BIS 430: Project Management Project Summary: Move a baking company’s fastest-gro
ID: 359629 • Letter: B
Question
BIS 430: Project Management
Project Summary: Move a baking company’s fastest-growing business to a larger building across town (from Humble, TX to Houston, TX). The location must accommodate a large kitchen, an ample storefront, and added space to meet with large clients. The location must be prime for foot traffic and parking. Some remodeling money is available to bring a prime location into an appropriate workspace. All equipment must be moved or replaced with newer baking technology. The new location and technology will require the retraining of employees prior to opening day. Training methods, timelines, and the opening day will be determined by the project manager. The move must be “marketed”, that is, communicated to current and potential customers in a way that is positive and increases business. The move must happen with minimal disruption to business and the bakery should not be closed for any significant period of time.
1. Develop the internal communication plan:
1. Stakeholder Analysis
2. Information Needs
3. Sources of Information
4. Dissemination Modes
5. Responsibility and Timing
2. Create Agenda
As project manager, you are to hold a status meeting every two weeks. Develop a detailed meeting agenda for the second status meeting. To ensure complete understanding of the meeting topics, use an outline format, with at least FIVE main topics, each followed by TWO or more sub-topics. This level of detail will provide enough information for attendees to prepare for the meeting.
Explanation / Answer
Major types of costs are:
Transportation costs: Incurred in making the furniture and other infrastructure from one location to another.
Setting-up costs: Initial cost that is incurred such as electricity, ACs, working equipment etc.
Planning costs: That happens before the shifting; people at the helm of affairs invest their time in planning the shifting.
Rent and increased infrastructure cost: Larger office demands more infrastructure and increased rent.
Opportunity cost
Controllable costs are Labor costs, infrastructure (furniture etc.) and planning costs because they can set a fixed budget and can alter in case the expenses go out of control. Controllable costs are the costs that can be used as an advantage for the organization.
For Example: In case the budget goes out of control then organization can hold the labor costs by not employing more people. Alibaba did the same when it was expanding in western part of the world.
Accurate estimates are really critical as it ensures that cost and resources are optimally utilized and accurate planning can be done. The organization can get a fair idea of what amount of costs would be involved and what is the way forward, it can then estimate that what would be the revenue and in turn profits earned.
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