...Project Proposal: Local Grind To Investors Investing PM592 – Summer 2011 Executive Summary When you think of coffee in the Northwest, most people know there is Starbucks and small coffee shops. Coffee shops have become a familiar feature of American communities, not only for the purchase of a morning cup of coffee and snacks, but for mid-day and evening as well. With the introduction of fancy espresso-based coffee and drinks, people are spending between $3 and $6 for their cappuccino, mocha latte, vanilla ice blended drink, or other flavored drink that may be coffee based. Privately owned coffee houses have been on the increase for over 20 years because they are relatively recession proof. Leading companies, such as Starbucks and Peet’s, are located in almost every major city in the US. Small unique coffee shops like the Local Grind are able to compete with these larger chains; they are able to develop competitive advantages by catering to the specific demographics of their location and by personalizing their services to cater local needs. Our goal is to provide quality coffee related services and products by capitalizing on an untapped demographic that has many potential un-serviced customer. To accomplish our goals, we are requesting $100,000 from your company, as an initial investment to set up operations. We plan to invest an additional 20% from our own resources, up front, for the start up operational costs. Local Grind is scheduled to open for business...
Words: 2591 - Pages: 11
...PM592 Week 1 You Decide Scenario VisionTec, an advanced technology company in the Midwest, is developing their new Vision System product for the lucrative Pharmaceutical Market. This system uses a high-resolution camera to inspect drug labels to ensure they contain the proper information to meet the ever evolving governmental standards. Your task is to organize the product development process for this revolutionary product which could save countless lives! Role You've just sat down with Marketing Director, Kara Rose, and R&D Director, Jessie Megana. After the standard pleasantries, Kara (well known to be focused on short meetings) starts with your marching orders Your task is to organize the product development process for this revolutionary product which could save countless lives. So, as Project Manager, you will create a Work Breakdown Structure (WBS) using the steps that Kara and Jessie have relayed during your meeting. Script Kara: The first thing VisionTec needs to do is establish Market Feasibility to determine if the product will be accepted by the market. The Marketing group will interview customers to determine current issues with label quality. Then industry groups will be consulted to determine trends in the market. Last, the Market will be tested to determine if the product could be sold for a suitable profit. Jessie: The Research group is unsure if they can develop a product which can match this market need. So, we will then do a proper...
Words: 654 - Pages: 3
...Troy Paine PM592, Professor: Chrystal Foster 6/07/2012 Course Project 2 Indoor Theme Park Project Executive Summary As we continue our project we need to look at where we are in order to determine where we are going. Currently our total project costs are $4,644,920.00 which is above our original baseline cost of $4,449,920.00 due to unforeseen increases in material costs. This $195,000 dollar increase in fixed costs has not placed a significant setback in our projects bottom line. We are currently half way through our project with 40% of our goals completed. Even though we are currently behind schedule by ($565,266.07) we will be able to make up the time and still finish our project by the date of 12/19/2008. We have our new estimate at completion of $5,039,790.43 and with the proper adjustments to our schedule we will be able to pull our completion date back into line. We should be able to keep the costs in line if not improve upon them by keeping a tighter day to day track of our progress and adding additional resources to tasks and shorten their duration. Overall this project is still within a margin of acceptance and will be operational and complete for its grand opening. Task Name | Fixed Cost | Fixed Cost Accrual | Total Cost | Baseline | Variance | Actual | Remaining | Theme Park Project | $0.00 | Prorated | $4,644,920.00 | $4,449,920.00 | $195,000.00 | $1,230,683.00 | $3,414,237.00 | Task Name | % Complete | Planned Value - PV (BCWS) | Earned...
Words: 2997 - Pages: 12
...PM592 On-line – Study Guide for Final Examination The final is an open book/open notes examination. The final includes nine questions, and is worth a total of 300 points. The sample problems here represent the types of problems that may appear on the final. There are solutions to the problems at the end. There will also be discussion problems. I have provided a list of the topics from which the discussion questions will be taken. On problems, please show all calculations when you complete the final. Problems: (TCO B) Three-point estimate: Problem (TCO B) Contingency Pricing: Problem (TCO G) Crashing: Problem (TCO C) WBS: Problem (TCO E) Resource Allocation/Leveling: Problem (TCO F, G) Earned Value/PMIS: Problem (TCO C) General Budget development, sensitivity: Problem Discussion topics: (TCO D) Accounting, PMIS, and Project Control (TCO A) Budgeting processes and techniques (TCO E) Resource Allocation Matrix (TCO F) Project Control Process (TCO F, G) EVM and EAC: Discussion: Terminal Course Objectives A Given the WBS and work packages develop an understanding of budgeting processes using top-down and bottom-up techniques. B Given the WBS and work packages, analyze the various cost estimating processes and investigate approaches used to justify and allocate contingency funds. C Given the project plan, develop budget estimates in appropriate categories including but not limited to labor, non-labor, overhead...
Words: 2741 - Pages: 11
...CP-2 Theme Park PM592 Project Cost and Schedule Control Oct 21, 2012 Introduction The construction of the new theme park project is laid out for 180 days of construction to finish. This project has a start Date of Monday April 4, 2008. The preliminary cost is $4,449,920.00 and with a completion date of December 19, 2008. The theme park will include a Ferris wheel, Rope course, Climbing walls, Carousel, Bowling, Go carts, and a Mini golf. The desired walk through date is December 18, 2008 with a grand opening on December 19, 2008. Executive Summary It has been 6 months since the start of the project and we now have 40% of the tasks complete. The actual cost so far to date is $1,230,683.00. There are many of the scheduled tasks behind in this schedule. The entire project thus far is behind schedule with a work performance index of .66 and 12% behind schedule. There are corrective actions that can get this project beck on schedule at minimal cost. This project should not be abandoned and should continue forward with the support of the investors. Schedule 1 This data is being supplied from MS Project. The WBS includes all work that has to be done to complete the project from start to finish. The current WBS includes all the data and baseline, review date and the current date is set to October, 1, 2008. The project start date is April, 14, 2008. Nearly 6 months into the project it is set at 40% complete. This shows the project is behind schedule. The...
Words: 3824 - Pages: 16
...Course Project 2 Keller Graduate School of Management PM592, Professor Marcus Williams, 20 February 2012 TABLE OF CONTENTS Executive summary 3 1. SCHEDULE #1 3 2. performance analysis 6 3. estimate at completion 7 4. control plan 10 5. revised estimate at completion 12 6. schedule #2 14 APPENDIX APPENDIX A – Schedule 1 APPENDIX B – Schedule 2 Executive Summary We are here to discuss the “Theme Park” project that we were set to complete. To date we are 40% complete with the project. We currently do not have any actual costs associated with the project so we can assume that they are in order. However, I think that we should still look into the matter since we were given a budget guideline to follow. The schedule on the other hand is an area that I am greatly concerned with. We have several tasks that are behind schedule. The entirety of the project is behind schedule and this is apparent with a PI (Performance Index) of 0.65. What this means is, for every $1 that we spend, we are running at an efficiency of $0.65. This is unacceptable. We must take action on these areas to increase our PI and make sure that our project meets all its deadlines. SCHEDULE #1 Given the scope of the project by the customer, we took the information and formatted it into a WBS (Work Breakdown Structure) and presented it back for customer buy-in. We developed the WBS using Microsoft Project, breaking it down into more manageable packages and into separate...
Words: 3856 - Pages: 16
