The Woolong Company produces high-end vacuum cleaners and has hired you to oversee the development and release of their latest product. A preliminary project initiation meeting will result in the iden

The Woolong Company produces high-end vacuum cleaners and has hired you to oversee the development and release of their latest product. A preliminary project initiation meeting will result in the identification of the project sponsor, selection of a project manager, and creation of the project charter. A manager in the production department who knows you are taking a college project management course asks you to prepare a report to help them prepare for the meeting by answering the following questions:

• Who are the project stakeholders? How will they be involved in the project?
• Whom should the project sponsor be? Why?
• What skills and experience are likely needed by the project manager for each phase in the project life cycle, and how do these skills and experiences differ between the various phases?
• What kind of roles and responsibilities should the key stakeholders have? Discuss at least 4–5 different kinds of stakeholders.
• How should they communicate to different stakeholders during the project?
  • What information should be shared with the project stakeholders?
  • What is the mechanism that could be used for each type of information?
  • What is the frequency with which information should be shared?
  • What should be done if project communications are not proving to be effective?
  • What technology could be used for project communications?
  • At what point could communication about the project become an ethical or legal issue?
• What are the best ways to manage project risks as well as opportunities during project execution?
  • How do they update and analyze old risks as well as new risks while undertaking the project?
  • What business opportunity might project completion create?
  • What is the potential financial impact of the project?
  • What are the expected results of the project?
  • What value will the project add?
  • What is the potential impact to the company if the project is not finished well?

Present your findings as a Word document of 4–5 pages (not including title and reference pages) formatted in APA style, using the attached template.Submitting your assignment in APA format means, at a minimum, you will need the following:

• Title page: Remember the running head. The title should be in all capitals.
• Body: The body of your paper begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The type face should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 2–3 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
• Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lowercase usage as appropriate for the type of resource used. Remember, the Reference Page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.