A Project Plan for the Board of Directors

A Project Plan for the Board of Directors

Project file

Background and scope of the Project

Custom furniture manufacturing is currently a very competitive industry, with more and more companies emerging with unique features and styles (Kerzner, 2017). However, it is very challenging for a single company like Kingston-Bryce Limited (KBL) to be in a position to possess all the creativity and innovation in the sector, regardless of its level of management resource capacity. Every firm is unique and inclined to specific organizational structures. Company initiate projects to always have a comparative advantage and be more successful (Wheelwright & Clark, 1992). However, problems linked to the professional workforce, aspect, and duration seem to be exclusive and continuously changing. This specific project plan for Kingston-Bryce Limited (KBL)’s Board of Directors has been developed to link financial growth and general development of the company and present it to the executives. This project also emphasizes guaranteeing that purchasing a competitor who specializes in custom furniture would facilitate productivity and some of the latest modern types of machinery. Moreover, the company is also visioning to expand, perceived to provide current and classic services regarding manufacturing furniture.

Goal Description Statement

The purpose of the project will be to purchase one of the competitive firms in the furniture manufacturing industry that is specialized in custom furniture. The project aims at linking the community to the company to have their furniture custom made. This would enable Kingston-Bryce Limited (KBL) to expand operations and triple its workforce.

The Project’s Target:

• To optimize marketing and providing a client with modern and classic artwork in terms of furniture
• To design a transparent chain of communication between the company and the client and serve them promptly when need be

Approach for Managing the Project

The project will be effectively managed by a professional, with teams of other employees. To achieve the project with more efficiency, PRojects IN Controlled Environments (PRINCE2), too, will be employed since it is very flexible, and the outputs will be determined (Newton, 2016). The strategy is featured by-products that are delivered on time within reasonable cost estimates.

Moreover, the roles of the team will be predetermined prior to the commencement of the project, with every member aware of their various responsibilities. The team leader will be answerable to the project manager and will have to submit reports on the process every week.

The roles are predetermined before the kickoff of the project, and every member of the project is well aware of their responsibilities towards to successful execution of the project.

The Project’s Scope

The operational team focuses on creating a network and producing a product that can aid in the future to expand the range to other alternative products. Initially, the project will have to be tested in local neighborhoods.

Deliverables and Tasks

Operational team: develop an emergency project plan; determining resourcing and probable existence for reallocation; formulate a final report of the functions with suggestions for review and resolution by the project manager, and evaluating risks.

Strategy team: provide highlights on the policies that may be needed and report assessment

Project Milestones

The project will have specified and unique milestones to enable the effective flow of activities.  The project’s milestone to comprise the following:

• The project manager to design approval by making the clients aware of what to expect from various from the changes. The communication then be channeled to specific clients who order for their product; then an exact timing to be issued
• Recruiting individuals for key roles. The staff will be identified by asking the most relevant question in the interview
• External vendors needed to prompt a comprehensive analysis and market research regarding the proposed firm to be bought. Since the vendor has already been determined, a proposal request sent to the vendor and feedback monitored
• Reaching Key Performance Indicators to assist in the monitoring of the project’s performance
• Release of product samples to the client to test and get review on possible changes to make
• Fixing defects
• Project completion/approval. Here vendor contracts will be terminated, a project completion report will be produced, and the project team to be relieved of their duties.

TIMELINE

Project Stakeholders

Provision of the main stakeholders and team members

Termination of the Project

During the ending of the project, the output and determination of the success or failure of the project would be highlighted.

Steps for the finishing stage:

• Assessing and evaluating project performance
• Documentation
• Performance reviews
• Evaluate budget and sustaining the task.

BUDGET

References

Kerzner, H. (2017). Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley & Sons.

Newton, R. (2016). Project Management Step by Step: How to plan and manage a highly successful project. Pearson UK.

Wheelwright, S. C., & Clark, K. B. (1992). Creating project plans to focus on product development (pp. 70-82). Harvard Business School Pub…