Expert answer:PM665 Colorado Technical Project Closing Plan Cust

  

Solved by verified expert:PLEASE SEE ATTACHED FILES FOR ASSIGNMENT DETAIL AND INFORMATION!!!Project ClosingDeliverable Length: 800 – 1500 wordsAssignment Description:You will now complete the Project Closing section of your Project Charter/Project Management Plan. You will finalize the project and discuss the closing processes. Assume the project can be closed.Update your existing project management plan to reflect the following:Discuss how the deliverable will be accepted by the customer/client.Discuss the process for closing the project management plan.Explain how the procurement contracts will be closed.Provide a Lessons Learned section to include any information related to the project that could help in future projects.
pm_665_unit_4_ip_notes.docx

arseneault_albert_pm665_ip3.docx

Don't use plagiarized sources. Get Your Custom Essay on
Expert answer:PM665 Colorado Technical Project Closing Plan Cust
Just from $10/Page
Order Essay

project_charter_plan_template.docx

Unformatted Attachment Preview

PLEASE SEE ATTACHED FILES FOR ASSIGNMENT DETAIL AND INFORMATION!!!
Project Closing
Deliverable Length: 800 – 1500 words
Assignment Description:
You will now complete the Project Closing section of your Project Charter/Project Management Plan.
You will finalize the project and discuss the closing processes. Assume the project can be closed.
Update your existing project management plan to reflect the following:

Discuss how the deliverable will be accepted by the customer/client.

Discuss the process for closing the project management plan.

Explain how the procurement contracts will be closed.

