MGT437 Week 2 Team Assignment – Project Proposal Paper

MGT 437 Week 2 Team Assignment – Project Proposal PaperSelect a project as the basis for your final project. The project may be one that applies to your work or your personal life. Keep in mind, this project is used to explore the concepts of project management.Gainfaculty approval of your selected project prior to beginning your assignment. Project characteristics which work best include the following:A project that is of interest to the Learning TeamA project which requires multiple resourcesA project that is large enough in scope to apply the project management principles, yet limited enough in scope to be manageable for you within the next four weeksExamples of projects which have worked well are building a garage or planning a wedding.Prepare a 1,400- to 1,750-word project proposal. In your proposal, include the following items:Background and statement of need:Briefly describe the organization that is in need of the project. Discuss the expected benefits that are motivating the organization to commission this project.Project stakeholders: Start by identifying the project customer. This person approves resources for the project and holds your team accountable for results. Identify additional stakeholders of the project and determine how they are affected by the project.Project goals in terms of triple constraint: These are the measures which are used at the end of the project to judge the overall success or failure of the project.Time: Identify the completion date of the project.Budget: List out the expenses and any other resource constraints for the project.Project performance: List the desired outputs from the project. Specify the performance criteria for the project.Project scope: A Statement of Work (SOW) must be developed to define what is and what is not included in the project.Summary: Your proposal summary must be presented to the project customer and demonstrate that the benefits from successful completion of the project justify the proposed costs.Format your paper according to APA standards.