Project Topic: Open a new restaurant

Introduction

$$ What is your company $/$ project about?

$$ Why is your product $/$ project needed? Is there a void in the market?

$$ Are there any statistics or research that can support your claims?

$$ What is the impact of not having your product $/$ project?

Project Scope Statement $(6$ parts$)$

$$ Project Objective $$ Answers the questions of what, when and how much

$$ Deliverables $$ Tangible or intangible goods or services to be created

$$ Milestones $$ Major events to show segments of completed work

$$ Technical Requirements $$ Any performance specs needed for a product $/$ service

$$ Limits & Exclusions $$ List Items outside of the scope to establish boundaries

$$ Customer Reviews $$ who is your point of contact? How will you manage expectations?

Work Breakdown Structure $($WBS$)$

$$ Create a WBS structure in a hierarchical format

$$ Can be structured by $$phase$$ or by $$deliverable$($either one is fine$)$

$$ Tasks should be:

$$ Manageable $$ authority and responsibility can be assigned

$$ Measurable $$ it should be easy to track progress on it

$$ Independent $$ not dependent on other activities

$$ Rule of thumb:

$$ Stay between $5$ to $8$ columns wide

$$ Stay between $4$ to $5$ rows down

Gantt Chart

$$ Create a Gantt chart for your Project

$$ Note: the use of MS Project is not mandatory

$$ Use the template provided or any software available to assist in building the Gantt $($e$.$g$.$ PowerPoint, Visio, Excel, PowerPoint or MS Word$)$

$$ Use the WBS created above to match the breakdown of the Gantt Chart

$$ Include key deliverables and milestones

$$ Conduct research when necessary and use industry knowledge when appropriate

Budget

$$ Create a budget for your project

$$ Try and use the WBS & Gantt Chart as a guide and assign costs for each task

$$ Add the costs together to produce an overall project budget

$$ Develop the budget in an excel spreadsheet, if possible.

Stakeholder Assessment

$$ Identify and list at least $5$ stakeholders on your project

$$ What is their title in the organization?

$$ What role do they play on the project $($e$.$g$.$ SME$)?$

$$ What level of power do they have in the organization $($Low or High$)?$

$$ What level of interest do they have in the organization $($Low or High$)?$

$$ What requirements do they have on the project?

$$ What concerns do they have about the project?

Communications Plan

$$ What is the name of the document you are sending to stakeholders $($e$.$g$.$ status report$)?$

$$ Who owns the document $($e$.$g$.$ business analyst$)?$

$$ What medium will be used to send the document $($e$.$g$.$ hard copy or print$)?$

$$ How frequently will be you distributing this document $($e$.$g$.$ once a week$)?$

$$ Who is the stakeholder receiving the document $($e$.$g$.$ Product Manager$)?$

$$ What does the stakeholder need to do with the document $($e$.$g$.$ give guidance?$)$

Risks and Mitigation Strategies

$$ Identify at least $5$ risks for your project

$$ Provide a description of the risk

$$ Assess the Probability and Impact of each of the $5$ risks

$$ Calculate the Score for each of the $5$ risks $($Probability x Impact$)$

$$ Develop a Risk Response Strategy $($i$.$e$.$ how will you respond to each of the $5$ risks $$ transfer, mitigate, accept, or retain?$)$

$$ What is your contingency plan for each of the $5$ risks?

$$ What is the potential trigger for each contingency?

$$ What is the status for each risk $($open$,$ closed, or in$-$progress$)?$

Conclusion

$$ Provide an overall summary of the project

$$ What were your Key Findings?

$$ What were your Lessons Learned?

$$ What are $3$ key Takeaway messages you want the audience to remember?

References

$$ Use at least $3$ references to support your project