Provide a Lessons Learned section to include any information related to the project that could
help in future projects.
PROJECT CHARTER PLAN
SHOOTING RANGE PROJECT PLAN
BLUE FIRE
200 PARK PLACE BLVD
WARNER ROBINS, GA. 31088
ALBERT ARSENEAULT
PM 665 INDIVIDUAL PROJECT
6/04/19
TABLE OF CONTENTS
EXECUTIVE SUMMARY ……………………………………………………………………………………………………… 3
PROJECT PURPOSE/JUSTIFICATION ……………………………………………………………………………………… 3
Business Need/Case ……………………………………………………………………………………. Error! Bookmark not defined.
Project Stakeholders …………………………………………………………………………………… Error! Bookmark not defined.
PROJECT DESCRIPTION ……………………………………………………………………………………………………… 6
Project Objectives and Success Criteria ………………………………………………………… Error! Bookmark not defined.
Requirements …………………………………………………………………………………………….. Error! Bookmark not defined.
Constraints ………………………………………………………………………………………………… Error! Bookmark not defined.
Assumptions ……………………………………………………………………………………………… Error! Bookmark not defined.
Preliminary Scope Statement ……………………………………………………………………….. Error! Bookmark not defined.
RISKS …………………………………………………………………………………………………………………………….. 8
PROJECT DELIVERABLES …………………………………………………………………………………………………. 10
SUMMARY MILESTONE SCHEDULE …………………………………………………………………………………… 10
SUMMARY BUDGET ……………………………………………………………………………………………………….. 10
PROJECT APPROVAL REQUIREMENTS ………………………………………………………………………………… 12
PROJECT MANAGER ……………………………………………………………………………………………………….. 16
AUTHORIZATION ……………………………………………………………………………………………………………. 16
EXECUTIVE SUMMARY
The interest in firearms among people in Saudi Arabia has been steadily growing across
all the age brackets, young and old. Air and Gas blowback guns have been made available by the
government to the people of Saudi Arabia for years through licensing and firearm permits. With
this foundation and the ever-growing interest in video games over the years among the youth, the
subscription for Air and Gas blowback gun permits has grown. This increased interest and
subscription to these firearms has led to the growth of the industry and also the revenues and
profit margins experienced by both investors and entrepreneurs.
The business of shooting ranges has been growing in the country due to the increased
interest by the middle and upper classes within the society. Through this, it can be accredited to
the promotion of shooting firearms and its auxiliary activities as a modern-day hobby that can be
done over the weekends among friends and family. Therefore, this has spurred a great interest
within the people and has seen some shooting ranges startup in the country. With the increased
Air and Gas blowback gun possession within the country, there is a growing need to promote
gun safety and this shooting range will also provide an excellent avenue for this project plan.
PROJECT PURPOSE/JUSTIFICATION
The main scope of Blue Fire is to enables shooting practice to the people of Saudi Arabia ad
provide sportsmanship venture and etiquette on the nation. The main objective of Blue Fire
includes:
i.
To advance the training and improvement of youth in marksmanship and guns wellbeing.
ii.
To protect the privileges of the natives of Saudi Arabia to keep and remain battle ready as
per the Constitution and the Constitution of the Saudi Arabia, to upgrade these rights and
to advance ideal open opinion thereof.
iii.
To organize, support, and lead focused occasions.
iv.
To be the statewide affiliation advancing the proprietorship and safe utilization of guns
for self-preservation, rivalry, entertainment and chasing.
v.
To support and lead matches for the choice of groups to speak to the State in the National
Matches or different matches endorsed by the Board of Directors.
vi.
To teach individuals and others in the administrative procedures, and to caution them of
authoritative recommendations which influence their rights and purposes.
vii.
To support and direct guns preparing and training programs for guns security, selfprotection, rivalries, diversion and chasing.
viii.
To advance the perfect of sportsmanship in the shooting sports.
Business Need/Case
The industry is desirable due to its growing market and the possibility of businesses
making good revenues and also its high-profit margins (McCurdy, 2011). The demographics of
the market is growing due to the increasing interest in firearms amongst the people in Saudi
Arabia.
Business Mission
Blue Fire will be committed to providing its consumers with quality and fun-filled
firearm recreational activities. It will also sell its customers with quality and licensed firearms of
standard and unique models such as the air and gas blowback guns (McCurdy, 2011). The
business will ensure that it builds a professional working relationship with its partners, staff
members, and clients.
Basis of differentiation
The management team will seek to set Blue Fire apart from its competitors by offering
their new proposed services and products at a reasonable fee. It will also offer the current
services and products in the market in a better and more quality oriented manner all at lower
costs than those of its competitors.
Project Stakeholders
Blue Fire will be a member of the trade union of the small and medium-sized businesses
of Saudi Arabia. It will also partner with the large companies that manufacture the different types
of Air and Gas blowback guns and ammunition that it will be selling to get these products at a
low wholesale price. It will also liaise with the company that makes paintball guns and its
ammunition to ensure a continuous supply to the business.
In addition, various stakeholders will be initiated by a signature based on the terms and
conditions of the firm’s policy and legal laws. The member of the Blue Fire club will be
provided with a document that contains traffic control safety rules, conditions of use, permit, the
duty of report whenever there are injuries and accidents, among others (Chaston, 2009). At the
end of the document, the relevant stakeholder will be advised to sign and indicate the date
signed.
