PM-FPX5018 Assessment 1

Develop a Project Charter, using the provided Project Management Plan template, based on Cosmo, Inc., a leading company in the development and distribution of wearable technology products, or your own selected business.

Collapse AllIntroduction

This portfolio work project, a project charter, is based on your selected business and is the first key component of your project management plan. You may base your plan on Cosmo, Inc., a developer and distributor of wearable technology, or use a business of your choice.

A project charter describes the approved project objectives and project management. It authorizes the project manager to use resources to complete and deliver a specific deliverable, result, or product.

Overview

The course assessments build upon one another and must be completed in sequence. The project charter is the first key component of your project management plan. You will base your plan on a workplace project or for Cosmo, Inc., a developer and distributor of wearable technology.

A project charter describes the approved project objectives and project management. It authorizes the project manager to use resources to complete and deliver a specific deliverable, result, or product.

Be sure to review and familiarize yourself with the assessment instructions, scoring guide, and Project Management Plan template for each assessment and consider how the project management plan ultimately affects your workplace project or with Cosmo, Inc.

Scenario

For this assessment, choose either Path 1 or Path 2. You do not need to do both. Your instructor will grade both options using the same scoring guide.

Path 1: You will create a charter for a project at your workplace. The plan must include (but is not limited to) the following criteria:

• Clear business objective and a specific completion outcome.
• Project team members have defined roles and responsibilities.
• Cost estimates that serve as the basis for a budget are used as part of the plan development process.

Path 2: Based on the analysis completed by a task force at Cosmo, Inc., the marketing department must develop, implement, and test a new marketing campaign focused on maintaining current customer levels and increasing their customer base through the utilization of new technology. Refer to for more information as you develop a project charter.

Your Role

For both Paths 1 and 2, you are the project manager.

Preparation

You are encouraged to use our courseroom AI tool to assist with completing course assessments. This tool has been trained to guide you through our course assessments. To use it ethically and effectively:

• Review the assessment instructions thoroughly.
• Start by generating initial ideas or drafts yourself, then use the AI tool to refine your work, or collaborate with the tool to identify a strong starting point.
• Craft thoughtful prompts to guide the AI tool toward helpful outputs, such as outlines, research ideas, clarifications, or step-by-step recommendations.
• Carefully evaluate AI outputs for accuracy and relevance.
• Iterate by refining your prompts and improving AI-generated responses.
• Approach complex assessments by breaking tasks into manageable segments or components.
• When stuck, ask the courseroom AI tool for advice on creating effective prompts.
• Once satisfied with the AI’s output, revise, synthesize, and polish it manually.

Use this opportunity to become an AI expert! As you do, consider how you will apply tools like these in future work settings where your leaders, colleagues, clients, and customers will expect the highest levels of professional excellence, accountability, and ethical responsibility.

Instructions

Using your choice of the following templates, develop the Project Charter section of the Project Management Plan:

• .
• .

Fill out the following sections:

• Business Need.
• Briefly describe the business need for Cosmo, Inc. or your selected business. Indicate how this will align with organizational strategic goals and objectives. Include quantitative information that supports the severity of the problem (performance metrics, costs metrics, customer satisfaction metrics, and so on).
• Project Objectives.
• Provide a brief statement regarding the implementation of the project, and then use bullet points regarding the major deliverables.
• Approach.
• Describe the business requirements for the project. How will the project be managed? For example, “This project will be managed in accordance with the PMI approach as modified.” Provide specific tools or techniques that will be utilized per project phase.
• Assumptions.
• Explain project assumptions. For example, it is assumed that the budget will be available to support the project and will require no update.
• Constraints.
• Explain project constraints. For example, the resources for the project may not be available as needed, and alternative solutions may be required. Provide mitigating strategies for each constraint.
• Dependencies.
• Explain project dependencies. For example, this project is dependent on the construction feasibility project (name) to be completed before this project can proceed. Provide mitigating strategies for each dependency.
• Initial Risk Factors.
• Analyze initial risk factors to the project. Include the impacts and mitigating strategies. For example, city permit application and approval occurs once a month. This could delay the ground-breaking tasks. Mitigation: Request a special meeting with the city planning department to gain approvals.
• Regulatory Costs/Impacts.
• Analyze the impact of regulations and costs to the project. For example, SOX, HIPAA, GLB, SEC rules, local and state licensing, permits.
• Roles and Responsibilities.
• Explain who the project stakeholders are, their roles, and their responsibilities.
• Signoff.
• Not required for this portfolio work project.
• AI Use Analysis.
• Explain Al usage with good descriptions of prompt construction, evaluation, iteration, manual revisions, and a clear rationale for choices made.
• How would you use the courseroom AI tool to support your work on this project?
• How did you craft your prompts?
• How did you evaluate the AI responses?
• How did you iterate and refine the AI outputs with additional prompts?
• When and where did you chose to revise and polish manually?
• What are some best practices for applying AI in professional settings?

