Project Management Plan for a Nursery Business

This report presents a project management plan for a nursery business, including strategies, stakeholders analysis, WBS, budget, project schedule, risk assessment, and monitoring and controlling techniques. The plan evaluates key stakeholders and associated risks, and ensures effective measures for simplifying business operations. The budget estimation and risk register are also included.

Project Management Plan

Executive summary
In the given report document, a presentation of project management strategies and
techniques relative to the proposed business idea is being displayed. The given report will
evaluate on better productivity of the business plan by filtering the business process through the
use of project tools and relative concepts. Furthermore, it can be said that the project report
evaluates key stakeholders and associated risk to a relative business plan and ensures effective
measures under which business working can be simplified.

Table of Contents
Executive summary..........................................................................................................................2
Tables and figures............................................................................................................................4
Introduction......................................................................................................................................5
Main Body.......................................................................................................................................5
Project outline.........................................................................................................................5
Scope of project......................................................................................................................5
Stakeholder analysis...............................................................................................................6
WBS.......................................................................................................................................8
................................................................................................................................................8
Draft of cost/resources to be used..........................................................................................9
Project schedule....................................................................................................................10
..............................................................................................................................................12
Risk Assessment...................................................................................................................13
Conclusion.....................................................................................................................................14
References .....................................................................................................................................16

Tables and figures
Particulars Description
Figure 1 Stakeholder matrix
Figure 2 WBS
Figure 3 Gantt chart
Figure 3.1 Activities
Figure 3.2 Schedule
Figure 3.3 Network diagram
Table 1 VRIO matrix
Table 2 Budget
Table 3 Risk register
Table 4 Monitoring and controlling

Introduction
Project management refers to the process of leading work in a project firm concerning
attaining desired project goals and objectives. The given technique enables operations being
produced in the project firm as per desirable standards for their achievement meeting respective
goals and objectives of the project firm. In the given paper which is being formatted as per
standards of report document, a project management plan for a nursery will be taken into
consideration. Through presented plan inclusive of project management theories and concepts
will be discussed in-depth as well as appropriate project management tools will be drafted. In
addition to this, key considerations to project resources will be initiated along with deriving a
concise budget for the project. Lastly, risk assessment surrounding the project activities will be
taken into consideration (Haggard and Bosma, 2018).
Main Body
Project outline
A project management plan for a nursery business can appear to be a casual approach in
terms of providing its derivates to society on an environment ental, social, and economic basis.
The given project plan will dedicate its efforts to incorporate a nursery business seeking to the
opportunity being raised in respect to high childcare cost and availability of suitable places are
an ongoing issue for working parents. The provided project management plan will evaluate better
strategies or techniques under which effective ways can be sorted for entrepreneurs for a nursery
business start-up. For this purpose relative market researches will be performed and filtered
through project management tools and strategies (Hall, Needham and Allen, 2019).
Scope of project
The scope of the said project management plan is inclusive but not limited to
incorporating a start-up business plan for a nursery business. The stated project report will
highlight key considerations of associated individuals or stakeholders and develop an effective
plan to govern project activities. Project tasks will be performed concerning ensuring successful
incorporation of nursery business for which preparation WBS and Gantt chart will be taken into
consideration. Furthermore, the threat of risk to the project firm will be reduced by preparing a
risk assessment (Hough, 2020).

Stakeholder analysis
Stakeholder analysis is inclusive of paying attention to the respective individuals who are
most important in the progress of project tasks. For the given project i.e., Nursery business start-
up key considerations to stakeholders including, clients, investors, marketers, and directors will
be taken into consideration. Following such matrix manager of the project firm will be able to
gain a good head-start for the respective business and will ensure its relevance for being
trustworthy and also presenting a decent brand image in the operational market (Lim, Kim and
Kim, 2021).
Figure 1: Stakeholder Matrix
 High power, low interest: The given category includes stakeholders with low interest
towards operational working but possess high power to manipulate decision-making in
the firm will be taken into consideration. For illustrated project plan i.e., start-up business
plan for a nursery business, clients of respective business will be taken into
consideration. For the reason being, they are the ones for which all the business tasks and
relative goals will be undertaken in the business firm. They possess high power to

manipulate decision-making in business but seek less interest towards operations of
business firms. High power, high interest: Under the mentioned category individuals who possess high
power to manipulate the operational working of the firm and also have high interest in the
operational working of the company are being included. Concerning chosen project,
directors of the nursing business will be taken into consideration. In its evaluation, it can
be said that it will be important for the project firm that all the actions are to be produced
with the interest of directors in the workforce. Appropriate working standards will be
derived concerning working goals and constructing a critical path towards the success of
the organizational firm. Low power, low interest: This category includes stakeholders with low interest towards
operational working and also with low power to manipulate decision-making infirm will
be taken into consideration. The given segment is inclusive of marketers who are to be
placed under the respective segment. It can be said that stakeholders being in this
segment are least to be concentrated, however, they are still being tracked by managers of
the corporate firms as they might lead to a series of situations through which business
operations can be manipulated.
 Low power, high interest: For this category individuals who possess low power to
manipulate operational working of the firm but have high interest in the operational
working of the company are being included. Inclusive of this segment are investors for
the business plan. For this investor of respective business, plans possess less influence of
power to manipulate operational work, however, seek high interest for the operational
working of the business firm.

