What is the "project" scope And "product scope/solution" based off this business model canvas provided in the images attached.

Final result should look similar to this format

The Business Model Canvas Designed for: Project 1909 Phases 1 and 2 Key Partners Key Activities Value Propositions Increase the value of the property, individual rooms. Construct a modernized, four-star quality Lobby, Restaurant, Kitchen, and Banquet Hall Ballroom, using Hyatt Place as a benchmark, that provides a destination for a variety of events with exceptional service. Upgrade from the current substanda environment to a more professional look that can provide a better-quali service to encourage repeat custom Finalize construction and completion date, which includes a detailed business plan, and initiate marketing to begin filling a long-term calendar that creates a revenue stream. Create uniformity of quality throug that makes guests feel safe upon fir Key Partners Grady Meeks - Project Sponsor & Board of Directors President Janice Brooks - VP Board of Directors Vacancy - Secretary/Treasurer Board of Directors Lori Ratto - General Manager 124 Unit Owners - 192 Units John Digulio - General Contractor - Cornerstone Homes Don Burke - Food & Beverage Manager Kevin Filo - Overall Project Manager April Kelley - Overall Project Manager Manases Hernandez - Construction Phases 1 and 2 Project Manager Taylor Gilbert - TM CONSTR Ph 1&2 Shayn Gonzalez - TM CONSTR Ph 1&2 Robert Harrison - TM CONSTR Ph 1&2 Chamber of Commerce County Permits & Fire Inspectors Local Hotels (Overflow) Present a showcase platform that er guests/visitors to utilize other amen hotel increasing revenue streams. Capitalize on providing an unmatched service to initial customers to begin establishing a Customer Relationship Management system that will distinguish single-use customers from high value customers. This system should serve as a catalyst to adapt word-of- mouth advertising. Creating a self-marketing system that is free and most reliable. Provide an opportunity for the orga an additional revenue stream such a coffee shop. . Create a solidarity throughout owne management on the whole" hotel motivate all in the importance of re individual rooms. Key Resources Increase the buy-in of those owners program to join which will increase availability of the Hotel. Individual owners will continue to serve as the most important resource for all events held and services provided at the Oceanside Inn. Increase overall profit margins of th affording the ability of the hotel to 60/40 split. Key Suppliers Lowe's HD Supply Home Depot Johnstone Supply Sherwin-Williams Paint Store Kinsley Carpets Challenger Lighting Company Great Big Canvas C&G Construction - Painter Atlantic Electric - Electrician Contractor All Pro Doors - Doors Firetronics - Sprinkler System Used Kitchen Equipment (Various vendors) They have/will contribute financially through assessments, association fees, and individual purchases. Additionally, their motivational level will impact the level of success of any project at the Oceanside Inn. Creating new revenue streams will be paid before anticipated time, res created, and increasing the profit m property. It will be achieved by assisting in word-of-mouth marketing and the positive impression left on event attendees by the owner's tenants/renters. Instill a higher sense of professiona staff and employees, raising the bar that will be provided to the custom Designed for: Project 1909 Construction Phases 1 and 2 The Business Model Canvas Designed by: Capstone group for Construction Phases 1 and 2 Date: 08/30/2021 Key Partners @ Key Activities Value Propositions Customer Relationships Customer Segments Increase the value of the property, especially the individual rooms. Construct a modernized, four-star quality Lobby, Restaurant, Kitchen, and Banquet Hall Ballroom, using Hyatt Place as a benchmark, that provides a destination for a variety of events with exceptional service. Individual owners will remain our most important customers. Oceanside Inn will attempt to strengthen that relationship and mend those that have been broken in the past. This long-term philosophy will be spearheaded by providing larger dividends and increasing property value through the new resource. The condo owners are receiving the mos are the most important customers for Pr Upgrade from the current substandard, outdated hotel environment to a more professional and modernized look that can provide a better-quality product and service to encourage repeat customers. The Oceanside Inn's Business plan will diversification in their customer segmer Finalize construction and completion date, which includes a detailed business plan, and initiate marketing to begin filling a long-term calendar that creates a revenue stream. Create uniformity of quality throughout hotel's lobby that makes guests feel safe upon first impression. Strengthen community presence by providing a more professional establishment for the community to hold their special events. Key Partners Grady Meeks - Project Sponsor & Board of Directors President Janice Brooks - VP Board of Directors Vacancy - Secretary/Treasurer Board of Directors Lori Ratto - General Manager 124 Unit Owners - 192 Units John Digulio - General Contractor - Cornerstone Homes Don Burke - Food & Beverage Manager Kevin Filo - Overall Project Manager April Kelley - Overall Project Manager Manases Hernandez - Construction Phases 1 and 2 Project Manager Taylor Gilbert - TM CONSTR Ph 1&2 Shayn Gonzalez - TM CONSTR Ph 1&2 Robert Harrison - TM CONSTR Ph 1&2 Chamber of Commerce County Permits & Fire Inspectors Local Hotels (Overflow) Present