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    Creating brand

    AwarenessDMS Electronics

    Word Count 6510 words

    Project Management in Marketing

    CIM Member 12354592

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    Assignment/Project Front Sheet

    CIM/CAM Membership : 12354592

    Unit Title : Project Management of Marketing

    Level/Award : Professional Diploma in Marketing

    Accredited Study Centre : Strategy Business School

    By submitting this assessment I confirm that I understand and abide by the CIMs plagiarism andcollusion regulation.

    I hereby give consent for my assignment/project, if accepted, to be available for CIM use in relation to

    dissemination of best practice and, or, other appropriate purposes. It is on the understanding that all studying

    member numbers would be removed prior to use for the purposes of full anonymity.

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    Project Management in Marketing Page ii

    I CONFIRM THAT IN FORWARDING THIS ASSIGNMENT FOR MARKING, I UNDERSTAND AND

    HAVE APPLIED THE CIM POLICIES RELATING TO WORD COUNT, PLAGIARISM AND COLLUSION FOR ALL

    TASKS. THIS ASSIGNMENT IS THE RESULT OF MY OWN INDEPENDENT WORK/INVESTIGATION EXCEPT WHERE

    OTHERWISE STATED. OTHER SOURCES ARE ACKNOWLEDGED IN THE BODY OF THE TEXT, A BIBILIOGRAPHY HAS

    BEEN APPENDED AND HARVARD REFERENCING HAS BEEN USED. THIS WORK THAT I HAVE SUBMITTED HAS NOT

    PREVIOUSLY BEEN ACCEPTED IN SUBSTANCE FOR ANY OTHER AWARD. I FURTHER CONFIRM THAT I HAVE NOT

    SHARED MY WORK WITH OTHER CANDIDATES.

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    Executive summary

    DMS was formulated in 1981 and is well renowned for providing computer related items in Sri

    Lanka. The company is an authorized business partner for few leading brands in the world.

    Being business partner for Hewlett Packard (HP), DMS offers a wide range of HP products

    including printers, scanners, plotters, desktop pc's, notebooks and professional workstations.

    Microsoft products including MS windows and MS Office are offered to the Sri Lankan market

    through franchise arrangement with Microsoft Corporation. Similarly leading anti-virus product

    Symantec is offered. Plantronics, a light weight headset, Hypercom a POS system completes

    the product range.

    DMS has a vision of becoming A global company that produces solutions of value that delight

    customers by integrating technology building blocks from world class suppliers and adding

    the glue that gives a sustainable competitive advantage.

    Mission statement of DMS insists that the company wants to ensure that all stake holders will

    be provided with maximum value. It wants to provide valuable Solutions and a pleasant

    experience of service to customers. Mission statement wants the employees to be happy and

    satisfied and to play in the best team in town!!. It wants the management to have a broader

    sense of ownership and achievement and the corporation to have a good return on capital

    invested.

    Even after 30 years of operation DMS is still not a leader in the sector. In financial performance

    the company is only in the seventh position when compared with competitors in the same

    sector. In the product range offered DMS is not the market leader for any.

    The company decided to carryout a brand awareness audit to findout the performance of the

    brand. The findings were worrying. For the interviewees DMS was only the fifth choice when

    deciding to purchase a computer related item. It occupied only the fourth position when asked

    to name the top three in the market. This situation created the need to develop strategies to

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    create brand awareness for brand DMS. The DMS brand was further analysed using Brand

    onion model, BrandStar model and Competitor-Brand model.

    Customer Based Brand Equity (CBBE) model was used to derive methodologies to enhance the

    brand awareness. Three projects emerged from the analysis and all three were rated equal in

    priority and receives the green-light to proceed.

    Project one is proposed to create presence in social media (Facebook and Google+), whilst

    project two is proposed to create a corporate website, which is a must in the current context. A

    third project is planned to create brand awareness among corporate executives by sponsoring

    corporate events.

    Agile project management methodology is proposed to be used to manage these projects.

    Company will be benefitted by implementing these projects to enhance the brand equity of

    DMS. Since the projects are to be implemented by the current staff, company will benefit by

    the exposure they receive in a project management environment.

    Terms of Reference

    This report is developed to be produced to the senior management of DMS at the monthly

    meeting to be held on 15th

    December 2011 to propose in carrying out projects to improve

    brand awareness of brand DMS, aiming at enhancing revenue. The information analyzed

    within is confidential to DMS.

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    Project Management in Marketing Page v

    Table of Contents

    Executive summary ....................................................................................................................................................... iii

    Terms of Reference ....................................................................................................................................................... iv

    List of Figures ............................................................................................................................................................... vii

    List of Tables ................................................................................................................................................................ vii

    1.0.0 Introduction ...................................................................................................................................................... 1

    2.0.0 Audit findings and analysis ........... ............ .......... ............ ........... ........... ........ ........... ........... ........... ............ ....... 1

    2.1.0 Brand awareness audit ................................................................................................................................ 1

    2.1.1 Brand awareness ..................................................................................................................................... 1

    2.1.2 Brand Image ............................................................................................................................................ 2

    2.2.0 Brand Onion ...................................................................................................................................................... 4

    2.3.0 Creating brand awareness-Customer-based Brand Equity Model .......... ........... ........... ........... ........... ......... 5

    2.4.0 CBBE Pyramid for DMS brand ...................................................................................................................... 6

    2.4.1 Brand Salience ......................................................................................................................................... 6

    2.4.2 Brand Performance .................................................................................................................................. 7

    2.4.3 Brand Imagery ......................................................................................................................................... 7

    2.4.4 Brand Judgments ..................................................................................................................................... 8

    2.4.5 Brand Feelings.......................................................................................................................................... 8

    2.4.6 Brand Resonance ..................................................................................................................................... 8

    2.5.0

    Competitor-Brand Matrix ........... ........... ......... ........... ........... ............ ........... ........ ........... ........... ........... ........ 9

    2.6.0 Brand Star Model ....................................................................................................................................... 10

    2.6.1 BrandStar Model applied to DMS .......................................................................................................... 10

    2.7.0 Porters five forces analysis ........................................................................................................................ 12

    3.0.0 Critical evaluation and derivation of business Case ....................................................................................... 15

    3.1.0 Competitor Performance-Market Share ..................................................................................................... 15

    3.2.0 Competitor Performance-Revenue ............................................................................................................. 15

    3.3.0 Competitor performance-brand awareness ............................................................................................... 16

    3.4.0 Short comings of the branding approaches .............................................................................................. 18

    3.5.0 Recommendations ...................................................................................................................................... 18

    3.6.0 Business Case for projects .......................................................................................................................... 18

    3.6.1 Identification of potential projects......................................................................................................... 18

    3.6.2 Selection of Projects ............................................................................................................................... 19

    4.0.0 Project Management ........... ........... .......... .......... ............ ........... ........... ........ ........... ........... ........... ............ ..... 20

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    4.1.0 Project Initiation ........... ........... .......... .......... ........... ........... ........... ........ ............ ........... ........... ........... ........ . 20

    4.1.1 Scope and key deliverables .................................................................................................................... 20

    4.2.0 Project implementation .......... ........... .......... ........... ........... ........... ........... ........ ........... ............ ........... ......... 21

    4.2.2 Project Management Methodology ....................................................................................................... 21

    4.2.3 What is agile project management........................................................................................................ 21

    4.2.4 Project milestones using SCRUM (Agile) Methodology .......................................................................... 22

    4.3.0 Project timeline, project plans and work breakdown structure .......... ........... ............ ........ ........... ............ . 23

    4.4.0 Project team roles and responsibilities....................................................................................................... 28

    4.4.1 Project Manager .................................................................................................................................... 28

    4.4.2 Other team members- Project A ............................................................................................................ 28

    4.4.3 Other team members Project B ........................................................................................................... 29

    4.4.4 Other team members Project C ........................................................................................................... 29

    4.5.0 Project stake holders .................................................................................................................................. 30

    4.6.0 Resource and cost plan .............................................................................................................................. 30

    5.0.0 Recommended control methods ..................................................................................................................... 31

    6.0.0 Project Termination and Evaluation ............................................................................................................... 32

    7.0.0 Risk Analysis and Risk Mitigation plan ........................................................................................................... 33

