Graded Homework

Revamping of Compensation and Benefits Project Project Scope Statement
Project Name: Revamping of Compensation and Benefits Project Prepared By
Date 12/11/2016 Version History (insert rows as needed):
Version Date Comments 1.0 Put your organization name here Page 1 Revised to accommodate PMBOK® 4 edition
th Revamping of Compensation and Benefits Project 1. Executive Summary
Provide below a brief overview of this project (for example, project purpose and justification).
The purpose is to construct a project charter which will help the company through its human
resource department in revamping the employees’ compensation and benefits package to
improve the employee’s motivation and productivity. The proposed package should be
capable of recognizing the employee’s outstanding performance in a way which supports the
core values, mission and priorities of the company. Note: In any instance where there is a discrepancy between the Project Charter and the
Project Scope Statement, the latter is considered authoritative. 2. Business Objectives
2.1 Product Description (Solution) Implement fully functional Benefits Project system To create a compensation and benefit plan which is
commensurate to the employees work load and that
which is sustainable, visible and consistence with the
company policies. 2.2 Business Objectives 3. Project Description
For each area below, provide sufficient detail to define this project adequately.
3.1 Project Scope The scope of the compensation and benefit package: Includes (list deliverables): 1. Create a flexible system
2. Recommend compensation and benefit system
which contributes to Does not include: Put your organization name here Page 2 Revised to accommodate PMBOK® 4 edition
th Revamping of Compensation and Benefits Project 3.2 Dependencies (External and
Internal) 3.3 Assumptions The assumption is that increasing employee’s benefits
and compensations will motivate them. 3.4 Constraints The constraint of this project is that it depends on the
cash flows which varies with time. 4. Project Milestones Target Date Project Start 01/12/2016 Project Complete 01/05/2017 5. Project Approach
Briefly describe how each of the following will be handled. Provide links to relevant
documents as appropriate.
5.1 Change
Management
5.2 Communication
Management
5.3 Quality
Management
5.4 Resource
Management
5.5 Critical Success
Factors
Put your organization name here Page 3 Revised to accommodate PMBOK® 4 edition
th Revamping of Compensation and Benefits Project 5. Project Approach
5.6 Risk Management
5.7 Project
Organization 6. Authorizations
The Project Scope Statement is approved by the:
Project Sponsor
Project Manager
Project performance baseline changes will be approved by the:
Project Sponsor
Project Manager
Project deliverables will be approved and accepted by the:
Project Sponsor
Key Stakeholders 7. Project Scope Statement Approval
Project Name
Project Manager
The purpose of this document is to provide a vehicle for documenting the initial planning
efforts for the project. It is used to reach a satisfactory level of mutual agreement between the
Project Manager and the Project Sponsors and Owners with respect to the objectives and
scope of the project before significant resources are committed and expenses incurred.
I have reviewed the information contained in this Project Scope Statement and agree:
Name Role Put your organization name here Signature Date Page 4 Revised to accommodate PMBOK® 4 edition
th Revamping of Compensation and Benefits Project 7. Project Scope Statement Approval The signatures above indicate an understanding of the purpose and content of this document by those
signing it. By signing this document, they agree to this as the formal Project Scope Statement document. Put your organization name here Page 5 Revised to accommodate PMBOK® 4 edition