Business Plan Workbook for Professional Development Experience (1) - Desklib

This business plan workbook is designed for Professional Development Experience (1) course with course code BUSN08033. It includes sessions on project proposal, planning, Gantt chart, project stakeholders and more.

Professional
Development
Experience (1)
Workbook
BUSN08033
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Contents
Session 1: Introduction to Module:.......................................................................................................3
Session 2: Defining Your Project............................................................................................................4
Project Proposal:................................................................................................................................5
Session 3: Planning Your Project:...........................................................................................................6
Gantt Chart of Project Timeline:........................................................................................................7
Session 4: Project Proposal Submission Week.......................................................................................9
Session 5: Project Background: Context and Stakeholders..................................................................10
5.1: Project Research:......................................................................................................................10
Session 6: The Iron Triangle – Part 1....................................................................................................12
Session 7: The Iron Triangle – Part 2....................................................................................................13
Week 8: Monitoring Your Project........................................................................................................14
Week 9: Skills Development................................................................................................................15
Week 10: Monitoring Your Project......................................................................................................17
Week 11: Final Review of Your Project................................................................................................18
Week 12: Project Workbook Submission.............................................................................................19
References:..........................................................................................................................................19
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Session 1: Introduction to Module:
Think about the kind of project you would like to work on for this module. Make some notes in the
box below:
In order to complete this particular assignment, a restaurant has been taken into account in order
to work upon it. The main aim of adopting the restaurant business is to provide the exotic and
unique taste of food of different continent which is difficult to taste In UK. Hence by the
mentioned business plan a wide range of different food item with unique flavours will be deliver
to the customer of UK. One of the major advantage of performing the business in the mentioned
field is because I have the experience of 2 years in the food industry as well as worked on this
business idea for around 5 year which gives an extra edge to establish the mentioned business
more efficiently.
Personal Research:
Find a resource that discusses project management; put a link to it in the box below.
https://www.pmi.org/about/learn-about-pmi/what-is-project-management
What is the main point made in this resource?
The project management is the process in which an individual use the specific knowledge, tools
and techniques as well as skills in order to deliver the effective operation functions in the
operational market.
Personal Reflection:
What did we do?
In order to handle the derived project more efficiently I performed various tasks to ensure that
the derived plan will meet the goal. By the use of digital tool various information regard to the
customer demand and needs were evaluated.
What did I learn?
Restaurant managers are the one of manages all the operational activity of restaurants. Through
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the effective communication skills customers can be transform form first timer into loyal one.
Through the planning skills all the functions can be easily bifurcated according to the decided plan
in order to get the optimum utilization of resources.
How can I apply this to my project?
By applying the mentioned scenario can facilitate me in order to mange all the working operations
of mentioned business more efficiently and effectively.
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Session 2: Defining Your Project
What do I want to do for my project?
The food market of UK is a emerging market as well as there Is higher possibilities of getting the
success in the mentioned industry by catering the vast number of audiences.
Where are you going to do your project?
I am planning to establish my project in Boston.
What type of project is it going to be?
Food & beverages
How does it link to learning to date?
The mentioned project will help in developing the essential skills which is required in performing
the successful business.
Personal Research:
Find a resource that discusses S.M.A.R.T. objectives; put a link to it in the box below.
https://www.clearreview.com/resources/guides/which-smart-objectives-definition-should-i-use/
What is the main point made in this resource?
The above mentioned resource highlights the process of objectives setting which developed by
the manager in order to measure and fulfil the goals.
Personal Reflection:
What did we do?
We developed the number of SMART objectives according to the business activities. All these
objectives were time bound In order to get the accurate insights of the operations effeciency.
What did I learn?
I learned about the importance of time management. As all the task need to address in a time
bound.
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How can I apply this to my project?
I can apply these practises in my project in order measure the restaurant progress.
Project Proposal:
Using the space below write your project proposal:
Project Aim:
One of the main aim of my project is to develop the effective restaurants in regard to serve the
great taste to the customers as well as built the strong relationship with them. By delivering the
vast number of different and unique continental food items such as mega pizza with different
unique continental flavours.
Project Objectives: (S.M.A.R.T.)
S- will plan to enhance the business sales by 25% by the end of the month.
M- the monthly sales will be measured in order to get the real stats of performed operations.
A- we will focuses on enhancing our business sales by opening the new sites.
R- by offering the unique continental dishes as well as offering the mega pizza to establish the
unique brand image in the operational market
T- all the goals will be indulged with deadlines to get the real updates. By performing such
functions operational cost can be managed more effectively.
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Session 3: Planning Your Project:
Using the Table below create a list of all the activities you believe you will need to achieve to
complete your project. Consider the order and duration each of the activities will take.
Sequence Activity Duration
Daily Market analysis 1 hour
Daily Cash flow forecast 1 hour
Daily Competitive analysis 45 minutes
Daily Owners background 30 minutes
Daily Shareholders meeting 2 hours
Daily Business goal 50 minutes
Daily Unique selling point 40 minutes
Using this list of activities and some appropriate software create a Gantt chart of your project’s
timeline.
Insert your completed Gantt chart on the page below:
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Gantt Chart of Project Timeline:
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Personal Research:
Find a resource that discusses using Gantt charts in project management; put a link to it in the box
below.
https://www.mindtools.com/pages/article/newPPM_03.htm#:~:text=Gantt%20charts%20are
%20useful%20for,which%20you'll%20complete%20tasks.
What is the main point made in this resource?
The Gantt chart assist in identifying the essential task as well as identify the task relation in order
to develop the effective business function channels.
Personal Reflection:
What did we do?
We reviewed all the activities on weekly basis In order to get then real updates Of the performing
functions.
What did I learn?
I learned that the Gantt is helps in addressing all the small details of the business which is not
possible manually. Hence, these details can help in developing the more effective business plan.
How can I apply this to my project?
By applying the mentioned practice In my project will help in planing and scheduling the project.
By the implication of such practice will help In deriving the activities more strategically as well as
allocate resources to fulfil the task.
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Session 4: Project Proposal Submission Week
This week you need to ensure that you have:
Completed your proposal and submitted it via e-mail to [e-mail].
Completed your proposed project activity plan in your workbook.
Completed your proposed project timeline on a Gantt chart.
Personal Research:
Find a resource that discusses Project Stakeholders; put a link to it in the box below.
https://www.wrike.com/project-management-guide/faq/what-is-a-stakeholder-in-project-
management/
What is the main point made in this resource?
The main point made in this resource that stakeholders can impact the business operations.
Different stakeholders have different roles in the business operations. Hence, the have the
potential to influence the business decisions.
Personal Reflection:
What did we do?
We analysed the different stakeholders who are associated with the mentioned field in order to
understand the various traits regard to finance operations.
What did I learn?
I learned that stakeholders have the power to influence the business functions.
How can I apply this to my project?
By applying the mentioned Practice I will make sure that all the stakeholder will highly engaged in
the business functions according to their share in the business.
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