tata nano business plan

Tata Nano is an ambitious project of Tata Motors and is a new concept altogether, which is to launch a low cost car India. As a Project Manager of this project I will follow the project life cycle of the project and will describe the various stages. The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life.

There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project. Project activities must be grouped into phases because by doing so, the project manager and the core team can efficiently plan and organize resources for each activity, and also objectively measure achievement of goals and justify their decisions to move ahead, correct, or terminate.

It is of great importance to organize project phases into industry-specific project cycles. 1) Initiation In this first stage, the scope of the project is defined along with the approach to be taken to deliver the desired outputs. The project manager is appointed and in turn, he selects the team members based on their skills and experience. The most common tools or methodologies used in the initiation stage are Project Charter, Business Plan, Project Framework (or Overview), Business Case Justification, and Milestones Reviews.

Tata Motors had initiated the project of Nano and detailed study is done to check its feasibility. Feasibility in this case depend upon market survey, logistics of manufacturing, supply and distribution as well as financial aspects. 2) Planning The second phase should include a detailed identification and assignment of each task until the end of the project. It should also include a risk analysis and a definition of criteria for the successful completion of each deliverable. The governance process is defined, stake holders identified and reporting frequency and channels agreed.

The most common tools or methodologies used in the planning stage are Business Plan and Milestones Reviews. Nano needs planning with respect to location of manufacturing facility, source of raw materials, human resources, schedules, financial aspects, vendor lists, contracts etc. 3) Execution and controlling The most important issue in this phase is to ensure project activities are properly executed and controlled. During the execution phase, the planned solution is implemented to solve the problem specified in the project’s requirements.

In product and system development, a design resulting in a specific set of product requirements is created. This convergence is measured by prototypes, testing, and reviews. As the execution phase progresses, groups across the organization become more deeply involved in planning for the final testing, production, and support. The most common tools or methodologies used in the execution phase are an update of Risk Analysis and Score Cards, in addition to Business Plan and Milestones Reviews.

4) Project Closure. Project Closure involves releasing the final deliverables to the customer, handing over project documentation to the business, terminating supplier contracts, releasing project resources and communicating project closure to all stakeholders. The last remaining step is to undertake a Post Implementation Review to identify the level of project success and note any lessons learned for future projects. To Summarize the activities in different stages of Project life cycle for Tata Nano Project we can chart out the activities in the following chart:

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