Project Management: Development of Target Store

This document provides a comprehensive project plan for the development of a Target store, including literature review, project objectives, performance management, stakeholder analysis, project activities and schedule, resources and budget, constraints and risks.

Running head: PROJECT MANAGEMENT
Project: Development of target Store
Name of the Student
Name of the University
Author’s note

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Table of Contents
Part B: Business case and project plan............................................................................................2
B.1 Literature Review..................................................................................................................2
B.2 Introduction to the case.........................................................................................................4
B.3 Project objectives..................................................................................................................4
B.4 Performance management/management of quality...............................................................5
B.5 Stakeholder analysis..............................................................................................................5
B.6 Project activities and schedule..............................................................................................6
B.7 Resources that are needed including the project budget.......................................................9
B.8 Constraints and risks...........................................................................................................10
B.8.2 Risks.............................................................................................................................10
B.9 Project communication.......................................................................................................12
B.10 Possible success and failure factors for the project...........................................................13
B.11Considerations for future operations..................................................................................14
Bibliography..................................................................................................................................15

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Part B: Business case and project plan
B.1 Literature Review
According to Conforto et al. (2014), project management is mainly considered as one of
the technique that is utilized for initiating, planning, executing as well as controlling the project
work for achieving the project objectives so that the success criteria of the project can be met
within the specified time of the project. The entire procedure of controlling as well as directing
the project starting from the initiation phase to the closure phase of the project are generally
listed below:
Initiation phase: It is stated by Binder (2016) that initiation phase is the phase in which
the work of the project starts. It is identified that in this particular phase, proper research is
mainly conducted on the feasibility of the project for checking whether the project is feasible or
not. Moreover, the team members associated with the project are also recruited in this phase.
Planning phase: On the other hand, it is opined by Kerzner (2017) that planning phase is
one of the important project phase that helps in playing a significant role in developing
appropriate roadmap for the team members of the project. In this particular phase proper goal for
the project is set and the scope of the project is elaborated for executing the project as per the
assumption.
Execution phase: This is the phase in which all the project deliverables are executed
successfully. The various types of project tasks that are mainly completed in this project phase
mainly includes proper development of the project team, assigning resources as well as proper
execution of the project management plan (Binder 2016).

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Closure phase: This is considered as the last phase of the project where the progress as
well as performance of the entire project is analyzed successfully. It is identified as one of the
longest sequence of project activities which are generally constrained properly because of the
presence of the resources that are generally need for the project work.
There are a number of approaches that are generally helpful in properly managing the
project. It is found that the different between the different approaches of project management are
generally illustrated below:
Traditional project management: It is stated by Drouin, Sankaran and Muller (2016),
with the help of traditional project management, the entire project is mainly divided into number
of different types of phases that mainly includes planning, initiation, monitoring, execution,
control as well as closure of the project. It is found that as the simplest approach that generally
utilizes waterfall model.
Critical chain: According to Mir and Pinnington (2014), the approach of critical chain is
helpful in using number of resources effectively during the project execution phase. It is
identified as one of the important sequence activities that are generally constrained because of
the presence of project resources.
PRINCE2: It is stated by Joslin and Muller (2015) that PRINCE2 is considered as the
present version of project that is one of the important approach in the controlled environment of
project. It is mainly elaborated as one of the approach that helps in categorizing the project into
number of stages that must be monitored properly in order to make sure that the entire work of
the project gets completed within the assumed budget as well as time.

