Project Management: Opening a Café in Cambodia Case Study
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This case study focuses on the project of opening a café in Cambodia near a college. It covers project goals, objectives, deliverables, work breakdown structure, key personnel and resources, project budget, and project risks.
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Running head: PROJECT MANAGEMENT Case Study- Opening a café in Cambodia Name of the Student Name of the University Author’s Note
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1 PROJECT MANAGEMENT Table of Contents 1. Project overview.....................................................................................................................2 2. Problem statement..................................................................................................................2 3. Project goals and objectives...................................................................................................3 4. Project deliverables................................................................................................................5 5. Work breakdown structure.....................................................................................................5 6. Key personnel and resources..................................................................................................7 7. Project budget.........................................................................................................................8 8.Project risks...........................................................................................................................10 Bibliography.............................................................................................................................12
2 PROJECT MANAGEMENT 1. Project overview The paper mainly focuses on the project “opening of a cafe” in Cambodia. It is found that the café was opened near to a college in Cambodia so that the students of the college can spend their free time with their friends during break hours in the college for enjoying coffee and snacks within a reasonable price in an excellent ambience. The main aim of the project is to undertake feasibility analysis to rationally and objectively uncover various strengths as well as weaknesses of the business. In this paper, the project elaborates project goals, objectives, deliverables as well as resources that are required for completing the project. Additionally, the paper also discusses the challenges and risks that are faced by the project with proper mitigation strategies. 2. Problem statement It is found that the cafés that are present in the region where the new café is started were very much expensive and thus the college students faces difficulty in affording the cafés. In order to resolve this issue and challenges, a new café was started in that region in Cambodia that assists in providing proper services to the students at a very much cheaper price that are affordable for the students. The café is needed by the students of the colleges so that they can enjoy their free time within the café. In order to meet the needs and demands of the students, the project was funded with the amountof budget which is generally needed for the project. The scope of the project mainly includes: Opening of a café in Cambodia Undertaking feasibility analysis for the project Identifying the strengths and weaknesses of the project
3 PROJECT MANAGEMENT To analyze the needed budget and time for finishing the project To determine the risks and challenges that are associated with the project It is found that project “opening a café” in Cambodia is undertaken inn order to provide proper ambience to the students of the college for enjoying their free time within their budget. It is found that the time that is generally needed in order to start the café will be around 1096 hours. In addition to this, it is found that for completing the entire the project, the project manager hired resource manager, financial manager, operational manager as well as market analyst. 3. Project goals and objectives The main goal of the project is to start a new café in Cambodia and check the feasibility of the project for rationally uncovering the strengths, weaknesses as well as opportunities of the business. The main objectives of the projects are listed below: To open a new coffee shop in Cambodia To check the feasibility of the business that is undertaken To identify the threats that are associated with the project environment The timeline that is needed to be followed for opening a café in Cambodia with proper milestone is reflected with the help of the figure that is given below:
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4 PROJECT MANAGEMENT Figure 1: Project timeline with milestones (Source: Created by Author)
5 PROJECT MANAGEMENT 4. Project deliverables The project deliverables are listed below: Selecting the menu for the café which will be served Exploring different location Analyzing the competitive market Considering local regulations and laws Exploring the equipment’s that are required for café Establishing business structure Exploring vendors for products like cakes and pastries Exploring health department regulations 5. Work breakdown structure The work breakdown structure of the project thatis provided belowhelpsin describing each of the project tasks including the time in hours as well as the responsible person who is mainly involved with the project completion.
