Anas Alsalahat
Introduction
The Petra Coffee Shop requires an elaborate project management plan. Through a detailed project plan, it will be possible for the business to be implemented and come to completion. The project plan will identify all the deliverables that will be required during the project development and implementation. Additionally, the plan will provide some alternatives that will enhance its achievement of the project if the identified process fails. For the success of the project, there is need to have all the required resources. The availability of the resources will enhance the seamless adoption of the new measures that will result in the full development of the Petra Coffee Shop.
The work breakdown structure
Number
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Task
Start Date
Finish Date
Resource
Project announcement and assignment
2/15/16
12/20/16
Budget, management, executive teams
Petra Coffee shop meeting announcement
2/15/16
12/15/17
Departmental Petra Coffee shop meeting to make announcement for restructure/reorganization
Employee evaluation and reassignment
2/21/16
3/21/16
Policy/member services with management and HR
IT/ Configuration upgrade systems
2/15/16
3/18/16
Technical support, configuration, IT
Interior decorating and staging new areas
3/1/16
3/15/16
Design and human resource
Meet with stakeholders. Write project plan including communication, change
3/5/16
3/5/16
Executive department, stakeholders, management
Management and risk management plans
2/25/16
3/25/16
Risk management
Handover areas of accountability
2/16/16
5/16/16
Executive, management, HR, talent advisories
Training update, certification, management, ready to implement new goals and objectives
2/15/16
12/15/16
Human resources
New division/ departments created
2/17/16
12/17/16
Management, services teams, supervision
Update project plans
12/1/16
12/1/16
Executive department, stakeholders, management
Provide performance report
2/15/16
12/15/16
Department management
Formalize the conclusion of project
12/28/16
12/15/16
Executive department, leadership team for organization project
Budget meeting to confirm stats and budget
1/1/16
12/1/16
Executive department, leadership team for organization project
New hire/ surveillance, training, reorganizing positions
1/1/16
12/1/16
Human resource and talent manager
Department board update
2/1/16
12/1/16
Executive, department, leadership team for organization project.
Revitalize project Petra Coffee shop meeting update
1/15/16
12/15/17
Overall Petra Coffee shop meeting all employees
Put up security systems and measures
1/5/16
12/25/16
Security personnel and equipment
Conducting environmental audit and assessment
12/2/16
12/18/16
Environmental specialist
Put up mitigation and contingencies planning
1/1/16
12/6/17
Mitigation policies and plans, budget
Analyze and evaluate project plan
12/2/16
12/27/16
Budget, additional equipment
Grand re-opening for the Petra Coffee shop.
12/1/17
12/6/17
Project manager
Risk management plan and Qualitative analysis
Negligible
Marginal
Critical
Catastrophic
Certain
High
High
Extreme
Extreme
Likely
Moderate
High
High
Extreme
Possible
Low
Moderate
High
Extreme
Unlikely
Low
Low
Moderate
Extreme
Rare
Low
Low
Moderate
High
The business. The risks are categorized into was, and one looks at how they impact on the firm. Some risks cause negligible effects to the operation of the Petra Coffee shop. These effects can be ignored, and the companies and the business will continue functioning just fine (McNeil et al, 2015). Marginal effects will call for the business to need to act though these risks can be ignored but not for extended periods of time. Lastly, critical risks call for the business to identify ways and measures that need to be identified and implemented for the success of the firm.
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On the other hand, it’s not a guarantee that these risks will occur. Therefore, they are categorized as certain, likely, possible, unlikely and rare (Haimes, 2015). Certain risks are the ones that the business is sure they will occur while the rare ones are the risks whose chances of happening are very small no matter their effects to the operations of the Petra Coffee Business.
Risk identification and categorization
Risk category
Possible negative risk areas
Possible positive risk areas
Strategy
Business performance
Investor relations
Communication of strategic direction set by board
Joint venture management
Planning
Target setting, vision and goals
New business opportunities
Strategy development
Management activity
Human resources
Remuneration and entitlements
Workplace industrial relations
Employee safety and health
Employment practices
Performance incentivisation
Workers compensation
Diversity
Recruitment and retention
Communication
Skills availability, training and development
Information technology
Data security
Service maintenance
Sharing of classified information
Data management
Service delivery
System development and new systems
Data integrity
Availability
Marketing
Image and reputation
Customer service
Obsolescence
Competitive positioning
Product liability
New products
Project management
Research and development
Trademarks
pricing and costing
Risk response planning
There are various risks that the Petra Coffee Shop business will face during the project development process. These risks will need solid plans that will contribute to overcoming them that ensures they do not impact on the business negatively.
First, careful planning and identification of alternatives. Through careful planning, it will be possible to identify the risks that face the business. The identification of risk will result to their anticipation (Aven, 2015). As such, the Petra Coffee Shop project management will determine the available alternatives that could be implemented if the main project fails. The implementation of the alternatives will facilitate the continuity of the project which will see the project come to an end successfully. Secondly, availability of finances avails sufficient resources; the project management will have enough financial base that will enable them to overcome most of the obstacles that will be anticipated along the way or the barriers that were just emergencies. The ability to have such resources makes it possible for the project to continue and come to an end (Aven, 2015). Additionally, financial resources facilitate the integration of the new alternatives that had been earlier identified.
References
Aven, T. (2015). Risk analysis. John Wiley & Sons.
Haimes, Y. Y. (2015). Risk modeling, assessment, and management. John Wiley & Sons.
McNeil, A. J., Frey, R., & Embrechts, P. (2015). Quantitative risk management: Concepts, techniques and tools. Princeton university press.
