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Project Management Assignment : Retail business

   

Added on  2021-04-17

25 Pages4449 Words91 Views
Leadership Management
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Running head: PROJECT MANAGEMENT Project name: Starting a retail business in CambodiaName of the StudentName of the UniversityAuthor’s Note
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1PROJECT MANAGEMENTExecutive Summary The paper mainly focuses on a project development plan for starting a retail business inCambodia. The retail business will be located in the area of Phnom Penh as it is highlylocated. The main aim of the business is to provide proper quality of goods as well as servicesat an affordable price. The new business that is initiated generally requires 6 month with thebudget of around $153,240 in order to complete the project successfully. It is identified thatthe paper reflects on the performance goals of the organization and it is found that if theannual revenue for next five years would be around $110,000 to $198,000, then theperformance of the company is would be considered successful. In addition to this,communication plans as well as risk management plan are also elaborated in this paper inorder to minimize project related issues.
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2PROJECT MANAGEMENTTable of Contents1. Industry/company background, mission statement as well as key performance indicator....31.1 Background......................................................................................................................31.2 Mission statement.............................................................................................................31.3 Key performance indicator...............................................................................................32. Establish performance goals..................................................................................................42.1 Establish performance goals............................................................................................42.2 Evaluation point for the new business implementation and for next five years ofoperation.................................................................................................................................53. Outline the project process and evaluate projects..................................................................74. Personnel................................................................................................................................85. Plan basic resource allocation..............................................................................................106. Project budget.......................................................................................................................116.1 Project budget for the new business...............................................................................116.2 Project budget for annual operations for five years.......................................................127. Project purpose breakdown..................................................................................................148. Communication plan............................................................................................................159. Work breakdown Structure..................................................................................................1810. Project schedule.................................................................................................................1810.1 Schedule.......................................................................................................................1810.2 Gantt chart....................................................................................................................21
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3PROJECT MANAGEMENT10.3 Milestone......................................................................................................................2211. Risk management plan.......................................................................................................2212. Design and prepare closure evaluation reports..................................................................2413. Supporting research in the form of annotated bibliography...............................................2414. Final deliverable outline.....................................................................................................25Bibliography.............................................................................................................................26
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4PROJECT MANAGEMENT1. Industry/company background, mission statement as well as keyperformance indicator1.1 BackgroundThe paper mainly focuses on a development plan for starting a new retail business inCambodia. It is identified that the retail business will be started in Phnom Penh, Cambodia asPhnom Penh is one of the most populated areas in Cambodia. The retail business mainly aimsto provide proper quality products at a reasonable price to the customers. 1.2 Mission statementThe mission statement for the new business is to save the money of the people so thatthey can be able to live better.1.3 Key performance indicator The key performance indicator for the newly started retail business is illustratedbelow:Profit: Profit is considered as one of the most important performance indicator. Inorder to analyze the performance of the organization, it is very much necessary to calculatenet profit margin so that the success of the organization can be easily measured.Customer satisfaction: If the customers of the retail business will be happy then theywill use the service of the organization. Therefore, in order to measure the performance of thebusiness it is very much necessary to measure CSR including percentage of customers as wellas satisfaction scores.
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5PROJECT MANAGEMENTNumber of loyal customers: The number of loyal customers also measures theperformance of the retail business, the organization have. If the organization is able to gainhigh number of customers they the performance of the business can be analyzed quite easily.Cost of goods sold: By properly tallying all the production cost for the entire productthat the company sells will be helpful in getting an idea about the mark-up of the product andactual cost margin.2. Establish performance goals2.1 Establish performance goals The performance goals of the retail business are provided below: Encouraging initiative: It is very much important to seek proper ways in order toassume responsibilities beyond the job description so that the organization operations will beperformed well.Improving communication: It is very much important to anticipate what themanagers of the project want to know for providing proper information. It is identified thatproper communication is very much important for the success of the organization,Boosting customer service: The customer service of the organization must bediscovered from time to time in order to identify the challenges that are associated withcustomer service.Nurture diversity: It is very much important to appreciate the unique skills,perspectives as well as experience that are bought by each of the member of the organizationfor nurturing diversity.
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