Bus375 Management | Launching A Assessment Answer

Answer:

Scope of management plan, including project budget and resources plan

Introduction

The paper mainly focuses on the launch of a new Butcher and steak house restaurant. It is identified that in order to launch the restaurant an event is organized. The main aim of organizing the event is to drive the customer traffic towards the new Butcher and Steak house restaurant so that the restaurant can able to exist in the market by competing with other competitors. It is identified that the event is mainly launched by inviting audience as well as through social media. The main benefits of launching the restaurant include getting attention, enhancing revenue, and advertising brand, enhancing reputation of the restaurant and creating new relationship with the customers. In this paper, proper focus in on the project scope, period of performance, place of performance, work requirements are well ads project milestones.

Scope of Work

The scope of the work is providing below:

Launching new Butcher and steak house restaurant
Decorating restaurant
Hiring chefs
Selecting food menu
Printing invitation card
Give Out Invitations to Special Guests
Prepare Special Menu for Launch Day
Serve Guests with Special Dishes at Discounted Price
Present Guests with Souvenirs
Promoting through social media
Promote Event in Digital Media

Period of Performance

It is identified that the launch of a new Butcher and steak house restaurant will be successfully completed within the timeframe of 63 days by assuming that the project will commence on 23^rd May 2018. The entire period of performance for each of the activities are provided in the table below:

Place of Performance

The restaurant organizes the event in the new Butcher and Steak House Restaurant so that they can be customers can be able to know about the location and the services that are provided by the restaurant.

Work Requirements

The work requirements of the project are listed in the table below:

WBS	Task Name
0	Launching a new Butcher and Steak House Restaurant
1	Project planning phase
1.1	Development of event plan
1.1.1	Resources needed for the event
1.1.2	Financial plan for the event
1.2	Developing quality management plan for the event
1.2.1	Checking quality of the raw materials
1.2.2	Analyzing risks that affects project quality
1.3	Communication plan
1.3.1	Communication roles
1.3.2	Communication tools and methods
2	Initiation phase
2.1	Preparing launching plan
2.1.1	Involvement of top management
2.1.2	Identifying the need of launching business
2.2	Feasibility study
2.2.1	Undertaking cost benefit analysis
2.2.2	Undertaking feasibility of the project
2.3	Establishing project charter
2.3.1	Appointing team members
2.3.2	Identifying people needed
3	Making arrangements
3.1	Determining target audience
3.1.1	Determining the audience that are needed to be targeted
3.1.2	Identifying the requirements of the audience
3.2	Making arrangements
3.2.1	Decorating restaurant
3.2.2	Hiring chefs
3.2.3	Selecting food menu
3.3	Inviting audiences
3.3.1	Printing invitation card
3.3.2	Give Out Invitations to Special Guests
3.3.3	Prepare Special Menu for Launch Day
4	Executing the event
4.1	Starting event
4.1.1	Grand Opening
4.1.2	Serve Guests with Special Dishes at Discounted Price
4.1.3	Present Guests with Souvenirs
4.2	Event promotion
4.2.1	Promoting through social media
4.2.2	Promote Event in Digital Media
4.2.3	Release Special Offers for Event
4.3	Closure
4.3.1	Closing the event

Milestone/schedules

The schedule of the project is provided in the table below:

