Week4

For this assignment, work with your CLC team to develop a project scope statement and work breakdown structure (WBS) for the project chosen in Module 2. 

You may use Microsoft Word, Microsoft Excel, Microsoft PowerPoint, or Microsoft Visio to complete this assignment. You may optionally use project management scheduling software to create the WBS. Note that use of project management scheduling software is optional and not required.

Refer to chapter 4 of your textbook for examples of project scope statements and layouts of a WBS.  A good WBS example is shown in Figure 4.4.

CLC PROJECT SELECTION 2017: THE RETAIL STORE 1

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CLC PROJECT SELECTION 2017: THE RETAIL STORE

CLC Project Selection 2017: The Retail Store

Green Group

September 10, 2017

CLC Project Selection 2017: The Retail Store

The Retail Store is a small community-based company whose motto is where convenience, quality, and community are our purpose. This motto along with the company’s mission and vision statements shows how The Retail Store strives to be an integral part of each community it serves. To this effort, The Retail Store has given our team the task to create project proposals and select one proposal to start a process that best fits both “Must” and “Want” objectives. During the analysis and selection process, the team needed to maintain a focus and make sure everything we did would fit into the company’s mission and vision statement. The following document explains our process we undertook to select a primary project, explaining why it was chosen and how the project fits the company’s mission, vision, and objectives.

“Retail Store” Priority Analysis Worksheet

Proposal 1Proposal 2Proposal 3Proposal 4
Proposal “Must” Objectives –(Meets Objectives: Yes / No – N/A (No Impact)) – Yes=10, No=0,N/A=0
Achieve Annual Sales of 5 MillionYes -10Yes – 10Yes – 10Yes – 10
Improving 10 Low-Income CommunitiesYes – 10Yes – 10No Impact – 0Yes – 10
Expand Core Products 10%Yes – 10N/A – 0Yes – 10Yes – 10
Proposal “Want” ObjectivesRate each Category by importance rate 1-10 (1 least important – 10 most important)
Expand Store Size 10%9101010
Open New Out of State Store within five years10618
Total49363148

(See appendix “A” full breakdown)

The initial analysis and ultimate determination of The Retail Store project proposals were begun with each members understanding of the companies organizational strategy that is defined in its mission and vision statements. Our mission statement states, “The Retail Store offers customers convenience, quality, and great prices. By doing so, we strive to make each and every community a better place to live.” While our vision statement states “The Retail Store strives to be the leading retail or as measured by fiscal results and community involvement advocacy within every small community.” While the focus of our proposal selection was the company’s mission and vision statements, we were also required to have “Must” objectives including achieving annual sales of at least $5,000,000, participate in the improvement to 10 low-income communities and expand our core product offerings by 10% within a 2-year timeframe. Along with “Must” objectives, there were two “Want” objectives including expand stores sizes by 10% and open at least one store within five years in a neighboring state. The team’s final selection try to encompass as many of these components as possible.

Each of the team’s four members presented quality proposals that in themselves presented difficulties in the selection process due to their potential to meet the needs that the company outlined in proposal requirements and in line with the Company’s organizational strategy. Following a quality analysis of each of the project, it was determined that we would be able to select a proposal that not only incorporates the companies mission and vision statements but also was able to meet both the “Must” and “Want” objectives the company wanted to achieve. The proposal selected included short medium and long-term organizational strategies that would fall in line with the two-year and five-year goals. Proposal number four was selected due to its three-part plan that included community enrichment, revenue generating store improvements involving increased store size, product selection, and additional store locations. Implementation of all three parts would lead to the first “Must” objective and a major part of the vision statement to be a leading retailer with measured fiscal results. Part one of the proposals allows for the increased company and employee involvement in the community they serve and increase involvement in 10 other low-income communities. Along with this increase in community involvement, it further takes into consideration near expiration of products, that can be donated and in return, result in a tax benefit to the company. This community involvement has another benefit to the company by leading to positive company views and increase in customer traffic into each of their stores. Part 2 of the proposal is a medium term project with completion within two years that will increase store space, increase product selection by 10%. Falling within the company’s mission and vision statements of offering quality and great price products and fulfills a “Want” objective of expanding store size by 10%. The 3rd part of the project is a long-term organizational strategy to be completed within a 5-year period and involves the finding a suitable location out-of-state location for a store. Fulfilling a “Want” objective and follows the vision statement of improving fiscal results and positively affecting the “Must” objective of achieving annual sales of at least $5,000,000.

In conclusion, the green team selection of proposal number four was comprehensive and fulfilled both the “Must” and “Want” objectives while maintaining the foundation and organizational strategies that are defined in the company’s mission and vision statements.

Appendix “A”

“Retail Store” Priority Analysis Worksheet

Proposal 1KDProject ScopeIncrease core products by 10%, Enhance community involvement and expand out of state store locations within 5 years.
Proposal 2SHProject ScopeEnhance community involvement by creating community partnerships to increase revenue. Expand store locations within five years.
Proposal 3VKProject ScopeStore expansion that increase store size, and revenue by adding salon services with high-end products.
Proposal 4JMProject ScopeEnhance community involvement, increase core products by 10%, and expand store locations within five years.
Proposal 1 – KDProposal 2 – SHProposal 3 – VKProposal 4 – JM
Proposal “Must” Objectives –(Meets Objectives: Yes / No – N/A (No Impact)) – Yes=10, No=0,N/A=0
Achieve Annual Sales of 5 MillionYes -10Yes – 10Yes – 10Yes – 10
Improving 10 Low-Income CommunitiesYes -10Yes – 10No Impact – 0Yes – 10
Expand Core Products 10%Yes -10N/A – 0Yes – 10Yes – 10
Proposal “Want” ObjectivesRate each Category by importance rate 1-10 (1 least important – 10 most important)
Expand Store Size 10%9101010
Open New Out of State Store within five years10618
Total49363148

Reference:

Grand Canyon University (GCU). (2017). PSC-450 “PSC 450.v10M1R.The Retail Store”. Retrieved from GCU Online Website: https://lc.gcu.edu/learningPlatform/user/users.html

Larson, E. W., & Gray, C. F. (2014, pg. 46-48). Project management: The managerial process (6th ed.). New York: McGraw-Hill/Irwin. ISBN-13: 9780078096594