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Kingston-Bryce Project Plan 1
8
PROJECT PLAN
Kingston-Bryce Project Plan
Rawda Ismail
Rasmussen College
Author’s Note
This paper is being submitted on July 8, 2020, for Ashley Cobb Section GEB3422CBE Business Project Management.
Table of Contents
Purpose of the plan………………………………………………………………3
Project Timeline………………………………………………………………… 4
Project description………………………………………………………………..6
Task milestones…………………………………………………………………...6
Stakeholders………………………………………………………………………7
References…………………………………………………………………………8
Purpose of the Plan
Kingston Bryce Limited is a renowned business of customized furniture. The business is doing great job and is thinking to acquire new business. This new business is of its competitor. The addition of this business to the main stream line will Increase the responsibility of the business. It will further enhance the capability of the business by having more workforce, technology and capital (Sligo, 2017)
The main purpose of this project is to ensure the feasibility of the acquisition. Meanwhile as a project manager, my major concern will be to keep all the stakeholders connected with the whole process, so that they can understand the reason, importance and scope of expansion along with having knowledge of their profit. Here the main stakeholders will be as given:
· Management
· Staff
· Employees
· Suppliers
· Distributors
This project will ensure their inclusion throughout the project's life.
At the same time it is also very much important to notify all the milestones of the project so that its feasibility can be made sure. The main purpose of this project is to develop a timeline. The timeline will include the whole procedure of the acquisition along with basic terms and conditions that will support its feasibility.
This timeline will capture every single factor regarding getting raw material, producing required products, maintaining quality, arranging for plant, machinery and adequate capital and at the end having an emergency plan of action. It must be kept in mind that the company which is ready to be involved in KBL is surely facing issues in meeting its projects. That is the main reason that the owners are willing to sell the specific organization (Thomos, 2018).
Project Timeline
|
Time |
Task |
|
From January 20- April 23, 2020 |
Being a project manager I will consider the workforce first of all. The new company will surely have its own staff, suppliers and vendors. My main concern will be to identify all of them and to relocate them according to their skills and experiences. Furthermore i will.have to.consider the workforce limit of KBL. It may happen that I will have to undergo the procedure of downsizing. But this will be the last option because KBL will have to hire more employees to complete the requirements of the customers and this will be a prolonged process. KBL wants to minimize the recruiting and staffing process.
|
|
From April 2020 – September 2020 |
Financial projections matter a lot in this acquisition and I will have to work on this factor on the next quarter. The company will surely experience additions in costs and here my major concern will be to estimate the costs with each addition in the costs because of inclusion of more employees. According to the projections the company will have to recruit staff three times more than it possesses now. It means that the costs will also increase in terms of making salaries and wages for them. Second important task for this quarter will be in the form of marketing and promotional activities. These promotional activities should be managed in a way that these should be enhanced the credibility of this acquisition along with delivering and optimistic message to general public. |
|
Completion September 2020- January 2021 |
At least the acquisition will take that much time to be completed as a whole and this time is as according to the specified timeline. |
|
Review From January 2021-April 2021 |
The corrective measures will be taken in this time period. At that time the process of acquisition will be completed. All the costs and projections will be done by that time. Now the whole procedure will be revised to.find out any issue within the project. In case of any issue or fault the necessary corrective measures will be taken by keeping in mind all the relevant possibilities so that it may not become a financial burden for the organization. |
Project Description
The project is describing the decision of board of directors of the company and the company is Kingston Bryce Limited. The board of directors is making plans to acquire a new company for the purpose of expanding the business. And this project is all about the details of that specific acquisition (Sligo, 2017).
Task Milestones
The company has made tremendous achievements in identifying a company that deals with the furniture as the company does. The rival company is willing to be absorbed by Kingston-Bryce Limited, and this is a recommendable job that the company has done. The next action is planning to acquire a rival company, and planning is underway. The company has made tremendous progress as far as the merger is concerned.
Stakeholders
The possible stakeholders will be as given:
· Management
· Workforce
· Staff
· Vendors
· Suppliers
· Distributors
References
Harris, J. L., Roussel, L. A., Dearman, C., & Thomas, T. (2018). Project planning and management. Jones & Bartlett Learning.