Task Name	Duration	Start	Finish
Launching a new Butcher and Steak House Restaurant	61 days	Wed 23-05-18	Wed 15-08-18
Project planning phase	11 days	Wed 23-05-18	Wed 06-06-18
Development of event plan	3 days	Wed 23-05-18	Fri 25-05-18
Resources needed for the event	2 days	Wed 23-05-18	Thu 24-05-18
Financial plan for the event	1 day	Fri 25-05-18	Fri 25-05-18
Developing quality management plan for the event	4 days	Mon 28-05-18	Thu 31-05-18
Checking quality of the raw materials	2 days	Mon 28-05-18	Tue 29-05-18
Analyzing risks that affects project quality	2 days	Wed 30-05-18	Thu 31-05-18
Communication plan	4 days	Fri 01-06-18	Wed 06-06-18
Communication roles	2 days	Fri 01-06-18	Mon 04-06-18
Communication tools and methods	2 days	Tue 05-06-18	Wed 06-06-18
Initiation phase	18 days	Thu 07-06-18	Mon 02-07-18
Preparing launching plan	5 days	Thu 07-06-18	Wed 13-06-18
Involvement of top management	3 days	Thu 07-06-18	Mon 11-06-18
Identifying the need of launching business	2 days	Tue 12-06-18	Wed 13-06-18
Feasibility study	6 days	Thu 14-06-18	Thu 21-06-18
Undertaking cost benefit analysis	3 days	Thu 14-06-18	Mon 18-06-18
Undertaking feasibility of the project	3 days	Tue 19-06-18	Thu 21-06-18
Establishing project charter	7 days	Fri 22-06-18	Mon 02-07-18
Appointing team members	3 days	Thu 28-06-18	Mon 02-07-18
Identifying people needed	4 days	Fri 22-06-18	Wed 27-06-18
Making arrangements	19 days	Tue 03-07-18	Fri 27-07-18
Determining target audience	5 days	Tue 03-07-18	Mon 09-07-18
Determining the audience that are needed to be targeted	3 days	Tue 03-07-18	Thu 05-07-18
Identifying the requirements of the audience	2 days	Fri 06-07-18	Mon 09-07-18
Making arrangements	9 days	Tue 10-07-18	Fri 20-07-18
Decorating restaurant	3 days	Tue 10-07-18	Thu 12-07-18
Hiring chefs	4 days	Fri 13-07-18	Wed 18-07-18
Selecting food menu	2 days	Thu 19-07-18	Fri 20-07-18
Inviting audiences	5 days	Mon 23-07-18	Fri 27-07-18
Printing invitation card	2 days	Mon 23-07-18	Tue 24-07-18
Give Out Invitations to Special Guests	2 days	Wed 25-07-18	Thu 26-07-18
Prepare Special Menu for Launch Day	1 day	Fri 27-07-18	Fri 27-07-18
Executing the event	13 days	Mon 30-07-18	Wed 15-08-18
Starting event	5 days	Mon 30-07-18	Fri 03-08-18
Grand Opening	1 day	Mon 30-07-18	Mon 30-07-18
Serve Guests with Special Dishes at Discounted Price	2 days	Tue 31-07-18	Wed 01-08-18
Present Guests with Souvenirs	2 days	Thu 02-08-18	Fri 03-08-18
Event promotion	7 days	Mon 06-08-18	Tue 14-08-18
Promoting through social media	2 days	Mon 06-08-18	Tue 07-08-18
Promote Event in Digital Media	2 days	Wed 08-08-18	Thu 09-08-18
Release Special Offers for Event	3 days	Fri 10-08-18	Tue 14-08-18
Closure	1 day	Wed 15-08-18	Wed 15-08-18
Closing the event	1 day	Wed 15-08-18	Wed 15-08-18

Budget

It is estimated that the budget that is needed for launching a new Butcher and Steak House Restaurant will be around $38,400. The budget that is needed for executing each activities are listed below:

Task Name	Duration	Cost
Launching a new Butcher and Steak House Restaurant	61 days	$ 38,400.00
Project planning phase	11 days	$ 12,920.00
Development of event plan	3 days	$ 10,280.00
Resources needed for the event	2 days	$ 10,000.00
Financial plan for the event	1 day	$ 280.00
Developing quality management plan for the event	4 days	$ 1,120.00
Checking quality of the raw materials	2 days	$ 560.00
Analyzing risks that affects project quality	2 days	$ 560.00
Communication plan	4 days	$ 1,520.00
Communication roles	2 days	$ 880.00
Communication tools and methods	2 days	$ 640.00
Initiation phase	18 days	$ 6,720.00
Preparing launching plan	5 days	$ 1,960.00
Involvement of top management	3 days	$ 1,320.00
Identifying the need of launching business	2 days	$ 640.00
Feasibility study	6 days	$ 1,800.00
Undertaking cost benefit analysis	3 days	$ 840.00
Undertaking feasibility of the project	3 days	$ 960.00
Establishing project charter	7 days	$ 2,960.00
Appointing team members	3 days	$ 1,200.00
Identifying people needed	4 days	$ 1,760.00
Making arrangements	19 days	$ 6,720.00
Determining target audience	5 days	$ 1,720.00
Determining the audience that are needed to be targeted	3 days	$ 840.00
Identifying the requirements of the audience	2 days	$ 880.00
Making arrangements	9 days	$ 3,240.00
Decorating restaurant	3 days	$ 840.00
Hiring chefs	4 days	$ 1,760.00
Selecting food menu	2 days	$ 640.00
Inviting audiences	5 days	$ 1,760.00
Printing invitation card	2 days	$ 800.00
Give Out Invitations to Special Guests	2 days	$ 640.00
Prepare Special Menu for Launch Day	1 day	$ 320.00
Executing the event	13 days	$ 12,040.00
Starting event	5 days	$ 1,760.00
Grand Opening	1 day	$ 400.00
Serve Guests with Special Dishes at Discounted Price	2 days	$ 560.00
Present Guests with Souvenirs	2 days	$ 800.00
Event promotion	7 days	$ 9,840.00
Promoting through social media	2 days	$ 8,000.00
Promote Event in Digital Media	2 days	$ 640.00
Release Special Offers for Event	3 days	$ 1,200.00
Closure	1 day	$ 440.00
Closing the event	1 day	$ 440.00

