This paper discusses the development of Target Store in Canada, the best approach for the project, project objectives, performance measurement, stakeholder analysis, project constraints, risks, and possible success or failure factors.
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Development of Target Store
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Introduction to the case οThe paper mainly reflects on one of the retailer named βTargetβ. οIn the month of March 2013, the retailer expanded and reached to a peak of around 133 stores in more than one and half year. οHowever, the business of the retailer in Canada suffered and this is mainly due to some of the reasons including οIn order to resolve the issue, the organization wanted to develop the target store by developing the supply chain.
Project approaches The different approaches of the project are generally compared below: οCritical chain:. οTraditional project management οExtreme project management οEvent chain methodology οProcess based management
Best approach for the project οIt is found that process based management is found as one of the best approach for the developing the Target store. οThis is mainly because with the help of this approach, the project managers will be capable of breaking the activities of the project into smaller tasks οThis further helps in enhancing flexibility as well as adaptations of the projects for various types of unforeseen developments.
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Project objectives The project objectives are listed below: οTo live up to the expectations of the Canadian customers. οTo undertake proper stakeholder as well as situational analysis οTo establish supply chain for the retailer
Performance measurement/Management of quality Quality itemVerification YesNo Does the expectations as well as needs of the project are met? -------No Doestheprojectundertakeappropriate situationalanalysisaswellasstakeholder analysis ------No Does a proper supply chain is developed for the project? Yes------ Does the progress of the project is analyzed after the completion of each phase? Yes-------
Project constraints The project constraints are as follows: οTime:The project must be completed within the time period of 157 days οBudget:The project must be finished within the budget that is around $101,040.00 οScope:The project must follow the scope so that the project for development of the target store
Project risks The risks that are associated with the project are as follows: οInsufficient budget οUnskilled employees οSchedule slippage: οImproper analysis of project situation
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Possible success or failure factors The possible failure or success factors that are associated with the project are mainly elaborated below: ο΅Effective management ο΅Time ο΅Cost
References Contd. οMartens, M.L. and Carvalho, M.M., 2017. Key factors of sustainability in project management context: A survey exploring the project managers' perspective.International Journal of Project Management,35(6), pp.1084-1102. οPollack, J. and Adler, D., 2015. Emergent trends and passing fads in project management research: A scientometric analysis of changes in the field.International Journal of Project Management,33(1), pp.236-248. οSanchez, M.A., 2015. Integrating sustainability issues into project management.Journal of Cleaner Production,96, pp.319-330.
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