Project Proposal Executive Summary 2022

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Running head: PROJECT PROPOSAL
Project proposal
Name of the Student
Name of the University
Author’s Note
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PROJECT PROPOSAL
Executive summary
The paper mainly reflects on the development of online food ordering and development app.
The main aim of the project is to improve their profiles by undertaking projects which can be
managed with the help of PRINCE2 methodology. The project of app development that is
undertaken will not only provide proper services but also increase job opportunities in norther
territory. Moreover, this project will also be helpful in improving the brand image of the
organization by improving their profile. It is identified that the entire paper analyzes the
project with the help of weighted scoring model and SWOT analysis. Additionally, the paper
also presents the required schedule and budget for accomplishing the project. Furthermore,
the risks that are linked with the project are also elaborated.
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PROJECT PROPOSAL
Table of Contents
1. Overview................................................................................................................................4
1.1 Purpose or objectives of the proposal..............................................................................4
1.2 Best ways for measuring the success of the project.........................................................5
2. Expected benefits and dis-benefits.........................................................................................6
2.1 Context and analysis........................................................................................................6
2.2 Expected benefits and dis-benefits...................................................................................8
3. Project requirements.............................................................................................................11
3.1 Description of the requirement that is required for carrying out the project.................11
3.2 Possible assumption for the project................................................................................12
3.3 Description of the constraint..........................................................................................12
4. Costs.....................................................................................................................................13
4.1 Estimation of the cost that is needed for the project......................................................13
4.2 Ways of estimating project costs....................................................................................14
5. Major risks...........................................................................................................................14
5.1 Five risks and opportunities...........................................................................................14
5.2 Identification of the ways for managing the risks..........................................................16
6. Timescales............................................................................................................................17
6.1 Duration for finishing the project...................................................................................17
6.2 Listing and description of the major milestones............................................................18
7. Conclusion............................................................................................................................18
Bibliography.............................................................................................................................19
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PROJECT PROPOSAL
1. Overview
1.1 Purpose or objectives of the proposal
Problem which will be solved in the project
The paper mainly reflects on the “development of online food ordering and
delivering platform in northern territory”. It is found that presently there is no food delivery
app which will be used by the people of northern territory for ordering foods from the nearby
restaurants and as a result the people of northern territory do not have the transparency to
contact the restaurants for home delivery. This is one of the major issues in the era of
smartphone technology. As the organization has recently adopted PRINCE2 and wants to
undertake projects up to $50,000 in order to increase their profile and for gaining brand
recognition thus they decided to undertake the project of online food delivery app
development.
In-scope and out scope
In-scope
Designing the prototype for the app
Gathering proper details for the project
Coding
Validating the code
Development of database
Adding features like selecting menu, ordering and add to cart
Adding feature of payment
Testing of the system
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PROJECT PROPOSAL
Completing the entire project within the estimated time and budget
Out-scope
Details about the training service are not added within the project
Information about the project documentation is not provided in detail
Description of the used methodology
It is found that the food ordering and delivering app will be developed by using
PRINCE2 project methodology. It is found that this particular methodology is recognized as
important as it generally helps in dividing the entire project into a number of stages so that it
can be managed easily (Karaman and Kurt 2015). It is found that it further helps in improving
communication with the various project team members and helps in giving the stakeholder
proper chance for making appropriate decision within the entire project. Additionally, it helps
in controlling the plan of the project by reviewing the entire project regularly.
On the other hand, it is found that agile PM methodology can also be used within the
project. It is found that there are a number of advantages of using agile methodology
including higher satisfaction of the customers, increased control on the project and further it
helps in reducing the risk of the project (Patwardhan et al. 2016). In spite of the advantages, it
is found that there are a number of issues which can occur due to use of agile and they are
less predictability, more time and lack of proper documentation. In addition to this, one of the
major issues is that the project cannot be tracked properly.
1.2 Best ways for measuring the success of the project
There are a number of criteria that helps in suggesting that the entire project has
achieved success and those are elaborated below:
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PROJECT PROPOSAL
Accomplishing objectives: If the people of northern territory can be able to order
food through the app that is developed and are getting timely delivery of the food then it can
be analyzed that the project has achieved success.
Timely completion: If the entire work of the project gets completed within the
estimated budget and time then it can be sure that the project has achieved success.
2. Expected benefits and dis-benefits
2.1 Context and analysis
Explanation of corporate social responsibility and reason behind raising the profile
According to Grayson and Hodges (2017), CSR or corporate social responsibility is
considered as one of the concept that helps in suggesting the responsibility towards various
corporations that operate within the society for contributing towards social, economic as well
as different types of environmental development which creates positive impact on the society.
