PMGT 701 Project Instructions Project Part 1 (10%) Due June.8th. Wednesday Initiating Work divided as below. Please complete your part together with intext-citation and reference list, and send your part in the group chat before Sunday Jun.5th. Before you start writing your part, please make sure you read and understand: 1) Our project basic information (in next page) 2) Your part’s related Content in e-centennial 3) Look up some examples in the Internet So that you have an idea what the part should look like and what contents should be included in your part, so that your answers meet the professor’s requirements and expectations. 1. Business Case – Ornela and Project Charter (50 point) – Nan Based on your project choice, create a business case and a project charter for your project. Provide as many details as possible as these documents will serve as the basis for your project planning. 2. Stakeholder Register (20 points) – Yeshwanth You must identify all stakeholders for your project creating a stakeholder register, including: Minimum 15 stakeholders Internal and external stakeholders including government (permits) Their interest/participation in the project 3. Stakeholder Assessment (20 points) - Venketash and Power/Interest grid (10 points) - Surthi Based on your stakeholder register, analyze your stakeholders identifying their power and interest in your project. Verify their engagement level and describe potential management strategies to deal with them. The management strategies need to be specific for your project/stakeholder. Create a power interest grid including all your stakeholders. GEVC-Centennial PMGT 701 Introduction 1 1st Meeting discussion-Project Group 10 Problem: Students and faculty staffs in Centennial College currently don’t have a place to have lunch, dinner and drinks in a comfortable environment, a place where people can gather together and spend some time until night. Centennial College is thinking of opening a new restaurant in the marketplace but the college is not sure whether it will be successful ot not, so the college wants to test the idea of opening a restaurant in marketplace, to see whether it will be liked by students and college staff. Hence, the college is launching a project to open a pop-up restaurant for one week. Description: The project opening a pop-up restaurant for one week in the marketplace in Centennial College, where we will offer our students and school staffs with hot meals (lunch and dinner) and drinks, so that students and school staffs can have lunch, dinner and have drinks between and after their classes. Background: The only café in the buildings is Tim Hortons, it has very limited choice of hot drinks and cold beverages, and it doesn’t offer lunch nor dinner. There are only 3-4 types of sandwiches in the food menu. It closes at 3PM, and there is always a long line for waiting to order. The nearest restaurant around campus is around 1 KM away. Students have classes during the day, classes in the afternoon usually start at 12:30 PM and the last one in the morning finishes at around 11:30PM, which makes the lunch break shorten to 1 hour. In the afternoon the last classes finish at around 6:30 PM, they also need a place to have dinner. Students and staff are seeking for a place to have lunch and dinner, spend some time in a good dining environment. Target opening time: Fall semester 2022 Spet.5th. (Opening event: Sep. 3th. Evening) Possible Stakeholders: Internal: - President of Centennial College - Management team of centennial college - Procurement department of Centennial College - Finance Department of Centennial College - Students of Centennial College - Professor and faculty staff of Centennial College - Other college staff (admin, cleaning staff, campus security and police etc.) External: - Construction company - Food and drink suppliers - Order system and machine supplier - Payment system and machine supplier - Restaurant staff: Chef, waiters, restaurant manager, cleaning, dishwasher… - Government: Ontario/Scarborough provincial authorities - Event agency - Marketing company GEVC-Centennial PMGT 701 Introduction 2 Highlights of the pop-up restaurant: - Convenient location: it locates in the market place (ground floor) in the building. Students can go to the restaurants without exiting the building, and it close to the classrooms Many choices of food which will meet different people’s need: - Menu: Lunch menu, dinner menu as well as drinks will be offering. People will have choices for real food, rather than just a sandwich. Bar will be open in the evening, so that people can also have a couple of drinks in the evening. During lunch and dinner time it will also offer set menu for people to quickly grab a bite of eat or order something to go. In the evening - More than a restaurant - A place to spend time and social: Dining tables and chairs offer a comfortable and cozy dining environment for people to sit down, have lunch/dinner, chat and social. It’s a restaurant as well as a place for people to hang around, gather together, chat and network. Team Project This is a team assignment where you will have the opportunity to apply the course content in a practical way by planning a real project. Your team must choose between one of the following types of projects: The opening of a new business (coffee shop, pet store, restaurant, etc.) A renovation or redesign of your place (house, condo, apt, room, basement, etc.) An event (fundraising, business event, etc.) No matter your choice, the duration of your project must be at least 3 months (from start to conclusion), and it must include a lesson learned session and a celebration event at the end of the project. The budget for your project is CAD 100,000.00 GEVC-Centennial PMGT 701 Introduction 3 Project Part 2 (10%) Planning – Scope Based on your project information, i.e. Business case, Project charter, Stakeholder needs and wants, and other available information, you must create 2 documents: 1. Requirements Traceability Matrix (50 points) Considering your project stakeholders, create a list of requirements (must, should, could and will not). Your list must have at least 2 requirements per stakeholder and 50 requirements in total. The requirements must be connected to at least one WBS element. 2. WBS (50 points) Considering your project deliverables and approach (how you will execute and control your project), create your project WBS. Start identifying the deliverables or project phases and break it down into work that need to be performed to complete the phase or produce the desired deliverable. Start with level 1.0 as your project name Level 1.1 - Project Management Tabular or Graphical format Minimum 3 levels of decomposition (1.1.1.1) Consider creating a list of deliverables for your project before you start. Project Part 3 (10%) Planning – Schedule and Cost Now that you have defined your project scope, it is time for schedule and cost planning. For this assignment, you must prepare 3 documents: 1. Project Schedule (50 points) Create a Schedule for your project, including the main tasks and important milestones for your project. You schedule must have a logical sequencing of activities, some parallel activities and project management activities covering the entire duration of your project. 2. Project Budget (50 points) Here you will provide a cost breakdown for your project. If your cost estimate is bigger than the given budget, you should identify areas where the cost/scope can be reduced. Note that: The cost estimate must detail information by WBS element, including hourly (HR) and fixed costs. The cost must be divided by month according to your project timeline The cost estimate must include 10% as management reserve and 5% for risk contingency (on top of given budget) GEVC-Centennial PMGT 701 Introduction 4 Project Part 4 (10%) Planning – Risk 3. Risk Register (50 points) Congratulations, you are in the final sprint of your team project planning. Identify at least 20 risks for your project. For each risk, you should provide the basic information (risk number, risk, description, category, risk owner, and root cause) and identify possible mitigation actions. Then, perform the qualitative analysis (probability and impact) and rank your risks based on the risk exposure (probability x impact). For the top 5 risks, identify triggers and potential responses. 4. Lessons Learned (50 points) Running a project is always a challenge. It also is an amazing opportunity to learn from our mistakes and from things that went well in our projects. Describe the lessons learned for each team member during this project covering all parts of your report. Include a summary section with possible improvements. Templates You will find project templates in the content area. Feel free to use them or to bring your own project document. Just make sure you are covering all the relevant aspects in the document. You can also deliver multiple documents for your assignment. Peer evaluation Although the project is a group assignment, you should provide a peer evaluation for each project part. It is a simple evaluation that gives me a hint if you are having problems with your team mates. Receiving a low evaluation from many team members can impact your grade. GEVC-Centennial PMGT 701 Introduction 5