Rosie’s Pet Accessories is a new business, emerging in the pet products market. The start of the new business has been separated into three definite proposals; the website, the business plan and the accounting systems. Additionally, the plan will serve as an agreement between the following parties: Project Sponsor, Steering Committee, Project Manager, Project Team, and other personnel associated with and/or affected by the project.
The company is aware of the risks of starting a new business and the difficulties they will face, especially with accounting. The major problem they have recognised is the need for an easy to use, computerised and online accounting software, so they can keep costs down by not having to hire a full-time accountant.
Since there is no one at the company with previous accounting experience, they have decided to investigate the real cost/benefit of different accounting software for a modern accounting system. Current accounting is being done using Microsoft Excel and the business will start operating in the near future.
By launching the business, Rosie’s Pet Accessories will be providing specialty products to a niche market of female pet owners between in New Zealand, between 18 and 40. The business is set to launch within 6 months, which means that the website, the business plan and the accounting system all need to be completed within this time.
This proposal is surrounding the accounting systems which will make accounting and book keeping simpler, will be easy to use after basic training, computerised and online accounting software, so they can keep costs down by not having to hire a full-time accountant.
Rosie’s Pet Accessories initially has identified the following high...
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...ogies, 2014) The project manager and their team, consistently communicate with the customer, in this case Rosie’s Pet Accessories, throughout the duration of the project.
Research has shown that using an Agile Methodology increases the likelihood of the success of the project, compared to more traditional methods.
This is due to high stakeholder engagement, transparency, early and predictable delivery, predictable costs and schedule, allows for change, focusing on business values, focusing on customers, and improving quality. (Zolyak, 2013)
The disadvantages of this type of project methodology that can lead to project failure, stem from problems with the amount of interest the customer has in the project, the dedication of the team, amount of scheduled work within a sprint, communication, or quality. (Projects, 2013)