Target Store Development: A Business Case with Project Plan

This report presents a business case for developing Target stores in the UK, addressing the failures of Target's previous expansion into Canada. It outlines project objectives, including establishing a reliable supply chain and meeting customer expectations, while acknowledging constraints such as time, budget, and scope. The report includes a stakeholder analysis, Gantt chart, and identifies potential project risks like budget limitations and skill deficiencies. A communication plan is detailed to ensure effective information flow. Success and failure factors are discussed, emphasizing the importance of proper time estimation, budget management, and overall project management. The report concludes with considerations for future operations, highlighting the need for effective supply chain development and accurate assumptions. The bibliography lists relevant sources on project management practices.

Development of Target Store
Prepared by:
Supervised by:

Business Case
 The paper mainly focuses on the development of a retail store
named “Target” in Canada.
 It is found that the Canadian families came across USA to grab
their shopping in one of the famous retailer known as “Target”.
 The business of the retailer does not flourish due to the reasons
which includes
 Failure to live up with the expectations of the customers,
 Lack of analysis about the current market situation,
 Failure to create proper supply chain system as well as
 Due to inappropriate risk management within the organization.

Project objectives
To develop the retail store
To establish reliable supply chain
To meet the expectations of the Canadian customers

Project Constraints
The constraints of the project are listed below:
• Time: The project managers must be able to finish
the development of the Target stores in Canada within
the expected deadline that is around 167 days.
• Budget: The budget that is approved for the project is
around $123,560 and the entire project must be
completed within that budget.
• Scope: The project manager need to progress with the
project as per the scope because any type of change
within the project scope can cause lot of issues and
challenges.

Stakeholder analysis
Stakeholder Power Interest
Project manager High High
Project planner High High
Human resource manager Low High
Project team Low Low
Quality analyst Low High
Risk manager Low High
Operation manager High High
Financial manager Low Low

Stakeholder analysis Contd.

Gantt chart

Project risks
The risks that are associated with the projects are as
follows:
 Lack of budget creates financial challenges in
completing the project.
 Due to insufficient time, the project managers
can face lot of problems in finishing the entire
project within the estimated time
 It is identified that because of insufficient skills,
the managers faces difficulty in completing the
project.

Communication plan
Communication Type Purpose Frequency Vehicle Responsible person
Kick off meeting The main purpose of the
meeting is to discuss
about the aim and
objectives of the project.
Once Face to face Project manager
Project team meeting Project team meeting is
mainly arranged in order
to discuss about the
budget that is needed
Weekly Face to face, Conference Financial manager

Possible success/failures factors for
the project
The success or failure factors for the project are listed
below:
 The project managers must estimate the time for
the project properly in order to avoid failures.
 The project will be successful if the project
manager will be able to finished within the budget
that is expected.
 Proper management is needed within the project
in order to finish the entire project successfully.

Considerations concerning future
operations
The considerations for future operations are listed below:
 Proper management: Proper management is generally needed in order to finish the
entire project within the time and budget that is estimated.
 Development of important supply chain: Proper supply chain development is generally
needed within the project in order to manage the expectations of the customers.
 Proper assumptions: Proper assumptions are required to be made in order to develop the
Target store successfully.

Bibliography
Alias, Z., Zawawi, E.M.A., Yusof, K. and Aris, N.M., 2014. Determining critical
success factors of project management practice: A conceptual framework. Procedia-
Social and Behavioral Sciences, 153, pp.61-69.
Batselier, J. and Vanhoucke, M., 2015. Evaluation of deterministic state-of-the-art
forecasting approaches for project duration based on earned value
management. International Journal of Project Management, 33(7), pp.1588-1596.
Binder, J., 2016. Global project management: communication, collaboration and
management across borders. Routledge.
Braglia, M. and Frosolini, M., 2014. An integrated approach to implement project
management information systems within the extended enterprise. International Journal
of Project Management, 32(1), pp.18-29.