    7.1.0 Risk Analysis ............................................................................................................................................... 33

    7.2.0 Risk Mitigation Plan ................................................................................................................................... 34

    7.2.1 Risk Management Based on type of risk ................................................................................................ 34

    7.2.2 Risk Mitigation and contingency............................................................................................................ 35

    7.2.3 Risk matrix ............................................................................................................................................. 36

    8.0.0 Conclusion ....................................................................................................................................................... 37

    9.0.0 Bibliography .................................................................................................................................................... 38

    Appendix 1-Background of the Organization.............. ........... ........... ........... ........... ......... ........... ........... ........... ........... .. 1

    Appendix 2 - Findings from the Audit .................. ........... ........... ........... ........... ......... ........... ........... ........... ........... ........ . a

    Appendix 3 Responses to Brand Audit ........... .......... ........... ........... ............ ......... ............ ........... ........... ........... ........ ... g

    Appendix 4-Sample Audit............. ........... ......... ............ ........... ........... ........... ........ ........... ........... ............ .......... ........... ... i

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    List of Figures

    Figure 1Brand Onion Model Applied to DMS ................................................................................................................. 4

    Figure 2 CBBE Model by Keller 2001 .............................................................................................................................. 5

    Figure 3 Competitor-Brand Matrix for DMS .................................................................................................................. 9

    Figure 4 BrandStar DMS .............................................................................................................................................. 10

    Figure 5 BrandPlanet adopted from BrandZeal ........................................................................................................... 11

    Figure 6 Brand System for DMS adopted from BrandZeal ........................................................................................... 12

    Figure 7 Revenues earned by Top performing suppliers-2010 ..................................................................................... 16

    Figure 8 Typical agile methodology adapted from Agile Management ...................................................................... 22

    Figure 9 WBS Project A ................................................................................................................................................ 23

    Figure 10 Project Plan Project A................................................................................................................................... 24

    Figure 12 WBS Project B .............................................................................................................................................. 25

    Figure 11 Project Plan-Project B .................................................................................................................................. 26

    Figure 14 WBS for project C ......................................................................................................................................... 26

    Figure 13 Project Plan-Project C .................................................................................................................................. 27

    List of Tables

    Table 1 Substitutes for DMS products .......................................................................................................................... 14

    Table 2 Relationship between Brand awareness and Revenue ................................................................................... 18

    Table 3 Project Scoring for Selection ........................................................................................................................... 19

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    1.0.0 Introduction

    DMS Electronics is a Computer related product supplier in Sri Lanka representing few well

    known brands in Hewlet Plackard, Microsoft and Symantec. Since lately DMS experienced

    diminishing market share for its entire product range and the revenue share has also

    decreased. The company feels that these are reflective of the low brand awareness of the

    brand DMS in the market and undertook a study to research and recommend action if

    required. Terms of reference to this report is thus issued.

    This study consisted of an audit surveying the market for computer related products,

    performance of similar companies. Also included is a brand audit on the brand DMS. The

    results of the audit were critically evaluated and outcomes used to propose future strategies.

    2.0.0 Audit findings and analysis

    The audit conducted is attached as appendix 3, whilst the findings are attached as appendix 2.

    Audit findings will be summarized and analyzed in this section.

    2.1.0 Brand awareness audit

    Audit results from the brand awareness questionnaire are presented below with the analysis.

    Brand awareness is analysed for depth and breadth of awareness, strength of associations, and

    favorability of associations and uniqueness of associations.

    2.1.1 Brand awareness

    Brand awareness has two elements, Depth of Awareness and Breadth of awareness.

    Depth of Awareness

    Depth of awareness was measured through brand recognition and brand recall. Low brand

    recognition and recall was found for DMS.

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    Brand recall was found to be not strong for DMS; consumers ability to retrieve DMS as a

    Computer related supplier from memory was not high. When asked for PC/Laptop suppliers in

    their immediate consideration set, DMS was only the fourth most mentioned brand by all

    respondents. Only 17% said that they will buy their next computer related item from DMS. The

    top most brand is Softlogic with 32%. Therefore Softlogic brand possesses top-of-the mind

    awareness when it comes to PCs/Laptops.

    Brand recognition was found to be weak. It is difficult for consumers to identify a product with

    DMS. Only 22% were able to associate computer related items to DMS brand. Of the

    respondents 40% wrongly associated the brand whilst 38% was not aware. In total 78% of the

    respondents didnt know what DMS offered.

    Breadth of brand awareness

    Breadth of brand awareness of the DMS was found to be low as respondents failed to associate

    DMS products withpurchase and consumption situations:

    Purchase situations: Consumers didnt associate DMS with a broad range of purchase

    situations. DMS was not in the immediate consideration setfor 83% of all respondents when

    asked which supplier in general would they consider should they require a new computer

    related item. When the same question was asked in a different situation only 11% of the

    respondents said that they would buy from DMS.

    Consumption Situations: Consumers are not aware of what DMS is offering. Only 22% was

    aware of the key offerings from DMS.

    2.1.2 Brand Image

    The DMS brand image was found to be weak amongst consumers by testing the strength,

    favourabilityand uniqueness of those associations. It was found that differences in responses

    correlated with whether respondents were users or non-users of the products offered by DMS.

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    Strength of Brand Associations

    There are several common associations of DMS amongst consumers in general which are strong

    in nature, i.e. those associations are deeply connected to DMS in the minds of consumers.

    Although differences in the relevance and consistency of the attributes for consumers existed

    between users and non-users i.e. different respondent groups.

    Relevance: The DMSs most relevant attributes amongst all respondents in general were found

    to be Value for Money and Reliability. Both attributes received 5 or more out of 7 from 80%

    and 70% of the population respectively on how relevant those two attributes of the Computer

    related products are to their current usage situation. Therefore it would seem that the most

    important benefits sought by all consumers offered by DMS are Reliability in product operation

    and Value for money.

    However for computer related items, respondents rated affordability and durability equally

    high. The three attributes were rated not far behind, demonstrating the fact that consumers

    place high values in reliability and affordability whilst not been overly conscious of trendiness

    and innovation

    Consistency: Generally, Reliability was a very strong association amongst all consumers. On

    average, respondents rated reliability over 5 as a strong association they possessed towards the

    Computer related products. Durability and Good technical support also received consistent

    scores, with all respondents consistently giving both averages of 4 and 5 respectively. However,

    perceptions of trendiness, and innovativeness were inconsistent.

    Favourability of Brand Associations

    The favorability of the DMSs overall brand image is found to be poor. This is due to positive

    associations in affordability, value for money being negated by negative associations in

    innovation. Favorability of the image was assessed by observing the level ofdesirabilityand

    deliverability.

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    Desirability: It was found that the DMS possessed attributes that overall were desirable to

    respondents in general. In terms of affordability, it can be observed that DMS customers

    relative to non customers were more favorable towards the technical service than non-users,

    with respective averages scores of 4.8 to 3.1.

    Deliverability:

    Deliverability is high in terms of the top 2 preferences of consumers, i.e. Reliability and value

    for money. Current users perceive that products exceed expectations with above average

    ratings.

    2.2.0 Brand Onion

    Brand Onion is a model used to analyse the composition of a brand. The concept behind the

    model is that the composition of a brand can be peeled off like a skin of an onion.

    The brand onion covers three areas; physical attributes customer benefits and intrinsic values.

    These are marked either positively or negatively. The qualitative profile enables us to

    understand not just the mind of the customer but the heart i.e. the feelings and emotions of a

    customer.

    Core values Solid Product

    Positive Negative

    Benefits Good range of

    products

    Issues with delivery dates-

    when the company has not

    been able to meet the given

    dates

    Attributes Good technical

    support

    Delays in warranty claims-

    DMS handles warranty claims

    for all HP products.

    Replacement dates has been4-6 weeks

    Poor customer service-

    When issues arise customer

    service executives run away

    from customers

    Figure 1Brand Onion Model Applied to DMS

    Attributes

    Benefits

    Core Values

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    2.3.0 Creating brand awareness-Customer-based Brand Equity Model

    Strong brands are important. The challenge is to build a brand that is strong, unique and

    favourable a brand that evokes positive, emotional feelings. A brand where customers react

    and experience positively to the brands product/services/ideas/people. (Blog, 2010)

    DMS need to create a brand that evokes the desired positive knowledge structures: thoughts,

    feelings, images, perceptions, attitudes.

    For the purpose of providing guidance for brand building there is a marketing model, called the

    customer-based brand equity model (CBBE model). The model was initially proposed by Prof.

    Kevin Lane Keller in 2001.

    The basic premise of the CBBE model is that the power of a brand resides in the minds of its

    customers. The CBBE model acts as a branding ladder, or building blocks to guide a firms

    marketing programs. Below is a diagram of the Customer-Based Brand Equity Model (CBBE

    model):

    Figure 2 CBBE Model by Keller 2001

    According to the model, building a strong brand involves four steps:

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    1) establishing the proper brand identity, that is , establishing breadth and depth of brandawareness,

    2) creating the appropriate brand meaning through strong, favourable, and unique brandassociations,

    3) eliciting positive, accessible brand responses, and4) forging brand relationships with customers that are characterized by intense, active

    loyalty.

    Achieving these four steps, in turn, involves establishing six brand-building blocks-brand

    salience, brand performance, brand imagery, brand judgments, brand feelings, and brand

    resonance. (Keller, 2001)

    The CBBE model provides a yardstick by which brands can assess their progress in their brand-

    building efforts as well as a guide for marketing research initiatives.

    2.4.0 CBBE Pyramid for DMS brand

    Six elements and four steps of creating brand equity is used to develop a road map to create

    brand awareness of brand DMS.

    2.4.1 Brand Salience

    Brand salience relates to customer awareness, the conditions under which the brand is recalled

    and how easily and how often it is done. Brand recognition, linking the physical brand-brand

    name, logo, symbol etc-to associations are also brand awareness and salience. (Keller, 2001)

    Building awareness requires ensuring that customers understand the product or service

    category in which the brand competes. In the case of DMS, the management will need to place

    the brand DMS as a brand competing in the category of computer related products. The audit

    reflected that 78% of consumers interviewed were not able to associate DMS with computer

    related products.

    According to Keller (2001) Salience forms the foundational building block in developing brand

    equity and provides three important functions. First, salience influences the formation and

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    strength of brand associations that make up the brand image and gives the brand meaning.

    Second, creating a high level of brand salience in terms of category identification and needs

    satisfied is of crucial importance during possible purchase or consumption opportunities. Brand

    salience influences the likelihood that the brand will be a member of the consideration set,

    those handfuls of brands that receive serious consideration for purchase. Brand salience is also

    important during possible consumption settings in terms of maximizing potential usage. Third,

    when customers have a low involvement with a product category, they may make choices

    based on brand salience alone. (Keller, 2001)

    DMS can initiate projects to create brand salience. Since this deals with creating awareness

    among consumers multitude of methods can be used. Social media with its wide mass appeal

    and cost effeteness is a prime method.

    2.4.2 Brand Performance

    Designing and delivering a product that fully satisfies consumer needs and wants is a

    prerequisite for successful marketing, regardless of whether the product is a tangible good,

    service or organization. DMS has a product range that has either met or exceeded customer

    expectations. What the users of the products tell others and what the company tells customers

    make the core of the brand performance and therefore needs to be communicated to the

    potential consumers.

    2.4.3 Brand Imagery

    Brand imagery refers to intangible aspects of the brand. It is how people think of a brand,

    rather than what they think the brand actually does.

    User Profiles: - This involves type of person or organization who uses the brand. User profile of

    DMS is corporate executives. Main products HP, Microsoft and Symantec are mostly used by

    corporate and their executive level staff.

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    Purchase and usage situations:- This is association of typical purchase situations, and usage

    patterns. DMS products are usually available through departmental stores like Abans, Odel etc.

    Personality and Values:- The imagery associated with the personality and values are

    usually in five categories. Sincerity, excitement, competence, sophistication and ruggedness are

    the five dimensions. DMS currently undertakes to service and provide after sales services to all

    HP products sold in Sri Lanka and therefore easily qualify in the competence dimension.

    History, heritage and experience:- DMS has a history of 35 years of operation in Sri Lanka.

    Associations with history, heritage and experiences involve more specific, concrete examples

    that transcend the generations.

    2.4.4 Brand Judgments

    Brand Quality: - It is the perceived quality of the brand. DMS needs to invest in drawing cross

    references form the product brands they represent.

    Brand Credibility: - Brand credibility is seen in three dimensions. i.e. expertise, trustworthiness

    and likeability

    Brand Consideration: - Consideration is more than awareness, it suggests that customer might

    purchase the product.

    Brand Superiority: - Do brand offer advantages that other brands do not. As pointed out earlier

    technical expertise could be a key factor in deciding brand superiority.

    2.4.5Brand Feelings

    Warmth, Fun, Excitement, security, social approval and self-respect are the emotional

    responses and reactions customers find evoked by the brand. A possible feeling DMS could try

    to portray is security.

    2.4.6 Brand Resonance

    This is the final step of the model, which focuses upon the ultimate relationship and level of

    identification that the customer has with the brand. Brand resonance is more to do with the

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    intensity or the depth of the psychological bond that consumers have with the brand. Brand

    resonance is generally in four categories

    Behavioral loyalty, attitudinal attachments, sense of community, active engagement are the

    four categories. The resonance experiences loyalty in terms of repeated purchases. The brand

    may also take a broader meaning to the customer in terms of a sense of community.

    2.5.0 Competitor-Brand Matrix

    The Competitor-Brand Matrix introduced by BrandZeal plots brands in the competing sector in

    a two dimensional plan. (Tao, 2009)

    The parameters used are brand magnetism and product performance. accordingly the matrix

    forms four quadrants. Products with low performance, but with high brand magnetism are

    called Faith Brands. High performing products with high brand magnetism are power brands,

    the most preferred quadrant. Brands that are with low brand magnetism, but in varied degrees

    of performance are failing brands and functional brands. DMS falls to the functional brand

    category since the products are performing well but without high brand magnetism.

    Faith Brands:

    Metropoliton

    MIT

    Power Brands:

    Softlogic

    John Keels Holdings

    Failing Brands:

    VCS

    Functional Brands:

    DMS

    EWIS

    Figure 3 Competitor-Brand Matrix for DMS

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    2.6.0 Brand Star Model

    In this brand mapping system BrandZeal represent the brand as a sun, called a BrandStar and

    its products as ProductPlanets, these are mapped to orbit around it. In this system, the better

    the product is at reflecting or encapsulating the spirit of the brand, the closer it orbits around

    the BrandStar.

    Consumers are attracted by the radiance and gravity of a brand. The level of awareness it

    generates, its relevance and appeal. Consumers then experience the products or services that

    the brand holds within its portfolio. Like other brand mapping tools, this system helps you to

    clearly define a brand and position its products. However, this mapping system also visually

    represents how well each product extension fits within a brand system.

    Some products produce derivatives new flavours or variants that are not important enough to

    be classified as a new ProductPlanet in their own right. These are called ProductMoons the

    smaller satellites that orbit their parent ProductPlanet. They may be detailed in the same way

    as planets with core, environment, population, benefit and atmosphere specified for each

    one. (Brand universe, 2007)

    2.6.1 BrandStar Model applied to DMS

    BrandStar DMS

    BrandCore -The brand

    represents computer related

    products

    BrandEnvironment - DMS

    brand has 30 year history and

    known for good technical

    support

    BrandPhotospere - Brand is

    mostly used by corporate

    executive, therefore has a bit

    of professionalism attached.

