Strategic Project Plan: Relocating The Little Thai Restaurant

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This project plan details the relocation strategy for "The Little Thai Restaurant," focusing on its move from Hampstead to Kennington. The plan encompasses a comprehensive overview including the introduction, scope, necessity for relocation, project scheduling, development of reasons, risk and benefit analysis, implementation of plans, site identification, responsibility allocation, actions, contingency planning, and a SMART analysis. The project outlines project phases, risk management, environmental considerations, and potential reasons for failure. The relocation aims to capitalize on Kennington's business opportunities, increase customer traffic, and improve the restaurant's competitive edge. The plan emphasizes strategic planning, preparation, design, testing, and launching phases to ensure a smooth transition and sustainable business growth.
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RUNNING HEAD: PROJECT PLANNING 1
Project Planning
Relocation Plan for “The Little Thai restaurant”
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Contents
Introduction......................................................................................................................................3
Scope................................................................................................................................................3
Necessity for Relocation and Expansion.........................................................................................4
Project Scheduling plan...................................................................................................................4
Development of Reasons for the purpose of Relocation.................................................................4
Reviewing and comparing potential risks and benefits...................................................................5
Implementing comprehensive plans and expenses..........................................................................5
Areas identified for Relocation Business........................................................................................5
Allocating responsibility for managing Relocation.........................................................................5
Actions for comprehensive plans for Relocations...........................................................................6
Contingency plan.............................................................................................................................6
SMART Analysis.............................................................................................................................6
Specific............................................................................................................................................6
Measurable.......................................................................................................................................7
Achievable.......................................................................................................................................7
Realistic...........................................................................................................................................7
Timely..............................................................................................................................................7
Project Phases and process..............................................................................................................8
Project schedule...............................................................................................................................8
Risk management and assessment...................................................................................................9
Environmental sustainability and citizenship..................................................................................9
Reasons behind project failure.........................................................................................................9
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Relocation Plan for “The Little Thai Restaurant” 3
Conclusion.....................................................................................................................................10
References......................................................................................................................................10
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Relocation Plan for “The Little Thai Restaurant” 4
Introduction
This project plan depicts the overall process from preparation to the execution of a plan. The
primary purpose of the project is to form assumptions and to facilitate decision making. The
purpose is to add innovation in order to gain higher degree of return. Small entrepreneur wants to
gain competitiveness by putting innovative ideas. Relocation of a business is a complicated
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Relocation Plan for “The Little Thai Restaurant” 5
process includes multiple steps before finalization. This is to facilitate long-term sustainability in
a business. Clarity regarding the emerging segment in the market is vital for allocating the
resources appropriately. The Little Thai Restaurant is an eat-in, take-away and home delivery
restaurant located in 85b Fleet Rd, Hampstead, London NW3 2QY. The place is famous for its
exquisite Thai Cuisines. The Restaurant provides with Traditional Thai flavours that differentiate
it from rest of the local restaurants. The restaurant is run efficiently by the managers and the
other key members. The restaurant is planning to relocate its operations from Hampstead to
Kennington (The Little Thai.2017).
Scope
The purpose of this report is to analyse the project plan related to the expansion and relocation of
the restaurant. A proper plan is necessary to initiate the purpose of project planning and
expansion. The majority of operations need to be carried in a systematic way by generating link
in between organizational operations. The Little Thai Restaurant needs to plan an effective
relocation plan. The purpose of this report is to manage the restaurant gain the competencies for
dealing with the existing issues. In order to manage the operations it is vital to create an
appropriate planning. In this way it will be easy to manage the overall process of relocation in
order to gain competency.
Necessity for Relocation and Expansion
The purpose of Relocation in the current situation is to gain growth. The prospective location is
projected to give a better return as compared to the current location. Kennington will help in
meeting definite customer’s requirement. As of now, there are growing opportunities in
Kennington Area. By generating a possible relocation plan the restaurant can gain competency to
work in a better way. The reason behind relocation of restaurant is to gain revenue. There are
changes in the restaurant business and expansion plan. To compete against the competitors, it is
important to develop diversified business strategies. These strategies will help in maintaining
business effectiveness. Overall purpose of the business relocation and expansion plan is to
operate business with minimum cost.
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Relocation Plan for “The Little Thai Restaurant” 6
Project Scheduling plan
In order to relocate the business, firstly it is important to develop a relocation plan to gain a
necessary insight into the ongoing business opportunity. The overall purpose is to relocate the
restaurant for increasing the customer traffic and improve various opportunities for gaining
competitiveness. In the recent scenario, there is some dispute among the staff members due to
which the employee turnover has increased (Peppard and Ward, 2016). The overall purpose is to
gain efficiency by relocating the restaurant to a better place and by arranging distinguishes
opportunities. In gaining market competencies it is important to develop an effective business
conditions. This will allow them in gaining effectiveness in a better way. The purpose is to gain
better opportunities and to plan systematically in order to run business successfully at other place
(Lechner and Gudmundsson, 2014).
