Project Planning Report: Vero Solutions London Trade Show Project

This report analyzes a project management plan for "Vero Solutions", an IT company specializing in warehouse automation and logistics, aiming to showcase its innovations at the London Technology and Trade Show. The report details the business case, key findings, project plan milestones, and potential return on investment (ROI) of 0.2086. It includes a comprehensive project plan with a budget of $300,000 over six months, a Gantt chart for scheduling, and a work breakdown structure (WBS) for task management. The project involves various phases, from initiation and planning to execution and closure, with detailed timelines, resource allocation, and cost breakdowns for each task. The report concludes that the project is feasible and beneficial, offering the company opportunities to attract customers and suppliers.

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

1
PROJECT MANAGEMENT
Table of Contents
1. Business case of the company....................................................................................................2
2. Key findings from project management topic.............................................................................2
2.1 Rationale................................................................................................................................2
2.2 Project plan milestones..........................................................................................................3
2.3 Potential return on investment...............................................................................................4
2.4 Project plan and budget.........................................................................................................7
2.5 Gantt chart...........................................................................................................................11
2.6 Work breakdown structure (WBS)......................................................................................12
3. Conclusion.................................................................................................................................13
Bibliography..................................................................................................................................14

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PROJECT MANAGEMENT
1. Business case of the company
The paper reflects on an organization “Vero Solutions” that utilizes a number of
advanced solutions for warehouse automation as well as logistics. The company aims to attend
London technology and trade show in last six months for providing proper opportunity for the
business to properly showcase their latest innovations. It is found that the organization recently
introduces advanced location-based technologies for tracking the inventory that further allows
the company to improve their efficiency as well as profitability. This is further required in order
to generate new customers as well as different types of networking site with the suppliers.
2. Key findings from project management topic
2.1 Rationale
The paper mainly focuses on an IT company “Vero Solutions” which utilizes a number
of advanced technologies for tracking people, assets as well as inventory for enabling an
individual for improving efficiency, safety as well as profitability. The company aims to attend
London Technology as well as trade show in order to give proper opportunity for a business for
showcasing their latest innovation while successfully generating new customers as well as
different types of networking sites with the suppliers of the organization.

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PROJECT MANAGEMENT
2.2 Project plan milestones
The organization Vero Solutions will generally get involved within London technology
as well as trade show in 6 months. The milestone for each of the phase of the project is generally
showcased in the figure that is given below.
Figure 1: Project plan reflecting the milestones of the project
(Source: Created by Author)

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PROJECT MANAGEMENT
2.3 Potential return on investment
The organization “Vero Solutions” that get involved within London technology as well as
trade show reflected a cost benefit analysis before undertaking a project. The feasibility analysis
that was showed helps in reflecting that the undertaken project is feasible as the ROI of the
project is around 0.2086.
Project
Cost-
Benefit
Analysis
Analysis
Variables:
Discount
Rate Used 5.00%
Annual
Benefits
$
1,20,00
0.00
Annual
Operationa
l Costs
$
30,000.
00
One-Time
Developme
nt Cost
$
3,00,00
0.00

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PROJECT MANAGEMENT
Year of
Project
0 1 2 3 4 5
TOTA
LS
Economic
Benefit $0.00
$
1,20,0
00.00
$
1,20,000
.00
$
1,20,0
00.00
$
1,20,0
00.00
$
1,20,00
0.00
Discount
Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835
PV of
Benefits $0.00
$1,14,
285.71
$1,08,84
3.54
$1,03,
660.51
$98,72
4.30
$94,02
3.14
NPV of all
BENEFITS $0.00
$
1,14,2
85.71
$
2,23,129
.25
$
3,26,7
89.76
$
4,25,5
14.06
$
5,19,53
7.20
$
5,19,53
7.20
One-Time
COSTS
$
(3,00,00
0.00)
Recurring
Costs
$0.00 $
(30,00
$
(30,000.
$
(30,00
$
(30,00
$
(30,000

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PROJECT MANAGEMENT
0.00) 00) 0.00) 0.00) .00)
Discount
Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835
PV of
Recurring
Costs $0.00
$
(28,57
1.43)
$
(27,210.
88)
$
(25,91
5.13)
$
(24,68
1.07)
$
(23,505
.78)
NPV of all
COSTS
$
(3,00,00
0.00)
$
(3,28,5
71.43)
$
(3,55,78
2.31)
$
(3,81,6
97.44)
$
(4,06,3
78.52)
$
(4,29,8
84.30)
$
(4,29,8
84.30)
Overall
NPV
$
89,652.
90
Overall
ROI
0.2086

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PROJECT MANAGEMENT
2.4 Project plan and budget
The project plan reflects that around 6-month of time is utilized for executing the project
with budget of around $300,000. The table showcases both time and budget related with the
project which is mainly needed in order to successfully execute the different phases of the
project effectively.
WBS Task Name Duration Start Finish Resource Names Cost
0
Undertaking
London
technology and
trade show in Vero
Solutions
6 mons
Mon
16-03-
20
Fri 28-
08-20
$ 300,000.00
1 Initiation phase
0.95
mons
Mon
16-03-
20
Thu
09-04-
20
$ 7,072.00
1.1
Development of
business case
5 days
Mon
16-03-
20
Fri 20-
03-20
Project manager $ 2,000.00
1.2
Feasibility
analysis
4 days
Mon
23-03-
20
Thu
26-03-
20
Financial manager $ 1,472.00
1.3 Project charter
establishment
4 days Fri 27-
03-20
Wed
01-04-
Project planner $ 1,440.00

