Assessment 1: A New Gym Project

This assessment discusses the plan for starting a new gym business, including project lifespan, budget, equipment, human resources, risk assessment, consultation process, key performance indicators, contingency plan, and staffing requirements.

Running head: ASSESSMENT 1 1
Assessment 1
Student’s Name
Institution
Date

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Project selected: A new Gym
Date start project 17/07/2019
Date due project: End of the 3rd quarter of 2019
Goal: Start a new gym business
Budget: $50,000
Staff: 8 people
The plan should include;
a. An estimate of the project lifespan
Considering the type and nature of the project, it will take approximately one month. The
month will be enough to set up the gym, buy equipment, and look for a professional trainer.
Project Breakdown
Week 1: Seeking approval for the project
The project will be presented to the general manager for evaluation. The general manager will
approve or suggest changes.
Week 2: Evaluating Budget
The budget allocated will be evaluated to see if it is implementable or not.
Week 3: Buying equipment

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The purchase of the equipment will take place. The project team will be responsible for this
process.
Week 4: Installing and finalizing
The equipment will be installed, and everything will be put for the commencement of business.
b. Financial resources requirements
The gym will cost $50,000. The cost includes all the necessary equipment and the labor
that will be involved in setting up the gym. The equipment that will be used will be new. The
following is the breakdown of the equipment that will be needed and the costs;
a. Squat Rack- $4,500 (3 pieces)
b. Barbells- $4000 (10 pieces)
c. Bench Press- $4000 (5 pieces)
d. Incline Bench Press- $1000
e. Cables And Pulleys- $6,000 (3 pieces)
f. Hammer Strength Machine- $5,000
g. Dumbbells- $3000 (10 pieces)
h. Pullup Bar- $1000 (10 pieces)
i. Lat Pulldown Machine- $500
j. Leg Extension Machine- $350
k. Leg Curl Machine- $700
l. Calf Machine- $300
m. Kettlebells- $1500 (10 pieces)
n. Equipment installation (labor)- $2,000

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c. Human resource and other capacity requirements
The project will target professionals who are ready and qualified to commence the job
and therefore no training will be needed. The human resource that will be needed in the gym will
be three head coaches; a bodybuilding trainer, aerobics coach, and a meditation or yoga coach.
Each of the coaches will be provided with two assistants. A cleaner will also be needed as well
as a receptionist. The budget of the human resource is as follows;
a. Head coaches- $7,000
b. bodybuilding trainer, aerobics coach, and a meditation coach- $6,000
c. Cleaner- $1,500
d. Receptionist- $1,800
d. Risk assessment mitigation strategy
The risk assessment mitigation strategy that will be used in this project will be the avoidance
strategy. The avoidance strategy is aimed at making sure that risks are avoided in the best way
possible. To promote safety, policies of the gym will be embraced by the workers and the clients.
The following are the rules that will be present in the policy;
a. New clients must be placed under the supervision of the instructor to make sure that they
are not exposed to risks.
b. Only members of the gym will be allowed to use the facility.
c. No running in the gym.
d. In case of any challenge, the client should consult the instructors before engaging.
e. There will be no refund as long as a client has started his or her sessions.

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f. People with health issues must inform the instructors before commencing with their
sessions.
g. Accessing the gym past regular hours will need special planning with the instructors.
Develop a consultation process of discussing your plan with other staff
a. Monday meetings will be held to discuss weekly expectations.
b. Phone calls will be made in the case of any update.
c. Progress forms will be sent to project team via the email where the team members will be
expected to fill the forms.
Key performance indicators to measure progress
a. The key performance indicator in this project will be beating the deadline. The project
has not started operating to the capacity of making money, and it is, therefore, important
to look for the most suitable key performance indicators. If the team that will be engaged
will be able to beat the deadlines, it will be proof that there is progress.
b. The ability to work within the stipulated deadline.
c. Briefing from the project team.
d. Email follow ups.
e. Weekly meetings with the project team.
Contingency plan in relation to;
a. Outsourcing human resources
The contingency plan of outsourcing human resources will be to focus on many service
providers or organizations. In case one human resource contractor fails to meet the expectations

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and the needs of the project, there will be alternative choices. To make sure that there is nothing
that stops the process of outsourcing, a sum of $10,000 will be set aside.
b. Recycling and re-using
Having a recycling machine at the company is a contingency plan. It means that no other
party will disrupt the recycling plans of the company. A total of $15,000 will be set aside to take
care of any emerging recycling inconvenience.
c. Strategies for reducing cost
The best plan, in this case, is to outsource services that might be provided at a lower price
than hiring permanent employees. In some cases, working with contractors can be cheaper
because there are no employee benefits that are attached. Therefore, the best way to reduce costs
is to look into ways of outsourcing services at a lower cost than hiring permanent employees.
Meeting staffing requirements
a. The first action would be to analyze the needs of the staff members and the exact time
that the needs would be essential. By doing so, it will be easier to meet the requirements
of the staff members.
b. The second action would be to allocate a separate budget for the staff members. A
separate budget will help to meet the requirements of the staff members as soon as the
need emerges. The reason behind it is because there will be no processes that will be
involved in trying to meet requirements since the money will be ready.
c. Pre-purchasing is the third action that will be taken to make sure that the staff members
are provided with the requirements they might need. In this case, all the essential needs

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will be purchased before the beginning of the project, and that will mean that the staff
members will get whatever they need at the convenient time.
Elimination of resource inefficiency and waste
To eliminate resource inefficiency and waste, accountability among the people who will be
working on the project will be promoted. When dealing with a lot of people in a project,
managing and eliminating waste can be a challenge. However, promoting accountability and
making it clear that the person who will promote inefficiency will be liable is a strategy of
ensuring that all project members utilize the resources efficiently. At the same time, purchases of
the exact resources that are needed is another way of promoting efficiency. For example, if only
one liter of paint is needed to paint the wall, only a liter should be purchased instead of
purchasing two liters and then wasting a full liter.
Who might you seek specialist advice from regarding question 5 and 6?
In the case of number five, the human resource manager is the best person to refer to. The
human resource manager is responsible for making sure that operations in an organization are
effective, and this includes providing the employees with all resources and tools they need to be
effective. In the case of number six, the human resource manager is also a specialist to refer to.
Elimination of waste during operations is monitored by the human resource team because the
docket of operations in the company is under human resource management.
Who will you seek approval from for your plan?
The general manager of the hotel is the person to seek approval. The project is aimed at
adding a new business, and that means that the highest authority of the company must be

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included. At the same time, the person who brought the idea of new business was the general
manager, and that means that he is the right person to consult.