business

Running head: PROJECT MANAGEMENT PLAN AND IMPLEMENTATION

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BEGINNING A PROJECT

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Project Title: Global Treps Scenario

Date: 12/16/2020 Prepared by: Learning Team 2

Project Justification:

Team 2 will develop an operating website with software and test the site. The objective for the website will be tested by hosting four events in four different countries. Additionally, we will analyze and design the website with software. The objective is to provide the ability for organizations to create their own specific custom site to solicit participants. In example, as the Shark Tank show model.

Our team’s plan for the website is to have a fully functional website that will store all the information for everybody that wants information about the event. On our website, it will include an investor section for future investors that would want to invest in our site directly. Our website will also allow companies to create their website to attract clients or sharks and applications and showcase winners. On our website, it will also suggest new services and products for the customers.

The project scope will consist of the following: Initiating, Planning, Executing, Monitor and Control and lastly the final close of the events. We will utilize the Agile methodology.

Product Characteristics and Requirements:

1. Successful operating software

1. Successful implementation of website

1. Ability for potential investors to make

1. User friendly application

Product User Acceptance Criteria:

The product will have a fully operating website with software. The product must also accept donations from potential investors. Including, an open category for viewers to provide ideas, suggestions for new products or services. The site will have the capability to solicit local participation and acceptance as mentioned above to promote the Shark Tank experience model. The website will also continue to promote the champions and losers.

Summary of Project Deliverables

Project management-related deliverables: business case, charter, team contract, scope statement, WBS, schedule, cost baseline, status reports, final project presentation, final project report, lessons-learned report, and any other documents required to manage the project.

Scope Statement: available as outlined.

Business Case:

Shark Tank Events: The website will contain a section on hosting Shark Tank events. The section will speak about how to host the event as well as instructions on setting up the event. There will be documents and templates to aid in setting up and hosting the event (University Innovation Fellows, 2020). The project will include hosting 4 of these virtual shark type events in 4 different countries. The team will host one at the college. Another shark tank event will be hosted in Kim’s country, who lives in Vietnam. There will be an event hosted in India, and the final event will be hosted in Ethiopia (University of Phoenix, 2020).

Business Plan- See below:

Global Treps Project

Business Plan

Prepared By:

Bobby, Kim, Ashok, Alfreda

Los Angeles, California

Business Description

The company was formed on 12/15/2020 as C-Corporation under California State Laws and Headed by Bobby, Kim, Ashok, and Alfreda.

Business Mission

Our Mission is to develop a fully functioning website and test it by holding 4 events in 4 different countries.

Global Treps Project

Business Plan

Prepared By:

Bobby, Kim, Ashok, Alfreda

Los Angeles, California

Business Description

The company was formed on 12/15/2020 as C-Corporation under California State Laws and Headed by Bobby, Kim, Ashok, and Alfreda.

Business Mission

Our Mission is to develop a fully functioning website and test it by holding 4 events in 4 different countries.

New Service

The company is prepared to introduce the following service to the market:

Website: Website development

Business Goals

Short Term:

Develop a fully functioning website

Long Term:

Host 4 events in 4 months

Price Strategy

The company had completed a thorough analysis of its pricing. Keeping in mind our competition’s pricing and cost of customer acquisition, we have decided on the following pricing strategy

Overall Budget: $120,000

Payroll: $50,000

Travel Expenses: $30,000

Hardware/Software: $20,000

Events: $20,000

Promotional Strategy

The company will promote sales using the following methods:

Plan to hold 4 Shark-Tank-Like Events within 4 Months

Services

First-rate service Is intended to be the focus of the Company and a cornerstone of the brands success. All clients will receive conscientious, one-on-one, timely service in all capacities, be they transactions, conflicts or complaints. This is expected to create a loyal brand following and return business.

New Service

The company is prepared to introduce the following service to the market:

Website: Website development

Business Goals

Short Term:

Develop a fully functioning website

Long Term:

Host 4 events in 4 months

Price Strategy

The company had completed a thorough analysis of its pricing. Keeping in mind our competition’s pricing and cost of customer acquisition, we have decided on the following pricing strategy.

Overall Budget: $120,000

Payroll: $50,000

Travel Expenses: $30,000

Hardware/Software: $20,000

Events: $20,000

Promotional Strategy

The company will promote sales using the following methods:

Plan to hold 4 Shark-Tank-Like Events within 4 Months

Services

First-rate service Is intended to be the focus of the Company and a cornerstone of the brands success. All clients will receive conscientious, one-on-one, timely service in all capacities, be they transactions, conflicts or complaints. This is expected to create a loyal brand following and return business.

Product-related deliverables: research reports, design documents, software code, hardware, etc.

The Website UI – which is the general and framework structure for our website.

· Inside will have User Registration, Home Page, About Us, Expandable section to include pages and features as the project goes by.

Shark Tank Event

· Host instructions for hosting the Shark Tank type events

· Includes the templates and documents etc. For the events

Donations User Interface

· This section of the website will be where any customers or future investors can donate to any organization that wishes to host an event.

· Will also have payment processing features for a small fee.

Suggestion Section

· This part of the website will include a submission section to submit new ideas for products and services. All the submissions will be stored in a small database hosting server by the site admin. Any submissions will also notify the admin with an email when new submissions are made and received.

Sub-site Creation Feature

· It is a basic editor where future users would want to host events and create their sub-site for local participants and sharks.

· Accept applications and promote winners or losers.

4x Shark Tank Events

This project will include hosting within timeline of 4 months

One for our college, and each individual team member’s locations.