Develop a plan using the concepts of project management for starting a new small or mid-sized business of your choice in Thailand. The purpose is to give you the opportunity to plan all aspects of a new project through a comprehensive outline plan, and to organise, coordinate, and evaluate all the necessary activities. You must decide what type of business to start, develop performance objectives/goals, determine personnel needs, determine resource requirements, prepare and analyse the project budget (for start-up activities and for annual ongoing operations), develop an implementation schedule through the use of project management tools, develop annual revenue and profit projections for five years, and conduct a risk analysis.

This project will require a substantial amount of research effort in planning for the new business. You will need to develop cost estimates for personnel, plan basic resource allocation, coordinate facilities/equipment/other resources, and any services needed. You will need to determine realistic time frames and duration estimates for the various start-up activities. Some of this information may be available from the Internet and major business reports, while you may need to contact vendors, industry associations, or other organisations for other information. (Best guess estimates may be used for some costs if no other cost information is easily obtainable, but these estimates should be as realistic as possible. Information about where your cost information is from should be included in your references.)

After you have decided what type of new business to plan for, you will need to decide what tasks will need to be accomplished for your project. You will also need to identify key areas on which to report on the project’s progress. In the appendix of your project report, you should include a Gantt chart showing your different tasks required in accomplishing the project and a schedule for these tasks. Finally, design and prepare closure evaluation and reports for the project .

The target reader for your project report will be potential investors in your new company.