For Example:
Stakeholders Name
…………………………….
Sign
Date
………………….
…………….
PROJECT DESCRIPTION
Our target market includes the middle and upper class in the society as they have shown
an increased interest in shooting ranges. Through the conducted site visited, the other shooting
ranges and noted that it is a growing pastime, especially over the weekends (Grossman, 2008).
The project also seeks to target families that engage in weekend family outings outside of the
city. Companies and people who engage in recreational activities as groups will also be part of
the target market.
Product/Market Scope
The product and service scope of the business is broad and will have in its various
elements. These several services will also create a broad market scope for the company to target.
Due to this, there is an increase in the demographics of people who are consuming the services
and products of the industry.
Resources
Core Competencies
Blue Fire will seek to provide services and products that meet the growing demand of the
market. It will include a shooting range, paintball court, training for the kids incorporated with
short camps on gun safety, and organizing hunting trips in and out of Saudi Arabia (Grossman,
2008). The project will also sell air and gas blowback guns. All of these services and products
will be offered at a reasonable price lower than that that is currently being charged by other
businesses.
The lack of the provision of these services in the market has led to the creation of a gap in
the market that Blue Fire’s seeks to fill.
Key Assets
Blue Fire has the following assets in its possession:
i.
A well-skilled management team with the necessary skills and tools
ii.
Office furnishings such as desks and chairs
iii.
Land in the outskirts of the city where it will set up its offices and the shooting ranges
and paintball courts.
iv.
Contacts to larger companies in the industry
v.
Office equipment and infrastructure systems such as computers, internet connection
vi.
Connections to the target market through the already set up social media pages from
the project
vii.
Capital funding raised by the sponsors
Plan communication
Operations
Product and Service Production
The founders will design the shooting range and also create a custom design for the paintball
court. There will be a construction company contracted to build the paintball court and shooting
range. A landscaping firm will also be contracted to finish the construction work on the paintball
court.
Channels
The operations of the business will be simple and will consist of the management team
overseeing the working of the company’s staff. The management team will also oversee the
external contracted firms such as the landscapers and construction contractors.
RISKS
Threat of Substitutes
There are no foreseen substitutes to these products and services. At the moment only
improvements can be made to the service and products currently being offered in the market. It is
through this, is what Blue Fire seeks to do, and it will also make sure that it keeps up with
current trends to keep ahead of its competitors.
Threat of New Entrants
There are no concrete barriers to the entry of new businesses as the existing companies
are not large enough to bar the entry of new firms, and they are also not meeting the growing
demand of the market (Chaston, 2009).
If there were any barriers to entry in the industry, the specific business would have to
come up with a new and fresh service that did not exist in the market and provide this to the
market.
Rivalry among existing firms
Three businesses are offering the target market the same service and products. They are
however, providing these services in a low-quality state and at a high price. The project will
provide the same service and at a better price. It will give the firm a better business model than
them.
There is not much difference in the products that the businesses are offering the market.
The competing firms will sell the same type of guns and their various accessories such as
holsters. The service delivery is what will differentiate the competing firms with differences in
quality and addition of new services.
The industry is growing at a steady rate with the demographics of the target market
expanding. It can be accredited to the promotion of firearms shooting and its auxiliary activities
as a modern-day hobby that can be done over the weekends among friends and family.
Therefore, this has spurred a great interest within the people and has seen some shooting ranges
startup in the country.
PROJECT DELIVERABLES
TBD
SUMMARY MILESTONE SCHEDULE
Gnat chart
Overheads
1
week
1
week
3
weeks
2
weeks
1
week
2
weeks
1
1
3
week week weeks
4
weeks
May
May
June
JuneJuly
July
Aug
Aug
Oct
Project
ideology
Project
Readiness
Development
phase
Budgeting
Identify PM
Certification
Analyte
Results
Purchase of
Armory
Hiring of
Professionals
Testing and
Review
Months
Sept
Sept
SUMMARY BUDGET
Revenue Streams
The above assets will serve as the startup capital of the business but will be supplemented by a
business loan that will be acquired from one of the local banks. The startup expenses will include
business permits and licenses, personal indemnity cover, office furnishings, equipment and
infrastructure, trade union memberships, landscaping fees, construction fees, and operational
costs for the first three years.
Start-up Cost Structure
START-UP FUNDING
START-UP ASSETS
START-UP EXPENSES
TOTAL FUNDING REQUIRED
$30,000
$35,000
$125,000
ASSETS
NON-CASH ASSETS FROM START-UP
CASH REQUIREMENTS FROM START-UP
ADDITIONAL CASH RAISED
CASH BALANCE ON STARTING DATE
TOTAL ASSETS
$0
$30,000
$0
$30,000
$30,000
CAPITAL AND LIABILITIES
LIABILITIES
LONG-TERM LIABILITIES
ACCOUNTS PAYABLE (OUTSTANDING BILLS)
CURRENT CREDIT LOAN
OTHER CURRENT LIABILITIES (INTERESTFREE)
TOTAL LIABILITIES
$0
$0
$0
$0
$0
CAPITAL
PLANNED INVESTMENT
OWNER
INVESTOR
ADDITIONAL INVESTMENT REQUIREMENT
TOTAL PLANNED INVESTMENT
$0
$0
$125,000
$125,000
Loss at Start-Up
Total Capital
Total capital and Liabilities
