Determining the project charter Assignment Example | Topics and Well Written Essays - 750 words

Determining the project charter - Assignment Example A recent study indicated we pay 20% more than other companies in our health care premium for our employees due to their health issues Our concern is the increased health care costs for providing insurance premiums for our own employees due to their ill health , which not only raises our internal expenditure but loss of man days through absenteeism leads to decreased productivity thus impacting the profitability of our organization. Hence we want to create a Recreation and Wellness Intranet Based Health Monitoring system for our employees where we want to introduce health improving strategies like involving employees in physical fitness programmes like soccer, jogging and other well being programmes during the recess period. Then stress reducing classes , motivating employees to quit smoking, manage Body Mass Index, making diet charts through dietetians and incentivizing those who attend these programmes. The implementation of the project will cost 2,50,000$ but the net savings over a 4 year time period would be around 30,00,000$ with a projected 30$ savings per employee/year considering 25000 employees with an additional profitability of 27,50,000$ in 4 years. Thus the implementation cost is only 10.5% of the profitability. Q4. Creating a mind map is useful rather than deploying task hierarchy because it gives an immediate project design plan and helps to assess the benefits and pitfalls of each step so the backup plans are ready and in times of real system failure can be implemented.