6 PROJECT MANAGEMENT Figure 2: WBS with time in hours and resources (Source: Created by Author)
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7 PROJECT MANAGEMENT 6. Key personnel and resources The key personnel who are mainly involved with the project are listed below in the table with their roles and responsibilities. Key personnelRoles and responsibilities Project managerThe project manager generally takes the responsibilityofplanning,executingand controlling the project effectively in order to finish the project within the expected budget and time. Project plannerThe project planner takes the responsibility of planning the entire project so that the café canbeopenedwithinthetimethatis expected. Resource managerThe resource manager generally takes the responsibility of managing the resources of the entire project successfully. Financial managerThefinancialmanagertakestheentire responsibilityformanagingthefinancial reports in order to finish the project quite effectively. Operation managerTheoperationmanagertakesthe responsibilityofmanagingtheentire operations. Market analystThe market analyst takes the responsibility of analyzing the market so that the work of
8 PROJECT MANAGEMENT the project can be completed within time. The other resources that are required for finishing the project are listed below: Equipment:Equipment like coffee machine and more are needed for staring the café. Materials:Different type of materials are generally needed in order to start the opening of the café. 7.Project budget The detailed budget for the project is provided below which suggests that the project requires $91,240.00 as a fund in order to open the café in Cambodia. Figure 3: Budget of the project (Source: Created by Author) It is found that in order to open a café in Cambodia, the organization requires funding so that they can start their business. Funding will e advantageous as the café thatis opened is near to a college and therefore it is expected that the business of the caféwill flourish. Thus, by checking the feasibility of the project, proper funding must begiven to the project so that the project of café can be started on time. 8.Project risks After conducting proper risk analysis, it is found that there are number of factors as wellas events that can negatively create impact the implementation as well as operation ofthe new business. The identified risks are listed below:
9 PROJECT MANAGEMENT Schedule slippage:Schedule slippage can be a problem that can impact the project negatively. It generally occurs due to improper management of project schedule while the project is progressing. Budget shortfall:If the budget that is needed for opening of the café is not properly estimated then the project manager can face budget shortfall. Inexperienced team members:If the team members are not experienced then they can face number of issues and challenges in completing the entire project within the expected time and budget. Improper marketing:If marketing is not properly, then the project manager will face number of issues and challenges in competing with other café’s that are present on that location. The some of the key issues of which the project manager e aware before initiating the project are listed below: Proper information about project needs and requirements:It is quite important to have proper information about the project needs and requirements before starting the project. Proper budget analysis:If budget of the project is not analyzed then the chances of occurring financial issues enhances.
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10 PROJECT MANAGEMENT Bibliography Badewi, A., 2016. The impact of project management (PM) and benefits management (BM) practicesonprojectsuccess:Towardsdevelopingaprojectbenefitsgovernance framework.International Journal of Project Management,34(4), pp.761-778. Conforto, E.C., Salum, F., Amaral, D.C., da Silva, S.L. and de Almeida, L.F.M., 2014. Can agileprojectmanagementbeadoptedbyindustriesotherthansoftware development?.Project Management Journal,45(3), pp.21-34. De Carvalho, M.M., Patah, L.A. and de Souza Bido, D., 2015. Project management and its effectson project success: Cross-country and cross-industry comparisons.International Journal of Project Management,33(7), pp.1509-1522. Golini, R., Kalchschmidt, M. and Landoni, P., 2015. Adoption of project management practices:Theimpactoninternationaldevelopmentprojectsofnon-governmental organizations.International Journal of Project Management,33(3), pp.650-663. Joslin, R. and Müller, R., 2015. Relationships between a project management methodology and project success in different project governance contexts.International Journal of Project Management,33(6), pp.1377-1392. Pollack, J. and Adler, D., 2015. Emergent trends and passing fads in project management research: A scientometric analysis of changes in the field.International Journal of Project Management,33(1), pp.236-248. Riol, H. and Thuillier, D., 2015. Project management for academic research projects: balancingstructureandflexibility.InternationalJournalofProjectOrganisationand Management,7(3), pp.251-269.
11 PROJECT MANAGEMENT Takey, S.M. and de Carvalho, M.M., 2015. Competency mapping in project management: An actionresearchstudyinanengineeringcompany.InternationalJournalofProject Management,33(4), pp.784-796. Todorović, M.L., Petrović, D.Č., Mihić, M.M., Obradović, V.L. and Bushuyev, S.D., 2015. Projectsuccessanalysisframework:Aknowledge-basedapproachinproject management.International Journal of Project Management,33(4), pp.772-783.