Project management for a new business in india

Assignment Help Management Theories
Reference no: EM131361529 , Length: 4200 Words

Project Management for a new business in India

Feasibility Study 1,200 words; Project Management Plan 3,000 words

Learning Outcomes

1. Discuss and explain the fundamental concepts of project management and the tasks required in managing a project.

2. Outline the project process and evaluate projects, preparing and analysing project budgets.

3. Identify and apply project management tools in scheduling; understand and plan basic resource allocation.

4. Be able to report on a project’s progress; design and prepare closure evaluation and reports.

First Assignment: Feasibility Study

35% of course mark

1,200 word assignment

Final Assignment: Project Management for a new business in India

65% of course mark

3,000 word assignment

The purpose of the final project is to apply the concepts and techniques learned throughout the Project Management programme and final capstone module to the analysis of a statement of work (SOW), work breakdown structure (WBS), project network diagram and Gantt chart.

FINAL PROJECT

Your project for the course will be to develop a plan using the concepts of project management for starting a new small or mid-sized business of your choice in India. The purpose of the group project is to give you the opportunity to plan all aspects of a new project through a comprehensive outline plan, and to organize, coordinate and evaluate all the necessary activities. You must decide what type of business to start, develop performance objectives/goals, determine personnel needs, determine resource requirements, prepare and analyse the project budget (for start-up activities and for annual ongoing operations), develop an implementation schedule through the use of project management tools, develop annual revenue and profit projections for five years, and conduct a risk analysis.

This project will require a substantial amount of research effort in planning for the new business. You will need to develop cost estimates for personnel, plan basic resource allocation, coordinate facilities/equipment/other resources, and any services needed. You will need to determine realistic time frames and duration estimates for the various start-up activities. Some of this information may be available from the Internet, while you may need to contact vendors, industry associations, or other organizations for other information. (Best guess estimates may be used for some costs if no other cost information is easily obtainable, but these estimates should be as realistic as possible. Location of where your cost information is from should be in your references.)

After you have decided what type of new business to plan for, you will need to decide what tasks will need to be accomplished for your project. As well identify key areas on which to report on the project’s progress. In the appendix of your project report, you should include a Gantt chart showing your different tasks required in accomplishing the project and a schedule for these tasks. Finally, design and prepare closure evaluation and reports for the project.

First Deliverable (35%) Feasibility Study

Feasibility Study. Remember, this is just a draft to get you going on the way to the final Project Management Plan. Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained.

Generally, feasibility studies precede technical development and project implementation. A feasibility study evaluates the project's potential for success and is an unbiased approach to provide information upon which decisions can be based.

Create a title page. 5 points

Include the name of your company, title of the project and key members of your organization on the title page.

Project overview. 10 points

The project proposal begins with an overview, which is a summary of the project.

It does not include specific aspects or details of the proposal but should paint an overall picture of what is contained within the proposal.

The project overview is commonly written last, although it is included as the first section of the proposal. The project overview should tie the entire

proposal together and often times writing it last works much better to accomplish this.

The overview is what creates an impression in the mind of the reader, so it is important that it is written strongly.

Statement of the problem. 5 points

This section of the proposal begins discussing the problem that is being solved through this project.

 Use this section also to prove that this project is definitely needed and therefore funding should be approved.

Outline the scope of the project

Write a short introduction describing the project.

This introduction should include a brief description of the project, the

stakeholders, and the time line.

Define and write the project goals and objectives. 10 points

Create goals that are attainable and objectives that are measurable.

This includes a timeline and milestones throughout the life of the project.

Define and write the project deliverables. 15 points

These are physical deliverables that are defined based on the project goals.

Each goal should produce a set of deliverables.

Create a work breakdown structure. 15 points

This is one of the most important components when writing a project plan.

A work breakdown structure describes each task involved in meeting goals and producing deliverables.

You should attach a timeline, usually described in hours, to each task along with someone responsible for completing the task.

It is good practice to include a list of deliverables attached to each task.

Key personnel and resources. 10 points

? This section of the project proposal is used to list all key people that will be a part of the project.

This also shows that the organization has planned thoroughly and has the

necessary resources to complete the project successfully.

Describe each team member and their role in the project.

Include other resources that will be necessary to complete the project,

such as any equipment needed.

Budget. 15 points

Determine and write up a budget for the project if funds are needed to complete the project.

Be sure to include a detailed explanation describing why you are requesting the funds.

Be as realistic as possible. If the funding is not high enough, the project may not be successful because of lack of funds.

Risks: 15 points

Conduct a risk analysis of important potential factors/events that might negatively affect the implementation and operation of the new business.

What are some of the key issues of which to be aware when starting a business in India?

