D079 Task 1- Taylor Mays (final)
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Jun 27, 2024
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D079 Business Environment Applications II
Task 1: Project Management
Taylor Mays
Student ID #: 010431129
A1a.
To begin the project, we must create a plan, determine the necessary steps, and select the people who will be involved and dedicated to the endeavor. The plan is to establish a catering business for customers who live up to 25 miles from the market. This is being launched in honor of the market's approaching 10th anniversary. Additionally, local vendors that sell organic food that is sourced locally are sought after by the local customer base. The catering business must be operational within 30 days to meet this standard.
A1b.
Stakeholder 1: Customers have a significant role in this. They must be within 25 miles of the market to be eligible for the delivery service. If you're in that zone, the objective is to deliver in one
hour. Customers can only receive this service if they are within this area.
Stakeholder 2: The suppliers are yet another crucial group. According to the supplier, the lettuce required for the catering plan's lunch salads won't be available. We may have an ethical conundrum when using non-organic lettuce if they cannot deliver the organic produce. The company would benefit only if we used fresh, organic ingredients. Suppliers risk not getting paid if they cannot deliver the organic lettuce, and our objectives may not be met.
Stakeholder 3:
Employees, or the caterers, are also essential. They have just two weeks to determine how much each lunch will cost, review what needs to be done before the business launches and determine how catering will affect in-store operations. These changes impact employees because they must rapidly obtain accurate information, which is difficult given the frequent changes.
A1c.
The project appears feasible considering the scope, cost, and time variables.
Customers
within 25 miles of the store can order catering once a week, with lunch orders delivered within an hour. We will initially have to spend more money on the budget because we must purchase catering supplies, but we can use some funds from the company's retail division. Given that we already have some employees and products ready to go, a 30-day launch seems realistic.
A2a.
First milestone:
Within the first week, hire new employees. To meet the 60-minute delivery target, we will need more delivery drivers. Additionally, staffing specialists will need to connect with suppliers or identify new ones to guarantee we have the food products we require in time for the launch.
Second Milestone
: Have a research and development team collect information about the neighborhood in the second week to estimate the number of possible customers. This will
guarantee seamless business operations and help to streamline logistics.
Third Milestone:
Request an analysis of all final costs from the finance department the third week before launch. This will guarantee that we have enough couriers to handle the deliveries and that all goals are met on schedule.
A2b.
Specific (S):
To stay within the $7000 budget, reduce lunch expenses by $700.
Measurable (M):
Lower meal expenses by 10% or more.
Achievable (A):
To assist suppliers in meeting demand, consider reducing the portion sizes of the free lunches.
Relevant (R):
Determine which expenses can be reduced to stick to the $7000 budget.
Time-bound (T):
Fulfill the $7000 budget in 30 days or less.
A2c.
Risk 1
: Since we only have one delivery vehicle, one of the most significant risks to the success of this project is the possibility of late or delayed deliveries. Customers may not receive their food on time if we receive several orders that must all be delivered in an hour due to delays caused by traffic or unforeseen orders.
Risk 2
: Another risk is working with more suppliers to meet our demand. We risk running out of the products needed for the launch if we need more suppliers, which could
damage our reputation and image.
A3a.
We could reduce the meal portions by at least 10% to deal with the budget being over 10%,
or $700. In this manner, we can reduce the price from $7700 to $7000 while still providing customers with a respectable-sized portion. Locating vendors selling locally grown, organic produce at a reduced cost is another way to save money.
A3b.
Having several delivery vehicles could help us resolve the scheduling conflict.
If we only
use one, orders may overlap, which would harm our reputation and cause delays. If there is only one vehicle, it might not be feasible to guarantee delivery within an hour for orders within a 25-mile radius. We could fulfill this commitment and prevent scheduling problems if we increased the number of delivery trucks.
A4a.
Various scheduling conflicts and budgetary issues may compromise the project's scope.
Uncontrolled changes lead to scope creep, which is problematic since our suppliers have informed us that they will need the lettuce we need for the lunches. We're in trouble if we can't locate another organic supplier. Schedule conflicts may arise due to the project's extensive scope and constrained timeline.
On the budget side, we were only going to spend $700 on these lunches, but we've already spent $700 more. If we reduce costs, we may avoid financial difficulties and need
more money for upcoming expenses.
A5a.
We could make the launch date longer—30 days instead of 45 to improve the project. With more time, the business could organize everything and provide us with additional options for selecting food items and obtaining backup suppliers.
Budget increases and reevaluations are two more ways to make things better. It is important to keep extra cash on hand in case of unforeseen costs. Increasing the budget by at least $1000, if it is $7000, will help pay for any unexpected expenses, such as those described in the scenario.
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