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Extreme project management: When extreme project management is compared with the
traditional approach then it is considered as one of the open approach that is mainly utilized
when the project is uncertain.
Process based management: It is approach of the approach that has very much structured
rigid way that is mainly utilized for enhancing the adaptations as well as flexibilities in various
unforeseen conditions of the project (Martens and Carvalho 2017).
Process based management is considered as the most suitable approach for developing
the Target store. The main reason of selecting this approach is that with the help of this
approach, the project managers can be able to break the project activities into smaller tasks that
assists in increasing the project adaptations as well as flexibilities for different types of
unforeseen developments within the project.
B.2 Introduction to the case
The paper focuses on the retailer “Target” in USA. The people of Canada were
influenced by the lower price strategy of the retailer and they cross over USA in order to grab
shopping as per e choice. The organization wants to expand its business after reaching a certain
level of maturity. It is found that in the month of 2013, the business of the retailer is expanded
and it is found that it reached to a peak of 133 stores in less than 2 years of time. However, it is
found that the business of the organization suffered in Canada due to number of reasons
including expectations of the customers, improper quality as well as due to inappropriate analysis
of the situation and due to adoption of improper risk management based strategies. Fir resolving
the problems, the organization wanted to engage in the development of target stored with the
development of supply chain.

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B.3 Project objectives
The objectives of the project are reflected below:
 To live up the various needs as well as expectations of the customers of Canada
 To conduct situational analysis as well as stakeholder management
 To establish the supply chain for the utilization of retailers
B.4 Performance management/management of quality
Quality management or performance management can generally be considered as one of
the procedure that generally helps in properly analyzing, collecting as well as reporting various
types of information that are related with the quality of the project (Pollack and Adler 2015).
Furthermore, the quality management for the target store development is reflected in the table
below:
Quality item Verification
Yes No
Does the project
expectations are met?
------- No
Does appropriate situational
analysis is undertaken in
project?
------ No
Does the supply chain for
the project is developed?
Yes ------

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B.5 Stakeholder analysis
Stakeholder analysis is considered as one of the process that generally helps in assessing
the project stakeholders in order to analyze the requirements of the project. The stakeholders
who are associated with the development of target store is generally analyzed on the basis of
interest and power of the stakeholders (Drouin, Sankaran and Muller 2016).
Stakeholder Power Interest
Human resource manager High Low
Project manager High High
Project planner High High
Risk manager High Low
Project team Low High
Financial manager Low High
Quality analyst Low High
B.6 Project activities and schedule
The schedule of the project that is provided in the table below reflects on the project
activities, project milestones as well as initiation and completion date of the project.
WBS Task Name Duration Start Finish
0 Development of Target Store 154 days Mon 25-03-19 Thu 24-10-19
1 Project initiation phase 8 days Mon 25-03-19 Wed 03-04-19

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1.1 Development of business case 2 days Mon 25-03-19 Tue 26-03-19
1.2 Studying project feasibility 2 days Wed 27-03-19 Thu 28-03-19
1.3 Project charter establishment 1 day Fri 29-03-19 Fri 29-03-19
1.4 Appointment of project team 3 days Mon 01-04-19 Wed 03-04-19
1.5
Milestone 1: Completion of
initiation phase
0 days Wed 03-04-19 Wed 03-04-19
2 Project planning phase 12 days Thu 04-04-19 Fri 19-04-19
2.1 Developing project plan 2 days Thu 04-04-19 Fri 05-04-19
2.2 Developing resource plan 1 day Mon 08-04-19 Mon 08-04-19
2.3 Development of financial plan 3 days Tue 09-04-19 Thu 11-04-19
2.4 Development of quality plan 2 days Fri 12-04-19 Mon 15-04-19
2.5
Creation of risk management
plan
3 days Tue 16-04-19 Thu 18-04-19
2.6
Development of
communication plan
1 day Fri 19-04-19 Fri 19-04-19
2.7
Milestone 2: Completion of
planning phase
0 days Fri 19-04-19 Fri 19-04-19
3 Project execution phase' 126 days Mon 22-04-19 Mon 14-10-19
3.1 Meeting the customers’ needs 13 days Mon 22-04-19 Wed 08-05-19
3.2
Creating changes in strategy
of pricing
22 days Thu 09-05-19 Fri 07-06-19

