Pm592 Cp1

In: Other Topics

Submitted By davmenon
Words 2696
Pages 11
Executive Summary/Proposal –
Our motto and our mission is "Health for Life." Menon’s Yoga Centre, LLC intends to fulfill the mission through the opening of multiple Yoga centers. Initially our first centre will be used as model on which to base additional franchised studios.
Yoga is growing trend in health and fitness industry and Menon’s Yoga centre will teach both traditional and unique styles of Yoga classes. This blend of styles draws more customers than typical studios attract. By capitalizing on this strength, we are in unique position to create nationally recognized style of teaching and recognized brand. The primary objective is to open a flagship centre that will draw clients from other local studios. Franchise additional studios under the Menon’s Yoga Centre brand, will establish our unique system of yoga training as branded system. The objective to open our first local studio, train teachers in our methodology create branded retail products then expand our unique yoga fitness system into recognizable market culture. The second step is to train teachers and staff. The Mission Statement Menon’s Yoga Centre, LLC, is dedicated to promoting healthier living and reduced stress through yoga and meditation classes and massage therapy.
Classes are offered morning afternoon and evening seven days week to accommodate all of our clients' schedules. The Centre will be open daily from 8 a.m. to 8 p.m. Massage therapy meditation classes and private classes will be offered as contracted services and scheduled by appointment.

One full time employee will be the business manager and responsible for the day to day operations, accounting sales marketing and future business development.

Experienced yoga students tend to try new studios teachers and styles of teaching. Advertising new style of yoga in new studio will draw many students from competing studios;…...

Similar Documents

Pm592

...PM-592 Week 2 Assignment Problem 2-1 Basic Estimating Problem Equipment $15,000 $35,000 $10,000 $1200 $9,990 = $71,190 Installation/Labor 8hrs * $35/hr = $280/per day per worker 2 Maintenance specialists * $280 per day = $560 $560 * 2 Days = $1120 $1120 + Contract Labor $7,500 = $8620 Overhead $71,190 * 15% = $10,678.50 $8,620 * 3% = $258.60 $71,190 * 5% = 3,559.50 +8.620 * 5% = 3,990.50 Total Overhead = 14,927.60 2-2 (a) Expected price .24 + 4(.30) + .62 /6 = 0.34 (b) Expected Usage 37 + 4(40) + 49/6 = 41 tons (c) Expected total cost (simple method) = 41 tons @ .34 per pound and 1 ton is equal to 2000 lbs 41 tons * 2000 = 82,000 82,000 * .34 = $27,880 (d) Expected cost: $0.34/lb * 82,000 lbs = $27,880 Most optimistic cost: $0.24/lb * 74,000 lbs = $17,760 Most pessimistic cost: $0.62/lb * 98,000 lbs = $60,760 The final estimated cost for the material is: (($17,760 + (4 * $27,880) + $60,760))/6 = $31,673.33 2-3 (a) 1.50 ($80 + $3 + $6) + 1.20($7 + $5.5 + $6.5)+ 1.05($15 + $12 +$3.70+$1.50+$18) =$209.01 209 / 1000 = $0.21 (b) $0.21 @ 150% markup (2.5 * $0.21) = $0.525 (2 * $0.525) = $1.05 (c. ) I feel to believe that the project can be approved if an attempt to minimize risk was applied to the situation. (d) My recommendation to reduce or eliminate any contingency from a budget would start with identifying the risk. Then formulate a plan that tackles the risk. Insure all terms as it......

Words: 295 - Pages: 2

Pm592

...Executive Summary Brown Equity Group franchises multi-unit real estate developments. Our service will be to develop Chicago Place, a 200 unit residential dwelling with the goal to extend long term leases, expand rent growth and maximize cap rate compression over a 5 year plan. Chicago Place is expected costs are $1,517,290.00, over a 18 month duration that could possible gross $1,122,240.00 of potential revenue   Project Description This proposal covers the development of one new, large multi-unit property that will bring potential opportunities to buy high quality real estate from distressed sellers at a discount to replacement cost with meaningful upside potential from lease-up, rent growth and maximize cap rate compression. In this plan, the strategy of Chicago Place will be to purchase, construct, maximize rents in each unit thus increasing.   WBS 1 Acquisition & Planning 1.1 Grounds 1.1.1 Franchise Fee 1.1.2 Purchase Land 1.1.3 Hire Architect 1.1.4 Review & Approve Blue Prints 1.1.5 General Contractor Solicitation 1.1.6 Hire General Contractor 1.1.7 Submit Blue Prints to City 1.1.8 Purchase Permits 1.1.9 Order Utilities 2 Construct Building 2.1 General Contractor 2.1.1 Land 2.1.1.1 Excavate Land 2.1.1.2 Prep Footing & Foundation 2.1.1.3 City Inspection - Footing & Foundation 2.1.1.4 Pour Concrete - Footing & Foundation 2.1.1.5 Frame Building 2.1.1.6 Install Floor Sheathing 2.1.1.7 City Inspection - Framing 2.1.2...

