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Introduction to Project

Describe about the Project Plan for a Company Retreat to Another Country.

Company Background

The selected organization (company) is Aetos Engineering that deals with design and engineering in aircrafts. It is a business organization that has extensive business system in the native country and is now looking to retreat to some other country as part of the business strategy. The company has been very successful in the native country and now wants to retreat to another country in order to get access to global market. The company has chosen to retreat to Australia first and if the move is successful, they will consider retreating to other countries. However, before retreating to some other country, some project planning is necessary so that the system can be installed in time before the start of business in the new country. As per the requirement of the company, a project plan has been prepared.

The project is based on the preparation and design of a system plan that the company needs to retreat to another country. In order to complete the retreat successfully, the company needs a proper project planning that must be followed step by step. The tasks of the project are as follows.

  • Selection of a suitable country for retreat (in this case, the country selected is Australia)
  • Analysis of the existing market and competitions in Australia
  • Total budget estimation and cost benefit analysis for the purpose of retreat
  • Stakeholder analysis for estimating the total number of people to be involved in the project
  • Analysis of the existing law, government policies and business guidelines in the Australia
  • Risk analysis and mitigation

The 6-point checklist is as follows.

Project Scope

Verification

Project Objective

Done

Deliverables

Done

Milestones

Done

Technical Requirements

Done

Limitations and Exclusions

Done

Customer Review

Done

The primary objective of this project is preparation and designing of a system for the company that will help in the retreat to the chosen country. The company, Aetos Engineering deals with engineering of aircraft designs and wants to retreat to Australia in order to gain access to the global market and global popularity. The brief explanation of the objectives of this project is provided below:

  • To choose a suitable country for relocation
  • To analyze the existing conditions of the country – political, judicial, social and commercial
  • To analyze the risks accompanying the project
  • To install necessary hardware systems in the retreat office
  • To design and implement a suitable data warehouse for storage and operation of business data
  • To connect the data warehouse with the native business headquarters
  • To initiate the new system in the selected country

The deliverables of the project are as follows.

  • Selection of a suitable site / country for retreat
  • Complete analysis report on the market conditions in the selected country
  • Complete risk analysis report
  • New office building for the retreat
  • New hardware systems for business operations
  • New data warehouse for storage and management of business data
  • Established connection between the retreat office and the main headquarters

The estimated project milestones calculated from the initiation of the project are as follows.

A list of countries of retreat prepared – 10 days

Market and other factors analyses – 2 months

Risk analysis – 1 month

Selection of the country for retreat – 5 days

Cost estimation – 15 days

Resource allocation and funding – 1 month

Infrastructure planning, setting up of retreat office – 1 year

Hardware implementation – 3 months

Software and data warehouse implementation – 1 month

Establishment of connection between the offices of the two countries – 15 days

System initiation – 1 month

Following are the technical requirements for the project.

  • The business must comply with the legal policies and guidelines of the country in which the retreat is planned.
  • The installed hardware systems must be upgraded to latest technology in order to manage the business efficiently.
  • The data warehouse system must be up to date and must support business operations and data management.
  • The company must comply with business guidelines and the retreat must provide significant cost benefits in order to ensure success of the project.

Limitations

The following are the project limitations.

Description of the Project

Although an external analysis is conducted on the selected country, the exact conditions cannot be known accurately before actually initiating services in the country.

This project plan only deals with the discussion of scope and estimation of resources. Actual project plan should be prepared with more information and estimations.

The resource details are only rough estimations. More modifications are required with changing scopes and design of the system.

No stakeholder plan is provided in this part of project plan.

The data provided in this project plan will change with changes in project plan and the dynamic market of the new country.

The exclusions of the project are as follows.

× The share market condition and the company’s entry in the share market of the selected country are excluded from this project plan.

× The outsourcing and employment policies for initiation of services in the new country are excluded from this project plan.

× Only a brief idea of estimated resources has been provided, resource management plan has been excluded from the project plan.

× New business policies have been excluded from the plan.

× The selection of hardware and software vendors and their implementation steps have also been excluded.

Customer review is an important part of any business as the production and innovation is dependent on customer satisfaction. Now, for retreating to another country, international customers come into play. Before the project, an analysis of the social background of the company is to be conducted in addition to market analysis for understanding the demands of products and customer commercial trend. After initiation of business, the company should start a customer review system in order to know what the customers like and dislike about their products or services. The company should revise its policies and business products in accordance with the customer reviews in order to enhance the existing business system of the company. This will ensure the success of the business retreat of the company to another country.

Project/Selection Criteria

Cost

Scope

Time

 

Weight:

8

7

6

Total

Company Relocation

8

6

8

 

(8*8=) 64

(7*6=) 42

(6*8=) 48

(64+42+48=) 154

Analysis of the Foreign Market

5

6

4

 

(8*5=) 40

(7*6=) 42

(6*4=) 24

(40+42+24=) 106

Architecture Development

9

6

8

 

(8*9=) 72

(7*6=) 42

(6*8=) 48

(72+42+48=) 162

Resource Investment

10

7

10

 

(8*10=) 80

(7*7=) 49

(6*10=) 60

(80+49+60=) 189

This project priority matrix has been used to represent the primary four areas that are required for the project. These four parts are market analysis, investment, infrastructure and relocation projects. There should be at least three success criteria for the project having different weightages. The three main success criteria are “cost, scope and time”. The weightage for the success criteria should be as follows.

Project Cost – 8

Project Scope – 7

Project Time – 6

The effects of the chosen success criteria will depend on the priorities estimated in the project and the project has to be executed accordingly.

Task No

Task Name

No of Days

1

Project: Company Retreat to Another Country

1005 days

1.1

   Project Initiation Phase

100 days

1.1.1

      Requirement Analysis

30 days

1.1.2

      Feasibility Testing

30 days

1.1.3

      Selection of Country

10 days

1.1.4

      Estimation of Costs and Expenses

30 days

1.2

   Project Planning Phase

150 days

1.2.1

      Preparation of Project Plan

30 days

1.2.2

      Scheduling of Project Duties

15 days

1.2.3

      Allocation of Resources

30 days

1.2.4

      Preparation of Communication Plan

15 days

1.2.5

      Land Selection in the Retreat Country

60 days

1.3

   Execution phase

430 days

1.3.1

      Development of Abroad Branch

180 days

1.3.1.1

         Architecture Planning and Design

60 days

1.3.1.2

         Resource Collection

30 days

1.3.1.3

         Location Blueprint Preparation

30 days

1.3.1.4

         Development of Communication System

30 days

1.3.1.5

         Development of a new Business System

30 days

1.3.2

      Implementation Phase

250 days

1.3.2.1

         Implementation of the Resources

60 days

1.3.2.2

         Development of Business Plan

60 days

1.3.2.3

         Implementation of Software and Data Warehouse

90 days

1.3.2.4

         Market Analysis System Development

30 days

1.3.2.5

         Connection of the Data Warehouse with Central Headquarters

10 days

1.4

   Closing Phase

150 days

1.4.1

      Creation of Communication Link between New Branch and Headquarters

10 days

1.4.2

      Employee Training and Recruitment

90 days

1.4.3

      Business Data Warehouse Maintenance

50 days

 WBS of the Project

Figure: WBS of the Project

(Source: Created by Author)

 Gantt Chart

Figure: Gantt Chart

(Source: Created by Author)

Cost Estimation Table

Project Activity

Estimated Cost

Location Survey and Selection

$20,000

Land Purchase

$100,000

Architecture Development

$100,000

Implementation of Necessary Hardware

$50,000

Implementation of Software

$50,000

Communication Set Up

$10,000

Training of Recruits

$20,000

Project Name

Monthly Timeline

Month 1

Month 2

Month 3

Month 4

Month 5

Notes:

Location Analysis

-$10,000

-$10,000

 

 

 

Selection of location for retreat

Resource Investment

 

 

$100,000

$100,000

$150,000

Investment on project fund

Architecture Development

 

 

-$50,000

-$150,000

-$150,000

Development of building, hardwares and softwares

Business Initiation

 

 

 

 

-$50,000

Initiation of Business

System Testing

 

 

 

-$5,000

-$2,500

Testing of market, hardware and software

Project Start Up

 

 

 

 

$200,000

Total Capital

Recruitment and Training

 

 

 

-$10,000

 

Training and recruitment of new employees

Payment of Wages

 

 

 

 

-$25,000

Wage payments

Profit  (Estimated)

 

 

 

 

$50,000

Profit from the 1st month of the business

Month 1

Month 2

Month 3

Month 4

Month 5

 

Totals:

-$10,000

-$10,000

$50,000

-$65,000

$172,500

Total balance of each month

Cumulative Total:

-$10,000

-$20,000

$30,000

-$35,000

$137,500

Available balance after each month

 

Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA.

Fitzsimmons, J., & Fitzsimmons, M. (2013). Service management: Operations, strategy, information technology. McGraw-Hill Higher Education.

Greenberg, B. N., & Jetton, S. M. (2013). U.S. Patent No. 8,352,341. Washington, DC: U.S. Patent and Trademark Office.

Grefen, P., Pernici, B., & Sánchez, G. (Eds.). (2012). Database support for workflow management: the WIDE project (Vol. 491). Springer Science & Business Media.

Heagney, J. (2012). Fundamentals of project management. AMACOM Div American Mgmt Assn.

Kerzner, H. R. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Leach, L. P. (2014). Critical chain project management. Artech House.

Lock, M. D. (2014). The essentials of project management. Ashgate Publishing, Ltd..

Marchewka, J. T. (2014). Information technology project management. John Wiley & Sons.

Schwalbe, K. (2015). Information technology project management. Cengage Learning.

Turner, R. (2016). Gower handbook of project management. Routledge.

Walker, A. (2015). Project management in construction. John Wiley & Sons.

Cite This Work

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My Assignment Help. (2018). Project Plan For A Company Retreat To Another Country - Aetos Engineering Essay.. Retrieved from https://myassignmenthelp.com/free-samples/project-plan-for-a-company-retreat-to-another-country.

"Project Plan For A Company Retreat To Another Country - Aetos Engineering Essay.." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/project-plan-for-a-company-retreat-to-another-country.

My Assignment Help (2018) Project Plan For A Company Retreat To Another Country - Aetos Engineering Essay. [Online]. Available from: https://myassignmenthelp.com/free-samples/project-plan-for-a-company-retreat-to-another-country
[Accessed 30 May 2024].

My Assignment Help. 'Project Plan For A Company Retreat To Another Country - Aetos Engineering Essay.' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/project-plan-for-a-company-retreat-to-another-country> accessed 30 May 2024.

My Assignment Help. Project Plan For A Company Retreat To Another Country - Aetos Engineering Essay. [Internet]. My Assignment Help. 2018 [cited 30 May 2024]. Available from: https://myassignmenthelp.com/free-samples/project-plan-for-a-company-retreat-to-another-country.

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