Additional Requirements

Your assessment should also meet the following requirements.

• References: There is no set number of references required for this assessment. Use scholarly or academic sources where applicable.
• Format:
• Use the Project Charter component of the Project Management Plan template.
• The project charter is a professional document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines provided in the MBA Program Resources, including single-spaced paragraphs.
• Use current APA style and format for references and in-text citations. See the for APA resources specific to your degree level.
• Length: Follow the template, including the title page and reference page.

Your course instructor will provide feedback as if they were the recipient of your deliverable in the workplace, using the scoring guide to guide their feedback. Refer to the scoring guide to ensure that you meet the grading criteria for this assessment before submission.

ePortfolio

This portfolio work project demonstrates your competency in applying knowledge and skills required of a master’s learner in the workplace. Include this in your personal .

Competencies Measured

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:

• Competency 1: Analyze project management methodologies and frameworks.
• Describe the business requirements for the selected business.
• Analyze initial risk factors for the selected business.
• Analyze the impact of regulations and costs on the selected business.
• Competency 3: Analyze the application of various project management frameworks.
• Explain project assumptions, constraints, and dependencies.
• Competency 4: Analyze how leadership characteristics and behaviors affect project quality and success.
• Explain who the project stakeholders are, their roles, and their responsibilities.
• Competency 5: Communicate project management needs, opportunities, and strategies with multiple stakeholders.
• Explain Al usage with good descriptions of prompt construction, evaluation, iteration, manual revisions, and a clear rationale for choices made.
• Convey purpose in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.

Scoring Guide

Use the scoring guide to understand how your assessment will be evaluated.

Collapse AllCriterion 1

Describe the business requirements for the selected business.

Distinguished

Analyzes in a detailed and comprehensive manner the business requirements, including the business need, objectives, and approach for the selected business.

Proficient

Describes the business requirements for the selected business.

Basic

Identifies but does not describe the business requirements for the selected business.

Non Performance

Does not identify the business requirements for the selected business.

Criterion 2

Explain project assumptions, constraints, and dependencies.

Distinguished

Analyzes in a detailed and comprehensive manner the project assumptions, constraints, and dependencies, including the relevancy to the selected business case or workplace example.

Proficient

Explains project assumptions, constraints, and dependencies.

Basic

Identifies but does not explain project assumptions, constraints, and dependencies.

Non Performance

Does not identify project assumptions, constraints, and dependencies.

Criterion 3

Analyze initial risk factors for the selected business.

Distinguished

Evaluates initial risk factors for the selected business, including mitigating strategies and supporting resources to substantiate evaluation.

Proficient

Analyzes initial risk factors for the selected business.

Basic

Describes but does not analyze initial risk factors for the selected business.

Non Performance

Does not describe initial risk factors for the selected business.

Criterion 4

Analyze the impact of regulations and costs on the selected business.

Distinguished

Evaluates in a detailed and comprehensive manner the impact of regulations and costs on the selected business, including resources to support findings.

Proficient

Analyzes the impact of regulations and costs on the selected business.

Basic

Describes but does not analyze the impact of regulations and costs on the selected business.

Non Performance

Does not describe the impact of regulations and costs on the selected business.

Criterion 5

Explain who the project stakeholders are, their roles, and their responsibilities.

Distinguished

Analyzes the project stakeholder roles and responsibilities, including a comprehensive view of each participant.

Proficient

Explains who the project stakeholders are, their roles, and their responsibilities.

Basic

Identifies but does not explain who the project stakeholders are, their roles, and their responsibilities.

Non Performance

Does not identify who the project stakeholders are, their roles, and their responsibilities.

Criterion 6

Explain Al usage with good descriptions of prompt construction, evaluation, iteration, manual revisions, and a clear rationale for choices made.

Distinguished

Analyzes Al usage, including clear descriptions of prompt construction, systematic evaluation, iterative refinement, explicit manual revisions, a robust rationale justifying each decision, and reflection on best practices for using Al in professional settings.

Proficient

Explains Al usage with good descriptions of prompt construction, evaluation, iteration, manual revisions, and a clear rationale for choices made.

Basic

Describes Al usage with minimal detail, limited evidence of thoughtful evaluation or iteration, and limited rationale for modifications or decisions.

Non Performance

Does not describe Al usage or provide evidence of thoughtful evaluation, iteration, or rationale for revisions or other choices made while applying Al.

Criterion 7

Convey purpose in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.

Distinguished

Conveys clear purpose in a tone and style well-suited to the intended audience. Supports assertions, arguments, and conclusions with relevant, credible, and convincing evidence. Exhibits strict and nearly flawless adherence to organizational, professional, and scholarly writing standards, including APA style and formatting.

Proficient

Conveys purpose in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.

Basic

Conveys purpose in an appropriate tone or style. Clear, effective communication is inhibited by insufficient supporting evidence and/or minimal adherence to applicable writing standards.

Non Performance

Does not convey purpose in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.