2.0 Company overview.
3.0 Goals and objectives.
3.1 Business goals and objectives.
3.2 Project Goals and Objectives.
4.0 Project Milestone.
5.0 Project Management Approach.
5.1Project Roles and Responsibilities.
5.2 Issue management
6.0 Project Schedule.
7.0 Risk management plan.
7.1 Potential risks.
7.2 Contingency plan.
8.0 Project execution.
Training to the project users.
The study reveals that there are vast prospects of new business and entrepreneurship in the UK including the Kennington area. This report creates a plan for a new business of entrepreneurship in the Kennington area. In the first section, the assignment gives the company overview as well as the mission statement for the proposed company. In the second section, it describes the goals and objectives of the proposed company’s business and project. In the third section, it summarizes the process of the project with its estimation.
The fourth section, it describes the approach of project management such as budgets, project roles, and responsibilities or issue management. The fifth section, explains the schedule of the project and the basic resource distribution. In the sixth section, it analyzes the risk management plan such as contingency plan and potential risks. In the seventh section, the execution of the process is presented. Last, of all, this assignment prepares and designs a closure assessment of the proposed company.
2.0 Company overview
“Quality Food” is the name of the proposed company which is the small entrepreneurship business. This entrepreneurship business is established in the Dalston area in the UK. At present, the business owner of this business is planning to spread out its business as well as launch a new branch in the developing marketplace of Kennington. The main products which are sold by Quality Food are household items, food items such as cake, biscuits, ice-cream, rice, bread, pulse, chocolate, and other materials.
The several wholesalers and manufacturers in China, Bangladesh, India, Egypt, and Dubai are the main suppliers of this small entrepreneurship business. The business’s target consumers are chiefly all aged of people including men, women, children in the Kennington. This entrepreneurship business is run by Mortaza Mia and his brother.
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3.0 Goals and objectives
3.1 Business goals and objectives
The main aim of the proposed business (Quality Food) is to exploit the business in the Kennington marketplace for achieving more profit. The proposed company’s (Quality Food) mission is to achieve the high pleasure of consumers by giving the best quality goods at reasonable prices, maintaining profitability and better consumer service.
The proposed company’s new business will observe different matrixes which are: a) employee retention; b) acquisition costs of customers; c) consumer retention; d) productivity; e) product’s lifetime value; f) breakdown of product; g) profit margin; h) revenue; i) financing and marketing, and j) core values.
3.2 Project Goals and Objectives
The objective and goal of the new project for the proposed company are to complete the project’s implementation work within one year. The budget for the new project is £170,000.00. The main objectives of the new project are:
5.2 Issue management
The information contained in the project plan will change as the project progresses. It is very significant to note that any changes to the project plan will impact some major critical issues such as project quality, available resources and time. The decisions by which to create modifications to the project plan should be coordinated by applying the following procedures:
Step 1: Note the changes that impact project schedule, scope, spending, and staffing is recognized. The director will document the issues.
Step 2: The director will assess the changes as well as control the associated impact to the project and will forward the issues……………