    BrandGravity - Brand

    awareness is poor and

    therefore is low

    BrandMagnitude -This is not

    strong

    Figure 4 BrandStar DMS

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    ProductPlanets

    Figure 5 BrandPlanet adopted from BrandZeal

    HP Microsoft Symantec

    PlanetCore Delivering the best

    computer products

    Delivering the best

    performance form

    computers

    Protecting your

    information

    PlanetEnvironment Rich brand nameRobustness

    Rich brand nameGuaranteed

    performance

    Reliable

    PlanetPopulation Middle class

    Corporate

    executives

    Middle class

    Corporate executives

    Middle class

    Corporate executives

    PlanetBenefit Reliable

    Value for money

    computers

    Good technical support

    Compatible with other

    computer systems

    Good protection on your

    PC

    Constantly updated

    PlanetAtmosphere Corporate Trendy, secure

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    Brand System DMS

    Figure 6 Brand System for DMS adopted from BrandZeal

    2.7.0 Porters five forces analysis

    Competitive Rivalry

    number and size of firms industry size and trends fixed v variable cost bases product/service ranges differentiation, strategy

    Supplier Power

    brand reputation geographical coverage product/service level quality relationships with customers bidding processes/capabilities

    Product and TechnologyDevelopment

    alternatives price/quality market distribution changes fashion and trends legislative effects

    Buyer Power

    buyer choice buyers size/number change cost/frequency product/service importance volumes

    New Market Entrants entry ease/barriers geographical factors incumbents resistance new entrant strategy

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    Competitive Rivalry

    There are seven main brands of computers represented in Sri Lankan market apart from the

    unbranded computers. Out of these companies four companies sell HP brand, namely DMS,

    EWIS, VCS and MIT. There are 3 others selling different brands as alternatives, namely Softlogic,

    Metropolitan, John Keels Holdings (JKH)

    There are three other suppliers offering Microsoft products whilst two other companies offer

    alternatives operating systems to Microsoft.

    New Market entrants

    Almost all the major brands of computers are represented in Sri Lanka. Therefore there is no

    risk of a new entrant to the market. But there could be new players entering the market for

    existing brands.

    Supplier Power

    DMS is under a franchise agreement with HP, Microsoft and Symantec and therefore supplier

    power is not relevant.

    Threat of substitutes

    With the advent of tabs, pads, mobiles with email and web access, there could be a reduction in

    demand for laptops used for the same purpose.

    Open source operating systems are available in the market as alternatives to Microsoft. Tech

    savvy users might opt for free OS rather than paying for licensed Microsoft.

    In the virus guard and anti-virus market few substitutes are available including free versions.

    Product Substitute

    HP Computers Dell

    Compaq

    Acer

    Other HP Products (Printers etc) Canon

    Lexmark

    Microsoft products Oracle

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    Linux

    Ubuntu

    Open office

    Symantec Norton

    AVG

    Kaspersky

    Table 1 Substitutes for DMS products

    Buyer power

    There is no organized buyer power in Sri Lanka for PC buying. Few corporate negotiate based

    on the volumes.

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    3.0.0 Critical evaluation and d

    It is important that the perform

    brand awareness audit. Key resu

    3.1.0 Competitor Performanc

    DMS offers three main product

    revenue whilst Microsoft produ

    is the market leader. It is only in

    HP Products

    3.2.0 Competitor Performanc

    When compared with the simila

    revenue earnings. DMS reporteperformer Softlogic reported Rs.

    Softlogic- Rs 2,896 M

    EWIS,

    40%

    VCS,

    20%

    DMS,

    15%

    Others,

    25%

    EWIS VCS DMS Others

    Dell

    , 45%

    Microsoft

    ,

    25%

    Kaspersky

    ,

    20%

    Others,

    10%

    Dell

    Microsoft

    Kaspersky

    Others

    CI

    erivation of business Case

    nce of DMS is critically analysed in the context

    lts are produced below for analysis as a busine

    -Market Share

    anges in its product mix. HP products contribu

    ts 27% and Symantec 12%. But for none of the

    the HP product range that DMS is one of the t

    icrosoft products Symantec products

    -Revenue

    r service providers in the market DMS is ranked

    Rs1,086 M EBT for the last financial year, whe2,896 M EBT; almost three times as DMS.

    Metropoliton 2,756 M ohn Keels 2,24

    EWIS,

    30%

    PC

    House,

    15%

    Softlogic,

    10%

    Others,

    45%

    EWIS PC House Softlogic Others

    Others,

    45%

    MIT Greenwhic

    Acer

    ,

    43%

    Microsoft

    ,

    23%

    Macafee

    , 18%

    Others, 16%

    Acer

    Microsoft

    Macafee

    Others

    Kaspers

    ky, 19%

    Others,

    17%

    Toshiba Micr

    Mem No 12354592

    Page 15

    of results of the

    ss case.

    e 41% of the

    se products DMS

    p three.

    seventh in total

    re as the top

    M

    MIT, 30%

    Greenwh

    ich, 15%PC

    House,

    10%h PC House Others

    Toshiba,

    33%

    Microso

    ft, 31%

    soft Kaspersky Others

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    Following is the total revenue earned by the main seven companies operating in Sri Lanka in the

    domain of computer related product suppliers.

    Figure 7 Revenues earned by Top performing suppliers-2010

    3.3.0 Competitor performance-brand awareness

    Below are few key findings from the brand awareness audit. The responses to brand recall

    questions, brand recognition questions and purchase situations are presented. It is obvious

    that DMS does not own a top of the mind brand as the responses to all three situations is not

    strong.

    DMS, 1086

    MIT, 1720

    VCS, 1100

    Metropoliton, 2756

    JKH, 2243

    Softlogic, 2896

    EWIS, 1510

    0

    500

    1000

    1500

    2000

    2500

    3000

    3500

    1

    RevenueinSLRM

    Revenue for computer related product suppliers

    DMS

    MIT

    VCS

    Metropoliton

    JKH

    Softlogic

    EWIS

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    Purchase situations

    Seven companies were tabled b

    to purchase, its rank, percentag

    Revenue Rs/M

    Rs/M Rank

    Soft logic 2,896 1

    Metropolitan 2,756 2

    JKH 2,243 3

    MIT 1,720 4

    EWIS 1,510 5

    Softlogic

    32%

    Metropoliton

    28%

    DMS

    10%

    John Keels

    18%

    Others

    12%

    In terms of computer suppliers in gene

    the top three that comes to mi

    Softlogic Metropoliton DMS Joh

    JKH

    15%

    Softlogic

    26%

    MIT

    11%

    VSIS

    6%

    DMS

    10%

    Others

    10%

    If you are buying a PC and/or compute

    product, from which company would y

    JKH EWIS Metropoliton

    MIT VSIS DMS

    CI

    Brand Recall

    Brand Recognition

    low against revenue, rank in revenue, and con

    rated in top three and its rank.

    Purchase situation Rated in top thre

    PurchaseDecision % Rank

    % recalled intop Three Ran

    28 1 32

    19 2 28

    17 3 18

    12 4

    6 6 12

    al, what are

    nd?

    Keels Others

    Bad

    8%

    Very Bad

    5%

    don't Know

    48%

    How do you rate the services offe

    Excellent Very Good Good Bad

    EWIS

    5%

    Metropolito

    n

    17%

    r related

    ou buy?

    Softlogic

    Others

    Electronics

    19%

    Don't Know

    38%

    What does DMS offer in its pro

    Computer related items Mobile

    Electronics Don't K

    Mem No 12354592

    Page 17

    sumer decision

    1

    2

    3

    4

    Excellent

    11%

    Very Good

    13%

    Good

    15%

    ed by DMS ?

    ery Bad don't Know

    Computer

    related items

    22%

    Mobile Phones

    21%

    uct range?

    Phones

    now

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    VCS 1,100 6 6 6

    DMS 1,086 7 12 4 10 5

    Table 2 Relationship between Brand awareness and Revenue

    When the above table is analysed, it is clear that three brands that the consumers have

    identified as they would buy, and the three brands they have recalled most, have performed

    well financially also. Therefore it can be derived that brands that consumers can recall and

    brands that consumers associate with purchase situations, perform better.

    3.4.0 Short comings of the branding approaches

    As revealed in the brand awareness audit and subsequent brand onion model, marketing

    communication effort does not seem to be effective. Current advertising involves newspaper

    advertisements and other advertisements in magazines. Occasional sponsoring of an event has

    been done. Also noted is that the absence of a corporate website for the company.

    3.5.0 Recommendations

    The brands DMS represent in the market do not perform well. But they do perform well when

    offered by other competitors. Therefore it cannot be an issue with the products. The key

    difference between DMS and others who perform well is the branding and lack of brand

    awareness of the DMS brand. Therefore brand awareness among the consumers needs to be

    enhanced.

    It is recommended that projects to be created to enhance brand awareness for the brand DMS.

    3.6.0 Business Case for projects

    This section covers the project initiation phase with strategic placement of projects.

