Quản trị dự án Bài tập quản trị dự án kinh doanh shop

Today, project management is very important, it helps us to study the planning, organization and management, monitoring the development process of the project to ensure the project is co

TABLE OF CONTENTS

Introduction 6

For example: MY PROJECT 7

SWOT and TOWS of my Shop 8

Market Research 11

Financial plan 14

Calculate NPV & IRR 16

Risk management 17

Conclusion 18

References 19

Today, project management is very important, it helps us to study the planning, organization and management, monitoring the development process of the project to ensure the project is completed on time, within the approved budget, quality assurance, achieving specific objectives of the project and the set objectives At Assignment 1 I introduced my project In this Assignment 2, I will go deeper into project appraisal and see if my project can be successful

Project management is the application of processes, methods, knowledge, skills and experience to achieve the

project objectives

A project is a single, fleeting effort that is made to

outputs, results or benefits A project is often considered

successful if the objectives are met according to their

acceptance criteria, within a agreed period of time and

budget An important factor that helps distinguish

project management with only "management" is that it

has the ability to deliver final and finite time, unlike

management that is an ongoing process Because of this a project expert needs a variety of skills; usually technical skills, and certainly a good person management and business awareness skill (apm, n.d, viewed 20 March 2019)

Risk management is what determines the analysis to set out measures to control and control unexpected

situations that adversely affect the project The importance of risk management is the task, which is the risk response that improves the success of the project Develop solutions to eliminate or minimize risks, providing a foundation for understanding the contribution of the project in every measure of the company

Human resources is used to describe both the people who work for a company or organization and the

department responsible for managing resources related to employees The term human resources was first coined in the 1960s when the value of labor relations began to garner attention and when notions such as motivation, organizational behavior, and selection assessments began to take shape

The due diligence process can enable you to spot potential deal breakers and supply checks that the acquisition

is the correct resolution on the proper value Due diligence process is a radical fact-finding mission that permits you to analyze your goal and decide whether or not the acquisition is sensible for your firm If accomplished

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properly, the due diligence process can enable you to spot potential deal breakers/shapers and supply assurances that the acquisition is the correct resolution on the proper value

SWOT is one of the five steps that make up the business strategy of an enterprise, including the establishment

of corporate mandates, SWOT a nalysis,

strategic targeting, formulation of strategic

objectives and plans Strategic, defining

strategic control mechanisms SWOT is the

abbreviation for the first letters of the words

Strengths, Weaknesses, Opportunities and

Threats This is a well-known model in

business analysis of business SWOT helps

bring insights into an organization, project,

or situation so it is particularly useful in decision making, strategic planning, and planning Let's take a look at SWOT analysis commonly used in specific cases such as brainstorming meetings, problem solving (organizational structure, resources, productivity, corporate culture) , Strategy development (competition, product, technology, new market), planning, decision making, product quality assessment, competitor assessment, self development plan

TOWS analysis is a tool which is used to generate, compare and select strategies Strictly speaking it is not the

same as SWOT analysis, and it is certainly not a SWOT analysis which focuses on threats and opportunities This

is a popular misconception TOWS may have similar roots TOWS is a tool for strategy generation and selection; SWOT analysis is a tool for audit and analysis One would use a SWOT at the beginning of the planning process, and a TOWS later as you decide upon ways forward

For example: MY PROJECT.

The project starts on April 1, 2019 and is expected to open September 4, 2019

Project title: Business project of fashion shop.

Objectives: Short-term objectives: to build a store that sells fashion, with the aim of giving customers the latest

and most trendy products With a moderate investment, the ability to recover capital and develop high Build a

shop selling all kinds of fashion with products that meet the needs of customers Long-term objectives: develop

home delivery service so that customers who don't have enough time to shop can still buy goods

SWOT of my Shop.

STRENGTH (S) My shop products range from 200,000 VND to 1,000,000 VND and for ages 20 to 40 years old

Customers not only select products that are suitable for their age but also fit their financial capabilities Finally, my shop has a professional and friendly staff

WEAHNSSES (W) Newly established shop, there are not many familiar customers and not much experience

OPPORTUNITIES (O) My shop get a good product supply and there are always products that match today's

fashion Since my shop is located in the city center, there will be many opportunities to develop

THREATS (T) Must compete with other fashion shops

TOWS of my Shop

Internal Factors

External Factors

Promoting strong points to seize opportunities such as with quality products, reasonable prices, business space and convenient transportation plus marketing capabilities, enthusiastic and happy staff will attract many customers potential

WO

Mobilize capital New businesses often lack capital, so my shop always needs the support of agencies, suppliers, investors and especially the support of customers to increase the feasibility of the project, increase capacity mobilize capital sources and business partners

Take advantage in the competitive process

Based on the advantages compared to competitors, my shop's employees have many skills and are always enthusiastic at work

WT

Learn to get more experience In the current market economy, the business environment is always dynamic, with many potential risks, strong competition of the market makes me more mature in the way

of doing business as well as strengthening the experience

Work breakdown structure

SHOP

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Resource

scheduling

Resource

scheduling

Resource

allocation

Resource

allocation

Budget

preparation

Budget

preparation

Needs specification

Needs specification

Marketing plan

Shop registration

Shop registration

Operation plan Shop opening

Blueprint

preparation

Blueprint

preparation

Organizational structure

Gantt chart

ACCOUNTANT

SHOP OWNER

MANAGE

MARKETING

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Market Research

This survey helped me better understand the current market and it helped me to know what customer needs are

In today's society, fashion is an indispensable thing for each of us And below is the market survey results related to people's fashion needs and related to my business project I created common questions and surveyed more than

50 people live in different districts ( district 1, 3, 5, 10, 11, GoVap, etc.)

