Fundamentals of Project Management

Defining the Project

Using the South University Online Library, research any project of your choice. You may use the project you chose for the week 1 discussion as long as it meets the criteria listed below.

The project you select must meet the following criteria:

• It must fit the definition of a project as described in the PMBOK® Guide glossary and text.
• It must be real or realistic.
• It should be large enough for a dedicated organizational commitment (preferably a capital investment) but not too large for one organization to accomplish (minimal outsourcing).
• It must fit into one of the "nonnumeric model" categories as described in the course textbook.
• It must be subject to evaluation through numeric models as described in the course textbook.

Based on your research and project selected, create a project charter as described in Section 4.1 of the PMBOK® Guide. The project charter should include the following:

• An outline of the information indicated in Section 4.1.
• All items indicated in the PMBOK® Guide for which at least some elemental information exists at this point.
• Highlights on how the project you selected meets the selection criteria listed earlier.
• A description of the major components of the strategic management process.
• An explanation of the role projects play in the strategic management process.
• How are projects linked to the strategic plan?
• An explanation of the impact of classifying projects as either compliance, strategic, or operations projects.
• An explanation as to why return on investment (ROI) should not be the sole metric used to choose projects.
• A discussion of the pros and cons of the checklist versus the weighted factor method of selecting projects.

Submission Details:

• Provide your answers in a 3- to 4-page Microsoft Word document, using APA style.