    3.6.1 Identification of potential projectsThree projects were identified using the critical analysis.

    Project A: Creating community brand awareness by creating and maintaining presence on

    social media sites Facebook and Google+.

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    The project will set about in creating brand awareness of DMS using social media. With the

    backing of the strong product range with high brand awareness, DMS can harness the powers

    of the new age communication media, social media.

    Project B: Creating web presence by designing, implementing and maintaining a

    corporate website.

    DMS doesnot have a corporate web site. Web presence is important and will create

    opportunities for the net surfers to be knowledgeable about DMS.

    Project C: Creating awareness in the corporate sector by sponsoring corporate events.

    DMS has been enjoying a high percentage of market share in B2B business. But as the

    awareness survey revealed, even the users of products sold by DMS are not aware of that they

    are using DMS products. The plan is to use the relationship with the leading corporates to

    present DMS to the staff members.

    3.6.2 Selection of Projects

    Since the analysis present three potential projects, they need to be prioritized. A rating system

    is used to arrive at the best project. Six criterions decided as appropriate were used for the

    rating. Each of the six criteria is scored on a 0-5 point scale, where 0 signifies not applicable, 1

    is poor and 5 is excellent.

    Project A Project B Project C

    Project Cost 5 5 2

    Time to operation 4 4 3

    Impact anticipated 2 3 5

    Number of eyeballs 4 4 4

    Risks involved 5 5 4

    Strength against competition 3 2 5

    23 23 23

    Table 3 Project Scoring for Selection

    The rating scheme returns identical scores for all three projects and therefore all three will be

    implemented.

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    4.0.0 Project Management

    This section covers the project life cycle from initiation to closure. The identified

    project/projects need to be managed in a manner that delivers the best to the company.

    Appropriate project methodology should be identified and deployed.

    4.1.0 Project Initiation

    Key element in project life cycle is the project initiation. Usually the project evaluation and

    feasibility study is done in this phase. Since in this case those activities were completed in the

    business case level, the project can commence with setting the scope and deliverables.4.1.1 Scope and key deliverables

    Project AThe project will target to have 100,000 likes from facebook and 25,000 users from Google+

    site within one year. Currently twitter and other social media sites are out of the scope.

    In Scope : Facebook, Google+

    Out of scope : Twitter, My Space etc

    Project B

    Designing, implementing and maintaining corporate website. The site will be a dynamic sitewith various data updated on products offered by DMS and current trends in the industry.

    In Scope : Website with Content Management System, Domain name registration, hosting

    Out of scope : Static websites

    Project C

    Sponsoring events totaling 2,000 attendents from corporate sector within 1 year. This will

    enable DMS to associate with some of the users of the products offered by DMS. End of theyear the company should have a list of corporate executive with their contact details that can

    be used for direct marketing/ direct sales drives.

    In Scope : Events with Executive level staff attendance

    Out of scope : not relevant

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    4.2.0 Project implementation

    Project Methodology is selected and project reaches implementation in this phase. Project plan

    is created and reporting mechanisms are set in the early stages of this phase.

    4.2.2 Project Management Methodology

    The projects identified use the Agile project management methodology. Agile is typically used

    as a project management methodology in marketing since the nature of marketing projects is

    interactive. Traditional project management involves disciplined and deliberate planning and

    control methods. This approach is useful when the distinct project management phases are

    clearly visible. Tasks are completed either sequentially or parallel.

    Typical scenario for projects in marketing is that they are highly response driven. The first phase

    of the project could deliver knowledge to initiate the second phase of the project, whilst in

    some cases first phase can be revised and revisited.

    Also Agile project management does not require hard project management skills unlike in

    PRINCE2 or PMI methods. When a company does not have separate project management

    division or project managers dedicated, it is best to use Agile project management

    methodology, more specifically SCRUM.

    4.2.3 What is agile project management

    Agile management or agile project management is an iterative method of determining

    requirements for projects in a highly flexible and interactive manner. It requires empoweredindividuals from the relevant business, with supplier and customer input. Agile techniques are

    best used in small-scale projects or on elements of a wider programme of work, or on projects

    that are too complex for the customer to understand and specify before testing prototypes.

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    Agile techniques may also be called extreme project management. It is a variant of iterative life

    cycle where deliverables are submitted in stages. One difference between agile and iterative

    development is that the delivery time in agile is in weeks rather than months. Since agile

    management derives from agile software development, it follows the same standards defined

    in the agile manifesto when it comes to collaboration and documentation. Several software

    methods derive from agile, including scrum and extreme programming. (Agile Methodology,

    2010)

    Figure 8 Typical agile methodology adapted from Agile Management

    4.2.4 Project milestones using SCRUM (Agile) Methodology

    Since Agile methodology is a iterative project management method, the tasks are created when

    the project is on the move. The Project milestone plan is decided on the following principles.

    Key Elements of Project plan for Agile Project Management

    1. Assign roles The key stakeholders are the scrum master (the person who runs the daily

    scrum meetings), program owner (clearly articulates the goals for the project), chickens

    (people involved in the project from an informational standpoint), and pigs (the people who

    will do the heavy lifting for the project).

    2. Decide on the duration and frequency of the sprints In agile project management, the idea

    is to break the work into smaller digestible chunks (i.e. sprints) and meet frequently to discuss

    progress on the specific tasks.

    3. Set goals for first sprint convening a sprint planning meeting.

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    4. Sprint meetings team members with task responsibilities are required to attend.

    5. Discuss, discuss, and discuss again Meetings to be closed by asking the pigs what have

    you completed, what are you working on next and what the risks are. The goal is to

    quickly identify risks.

    7. Sprint planning (again) As the end of the sprint is approached; it is time to think about the

    next one. This meeting will review the last sprints results and look at what is next.

    4.3.0 Project timeline, project plans and work breakdown structure

    Details of project implementation schedule, project plan and work break down structure is

    presented below for all three projects

    Project A

    Work Break down structure

    Figure 9 WBS Project A

    Project A-Implementation Schedule

    Duration Start End

    Project Social Media 179 days 15-Dec-11 21-Aug-12

    Project Commencement 1 day 15-Dec-11 15-Dec-11

    Project Social Media

    1

    Project Initiation

    1.1

    ProjectCommencement

    1.1.1

    Assign Roles1.1.2

    Sprint Planning

    1.1.3

    Sprint-RequirementGathering

    1.1.4

    ManagementApproval

    1.1.5

    Sprint-Implementation

    1.2

    Iteration 1

    1.2.1

    Iteration 21.2.2

    Handing Over toOperation

    1.2.3

    Sprint Operation

    1.3

    Review 1

    1.3.1

    Review 21.3.2

    Review 3

    1.3.3

    Review 4

    1.3.4

    Review 5

    1.3.5

    Review 6

    1.3.6

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    Assign Roles 1 day 16-Dec-11 16-Dec-11

    Sprint Planning 1 wk 19-Dec-11 26-Dec-11

    Sprint - Requirement Gathering 2 wks 27-Dec-11 11-Jan-12

    Management Approval 2 days 12-Jan-12 13-Jan-12

    Sprint- Implementation

    13 days 16-Jan-12 1-Feb-12

    Iteration 1 1 wk 16-Jan-12 23-Jan-12

    Iteration 2 1 wk 24-Jan-12 31-Jan-12

    Handing over to Operation 1 day 1-Feb-12 1-Feb-12

    Sprint Operation

    144 days 2-Feb-12 21-Aug-12

    Review 1 1 mon 2-Feb-12 6-Mar-12

    Review 2 1 mon 7-Mar-12 9-Apr-12

    Review 3 1 mon 10-Apr-12 11-May-12

    Review 4 1 mon 14-May-12 14-Jun-12

    Review 5 1 mon 15-Jun-12 18-Jul-12

    Review 6 1 mon 19-Jul-12 21-Aug-12

    Project A-Project Plan

    Figure 10 Project Plan Project A

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    Project B

    Work Breakdown structure

    Figure 11 WBS Project B

    Project B-Implementation Schedule

    Duration Start End

    Project Website Development 47 days 15-Dec-11 17-Feb-12

    Project Commencement 1 day 15-Dec-11 15-Dec-11

    Assign Roles 1 day 16-Dec-11 16-Dec-11

    Sprint Planning 1 wk 19-Dec-11 26-Dec-11

    Sprint - Requirement Gathering 2 wks 27-Dec-11 11-Jan-12

    Management Approval 2 days 12-Jan-12 13-Jan-12

    Sprint- Implementation 24 days 16-Jan-12 16-Feb-12

    Iteration 1 2 wks 16-Jan-12 31-Jan-12

    Iteration 2 1 wk 1-Feb-12 8-Feb-12Iteration 3 1 wk 9-Feb-12 16-Feb-12

    Handing over to Operation 1 day 17-Feb-12 17-Feb-12

    Project Website

    Project Initiation

    1.1

    ProjectCommencement

    1.1.1

    Assign Roles

    1.1.2

    Sprint Planning

    1.1.3

    Sprint-RequirementGathering

    1.1.4

    Management

    Approval

    1.1.5

    Sprint-

    Implementation

    1.2

    Iteration 1

    1.2.1

    Iteration 2

    1.2.2

    Iteration 31.2.3

    Handing Over to

    Operation

    1.3

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    Project B-Project Plan

    Figure 12 Project Plan-Project B

    Project C

    Work Breakdown structure

    Figure 13 WBS for project C

    Project Sponsoring

    1

    Project Initiation

    1.1

    ProjectCommencement

    1.1.1

    Assign Roles

    1.1.2

    Sprint Planning

    1.1.3

    Sprint-RequirementGathering

    1.1.4

    ManagementApproval

    1.1.5

    Sprint-Operation

    1.2

    Event 1

    1.2.1

    Event

    Review

    Event 2

    1.2.2

    Event 31.2.3

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    Project C-Implementation Schedule

    Duration Start End

    Project-Event Sponsoring 89 days 15-Dec-11 17-Apr-12

    Project Commencement 1 day 15-Dec-11 15-Dec-11

    Assign Roles 1 day 16-Dec-11 16-Dec-11

    Sprint Planning 1 wk 19-Dec-11 26-Dec-11

    Sprint - Requirement Gathering 2 wks 27-Dec-11 11-Jan-12

    Event Sponsoring Plan 1 wk 12-Jan-12 19-Jan-12

    Management Approval 2 days 20-Jan-12 23-Jan-12

    Sprint Operation 45 days 15-Feb-12 17-Apr-12

    Event 1 2 days 15-Feb-12 16-Feb-12

    Event 1 day 15-Feb-12 15-Feb-12

    Review 1 1 day 16-Feb-12 16-Feb-12

    Event 2 2 days 15-Mar-12 16-Mar-12

    Event 1 day 15-Mar-12 15-Mar-12

    Review 1 1 day 16-Mar-12 16-Mar-12

    Event 3 2 days 16-Apr-12 17-Apr-12

    Event 1 day 16-Apr-12 16-Apr-12

    Review 1 1 day 17-Apr-12 17-Apr-12

    Project C-Project Plan

    Figure 14 Project Plan-Project C

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    4.4.0 Project team roles and responsibilities

    All three projects do not intend to recruit new staff. Team members will be identified from the

    existing staff.

    4.4.1 Project Manager

    A responsible person from the division of Marketing at the DMS Electronics should head the

    projects on a part time basis.

    The person with following skills will have to be evaluated and identified.

    Project Management Human Resource Management Communication Management Project Process Integration

    Documentation Procurement Management Quality Management Time Management

    4.4.2 Other team members- Project A

    Role Individuals/Names Responsible for

    Project Owner Director Marketing-

    DMS

    Approving & Monitoring the project

    Project sponsor Director Finance- DMS Funding the project

    Monitoring the return

    Controlling the spending

    Project Manager Marketing Manager Ensuring the project progress & success

    Managing the teams

    Managing stakeholders

    Managing project finance

    Managing the communication

    Project Team Advertising

    Executive

    Coordination of creation of artwork for Facebook

    advertising

    Legal executive Make sure the compliance & adherence to

    regulations

    Product Manager Update the team with new product information

    Finance executive Budget and expense tracking

    IT Staff Evaluate technical proposals for web site

    development and selection of a vendor

    Maintain CMS

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    1 HR coordinator Training, welfare, rewarding help

    Procurement

    coordinator

    Handling procurement

    4.4.3 Other team members Project B

    Role Individuals/Names Responsible for

    Project Owner Director Marketing-

    DMS

    Approving & Monitoring the project

    Project sponsor Director Finance- DMS Funding the project

    Monitoring the return

    Controlling the spending

    Project Manager Marketing Manager Ensuring the project progress & success

    Managing the teamsManaging stakeholders

    Managing project finance

    Managing the communication

    Project Team Advertising

    Executive

    Coordination of creation of artwork for web pages

    Legal executive Make sure the compliance & adherence to

    regulations

    Product Manager Update the team with new product information

    Finance executive Budget and expense tracking

    IT Staff Evaluate technical proposals for web site

    development and selection of a vendor

    Maintain CMS

    1 HR coordinator Training, welfare, rewarding help

    Procurement

    coordinator

    Handling procurement

    4.4.4 Other team members Project C

    Role Individuals/Names Responsible for

    Project Owner Director Marketing-

    DMS

    Approving & Monitoring the project

    Project sponsor Director Finance- DMS Funding the project

    Monitoring the return

    Controlling the spending

    Project Manager Marketing Manager Ensuring the project progress & success

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    Managing the teams

    Managing stakeholders

    Managing project finance

    Managing the communication

    Project Team Procurement

    coordinator

    Handling procurement

    Product Manager Update the team with new product information

    Finance executive Budget and expense tracking

    4.5.0 Project stake holders

    Following is the list of key stakeholders

    1. project manager2. team members3. entire senior management of DMS4. facebook5. google+6. possible web site designers7. hosting agency for the web site8. HR dept for recruitments9. Corporates possible to have sponsored events.10.Product managers for every product offered by DMS11.marketing executives12.Hotels hosting the events sponsored

    4.6.0 Resource and cost plan

    All three projects do not intend to recruit any personnel. The strategy is to tie up with

    companies and/or individuals.

    Project A:- FBML expertise, social media marketing expertise.

    Project B:- Web developing company with content management system expertise. Both A

    and B projects can be bundled and offered to one company.

    Project C:- No expertise required.

    Following is the basic cost plan.

    Initial Cost Operational cost (Monthly)

    Project A Hiring of services-FBML specialist 100,000 30,000

    Project Manager Allowance 10,000

    Food for meetings 6,000

    Other material stationary etc 2,000

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    100,000 48,000

    Project B Web site design 100,000

    Web site maintenance 1,500

    web site hosting 400

    Domain name registration 6,000

    Food for meetings 3,000

    106,000 4,900

    Project C

    Cost per 2000 attendants @ 2500 (Total for 10

    events) 5,000,000

    Other promotional material 1,000,000

    6,000,000 0

    Grand Total 6,206,000 52,900

    5.0.0 Recommended control methods

    Method Benefits

    Project status reports This report will be circulated once in every two weeks within

    the project team & among other joint stakeholders.

    The reports will include the progress, deviations, issues &

    tasks completed while giving financial records related to

    completed tasks

    Project meetings Verbal expression of project progression. Minute will be sent

    to key internal stakeholders to understand the project

    progress.

    Project monitoring Key method of control. TIME, COST & SCHEDULE will be

    benchmarked against the current project progress to

    determine any Crises, catastrophes & Changes. A clear idea is

    given where the project at now & the status.

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    6.0.0 Project Termination and Evaluation

    Following activities will be carried out for the project closure and evaluation.

    Activity Task or Description

    Project office and team Official communication of project closure.

    Final project team meeting.

    Appreciate each individuals support & token as an appreciation.

    Reassign staff.

    Project Evaluation After all activities are completed final evaluation report is

    generated.

    Terminate the other resourcing & procedures.

    Management Reporting Submit the project report to Board of Directors & Finance

    Division

    Project Recording Archive the project records

    Financial Final financial report is generated. Variances are highlighted

    with outstanding if any.

    Lessons learnt report A report to be prepared with lessons learnt from the three

    projects. This will be the knowledge sharing document with the

    rest of the staff at DMS.

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    7.0.0 Risk Analysis and Risk Mitigation plan

    The Implementation and Execution section of the Risk Management Plan describes the

    procedures for dealing with risk for projects. It follows the Project Management Institute

    Project Management Book of Knowledge (PMBOK) recognized as an industry standard for

    Project Management. (Management, 2009)

    The risks highlighted during the audit are used to create the risk analysis. Weaknesses and

    threats from SWOT analysis contributed to the risk list.

    7.1.0 Risk Analysis

    Key risks are identified below with type of risk source noted and the impacts are tabled below.

    Each risk is rated.

    Risk Factors Type of Risk

    Source

    Impacts Rating

    Strategic Risk

    1.1 Inability to meet set targets

    of awareness levels

    1.2 failure in project objectives

    since it relates to behavior of

    people and therefore cannot be

    accurately forecasted

    Internal Risk

    Source

    External risk

    source

    -Reduces total revenue

    -Reduces the returns from the

    projects

    Low

    Moderate

    Low

    Moderate

    Project based Risk

    2.1failure to abide to timelines

    2.2 Risk in the project membersnot functioning together as a

    team

    2.3 Risk in vendors non

    performing

    Internal Risk

    Source

    -Overall delay in completion of

    project involves unexpected cost

    increase & de-motivation-Delay in revenue generation.

    -Decrease in overall quality of work

    Low

    Moderate

    Low

    Low

    Financial Risks

    3.1 Increase in cost of services

    3.2 Unexpected Taxes &

    surcharges

    3.3 Currency Fluctuations

    External

    Risk Source

    -increase of overall costs

    -unexpected product price increases

    leading to inability to deliver value

    for money

    -Unexpected losses

    Low

    Moderate

    Low

    Moderate

    Low

    Moderate

    Operational Risks

    4.1 Inability to complete day to

    day tasks

    4.2 systems not supportive

    enough

    Internal Risk

    Source

    -Decreases efficiency Low

    Low

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    Macro Risks

    5.1Economic Downturn in the

    target markets

    External

    Risk Source

    -Decrease in revenue

    -In ability to evaluate the

    performance of projects due to

    external forces.

    Low

    7.2.0 Risk Mitigation Plan

    It is a fact, not a cliche that all projects carry risk through uncertainty. However, few

    organisations would claim to be satisfied with the application of risk management on their

    projects, or be able to demonstrate the same. This can be a major constraint to successful

    project delivery.

    Improving project risk management involves two main objectives:

    improving the ability to identify risk, while we still have time in the project lifecycle toinfluence it, and

    embedding the management of risk into the mainstream of delivering projects. (ProjectRisk Management, 2010)

    7.2.1 Risk Management Based on type of risk

    Mitigation

    Process

    Strategic

    Risk

    Project Based

    Risk

    Financial

    Risk

    Operational

    Risk

    Macro Risk

    The options

    for Riskmitigation

    Accepting Prevent or

    mitigate therisk impact

    Accepting Prevent or

    mitigate the riskimpact

    Accepting

    Key

    Responsibil

    ities

    -Have

    secondary

    brand

    awareness

    plans

    -Review

    weekly,

    monthly basis

    performance &

    tasks

    completed.

    -Status reports

    to

    management

    (traffic light)

    -Contingency

    budgetary

    allocations

    -First two

    projects are

    not

    investment

    heavy

    -third project

    expenses are

    in stages

    -weekly review

    on

    performances &

    project

    completion.

    -The money

    spent on

    building a

    brand is an

    investment

    which should

    bring in

    returns.

    Impact on

    Risk

    -Can minimize

    losses

    -Brand value

    can be

    maintained

    -delays can be

    avoided

    -losses can be

    minimized

    -Delays &

    process issues

    can be solved

    immediately

    and can be

    avoided if

    -positive

    approach for

    the future

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    proactive.

    Probable

    Outcome

    The core

    project

    purpose to be

    a failure, but

    losses to be

    minimized

    and

    alternative

    plans

    implemented.

    The project will

    be a success,

    and will have

    to take

    corrective

    activities

    towards

    awareness

    The projects

    will be

    successful

    project will be

    successful

    Project will

    not fail, but

    returns would

    delay.

    Advantages -Losses to be

    minimized

    -wastages of

    time & money

    minimized.

    -A brand

    relived.

    -Complete

    project

    successfully on

    time

    May create

    positive

    results after

    some time

    7.2.2 Risk Mitigation and contingency

    Risk Mitigation Contingency

    1.1 Constant status reporting to

    management

    Have secondary brand awareness plans

    1.2 Deploy methods of obtaining constant

    customer feedback

    Have secondary brand awareness plans

    2.1 Weekly status update on timelines Have liquidated damages clauses to control

    vendors

    Deploy additional staff if required

    2.2 Team bonding sessions Replace team members if required

    2.3 Carry out a proper vendor selection

    process to select vendors based on

    multiple criterion.

    Have a termination clause in the agreement

    enabling DMS to terminate contracts in a non

    performing situation

    3.1 Have a fixed price contract Cost of sponsoring- Accept the risk, no

    contingency

    3.2 Have a fixed price contract Cost of sponsoring- Accept the risk, no

    contingency

    3.3 Have a fixed price Rupee contract Cost of sponsoring- Accept the risk, no

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    contingency

    4.1 Bind the team members on SLAs for

    operations

    Replace team members if required.

    4.2 Check the system compatibility Issue versions with compatibility (website)5.1 Terminate the sponsoring project in a

    economic crisis

    No contingency plan

    7.2.3 Risk matrix

    A risk matrix is used to identify the potential exposure to risk that can not be avoided.

    Event: The possible risk event that can happen. This is deived from the identified risks fromabove.

    Probability: How likely is it to happen. Impact: How bad will it be if it happens? Mitigation: Effectiveness of the mitigation in probability. Contingency: How can the Impact be reduced and by how much. Reduction = Mitigation X Contingency Exposure = Risk ReductionRisk / Mitigation/ contingency categorization and rating

    Vey Low 0.15

    Low 0.25

    Low moderate 0.35

    Moderate 0.5

    High Moderate 0.65

    High 0.8

    Very high 0.9

    Event Probability Impact Mitigation Contingency Reduction Exposure

    1.1 0.25 0.65 0.50 0.25 0.13 0.04

    1.2 0.35 0.65 0.15 0.15 0.02 0.21

    2.1 0.35 0.15 0.25 0.15 0.04 0.02

    2.2 0.25 0.50 0.35 0.25 0.09 0.04

    2.3 0.25 0.25 0.15 0.15 0.02 0.04

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    3.1 0.35 0.15 0.25 0.15 0.04 0.02

    3.2 0.35 0.15 0.25 0.15 0.04 0.02

    3.3 0.35 0.15 0.25 0.15 0.04 0.02

    4.1 0.25 0.25 0.15 0.15 0.02 0.04

    4.2 0.25 0.25 0.25 0.25 0.06 0.00

    5.1 0.25 0.50 0.00 0.00 0.00 0.13

    8.0.0 Conclusion

    The study revealed interesting facts on the company. DMS is not the leading computer related

    product supplier and has potential to improve on their financial performance. A brand audit

    was used to measure the brand awareness of the brand DMS. It was found that the brand

    awareness is low. Then the brand awareness of the competitors were analysed with their

    financial performance to find that a direct co-relation relationship exists. Therefore strategies

    were formed to create brand awareness.

    Models Brand Onion, BrandStar, and Competitor-Brand matrix were used to further analysed

    the brand performance. Customer-based Brand Equity model was used form strategies on how

    to create brand awareness. Three projects were identified and on the project scoring for

    prioritization, all three scored equal points. The projects were to create presence in facebook

    and Google+, create a corporate website and sponsor corporate events.

    This report also outlines project management methodology for the identified projects and risk

    management practices.

    The study identified creating brand awareness as critically important for better financial

    performance and recommends DMS to carryout the said projects.

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    9.0.0 Bibliography

    (2010, 08 11). Retrieved 11 24, 2011, from Agile Methodology: www.agilemethodology.org

    Blog, B. a. (2010, 01 26). CBBE Model. Retrieved 11 24, 2011, from Brand and Butter Blog:

    http://brandandbutter.wordpress.com/

    Brand universe. (2007, 08 09). Retrieved 11 20, 2011, from Brand Zeal: www.brandzeal.com

    Keller, K. L. (2001). Building Customer based Brand Equity. California: Marketing Science Institute.