(LO1,2,3,4)

Final Deliverable (65%) Project Management Plan

 Cover Page 3 points

 Table of Contents 3 points

 Executive Summary 10 points

 Industry/Company Background, Mission Statement for the new business, and

Key Performance Indicators (KPIs) 5 points

Establish performance goals and evaluation points for the new business

implementation and during the first five years of operation (e.g. implementation time frame to get the business up and running, and annual revenue and profit objectives); 5 points

Outline the project process and evaluate projects 5 points

Personnel (those needed to implement and run the new business) 5 points

Plan basic resource allocation (that are needed to implement and run the new

business including: facilities, equipment, vendor services, etc.) 5 points

Prepare and analyse project budget (for the new business and one for annual operations for five years (including revenue and profit projections) 10 points

Project Purpose Breakdown (also called a Statement of Work (SOW)) 10 points

Communications Plan 5 points

Work Breakdown Structure (WBS) 5 points

Project Schedule to be identified and applied (created in a Gantt chart) and

Key Milestones need to start new business operations, as well as identify key where you can report on a project’s progress 5 points

Risk Management Plan (of important potential factors/events that might negatively affect the implementation and operation of the new business)

10 points

Design and prepare closure evaluation and reports 5 points

Supporting Research in the form of an Annotated Bibliography 5 points

? Final Deliverable Outline 4 points

(LO1,2,3,4)

Verified Expert

Feasibility Report.docx and Project Management Plan.docx two MS documents are provided to answer both parts, It consists of 1250 words count Feasibility Report document and 3500 words count project management plan document, It is important to study the feasibility of a project before starting the business in the real world. This report has been developed to conduct a feasibility study of starting a new small scale business in India. The new project is actually building up a Spanish restaurant in the city of Mumbai to bring forward the Spanish food tradition in India. The project will highlight the major needs and the plan to be executed for the business to be successful in India. According to the empirical research conducted it has been found out that about 42.37% Spanish visitors visit India annually.

Reference no: EM131361529

Questions Cloud

Percentage of her customers that order biscotti : What is the probability that a randomly selected customer would not order a biscotti, given that he or she does not order coffee? You need to know the percentage of her customers that order biscotti to answer the above question - let's assume that ..
Determine the empirical probability that the next fish : Several friends chartered a boat for a day's fishing. They caught a total of 53 fish. The table below provides information about the type and number of fish caught. Determine the empirical probability that the next fish caught is a shark.
Estimate the demand model : Examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1. Analyze the elasticity of demand for products within the selected industry relevant to Katrina's Candies. Determine the factors involved in maki..
What factor you should consider when writing variance report : Write a paper of 750+ words that explains what factors you should consider when writing your variance report to your vice president in the healthcare industry.
Project management for a new business in india : The purpose of the final project is to apply the concepts and techniques learned throughout the Project Management programme and final capstone module to the analysis of a statement of work (SOW), work breakdown structure (WBS), project network diagr..
Department of homeland security website : Examine the role of statistics in homeland security research using the Department of Homeland Security's website. Search for and identify a homeland security report that utilizes a frequency distribution to create a histogram.
Equation of the regression line for data : The marketing manager of a large supermarket chain would like to determine the effect of shelf space (in feet) on the weekly sales of international food (in hundreds of dollars). A random sample of 12 equal -sized stores is selected, with the foll..
Briefly describe the history of the consolidation standards : Brief description of the history (development) of the consolidation standards (GAAP and IFRS). Brief description of the requirements of the latest consolidation standards (GAAP and IFRS).
How will georges usual ways of dealing with people : George is a 28-year-old male, currently pursuing a degree in psychology. He wants to be a counselor for people with adjustment difficulties. However, George's supervisors are suggesting he consider changing his career because he seems to lack the ..

Reviews

Write a Review

 

Management Theories Questions & Answers

  A detailed information on yips model with graphs and charts

A detailed information on yips model with graphs and charts

  Identify some of the ethnicity changes

Identify some of the ethnicity changes in the United States. Describe how they might affect the marketing practices of (a) a radio station in Texas, (b) food retailers in cities, and (c) a home furnishing store in New York City.

  A professional journal on a current hr-related topic

Choose a research article from a professional journal on a current HR-related topic. The article should contain information on an actual study of a hypothesis with corresponding results.

  Hat role is played by the use of pareto diagrams

Construct a Pareto diagram (chart). In conjunction with the framework presented. What role is played by the use of these diagrams?

  Prepare a detailed swot analysis of amazon strength

Prepare a detailed  SWOT analysis of Amazon Strength, Weakness, Opportunities and Threats

  What do you mean by typical operational hr functions

What do you mean by typical operational HR functions ? Discuss in detail.

  Create a training presentation on ethics

Your organization (you can represent any organization, McDonalds, Starbucks, ESPN, etc.) has asked you to create a training presentation on ethics and compliance to be presented next week

  What are the three generations of knowledge management

What are the three generations of knowledge management to date? What was the primary focus of each? What are the different types of roles required for each of the above three generations

  Designs and manufactures high end fashion clothing

DY Company, based in J Country, designs and manufactures high end fashion clothing, which it sells through its international chain of outlets. The company's customers are willing to pay highprices for DY branded fashion items based on their quality a..

  How amazon illustrate the sources of service sector growth

How does Amazon.com illustrate the sources of service sector growth? - Comment on information technology, Internet as an enabler.

  Why are effective interpersonal skills

Why are effective interpersonal skills so important to a manager's success?

  How many terminal nodes does the game have

Imagine that the payoffs following choice A by player 1 are (2, 0), those following C by player 2 are (3, 1), those following E by player 1 are (0, 0), and those following F by player 1 are (1, 2). What are the Nash equilibria of this game? Does o..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd