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Pm 592

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Project Proposal for Opening a Speciality Coffee Shop
CP1 – Project Proposal
PM592 – Project Cost and Schedule Control

Table of Contents
Executive Summary 3
Project Description 3
Work Breakdown Structure 4
Cost Estimates 5
Usage of Advanced Cost Estimating Techniques 7
Cost Assumptions 8
Financial Analysis including NPV 9
Project Schedule 9
Project Gantt chart 12

Executive Summary – This project proposal describes and presents task and cost details of a very exciting and profitable business opportunity, which is the opening of a new speciality coffee shop in a busy, commercial location of the town. There are many businesses already that are based on selling coffees and beverages, however this business aims to provide more than just a beverage and tries to create an ambience and experience based on the best even flavors and quality of coffee, in a small business and high personal relationship type of setting, to create a base of loyal customers that would make for a stable and steady business opportunity. In terms of project details, the concept is to create a speciality coffee shop, which delivers very high quality and friendly service in a highly populated and high traffic commercial area. The costs involved in starting out the project are $100,000 including set up costs of $75,000 and operating costs of $25,000. This business is expected to produce a profit of $5000 per month, and gives a NPV of $54,620 over three years. Assuming a project start date of 1st February 2013, the project would be operational by June 2013. Details on the exact costs, schedule, tasks involved in making this project a reality are discussed in detail in the remaining sections of this proposal.

Project Description - A coffee shop has always been more than a place to have a beverage. It is a place to socialize, ideate, have fun and meet new people. As Starbucks

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