Financially capable project Essay
The case study deals with successfully achieving a financially capable project by producing a musical compilation of CD’s from various artists that shall be presented to the general public. To make the plan feasible the stakeholders who include Jack Grove the founder of GroveGroove Studios and Bruce Mason the founder of VivaSpec Recordings established the goals of the project, provided the initial funding and will hired competent manpower to consummate whatever objective they may come up with.
The draft of the plan was then formulated when the two stakeholders decided to have a meeting. The initial draft of the plan was to get the CD to retailers and distributors in time for the next holiday season. Grant Kohler was selected as album producer, the time frame was decided and the project will extinguish when the products was available for sale and distribution. Kohler was bestowed by the stakeholders for the responsibility of accomplishing the project. To begin with, they divided the areas of work in order to accomplish the plan prior or on the time frame specified.
The finance team was Grove, Mason and Kohler which shall handle the funding; the technical team’s composition was Tim Prowse and the staff of the
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Developments were reported during the first project launching. The advertising group focuses on concepts and advertising, while the content team began to work with the designs and graphic layout of the album. This were necessary step to trigger the interests of the public on the new project, thus Grove suggested that it should be prioritize prior to program launching. Kohler however diverted to technical team for bunch of recordings and coping with the deadlines as it was the foundation of the project. Sertis and her team decided to work with the advertising group.
As a result thereof, the technical team were nearly finish only some polishing on their works is required, the content team were left behind on its predicted date of accomplishment thus the midterm objective were quite unachievable. The marketing team used state-of-the-art advertisement and it earned a satisfactory approval. The content team was able to deal with the lost time and have finished the expected designs. The marketing team began to work with sales-oriented objective, the content team modified their Web by adding the interactive portions for individual artists and web site maintenance was applied.
The Orchid Group was the wholesale distributor of the product. Several modifications were applied on the Website in order to apply the current trends. The factors which attributed to their success range from the manpower and artistic skills, their being adept to the tasked given, time management coping with deadline and proper decisions which includes first things first, the things that needed to be prioritized and capable of changing in order to ensure the success of the business.
Diverting on the original structure of the plan does not however infer that things will be messed in the end, sometimes modification is a successful strategy as part of the alternative course of the business. Kohler work hand-in-hand with the team to see the progress being made up, this substantial element of dedication became one of the successes of the project. Opportunities were also taken advantage such as the selected date of campaign for the upcoming trade show season. Every business is prone to risk. Competition perhaps is the leading risk.
Non-compliance is another. Kohler acts as a middleman in which case, the team’s problems was out of the stake holder’s reach. There is lack of links on the actual workers to the stakeholders. Eliminating this important feature will curtail the achievement of the business key priorities such measures of success. The success of the project became apparent and the goal was reached, the primary objective was achieved notwithstanding the faults being made. The project was extinguished and it shifted rather to marketing by winning the public taste.