WBS
Work breakdown structure is a presentation of a business task in a structured format that
relates to their completion and inter-linked activities. Formulating a WBS plays a vital role to
ensure effective coordinative tasks to be performed in a business firm. For respective business
ideas, below are presentations of tasks in a structured format which can be followed by business
managers to guide better coordination of organizational firm (Mavindidze, van Niekerk and
Cloete, 2021).
Figure 2: WBS
Project
management
plan
Project
initiation Project planning Project closure
Project
execution
Project
monitoring and
controlling
Business idea Preparation of
budget
Implementing
tasks Risk register Legal
formalities
Perform market
researches
suitable place
Listing key
activities and
estimated cost.
Performing
operations
Standard
production and
risk
management
Meeting
stakeholder’s
demands
Finding suitable
place for
operations
Greetings

Draft of cost/resources to be used
For regulating affairs of the business plan there would be significant attention which
would be paid off against cost resource management. The purpose of this is to derive at-most
advantage for effective utilization of resources and also enhance standards of business firms in
respect to competition in a given marketplace. Being engaged in a respective business plan that
states the business idea of nursing to be provided in the relevant areas of operations. For the
purpose being and because resources are limited in nature, therefore key considerations to
resources being used in business will be taken into consideration (Muntean, 2021).
There will be a range of resources which will be taken into consideration by managers of
the business firm. It is inclusive of equipment, IT, furniture and security, etc. In a range of such
resources, there would be a variety of major resources which would be deemed for their
attention. Under the project management plan, such resources will be tested for their relevance,
nature, and operations and key understandings will be developed by their effective usage.
Following are some key resources that would be needed for respective business start-up and is
being illustrated under VRIO analysis;
Resources Valuable Rare Imitable Organized
Inventory
HR
Technology
Land
Table 1; VRIO matrix
From the above VRIO analysis table, it can be said that Inventory as a resource is found
out to be the most important resource for the company. Managers of the firm are suggested to
invest more for the given resource as a said resource has enough potential to develop better
productivity of the business firm and thus, provide a decent head-start to respective business
idea. Another resource i.e. HR is found out to be valuable, rare, and imitable but not organized.
Extra efforts are being expected by managers of a business firm in accordance to bring this
resource in an organized manner and accordance to the operational working of the business firm.
Furthermore, managers of the respective firm with the business idea need to pay attention to
activities of innovation and creativity. This will ensure a better course of coordinative actions in

the workplace and will avoid practices of imitation from competitors or existing businesses
operating in similar business markets (Pakroo, 2018).
Budget
A budget refers to the presentation of estimated costs believes in regards to the course of
actions to be produced in the business firm. Formulation of a budget document is a complex
business process in which key considerations to planning or strategic business functions of the
business firm are being concentrated. Formulating a budget document aids towards better
engagement with operational tasks as employees working in a corporate firm can perform work
as per the clear vision and within the limit of resources assigned for completing the task. This
will prove to be an important approach for which better standards of operating in the corporate
firm can be established (Teixeira-Poit, 2020).
For business idea, Nursery business start-up a budget of $60,000 will be taken into
consideration for setting some initial working standards. This $5,700 will be kept as cash in hand
for regulating flexible processes in operational firms. Below table 1 shows the budget estimation
of budget allotments to respective activities;
Particulars Amount
Web development $36000
Opening inventory $5000
Insurance $3000
Utilities $2500
Business license $800
Legal $7000
Total $54,300
Table 2; Budget
Project schedule
A project schedule is a timetable being prepared in respect to displaying the start and end
dates of all project tasks. For the given concept series of tasks to be performed are being listed
and better standards of working in an operational firm are being displayed. About the given

project management plan for the proposed business idea, the use of the Gantt chart is being taken
into consideration (Weaven and et. al., 2021).
Gantt chart
Figure 3.1