    Management, I. o. (2009). Project Management Book Of Knowledge 4.0. 06: 01.

    Project Risk Management. (2010, 10 1). Retrieved 11 25, 2011, from Project Mnagement Informed Sources:

    http://www.pmis.co.uk/project_risk_management.htm

    Tao, B. (2009, 03 12). Brand Matrix. Retrieved 11 24, 2011, from Brand Tao:

    http://brandtao.wordpress.com/2009/03/12/competitive-set-brand-matrix/

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    Appendix 1-Background of the Organization

    DMS was formulated in 1981 and is well renowned for providing IT solutions in Sri Lanka. It is

    one of the pioneers of the IT industry and is an authorized business partner for Hewlett Packard

    (HP). DMS offers a wide range of HP products including printers, scanners, plotters, desktop

    pc's, notebooks and professional workstations.

    Vision

    A global company that produces solutions of value that delight customers by integrating

    technology building blocks from world class suppliers and adding the glue that gives a

    sustainable competitive advantage.

    Mission

    To ensure that all stake holders will be provided with maximum value.

    Customers: Valuable Solutions and a pleasant experience of service from DMSE

    Employees: To be happy and satisfied. To play in the best team in town!!

    Managers: A broader sense of ownership and achievement

    Corporation: A good return on capital invested

    Customer Base

    DMS mainly operates business to business. They deal with vertical markets like manufacturers,

    Financial institutions, Software houses, Advertising & media houses, education sector, NGOs

    etc.

    Sales,

    Manufacturers, 30%

    Sales,

    Financial

    Inst, 20%

    Sales, Telecom, 15%

    Sales, Others,

    35%

    Manufacturers

    Financial Inst

    Telecom

    Others

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    Organization Chart (Managem

    Position in the Market

    There are 8 main players in the i

    share while Softlogic is the mark

    Products & Services

    DMS offers the entire product p

    scanners, Desktops, Laptops, Se

    or carry-in warranty based on th

    Microsoft products including M

    through franchise arrangement

    Symantec is offered. Plantroni

    the product range.

    GenerSales

    GroupMgr(PSG/IPG)

    CI

    ent)

    ndustry and DMS holds the seventh place and

    et leader with 20% of market share.

    rtfolio of HP (Hewlett Packard) ranging from p

    vers & Storage. Once the products are sold, D

    e product.

    windows and MS Office are offered to the Sri

    ith Microsoft Corporation. Similarly leading a

    cs, a light weight headset, Hypercom a POS sys

    ManagingDirector

    l Mgr

    GroupMgr(TSG)

    General MgrEngineering

    Group MrgService

    Mem No 12354592

    Page 2

    as 8% of market

    rinters,

    S offers onsite

    ankan market

    ti-virus product

    em completes

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    Appendix 2 - Findings from the

    This audit report summarizes th

    The audit will scrutinize the curr

    1.0.0 Methodology

    Primary Research

    Questionnaires: Questionnaires

    people. The questionnaire targe

    Interviews: Senior management

    marketing strategy of the comp

    Secondary Research

    Internal data: Sales information

    product portfolio.

    External data: information on b

    marketing reports and sector pe

    2.0.0 Current Product Portfoli

    Product Portfolio

    Following is the current product

    year 2010.

    Microsoft

    products, 27%

    Hyper Com

    Products, 4%

    Plantronics

    Products, 7%

    Apple

    Products, 9%

    Symantec

    Products, 12%

    CI

    udit

    key findings of the brand audit conducted on

    ent brand position with external and internal a

    were used with selected convenience sample

    ted to evaluate brand awareness and brand as

    of DMS electronics was interviewed for insight

    ny

    and details of revenue breakdown was used to

    and performance of competitors from various

    rformance reports was used.

    o

    portfolio of DMS electronics, based on the sale

    HP products, 41%

    HP products

    Microsoft products

    Hyper Com Products

    Plantronics Products

    Apple Products

    Symantec Products

    Mem No 12354592

    Page a

    DMS Electronics.

    alysis.

    onsisting of 40

    ociations.

    into the

    derive the

    websites,

    s revenue for

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    Product Performance

    HP Microsoft Symantec

    EWIS 40% EWIS 30% MIT 30%

    VCS 20% PC House 15% Greenwich 15%

    DMS 15% Softlogic 10% PC House 10%

    Others 25% Others 45% Others 45%

    100% 100% 100%

    Competitor Performance-Products

    Softlogic Metropoliton JohnKeells

    Dell 45% Acer 43% Toshiba 33%

    Microsoft 25% Microsoft 23% Microsoft 31%

    Kaspersky 20% Macafee 18% Kaspersky 19%

    Others 10% Others 16% Others 17%

    100% 100% 100%

    Competitor Performance-Revenue

    Revenue Rs/M

    Rs/M Rev Rank

    Softlogic 2,896 1

    Metropoliton 2,756 2

    JKH 2,243 3

    MIT 1,720 4

    EWIS 1,510 5VCS 1,100 6

    DMS 1,086 7

    3.0.0 SWOT Analysis

    Strengths Weaknesses

    Strong brands to represent Market share in the corporate sector Brand value of the brands to offer good technical support

    No representation in the retail sector No web presence less focus on marketing division

    Opportunities Threats

    New markets such as NE Brand consciousness shown by the

    markets

    Aggressive marketing strategies bycompetitors

    tendency to replace laptops with ipad

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    Growth market focus Economic boom expected Growth of Social Media networks

    and other android based pads for mobile

    communication needs

    alternative products availability in themarket

    4.0.0 Brand Awareness Audit

    Qualitative and Quantitative

    Qualitative audit was used to measure brand awareness. From the responses to the questions,

    depth and breadth of awareness, strength of associations can be derived. Quantitative

    responses help to ascertain these numerically.

    When asked to name top three computer related brands DMS occupied the fourth position,

    whilst top three were Softlogic, Metropoliton and JKH. Only 22% was able to associate DMS

    with correct product range. About 39% of the respondents rated services of DMS good or

    better than good.

    Reliability received high scores throughout in strength, relevance, importance, satisfaction and

    comparison. Value for money and affordability also received high scores in relevance and

    importance.

    Refer Appendix 3 for Results.

    5.0.0 Business Case

    When the above data is analysed it is obvious that brand DMS does not carry adequate depth

    and breadth. Therefore it is required to create brand awareness on the brand DMS in the minds

    of customer, competitors and community. Three projects are identified as sub projects of this

    initiative. They are

    1. Creating community brand awareness by creating and maintaining presence on socialmedia sites Facebook and Google+.

    2. Creating web presence by designing, implementing and maintaining a corporatewebsite.

    3. Creating awareness in the corporate sector by sponsoring corporate events.

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    6.0.0 Environmental analysis having a direct impact on the project

    Internal

    Strengths

    Respondents to the survey indicate that brand HP carries a high awareness. Therefore if

    associations can be created with it, brand image of DMS could be increased.

    The presence of DMS in the corporate sector is high compared to the retail B2C market.

    Strategies could be formulated to leverage the advantage into retail market.

    Weaknesses

    DMS has not moved into the retail market aggressively. Therefore only limited opportunities

    exist for the brand to be directly exposed to the consumer. The weakness of company not

    having any web presence is to be addressed through a project.

    External

    Opportunities

    Sri Lankan community has also embraced social media networking. DMS has a great

    opportunity to present the brand to a group which could be customers. The advantage of social

    media marketing is, it is low in cost and high in return especially for creating brand awareness.

    7.0.0 Resource requirementsHuman resources

    The three projects require a coordinator to manage DMS interests whilst majority ofwork can be out sourced.

    A resource with capability in FBML-can be out sourcedInfrastructure

    Web developing company with FBML capabilities A web hosting agency

    8.0.0 Potential implications, challenges and constraints and associated risks

    Implications

    The project requires a change of thinking from the staff members. From a company operating

    mainly with B2B sales, the projects will make DMS operate in B2C areas as well. If the staff is

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    not prepared to accept the challenges of the new boundaries, DMS will fail to benefit from the

    project.

    Challenges

    Obtaining staff moti