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Business Proposal | Project Of Customized Handbag

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Added on  2020-02-17

Business Proposal | Project Of Customized Handbag

   Added on 2020-02-17

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Business Proposal(Introducing customized hand bag)
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................4Background..................................................................................................................................4Expected benefits and deliverables..............................................................................................4Project scope................................................................................................................................5Project plan......................................................................................................................................5Risk analysis for the project.........................................................................................................5Critical discussion of project stakeholders..................................................................................6Life cycle of project.....................................................................................................................7Work break down structures........................................................................................................8Resources.....................................................................................................................................9Budget........................................................................................................................................10Planning schedule......................................................................................................................11Conclusion and recommendations.................................................................................................13REFERENCES..............................................................................................................................15
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INTRODUCTIONA project refers to set of activities applied to achieve the specific objectives related tobusiness. In order to ensure successful completion of the project, it is important to apply theproject management principles as it contributes towards analyzing the situation effectively andarranging the activities accordingly for implementation of plan (Edmonds, 2010). The currentproject is based on customized hand bag which would cater the requirement of both men andwomen. However, fashion segment is growing at rapid speed and influencing people to get thetrendy look. At this juncture, bag which is carried by men and women during office and partiesmatter a lot. Owing to this, project plan is based on production of customized hand bag which ishigher in trend and customer desire to have the same kind of antique items.BackgroundThe competent in the sector of fashion is very higher due to continuous updation andinfluence of customers towards the same. The organization operating in the fashion segmentmust come up with new strategies and innovation in the product so as to survive in themarketplace. However, new entrants has greatest threat in case they enter into market with thesimilar kind of fashion. For this purpose, current business will deal in the customized offeringwith specific segment such as jute, specific design and lather etc. The target will remain on bothmen and women as bags will be provided for both party and specific purpose related toprofession as well (Heagney, 2016). Here, customers can easily get themselves registered on thesite of the business and they specific the product. However, use of social media will be done bythe business through which they can come to know about the preferences as well as theirspecification.Expected benefits and deliverablesThe expected benefit of current business is higher rate of return and building thecompetitive edge. However, currently there is less number of corporation working on the samesegment. Owing to this, current project related to customized hand bag would be more beneficialfor the business. At the same time, customer base will be increased. The deliverable under theproject is the customized hand bag which will be delivered to customers just after 5 days ofplacing the order. However, project team will work to reduce the time taken but maximum lengthwill be 5 days after establishment of the business. It is made possible by designing the base of
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