Words: 2649 - Pages: 11

Pm592 Week 5 Assignment

...Pm592 Week 5 Assignment PM 592 Week 5 Assignment Problem 5-1 – Earned Value Calculation 1. What are the PV, EV and AC for the project at the end of end Day 6? PV = $101,000 AC = $88,880 EV = (PV x % Completed) = 101,000 x 6/7 = $86,860 2. What are the SV, CV, SPI and CPI for the project? SV = (EV-PV) = $86,860 - $88,880 = $-14,140 (Project is behind schedule) CV = (EV-AC) = $86,860 - $88,880 = $-2,020 (Project is over budget) SPI = (EV/PV) = .86 (If the number is below 1.0 which means the project is behind schedule) CPI = (EV/AC) = .97 (If the number is below 1.0, so the cost is greater than budget (over-budget) 3. Asses the project performance to date? Do you get to have the celebration. No celebration. The project at the end of day 6 is overbudget and behind schedule. Problem 5-2 – 1. Calculate the schedule variance for each task and the total project. - (EV-PV) Task A – (1600 – 1600) = 0 Task B – (4000 – 4000) = 0 Task C – (12,645 – 14050) = -1405 Task D – (580 – 1450) = -870 Task E – (0 – 2000) = -2000 Task F- = 0 Task G = 0 Total SV = -4275 2. Calculate the cost variance for each task and the total project. - (EV-AC) Task A – (1600 – 1800) = -200 Task B – (4000 – 4500) = -500 Task C – (12,645 – 13500) = -855 Task D – (580 – 500) = 80 Task E – (0 – 0) = 0 Task F- = 0 Task G = 0 Total C = -1475 3. What is your......

Words: 320 - Pages: 2

Pm592 Cp-2

...CP-2 Theme Park PM592 Project Cost and Schedule Control Oct 21, 2012 Introduction The construction of the new theme park project is laid out for 180 days of construction to finish. This project has a start Date of Monday April 4, 2008. The preliminary cost is $4,449,920.00 and with a completion date of December 19, 2008. The theme park will include a Ferris wheel, Rope course, Climbing walls, Carousel, Bowling, Go carts, and a Mini golf. The desired walk through date is December 18, 2008 with a grand opening on December 19, 2008. Executive Summary It has been 6 months since the start of the project and we now have 40% of the tasks complete. The actual cost so far to date is $1,230,683.00. There are many of the scheduled tasks behind in this schedule. The entire project thus far is behind schedule with a work performance index of .66 and 12% behind schedule. There are corrective actions that can get this project beck on schedule at minimal cost. This project should not be abandoned and should continue forward with the support of the investors. Schedule 1 This data is being supplied from MS Project. The WBS includes all work that has to be done to complete the project from start to finish. The current WBS includes all the data and baseline, review date and the current date is set to October, 1, 2008. The project start date is April, 14, 2008. Nearly 6 months into the project it is set at 40% complete. This shows the project is behind schedule. The...

Words: 3824 - Pages: 16

Proj592 Cp1

...Course Project Part 1 Executive Summary – This report provides an analysis and evaluation of the costs and profitability of building a new AT&T retail location to support its growing consumer market. A budget and schedule will be formulated in order to gage the profitability of opening a new location. A WBS (work breakdown schedule) will also be formulated that will give us a breakdown of all work that is to be done. The WBS will give the different workgroups a schedule of responsibilities to adhere to. The cost analysis shows that it will be beneficial for AT&T to build a new location to service its growing customer base in this specific area. There are a couple of areas of concern that require further investigation and action by management. The recommendations discussed include: * Improving the accuracy of customer penetration as compared to location population * Improving/decreasing IT time to deploy all technologies needed in a retail location * Reducing waiting times for contractors to do work The report also investigates the fact that the analysis conducted has limitations. Some of the limitations include: the most resent population numbers in this area are not very current. The cost of a build out in this area is not known since there are no other locations in a 20 mile radius. The average cost of the build out is based on locations being built in neighboring cities. Project Scope Statement – Project Objective This project......

