Eurocash has decided to develop a mutual fund comprised almost entirely
of East European companies with a high growth potential. The
process of developing a new mutual fund begins with concept development,
which includes establishing a clear definition of the project’s objectives
that is agreed upon by senior management and developing a marketing
A business analysis is then performed that
includes assessments of market feasibility, internal feasibility (budgetary
resource requirements), and regulatory feasibility.
If the proposed fund passes the business
analysis, the fund design is developed.
The design process consists of product design,
service design, internal review and authorization, and SEC registration
(assuming a U.S. market).
As the design process nears completion,
generally recognized as a positive preliminary review by the SEC, employee
training is performed.
After completion of the employee training
and final regulatory approval, the product is launched, and post-launch
reviews are conducted at predetermined intervals.
Prepare a work breakdown structure (WBS) for this project with activities
corresponding to a two level task and sub-task hierarchy. Provide
columns showing the WBS code and activities. Number and indent the WBS
codes so that the level of each activity is clearly identified.