Reference no: EM133666301

Interdisciplinary Business Project

Overview
In this part you are provided with details of a hypothetical project. Based on this information you are required to evaluate the sustainability implications of this project and discuss how you would prepare for the first meeting with the project sponsor. Think about what type of questions you would ask the project sponsor, what information you need to obtain, what you need to do to arrange the first meeting, etc.

You also need to draft a project plan outline for the hypothetical project to discuss with your project sponsor during the first meeting. This outline will provide the basis for the development of a formal project plan. Think about what needs to be done to deliver the project, what resources are required, proposed project milestones, etc

This task enables you to develop skills for face-to face or online collaboration with a project sponsor and evaluate the sustainability impact of a project.Marking CriteriaThis assessment will measure your ability to:

Work with project sponsor

Identify and justify information needs

Recognises the sustainability implications of business decisions and is able to independently apply this to decision-making and problem-solving

Assessment Details

Read the Project Details below and respond to the following requirements using knowledge and skills gained from personal/professional experience, course material and from completing the micro credentials Working with Global clients onlineand Planning a Project

Required

1. evaluate the sustainability implications of this project.
2. discuss the strategies you would use to ensure you are prepared for the first meeting with the project sponsor.
3. draft a project plan outline for the hypothetical project to discuss with your project sponsor during the first meeting.

Project Details
Shiny Pedals Bike Shop - London, United Kingdom.
Project sponsor: Faith Umar, CEO

Project Scope
We would like to launch a new business to encourage more people to ride bicycles by building and selling affordable, high quality bikes; teach people how to fix their own bikes by holding regular bike repair classes and providing space, materials and tools for education; divert waste from the landfill by accepting used bicycles and parts as donations and re-building and selling reconditioned bikes; and create community for cycling enthusiasts by planning and hosting workshops, special events and community celebrations and by maintaining a location where people can come together to share ideas, inspiration and learn from one another. We are becoming more knowledgeable about the bicycle industry in the United Kingdom since arriving from Nigeria six months ago.

We are looking to launch this new business as we work to develop a business plan. The business plan will include a marketing plan and information systems plan. We can provide access to internal documentation other information as needed. We would like to develop a strong, competitive business plan, which we can present to investors. We are seeking raise £500,000 from investors. We would also like to achieve a desired net profit of £75,000 by the end of the first year of operations.

Report Structure /Format
You do not need to rewrite the question in your submission. Simply show Question # as a title and your response. You may also wish to consider the following issues when answering the above questions:

Question 1
Identify and discuss the sustainability implications of this project. The business is in the UK . Consider that the business model is a start-up and has multiple revenue lines. Consider also the notion of 'donation' and relevant SDGs.

Question 2
Think about the issues you would like to cover during your first meeting with Faith Umar, what information would you like to obtain and why, what do you need to do to arrange the meeting, what should you be sensitive to/aware during your conversation with Faith Umar, etc.