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PROJECT MANAGEMENT
20
1.4
Appointing
team members
6 days
Thu 02-
04-20
Thu
09-04-
20
HR manager $ 2,160.00
1.5
Milestone 1:
Completion of
initiation phase
0 days
Thu 09-
04-20
Thu
09-04-
20
$ 0.00
2 Planning phase 0.8 mons
Fri 10-
04-20
Fri 01-
05-20
$ 5,800.00
2.1
Preparation of
project plan
4 days
Fri 10-
04-20
Wed
15-04-
20
Project planner $ 1,440.00
2.2 Resource plan 4 days
Thu 16-
04-20
Tue 21-
04-20
HR manager $ 1,440.00
2.3
Development of
financial plan
5 days
Wed
22-04-
20
Tue 28-
04-20
Financial manager $ 1,840.00
2.4
Quality
management plan
3 days
Wed
29-04-
20
Fri 01-
05-20
Quality analyst $ 1,080.00

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PROJECT MANAGEMENT
2.5
Milestone 2:
Completion of
planning phase
0 days
Fri 01-
05-20
Fri 01-
05-20
$ 0.00
3 Execution phase
3.78
mons
Mon
04-05-
20
Mon
17-08-
20
$ 283,328.00
3.1 Finding venue 10 days
Mon
04-05-
20
Fri 15-
05-20
Project planner $ 3,600.00
3.2
Making
arrangement for
event
12 days
Mon
18-05-
20
Tue 02-
06-20
Organizer, Organizing
cost[1]
$ 104,320.00
3.3 Doing IT set up 14 days
Wed
03-06-
20
Mon
22-06-
20
IT manager $ 5,152.00
3.4
Decoration as
per theme
10 days
Tue 23-
06-20
Mon
06-07-
20
Decorator, Venue [1] $ 103,200.00
3.5
Selecting
technology
12 days
Tue 07-
07-20
Wed
22-07-
20
IT manager, Additional
cost [1]
$ 60,736.00
3.6 Involving in 17 days Thu 23- Fri 14- Organizer $ 6,120.00

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PROJECT MANAGEMENT
London technology 07-20 08-20
3.7 Presentation 0.5 days
Mon
17-08-
20
Mon
17-08-
20
Project manager $ 200.00
3.8
Milestone 3:
Completion of
execution phase
0 days
Fri 14-
08-20
Fri 14-
08-20
$ 0.00
4
Project closure
phase
0.5 mons
Mon
17-08-
20
Fri 28-
08-20
$ 3,800.00
4.1
Post project
review
4 days
Mon
17-08-
20
Thu
20-08-
20
Project planner $ 1,440.00
4.2
Stakeholder
sign off
1 day
Fri 21-
08-20
Fri 21-
08-20
Project planner $ 360.00
4.3 Documentation 4 days
Mon
24-08-
20
Thu
27-08-
20
Project manager $ 1,600.00
4.4
Releasing
resources
1 day
Fri 28-
08-20
Fri 28-
08-20
Project manager $ 400.00

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PROJECT MANAGEMENT
4.5
Milestone 4:
Completion of
closure phase
0 days
Fri 28-
08-20
Fri 28-
08-20
$ 0.00
2.5 Gantt chart
The Gantt chart that is mainly designed is quite useful for planning as well as scheduling
of the entire projects (Kerzner 2017). It helps in assessing how long a project take time in order
to determine the resources as well as proper plan for completing each of the tasks of the project.
Additionally, it is quite helpful in successfully handling both the dependencies that is present
between the tasks of the project.
Figure 2: Gantt chart
(Source: Created by Author)

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PROJECT MANAGEMENT
2.6 Work breakdown structure (WBS)
The WBS which is given below assists in reflecting how each of the activities of the
project are disintegrated in different phase in order to make the execution of the project easier
(Martens and Carvalho 2017). The WBS is quite significant for tracking the schedule as the
WBS tasks have proper defined limits such that the project management can able to determine
how the tasks of the project can be performed effectively. Furthermore, one of the significant
functions of WBS is to properly define the project scope quite effectively.
Figure 3: Work breakdown structure
(Source: Created by Author)

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PROJECT MANAGEMENT
3. Conclusion
It can be concluded from the paper that the undertaken project will be quite beneficial as
the company will get the ability to showcase its innovative ways that is present for attracting a
greater number of customers as well as suppliers. In addition to this, the paper reflect that the
work will get accomplished by last week of August by utilizing budget of around $300,000. It is
very much necessary to have proper skills of project management and knowledge such that the
project work can be properly completed by utilizing proper steps. Furthermore, the involved
stakeholders are quite experienced and as a result they are capable of completing the work
related with the project on time.

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PROJECT MANAGEMENT
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PROJECT MANAGEMENT
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