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Role and response of Project risk management
Role and response of Project risk management
Role and response of Project risk management
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Recommended: Role and response of Project risk management
Business Risk Assessment
1. INTRODUCTION 4
1.1 PURPOSE OF THIS DOCUMENT 4
2. PROJECT DEFINITION 5
2.1 AIM 5
2.2 OBJECTIVES 5
2.3 DELIVERABLES 5
3. PROJECT ORGANISATION STRUCTURE 6
3.1 MANAGEMENT ORGANISATION 6
3.2 PROJECT STEERING COMMITTEE 6
3.3 TECHNICAL COMMITTEE 7
3.4 PROJECT MANAGERS 8
3.5 TECHNICAL MANAGER 9
3.6 CHANGES TO ORGANISATION STRUCTURE 9
4. PROJECT RESOURCES 10
4.1 CUT PROJECT RESOURCES 10
4.2 ENET PROJECT RESOURCES 10
5. REPORTING PROCEDURES 11
5.1 CHECKPOINT MEETINGS 11
5.2 HIGHLIGHT REPORT 11
6. CHANGE CONTROL PROCEDURES 12
6.1 PROJECT ISSUES 12
6.2 REQUESTS FOR CHANGE 12
6.3 IMPLEMENTING VARIATIONS AND CHANGES 13
7. QUALITY ASSURANCE AND ACCEPTANCE 14
7.1 INFORMAL REVIEWS 14
8. PROJECT PLAN 15
8.1 PROJECT MILESTONES 15
9. RISKS 16
9.1 ASSUMPTIONS 16
9.2 BUSINESS RISKS 16
9.3 PROJECT RISKS 16
9.4 CONTINGENCY PLAN FOR PROJECT RISKS 17
10. PROJECT PLAN 18
APPENDIX A 20
PROJECT GANTT CHART 20
1. Introduction
1.1 Purpose of this Document
The purpose of this document is to assess the prospects of opening up a new branch of Marfin Popular Bank in the Mall of Cyprus in Nicosia.
It will act as a base document, upon which the Bank's Committee for Premises Management can evaluate the costs, benefits and viability of the Project's implementation.
2. Project definition
2.1 Description of the Project
The idea for this study derives from the upcoming opening of a new shopping centre of unprecedented scale in a prime location in Nicosia, called "the Mall of Cyprus". The Mall which is constructed by the most important conglomerate that is active in Cyprus the Shakolas Group is expected to highly affect the shopping habits of the city's inhabitants and of people from other towns. The building itself is by far going to be the largest shopping premise on the island and, in addition to the various shops, it will include a large Carrefour supermarket, a movie multiplex and several restaurants.
Due to the Bank's need and internal policy for having presence at all major geographical areas and important business centers, the Mall can be considered as a vital location for consumer banking. Marfin was first to recognize the importance of having branches in such locations with continuous flow of people, as proven by its small branches in the smaller "Orfanides" shopping centers in Limassol and Nicosia. The experience gained through time and the financial results of the specific branches can be utilized as a basis on valuating the project's potential.
Furthermore the overall corporate strategy of Marfin Popular Bank, as recently set by its new leadership, puts great emphasis on retail banking and on gaining a larger market share in the local market. A branch in the Mall seemingly falls well under this strategy, as the Mall is a place where people of all ages and interests pass by: youngsters going to the movies, families going grocery shopping or casual shoppers. ATM machines will certainly have a high usage in such a prime shopping location, but most of all; the Bank will have the ability to implement more direct marketing campaigns aimed at the end consumer.
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
...the customer had completed their bank transaction they could return to the ground level and enjoy a moment of shopping at the various retail shops that were housed in the dedicated retail spaces directly below the main banking floor.
Porcini’s Inc. is undergoing the process of growth and change. It is evident that the firm is entering in another phase that the management are pondering. The firm has employees who have the customer oriented minds and the management of Porcini’s expects them to cultivate the right customer attitude. The right kind of people is giving the entity the competiveness that the firm requires. There is risks when the growth of the firm grows or expands very fast than it can be controlled by the management. Given the fact that management need to select the options fully. Porcini’s management is conducting a customer research that will determine the customer’s needs in the market. The operation strategy, customer research and the location analysis for possible expansion will create huge value to the firm in the long
This chapter covers the overview of the country in a short history, banking system, commercial banks and interest rate theory. The chapter provides also the theoretical review of interest rate and profitability.
