Presenting the Project
Presenting to financers, your management team, client, or work group is a skill that professionals need to master. Multimedia presentations are the norm today.
The project is nearing completion. This is your opportunity to let stakeholders know how they will benefit from the project. Be persuasive and professional. Keep in mind you did not work on this project alone. Good leaders share the credit with their teams.
The project is establishing a “Rewards Program.”
Presentation Script
· Create a script to accompany the presentation. It should be persuasive and targeted to the group chosen for this presentation. It can be written in a conversational style but since you are engaging in research, cite in the script and add a reference list in APA format.
PowerPoint Presentation
· Create a professional PowerPoint. You will be assessed on the design of the presentation (including colors, backgrounds, professionalism, font, graphics). Optional content: Sound, videos, animation.
· Wording on slides should be bullet points or short overviews of what you will discuss when each slide is shown. You want your audience to pay attention to you and not read along on the slide.
Assignment Expectations
This part of the SLP should be at least 15 slides.
References:
M3 Chapter 10 Quality and Statistics
-44 pages
8 Essential KPI Metrics for Teams (3:32)
How to Measure Project Success (2:54)
Project Success Criteria, Success Factors and KPIs (1:59)
Success Factors Project Management (4:01)
Project Management Across the Project Life-Cycle (7:45)
A Guide to the Project Management Body of Knowledge (PMBOK®Guide) – 211 pages
http://www.cs.bilkent.edu.tr/~cagatay/cs413/PMBOK
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WBS and Project Schedule
Work Breakdown Schedule
As shown in the figure below, the Work breakdown schedule (WBS) defines the project.
As shown, everything undertaken in the project is displayed in a single and easily understandable
chart. It breaks down the project’s most complex and crucial activities into small and manageable
segments. In the employee reward project, they will be five critical stages of the project, which
will enable the smooth running of the project, and in addition to that, there will be accountability
in each step (Zhu et al. 2020).
The project might look easy to execute but considering that the company will incur costs
and resources to undertake the project, it will be wise to make sure that every execution process
is brought to account to avoid mismanagement of funds. In summary, the below WBS describes
the deliverables needed for project completion, and this will enable the project team to be
focused and keen on what they need to achieve (Zhu et al. 2020).
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https://online.visualparadigm.com/w/vwxriyzo/diagrams/#diagram:workspace=vwxriyzo&proj=
0&id=1
Project Network Schedule
As shown in the schedule network diagram (SND) below, it further breaks down the
WBS structure by describing the project deliverables and, in addition, offers the timelines of the
project. This is simply giving a picture of the “What,” “When,” and “who” of the project and
shows the order of how the activities will be carried out and the logical relationships of the
activities (Tao & Dong, 2018).
In the below SND diagram, the critical path is the start to the project design and
recommendations stage to project team selection to project review and documentation and finally
completion, taking twelve days to ensure the project is complete. Identification of the critical
path is essential to the project team leaders as it will enable them to have an accurate estimate of
https://online.visualparadigm.com/w/vwxriyzo/diagrams/#diagram:workspace=vwxriyzo&proj=0&id=1
https://online.visualparadigm.com/w/vwxriyzo/diagrams/#diagram:workspace=vwxriyzo&proj=0&id=1
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the project’s total duration. It will help identify task dependencies, resource gathering and
determine the project risks.
Also, in the identification of critical tasks that have no slack and ensure on-time
completion, monitoring of the project progress and measuring of the schedule variance, enable
use of schedule compression methods and measuring of the schedule variance and most
importantly, it will allow for the prioritization of tasks and create realistic project schedules. The
critical path in the below sequence is created using the critical path method to allow the project
manager to create a project schedule and estimate the total project duration (Adeyemi, 2021).
Some of the crucial components of the critical path that are important to identify are the earliest
start time (ES), the latest start time (LS), the earliest completion time (EF), the latest completion
time (LF), and the float.
The below SND diagram will be used in the project to discuss the sequences and
dependencies and the communication from the company; it is also the basis of identification of
critical paths, for instance, the chain of events that have the most extended duration. Overall, the
project comprises five stages: project start, project planning, project approval and team selection,
project review and documentation, and project end and follow-up. This handy visualization tool
will help speed up the project’s activities (Tao & Dong, 2018).
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https://www.edrawmax.com/online/share.html?code=6e52042e739711eca5f10a54be41f961
https://www.edrawmax.com/online/share.html?code=6e52042e739711eca5f10a54be41f961
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References
Adeyemi, B. (2021). Determining effective permeability at reservoir scale: Numerical
simulations and critical path analysis (Doctoral dissertation).
Tao, S., & Dong, Z. S. (2018). Multi-mode resource-constrained project scheduling problem
with alternative project structures. Computers & Industrial Engineering, 125, 333-347.