Figure 3.2
Figure 3.3

Risk Assessment
It refers to taking into consideration risk factors that are related to activities that are
performed in the business firm. The given process is an important activity that is to be performed
by a project manager to ensure the better efficiency of the business idea. In provided context, a
risk register is being performed about deriving productivity of the corporate firm (Gordon and
Hadley, 2018).
Risk Register
N
o.
Risk Effect Possibility Mitigation
1 Power failure Low High Using good quality of machines and
equipment being used under guided
manner.
2 Frequent changes in
weather
High Moderate Estimating the possibilities and good
planning techniques.
3 Security and safety Low Moderate The vision of a secured place to work
4 Lack of HR High High Effective HR management
5 Updates in technology Low Moderate Market research
6 Ineffective catering
services
High Low Hiring good quality catering
7 Low coordinative
actions
High Low Coordination techniques
8 Less availability of
allocated resources
Low High Allocation of resources in a proper
manner
9 Issues relation to
society
High Low Completion of social objectives
10 Self-esteem High Low Providing a fair working environment in
the operational firm.
11 Less availability of
parking space
Low Low Organizing good parking facilities
12 Low on financial Low Low Finance management

resources
13 Conflicts in project High Low Effective supervision
14 Lack of moral Moder
ate
Low Marking company is a good place to work
through motivational techniques.
15 Disturbance from
government
Low Low Market research
16 Resource shortage High Moderate Effective allocation and usage strategies.
17 Safety of employees High Low Illustrating disaster management training
session.
18 Act of God Low High -
19 Ineffective time
management
Low High Time management techniques
20 Market uncertainties High Low Market research and operational
flexibility
Table 3; Risk Register
Monitoring and controlling
Effective techniques of monitoring and controlling play a vital role in regulating the
success of a business firm in long run. This establishes effective business standards based on
which effective brand image through accountability and transparency in business operations can
be established by managers of the corporate firm (Au-Yong-Oliveira and Costa, 2021).
Particulars Quality
expectation
Acceptance
criteria
Quality
specification
Controlling
techniques
Advertising High Increasing sales
by 5%
Technology usage Training and
developing
Methodology High Increasing
productivity by
5%.
Agile and
Waterfall
Following
principles of
methodology
Risk assessment High Raising
productivity by
2%.
Risk register
derivates
Effective risk
management
techniques

Performance High Increasing
turnover by 7%.
WBS and Gantt
chart
Supervision
techniques.
Table 4; Monitoring and controlling
Conclusion
From the analysis of the above project management plan, it can be concluded that such
activities play a vital role in enhancing the growth of the business firm. Under its derivates, it can
be said that through performing several project management types of research managers of a
corporate firm can derive competitive advantage in business market operations. Also following
various standards of project management in which stakeholder analysis was being performed key
decisions can be formulated in regards to achieving business success.

References
Books and Journals
Au-Yong-Oliveira, M. and Costa, C. eds., 2021, June. ECRM 2021 20th European Conference
on Research Methods in Business and Management. Academic Conferences
International Limited.
Gordon, P. and Hadley, J., 2018. Extending Primary Care: Polyclinics, Resource Centres,
Hospital-at-home. CRC Press.
Haggard, L. and Bosma, E., 2018. Hospital care at home. In Extending primary care (pp. 79-98).
CRC Press.
Hall, K., Needham, C. and Allen, K., 2019. Micro entrepreneurship in the care sector: motives,
values and practices. Voluntary Sector Review, 10(3), pp.311-328.
Hough, D.E., 2020. 1 What Is Behavioral Economics—and Why Should We Care?.
In Irrationality in Health Care (pp. 1-24). Stanford University Press.
Lim, J.Y., Kim, J. and Kim, S., 2021. The effects of the Start-Up NurseS program on nursing
students using management strategy simulation. Nurse Education Today, p.105020.
Mavindidze, E., van Niekerk, L. and Cloete, L., 2021. Inter-sectoral work practice in Zimbabwe:
Professional competencies required by occupational therapists to facilitate work
participation of persons with disabilities. Scandinavian journal of occupational
therapy, 28(7), pp.520-530.
Muntean, S.C., 2021. 20 Contextualizing the Experiences of Women Entrepreneurs and
Comparative Responses to Challenges during a Global Pandemic. Women and Global
Entrepreneurship: Contextualising Everyday Experiences.
Pakroo, P., 2018. The small business start-up kit: A step-by-step legal guide. Nolo.
Teixeira-Poit, S.M., 2020. Examining collaboration across organizations in an age-friendly
community. Journal of women & aging, 32(1), pp.91-113.
Weaven, S., Quach, S., Thaichon, P., Frazer, L., Billot, K. and Grace, D., 2021. Surviving an
economic downturn: Dynamic capabilities of SMEs. Journal of Business Research, 128,
pp.109-123.