Write a four to six page paper, in which you define the execution, control, and closure aspects of your chosen project

Assignment 3: Project Proposal – Execution, Control, and Closure Due Week 10 and worth 150 points

Note: This is the third of three assignments which, as a whole, will cover all aspects of the project life cycle relevant to your selected project. THIS ASSIGNMENT IS BASED OFF OF THE 1ST AND 2ND ASSIGNMENT, WHICH ARE LISTED BELOW.

Now, it is time for you to discuss your project’s challenges (e.g., risks); performance management plan (e.g., earned value management); and proposed plan for closing the project when it is done.

Write a four to six page paper, in which you define the execution, control, and closure aspects of your chosen project. In your paper you must:

1. Provide a brief summary of your chosen project.

2. Identify and discuss your project’s greatest challenges (at least three) and provide a recommendation for addressing each of the challenges.

3. Examine how you manage your project performance via earned value management. Identify at least three key EVM metrics you will use for your project.

4. Discuss your plan to properly close your project when it is over.

5. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

· Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

· Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

Assignment 1: Project Proposal: Initiating & Planning

Summary of the Project

This is about a startup eatery whose aim would be the creation and distribution of coffee to the clients of Minnesota State. In addition, these products would be beneficial to the health of individuals as well as facilitate the growth of coffee, that is, the name of the company. We will discuss the diverse strategies used to make this company fast growing and better in its field as well as the target market of the company. In addition, we will calculate the margin of safety and our projected sale outcome for the next five years.

In addition, the project is expected to be commercial which gets based on the creation of profitable businesses for the shareholders as well as owners. Before the conduction and completion of the project, the consumer market of Minnesota State is supposed get assessed.

The Project Objectives

Some of the main objectives of the startup project are:

· Finding members of staff as well as training them

· Getting a license from the local regulations

· Finding a suitable site for the Minnesota eatery

The Project Goals

· The main aim of this project is establishing the eatery Minnesota State

· Have loyal consumers as well maintain the existing ones.

· Having several eateries around the state in the long run.

Key Stakeholders

According to research, shareholders are an essential part of the augmentation of any company (Shulha, et.al, 2019). That being said, some of the crucial stakeholders include:

· Government personnel

· The local populace of Minnesota who are supposed to be either psychologically or physically affected by the project.

· Lastly, any stakeholders who are to be on board with their stock.

Key Customers

Clients are essential because they are the main foundation of any business; as a result, this is supposed to be the most basic element (Bocconcelli, et.al, 2018). The key clients for the eatery are:

· The tourists who visit Minnesota

· Some of the institutions for contractual purposes

· Both upper and middle class individuals who are able to afford the coffee.

Deliverables or Milestones for the Project

Deliverables are intangible or tangible services or goods that get produced subsequent to a project that are supposed to be delivered to a client (Jaber, et.al, 2018). These include:

· Redecorating or building the selected location

· On governmental regulations, a license would be important for the startup in Minnesota

· The main deliverable will be finding a suitable location for the eatery.

High-Level Timeline and Deadlines

· Our baseline is to open within 6 months of the planning

· Hiring and training staff should be undertaken before 3 months are over.

· A license is essential before the end of the 2nd month of opening the eatery

· A location is essential to set up this eatery.

Overall Cost

The estimated overall cost of the company has been valued at around $500,000 including a franchise fee of about $ 420,000. The other costs that are remaining are supposed to be as a result of licensing of the eatery, renting the business place and other miscellaneous activities.

Non- Staffing

This point includes the purchase of kitchen equipment, consumable supplies from the suppliers, a computer for the counter, furniture for the eatery and kitchen equipment.

Staffing

The eatery will initially require a staff of around 8 individuals. 1 person as the cashier; 3 people outside the kitchen and 4 cashiers.

References

Bocconcelli, R., Murmura, F., &Pagano, A. (2018). Interacting with large customers: Resource development in small b2b suppliers. Industrial Marketing Management70, 101-112.

Jaber, H., Marle, F., Vidal, L. A., & Didiez, L. (2018). Criticality and propagation analysis of impacts between project deliverables. Research in Engineering Design29(1), 87-106.

Shulha, L. M., Searle, M., Poth, C. N., & Chalas, A. (2019). STAKEHOLDERS WEIGH IN ON COLLABORATIVE APPROACHES TO EVALUATION. Growing the Knowledge Base in Evaluation: The Contributions of J. Bradley Cousins, 99.

Assignment 2: Project Proposal – WBS & Project Schedule

Introduction

The project to open the eatery coffee restaurant was an idea I previously chose due to my interest in fast food joints. The coffee business venture will provide breakfast, lunch, and evening coffee to people and tourists of Minnesota State and government institutions with a specialty on offering fresh and purely ground coffee drinks.

