Project Management for Fundraising Event by AIBI International
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This article discusses the project management plan for a fundraising event organized by AIBI International for Singapore Women's Association. It includes details on project scope, objectives, deliverables, milestones, technical requirements, cost estimation, and more.
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Running head: PROJECT MANAGEMENT Project name: A fundraising event by AIBI International for a charity organization named “Singapore women’s Association” Name of the Student Name of the University Author’s note
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2 PROJECT MANAGEMENT Introduction 1.1 Background of the company The project mainly focuses on a fundraising event by AIBI International for a charity organization named “Singapore women’s Association”. It is identified that AIBI international Pvt Ltd is one of the international company that generally operates in health industry. It generally helps in producing as well as distributing various types of health, beauty as well as fitness products like Elliptical trainers, Treadmills as well as Inversion Machines (AIBI Fitness, 2018).The company wants to organize a fundraising event for the Singapore Women’s Association, which is one of the non-profit welfare organizations that mainly aim to provide proper quality of life to the underprivileged people. 1.2 Project description The organization “AIBI International” arranges a fundraising event for Singapore Women’s Association, which is a non-profit welfare organization. AIBI international wants to engage in the fundraising event in order to help the underprivileged people. It is identified thatlikeeveryyear,theorganizationarrangestheeventoffundraisingsothatthe underprivileged people can lead proper quality of life. Before the initiation of the event, the company “AIBI International” selects audiences and estimate budget for the project. After then a proposal is generally sent to Women’s Association in order to get their help in the event. It is identified that the estimated budget for the project as per the bottom up approach is around $32,744.00.It is found that on the event day, representatives from different organization provide some funds to the non-profit women’s welfare organization so that the underprivileged can lead a quality life.
3 PROJECT MANAGEMENT 2. Project scope statement Project scope statement is defined as one of the useful tool that helps in outlining the project’s deliverables in order to identify the assumptions as well as constraints of the project (Kerzner & Kerzner, 2017).It is found that before the initiation of the project, it is very much important for the project manager as well as project stakeholders to agree on the project scope statement. 2.1 Project objectives The objectives of the project are as follows: To raise proper amount of funds in order to help the charity organization To get attention of the Singapore media for establishing reputation for the charity organization To complete the entire event within 90 days To deliver proper quality service within the budget of around $14,900.00 2.2 Deliverables The deliverables include: Selection of proper hall for event that can accommodate 300 people minimum Designing invitations as well as flyers for the event Providing the parking facility for the people who will involve in fundraising Collection of funds for Singapore Women’s Association 2.3 Milestones The milestones of the project are provided in the table below:
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4 PROJECT MANAGEMENT Milestone 1 (Planning phase completion):The planning phase will be completed by 5/8/18. After the completion phase, a documentation is provided that contain information about the initial stage of the project. Milestone 2 (Execution phase completion):The execution phase will be completed by6/6/18andafterthecompletionofthisphase,properdocumentsontheproject requirements are that are needed for organizing the event are provided. Milestone 3 (Completion of final phase):The final phase will be completed by 7/17/18 and after the completion of this proper documentation is created on the project for future use. 2.4 Technical requirements The technical requirements, which are mainly needed, include: Permission is needed in order to organize the event of fundraising Arrangement of proper fire extinguishers for the safety of the people who are present in the event Arranging parking spaces for the audiences who will mainly involve in the event 2.5 Limits and exclusions The limits and exclusions of the event are provided below: The time limit that is set for serving food is limited Less number of air-conditioners are present Only limited number of audiences are invited for the event As the selected venue, accommodates is for only 300 people, some of the participants does not feel comfortable with the selected venue.
5 PROJECT MANAGEMENT 2.6 Review The review that was collected includes: Review 1: Participant (John Watson):The event that was organized by AIBI international focuses on helping underprivileged people, which is quite appreciable. Review 2: Contributor (Abrahm Quershi):The work of fundraising that was arranged by the AIBI international is quite appreciable and I am happy to contribute for enhancing the quality of life for the underprivileged people. 2.7 Project sponsorship The fund raising event for Singapore women’s Association is mainly sponsored by other well-known organizations of Singapore. The organization that have provided funds so that the entire event can took place include the following: Names of organizationAmount Singapore press holding$7,000 Singapore Children’s Society$5,000 AssembliesofGodCommunityServices Society $2,000 3. Project priorities Project prioritization is one of the structured as well as consistent processes that mainly aim to analyze the present operational environment of the project by considering the three parameters of the project, which are scope, schedule as well as cost (Kerzner &
6 PROJECT MANAGEMENT Kerzner, 2017).It is identified that setting project priorities enables the project team for determining which of the three parameters are generally important. The project priorities generallyhelpsinsupportingprojectscopeplanning,constraintmanagement,plan optimization as well as decision making. 3.1 Project priority matrix TimeScopeCostRemarks ConstrainThe quality of the event must not be compromised. EnhanceTheproject managersare instructedto competethe project on time. AcceptInorderto completedthe project on time, if projectbudget increases then it is acceptable.
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7 PROJECT MANAGEMENT 3.2 Matrix Justification The project priority matrix that was created is for the fundraising event for Singapore Women’s Association. It is identified that for collecting funds, the project manager is mainly advised to take every advantage of the opportunity that is present in order to reduce the project completion time. However, by doing so, if the budget of the project enhances then it is acceptable but not desirable. In addition to this, the quality of the project must not be compromised. 4. Work breakdown structure A work breakdown structure is defined as one of the key project deliverable that mainly organizes the work of the team into number of manageable sections. As per PMBOK, the WBS is mainly considered as a deliverable oriented decomposition of the hierarchy that is mainly executed by the project team (Fitzpatrick, 2016).It is identified that the WBS mainly helps in elaborating the scope of the project into number of manageable chunks, which can be understood by the project team. The project team mainly creates the WBS by determining the various functional deliverables into number of small systems as well as subsystems. It is found that WBS are quite advantageous as it generally assists in organizing as well as defining the entire work of the project.
8 PROJECT MANAGEMENT 4.1 WBS diagram Figure 1: WBS (Source: Created by Author) Description of Work packages In the above figure of WBS, project-planning phase is the deliverable of the project that mainly consists of number of work packages such as selection of project venue, approval from project government, identification of audience, selling ticket, decorating the event as well as getting sponsorship for the project. Similarly, the second deliverable, which is the execution phase, also consists of work packages that are set for event, lightning as well as audio facility, rental project equipment as well as arranging for parking facility. Additionally, the third deliverable of the project that is the food and beverage facility mainly comprises of work packages like menu selection, food preparation as well as project sign off.
9 PROJECT MANAGEMENT 5. Cost estimation Cost estimation is considered as a key that helps in delivering a solid project plan. It generally utilizes number of techniques that helps in translating the scope of the project into deliverables for developing an approximation of cost that is needed in order to complete the project successfully (Aksenov et al., 2015).It is identified that there are number of techniques of cost estimation. According toIsard(2015),top down approachmainly starts with the identification of major aspects of the project and it generally needs a history as well as proper knowledge in project pricing in order to estimate the budget accurately. However,bottom up approachis one of the techniques of cost estimation in which the project managers mainly tally the cost the project upwards, starting from the initial point and accounting for each of the expected cost of the project (Zhang et al., 2014). 5.1 Cost estimation table It is identified that in order to estimate the cost for the fund raising event, bottom up approach is mainly utilized. This approach is mainly utilized for its accuracy as reining costs as well as keeping to the estimated budget is one of the main objectives of the project. By utilizing the bottom up approach is estimated that the budget that is needed in order to complete the fund raising event is around $14,900.00. ItemsCost Cost for printing tickets$700 Cost for decorations$2,500 Cost related with lighting as well as audio visual facility$1,500 Cost for rental project equipment$2,000 Venue cost$2,000
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10 PROJECT MANAGEMENT Rent for car parking area$1,500 Cost related with event promotion$2,500 Cost related with food and beverage$1,500 Additional maintenance cost$700 Total cost/ budget$14,900 5.2 Time phased Budget March 25, 2018 April 8, 2018 April 22, 2018 May 6, 2018 May 20, 2018 June 3, 2018 June 17, 2018 July 1, 2018 July 15, 2018 July 29, 2018 $0.00 $2,000.00 $4,000.00 $6,000.00 $8,000.00 $10,000.00 $12,000.00 $14,000.00 $16,000.00 Time-phase budget Cumulative Cost Figure 2: Time phase Budget (Source: Created by Author) 5.3 Disbursement table WeekDescriptionAmountCumulative Week 1Venue booking$1000$1000 Week 2Venue booking$1000$2000
11 PROJECT MANAGEMENT Week 3Ticket printing$700$2700 Week 4Decoration$1000$3700 Week 5Decoration$1000$4700 Week 6Decoration$500$5200 Week 7Providing lightning as well as audio visual facility $700$5900 Week 8Providing lightning as well as audio visual facility $800$6700 Week 9Rental project equipment$1000$7700 Week 10Rental project equipment$1000$8700 Week 11Event promotions$500$9200 Week 12Event promotions$1000$10,200 Week 13Event promotions$1000$11,200 Week 14Cost for food and beverages$1000$12,200 Week 15Cost for food and beverages$500$12,700 Week 16Cost for car parking facility$1000$13,700 Week 17Cost for car parking facility$500$14,200 Week 18Maintenance$700$14,900 Total budget$14,900
12 PROJECT MANAGEMENT
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13 PROJECT MANAGEMENT References Aksenov, V. V., Walter, A. V., Gordeyev, A. A., & Kosovets, A. V. (2015). Classification of geokhod units and systems based on product cost analysis and estimation for a prototypemodelproduction.InIOPConferenceSeries:MaterialsScienceand Engineering(Vol. 91, No. 1, p. 012088). IOP Publishing. Fitzpatrick, B. J. (2016).Determining the Optimal Work Breakdown Structure for Defense Acquisition Contracts. Air Force Institute of Technology WPAFB United States. Isard, W., Azis, I. J., Drennan, M. P., Miller, R. E., Saltzman, S., & Thorbecke, E. (2017).Methods of interregional and regional analysis. Taylor & Francis. Kerzner, H., & Kerzner, H. R. (2017).Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Singapore Fitness Equipment | Home Gym Singapore – AIBI Fitness. (2018).Aibifitness.com. Retrieved 28 March 2018, from http://www.aibifitness.com/ Tichavska, M., & Tovar, B. (2015). Port-city exhaust emission model: An application to cruise and ferry operations in Las Palmas Port.Transportation Research Part A: Policy and Practice,78, 347-360. Zhang, X., Yang, L. T., Liu, C., & Chen, J. (2014). A scalable two-phase top-down specialization approach for data anonymization using mapreduce on cloud.IEEE Transactions on Parallel and Distributed Systems,25(2), 363-373.