Development of Reasons for the purpose of Relocation
Firstly, it is important for a business organization to design the purpose behind the relocation.
One necessary purpose of creating a relocation plan is to gain a competitive advantage. It is one
of the primary focuses of the restaurant owners. Thai Restaurants are acknowledged widely by
the local population. Kennington is a business hub and crowded with people belonging to
different ethnic group. By opening a restaurant at the site, it will create better opportunities. After
discussing the pros and cons, it is decided that the restaurant will gain growth (Street and
Cameron, 2007).
Reviewing and comparing potential risks and benefits
The next step is to review the potential risk associated with the business. Business may fail due
to selection of a wrong place. There are possibilities that the business might fail due to excessive
expenditure. It is evident in the current scenario to jot down the potential risk associated with the
relocation. There can be disturbances due to creation of principal to delivery troubles. The key
resources associated with a business are loss of key human resources. They want to relocate .
The primary focus of an effective relocation plan is to minimize the risk associated with
relocation plan. In this way it is possible for the business organization to look for different
opportunities associated with the relocation of business (Burns, 2010).
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Relocation Plan for “The Little Thai Restaurant” 7
Implementing comprehensive plans and expenses
It is evident to gain the competitive advantage pertaining to the business by making estimation
regarding the business proposal. In the current business context it is necessary to make
estimation regarding the services associated. By managing the comprehensive plan, the
restaurant can gain competitive advantage over other. It is important for a business organization
to maintain a record of all the policies that are important for gaining effectiveness. This is only
possible if the business organization jot down the estimated expenses related to a particular job.
This is an important process that helps in budgeting (Storey, 2016).
Areas identified for Relocation Business
In the current situation, the business is planned to be relocated to Kennington due to availability
to resources. For the purpose of relocation and business expansion, it is evident to prepare an
outline of prospective properties. The new property should meet all the requisite of a business
location. Simultaneously, it is important to inform the customers about the relocation of the
business. This will help the business organization in gaining growth (Bridge and O'Neill, 2012).
Allocating responsibility for managing Relocation
Allocation of responsibilities is important for a business organization in order to manage the job
properly. For managing the business in a better way, each and every individual should be
designated with roles and responsibilities to carry on the business. Plan pertaining to the
expenses need to be made in advance so that the business can take requisite steps for managing
the future operations. In the initial month of relocation, it is advised to keep the loyal employees.
Old employees understand the way in which business is done. This is the time when every
individual in the team can show calibre to lead. Responsibilities should be allocated to meet the
target (Jenkins, 2009).
Actions for comprehensive plans for Relocations
Final step is to carry out the action as per the directed plan. Each and every employee has a
responsibility to carry out the business in a desired manner. Relocation is not an overnight
activity. It takes months to develop an effective relocation plan. Then only a business can be
relocated. For a business it is suggested to appoint an authority who looks after the process of
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Relocation Plan for “The Little Thai Restaurant” 8
relocation. This will help in easy documentation process. Each and everything regarding the
process should be maintained in the books. For gaining advantage it is necessary to arrange
proper survive to schedule disentanglement and fitting services (Greenhalgh, 2008).
Contingency plan
Lastly, a contingency plan needs to be developed in case of failure of the plan. This plan will
allow in continuing the overall process in a significant way. The process can be managed by
developing a backup plan. The plan will allow in carrying out the business activity in an
effective way. The efficiency of the relocation plan can be used in a better way. In this manner
one can aim to gain sustainable results through development of effectiveness (Trevino and
Nelson, 2016).
SMART Analysis
Specific
The overall purpose behind relocation is to take an advantage of the location. There are ample of
opportunities available for a business organization to expand. The goals regarding the relocation
need to be made in accuracy with the project plan. This project plan will take about 6-8 months
to establish the utility. Project management is important for a business organization in dealing
with the situation. By developing a concrete goal oriented plan, it is possible for the business
organization to deal with the contingencies (Kaisler et al 2013.
Measurable
The purpose of the existing relocation plan is to achieve a growth of 8-10 percent in the initial
year. There will be an increase in the flow of customers in the Kennington area. People are more
inclined towards trying new cuisine. The restaurant is based on exquisite Thai flavours. It is
expected that the restaurant will see an increase in the number of customers as compared to its
previous location (Suzuki and Okamuro, 2015).
