Running Header: WEEK3PROJECTSCOPE 1 1. Project objective The project scope is to create a night life entity coliseum / sporting compound located in Charlotte North Carolina. Seating between 5-6000 patrons per event. Structural size that will hold 5-6000 people for concerts and special occasions that will take a major portion of Social gatherings nightlife. Situational analysis Locatio n of factor Internal 1 Coliseum Favorable Unfavorable Strengths Weakness PROJECT SCOPE External Best location for a night club holds 5-6000k people compared to 1000 from the rest of clubs. Located on or within the city limits/ more than just a concert arena The club gets attached to drugs. Lies, Bad reputation Booking artists and they do not show for signed agreed contract Loosing Liquor License to an under aged drinker. 500K profits bi-weekly if ran right. Opportunities Long term investment. Growing demand for a safe location of party goers to attend. Located in a city that is run by the banks and population is still growing per capita. Threats Violence - someone getting hurt on or around the property Anyone in power that finds out that I am black and I am doing it by myself Reoccurring and fixed costs if I fail to keep the business running. Losing my current job 2. Deliverables a. Pour all my resources into my project - Continuous \"Start to finish\" b. Get in contact with local officials for zoning and building permits and find out c. d. what areas can I place my complex Liquor licenses and state rules. 5-8K Raise 350,000 for the land and 35K for taxes surcharges and fees - 3 years time Place bid to Architectural designers for Club Design and Blueprints and 3D visuals for infrastructure for development - 5-10K e. Purchase 15-20 acres of land in the vicinity of Charlotte metro area for 350,000 3 years f. Select a construction company to level and raise the land for development - 1050K depending on terrain 3-months 2 PROJECT SCOPE g. Price construction equipment and set up cost in conjunction with meetings and set schedule start and completion times. Prioritize exterior structural design over any other section. Once the outer walls and ceilings is up everything else can wait and order of importance. Start and end of project. h. Price furniture and Electronic equipment. 50-100K 3. Milestones a. Reach 350K for land \"No leasing\" ownership - 3 years b. Accept project bid and get approved by city ordinance for project acceptable c. First shovel in ground 4 years with land developed. d. Foundation laid 4 years 6 months e. Walls and ceiling put up Interior and exterior painted 5 years. f. Structural design integrity checked; foundation checked for stability, inspection of g. h. i. j. wiring and utilities for building. 5-6 years Buy equipment - continual for the 6 years Order bar and obtain liquor license. 6 year Final inspection of building 2 months before opening Test equipment sound quality and position lighting and overall sound and access and exit points. k. Hire staff - Based on resume and credit score - ongoing l. Book entertainers -Pay them what the command for a show - Build calendar for year m. Advertisement - Facebook Instagram and radio -1 year left into build 4. Technical requirements a. Business license - Need license to pay taxes b. Liquor license - Need liquor license to sell liquor c. Health permits - Sanitation and inspections d. Enforce Capacity level limit - Capacity crowd that is all e. Parking - Safe parking entry and exit design f. Security - Security of venue before during and after show g. Safety - crowd control h. Storage and functionality - Where to hold the liquor and seasonal items i. Accessible to a major route of transportation - Easy to reach home j. Clearly visible entry and exit points - Emergency situations k. Cleanliness -Work areas clean l. Sophisticated surveillance - \"cameras\" m. Stub Hub and ticket master affiliated - No hand to hand ticket sales n. Learning how to run a complex of that size -The Does and Don'ts o. Daily and monthly expense reports - Me p. Ordering resupply - Set on hand levels resupply levels. Buy items that are selling Vs. Items that take time to sell. Quick turnover ratios 5. Limits reasons for failure 3 PROJECT SCOPE a. Improper planning. b. Dates available when scheduling, construction is based on seasonal patterns c. Hiring a bad project manager. Manager or Project coordinator contractor reserves the right to subcontract work, but he would still be responsible for the quality/timeliness of work delivered. d. Trusting others, not being there on ground because I have to work elsewhere. 6. Customer satisfaction a. Competitive affordable Cost of admittance b. Competitive affordable Cost of alcoholic beverages Proposed budget: Given that the my expected budget is 6.5 million which will cover all my costs I have to take into consideration that I just might not get the support from the bankers for this endeavor. That is why If need be I would have to do it all by myself. The times will be stretched out if I had to do it all by myself. I would if need be but for the sake of this class, I get the business loan. One show with a major entertainer can reap major. The average rate for performs are listed Ref1http://www.thedailybeast.com/articles/2014/05/21/see-how-much-it-llcost-to-book-your-favorite-musical-act.html Floor ticket prices are 700 dollars per ticket times 6000 4.2 million for one show not including alcohol and liquor sales. With or without the bank is based on my earned income and me saving my own money. Time and my commitment are of great help to me in my budget. I am still making money during that time and with or without help I can get everything done that I wanted to get done. 4 PROJECT SCOPE References: How much is it to book you r favorite artists. http://www.thedailybeast.com/articles/2014/05/21/see-how-much-it-ll-cost-to-book-your-favoritemusical-act.html 5 ABC commission North Carolina - http://abc.nc.gov/ Alcohol Pricing - http://abc.nc.gov/pricing/