Zhu, M., Wang, S., Zhang, L., & Zhang, Y. (2020). Research on mobile cloud service model
based on WBS. In MATEC Web of Conferences (Vol. 309, p. 02013). EDP Sciences.
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Project Feasibility Assessment
Project Description
The project is “A Reward Program for a Soft-Drinks Company.” The purpose of the
project is to create a program that will reward and recognize the efforts of employees at the
workplace. It is expected that the program will increase employee retention and play a significant
role in creating a more positive workplace environment. Additionally, the reward program will
help enhance employee engagement, which will lead to increased productivity of the company.
The soft-drinks company where the project will be supported is called Sky Beverages. It is in
New York and is currently the fourth-largest soft-drinks manufacturer in the United States. The
company has experienced a drop in sales and a rise in employee turnover. Pertinent research into
the issue has revealed that there is a need to improve employee engagement and retention, which
in turn will improve the company’s productivity and overall sales.
Market and Competition
Inside the organization, the end-users of the project will be the employees. These are the
individuals who will directly benefit from the reward program. Several key performance
indicators (KPIs) will be defined and used to measure the work performance of the employees.
The rewards will then be offered to the employees if they meet or surpass the KPIs. Outside the
organization, the end-users of the project will be the consumers of the company’s products. It is
expected that the reward program will directly impact the company’s productivity. In turn,
consumers will get better services and products. It is also vital to note that the completed project
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will serve additional groups of stakeholders. Apart from the consumers and the employees, the
project will also serve the shareholders. It is expected that the value of the company’s shares will
rise by at least 15%. This means the shareholders will get more profits for their stakes and that
the company’s brand will grow within the community. All these stakeholders will be consulted
in the five phases of the project life cycle. This cycle saves time and ensures every stakeholder is
focused (“The 5 Phases of a Project Life Cycle,” n.d.).
The competition in the soft-drinks industry is very fierce but is dominated by two
companies: Coca-Cola and Pepsi. Suttles (2021) reports that the top three brands account for 35
percent of the market share. Therefore, smaller companies like Sky Beverages must be very
innovative and creative in their business strategies to stay afloat and increase their market shares.
The size of the soft drinks market in the US is currently valued at $253.7 billion with this figure
expected to rise by 5.1% over the next decade (Size, 2018). Therefore, Sky Beverages can utilize
the Reward Program to influence its overall growth and ensure it benefits from the forecasted
growth in the soft drinks company in the foreseeable future. Competitors control the majority of
the market through aggressive marketing strategies and innovative product designs. More so,
they actively engage the consumers to ensure they make products that will be well-received by
the masses. Consequently, the selection criterion of the project is to keep up with the competitors
(“Chapter 7: Starting a Project,” n.d.). The reward program will help Sky Beverages maintain the
current employees and attract top talent, which in turn will increase its productivity, sales, and
market share.
Technical and Resource Requirements
According to SHRM (2018), HR Departments should allocate around 1% of their payroll
on rewards and recognition. Therefore, Sky Beverages will structure its budget to ensure that 1%
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of its payroll goes into the implementation of this program. The reward program will cover three
costs: service awards, peer-to-peer recognition, and manager-to-peer recognition. A conservative
approach will be taken when starting the program. Therefore, there will be an allocation of $200
per employee divided as follows: Service Award ($100), Peer-to-Peer Recognition ($50), and
Manager-to-Employee Recognition ($50).
Recommendations
Based on the findings of this assessment, this project is deemed viable. For starters, it has
been determined that the implementation of the project will take up 1% of the company’s
payroll. This is a significantly low amount to start the project with and can be increased in the
future depending on the program’s success. Second, it has been deduced that the competition in
the soft drinks industry is very intense. Considering that Sky Beverages is not a major player in
the industry, it must be innovative to increase its market share. The reward program will help
Sky Beverages maintain the current employees and attract top talent, which in turn will increase
its productivity, sales, and market share. Finally, all these stakeholders will be consulted in the
five phases of the project life cycle. Therefore, the program will be kept in constant supervision
to ensure it attains its goals and helps the organization to grow.
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References
“Chapter 7: Starting a project.” (n.d.). Saylor.
SHRM. (2018). Using recognition and other workplace efforts to engage employees. Society for
Human Resource Management. https://www.shrm.org/hr-today/trends-and-
forecasting/research-and-surveys/Documents/SHRM-
GloboforceEmployeeRecognition%202018
Size, W. B. P. M. (2018). Share & Trends Analysis Report by Product, 2018 to 2025. Grand
View Research: San Francisco, CA, USA.
Suttle, R. (2021). Soft drink market research competitor analysis. Small Business.
https://smallbusiness.chron.com/soft-drink-market-research-competitor-analysis-
35166.html
“The 5 Phases of a Project Life Cycle.” (n.d.).
