benefit. Involving all employees
will also create a motivation because all employees even the lowest ranks feel like they are still
of worth to the company.
Therefore, under this first stage, all the employees of the business are called upon all to
participate in the planning process for the project. After brainstorming the colleagues will be
required to come up with more strategies to add to the existing one as well as corrective actions
if the thought out plan fails to take off. All, starting with the management of the lower-cadre
employees will have a role to play. The delegation of authority and responsibility will play a role
here. Time duration to expect results will also be calculated during the planning process. Since
different steps will be involved, each step will be assigned a specific time to ensure that the plan
is going accordingly to the set standards.
Step 2: Possible risks and problems
There is always a possible risk or problem likely to occur in every project. Many projects
have started but end without being finished because a certain problem or risk was not solved at
the right time. In our project, after careful planning, every team member will write possible
problems and risk of the project. After each risk and problems have been written down, there will
be a meeting to address the issues and how they will be solved when they occur in the project.
Each problem will be documented accordingly along with their solution so as the team be ready
and waste no time when any problem occurs. The process will help the project to be smooth and
the objectives set to be achieved without much trouble and lots of time being wasted.
Step 3: Team organization
The second step is team organization. Team organization is the process where every
employee is given specific roles to play. It helps to facilitate projects and avoid confusion and
possible conflicts during the project. It is crucial to ensure that team organization is elaborated
after everything has been planned, possible problems identified and possible alternatives strategy
if it comes to it. The members of the project team will have clear and distinct roles to play. There
will be a group charged with collecting views from the customers; others will be involved in the
designing and manufacturing of the new product. The other team will oversee all the activities
taking place in the manufacturing section. During the period of making the product, all will be
involved in doing things to add value to the company. Members will also be assigned to roles in
the alternative strategy of the project so as when it comes to that, there will be no time wastage.
Step 4: Implementing phase
After every member of the team know their role (how they are supposed to run and the
time they are expected to finish), it is important for implementation process to take place.
Therefore, as soon as the process is over, the implementation is going to take place where the
group of salespersons will be tasked with providing the new information about the product to the
customers.
Step 5: Feedback phase
The salespersons will provide the responses from the clients for any further improvement
on the new product. Any positive or negative needs to be analyzed critically to ensure that their
primary stakeholder is satisfied with the product.
Step 6: Product launch
With the provision of the resources for the implementation of the product innovation
process, a period of around half year will be adequate. The new product will be in the market in
the fifth month of the process of producing better and goods of higher quality. Upon reception of
the feedback, more improvements may be made to develop products that will outdo the
competition in the market. During the progress of the project, the plan and objectives will also be
observed and compared to ensure that everything is going according to how it was set to happen.
The Project Plan aims at ensuring that the best outcome is got in the long run to help improve the
company’s performance both within the country as well as in the foreign markets. The success of
the project will achieve three main things that the company needs desperately. The first is higher
profit margins due to more sales. The other one is customer satisfaction which will improve the
reputation of the company. The last one is the creation of motivation among employees and all
other company’s staff because they will see the positivity of the result they worked had to
achieve creating more energy for future working.

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