Project Review (Essay Sample)

Project Review
Name
Institution
Importance of the Project and its Goals
The goal of the project is to tap an open opportunity in the hospitality industry. It is a suitable business enterprise owing to the fact that the location is not saturated with similar establishments. The large numbers of people who access the area serve as the target customers. The preferred location will be in Wellington’s Murphy Street. The enterprise will take advantage of the availability of many professionals in the area. The management is likely to maximize the profits because there will be no cost of rent. The management aims at growing the café’s capacity in the busy Murphy Street. It will have a competitive advantage over other cafes because not many of them specialize with assorted beverages. The project is important in that it will generate revenue to the local government and create employment for the jobless youths.
Project’s Scope and Portfolio’s Implication/ Issues in Project Management
The café will occupy a space of 1000sq. ft and it will require an initial capital of six million United States’ dollars. It will cover costs such as purchasing the land, and all the costs that will accrue to the project. The café’s design will adopt the image of a classic coffee house. It is estimated that the project will take a maximum period of eight months. The duties of the project manager will include overseeing the progress of the projects as well as making sure that it does not exceed the expected time.
Projects Structure and Work Breakdown
The work breakdown structure is the formal organization of the operations. It involves setting up a time schedule to estimate the time that it may take. It breaks down the steps into easy and cohesive tasks. This helps the project manager to give more close attention to the process to avoid probable loopholes.
Figure 1.1 A shows the work structure
Serial number

Duty

Number of days

Commencement date

Completion date

predecessor

1.0

Purchasing land

30 days

5/5/2014

4/6/2014

0

1.1

Completion of the legal processes

21 days

5/6/2014

16/6/2014

0

1.2

Formalities in the legal spectrum

5 days

17/6/2014

22/6/2014

0

1.3

Meeting with regulatory authorities

5 days

23/6/2014

28/6/2014

0

1.4

Attainment of the operation licence

30

29/6/2014

29/7/2014


Once the management obtains a license to start up the enterprise, they embark on a market survey to fix all the loopholes. They conduct extensive study on the various designs in the market and the diverse interior décor that could fit the café’s inner organization.
Various Phases of the Project
Phase One
Phase one involves the designer stage where a designer crafts both exterior and interior décor of the proposed cafe. In this phase, it is only the top management that has the highest level of engagement as opposed to other departments. Once the management is satisfied with the interior décor, the project moves of to phase two.
Phase Two
In this phase, the management hires some employees to help in the project execution. They perform duties such as short listing of distributors and suppliers. The management may even train employees to align them to their future duties at the café
Phase Three
In phase three, the management will test the quality of expected services. Once they are satisfied that the services will meet the expectations of the customers, they may authorize the commencement of the café’s operations.
Gantt Chart
Constraints
There are three constraints that are likely to trouble the investment. They include the operational cost through resources and investment. The time schedule is the other constraint while scope alongside quality is the third one. These factors have a certain degree of interdependence. For instance, if the project stretches the time schedule, then the budgetary allocation will also fluctuate.
Time
The time when the café starts its operations depends on the procedural requirements and their complexity. Time is an aspect that is directly proportional to the operating costs. If it exceeds the cost of labour, the management will incur higher costs. Timing is important because it determines the success r failure of the enterprise.
Cost
If the project’s cost exceeds the budgetary allocations, it affects all the factors...