Resource Plan

Resource Name	Type	Max. Units	Std. Rate	Cost/Use	Accrue At	Base Calendar
Event planner	Work	100%	$ 50.00/hr.	$ 0.00	Prorated	Standard
Organizer	Work	100%	$ 40.00/hr.	$ 0.00	Prorated	Standard
Financial manager	Work	100%	$ 35.00/hr.	$ 0.00	Prorated	Standard
Quality analyst	Work	100%	$ 35.00/hr.	$ 0.00	Prorated	Standard
Event manager	Work	100%	$ 55.00/hr.	$ 0.00	Prorated	Standard
Chef	Work	100%	$ 40.00/hr.	$ 0.00	Prorated	Standard
Raw materials	Material		$ 10,000.00	$ 0.00	Prorated
Additional cost	Material		$ 8,000.00	$ 0.00	Prorated
Volunteer	Work	100%	$ 35.00/hr.	$ 0.00	Prorated	Standard

Acceptance Criteria

It is identified that after the launching of the restaurant all the deliverables of the project mainly reside with the Vice president of marketing. It is identified that the VP of marketing generally helps in maintaining small team of three advisors for making sure that the entire event is successfully completed by meeting the objectives and scope of the project. It is identified that after the launching of the restaurant, the restaurant can be able to provide proper services to the customers of the organization.

Other requirements

The Launching of new Butcher and Steak House Restaurant must be advertised so that more customers can visit the restaurant, which further helps in enhancing the revenue of the restaurant.

Acceptance

Approved by:

Date:

Work breakdown structure

Figure 1: WBS

(Source: Created by Author)

Stakeholder management plan

Roles and responsibilities

Name	Role	Responsibility
<Please Fill>	Event planner	· The event planner will create proper plan in order to launch the Butcher and Steak House Restaurant
<Please Fill>	Organizer	· They are generally responsible for restructuring the team and assigns them tasks for completing the tasks and duties for launching Butcher and Steak House Restaurant
<Please Fill>	Financial manager	· They are generally responsible for reviewing various types of financial reports and assist in preparing activity reports.
<Please Fill>	Quality analyst	· Quality analyst will generally engages in developing test plans for identifying the quality of the project.
<Please Fill>	Event manager	· The event manager is responsible for arranging for the project so that the restaurant can be launched successfully.
<Please Fill>	Chef	· The Chef arranges for the food so that proper food service is provided to the customers.
<Please Fill>	Volunteers	· The volunteers engage in managing the work activities that are required to be done for website launch.

Stakeholder analysis

Stakeholders	Influence	Impact
Event planner	High	High
Organizer	Low	High
Financial manager	Low	High
Quality analyst	Low	High
Event manager	High	High
Chef	Low	High
Volunteers	Low	High

Stakeholder management strategies

Name, position, etc.	Interest	Message	Communication Channel	Frequency
Event planner	Objectives and project scope	The messages must be related with achieving project goals and objectives.	Face to face	Once
Organizer	Inform about the status of the event	The project is on track	Face to face, conference	Weekly
Financial manager	About the project budget	Informs whether the project is on track or not	Face to face, conference	Monthly
Quality analyst	Informs about quality	Analyzes whether the event meet the objectives of the restaurant or not	Face to face	Weekly

Risk management plan

Risk	Evaluation	Impact	Probability	Responsible person	Mitigation strategies
Improper slippage	Due to inappropriate tracking, the event manager faces difficulty in finishing the project.	Very High	Very High	Event planner	Proper tracing of schedule on weekly basis can mitigate this issue.
Inappropriate arrangement	Due to improper management it is quite difficult to organize the event	High	Medium	organizer	It is very much essential to organize the event successfully.
Lack of budget	If the budget of the project is not properly assumed then it can create lot of financial issues.	Very High	High	Financial manager	It is quite essential to estimate the budget quite effectively undertaking proper market analysis.
Inexperienced event managers	If the event manager are less experienced then can face difficulty in launching a new Butcher and Steak House Restaurant	Medium	Medium	Event manager	It is very much necessary to hire experienced event managers

Probability	Very high				Lack of budget	Improper slippage
	High			Inappropriate arrangement
	Medium			Inexperienced event managers
	Low
	Very low
		Very low	Low	Medium	High	Very high
	Impact

Event evaluation

It is identified that the event was mainly undertaken in order to launch new Butcher and Steak House Restaurant. As per the project planning, it is reflected that the website launching will be finished within the duration that is around 61 days by utilizing budget of around $38,400. The launching of the restaurant will be helpful in targeting the audience and it assists in providing an opportunity to the restaurant to drive the traffic of the audiences. Furthermore, it is identified that there are number of risks that are associated with the event that need to be mitigated by taking proper steps.

References

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