MDEI Project Charter DATE Project: ABC 1. Project Participants i. Project Sponsors: Name Title Address ii. Project Team: Name Name Name Name iii. Other Individuals Associated with this Project Name Position Role Name Position Role iv. Overview of Project and Objectives Joe/Jane is the supervisor of the project. He/She is responsible for the overall… Project Overview Brief Description Project Objectives Working in close collaboration with the current development team, the objective of this project includes: Possible objectives could include the following: Focused market research and development of a comprehensive market entry strategy and implementation plan. Implementation plan which provides tactical details and staffing requirements. Competitor analysis and environmental scan to identify potential future opportunities. Confidential when completed 2. Description of Deliverables List key deliverables as negotiated with the project sponsor. Provide a short description of each deliverable where appropriate. Expectations: possible expectations below 1. Comprehensive survey of competitors: a. their pricing b. their market strategy c. their advantages d. their disadvantages e. market shares 2. Comprehensive market strategy 3. Comprehensive commercialization plan a. how do we do it? b. Who should be involved? c. funding? 4. Completion of market readiness application etc., etc,. 3. Evaluation of Deliverables For each of the deliverables, how will they be evaluated? Specifically, how will you know each has been completed and how will you know what it was done well? For example deliverables 1-3 are needed to complete deliverable 4. They will be completed by submitting the market readiness application. 4. Information exchange v. Who will be responsible for managing information exchanges between the team and the sponsor? Name(s) vi. What are the expectations related to frequency of meetings or other forms of communications to keep the sponsor informed and to ensure the team is receiving the information it needs to achieve the deliverables? For example… Weekly meetings on Fridays at 11am (as determined by the project team and project sponsor) 5. Information & Resources to be provided by sponsor What critical information will you need – if any- from the sponsor? Make sure you have discussed this with the sponsor. Page 2 of 4 Confidential when completed We require information on the idea, applications of the idea… and access to his/her contacts within relevant space/industry. We also need open communication regarding his/her vision of this group and other projects in the pipeline. 6. Project Plan vii. Key tasks - Details of key tasks associated with deliverables (detail may vary with information available.) This is essentially a high level project plan. 1. Comprehensive survey of competitors: 2. Comprehensive market strategy 3. Comprehensive commercialization plan 4. Completion of market readiness application viii. Month January February Key milestones (group by month) possible examples include the following Task - Finish project charter Summary of opportunities Tech overview Product description Market opportunity & overview Background/market opportunity/customers/competitors March - April - Commercialization timeline Milestones timelines & use of funds TeamPatent Look into Provisional Refine market readiness application based on feedback 1. Business operations outline 2. Staffing plan 3. Marketing plan May 4. Legal plan 5. Business strategy (thorough) June July - Sales plan Complete business operations outline & business strategy Start marketing plan, sales plan & legal plan Complete marketing plan, sales plan & legal plan Complete staffing plan Page 3 of 4 Confidential when completed 7. Resources ix. Identify (where possible) other resources that may be required to achieve the deliverables in this project. Dr. Paul Doherty – to act as a project mentor Add more contact information, as required The project team participants below have read and agreed to the project outline above. Signature: Signature: Signature: Signature: Masters of Digital Experience and Innovation Candidates, Stratford Campus, University of Waterloo. Date: ______________________________________________/201__ Signature: ________________________________________________ Sponsor: _________________________________________________ Date: _____________________________________________/201__ Signature: ________________________________________________ Professor/Project Coordinator: _________________________________________________ Date: _____________________________________________/201__ Page 4 of 4