Current business status
This should be a short description of where you currently are as a commercial entity, your current product line-up, R&D activities as well as commercial/competitive advantages and disadvantages.
Goals and aspirations
The goals and future aspirations should be somewhat limited to this new project venture however, it’s always great to share the wider aspect of why this project plays a crucial role within the overall company vision.
Project overview and scope
Now that the current status and vision has been laid out, it’s great to talk freely about what the project is, what the utility of the product/device will be, why it would be used, the benefits it will bring as well as the limits of the project.
Project stakeholders
Stakeholders are people of importance to or, who hold value in the project. These may be internal positions such as Head of Operations, Marketing, Engineering, etc. It’s also important to include your end users, investors, compliance bodies and generally, anyone or anything that will interact with your product!
Roles and responsibilities
Listing potential project members including their roles and responsibilities makes it clear from the outset what each project member is focusing on, what they need to deliver, and who they may need to talk with in order to bridge the overlap of responsibilities for example, a proof of principle prototype may require discussions with project management, procurement teams, approved vendors, goods in/logistics teams, hardware engineering teams, electronics engineering teams, software engineering teams, NPD assembly teams, testing and validation teams, and health & safety members. Not being clear on responsibilities from the start is one of the main reasons that projects can run into difficulties so is important for all stakeholders to know they are accountable.