It is found that the organization have recently adopted PRINCE2 methodology for
effectively managing different types of project. There are a number of policies, resources as
well as templates which are yet been developed but the organization wants to raise its profile
by undertaking a number of projects that are under the budget $50,000. As the people of
northern territory faces challenges in ordering food therefore the organization wants to
undertake the development of app project. It is found that this project not only helps in
delivering food at a faster rate to the people but also assists in increasing job communities of
northern territory. The youths will get the job of delivery boy which can be one of the major
advantages of undertaking this project.
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PROJECT PROPOSAL
SWOT analysis for balancing understanding
The SWOT analysis that is mainly undertaken in order to analyze the strengths,
weaknesses, threats as well as opportunities of the new project are provided in the below
table:
Strengths
People can order fresh food from their
home
Customers can be able to visit a number
of restaurants from the app (Phadermrod,
Crowder and Wills 2019).
Weaknesses
Price discrepancies can make the
customers happy which further can
affect profit that is earned
Misrepresented brand can negatively
affect profit
Opportunities
Job opportunities can get increased in the
area of northern territory
Can gain competitive advantage in the
market
Threats
Slow upgrades and patching can be a
threat
Physical or security breaches can
cause data issue (Bull et al. 2016).
Weighted scoring analysis
Weighted scoring prioritization mainly utilizes different types of numerical scoring
for providing rank to the different strategic initiatives against different types of benefits as
well as categories of cost (Yarwood et al. 2015). This can also be considered as one of the
frameworks that is mainly designed for properly prioritizing the features as well as other
types of initiatives. The weighted scoring model is mainly used for analyzing the project
criteria that helps in reflecting the project success. In order to reflect the success criteria with
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PROJECT PROPOSAL
the help of this model, proper comparison with other alternative project of ERP development
is done.
Criteria Weightage Score for food
delivery app
Score for ERP
development
Risk 20% 50 60
Objective
accomplishment
20% 70 65
Success 20% 90 90
Value 20% 87 80
Difficulty 20% 75 70
Weighted score 74.4 73
Reason for developing the idea
It is found that food ordering and delivering app is mainly developed so that the
people of northern territory can be able to order food from their home without facing any type
of issue and can be able to get the food at their door. In addition to this, with the help of the
app, the customers can be able to visit a number of restaurants and can order food as per their
need. The app that will be developed not only helps in delivering food at a faster rate but also
assists in increasing job opportunities in the area of northern territory.
2.2 Expected benefits and dis-benefits
It is found that by undertaking this specific project, the organization can be able to
raise their profile by making the organization competitive. With the help of corporate social
responsibility, the organization will be able to boost their brands and further assists in
creating stronger bond between the employees. In addition to this, by undertaking this
project, the organization not only able to improve its profile but also helps in providing
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PROJECT PROPOSAL
proper services of food ordering and delivery. In addition to this, the job opportunities that
will be created is also considered as one of the major benefits of the project. Moreover, the
cost benefit analysis that is done below helps in reflecting that the undertaken project in
financially feasible.
Project
Cost-Benefit
Analysis
Analysis
Variables:
Discount
Rate Used 5.00%
Annual
Benefits
$
1,00,00
0.00
Annual
Operational
Costs
$
30,000.
00
One-Time
Developmen
t Cost
$
50,000.
00
Year of
Project
0 1 2 3 4 5 TOT
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PROJECT PROPOSAL
ALS
Economic
Benefit $0.00
$
1,00,00
0.00
$
1,00,000
.00
$
1,00,00
0.00
$
1,00,0
00.00
$
1,00,00
0.00
Discount
Rate
1.000
0 0.9524 0.9070 0.8638 0.8227 0.7835
PV of
Benefits $0.00
$95,23
8.10
$90,702.
95
$86,38
3.76
$82,27
0.25
$78,35
2.62
NPV of all
BENEFITS $0.00
$
95,238.
10
$
1,85,941
.04
$
2,72,32
4.80
$
3,54,5
95.05
$
4,32,94
7.67
$
4,32,9
47.67
One-Time
COSTS
$
(50,0
00.00
)
Recurring
Costs $0.00
$
(30,000
.00)
$
(30,000.
00)
$
(30,00
0.00)
$
(30,00
0.00)
$
(30,000
.00)
Discount
Rate
1.000
0 0.9524 0.9070 0.8638 0.8227 0.7835
PV of $0.00 $ $ $ $ $
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PROJECT PROPOSAL
Recurring
Costs
(28,571
.43)
(27,210.
