Project Management- Business Case Company

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

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PROJECT MANAGEMENT
Table of Contents
Part 1:...............................................................................................................................................2
1.1 Business case company..........................................................................................................2
1.2 Key findings from project management topic.......................................................................2
1.2.1 Rationale for exhibiting..................................................................................................2
1.2.2 Project plan milestones...................................................................................................3
1.2.3 Potential return on investment........................................................................................4
1.2.4 Project plan and budget..................................................................................................6
1.2.5 Gantt chart of plan........................................................................................................10
1.2.6 Work breakdown structure...........................................................................................11
1.3 Conclusion...........................................................................................................................11
Bibliography..................................................................................................................................13

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Part 1:
1.1 Business case company
The organization “Vero Solutions” that is situated in Milton Keynes, UK is engaged in
giving a number of hardware as well as software solutions for automation of logistics as well as
warehouse. The higher management of the organization wants to generate new clients as well as
proper networking with the various suppliers by reflecting the latest innovations that the
company utilizes. Therefore, the company wants to attend London technology as well as the
trade show. With the help of the show, the organization can be able to showcase how the
organization is using technology in order to automating the warehouse and logistic department.
1.2 Key findings from project management topic
1.2.1 Rationale for exhibiting
The organization “Vero solutions” wants to get involved within the London Technology
and AI trade show in order to get an opportunity so that the business can be able to showcase
their latest innovation including the tracking system. This is generally needed for generating new
clients as well as for creating proper network with the different suppliers. It is found that for
organizing the tradeshow a proper venue is selected and proper space for the trade show is
purchased. I addition to this, basic requirements including desks, chairs, electrical equipment and
other additional requirements are purchased. The total time that is needed for involving within
the tradeshow will be around 6 months.

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1.2.2 Project plan milestones
The project milestones for each of the phase of the project with proper completion date is
mainly reflected with the help of the figure which is provided below:
Figure 1: Project plan showing milestones
(Source: Created by Author)

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1.2.3 Potential return on investment
The London technology as well as the trade show on AI which was attended by Vero
Solutions is found to be very much beneficial as well as feasible for the organization. It is found
that the organization does not get proper opportunity to showcase their innovations for attracting
clients but can also create proper connection with the suppliers. Additionally, the ROI of the
project is 1.89 that reflects that the project is economically feasible and it will not create any type
of financial challenges for the organization.
Project Cost-Benefit Analysis
Analysis
Variables:
Discount
Rate Used 5.00%
Annual
Benefits
£
1,80,0
00.00
Annual
Operational
Costs
£
33,000
.00
One-Time
Development
Cost
£
1,26,1
60.00
Year of

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Project
0 1 2 3 4 5
TOTAL
S
Economic
Benefit £0.00
£
1,80,000.
00
£
1,80,000
.00
£
1,80,00
0.00
£
1,80,000.
00
£
1,80,00
0.00
Discount
Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835
PV of
Benefits £0.00
£1,71,42
8.57
£1,63,26
5.31
£1,55,4
90.77
£1,48,086
.45
£1,41,0
34.71
NPV of all
BENEFITS £0.00
£
1,71,428.
57
£
3,34,693
.88
£
4,90,18
4.65
£
6,38,271.
09
£
7,79,30
5.80
£
7,79,30
5.80
One-Time
COSTS
£
(1,26,16
0.00)
Recurring
Costs £0.00
£
(33,000.
00)
£
(33,000.
00)
£
(33,000
.00)
£
(33,000.0
0)
£
(33,000
.00)

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Discount
Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835
PV of
Recurring
Costs £0.00
£
(31,428.
57)
£
(29,931.
97)
£
(28,506
.64)
£
(27,149.1
8)
£
(25,856
.36)
NPV of all
COSTS
£
(1,26,16
0.00)
£
(1,57,58
8.57)
£
(1,87,52
0.54)
£
(2,16,0
27.18)
£
(2,43,176
.37)
£
(2,69,0
32.73)
£
(2,69,03
2.73)
Overall NPV
£
5,10,27
3.07
Overall ROI
1.8967
1.2.4 Project plan and budget
The trade show will be organized before August last week that is around 6 months of
time by using budget of around £126,160.00. The below table reflects cost as well as time span
needed for each of the activities of project.
WBS Task Name Duration Start Finish Resource Names Cost
0 Organizing
London
6 mons Tue
17-03-
Mon
31-08-
£126,160.00

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PROJECT MANAGEMENT
technology and AI
Trade Show by
Vero Solutions
20 20
1 Initiation phase 1 mon
Tue
17-03-
20
Mon
13-04-
20
£7,120.00
1.1 Business case
development 4 days
Tue
17-03-
20
Fri 20-
03-20 Project manager £1,600.00
1.2 Cost benefit
analysis 5 days
Mon
23-03-
20
Fri 27-
03-20 Finance manager £1,800.00
1.3 Project charter
development 5 days
Mon
30-03-
20
Fri 03-
04-20 Project planner £1,800.00
1.4 Hiring project
stakeholders 6 days
Mon
06-04-
20
Mon
13-04-
20
Human resource
manager £1,920.00
1.5
Milestone 1:
Completion of
initiation phase
0 days
Mon
13-04-
20
Mon
13-04-
20
£0.00
2 Planning phase 1.35 mons
Tue
14-04-
20
Wed
20-05-
20
£11,560.00
2.1 Development
of project plan 6 days
Tue
14-04-
20
Tue 21-
04-20 Project manager £2,400.00
2.2 Resource plan
development 8 days
Wed
22-04-
20
Fri 01-
05-20
Human resource
manager £2,560.00

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2.3 Financial plan
development 7 days
Mon
04-05-
20
Tue 12-
05-20 Finance manager £2,520.00
2.4 Risk
management plan 6 days
Wed
13-05-
20
Wed
20-05-
20
Human resource
manager, Project
planner
£4,080.00
2.5
Milestone 2:
Completion of
planning phase
0 days
Wed
20-05-
20
Wed
20-05-
20
£0.00
3 Execution phase 3.3 mons
Thu
21-05-
20
Thu 20-
08-20 £104,880.00
3.1 Setting
objectives 8 days
Thu
21-05-
20
Mon
01-06-
20
Project planner, Venue
cost [1] £37,880.00
3.2
Calculating
exhibiting costs as
well as setting
budget
7 days
Tue
02-06-
20
Wed
10-06-
20
Finance manager,
Decoration cost [1] £24,520.00
3.3 Researching 6 days
Thu
11-06-
20
Thu 18-
06-20
Organizer, Project
manager, Organizing
cost [1]
£24,320.00
3.4
Selecting theme
and finalizing
design
8 days Fri 19-
06-20
Tue 30-
06-20 Designer, Decorator £5,760.00
3.5
Decoration and
developing
technology
12 days
Wed
01-07-
20
Thu 16-
07-20 Decorator £4,320.00
3.6 Arranging staff
and hospitality
9 days Fri 17-
07-20
Wed
29-07-
Human resource
manager
£2,880.00

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20
3.7
Market about
upcoming
participation
7 days
Thu
30-07-
20
Fri 07-
08-20 Marketing manager £2,240.00
3.8 Inviting special
guests 7 days
Mon
10-08-
20
Tue 18-
08-20
Human resource
manager £2,240.00
3.9
Arranging
London technology
and AI trade show
2 days
Wed
19-08-
20
Thu 20-
08-20 IT manager £720.00
3.10
Milestone 3:
Completion of
execution phase
0 days
Thu
20-08-
20
Thu 20-
08-20 £0.00
4 Close out phase 0.35 mons Fri 21-
08-20
Mon
31-08-
20
£2,600.00
4.1 Post project
review 3 days Fri 21-
08-20
Tue 25-
08-20 Project planner £1,080.00
4.2 Stakeholder
sign off 1 day
Wed
26-08-
20
Wed
26-08-
20
Project manager £400.00
4.3 Documentation 2 days
Thu
27-08-
20
Fri 28-
08-20 Project manager £800.00
4.4 Releasing
resources 1 day
Mon
31-08-
20
Mon
31-08-
20
Human resource
manager £320.00
4.5
Milestone 4:
Completion of
closeout phases
0 days
Mon
31-08-
20
Mon
31-08-
20
£0.00

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1.2.5 Gantt chart of plan
The Gantt chart that is prepared is quite beneficial in scheduling the activities and it
further determines that the project requires time of around 6 months in order to organize the
tradeshow.
Figure 2: Gantt chart
(Source: Created by Author)

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PROJECT MANAGEMENT
1.2.6 Work breakdown structure
Figure 3: Work breakdown structure
(Source: Created by Author)
1.3 Conclusion
It can be concluded that London technology and AI trade show will be helpful in
showcasing the innovations that are utilized by Vero solutions for automating its automation as
well as logistics. This has further attracted a number of clients and helped the business in
developing proper relations with the suppliers of the organization. Furthermore, it is learnt from
the entire paper that proper management of time is quite critical for achieving success within the
project. In addition to this, proper collaboration and communication between the project team is
necessary for sharing, ideas, thoughts as well as knowledge related with the project so that the

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entire project can be executed as per the provided guidance. Moreover, proper planning is also
important for achieving success within the project as proper planning helps in setting the time
and budget for each of the project activities and generally helps in assigning resources within the
activities for achieving success.

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Bibliography
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