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Benchmark - Kitchen Heaven Project Case Study (Part 5)

Summary  566 Words

Template ObjectivesSuccess MeasuresVerificationAssumptions Goal:To reach Goal: To launch the 50th Kitchen Heaven Branch which will be in Collorado Springs 6 months from now.1. The 50th store of Kitchen Heaven will be opened 120 days after the commencement of the project. 2. The store will have 1,500 square feet size that will be adequate to serve all customers and have enough storage shelves for a variety of products.1. Checking the completion date of the project, whether it matches with the planned date. 2. Measurement of the square area covered by the new store.Kitchen Heaven will have to have a detailed plan on the construction and layout of their stores. The company has enough resources to complete the project within the stated time. Project team is highly motivated and goal oriented Purpose:To reach Purpose: To reach a wider market and fuel more sales through the opening of the New Retail Store in Colorado.1. Kitchen Heaven will strategically place their 50th store in an area that has more population. 2. The store in Colorado is well stocked when it is opened so that customers can have access to wide variety of goods. 1. Assessment of the location factors and assessing whether the location is ideal for the company. 2. Ensure the store has adequate stores that are well stocked with variety of products.A lot of effort will be put into researching the demographic factors of the new location to find an ideal place for the new store. Colorado springs has a huge market for kitchen products. The competition in the market is not high. Outcomes:To produce Outcomes: 1. Increased demand for products in Colorado. 2. Improved Brand awareness in Colorado and an increased footprint of the business in the kitchen utensils industry. 3. Increased overall sales in Kitchen Heaven Outcome 1 1. kitchen Heaven has a high demand compared to the demand in the previous years. 2. Demand for the products which are sold by Kitchen Heaven is higher when compared to the demand of competitors in the market. Outcome 2 1. More customers are aware of the products sold by Kitchen Heaven. 2. Customers trust that the quality of the products sold by the business is optimum. Outcome 3 1. Percentage annual growth in sales goes up. 2. Sales are higher compared to the sales in the previous years.1. Monitoring demand for products sold by the business before and after opening the Colorado retail store. 2. Market survey on brand awareness. 3. Checking sales records for the business.There are many people that do not know about Kitchen Heaven in Colorado. More people in Colorado are willing and able to purchased kitchen households from the business. Colorado Springs market is open to trying new products from a new company. The consumers are willing to take up market surveys. InputsTo obtain & manage Inputs: To ensure that the project has adequate resources to run the projects and complete it within the scheduled time.Project budget & ScheduleProject documents such as Gantt chart, WBS, Resource management plans e.t.c1. The project schedule is known to the project team. 2. The project budget is sufficient to acquire the resources needed. 3.Supplier contracts are available to govern relationship with company. 4. Expertise of the project team is high. 5. Proper human resources management. Action StepsResourceBudgetDue Dates Advertisement of the new retail store Conducting market survey for the retail store Ensuring that the productivity of the new retail store is high

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