88)
(25,91
5.13)
(24,68
1.07)
(23,505
.78)
NPV of all
COSTS
$
(50,0
00.00
)
$
(78,571
.43)
$
(1,05,78
2.31)
$
(1,31,6
97.44)
$
(1,56,3
78.52)
$
(1,79,8
84.30)
$(1,79
,884.3
0)
Overall
NPV
$
2,53,0
63.37
Overall ROI
1.406
8
3. Project requirements
3.1 Description of the requirement that is required for carrying out the project
The various requirements which are generally needed for successfully carrying out
the entire work of the project are elaborated below:
Financial resource: In order to develop the food ordering and delivery app, the
assumed budget that will be required will be around $50,000.
Human resource: The food ordering and delivery app will be developed with the
help of the stakeholders that are listed below:
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PROJECT PROPOSAL
Project manager
Project planner
Financial manager
HR manager
IT manager
Coder
Application manager
Database administrator
Tester
Additional requirements: The other requirements which are required for the
development of the app mainly include hardware, software, interface and more.
3.2 Possible assumption for the project
It is assumed that with the help of the app, the residents of northern community will
get the opportunity of proper food ordering and delivery.
In the project, the budget gets managed successfully and thus it is assumed that the
entire app development can be done within the budget $50,000.
3.3 Description of the constraint
Budget: If the development of food ordering and delivery app does not get finished
within $50,000 then a number of financial issues can occur within the project.
Time: Execution of the entire project within the assumed budget and time is
necessary otherwise the project will face schedule slippage that further can cause delay
within the project.
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PROJECT PROPOSAL
Scope: Using the scope as per the project plan is important for proper execution of the
project within the assumed budget and time and if it is not done then the problem of scope
creep can occur.
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PROJECT PROPOSAL
4. Costs
4.1 Estimation of the cost that is needed for the project
The figure which is provided below helps in suggesting that the food ordering and
delivery app will be completed within the time-period of 105 days.
Figure 1: Cost of the project
(Source: Created by Author)
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PROJECT PROPOSAL
4.2 Ways of estimating project costs
There are a number of ways with the help of which the budget of the project can be
estimated. However, in this project bottom up estimation method is utilized. With the help of
this estimation method, the work is estimated at lowest possible level on detail and then the
estimated are generally aggregated for arriving at the summary totals.
5. Major risks
5.1 Five risks and opportunities
ID Risk Category Description Impact Severity
1 Schedule
slippage
Risk Slippage of
project
schedule occur
due to
improper
tracking of
project
schedule.
High High
2 Budget
shortfall
Risk If the project
budget is not
managed then
it can cause
budget
shortfall
High High
3 Scope change Opportunit
y
Scope change
occur for
Medium Medium
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PROJECT PROPOSAL
adding online
chat support
facility in the
app
4 Inexperienced
team member
Risk Improper team
members are
unable to
manage the
project and as
result they
face a number
of issues in
project
execution.
Medium Medium
5 Improper
testing
Risk If testing is
not conducted
properly then
the project
team can face
a lot of issues
while
operating the
app.
High High
5.2 Identification of the ways for managing the risks
Risk Approach for risk Strategies of risk
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PROJECT PROPOSAL
management management
Schedule slippage Mitigate The schedule slippage can
be mitigated by focussing on
the duration that is given for
execution of the project task
and finishing the work
within that time.
Budget shortfall Mitigate The budget shortfall issue
can be mitigated by
managing the other
expenditure of the project
Scope change Accept The scope change must be
accepted as will bring
positive change within the
organization.
Inexperienced team member Avoid By providing proper facility
of training, the issue can be
avoided.
Improper testing Avoid After undertaking proper
testing after the project
development phase, the
issue can be mitigated.
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PROJECT PROPOSAL
6. Timescales
6.1 Duration for finishing the project
The app development project will get finished within the time period of 105 days. The
detailed schedule is provided below:
Figure 2: Timeline
(Source: Created by Author)
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PROJECT PROPOSAL
6.2 Listing and description of the major milestones
Milestone Completion date
Milestone 1: Completion of planning phase of the project Thu 19-09-19
Milestone 2: Completion of web application design Tue 29-10-19
Milestone 3: Completion of project coding Wed 27-11-19
Milestone 4: Completion of the app development Tue 10-12-19
Milestone 5: Completion of user experience feature Tue 07-01-20
Milestone 6: Completion of project closure Fri 17-01-20
7. Conclusion
It can be concluded from the entire paper that development of food ordering and
delivery app will be beneficial for the people of norther territory as they would get proper
online food delivery service at their doorstep. In addition to this, it is found that this project
will increase proper job opportunity. The paper analyzes the entire project with the help of
SWIT analysis as well as weighted scoring mode. As per the developed schedule, it is
analyzed that the project gets accomplished within 105 days of time. Moreover, the risks
which are linked with the project are elaborated with proper ways for successfully mitigating
the risks.
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PROJECT PROPOSAL
Bibliography
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PROJECT PROPOSAL
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