ACC610 Business Scenario Assignment Sample

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Management

Distribution List

 Version Control

Project Registration

Project Name

Production Costs of Vehicle Restoration Jobs

Project #

Creation Date

Sponsor/Client

Leand Garvie, [email protected], 617 54305498, K2.29A

Project Manager

Executive Summary

Rationale

Rob’s Classic Cars is an organization that builds and restores classic cars for customers. In this organization, most of the classic cars are related to Ford Escorts and Ford Cortinas to repair them. In each year, the firm tries to develop the business by multiplying the stores of building and restoring the cars. The main purpose of the project is to identify the budget for opening a new store in the different city. In addition, this study will also provide importance of spreadsheet method in excel sheet as well as the use of presentation of the budget of the company.

Key Objectives

The main objective of the project is to provide SMART and measurable record by budgeting as well as, to develop a better understanding of the spreadsheet model.

Benefits

The spreadsheet model is highly beneficial for a firm to develop a better understanding in the mind of team members. It is helpful to enable the creation of a more useful model for managing and monitoring the potential risks of the business as well as the statically analysis of the risk related to additional cost.

Impacts

The spreadsheet model would be supportive of the decision making and organizational process to build an accurate budget to reduce the additional cost of the company. Implementation of ‘Production Costs of Vehicle Restoration Jobs’ project will be monitoring the potential risks related to the finance and the spreadsheet will provide an accurate cost of direct and indirect expenses.

Project Information

1 Integration Management

1.1 Methodology

First of all, the task will be established by the team members and each member will participate to provide the uses of these tasks. After this, there is a responsibility of the project manager to assign the tasks to all team members. In addition, all the team members have a responsibility to complete the given task in a timely manner.

1.2Change Control

In order to propose, assess and authorize changes, firstly all the team members will provide potential scopes and then it will be delivered to sponsor for providing permission to change.

1.3 Performance Reporting

The project manager will continually evaluate the performance of the employee and monitor the tasks in the spreadsheet as well as the cost of the project. Some of the specific tasks will be assigned by the project manager to a specialist team member as per their performance (Prajogo and Olhager, 2012). However, all tasks will be reviewed by the manager to complete them accurately with quality.

1.4Audit 

The audit of the project is necessary to evaluate the efficiency of job cost of vehicle restoration that will provide the estimated direct cost of labor and material as well as the overheads also (Gimenez et al., 2012). It will be helpful to evaluate the actual cost with an estimated cost.

1.5 Dependencies

This project is depended on the past year’s data that will be helpful to provide the cost of labor and material for the effectiveness of the project. This project will also be impacted by the increment in the wages of labor and cost of material.

2 Scope Management

2.1 Deliverables

This project plan and spreadsheet include Gantt chart. After completing the project, it will be deliverable and it will be finished on time.

2.2 Inclusions

In this project, there are some specifications such as it has a comprehensive project plan that requires Microsoft Office to complete the project file. It also includes a Gantt chart in order to deal with specific tasks, timeframes and provide responses to team members (Prajogo and Olhager, 2012).  Additionally, it has an innovative spreadsheet and memo that will be submitted as important tools to support in the identification of cost.

2.3 Handover

The project manager is responsible to handover the project to the sponsor after effectively complete it. In this, the project manager will submit the project before the due date by the form of email and hard copy.

3 Time Management

3.1 Schedule of Task

3.2 Milestones

The key milestones of the project are recorded to complete the tasks and provide innovative ideas to reduce the overall cost of the business. In this, the first milestone is to developing an appropriate cross-functional team who have effective skills and experience to reduce direct cost as well material cost (Chase et al., 2013).

Another milestone is to submit the project plan in the middle of the project. The third milestones involve correcting the spreadsheet for the completion of tasks and to find the factors that may influence it. The fourth milestone is to submit the completed project by the given deadline.

4 Communications Management

Escalation

In order to resolve the conflict among the team members, it is necessary to predict the overall cost that might influence the output of the company and fulfill the demand of the consumer. All the cost of different overhead should be provided in detail to reduce the issues of unreliability (Kleinbart et al., 2016).

In this, one issue may arise related to the not completing the project within timeline and team members are not accepting it as a mistake then dispute may arise. In this situation, a group discussion can help the project to complete it in some specific time period.

5 Risk Management

6.1 Constraints

There is a need for accurate forecasting of the cost to provide sound risk management to the project. Time constraint and work commitments are the main constraints that will restrict the performance and delivery of the project. In this, time constraints provide a timeline to complete the project plan as well as complete as per the schedule (Wieland et al., 2012). On the other hand, work commitment of the team members helps to meet with the difficulties. The clear division of task is an appropriate strategy to provide possible treatment.

6.2 Potential Issues

There are some potential issues that might impact the performance and delivery of the project: An individual team member can face problem to complete their tasks. For this, possible treatment strategy will be provided to accept milestones in the project plan. Limited time availability is another potential issue; this issue could be resolved by managing the work as per timely manner (Khurana et al., 2014). The conscious health and wellbeing of team members are also necessary to protect with potential issues.

6 Quality Management

There is a need for high-performance level quality of the project and improve the competence to provide effective cost estimation. In the spreadsheet model, the use of correct formula with the development of understandable report is necessary to provide high quality. In this model, the quality assurance and quality control play an important role to ensure a smooth cost management planning (Kim et al., 2012).

So, the quality control will be designed into the project that provides scheduled task to each team member. In order to provide good quality in the project, the team member must focus on the quality by discussing problems and ideas with the team members as well as getting informal feedback and advice.

Gantt-chart

References

Chase, J.A.D., Topp, R., Smith, C.E., Cohen, M.Z., Fahrenwald, N., Zerwic, J.J., Benefield, L.E., Anderson, C.M. and Conn, V.S., 2013. Time management strategies for research productivity. Western Journal of Nursing Research, 35(2), pp.155-176.

Gimenez, C., van der Vaart, T. and Pieter van Donk, D., 2012. Supply chain integration and performance: the moderating effect of supply complexity. International Journal of Operations & Production Management, 32(5), pp.583-610.

Kerzner, H. and Kerzner, H.R., 2017. Project management: a systems approach to planning, scheduling, and controlling. UK: John Wiley & Sons.

Khurana, R.N., Appa, S.N., McCannel, C.A., Elman, M.J., Wittenberg, S.E., Parks, D.J., Ahmad, S. and Yeh, S., 2014. Dexamethasone implant anterior chamber migration: risk factors, complications, and management strategies. Ophthalmology, 121(1), pp.67-71.

Kim, D.Y., Kumar, V. and Kumar, U., 2012. Relationship between quality management practices and innovation. Journal of operations management, 30(4), pp.295-315.

Kleinbart, K., Handel, R., Tessel, D., Chiu, S. and Crametz, J.P., 2016. System and method for online communications management. U.S. Patent 9,514,424.

Mirza, M.N., Pourzolfaghar, Z. and Shahnazari, M., 2013. Significance of scope in project success. Procedia Technology, 9, pp.722-729.

Prajogo, D. and Olhager, J., 2012. Supply chain integration and performance: The effects of long-term relationships, information technology and sharing, and logistics integration. International Journal of Production Economics, 135(1), pp.514-522.

Wieland, A. and Marcus Wallenburg, C., 2012. Dealing with supply chain risks: Linking risk management practices and strategies to performance. International Journal of Physical Distribution & Logistics Management, 42(10), pp.887-905.

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