Please complete the below format for a Project Charter. The project is building and opening up an average sized 24 hour coffee shop.
Any help is much appreciated! Thank you in advance.
Project Charter:
Background:
Objectives: * At least ten of them*
Scope
Client |
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Sponsor |
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Project manager |
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Project team members |
Project Milestones
Event |
Begin |
End |
Progress |
Project Budget
Category |
Description |
Estimated Cost |
0 |
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TOTAL |
Risks
Category |
Description |
Probability Estimation |
Revenue Estimation |
Total Estimated Financial Risk |
TOTAL |
Approval Signatures
The required Project Charter is shown below.
Background: The coffee shop business is way too familiar with mainstream America. Examples include Starbucks, Dunkin Doughnuts and numerous local coffee shops. Even though the coffee business is billions of value, there is no dearth of customers to serve.
The city of Chicago offers a vastly diverse demographic urban population for "Costa Coffee Cafe" to begin its operations.
Costa Coffee Cafe aims to capture a significant market share from the competitors by creating an unparalleled customer service experience including a unique atmosphere designed to enhance the senses of its customers.
Objectives:
1. To become selected as the "Best New Coffee Shop in the area" by the local restaurant guide within the first 3 months of operation
2. To offer the best in quality and vast varieties of coffees, teas, espresso drinks, and other accompaniments at all times to everyone
3. To maintain 65% gross margins
4. To turn in profits from the first month of operation
5. To aspire for quality and character in all product and service offerings
6. To provide first-class customer service that is prompt, friendly and efficient
7. To continuously strive to innovate new varieties of coffee to attract diverse customers
8. To provide customized offerings to our customers enhancing their experience
9. To strive to maintain long term relations with our customers
10. To maintain high-quality standards including food accreditations
Scope: The project scope involves the following:
i) To secure investment from investors
ii) To secure land for construction of the shop
iii) To facilitate construction of the shop
iv) Marketing of shop to the local Chicago residents
v) To ensure smooth functioning of the shop
vi) To ensure profits from the first month of operations
vii) To ensure high-quality standards and ethical practices
Client: Banks providing loans, Customers (local as well as from other states)
Sponsor: Funding for the company comes from two major sources--owners' investments and bank loans. The major owner with his partners has contributed $100,000.The remaining $80,000 needed to cover the start-up expenses and assets came from the two bank loans--a one-year loan in the amount of $30,000 and a long-term (five years) loan of $50,000.
Project Manager: Mr. Alex Ferdinand
Project Team Members: Mrs. Alexa Hailey, Mr. Diego Rodriguez, Mr. Donald Hernandes, Mr. Ivan Thomas
Project Milestones: These are mentioned as below
i) Approval of Project Charter
ii) Approval of Project by Project stakeholders: Financial and stakeholder analysis is presented to all the members
iii) Completion of Project Plan
iv) Approval of Project plan
v) Hiring of required personnel
vi) Initiation of Project Plan: Signature of all stakeholders
vii) Mid-Project Review: To include any business changes if required
viii) Project Completion: Outcome of the project documented for review
Event Progress (with Delivery dates)
Business proposal: April 15
Financial Analysis: April 30
Interior Design: May 15
Lease Agreement: May 30
Marketing Proposal: April 30
Coffee shop furniture: June 2
Kitchen Appliances: June 2
Coffee, Tea equipment: June 2
Office Furniture: June 10
Point of Sales System: June 15
Training: June 30
Non-perishable items: July 15
Perishable Items: July 30
Store manager employed: August 5
Store Staff employed: August 5
Operations begin: August 6
Project Budget: $180,000
Legal Expense $3000
Marketing Promotion $3500
Consultant fee $3500
Labour Expense $30000
Operating Capital $60000
Start-up inventory $20000
Equipment $60000
Risks:
i) To secure investment from the banks
ii) Approval of project charter by stakeholders
iii) Meeting deadlines
iv) Exceeding the budget
v) Changes in project requirements
vi) Hiring competent staff
vii) Failing to meet quality standards
Revenue Estimation:
Sales 1st Year 2nd Year 3rd Year
Coffee beverages $400000 $450000 $500000
Coffee beans $60000 $65000 $70000
Other items $35000 $55000 $80000
Total Sales $495000 $570000 $650000
Approval Signatures: From all the stakeholders (Owner, Project Manager, Sponsors-Bank Officials, Consultant, etc)
Please complete the below format for a Project Charter. The project is building and opening up...
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