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School
Conestoga College *
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Course
8370
Subject
Finance
Date
Apr 3, 2024
Type
docx
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2
Uploaded by CommodoreSwanMaster347
PRACTICAL ASSIGNMENT 3 – UPDATE COST TABLE AND IMPACT TABLE HERE Project Context
Group Number
5
Group Members Present & Student Number
Joel Komarapu – 8939097
Prasidhaa Parameswary-8927368
Sai Sree-8943429
Sneha Kishor-8895982
Group Members Absent & Student Number
Project Description
The initiative entails planning a charity event with the goal of bringing
attention to and encouraging support for mental health concerns. The
occasion will provide a forum for dispelling stigma around mental health issues and educating the public about them. Additionally, money will be raised for projects and groups that promote mental health research, advocacy, and support services.
Project Priorities
Accept:
Baseline Budget: Allocate resources to cover event expenses, venue, catering, marketing, and logistics.
Fundraising Goal:
Establish a goal sum for fundraising at the event in order to help organizations and charities that promote mental health.
Enhance:
Project Duration: Optimize the project timeline for efficient planning, preparation, and execution of the charity gala.
Constrain:
Risk Reserve: Reduce monetary risks by setting aside a portion of the base budget as a reserve for unanticipated problems or event-related
costs.
Event Date
March 28, 2024 (provides sufficient time for planning and executing the project)
Project Duration
6 weeks (ends a week before the event date)
Baseline Budget
$200,000 (sufficient for numerous expenses of the project)
Risk Reserve
12% of Baseline Budget ($24,000)
Cost Table (Add information for your
project costs here)
Cost Description
Rate
Frequency / Duration / Unit
venue
20000
1 unit
Food and drinks 15000
1 unit
MGMT8370 Conestoga College W24
PRACTICAL ASSIGNMENT 3 – UPDATE COST TABLE AND IMPACT TABLE HERE Marketing 2000
5 days Logistics
8000 1 unit
Guest speaker fees
5000
1 day
Use the Practical 2 feedback to populate/update the impact table below.
Impact Rating
Cost
Time (Specify time measure)
1 – Low
12% of Baseline Budget ($24,000)
>1 week
2 - Medium
$9600 - $14,400 (40% - 60%)
1-3 weeks
3 – High
$14,440 - $24,000
(60% - 100%)
< 3 weeks
MGMT8370 HEAT MAP
Threats
Opportunities
Probability
60-100%
High
2
Med
3
High
3
High
3
High
3
High
2
Med
60% -
100%
High
Probability
40% - 60%
Medium
2
Med
2
Med
3
High
3
High
2
Med
2
Med
41% - 60%
Medium
1% - 40%
Low
1
Low
2
Med
2
Med
2
Med
2
Med
1
Low
1% - 40%
Low
1 - Low
2 – Med
3 - High
3 - High
2 – Med
1 - Low
Impact
MGMT8370 Conestoga College W24
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