Central university of Technology has a business idea which serves as a community project of starting an internet café around the community, the internet café is for everyone around the community it does not have a specific group. The customers will pay a lower price in order to access the internet since the university has partnered with an internet service provider which is willing to assist the community. The café will be open for 16 hours per day as compared to other local café’s which open for 8 hours. Question You are requested by the university to build a business model for the internet café, come up with good ideas on how this idea could be of value by using the nine elements of the business model
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Central university of Technology has a business idea which serves as a community project of starting an internet café around the community, the internet café is for everyone around the community it does not have a specific group. The customers will pay a lower price in order to access the internet since the university has partnered with an internet service provider which is willing to assist the community. The café will be open for 16 hours per day as compared to other local café’s which open for 8 hours.
Question
You are requested by the university to build a business model for the internet café, come up with good ideas on how this idea could be of value by using the nine elements of the business model
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