Market Monitoring & Opportunity Identification Project Template

Market Monitoring & Opportunity Identification Project in Priority Matrix

Track market trends and identify business opportunities in the electrical and industrial supplies industry.

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Proposed Tasks

High Impact, Quick Wins

• Establish Market Monitoring Framework - due in 1 week
  Develop a comprehensive framework for monitoring market trends, including key parameters, data sources, frequency, etc. ☐ Identify key parameters ☐ Select reliable data sources ☐ Set monitoring frequency
• Identify Potential Business Opportunities - due in 2 weeks
  Analyze the market data to identify potential business opportunities. ☐ Analyze market data ☐ Identify opportunities ☐ Evaluate feasibility
• Establish Project Team - due in 5 weeks
  Form a project team to execute the approved business proposal. ☐ Identify team members ☐ Assign roles and responsibilities ☐ Formalize team
• Kick-off Project - due in 2 months
  Start the project execution as per the plan. ☐ Conduct kick-off meeting ☐ Begin project execution

High Impact, Long Term

• Update Market Monitoring Framework - due in 15 months
  Update the market monitoring framework based on the project experience and lessons learned. ☐ Identify updates ☐ Implement updates
• Develop Business Proposal - due in 3 weeks
  Prepare a business proposal detailing the identified opportunities and strategies to capitalize on them. ☐ Draft proposal ☐ Review and refine ☐ Finalize proposal
• Pitch Proposal to Stakeholders - due in 1 month
  Present the business proposal to the stakeholders and get their approval. ☐ Prepare presentation ☐ Present to stakeholders ☐ Get approval
• Develop Project Plan - due in 6 weeks
  Prepare a detailed project plan outlining the tasks, timelines, resources, etc. ☐ Identify tasks ☐ Set timelines ☐ Allocate resources
• Implement Mid-Term Adjustments - due in 9 months
  Implement the adjustments identified during the mid-term review to align the project with its objectives. ☐ Plan adjustments ☐ Implement adjustments

Low Impact, Quick Wins

• Implement Lessons Learned - due in 14 months
  Implement the lessons learned from the project to improve future projects. ☐ Plan implementation ☐ Implement lessons learned
• Monitor Project Progress - due in 3 months
  Regularly monitor the project progress and make necessary adjustments. ☐ Monitor progress ☐ Identify issues ☐ Make adjustments
• Prepare Progress Report - due in 4 months
  Prepare a progress report detailing the project status, accomplishments, issues, etc., and share it with the stakeholders. ☐ Prepare report ☐ Share with stakeholders
• Implement Improvement Measures - due in 6 months
  Implement the identified improvement measures to enhance project performance. ☐ Plan improvement measures ☐ Implement measures
• Prepare Mid-Term Report - due in 8 months
  Prepare a mid-term report detailing the project status, accomplishments, issues, etc., and share it with the stakeholders. ☐ Prepare report ☐ Share with stakeholders
• Monitor Project Progress - due in 10 months
  Continuously monitor the project progress and make necessary adjustments. ☐ Monitor progress ☐ Identify issues ☐ Make adjustments

Low Priority / Etc.

• Conduct Post-Project Review - due in 13 months
  Conduct a post-project review to evaluate the project's performance and identify lessons learned. ☐ Conduct review ☐ Identify lessons learned
• Conduct Project Review - due in 5 months
  Conduct a thorough review of the project to evaluate its performance and identify areas for improvement. ☐ Conduct review ☐ Identify improvements
• Conduct Mid-Term Review - due in 7 months
  Conduct a mid-term review to evaluate the project's status and make necessary adjustments. ☐ Conduct review ☐ Make adjustments
• Prepare Final Project Report - due in 11 months
  Prepare a final project report detailing the project's accomplishments, issues, lessons learned, etc., and share it with the stakeholders. ☐ Prepare report ☐ Share with stakeholders
• Conduct Project Closure - due in 12 months
  Formally close the project and release the resources. ☐ Conduct closure meeting ☐ Release resources