Words: 469 - Pages: 2

Pm592

...For CP2 you will set your CP1 project and document deliverable aside and start fresh. Your task is to use this document and the data provided to create a project file using Microsoft Project. The data below will establish a project budget and schedule baseline with Budget = $4,449,920.00 and a highly desired completion date of 12/19/08. We are trying to create a scenario for a time that is 'out in the future' here. We are fast forwarding the project and loading some fictional information to create a scenario for you to analyze using Earned Value and then provide course corrections to the project. The project at this future date shows that our project is not performing very well. However, you are given the opportunity to make some changes to the project to still complete it on the desired date of 12/19/08. These directions help you set the Gantt to represent the anticipated 50% completion 'date' of 10/1/08. This is the date where the project 'should be' 50% complete. You do NOT set the project to 50% complete, you set it to 40%. These are two different things and these 2 parameters set up the scenario for you to generate EV data and tell me about how the project is doing. % Complete (The Reality) The 40% should be set by you by setting the top level task (project name) to 40%. This is how 'done' we are saying we actually are with the project at this point in time. % Scheduled (The Plan) The date (i.e. point in time) provided for the review fast forwards the......

Words: 2773 - Pages: 12

Pm592

...Instructions: Please complete all 3 multi-part problems for this week's assignment. 2-1 Basic Estimating Problem Your company is installing a new piece of machining equipment and a robotic arm. Your manager asks for the project costs by cost category as well as the total amount. Given the following information, develop a base cost estimate by grouping costs by Equipment / Material (items 1 – 4), Installation / Labor (items 5 and 6), and Overhead (items 7-9). 1. Two pieces of equipment costing $ 15,000 and $ 35,000 2. Material required for electrical hook-up is 400 feet at $ 25 per foot 3. Controls for each piece of equipment are estimated at $ 600 each 4. Required start-up material is 3,700 pounds at $ 2.70 per pound 5. Company labor for installation requires two maintenance specialists for two days at eight hours per day and $ 35 per hour 6. Contract labor is estimated at a fixed price of $ 7,500 7. Engineering is estimated to be 15% of (equipment / material) cost based on past experience 8. Inspection is estimated to be 3% of (labor) cost based on past experience 9. General and Administrative expenses are estimated to be 5% of the total of (equipment / material) and (labor) based on past experience. Note: For this problem, only items 5 and 6 are considered "labor" for the purpose of calculating items 8 and 9. Check answer: Total project cost = $94,737.60 Equipment Costs | | $15,000.00 | $35,000.00 | $50,000.00 | ......

Words: 1097 - Pages: 5

Pm592 Course Project 1

...Project Proposal: Local Grind To Investors Investing PM592 – Summer 2011 Executive Summary When you think of coffee in the Northwest, most people know there is Starbucks and small coffee shops. Coffee shops have become a familiar feature of American communities, not only for the purchase of a morning cup of coffee and snacks, but for mid-day and evening as well. With the introduction of fancy espresso-based coffee and drinks, people are spending between $3 and $6 for their cappuccino, mocha latte, vanilla ice blended drink, or other flavored drink that may be coffee based. Privately owned coffee houses have been on the increase for over 20 years because they are relatively recession proof. Leading companies, such as Starbucks and Peet’s, are located in almost every major city in the US. Small unique coffee shops like the Local Grind are able to compete with these larger chains; they are able to develop competitive advantages by catering to the specific demographics of their location and by personalizing their services to cater local needs. Our goal is to provide quality coffee related services and products by capitalizing on an untapped demographic that has many potential un-serviced customer. To accomplish our goals, we are requesting $100,000 from your company, as an initial investment to set up operations. We plan to invest an additional 20% from our own resources, up front, for the start up operational costs. Local Grind is scheduled to open for......

