PMO201 Project Management : Provide Significant Benefit

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PMO201 Project Management

Questions:

To receive the funding, the project must meet the following criteria:

• It must benefit a community either a community or a select segment of the population.

• It must be in Australia.

• It must be a unique endeavour 

• It must be completed within one (1) year.

• It can generate income (though not necessarily break even in the first year). If it does not generate income it must provide significant benefit to a community, which must be quantified by a high score using a weighted score model 

• It must relate to your area of study (degree program)

Business Case Proposal

 1. Title Page

a. Project title

2. Table of Contents

3. Executive Summary one or two paragraphs
        
4. Reasons for Doing the Project

5. List the Business Options

6. Quantitative Analysis 

Use one of the following techniques to quantify the viability of the project you can use the business options as different projects

b. Identify the expected benefits.

a. List and describe the possible assumptions for this project.

b. List and describe the constraints for this project. 

8. Costs 

Estimate roughly how much it will cost you can do an Internet search and briefly explain how you estimated cost.

9. Major Risks 

a. Identify five (5) risks and quantify their potential likelihood and severity.

b. Indicate how each of the above-mentioned risks will be managed

10. Timescale 

a. How long is the estimated time to complete the project?

b. List and describe the major milestones.

11. Conclusion and References .

a. Area of Study   It’s best to do something that is related to your degree program. It can also be related to your current work or profession. The reasoning behind this is that we want you to focus on Project Management and how it will relate to your area of interest.

b. Business case does NOT mean a business  Consider hosting an event. There are thousands of charities out there that undertake some sort of clever fundraising initiatives. Google away.

c. If you’re still stuck on ideas, consider

Example:

Jane is studying business and works part-time as an assistant at a law practice.  Ideally, she would choose a project that incorporates her studies and takes advantage of her working knowledge of the legal system she’s not a barrister so can’t provide actual legal advice. Most likely, while in that office, she has come across a few areas that she has found to be lacking in support or in need of a bit more attention. Well, besides a coffee and muffin delivery service, she’s not having any waves of inspiration.

Now, outside of work, Jane’s interests include basketball, reading and painting. She even volunteers by teaching arts and crafts classes once a week at the local senior centre. While teaching, she hears about the woes that some of the elderly attendees have encountered with legal issues related to estates, medical bills, wills, etc. Hmmm, maybe she could work with some first-year barristers to get them to come in and provide reduced fee services. It’ would be a business and she knows the legal system. “Ok”, she thinks, “There’s an idea.” 

But, as she is walking around the senior centre’s craft room, she notices that a number of the students want to take their work outside, but because of their mobility scooters, it’s proving a difficult task. If only there was a device that would allow them to attach an easel to their scooters or walkers. Hmmm, there’s an idea. Looking further, she sees that some of those scooters are looking a little worse for wear. Wouldn’t it be funny if some of them were painted like V-8 race cars? 

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