Individual tasks as well as work toge r as team to

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Successful Project Management
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Chapter 9 / Exercise 1
Successful Project Management
Clements/Gido
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individual tasks as well as work toge r as team to accomplish project’s goals. Finally, managing team during project guarantees that each member is meeting performance standards and as changes occur, team resources can be shifted to meet demands. final phases of execution phase include distributing relevant information to stakeholders based upon schedule set in project plan, ensuring that this communication answers any questions stakeholders have regarding project expectations, and conducting any necessary procurement requirements, such as contracting with a vendor or seller. Closing Process Group Closing process group means, officially closing project by getting formal approval, acceptance from project sponsor and stakeholders. Secure and store all documents related to
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Successful Project Management
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Chapter 9 / Exercise 1
Successful Project Management
Clements/Gido
Expert Verified
WEEK THREE TEAM SUMMARY INPUT 9 project. Document lessons learned, issues and store for future referrals. And it states that project is ready to move to next phase which is usually operational phase. Closing brings a formal, orderly end to project phase or to project itself. Once project objectives have been met, Closing process group starts, it is an important processes that collects all project information and stored for future reference. Contract closeout occurs in this process group, and formal acceptance and approval are obtained from project stakeholders. se are some of typical activities that occur during closing process: 1. Performance reviews of project including management of risks and issues, any corrective actions that need to be taken 2. project management plan must be updated to reflect actual results along with any logs or registers including changes, risks, constraints and assumptions. 3. Project management best practice states that it is best to collect any lessons learned during project as well as at end as such lessons may need to be applied to remainder of current project. 4. main outputs here are a final reports which may include lessons learned that needs to be distributed to all appropriate stakeholders. Scope Description purpose of Segmentation Strategy project is to increase sales, while covering administrative costs of company and increasing profit margins. By segmenting markets into focused areas, sales executives can concentrate efforts into smaller MSA regions versus trying to cover entire country. Once segmentation takes place, company can build off of that
WEEK THREE TEAM SUMMARY INPUT 10 momentum to venture into additional markets because strategy behind project will translate into additional markets easily. premise of market segmentation is that to maximize sales to a large population of customers, it is best to divide it into logical subgroups. assumption is that by dividing one large, amorphous mass into subgroups, you can fine-tune your product, messaging, support, or distribution channels to meet specific needs of unique customer groups.

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