Cmgt410 V20global Treps Scenariocmgt410 V20page 2 Of 2global Treps S ✓ Solved
CMGT/410 v20 Global Treps Scenario CMGT/410 v20 Global Treps Scenario Note : Refer to the following scenario for the Wk 2 Team – Apply: Creating a Scoping Document assignment and Wk 4 Team – Apply: Scrum Board assignment. You have been selected as the project manager for the Global Treps project. You helped to run a local Shark-Tank-like event at your college last year as part of a class project, so you have a general idea of what is involved. The schedule goal is 6 months, and the budget is 0,000. Your favorite professor, Dr.
K., and a few of her associates have agreed to fund the project. Your strengths are your organizational and leadership skills. You are a senior who lives on-campus and gets free room and board by being a resident assistant in your dorm. Bobby, a computer whiz who funded most of his college expenses by building websites, will be your main technical guy on the project. He goes to your college and lives off-campus.
Three other people will form your core project team: Kim, a new college grad now working for a nonprofit group in Vietnam; Ashok, a business student in India; and Alfreda, a student in the United States planning to visit her home town in Ethiopia for 2 months in a few months. You will hold most meetings virtually, but you can meet face-to-face with Bobby and Dr. K. as needed. You have all known each other for at least a year and are excited to make this project a success. You and your team members will do the work part-time while you finish school or work at other jobs, but you can use up to ,000 total to pay yourselves.
You estimate that you will need another ,000 for travel expenses, ,000 for hardware and software, and the other ,000 will go toward organizing events, consultants, legal/business fees, etc. Your goal is to develop a fully functioning website and test it by holding 4 events in 4 different countries. You’ll make improvements to the site after those events, develop plans to scale it up, and recommend how to transition the project results into a successful business. Recall from Chapter 4 that this system would include the following capabilities: · Provides guidelines and templates for running a Shark-Tank-type event · Provides guidelines and templates for running a Shark-Tank-type event · Accepts donations from potential investors targeted toward specific schools or organizations wishing to host an event (similar to the popular site, where people can fund teachers’ requests) · Accepts ideas for needed new products or services · Provides the ability for organizations to create their own custom site to solicit local participants and sharks, accept applications, and promote the winners as well as losers.
Note that you decided not to include the idea of providing an online version of the event as part of the initial project as your sponsor and team decided that physical events would be most effective. You have also decided to limit the scope of this first project to provide the ability for 20 organizations to create their own custom websites. Your team members will screen the organizations and assist people in using the site to plan their events. You plan to hold 4 Shark-Tank-like events within 4 months, using your team members abroad to help organize and run those events, plus 1 at your college. Your semester has just started, so you plan to hold your event at the end of the term.
The project will fund refreshments for the events and prizes for the winners, with a budget of
,000 for each event. You don’t think you’ll get any donations via the new website before these events, but you’ll try to have it set up to accept donations by the last month. You will create some short videos to show people how to use the site and provide suggestions for holding the events. After testing the site and getting customer feedback, you will make some changes and document recommendations for a follow-on project. You will also create a business plan recommending how to transition this project into a real business that can make a profit after 2 years.Assume that you would pay for a new website and account through an online provider. Bobby would do most of the customization/programming for the site, but you would consider outsourcing or purchasing services to provide some of the capabilities like accepting donations and developing the short videos on the site. You would also buy a new laptop and Internet access for your 3 team members abroad so that they could share information with their contacts in those countries. You and Dr. K. want to attend all of the events as part of the project, and you might include a full face-to-face meeting with the whole team if possible.
CMGT/410 v20 Scope Statement CMGT/410 v20 Scope Statement Project Title: Date: Prepared by: Project Justification: . Product Characteristics and Requirements: 1. 1. 1. 1.
Product User Acceptance Criteria: Summary of Project Deliverables Project management-related deliverables: business case, charter, team contract, scope statement, WBS, schedule, cost baseline, status reports, final project presentation, final project report, lessons-learned report, and any other documents required to manage the project. Product-related deliverables: research reports, design documents, software code, hardware, etc. 1. 1. 1. 1.
Paper for above instructions
Project Title: Global Treps Initiative
Date: October 26, 2023
Prepared by: [Your Name]
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Project Justification:
The Global Treps project aims to leverage the innovative spirit inherent in Shark Tank-type events to foster entrepreneurship among students worldwide. By establishing a platform for local organizations to host these events, the project fosters entrepreneurial creativity and allows access to funding opportunities. This initiative not only benefits participants by potentially providing funding for their business ideas but also fosters a culture of innovation and entrepreneurship among students.
The project is justified by the growing necessity for entrepreneurship education in global academic institutions and aims to create a space for students from diverse backgrounds to propose and fund their innovative ideas (Kelley et al., 2020). Additionally, this project brings together an international team to work collaboratively, furthering the educational experience of all individuals involved.
Product Characteristics and Requirements:
1. Guidelines and Templates: The website must provide comprehensive guidelines and templates for running an event efficiently, taking into account regional differences in culture and funding norms.
2. Donation System: The platform must be secure and capable of accepting donations, specifying designated recipients, which enhances functionality similar to crowdfunding sites like GoFundMe (Bennett, 2020).
3. Event Participation Module: Organizations must be able to create custom pages for their events, allowing them to solicit applications from participants, promote their events, and report on results.
4. Video Resources: The website must host instructional content, including short videos on how to utilize the website, as well as best practices for organizing events.
5. User Interface: The website should feature an intuitive interface that is user-friendly for varying levels of tech-savviness, particularly focusing on students internationally.
6. Security and Compliance: The platform should ensure the confidentiality of user data and comply with international data protection regulations such as GDPR.
7. Testing and Customer Feedback: After the initial events, the platform must incorporate a mechanism for receiving feedback to further refine features based on actual users' experiences.
Product User Acceptance Criteria:
- Functional Requirements: Must fulfill all the outlined product characteristics, operating without major bugs during user testing.
- User Satisfaction: At least 80% of the users should report a positive experience when using the platform during events and providing feedback.
- Usability Testing: The system must pass usability testing with diverse user groups, confirming that it meets user needs across varied demographics and tech proficiency.
- Security Compliance: Must comply with data security and privacy regulations, passing all audits aimed at identifying vulnerabilities.
Summary of Project Deliverables:
Project Management-Related Deliverables:
- Business case
- Project charter
- Team contract
- Scope statement
- Work Breakdown Structure (WBS)
- Schedule
- Cost baseline
- Status reports
- Final project presentation
- Final project report
- Lessons-learned report
Product-Related Deliverables:
- Research reports outlining market needs and user preferences
- Design documents detailing the website architecture
- Software code used for the website
- Computed software and hardware resources (servers, hosting services, etc.)
Work Breakdown Structure (WBS):
1. Project Initiation
- Stakeholder identification
- Team formation
- Initial meeting for vision alignment
2. Platform Development
- Design of website architecture
- Development of website features
- Implementation of secure donation systems
3. Event Planning
- Securing locations for the four events
- Coordinating with local teams to set up events
- Promotional materials for event marketing
4. Testing Phase
- User Testing for website functionality
- Gathering feedback from initial users
- Modifications based on feedback
5. Finalization
- Publishing the final version of the website
- Preparing documents for transitioning to a business
- Conducting a closing meeting to evaluate project success
Schedule:
The project will span six months, aligning carefully with academic schedules:
- Months 1-2: Website Development phase with regular team engagements to monitor progress.
- Month 3: Testing the site with beta users, collecting feedback, and making iterative improvements.
- Months 4-6: Event hosting, refining operations based on feedback, and initiating business transition discussions.
Budget Allocation:
- Personnel Costs: ,000 (for part-time team member wages)
- Travel Expenses: ,000
- Hardware and Software: ,000
- Operational Costs: ,000 (Events and incidentals)
Conclusion:
This scoping document provides a framework for managing the Global Treps project, ensuring alignment among team members and facilitating a focus on critical aspects that will lead the project towards a successful launch. The documented characteristics, deliverables, and outline for future scaling will aid in achieving project goals while fostering entrepreneurship worldwide.
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References:
1. Bennett, N. (2020). Crowdfunding as a Tool for Building Entrepreneurial Ecosystems. Small Business Economics, 54(3), 657-676.
2. Gunter, R. (2022). The Role of Online Platforms in Entrepreneurial Innovation. Journal of Innovation and Entrepreneurship, 11(1), 52-76.
3. Kelley, D. J., Singer, S., & Herrington, M. (2020). Global Entrepreneurship Monitor: 2019/20 Global Report. Global Entrepreneurship Research Association.
4. Rispin, K. (2022). Event Management in the Age of Digital Entrepreneurship. Event Management, 26(1), 45-59.
5. Schøtt, T., & Kew, P. (2021). Global Entrepreneurship Monitor: 2020/21 Women’s Entrepreneurship Report. Global Entrepreneurship Research Association.
6. Shane, S. (2018). The Illusions of Entrepreneurship: The Costly Myths that Entrepreneurs, Investors, and Policy Makers Live By. Yale University Press.
7. Van der Ploeg, R. (2022). The Relation between Local Events and Entrepreneurship Development. International Journal of Entrepreneurial Knowledge, 10(2), 20-32.
8. Wang, F., & Hu, Y. (2020). Cross-Cultural Collaboration in Digital Entrepreneurship: Challenges and Opportunities. Journal of International Business Studies, 51(5), 815-832.
9. Wu, J., & Chen, Y. (2023). Global Entrepreneurship Development: A Cross-National Analysis. Academy of Management Perspectives, 37(2), 245-260.
10. Zhan, J. (2021). Enhancing Online Presence for Entrepreneurial Success: Lessons from Digital Startups. Entrepreneurship Theory and Practice, 45(3), 555-580.