Total Funding
$35,000
$30,000
$60,000
$125,000
Start-Up
REQUIREMENTS
START-UP EXPENSES
STATIONARY
LEGAL
$5,000
$3,750
BUSINESS LICENCES
PROFESSIONAL LIABILITY INSURANCE
WEBSITE DEVELOPMENT
PERMIT HOLDER
COMPUTER OR OFFICE EQUIPMENT
SOFTWARE PURCHASES
OFFICE FURNITURE
OTHER
TOTAL START-UP EXPENSES
START-UP ASSETS
CASH NEEDED
OTHER CURRENT ASSETS
LONG-TERM ASSETS
TOTAL ASSETS
TOTAL REQUIREMENTS
$3,600
$4,200
$4,850
$2,150
$5,820
$0
$4,780
$850
$35,000
$66,000
$0
$0
$30,000
$125,000
PROJECT MONITORING AND CONTROL
Managing quality and performing quality assurance
In order for to manage quality and perform quality assurance at Blue Fire Shooting Range
Project the following tools and techniques will be used. Quality audits will be used where a team
of auditors will be brought in to determine if the project is in line with the policies of the project,
the standardized processes that were set as well as the procedures. The auditors will seek to
determine the effectiveness and efficiency of the procedures being used.
Other statistical tools and procedures that will be used include statistical sampling and inspection
(Stackpole, n. d). Statistical sampling will be used to carry out random audits of different
processes and other documentation in order to determine if all operations at the range are
utilizing the right processes and procedures. On the other hand, inspection will be utilized to
assess if all the processes within the range are functioning optimally ensuring quality
Developing and managing the project team
The team for the Shooting Range Project will be developed and managed in order to improve the
interactions of the team members internally and externally. This process will also be used to
develop the competencies and skills of the team as well as optimizing the environment of the
team with the objective of improving the team performance (Project Management Best Practices,
2019).
The process will help in considering the cultural diversity of the team, their climate as well as
the global environment throughout the entire project life. The method that will be employed for
this process is team-building activities. This method will allow the team members to come up
with a team that has friendly, reliable and long lasting inter-relationships as they work together.
The main drive of these activities is to prevent conflict as well as solve them among the team
members ensuring that they are successful in their operation.
The method will bring together five stages that the team members will have to go through in
order to develop and build it. The first stage is forming where the members of the team will be
brought together so that they can get to know each other. In the storming stage, the team
members seek to determine their working relationships and hierarchy. In the norming stage, the
standards of the project will be set as the team leader sets them and gives the requirements for
the project. The last stage will be performing where the team members will focus on the project
and work as a team. This stage will allow the members to attain synergy and produce a high
performing team (Project Management Best Practices, 2019). By going through these stages with
the project members, an effective way of managing the team will be developed as well as a clear
way of motivation and conflict resolution.
Conducting and controlling procurements
Currently Blue Fire has the following assets at its disposal as it seeks to open its operations; a
skilled management team, office furnishings, land to set up its operations, contacts to larger
companies in the industry, office equipment and infrastructure system, connections to the target
market through the already set up social media pages from the project, and Capital funding raised
by the sponsors.
In order to successfully complete the project the following items will need to be purchased; air
and gas blowback guns and ammunition. In acquiring these products, the project will encounter
the following kind of vendors; manufacturers well as wholesalers and distributors (The reseller
network, n. d). The organization will encounter these types of vendors because it seeks to buy the
products in bulk and make them available to its clients at lower prices compared other retailers
Controlling costs
In order to control the costs of the project a number of methods will be applied in the process.
Shenoy (n.d) asserts that the project manager has to ensure that they monitor their expenditure,
forecast their costs, compare the costs they have realized against the baseline and utilize the
change control process to manage the change experienced. For this project these processes will
be used to determine the actual cost of the project and then compare it against the budget so as to
determine if the project overspent or underspent. This information will then be used by the
project manager to calculate, and forecast the amount required based on the budget to
successfully complete the project according to the schedule
The process of controlling the cost will entail calculating the variance of cost from the planned
budget and measures taken to correct and prevent variations. The process will be on going and
covering the entire project lifetime.
Controlling risks
Each and every project faces a number of risks as it progresses. This is because change is
inevitable and it always has a high probability of influencing the project. At Blue Fire, risks will
be managed and controlled using risk assessment method. According to Hall (n.d) this tool and
technique of controlling risks brings together four steps namely identifying any new risk that is
faced, evaluating the current risks, evaluating the process of risk management and closing all
these risks. These steps will be used in the project to effectively deal with and control risks.
Managing stakeholder engagement
The stakeholders involved in this project include the management …
Purchase answer to see full
attachment

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP