Essay about Mgmt 404 Project Management

1022 Words Sep 14th, 2014 5 Pages
DeVry University | My BBQ Business Adventure | MGMT 404 Project Management |

Renita Allgood
6/24/2014
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Table of Contents

1. Cover Page 2. Table of Contents 3. Project Charter 4. Scope Statement 5. Work Breakdown Structure 6. Network Diagram 7. Risk Management Plan 8. Resource Management Plan 9. Communication Management Plan

Project Charter

Project Name: My BBQ Restaurant Business Adventure
Project Number: 1
Project Manager: Renita Allgood
Owner(s) Renita Allgood and Terence Allgood
Start Date: 5/5/2014
Scheduled Completion Date:
6/26/2014

Mission/ Purpose:
Accomplish entrepreneur opportunity to invest in a personal business venture of a specific interest being a
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Additional equipment needed.

Exclusions and Boundaries:
Exceeding any budget
Needing Loans

Major Risks:
Ability to find a reasonable location due to size, cost and its needs.
Inadequate capital and funding risk for cost of salaries, food, and bills.
Demanding workload due to a wide range of duties to provide service.

KEY STAKEHOLDERS:
Renita Allgood
Terence Allgood

Project Core Team:
Renita Allgood
Terence Allgood

Network Diagram

Risk Management
Project Manager: Renita Allgood
Date: June 5, 2014
Risk Identification

1. Planning Risks: Inadequate time to plan, allocate resources and scheduling thoroughly for projects completions and budget parameters. 2. Vendor and Licensing delays: may take up to 6 weeks, this process is usually backed up with similar request because of the Ohio Department of Taxation process. 3. Securing adequate and cost convenient location: Requires decisions and financial security measures having adequate funding, assets, and equipment. 4. Land and building requirement delays: Passing of inspection and regulated requirements that often developmental planning and permissions are delayed. 5. Staffing Delays: Due to skills, commitments, and work delays due to under or under-expected productivity or lack of. 6. Inaccurate estimates: Nearing opening cost may fluctuate rising start-up cost causing budget problems that must happen

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