Written Assignment 3 Fuddruckers & Crystal coast music festival Claudia Koerbler Student ID: 1295982 EMBA, California Lutheran University EMBA-511-GA01 - 21/OM/5: Project Management Professor David W. Church, MBA, PMP June 16, 2021 Table of Content Written Assignment 3........................................................................................................ 1 1. Abstract .................................................................................................................... 3 2. Does serving as food vendor at Crystal coast music festival qualify as a project? Why or why not? ........................................................................................................................ 3 3. What are the sources of uncertainty facing Kathryn Regan? Can anything be done to mitigate the uncertainty? ............................................................................................................ 5 3. Would you recommend Kathryn go with the limited or broad menu? How much of each food item would you recommend Kathryn order? ............................................................. 6 Hint: you might consider simulating alternative scenarios ............................................... 6 4. Based on your project order quantities, develop a budget for the project. ............... 7 5. Conclusion ..................................................................................................................... 7 6. References ..................................................................................................................... 9 1. Abstract CRC Management Company as a franchisee of Fuddruckers, has been selected to be the sole food vendor for the Crystal Coast Music Festival. The case study provides some input on how Fuddruckers is thinking of setting up their menu and gives an overview of decisions regarding the menu items, order quantities, and prices which need to be decided upon by Kathryn. In order to get to a final decision, several uncertainties, including the weather, attendance, and the amount of food each attendee will consume complicates the decision making. The questions below will identify and answer what some solutions for Fuddruckers could look like to have a successful event and scale up the menu and hence sales prices for food. 2. Does serving as food vendor at Crystal coast music festival qualify as a project? Why or why not? Yes, it absolutely qualifies as a project, since there is a lot of food planning, budgeting, estimation, and risks involved in providing vendor services to the music festival. I would argue that it needs to be treated like a project to ensure we bear the Triple Constraint in mind and plan the purchase and selling of food like any other project as well. After all, CRC as a franchise of Fuddruckers wants to generate income out of their food vending business. 3 In addition, taking up such vendor services involves a series of processes and steps taken up by a project manager and in cooperation with other management staff it will help in the control of the project in terms of progress, quality, changes, products, commitments, and other critical concerns. The ultimate purpose of project control is to manage work during each stage of the implementation lifecycle and to prepare the project for the next stage (Heagney, 2016). Kathryn, as the director of marketing will need to perform quality control through-out the implementation process. This will include project approval, for authorizing the expenditure of funds, the statement of work, identifying agreements and assumptions of the projects, work breakdown structure, management reviews. After the initial Work Breakdown structure (WBS) is set up, a proper risk assessment, budget planning and engagement of stakeholders is key to ensure a project’s success. Speaking of setting up a team or identifying stakeholders, Kathryn should go ahead and choose the project team. This means, the team should be set up with stakeholders who allow Kathryn and the project managers to track work progress, respond to changes and manage issues. In addition, she should and needs to be involved in controlling project quality to confirm that the product is complete and developed in line with expectations. In this case Kathryn will need to involve the business and technical staff in a range of activities such as defining technical standards, setting business expectations, establishing product requirements (Kerzner & Kerzner, 2017). 4 3. What are the sources of uncertainty facing Kathryn Regan? Can anything be done to mitigate the uncertainty? There are a lot of risks when carrying out food services. I would identify the biggest risk and uncertainty to be weather and a potential disruption in supply chain of the delivery of food. The latter can be mitigated through comprehensive and accurate communication with all stakeholders, the earlier is something which needs to be factored into the risk assessment since it is out of Kathryn’s and the festival’s control. Weather attendance consumption analysis patterns show possible risks of having low revenues. Also, there is concern over wastage if they do not decide the proper menu for the music festivals. Food wastage will lead to losses as opposed to expected returns of investment. They are also risking of having required quantities of food in stock. The suppliers need to be well informed of the required quantities once they decide on the menu option. There is anticipated shortage costs beyond the lost profit if they run out of the items they set to deliver at the festivals (Meredith et al., 2017). 5 3. Would you recommend Kathryn go with the limited or broad menu? How much of each food item would you recommend Kathryn order? Hint: you might consider simulating alternative scenarios and comparing the results of the simulation runs The limited menu offers the best opportunity for the business since it doesn’t overrun the budget and with the limited menu selection it keeps the cost of food preparation low. The “typical” festival food offer has limited risks and can be prepared easily, fast and does not run the risk to expire or dry-up in the heat. I would suggest that the limited options menu should consider burger as the most selling item in the list and attendees will have the option to try out the much-advertised burgers. This will save them the option of having chicken sandwich as one of the food options. The three-day prior order helps them have a clear path of the meals, which they would need to consider and gives them the chance to predict weather consumption patterns, which will work well with Kathryn’s estimations. Besides, the limited menu options come in best since she will have met with the event promoter before the event to get a clear information on the expected attendees. This leaves her with a clear understanding of the best route to take when it comes to getting food stocked on time. I would recommend having 1.5 meals per person in attendance assuming the weather is nice once you get the ticket sales data. 6 4. Based on your project order quantities, develop a budget for the project. Estimated Hamburg er Hot Dogs Potato Turn out 8.0001- Buns Plates Sales Tax Chips Patty $1.01 $0.55 $0.40 $0.20 $0.15 1% $1.01 $0.55 $0.40 $0.20 $0.15 1% 10.000 VIP (25) Other Number of people Rate $/per hour Expens es Staffing 6 7 Tent 1 15 Gas Grill 1 15 5. Conclusion To sum up, the case study has been interesting and important for our class since it gave me some food for thought on what steps need to be taken as setting up a project. Besides everything covered in this written assignment, I would like to point out that a project doesn’t stop with its delivery. After a project is executed, we need to dig deeper and go further in understanding how satisfied customers were and what some lessons learned of the project could be. 7 One way to do so would be to conduce a survey internally to the project team first to understand what their experience was and learn from failures and successes of projects. This would provide Kathryn with some tacit knowledge to reflect on the project and plan accordingly for the next one. Of course, this can be done before a project starts if we have similar projects to refer to and learn from. 8 6. References Gregoire, M. (2016). Foodservice organizations: A managerial and systems approach. Pearson. Heagney, J. (2016). Fundamentals of project management. Amacom. Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Meredith, J. R., Mantel Jr, S. J., & Shafer, S. M. (2017). Project management: a managerial approach. John Wiley & Son 9