PROJECT ANALYSIS
Virtual Desk Solution
Challenge:
VA’s are focused with their daily tasks and deliverables in meeting the clientele’s
demand. As the company continues to embrace globalization, the demand to hire
more VA’s also increases. Currently, VA’s also facilitated the recruitment process
as part of their additional task. With the fact that they’ve focused on coping up
the client’s needs as their top priority, the hiring process may sometimes lead to
second priority which often resulted in unsuccessful hiring which in effect
delayed the projects and revenue loss.
Proposed Project:
Building a Highly Reliable and Competent HR Team
Project Analysis:
Opportunity:
To have a highly and competent HR Team with VA background to facilitate
customized administrative activities such as recruitment processes, performance
management and a competitive developmental growth of a diversified workforce
of the organization.
Risks
:
Additional Budget Allocation
Cost:
Particulars
Monthly Salary (2 newly
hired)
Equipment’s
Paid Advertisement
Cost
Php 20, 000 per
employee per month
Investment
Php 40,000
Php 10,000
Php 60,000
Php 10,000
Total Investment
Php 110,000
With the support of the newly hired HR team, the existing 3 VA’s can now focus
on meeting their goals and finding a new client with a goal of getting one (1)
additional client and the newly hired HR Team with VA background have also a
goal of getting at least one (1) client within 30 days. Approximately ROI is
86.11% with a $750 package each.
Approximate ROI
$750*5*50= Php187,500 Profit
Profit – total investment = net profit
187,500-110,000 = Php77,500
ROI = Net Profit / Total Investment * 100
77,500 / 90,000 *100 = 86.11% (ROI)
Schedule: 30 days (1-week on boarding and training, 3 weeks execution)
Feasibility: 100%
PROJECT CHARTER
Virtual Desk Solution
Challenge:
VA’s are focused with their daily tasks and deliverables in meeting the clientele’s
demand. As the company continued to embrace globalization, the demand to hire
more VA’s was being realized. Currently, VA’s also facilitated the recruitment
process as part of their additional task. With the fact that they’ve focus in coping
up the client’s needs as their top priority, hiring process may sometimes lead to
second priority which often resulted to unsuccessful hiring which in effect
delayed the projects and revenue loss.
Goals
●
●
●
●
To be effective and efficient in providing human resource services;
Develop Key Performance Indicator (KPI’s) of employees;
To boost productivity performance of employees and provide intervention
needed; and
To increase revenue
Scope
The scope of the project covers from the recruitment process, providing learning and
development intervention for the newly hired employees and implementation and
execution. Performance review and evaluation will be conducted after 30 days. The
project ends after the evaluation and confirmation that the newly hired possesses the
required knowledge, skills and attitudes for the specific job. Signing of contract followed
by both-parties, the business owner and the newly-hired employees.
Key Stakeholders
Business Owner
Faye Homer
Project Sponsor
Faye Homer
Project Manager
Maye Pale
Project Team Member / VA Leader
Angelo Dave
Project Milestones:
Recruitment
Process
February 25-27
L&D Intervention
March 1-5
Implementation
March 8-30
Performance
Review and
Evaluation
March 31
Contract Signing
April 1
Project Budget
Particulars
Monthly Salary (2 newly
hired)
Equipment’s
Paid Advertisement
Cost
Php 20, 000 per
employee per month
Investment
Php 40,000
Php 10,000
Php 60,000
Php 10,000
Total Investment
Php 110,000
Constraints, Assumptions, Risk and Dependencies
Approval Signatures
Faye Homer
Business Owner
Faye Homer
Project Sponsor
Maye Faith
Project Manager