This presentation provides an overview of project management for opening a coffee shop, including the process, scope, time, resources, budget, and potential risks. It also includes a Gantt chart and recommendations for success.
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Project management
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PROJECT MANAGEMENT It is based on the process of initiating, planning, controlling, executing the task through different team members. In order to achieve significant goal and objective. In another way, it can be defined the beginning and end in time, therefore identifying scope, resources of entire project. The primary challenge of project management is to achieve their business objective with the help of give constraints. Generally, information is mainly described the overall project documentation which will create the beginning of development process. The constraint may include time, resources, budget and quality. In another way, it will be optimised the allocation of essential input, output them to meet its pre-defined tasks.
DESCRIPTION OF PROJECT The project is related to open new coffee shop with different areas. The coffee shop is seeking for start-up funding amount to thousand dollar to purchase equipment’s, fixtures and furniture’s. It is based on café which become new enterprise so as require to explore their product and service in global marketplace. Before creating project, it should require to identify the accurate project scope which means to dedicate towards working on dynamic team and other technical characteristics.
SCOPE OF PROJECT To open the coffee shop that will require to operate business within different areas. The primary aim of project is to provide high quality of coffee, breakfast and lunch within reasonable prices. It will be operating under 1900 square foot commercial building. The starting price/ cost find is 20,000 dollars of which 30% percent of amount is available. The coffee shop space is partitioned but it is not completely furnished. In order utilise all service within minimum price. With fund that are available and transform the space into comfortable coffee shop.
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TIME To complete the overall coffee shop project successfully which require to follows the different tasks, activities on the basis of project demand. Otherwise, it will increase the more and more which directly associated with extended time. As per estimation, it will be scheduled the time for project which will complete within 1-Month. It can be represented in the detailed time for each task and activity.
GANTT CHART It is based on the graphical tool which mainly shows different tasks, activities that performed against time. Sometimes, it is also known as visual presentation of project where activities can be divided into different format. In this way, it become easier to understand and interpret. Generally, it will be down the activities which required to be done within fixed time intervals. On the chat, task are shown on vertical axis while schedule time-spend is laid out on the horizontal axis.
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RESOURCES In order to manage the coffee shop project that require the essential resources for performing different task. It will be identified the external resources which needs to contract for interior design of premises. It should be consider physical equipment’s, computer system, retail space, supply needs and workforce. For the business, it will need custom facilities which specialised with multiple equipment, employees. Projectmanagerplayimportantroleformaintainingallessentialresourcesfor completing step by step task in proper manner. It will be possible when project manager use strategic innovative idea to change their policies, procedures. Thus, it is beneficial for project development to identify significant risks and eliminate with strategic plan.
BUDGET The coffee shop will maintain healthy cash flow position which are sufficiently for repaying and funding for future development. Initially, it will require to assume the current cash balance for project creation in this way, project manager can consider Euro 50, 000 balance.
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CONT. One yearSecond yearThird year Cashreceived from sales 180000260000400000 Spendingcash within project 40000100000130000 Paymentfor bills 60000800001,600,000 Total2800004400002760000
POTENTIAL RISKS AND FAILURES In order to categorise the risk during business planning which one look at how they directly impact on the enterprise. Many risk cause negligible effects to the business operation of coffee shop. These effects can be ignored whereas continue functioning in proper manner. But it will be identified the critical risk that call for business in order to measure and implemented for success of project development. The project manager will be concerned about the negative risk such as business performance, investor relations, poor join venture management, lack of strategic direction. These are considered as potential risk which causes of failure in project creation.
CONT. Risk manager is responsible for taking up the different roles: Topreparethebetterriskmanagementdocumentationwhichconsistsofdifferent information or data related overall project. In order to make strategic plan that always support for identifying risk. Furthermore, it will be implemented the solution for different risk which might come in the initial process of coffee shop project creation.
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LIMITATION OF PROJECT Furthermore, it also examined the lower feasibility of coffee shop business which considerations of different factor such as demand and supply chain, competitors, standard pricing system of industry. Due to limitation of resource and time, it will be faced the major issue or problem where project manager does not fulfil requirement of client. Another limitation is that when it will identify the complex strategic policies where team member not understand the task in step by step. So as need to follow simple process and communicate with team members by project manager.
JUSTIFICATION AND RECOMMENDATION As per discussion, project manager has justified that identified the preference of customer to adapt the best quality of services in term of taste, value and quantity. Every competitors in market has shown their own theme which always attracted more consumer. Especially for young generation those are always going for coffee shop with friends. In this way, project manager calculate the overall budget and invest 2-3% of theme. It will be selecting an attractive theme which always inspire or motivate more customers.
REFERENCES Gualtieri, A., 2019.Analysis of project managment practices in the start-up stage of a company(Doctoral dissertation, Politecnico di Torino). Mladenova, T., 2019, May. A project managment system for time planning and resources allocation. In2019 42nd International Convention on Information and Communication Technology, Electronics and Microelectronics (MIPRO)(pp. 1299-1303). IEEE.
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