a showcase platform that encourages guests/visitors to utilize other amenities within the hotel increasing revenue streams. Capitalize on providing an unmatched service to initial customers to begin establishing a Customer Relationship Management system that will distinguish single-use customers from high value customers. This system should serve as a catalyst to adapt word-of- mouth advertising. Creating a self-marketing system that is free and most reliable. The Construction project, when completed, will seek out high valued customers for long term relationships. This population, along with new customers, should be a target for upselling newly constructed amenities. Completion of this project will allow th create an environment that will satisfy t needs/requirements of a wide array of a provide a destination stay with exceptio Common travelers Organizational groups (JROTC, Traveli teams, bike groups, etc.) High valued customers Repeat customers Word-of-mouth referrals Provide an opportunity for the organization to create an additional revenue stream such as hotel store or coffee shop. . Create a solidarity throughout ownership and management on the "whole" hotel concept and motivate all in the importance of renovating individual rooms. Key Resources Channels Daytona Beach has large traditional eve be targeted, to include but not limited to Daytona Turkey Run Daytona 500 Coca-Cola 400 Bike week Jeep Beach Week Biketoberfest . Increase the buy-in of those owners not in the program to join which will increase occupancy availability of the Hotel. Individual owners will continue to serve as the most important resource for all events held and services provided at the Oceanside Inn. Internet advertising (Facebook, Twitter, Instagram, & other websites) will be utilized to attract new customers. Increase overall profit margins of the organization affording the ability of the hotel to get to the target 60/40 split. Storefront channeling will be achieved by presenting an inviting appearance so customers using facilities want to inquire about other services. Key Suppliers Lowe's HD Supply Home Depot Johnstone Supply Sherwin-Williams Paint Store Kinsley Carpets Challenger Lighting Company Great Big Canvas C&G Construction - Painter Atlantic Electric - Electrician Contractor All Pro Doors - Doors Firetronics - Sprinkler System Used Kitchen Equipment (Various vendors) They have/will contribute financially through assessments, association fees, and individual purchases. Additionally, their motivational level will impact the level of success of any project at the Oceanside Inn. Establishment of a central customer rela management system will be critical for organization to stay connected to custom streamline processes, and improve profi CRM system, by design, is used to impr business relationships. Creating new revenue streams will allow for loans to be paid before anticipated time, reserves being created, and increasing the profit margin of the property. . It will be achieved by assisting in word-of-mouth marketing and the positive impression left on event attendees by the owner's ants/renters. Utilizing Banquet/Ballroom and Restaurant to establish brand awareness with SMERF groups, travelers, and high valued customers. On-site marketing through amenity brochures will provide staff and management to upsell creating additional revenue not currently available. Instill a higher sense of professionalism amongst staff and employees, raising the bar for the services that will be provided to the customer. Customer Relationship Management- Hotel will use established CRM to notify HVC of newly created amenity to prospect for sales. Cost Structure Revenue Streams The construction project was originally funded in full through assessments, Association dues, and profits provided by the owners. Since construction began there has been several pre-existing issues that have been uncovered in the construction process. Correcting these defects have drawn from the construction budget caused it to go over. Management will make all attempts to cross-level revenue streams and partnerships to offset the final parts of the project. Phase I is completely funded which will be considered complete when the newly renovated lobby is opened and the front desk operating in the new location. The Construction project will create new and increase current revenue streams from unused space upon creates an opportunity for the organization to seize market share from other areas of the hospitality indus not available. Below are some superficial streams and opportunities that would come from completion of Once in operation, it is projected that there will be very little increase in the fixed costs on the organization to operate the new space. There will be an increase in other sections of the Hotel due to an upsurge in customers seeking rooms or using the other amenities throughout the hotel. As the business plan evolves, the organization may look to increase restaurant employees & staff, build a catering division, or create a special event staff that handles the usage. Hiring additional staff will require an increase in cost but the bottom line should be increased by the newly created revenue streams. Raising the value of property rentals Creating new revenue through rental sales Creating new revenue through partnered business sales Creating new revenue through event hosting Increase revenue of tiki bar, bar, and restaurant through increased occupancy of the hotel Create a location and an opportunity to offer new amenities, not currently offered on-site, to customers a PROJECT SCOPE Planning Execution Quality PRODUCT SCOPE Features