Words: 2591 - Pages: 11

Pm592 Week 6 Hw

...Problems 6-1: Forecasting project completion (Ungraded) A project has been estimated to take six weeks and cost $130,000. Cost and percent complete data are provided in the table below through 3 weeks of the project. % scheduled data can be obtained from the Gantt chart following the table. Task | $/Task | Week 1 | Week 2 | Week 3 | Week 4 | Week 5 | Week 6 | A | $5,000 | 100% | 100% | 100% | | | | B | $10,000 | 50% | 70% | 100% | | | | C | $25,000 | | 40% | 80% | | | | D | $30,000 | | 20% | 45% | | | | E | $10,000 | | | | | | | F | $20,000 | | | | | | | G | $20,000 | | | 50% | | | | H | $10,000 |   | 80% | 100% |   |   |   |   | ACWP | $12,000 | $38,000 | $66,000 |   |   |   | Task | BAC | % Comp | BCWP (EV) | BCWS (PV) | ACWP (AC) | cv | sv | cpi | svi | A | $5,000 | 100% | $5,000 | $5,000 | $5,500 | ($500) | $0 | 0.91 | 1.00 | B | $10,000 | 100% | $10,000 | $10,000 | $9,500 | $500 | $0 | 1.05 | 1.00 | C | $25,000 | 80% | $20,000 | $25,000 | $19,000 | $1,000 | ($5,000) | 1.05 | 0.80 | D | $30,000 | 45% | $13,500 | $20,000 | $12,500 | $1,000 | ($6,500) | 1.08 | 0.68 | E | $10,000 |   |   |   |   |   |   |   |   | F | $20,000 |   |   |   |   |   |   |   |   | G | $20,000 | 50% | $10,000 | $10,000 | $9,000 | $1,000 | $0 | 1.11 | 1.00 | H | $10,000 | 100% | $10,000 | $10,000 | $10,500 | ($500) | $0 | 0.95 | 1.00 |   | $130,000......

Words: 743 - Pages: 3

Pm592 Week 2

...  Week two assignment 2-1 Basic Estimating Problem Equipment Costs $15,000.00 $35,000.00 $50,000.00 Electrical Hook-up 400 Feet $25.00/Ft $10,000.00 Equipment Controls 2 $600.00 $1,200.00 Start-up Materials 3700 Lbs $2.70/Lb $9,990.00 Total Equipment & Material $71,190.00 Personnel 2/day for 8 hours 32 Hours $35.00 Per Hour $1,120.00 Contract Labor Fixed Costs $7,500.00 $7,500.00 Total Installation & Labor $8,620.00 $8,620.00 Engineering Costs for Equip & Materials 15% $10,678.50 Inspections 3% $00,258.60 General & Admin 5% $03,990.50 2-2 Three-point Estimate Problem (a) Use the three-point estimating process to determine the expected price of the material. =(0.24+(4*0.30)+0.62)/6 = $0.34/lb. (b) Use the three-point estimating process to determine to determine the expected amount of structural steel needed for the project? =(37+(4*40)+49)/6 = 41 tons (c) Using the estimates from 1 & 2, what is the expected cost for structural steel over the life of the project? $ 0.34 * 82,000 = $27,880 (d) Using the "Complex" three-point method, what is the expected cost for structural steel over the life of the project? Expected cost: 0.34 * 82,000 = $27,880 Most optimistic cost: 0.24 * 74,000 = $17,760 Most pessimistic cost: 0...

Words: 436 - Pages: 2

Sm Cp1

...Chapter 1 The correct answer for each question is indicated by a . | ------------------------------------------------- Top of Form | 1 CORRECT | | Which of the following statements about a company's strategy is true? | | | A) | Crafting an excellent strategy is more important than executing it well. | | | B) | Managers at all companies face three central questions in thinking strategically about their company's present circumstances and prospects: What's the company's present situation? Where does the company need to go from here? How should it get there? | | | C) | A company's strategy deals with whether the revenue-cost-profit economics of its business model demonstrate the viability of the business enterprise as a whole. | | | D) | Masterful strategies come partly (maybe mostly) by doing things in much the same way as the industry leader but then being better than the leader in one particular area that counts heavily with buyers. | | | E) | Whether a company's strategy is ethical or not does not matter a lot because most customers and most suppliers are relatively unconcerned whether a company they do business with engages in sleazy practices or turns a blind eye to below-board behavior on the part of its employees. | | | | | | | | 2 CORRECT | | The competitive moves and business approaches a company's management are using grow the business, attract and please customers, compete successfully, conduct operations, and achieve......