Mall appreciators argue that the malls are centers of entertainment and pleasure for mall visitors. George Lewis in “The mall as Refuge”, asserts that “kids come to look around, meet and make friends, stay away from home and hang out- because there is nowhere else to go” (1990, P. 309). He believes that teenagers go to malls to socialize and to escape from the troubles in their lives and at home. Therefore, malls serve as a second home for kids. Similarly, Lewis says that with the controlled environment of malls, with the security and the central location of malls as a good reason why many retired, and old people visit malls. Here they get to meet up with old friends, exercise, eat out, and share experiences with their old friends. These two groups as Lewis claims are misfits in society because; the world considers them as unproductive. Jon Pahl also ...
Goss argues that developers and designers of the built environment, specifically shopping centers and malls, use the power of place and understanding the structural layout of the space to boost consumption of the retail profits. Shopping centers are separated from the downtown area of shopping, either by distance and/or design. These establishments emerge for many to be the new heart and location for public and social life. In his article The "Magic of the Mall": An Analysis of Form, Function, and Meaning in the Contemporary Retail Built Environment, Goss also argues that the regulation of the spaces within the mall creates an atmosphere of "community" rather than one that is "public". This article’s main argument is that developers manufacture an illusion of doing more than just shopping when designing malls and shopping centers.
Initially the bank’s core banking system was product oriented, but the need of the hour was to develop a customer oriented system, because the challenge is to build customer loyalty, cross sell, and enhance repeat business.
According to “The Mall Phenomenon” the average person spends $330.82 in a mall that is an increase from past years where the average was $316.80. Also, according to “The Mall Phenomenon” people will on average visit the mall 3.4 times per month and stay 1 hour and 24 minutes in the mall. People tend to go to stores and spend time and money as a stress reliever which can help and also hurt you. In this essay, I will be telling you about the “Grand Mall Seizure” also I will be telling you about the “Champagne Taste, Beer Budget.” The other thing I will be talking about in this essay is what mall/stores I spend most of my time and money in.
This paper will analyze the mission and vision statements of JPMorgan Chase & Co against the performance of the organization. An evaluation of how well the company lives out its mission and vision statement will be provided. The organization’s strategic goals link to the company’s mission and vision will be assessed. An analysis of the company’s financial performance to determine the link between the company’s strategic goals, strategy, and its financial performance. A competitive and marketing analysis of JPMorgan Chase & Co will be conducted to determine its strengths and opportunities.
A good location can have a significant impact in attracting potential customers, thus improving sales. Especially in the case of a supermarket, location is more important than other business sector. Customers never drive long distances to only buy daily necessities. Moreover, favorable location gives efficiency to company’s logistics because unnecessary moving cost can be cut down. So, we can say that it is important factor for the successful operation of the supermarket.
Finally, the mall is a wonderful entertainment center. Not only do people go there to shop, but they also got there for relaxation. There are movies sometimes as many as fifteen or sixteen. In addition, arcades are available for children, teens and adults. Some parents drop their children off at the arcade, give them a roll of quarters and pick them up after they have completed their shopping. For the hungry shopper there is a food court, which provides fast food for those shoppers who want to relax and possibly have a cocktail with their meal, other restaurants are available.
The concept of grocery stores and supermarkets industry is an idea that has been created in order to make easier human`s life. According to the study “The Evolution of the Supermarket Industry From A&P to Wal-Mart” by Ellickson, who explains that a century ago people had to jump from one store to another store in order to get different products such as milk, meat, bread and other products. In addition, in the article “Understanding Groceries Industry” by The Reinvestment Fund, they state that back in a day the concept of grocery stores was created based on the owner`s store needs. Later on, as the development of the society and the standards of customer needs increased, the owners of the grocery stores started to be more focused on their customer needs. Also, the study of “Understanding Groceries Industry” shows that the supermarket and grocery stores industry is in their mature stage as they have developed an extensive and solid customer service.
The study is primarily designed to find out the continuous issue of the banking system in
This essay will explain the main duties of the financial manager in a retail setting, the difference between a financial plan and a budget, how a budget can contribute to a business achieving its aims, the definition of a commercial manager and the five key qualities or skills that a commercial manager needs in order to succeed in this position.
Places such as coffee shops and lounges have been included in the structures of these malls to give consumers a more comfortable feeling of relaxation. Instead of shopping and leaving people are more enticed to sit back and relax. Enjoying a meal and a cup of coffee while shopping has become a time consuming yet enjoyable process for most shoppers. It's suggested that the longer a person stays the more money they are bound to spend. Mall managers and scientist are not attempting to manipulate the consumer but more so enhance their shopping experience. There's also a sense of creativity and connectivity found in calming environments such as coffee shops that establishments like shopping malls are trying to bring to the shopping