Prepare a business case for the Global Treps project. Assume that the project wi
ID: 378537 • Letter: P
Question
Prepare a business case for the Global Treps project. Assume that the project will take six months to complete, use many volunteer hours, and cost about $120,000 for hardware, software, travel, and labor. Use the business case template provided on the companion website for this text. Be sure to research information on the television show and events held by colleges, and other groups, which have been sparked by the need for more successful entrepreneurs. Also visit DonorsChoose.org to see how that site operates and look into steps for forming a non-profit organization. •Prepare a draft project charter for the Global Treps project. Assume that the project will take six months to complete and have a budget of $120,000. Use the project charter template provided in this text and the sample project charter provided in Table 4-1 as guides. You will be the project manager, and Dr. K. will be the project sponsor. Other team members will include Bobby, Ashok, Kim, and Alfreda. You plan to hold four shark tank like events plus develop the Global Treps site and application.
Explanation / Answer
Project Summary
Project name
How the project supports business strategies
Financial benefits
Initial value of the project
Global Treps:
participants
This project accepts donations from potential investors.
$180, 000
Change the Laws Campaign
This projects enables income to be distributed equally
$120,000
Wealthy Unite
Enables financial contributions from rich people.
$200,000
Global Smart Shoppers
Services produced by organizations that promote social responsibility.
Currently sell products or services in certain countries to expand to regions in need.
Bringing in financial resources from other countries so as to benefit needy regions
$250,000
From:
To: Management
Date:
Memo
Inequality in resource distribution has become a global issue that needs to be addressed. The society we live in is one that has 80 billionaires and 7.4 billion world population beggars. If inequality is to be realized, then resource distribution has to be equal. If the objectives of these projects can be realized, the issue of inequality can be addressed to some extent. Global Treps is a project that can be helpful since business are exchanged with many groups of investors
Creating a non-profit organization with one central mobile-friendly website/application to assist groups in organizing these types of events would spark even more entrepreneurs throughout the world. Change the Laws Campaign coming up with a global campaign to amend laws to reduce further income inequality and promote social responsibility is a good start. . Wealthy unite will as well come up with a system to enable the richest people in the world to provide their input resources to help reduce inequality. Global Smart Shoppers project is also good one that will help develop a mobile app and website that recommends products and services produced by organizations that promote social responsibility.
The total project cost for the three projects will be ($ 180,000 + $120,000 +$200,000+$250,000) = 750,000
Sign………………….
Date…………………..
Weighted Scoring Model
Rating Factor
Weight
Sample
Score
Weighted Score
Price Proposals of the four projects
0.15
4
0.60
0.20
3
0.60
0.30
3
0.90
0.35
2
0.70
0.00
1.00
2.80
Instructions:
Enter a score (0 to 5) in the each of the five evaluation criteria boxes:
0
Totally unresponsive, does not meet minimum requirements.
1
Well below average, barely meets minimum requirements.
2
Slightly below average, meets minimum requirements.
3
Average, meets minimum requirements, exceeds minimum requirements in some areas.
4
Above average, exceed minimum requirements in many or all areas.
5
Outstanding, far exceeds minimum requirements in most areas.
Review Committee:
Review Date:
8/9/2006
Business Case for the Global Treps
Units/Hrs
Cost/Unit/Hr
Subtotals
WBS Level 2 Totals
% of Total
WBS Items
1.1 Project cost
$120,000
15%
Hardware
1.2 Hardware
1.3 Software
Travel
Labor
1
1
1
1
$30,000
$30,000
$30,000
$30,000
$30,000
$30,000
$30,000
$30,000
$120,000
Total Project Estimate
$120,000
Project Charter
Majority of projects begin with a top-down approach, that’s to mean that you move forward from your initial goal and develop your plan. Even if you prefer to work backward from your drop-dead date, begin your charter from the top. Just like any nice story, you start at page one.
Structured management organization
Project manager: will be reasonable for coordinate activities
Project sponsor: Dr. K will be responsible for project funding
Other team members:
Other team members are tasked with the duty to overseeing project implementation once its complete.
Disciplined management processes
There are documents that are provided to the team members as well as other stakeholders that will enable them understand the project's parameters and ramifications.
Project scope
The project cost will be $750,000 and will take a period of six months.
The goals to be achieved along the way are:
Project management best practices
All the team members will get instructions from the project manager for assignments of tasks and duties. The project manger will also coordinate the duty of tracking progress and cost of the project. The documentation required is the project specifications in line with cost and time duration.
Internal/external communications
All the project team members will meet twice a week to discuss the project program and any requirements. This meeting will take place under the project manager and the members will be contacted via their mobile phones.
Change Request
References
· Kajko-Mattsson, M. (1999). Maintenance at ABB (II): Change Execution Processes (The State of Practice). Proceedings of the International Conference on Software Maintenance, 307-315.
· Keller, A. (2005). Automating the Change Management Process with Electronic Contracts. Proceedings of the 2005 Seventh IEEE International Conference on E-Commerce Technology Workshops, 99-108.
· Lam, W. (1998). Change Analysis and Management in a Reuse-Oriented Software Development Setting. In Pernici, B. & Thanos, C. (Eds.) Proceedings of the Tenth International Conference on Advanced Information Systems Engineering, 219–236.
· Loch, C.H. & Terwiesch, C. (1999). Accelerating the Process of Engineering Change Orders: Capacity and Congestion Effects. Journal of Product Innovation Management, 16(2), 145-159.
Project name
How the project supports business strategies
Financial benefits
Initial value of the project
Global Treps:
- Provide the ability for organizations to create their own custom site to solicit local
participants
- Entrepreneurs are able to present their business ideas in exchange of other ideas meant to foster entrepreneurship
This project accepts donations from potential investors.
$180, 000
Change the Laws Campaign
- It promotes social responsibility by changing laws to reduce income inequality and allow discussions on potential ideas to change laws
This projects enables income to be distributed equally
$120,000
Wealthy Unite
- Encouraging the richest people in the world to their input so as to make the world a better place and provides information on what people are currently doing.
Enables financial contributions from rich people.
$200,000
Global Smart Shoppers
- Develop a mobile app and website that recommends products and
Services produced by organizations that promote social responsibility.
- Work with large companies that do not
Currently sell products or services in certain countries to expand to regions in need.
Bringing in financial resources from other countries so as to benefit needy regions
$250,000