We can see that the number of female customers has a higher demand for fashion shopping than male customers Female customers account for 58.3% and male customers account for 41.7% Besides, customers aged between 20 and 30 account for the majority So if my shop imports female fashion items from the age of

20 to 30, it will sell more and get higher profits

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Next, according to my survey results, people often go shopping once a week or twice a week, most of them go shopping on weekends, especially in their free time Moreover, people like to go shopping with family and friends The rest often go shopping alone, and few people go shopping with their boyfriends / girlfriends

Based on the survey results, it can be seen that the amount of money people spend on shopping ranges from

200,000 VND to 1,000,000 VND Some people want to spend less than VND

shopping

Perhaps these

students aged

20 or younger They have not worked and do not have much money Finally, The fashion that people like to wear the most is

fashion according to the current trend and office fashion Some people want to wear dynamic fashion and fashion to party Through the above survey, I think that if I sell fashion items between the ages of

20 and 40 and cost between VND 200,000 and VND 1,000,000, I will sell more products Besides, most people when shopping want clear advice, and my shop's sales staff are very friendly people Customers need advice on any item, the employees will enthusiastic consultants With such things, I believe my project will be successful After my project is successful, I will try to develop it by importing more new items, having more delivery services and expanding more branches

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Financial plan

Estimates of items and capital sources

Since the initial capital is not enough, it is necessary to borrow more capital from TP bank with an interest rate

of 10% 1 year and the payment time is within 3 years Shop will pay a fixed amount:

X= 1−(1+r ) M∗r −3 = 24.126.888VND

(M= 60.000.000VND, r=10%)

Bank repayment plan

Unit:VND

YEAR

S

Debt Balance At The

Beginning Of The Period

Refund In The Period Debt Balance At The End Of

The Period

Loan Interest

%

Original Capital

Capital use structure (Unit:VND)

SALARY OF EMPLOYEES

REVENUE (Average price 650.000 VND a product)

Time Average selling quantity VND revenue / day VND revenue / year

COST (Unit:VND)

Depreciation of fixed assets: the initial investment value is 279.600.000 VND, estimated residual value after three years is 30%

PROFIT

CIT (Corporate income tax): 25%

Cash flow out 279.600.000 1.647.720.166 2.005.767.183 2.304.450.151

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CIT 25% 241.593.278 596.827.606 813.516.616

Value of liquidation = 279.600.000*30% = 83.880.000 VND

Calculate NPV & IRR

Net Present Value ( NPV)

I: Initial Investment

r: The Discount Rate

CF: Net Cash Inflow-Outflows During

Get The Discount Rate is 10% per year

NPV > 0 the investment would add value

to the firm

the project may be accepted

NPV < 0 the investment would subtract

value from the firm

the project may be rejected

NPV = 0 the investment would neither

gain nor lose value for the firm

We should be indifferent in the decision whether to accept or reject the project This project adds no monetary value Decision should be based

on other criteria, e.g., strategic positioning or other factors not explicitly included in the calculation

NPV = -279.600.000 + 724.779.8341+0,1 + 1.790.482 817(1+0,1)2 + 2.440.549 849(1+0,1)3

= 3.692.649.847 > 0

=> THE PROJECT MAY BE ACCEPTED

Internal Rate of Return (IRR)

Calculate IRR through NPV, give NPV = 0, calculate r in NPV formula, r is IRR, we have IRR = r when:

-279.600.000 + 724.779.834

1+IRR + 1.790.482 817(1+IRR)2 + 2.440.549 849(1+IRR)3 = 0

=> IRR = 3,46

We can see the actual rate of return of the IRR project > 10% => THE PROJECT MAY BE ACCEPTED

Profitability Index (PI)

PI = NPV +I|I| = 3.692.649 847+279.600 000|279.600 000| = 14,21 > 1 => THE PROJECT MAY BE ACCEPTED

Risk management

Possible risks: Currently, there are many different fashion shops, so I will have a lot of competitors and there will

be many risks Besides, indirectly affected by changes in natural conditions (rain, storm, etc.), shortcomings in evaluation , damaged materials in transportation transfer, storage Market prices fluctuate leading to the price

of products will increase

Some risk remedies: My shop will always have new items compared to other shop, so it will attract how many

customers and can reduce the risk.Keep track of relevant information sources I will always pay attention to the development direction of competitors as well as the needs of customers And finally is risk mitigation planning Risk prevention plan is implemented separately according to business requirements and business characteristics Restoring the system requires compliance with the investment plan and the specific requirements of the business Risk mitigation plans are implemented, screened, and continuously updated

Conclusion

In short, in order to have a successful project, I need to know how to spend capital and make a reasonable financial plan Besides, knowing how to manage risk also helps my project succeed

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Apm, n.d, viewed 20 March 2019 from https://www.apm.org.uk/resources/what-is-project-management/