Words: 1120 - Pages: 5

Pm592

...1. (TCO B) Crashing Problem Using the network below and the additional information provided, find: (a) The crash cost per day per activity. (b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost? Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $350 B 3 2 $250 $295 C 6 4 $400 $540 D 5 3 $150 $270 (Points : 16) 2. (TCO F) We have discussed at length the Earned Value Management process. I am sure all of you have used the traditional process of assessing projects where we compare actual dollars spent to the amount we had planned to spend. This was quick and easy, but it has its shortcomings, and the Earned Value Management process is said to be better. (a) Why is this traditional approach different from using earned value when assessing project performance? (b) Describe the EVM process used to determine how far our project is ahead of or behind schedule. (Points : 16) 3. (TCO E) The following information is extracted from a project to develop a state of the art alternative power energy storage device: Activity Duration Predecessors Resources A 4 days -- 1 Research Engineer B 3 days ...

Words: 580 - Pages: 3

Pm592 Cp2

...Directions For CP2 you will set your CP1 project and document deliverable aside and start fresh. Your task is to use this document and the data provided to create a project file using Microsoft Project. The data below will establish a project budget and schedule baseline with Budget = $4,449,920.00 and a highly desired completion date of 12/19/08. We are trying to create a scenario for a time that is 'out in the future' here. We are fast forwarding the project and loading some fictional information to create a scenario for you to analyze using Earned Value and then provide course corrections to the project. The project at this future date shows that our project is not performing very well. However, you are given the opportunity to make some changes to the project to still complete it on the desired date of 12/19/08. These directions help you set the Gantt to represent the anticipated 50% completion 'date' of 10/1/08. This is the date where the project 'should be' 50% complete. You do NOT set the project to 50% complete, you set it to 40%. These are two different things and these 2 parameters set up the scenario for you to generate EV data and tell me about how the project is doing.  % Complete (The Reality) The 40% should be set by you by setting the top level task (project name) to 40%. This is how 'done' we are saying we actually are with the project at this point in time.  % Scheduled (The Plan) The date (i.e. point in time) provided for the review fast......

Words: 2818 - Pages: 12

Pm592

...Week 2 Assignment Antwan M. Maddox Amad410@gmail.com PM592ON – Project Cost and Schedule Control – Section B Professor Atwater November 6, 2011 2-1 Basic Estimating Problem Your company is installing a new piece of machining equipment and a robotic arm. Your manager asks for the project costs by cost category as well as the total amount. Given the following information, develop a base cost estimate by grouping costs by Equipment / Material (items 1 – 4), Installation / Labor (items 5 and 6), and Overhead (items 7-9). 1. Two pieces of equipment costing $ 15,000 and $ 35,000 2. 3. 4. 5. Material required for electrical hook-up is 400 feet at $ 25 per foot Controls for each piece of equipment are estimated at $ 600 each Required start-up material is 3,700 pounds at $ 2.70 per pound Company labor for installation requires two maintenance specialists for two days at eight hours per day and $ 35 per hour 6. Contract labor is estimated at a fixed price of $ 7,500 7. Engineering is estimated to be 15% of (equipment / material) cost based on past experience 8. Inspection is estimated to be 3% of (labor) cost based on past experience 9. General and Administrative expenses are estimated to be 5% of the total of (equipment / material) and (labor) based on past experience. Note: For this problem, only items 5 and 6 are considered "labor" for the purpose of calculating items 8 and 9. Charge Equipment Costs Equipment 1 2 Quantity 1 Rate $15,000 Cost......

Words: 1148 - Pages: 5

Cp1 Project

...Assume you are the project manager for a new business venture. This venture will require financing, but once completed, will generate revenue and, eventually, a profit over cost. For CP-1, you are to write a Project Proposal with enough detail to convince investors to finance your idea. This Project Proposal will require detailed cost and revenue estimates and a credible schedule to win investor support. Select a venture of personal interest. Read the Proposal Requirements below to help you select a suitable idea. For example, select a venture where you can identify realistic cost and scheduling concerns. Opening a small retail storefront or a franchise is one example. Do NOT propose building a house, because investors typically already have financing before beginning such a project. When selecting your project, keep in mind the goal of CP-1 is to apply the techniques introduced during the course. Focus on detailed cost estimating, scheduling, and project justification. Estimating includes specific assumptions made during the estimating process, as well as quantities, unit prices, hourly rates for tasks, and accumulated totals. Justification will include an NPV analysis of costs vs. projected detailed revenue streams over a five year period with cash inflows and outflows over the project life. Start-up and other costs, and revenue streams, should be derived from detailed project cost estimates and sales forecasts. When you establish your financial data you must be......

Words: 641 - Pages: 3