In this paper, I analyze the Work-breakdown structure (WBS) of this project, which divides the main work of opening eatery coffee into smaller activities, which acts as a guide to accomplish the desired results. In this, we look at the business idea of the creation and distribution of eatery coffee in Minnesota State. The WBS shows the breakdown of core activities before the grand opening of the eatery coffee in Minnesota State. These activities are supposed to be scheduled for smooth implementation of the events and ensure the time efficiency of 6 months is achieved.

The core activities include deciding where the capitalization of the business, the furniture to be bought, site location, kitchen designing, wall paintings and decoration, recruitment and training of staff and ordering the supplies, stock, buying of equipment, utensils, and computers.

The WBS and project schedule below shows the core activities with duration and anticipated budget of every action.

Designing exterior features welcome board and g low signs installation desired L ightsand electronics such sound system Obtaining coffee business permit and Franchise license and any necessary approvals Acquisition of stock such raw-materials, tools, instruments and utensils Decoration of interiors wall painting and decoration Designing the counter and computer stand. Installation of instruments kitchen equipment and computer for the counter Designing budgets for eatery coffee business Hiring of staff and training them and getting necessary resources I dentification of suitable site for coffee location in Minnesota and Signing of leasing contracts Designing of the shop and kitchen Financial plan and Blue print on furniture layout, equipment to be acquired and plumbing and electrical needs Eatery coffee structural planning Budget $ 421,000 Creation and distribution of Eatery coffee in Minnesota State Budget $ 500,000 . WORK-BREAKDOWN STRUCTURE OF EATERY COFFEE Coffee shop facilities Budget $ 59,000 Resources and Operations Budget $ 20,000

PROJECT SCHEDULE OF OPENING EATERY COFFEE RESTAURANT IN MINNESOTA STATE

Activity Duration Estimated cost
Core Activities 156 days $ 500,450
1 Creating a business plan 4 days $ 1000
2 Surveying and discussing site location for setting up the business and also researching on customers’ tastes/preferences of people of Minnesota 5 days $ 3000
3 Creation pre-production plan 2 days $ 500
4 Signing an agreement with potential shareholders of the business. 2 days $ 600
5 Discussing the capitalization of the shop 1 day $ 800
Comparing the rental prices of different 2 days $ 1,500
Inspecting and Choosing the a store/shop 1 day $ 1,400
6 Meeting with landlord/real estate 2 days $ 2,500
7 Discussing terms and conditions 1 day $ 1,000
8 The signing of lease agreements 2 days $ 20,000
9 Inspection of the location, payment of rental fee and exchange of keys 5 days $ 1,700
10 Insurance of the coffee restaurant 2 days $ 1500
11 Acquisition of equipment for coffee business such as utensils, computers, refrigerators among others 7 days $ 2,000
12 Sourcing and identification of potential suppliers 3 days $ 350
13 Designing of the structural plan with shareholders, stakeholders 4 days $ 1000
14 Blueprint- discussing on furniture and equipment layout 7 days $ 1,700
15 Renovations such as plumbing and electrical needs, e.g., unique lights 20 days $ 4,000
16 Painting and decorations 15 days $ 3,000
17 Installation of equipment, furniture, menu boards, counters, and fixtures 10 days $ 2,800
18 Designing the interior –choose design and wall frames 14 days $ 3,700
19 Designing the exterior such patio furniture and outside color 6 days $ 4,500
20 The hiring of cashiers, waiters and other assistants ( posting jobs, interviewing, selection and hiring) 15 days $ 2,400
21 Purchasing the stock from vendors 2 days $ 15,000
22 Installation of CCTV cameras 10 days $ 2,700
23 Installation of routers for internet access 2 day $ 2,400
24 Implementation of security measures in the site 1 day $ 1 400
25 Payment of franchise fee 2 days $ 420,000
26 Grand opening restaurant

References

Băncescu, M. (2016). Controlling project schedule progress, using control charts. Cybernetics and Systems47(7), 602-615.

Rahman, W. A. Z. W. A., Zaki, N. M., & Husain, M. A. (2019). A review of work breakdown structure and man-hours estimation method used in shipbuilding production. International Journal of Mechanical Engineering and Technology10(1), 1141-1158.

Sanghera, P. (2019). Project Schedule Management.In CAPM® in Depth (pp. 173-220).Apress, Berkeley, CA.

Zecheru, V., &Olaru, B. G. (2016). Work Breakdown Structure (WBS) in Project Management. Review of International Comparative Management/Revista de Management Comparat International17(1).

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