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3.3 Situational analysis 18 days Mon 10-06-19 Wed 03-07-19
3.4
Analysis of project
stakeholder
14 days Thu 04-07-19 Tue 23-07-19
3.5
Developing of project
stakeholders
17 days Wed 24-07-19 Thu 15-08-19
3.6 Maintaining quality issues 17 days Fri 16-08-19 Mon 09-09-19
3.7 Project risk management 12 days Tue 10-09-19 Wed 25-09-19
3.8
Expansion of proper
assumption
13 days Thu 26-09-19 Mon 14-10-19
3.9
Milestone 3:Completion of
execution phase of the project
0 days Mon 14-10-19 Mon 14-10-19
4 Project closure phase 8 days Tue 15-10-19 Thu 24-10-19
4.1 Post project review 5 days Tue 15-10-19 Mon 21-10-19
4.2 Documentation 2 days Tue 22-10-19 Wed 23-10-19
4.3
Sign off by project
stakeholders
1 day Thu 24-10-19 Thu 24-10-19
4.4
Milestone 4:Completion of
project closure phase
0 days Thu 24-10-19 Thu 24-10-19

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B.7 Resources that are needed including the project budget
Figure 1: Resources and project budget
(Source: Created by Author)

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B.8 Constraints and risks
B.8.1 Constraints
The constraints of the project are listed below:
 Scope: It is quite necessary to follow the scope of the project otherwise the project will
face number of problems in completing the work of the project on time.
 Time: It is necessary to complete the development of target store within the budget
101,040.00, otherwise the project will face number of issues and challenges in the
project.
 Budget: It is necessary to complete the project within $101,040.00, otherwise the project
will face financial issues and challenges.
B.8.2 Risks
The risks that can occur while developing the target store is generally reflected in the
table below with proper risk mitigation strategies.
Risks Description Impact Probability Responsible Mitigation
Insufficient
project budget
If the budget
that is
allocated for
the project is
not enough
then it can
create a
number of
High High Financial
manager
If the project
budget is
properly
tracked then
it can avoid
financial
challenges.

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financial
challenges.
Inexperienced
team members
If the project
team
members are
not
experienced
then it can
raise number
issues within
the project.
Medium High HR manager Proper
training
facility will
be helpful for
the team
members of
the project.
Slippage of
schedule
If the
schedule of
the project is
not tracked
then the
chances of
project delay
is quite high.
High High Project
manager
Slippage of
schedule an
be avoided
by keeping
track on the
project
schedule.
Inappropriate
situation
analysis
If the
situation of
the project is
not analyzed
High Medium Researcher If situation
analysis is
not
undertaken

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then it can
create
number of
problems in
the project.
properly ten
it can cause
number of
challenges in
the project.
B.9 Project communication
Communication
type
Person
involved
Purpose Frequency Vehicle Responsible
Progress
meeting
Project
manager
The main
purpose of
the project
leaders to
reflect the
status of the
project.
Weekly Face to face,
Conference
Project leaders
Monthly
meeting
Sponsor The financial
manager
keeps track
on the
budget and
reflect the
report to the
sponsor
Monthly Face to face,
Conference
Financial
manager

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Kick off meeting Project
team
The project
manager
reflects on
the project
goals and
objectives so
that they can
gain
knowledge
about it.
Once Face to face
Conference
Project
manager
B.10 Possible success and failure factors for the project
The various types of possible success as well as failure factors that are generally
associated with the project are mainly reflected below:
Effective management: If the entire project gets completed properly by fulling the
project goals and expectations then the entire project can be considered successful otherwise the
project will generally face number of issues in achieving success.
Cost: Cost management is considered as one of the important factor and if the cost that is
associated with the project is effectively managed then the entire project will be considered
successful.
Time: The project is considered to be successful if the work of the project gets completed
as per the assumed time.

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B.11Considerations for future operations
The different types of operations that will be considered for the future projects are
generally elaborated below:
Development of supply chain: Appropriate supply chain development is generally
needed so that the project needs as well as expectations can be met.
Effective project management: It is very much necessary to manage the project properly
by tracking the schedule so that the entire project can be completed on time.

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