BUS633 Week 1 Assignment – Project & Operations Management

Business Finance – Operations Management

Week 1 Assignment In BUS 633 Project & Operations Management?

Prior to beginning work on this assignment,

• Read Chapters 3 and 5 of the course textbook, Contemporary Project Management: Plan-Driven and Agile Approaches.
• Review the Walmart Case Study.
• Review the Project Management Case Study—Logistics Service Improvement Project.
• Review the video, CSR and the Triple Bottom LineLinks to an external site..

Using the project management case study, develop a project charter (use headings) of three to four pages (no more than four pages). In addition to the course textbook, research two additional resources. In your charter,

• Summarize the project’s scope and limitations.
• Design a business case for the project. 
• Assess how the project will enable the corporate strategy. 
• Assess how the project will apply CSR values. 
  • Calculate the Net Present Value (NPV) for the project business case. Derive the NPV using the following data and submit an Excel spreadsheet as an appendix:
    1. Purchase price of $400,000
    2. One-time project costs total of $100,000 spent in Year 0
    3. Net benefits after taxes of $150,000 per year for five years
    4. Salvage value for Year 6 and beyond of $400,000. 
    5. Summarize your results of NPV in the paper and refer to the Appendix.
• Develop a milestone schedule that includes five to seven elements.
  • Use the case study to derive the milestones. If the case is lacking, feel free to include a solution or milestone that you think Walmart would value.
• Predict the project’s risks, threats, and opportunities.
• Outline the resources needed for the project.
• Develop your plan to form a high-performing project team.
• Identify five important groups of stakeholders.

The Project Charter Development paper

• must be three to four double-spaced pages in length (not including title and references pages) and formatted according to APA StyleLinks to an external site. as outlined in the Writing Center’s APA Formatting for Microsoft WordLinks to an external site. resource.
• must include a separate title page with the following in title case:
  • title of paper in bold font
    • Space should appear between the title and the rest of the information on the title page.
  • student’s name
  • name of institution (The University of Arizona Global Campus)
  • course name and number
  • instructor’s name
  • due date
• must utilize academic voice. Review the Academic VoiceLinks to an external site. resource for additional guidance.
• must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
  • For assistance on writing Introductions & ConclusionsLinks to an external site. and Writing a Thesis StatementLinks to an external site., refer to the Writing Center resources.
• must use at least two scholarly, peer-reviewed, or credible sources in addition to the course text.

 

Walmart Case Study

A firm known as International Logistic Services, or ILS, has acquired an existing warehouse and transportation provider in your selected country for Walmart. ILS has an excellent reputation as a firm concerned about profit, people, and the planet. That is, they strive for the triple bottom line. ILS is located within the vicinity of one or more Walmart stores. The acquisition, however, has inherited many problems, including safety, disregard for the environment, and financial issues.

The newly acquired logistics service has 100 employees. ILS recently appointed a new director of logistic services–DLS– who will sponsor the project to improve operations, recognizing that a strategic objective is to win Walmart’s business. You have been selected as the project manager.

The DLS has asked you to develop a project charter. The Project Management Institute, PMI, defines a charter as a document issued by, or approved by the sponsor, to officially undertake the project. The charter enables the project manager with authority to obtain resources, and to plan the project, and eventually execute the project.

The sponsor has specified constraints for the project as follows—

• The business was acquired for $400,000. Thus, benefits that accrue from this project must justify the investment.

• Project costs should not exceed $100,000.

• The project is expected to start in February and be completed by December in Year Zero.

• Net benefits of the project should be $150,000 per year for the first five years, starting in Year One. In Year Six, assume that the salvage value is $400,000. Your charter must include a summary of the project’s scope and limitations, and a business case for the project.

The business case should include the application of the corporate social responsibility values to resolve the inherited problems; how the project will enable the corporate strategy to win Walmart’s business, net present value for the project, using the data provided and calculated in MS Excel. Attach the Excel document as an appendix to the charter.

• Summarize the results of your calculations in the body of the project charter.

• Describe a milestone project schedule that includes five to seven elements. A milestone is a high-level task that includes a top-down estimate of the project duration and the start and end times. Predict risks, unexpected threats, and opportunities that may occur during the project.

• Outline the resources you will need for the project: team members, materials, and funds.

State your plan to form a high-performing project team.

• Identify five important groups of stakeholders that you should consider for the project. Stakeholders include any party that has an interest in a project.

Why is this assignment important to you? Writing an effective project charter will help you develop skills to effectively initiate a project.

As you write this assignment, consider that you may write as many as 50 to 100 charters during your career, as many project leaders and sponsors have done. Many times, charters are called by other names, such as request for proposal, budget justification, authorization for funding, and so on. If you have any questions, be sure to ask your instructor.

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