Target Project Management Plan
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WK1-ProjectManagementPlan-ProjectCharter.docx1
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Project Management Plan
Project Charter
November 28, 2017
Project Management Plan: Project Charter
Being the project manager and mandated with the task of developing the transformation of a regular general Target Store into a target supercenter store, I will be able to develop build a project charter for the process.
Project Description Problem
The proposed project will be a large project that will transform the current Target Store into a supercenter store. We have noticed with great concern that our company need to expand in terms of merchandise. This can only happen when the company has enough storage of merchandise. We therefore need to build a Target Supercenter Store that will enable the company to attract a pool of customer hence increasing the profit margin and revenues. The new target supercenter will involve expansion of the current store from just one floor building into a 3 floor building. The project is estimate to run for a period of one year and the total cost is budgeted to cost the company to about $7,000,000.
Result Statement
After successful completion of the project the company will immensely benefit in terms of increase storage of merchandise. With the increase of space the company will be able to stock more products hence, attracting more customers. Consequently, the revenue and profit margin will substantially increase. The image of the company will also be boosted resulting to a competitive advantage against the competitors.
Project Mission Justification
The mission of the project will be to build a modern Target Supercenter store with ability to store large amounts of merchandise by use of the company’s revenue, which will be completed in the stipulated time frame (Kerzner, 2017). The new store is supposed to solve the current storage problem and must conform to the current standards of supercenter stores. The cost of the store is expected to not deplete the company’s revenue. It should use a reasonable amount of revenues that will not paralyze the company’s operations. Eventually, the project should be completed in the stipulated time to avoid any additional financial and other resource constraints.
Project Scope Statement
The main goal of project will be to build the supercenter store that will have enough space to store a large number of merchandise. The project objective is to implement building of this store in the time given and use the revenue allocated but the finance department. The project will be estimated to undergo three major phases. The first phase which is projected to run for a period of three months is the ground excavation and foundation building. The project team will hire the earth movers to facilitate the ground excavation for the site where the project will be built. The companies engineer will be given the task of getting the best company to oversee the process.
The foundation building will be planned for and the team’s mechanical engineer will be mandated to ensure a firm foundation is built. The cost of excavation and building the foundation is estimated to cost about $1,000,000. The second phase of the project is to build the three floors and it is estimated to last for 4 months. The materials that will be required such as building cement, sand, ballast, building blocks among others will be purchased by the project procurement manager. The team will hire the best civil mechanical and water engineers to undertake the process (Nicholas & Steyn, 2017), this will to cost the company $4,000,000 inclusive of labor and material costs. Final phase of the project will be the roofing, interior design and painting, lasting for a period of two months costing the company $2,000,000 or more dollars.
The entire stake holders in the project team will be given various tasks to ensure successful completion of the project. The project manager will ensure that all the process run smoothly by availing all the resources required in all phases of the project. The finance officer will ensure accountability of the project fund. Project procurement officer will be mandated with purchasing of all the materials. In the team we will also have a risk manager who will assist in forecasting of potential hazards that may affect successful completion of the project.
Major Deliverables
The major deliverable of the this project will be Engineering report, Proposal, Design drawings, Design documents, Technical interpretation, Site investigation report ,Design review Tender document for material suppliers, new equipment or tools, Strategic report, Progress, Usability report. All these deliverable will be very crucial for the expansion of the store.
High-level Milestones for Significant Events
Some of high level milestones in this project will be completion of ground excavation to ensure the foundation is initiated. Another milestone will be the issue of certificate to undertake the project from the federal construction authority and city council. The major milestone of the project will be completion of the super center store and start of operations.
Applicable Technical Requirements
The major technical requirements to ensure that the building of the store will be successful will include the availability of the required building material, availability of certified architectures and engineers, compliance with the building authorities and city councils and the availability of semi-skilled labor in the construction site.
Project Constraints
The transformation of a Target Store into a super center store project will be faced with constraints such limited number of qualified personnel, accreditation costs. The project might be completed late than the stipulated time causing extra financial costs. Weather and technological dynamics might also affect the completion of the project. Finally the dollar changes might affect the budgeted cost of the project negatively.
References
Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley & Sons.
Nicholas, J. M., & Steyn, H. (2017). Project management for engineering, business and technology. Taylor & Francis.
Week 1 Individual Assignment: Project Charter
Assignment Requirements Reviewed
Develop a project charter.
Write a paper 700 to 1,050 words, featuring the following elements:
Narrative project description
Problem and result statement
Mission justification
Project scope statement
Major deliverables
High-level milestones for significant events
Technical requirements, assumptions, or constraints applicable to the project
