Establishment of Start Up Business

This presentation discusses the establishment of a new business that sells customized products and implements a website for reaching clients easily. The project aims to be completed in 63 days.

Establishment of Start Up
Business
Name of the student:
ID of the student:

Introduction
• The paper mainly reflects on the estabilishment of a
new business
• The business will generally engage in selling
customized products including t-shirts, shirts as well as
mobile mugs
• In addition to this, the business will also implement a
website for reaching to the clients easily
• The project of a new business establishment will get
completed in 63 days.

Project goal
• The main goal of the project is to establish a new
business of various types customized products
including the mugs, t-shirts as well as mobile
covers.
• Additionally, the business also aims to set up a new
website in the business of the organization so that
they can be able to reach to the customers easily.

Key assumptions/constraints
Assumptions
• The business establishment will get done in 63 days
• The utilized budget for establishing new business will be
around $100,000
• The team members will get successfully involved within
project for accomplishing the objectives
Constraints
• The utilization of inappropriate risk management tools does
not determine the risks properly that would further impact
the project negatively
• The business should be established within 63 days
otherwise the project will face delays that will further
increase the budget of the organization

Work breakdown Structure
Establishment of Start Up
Business
Office Space Selection
Specify Requirements
of the Warehouse
Review Various
Sites for Office
Space
Select a Site for the
Office Space
Contract
Negotiations with
the Site Owner
Finalise Contract
Warehouse Selection
Specify Requirements
of the Warehouse
Select a Warehouse
Building
Sign Contract for
Renting of the
Warehouse
Website Development
Requirement
Gathering and
Analysis
Hire Developers
Prepare List of
Hardware Required
Prepare List of
Software Required
Procurement of
Hardware and
Software
Installation of
Hardware
Installation of
Software
Install Website
Development
Platform
Develop the
Website as Per
Specifications
Testing and
Handover
Sign Off

Scope control measures
The scope control measures that are needed be
followed within the entire project are generally
listed below:
• Proper measurement of the project against the
baseline of the project scope
• Determination of the magnitude variances
• Deciding whether preventive or proper
correction action is generally undertaken
• Updating the scope baseline as well as PM plan
• Proper evaluation as well as elaboration about
the impact of changes

Project schedule

Project budget

Human resource management
Communication type Objective Medium Audience Owner Deliverable
Kick off meeting The main objective of the
kick off meeting to
discuss project goals
Face to face Project team Project manager Documents, reports
Status meeting Status meeting is arranged
for sharing the status
report of the project
Email/face to face Project manager Team leaders Status report
Weekly meeting Weekly meeting is needed
for highlighting the issues
that the project is facing
Email/Face to face Team leader Project manager Risk management plan

Risk management
Risk Description Impact & Likelihood Resources used Responsible Date of monitoring
Schedule slippage Schedule slippage
generally causes delay
within the project.
Impact -High
Likelihood-High
Human resources Project manager 26-05-2019
Budget shortage Due to shortage of budget,
the project faces a number
of financial issues
Impact -High
Likelihood-High
Financial resources Financial resources 27-05-2019
Improper quality of
resources
Improper quality of
resources causes quality
related challenges
Impact -Medium
Likelihood-Medium
Quality analyst Quality analyst 28-05-2019
Inexperienced team
members
Inexperienced team
members are unable to
finish the project
Impact -High
Likelihood-Medium
HR managers HR managers 30-05-2019

Project feasibility
The feasibilities studies of the project generally include the following:
• Technological feasibility: The hardware and software that are needed for the project are
easily available and therefore the project is considered to be economically feasible
• Economic feasibility: The project is economically feasible as the entire project gets
completed within the budget $100,000.
• Schedule feasibility: As per the schedule, the business will be established in 63 days that is
considered to be very much feasible.

Bibliography
• Badewi, A., 2016. The impact of project management (PM) and benefits management (BM) practices on
project success: Towards developing a project benefits governance framework. International Journal of
Project Management, 34(4), pp.761-778.
• Conforto, E.C., Amaral, D.C., da Silva, S.L., Di Felippo, A. and Kamikawachi, D.S.L., 2016. The agility
construct on project management theory. International Journal of Project Management, 34(4), pp.660-674.
• Hornstein, H.A., 2015. The integration of project management and organizational change management is
now a necessity. International Journal of Project Management, 33(2), pp.291-298.
• Kaiser, M.G., El Arbi, F. and Ahlemann, F., 2015. Successful project portfolio management beyond project
selection techniques: Understanding the role of structural alignment. International Journal of Project
Management, 33(1), pp.126-139.
• Kivilä, J., Martinsuo, M. and Vuorinen, L., 2017. Sustainable project management through project control
in infrastructure projects. International Journal of Project Management, 35(6), pp.1167-1183.

Thank You