Overview: In the final project, you will develop a complete project plan for a hypothetical organization. Each milestone assignment will help you complete portions of the final project. In this milestone, you will analyze the Fabricant Manufacturing Project (case study available in MindEdge) and begin tasks related to initiation. You will first define the project in the project charter during the project initiation phase.
Prompt: The goal of this milestone is to apply project management skills acquired in the first three modules to a real-world project or situation. The analysis of the Fabricant Manufacturing Project case study (in Mindedge) should include an evaluation of the selection criteria, alignment with the organization’s strategic goals, project charter elements, project initiation approval, and stakeholder analysis (Template). Specifically, the following critical elements must be addressed:
I. Project Initiation
A. Identify the economic, technical, and organizational feasibility of the project. For instance, how is the project a viable fit within the organization?
B. Explain how the project aligns to the organization’s strategic goals utilizing the traceability matrix (in Mindedge).
C. Develop a project charter that includes a high-level scope of what is to be accomplished.
D. Create a high-level timeline and cost estimate to complete the project.
E. Identify the concerns of the internal and external key project stakeholders.
F. Compare the level of support from all key project stakeholders to inform the course of action resulting in the success of the project.
G. Complete the stakeholder analysis template.
Guidelines for Submission: Your draft of the Project Initiation portion of your final project should adhere to the following formatting requirements: 3–4 pages, double-spaced, using 12-point Times New Roman font and one-inch margins. Utilize table(s) within your document as you create the high-level timeline and cost estimate. You should use current APA-style guidelines for your citations and a reference list with a minimum of two sources.