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Relocation Plan for “The Little Thai Restaurant” 9
Achievable
The target of the organization is to understand the local needs. In this way the business can earn
pre-decided targets. The overall purpose of a business is to make changes and to expand the
current capacity. There are plans regarding the expansion of business by measuring the
achievable targets. By specifying the targets directly, will help the business organization in
dealing with the contingencies. It is important for a business enterprise to understand the ongoing
needs as specified. This will allow business in managing an appropriate record in order to gain
results.
Realistic
The goals need to be realistic in nature. Unrealistic goals hamper the growth of the business. In
order to attain appropriate goals, The Asian cuisine is most liked in UK. By developing an
effective business opportunities, it will be easy for a business organization to meet the targets.
The goals should be certain and placed properly in relation with the business. The overall
purpose is set to meet the targets in order to achieve the purpose of relocation.
Timely
A project without any time-boundation happens to fail. For gaining a strong base in the direction
of relocation and expansion, it is important for a business enterprise to measure the related
opportunities. By setting the targets in advance, a business can gain a competitive advantage over
other business. Competitive advantage can only be gained if an individual develops an effective
business policies in advanced. These business policies allow the organization in achieving timely
targets.
Project Phases and process
Strategy: The first phase of a project is to develop a strategy. It is vital for a business
organization to make important requisitions pertaining to a business. This will allow the business
organization in meeting with the available opportunities. In a competitive business environment,
it is suggested to develop an effective business strategy and to work accordingly (Schaper, et al
2014).
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Relocation Plan for “The Little Thai Restaurant” 10
Preparation: The strategy will be implemented in the initial week. By deploying employees
towards the target will allow in gaining a competitive advantage.
Design: The overall purpose is to frame a design an appropriate business set up in order to gain
objectives. It is important to design a strategic plan in order to manage results.
Testing: It is suggested to run a pilot project to understand the viability. By developing a plan in
a proper way an organization can gain competiveness. The prices related to the business need to
be checked in order to guarantee growth (Goss, 2015).
Launching: It is a stage at which the project is been launch. In the initial launching time-period
of a business, it is important to develop the plan in order to manage the sustainable objectives.
Closure: It is the final stage of the project where the plan is finally implemented. The purpose of
the plan is to measure the objectives in order to gain objectives (Barber, Metcalfe and Porteous,
2016).
Project schedule
The project schedule is developed by estimating the appropriate planning process. A plan from
starting to the end of the project is important to gain objectives. From beginning to the end, the
overall purpose of the plan is to create a purpose to gain an effective deal. The overall purpose is
to gain efficiency by relocating the restaurant to a better place and by arranging distinguishes
opportunities. In gaining market competencies it is important to develop an effective business
conditions
Risk management and assessment
RISK FACTORS SEVERITY LIKELIHOOD OVERALL
IMPACT
High Mediu
m
low Frequent Probable Low
Start-up cost Medium
Loss of
customers
low
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Cost related to
business
interruption
High
Difficulties in
staff recruitment
Low
(By Author)
Environmental sustainability and citizenship
The purpose of environment sustainability is to gain the competitiveness and to attain advantage
over the other business. For a business it is important to gain advantage over the other business.
As of now, there are growing opportunities in Kennington Area. By generating a possible
relocation plan the restaurant can gain competency to work in a better way. Environmental
sustainability is an important concept for the business in order to gain desirable growth. It is
evident for the business to develop comprehensive goals and to work accordingly.
Reasons behind project failure
The main reasons behind the project failure are as follows:
One of the major reasons behind the business failure is due to the Poor Planning process
There should be an adequate Documentation and Tracking process
Ineffective leadership
The failure caused due to imbalance in between the desired goals and establishment
(Hanks, 2015)
Conclusion
To conclude, it is the purpose of a business organization to draw proper parameters in order to
meet the targets. The popular operations need to be carried in a systematic way by generating
link in between organizational operations. The Little Thai Restaurant needs to plan an effective
relocation plan. The purpose of this report is to manage the restaurant gain the competencies for
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Relocation Plan for “The Little Thai Restaurant” 12
dealing with the existing issues. It is important for a business to derive proper business process in
order to gain appropriateness.
References
Barber, J., Metcalfe, S. and Porteous, M. eds., 2016. Barriers to growth in small firms.
Routledge.
Bridge, S. and O'Neill, K., 2012. Understanding enterprise: entrepreneurship and small
business. Palgrave Macmillan.
Burns, P., 2010. Entrepreneurship and Small Business: Start-up. Growth and Maturity. Palgrave
Macmillan.
Goss, D., 2015. Small Business and Society (Routledge Revivals). Routledge.
Greenhalgh, P., 2008. An examination of business occupier relocation decision making:
distinguishing small and large firm behaviour. Journal of Property Research, 25(2), pp.107-126.
Hanks, S.H., 2015. The organization life cycle: Integrating content and process. Journal of Small
Business Strategy, 1(1), pp.1-12.
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