Case Study Of Feasibility Of A Business Plan

Introduction:

As a start-up entrepreneur, we are required to provide a business plan for launching a new model of mobile to potential investors in order to secure funding for our new business concept. This new model name is “Chat ” and company will need a new business plan which will distinguish “Chat ” from current mobile models.

Feasibility of a Business Plan:

First we need a work plan that has tactful objectives but a limited time span and specific scope of work which includes the desired end-result deliverables, end date and resource constraints. So, in the beginning new business opportunity will be evaluated in terms of feasibility dimensions.

Dimension of Feasibility:

The feasibility of “Chat ” model will be accessed by three main

Scope of Work:

By launching a new model, change in various business parameters occurs, but these changes must be carefully managed and must not be so huge that the business is stealthily redefined. So, for “Chat ” launch an agreement on scope between sponsor and project manager establishes a periphery within which resources and budget are allocated. As an entrepreneur, scope will be precisely defined in terms of the work breakdown structure and task analysis. An unknown or changing scope constantly redefines the business and the assumptions guiding allocation of resources.

Risk Assessed and Mitigated:

“Chat ” has a potential harm of quality, time, cost that may arise from a process or a future event. A "risk" is a possibility on a vulnerability to cause an adverse impact. As a entrepreneur, “Chat ” threats, vulnerabilities and negative impacts will be minimized. Competitive and credible human resource for implementation and of new launch will be formulated. Amongst all the components, human resource is the primary key to success because they achieve project objectives. Staffing is the most changeable resource and it dynamically responds to quality, cost and timing constraints. So, staffing represents the maximum risk factor no matter what other budget, resource or time risks may also exist. The new business plan objectives must be

Task reporting technology features developed from:

(1) paper-based techniques of challenging and also high priced to maintain up thus far,

(2) Desktop computer software which usually built tracking and also record generation far more cost-effective, and also

(3) Now in order to on the web web-based techniques which usually provide you with the tremendous benefit for energetic real-time reputation reporting.

While using PM system positive aspects your Task Director, workgroup associates, task sponsors, and also the Crew in general. Work Breakdown Structure (WBS) for “Chat