This presentation provides an overview of project planning for expanding a business in Kennington market. It covers the six phases of the project, the procedures involved in each phase, and the tools used for project management. The critical path and project duration are also discussed.
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PROJECT PLANNING
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Project Phases While expanding the firm in Kennington market different number of stages as well as phases are taken into account by the manager. Further, basically six phases are involved and used in the present study which are as follows: Strategy Preparation Design Testing Launch Closure
Project Procedures ActivityName of activityPredecessorsDuration of activity completion (In days) Expanding the business in Kennington215 days Strategy Phase15 days AIdentify market for expansion-7 BBuild specific goalA5 CFrame strategies to achieve goalsB3 Preparation Phase44 days DAssess market situationsB, C9 EAnalyse secondary dataD11 FMarket researchE16 GAnalyse demand of the product in market where business is expanding F8
CONTD.... ActivityName of activityPredecessorsDuration of activity completion (In days) Design Phase40 days HChosen particular product for expansionF, G10 IDesign layoutH14 JDesigning of the goods and servicesI16 Testing Phase21 days KProvide sample product in proposed marketJ9 LTake review from sample usersI, J, K4 MMake modifications in product if neededL8
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CONTD.... ActivityName of activityPredecessorsDuration of activity completion (In days) Launch Phase52 days NEnter in Kennington marketM13 OUse social media or digital marketingN17 PAttract people of Kennington marketO19 QStart selling of the products and servicesO, P3 Closure Phase43 days RTake feedback and suggestions from users of Kennington marketQ22 SApply advises in the businessR9 TPrepare correctionsR, S12
Project Planning Tools When the company expands business in another market like Kennington, then the project manager uses different kinds of the tools and methods. Under the project management generally three techniques are adopted which shows clear path of the firm’s expansion. Along with this, such tools are helpful for reducing the overall project duration. Further, scheduling methods are like network diagram, Gantt chart and Critical path which are shown below:
Network Diagram
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Critical Path Those activities which are critic in network diagram, necessary for adopting and go through while expanding business in other market. Apart from this, the project manager can avoid non-critic tasks from the project planning by which total duration reduces to a greater extent. In short, the way which shows that which activities are mandatory to adopt and which can be avoid is known as critical path. In order to expand small business in Kennington market, the respective path and time duration of the project is mentioned as below: Critical path:1+2+4+5+6+8+9+10+12+13+14+15+17+18+20 Project duration:7+5+9+11+16+10+14+16+4+8+13+17+3+22+12 = 167 days.
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REFERENCES Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Hwang, B. G. and Ng, W. J., 2013. Project management knowledge and skills for green construction:Overcomingchallenges.InternationalJournalofProject Management. 31(2). pp. 272-284. Young, T. L., 2013.Successful project management. Kogan Page Publishers.