Scheduling or budgeting, Financial Accounting

Assignment Help:

Tool Belt Store (TBS) is expanding its chain of hardware stores across the country. TBS has more than 5,000 full-time employees and more than 20,000 part-time employees. TBS recently updated its strategic plan, and key goals including reducing internal costs, increasing cross-selling of products and exploiting new Web-based technologies to help employees, customers, and suppliers work together to improve the procurement, delivery and sale of its wide ranges of products (e.g. tools, machinery, etc.) and services (e.g. paint matching & mixing, kitchen & bathroom renovation, etc.).

The Information Technology department is developing an idea for an intranet application to help support these strategic goals, a "Tool Planet" Intranet. The purpose of this intranet application is to help all employees improve access to supply chain information, involvement in retail outcomes, education regarding products and services, including online tools for sharing with customers (e.g. paint colour charts) and an idea database where strategic change ideas can be suggested and rewarded, where implemented.
A recent study showed that TBS cost of goods sold (COGS) is typically 10% more than the industry average for the retail and wholesale distribution sector. The board believes that this application will help improve sales, improve employee product knowledge, ownership of outcomes and morale, reduce inventory holdings, shorten time-to-delivery and reduce COGS within one year of rollout. This is expected to result in lower costs, higher sales at higher margins and, where appropriate, lower retail sales prices, providing net savings of at least $30 / Full Time Equivalent employee / year over the next 2 years (assumes 4 casual employees = 1 FTE).

This application should include the following capabilities:
o Allow employees to register for company sponsored sales initiatives with resulting benefits, e.g. rewards;
o Allow employees to register for company sponsored classes and programs to help them manage a wide range of issues from product knowledge, sales & service skills, through to supervision and management;
o Track data on employee involvement in these programs; 
o Offer incentives for people to join the programs and do well in them.
oAnalyse the data to correlate involvement with these programs and improvements in workplace involvement, process improvement, cost reduction and sales growth and other potentially identified benefits.
o Possibly include online access to employee benefits including salary/expense claims, leave entitlements, etc. Inclusion of these options has been expressed as a "nice to have" option.

Your task as project manager is to develop the following:
1. Prepare a project charter for this project. Assume the project will take 6 months to complete and cost about $200,000. Use the project charter template and examples of project charters in Chapters 3 and 4 as guidelines.
2. A project scope statement for the project which should be as specific as possible in describing product deliverables and requirements as well as all of the project goals. It should also include testing and training as part of the project.
3. Identify critical milestones and describe each of them using the SMART criteria.
4. Develop a Level 3 work breakdown structure (WBS) for the project which is based on the project scope you develop in task 1.
5. Using the WBS developed in task 3 create a Gantt chart using MS Project 2010 (or earlier version).
6. Using the Gantt chart from task 4 identify and or update your Gantt chart with the critical milestones from task 2, summary tasks as appropriate and include task durations and dependencies. The schedule goal for this project is 6 months.
7. After your project plan is completed and the critical path identified, demonstrate your ability to expedite at least one milestone by scheduling or increasing resources to at least one task . This should result in tangible savings in time /money/resource allocation to the project plan. Produce documentation showing the overall change to time and cost. (Hint: The selected milestone has to be on the critical path.)
8. Produce a finance plan or cash flow, a communication plan, a quality plan, a risk management plan, and a training plan for the project.

Assumptions:
You can assume that TBS would not need to purchase any additional hardware or software for the project.
Any other assumptions that you make must be realistic and fully documented (explained in detail).
Keep your WBS realistic. There is no minimum or maximum lines required, but identifying key activities (summary tasks) and several critical tasks for each should provide a realistic picture. Remember that you have to be able to show and present your strategy to a time-constrained sponsor who wants to see what you can deliver.
This is not an assignment that can be done at the last minute. It will require some planning, time to master/use appropriate software and possibly to mail in the assignment. Students should prepare for this as extensions are not available for this oversight.

Rationale

This assessment has been designed to allow you to show your ability to:
• Be able to demonstrate how a practicing project manager actually applies project management skills, methods, techniques and tools ;
• Be able to use an industry standard project management software tool (typically Microsoft Project 2010 or earlier, but can be any project software you are otherwise familiar with - see note above regarding merlin software for mac users); 
• Apply project management skills, methods, techniques and tools to a real world problem typical of a project manager;
• Be able to describe what exactly a quality system is and how it is achieved in project development; and
• Be able to identify how the disciplined application of quality assurance can lead to significant productivity gains.
• Be able to demonstrate how to expedite project tasks during project delivery


Related Discussions:- Scheduling or budgeting

Common Stock, If you have 10,000 shares of common stock sold at $10 per sha...

If you have 10,000 shares of common stock sold at $10 per share; and 100,000 shares authorized at $1 par value how would you show this on the balance sheet? Also if we issue 10,00

What accounting method (cash or accrual) would you recommend, What Accounti...

What Accounting method (cash or accrual) would you recommend for the following businesses? a. A gift shop with average annual gross receipts of $900,000 b. an accounting partnershi

Determine the price of stock and profit, First's current stock price is $26...

First's current stock price is $260. The price may rise to $300 or fall to $170 in one month. The risk-free interest rate is 18% per year. a. Using the replication portfolio app

Designs income statement, Please use the information below to complete Form...

Please use the information below to complete Form 1120S and the Schedule K-1%u2019s for Form 1120S. Blank forms can be found on the Hands-On Assignment page or in Doc Sharing. If y

Inventory, HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL

HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL

The adjusting entry, The company pays its employees at the end of the day F...

The company pays its employees at the end of the day Friday for work done during that five-day work-week. Total wages for a week are $16,000. In the current year, December 31 occur

Limitations of the five year period of analysis, Q. Limitations of the five...

Q. Limitations of the five year period of analysis? A number of restrictions to the analysis potentially arise - The approach doesn't take account of future benefits/costs a

Breach of trust-trusts laws and accounts, BREACH OF TRUST Remedies avai...

BREACH OF TRUST Remedies available to beneficiary: Injunction, Personal action, Criminal liability. Defence of trusts: He may be relieved from liability if, in the opini

Bond that matures in 12 years, You just purchased a bond that matures in 12...

You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and has an 7% yearly coupon. The bond has a present yield of 5.74%. What is the bond's yield

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd