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Create a risk register and work breakdown structure

For your class project, you may choose one that is of interest to you. When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small).My project is attched here.

DEE’S JEWELS PROJECT PROPOSAL OUTLINE

1.0 Executive summary

The purpose of this project proposal is to provide an outline for an upcoming clothing store clearly and then use it as a plan and guide to understanding the business more concisely. Additionally, it seeks to align the different elements of the store to increase transparency and openness on the affairs of the business.

The clothing store is referred to as Dee’s Boutique, and it’s located in Washington D.C. It offers a great variety and selection of different clothing designs and accessories. Some of the items available includes tops, bottoms, shoes, and jewelry made either of gold, platinum, or diamond.

Dee’s boutique shop targets women, and men. As their primary market more especially the sociable and professional. The designs from the shop are designed explicitly for formal, casual, and business occasions. Customers can either purchase or order for customized designs at the shop at any time of the day and in the future online. The management of Dee’s boutique heavily relies on customer reports and feedbacks to improve on the services and products they offer.

2.0 Overview of the business

Dee’s Boutique essentially deals with the production and sale of clothing and jewelry. The shop also distributes these items to local retail outlets in the outskirts of Washington D.C on request.

2.1 Objective

The fundamental objective is to be the top leading boutique shop and to delight our different customers by offering quality products and service.

2.2 Shop description

The store Dee’s Boutique is an upcoming shop located in Washington D.C. Currently, the store does not have any branches, but with subsequent expansions soon then satellite outlets will be established. The shop is owned by a local businessman by the name Danetta Johnson. It offers a diversified range of jewelry and clothing products, which are created by professional designers.

2.3 Form of ownership

Danetta Johnson is the sole owner of the boutique; he has a rich experience in designing and selling clothing and jewelry.

3.0 Market analysis

The jewelry market in the United States is mildly saturated; however, with proper market positioning Dee’s Jewels has earned a portion of the total market share of the entire jewelry market in New York City

3.1 The product

Dee’s jewels specifically make and sell platinum, gold, and diamond jewelry that are finely crafted for the sociable and professional woman and men. The jewelry selection uniquely ranges in various sizes, styles, and colors to meet the needs and wants of the modern everyday woman.

3.2 Comparative analyses

Some of the well-known competitors for Dee’s jewels in New York and near are Blue Nile Store and Yanina & Co. Fine jewelry (Foursquare lists,2019). The store’s competitive edge is that it concentrates on selling gold and platinum jewelry which other competitors don’t do.

3.3 Licenses

Business license

Designs patents

Business patents

ISO 9001 series

3.5 marketing plan

Dee’s Jewels has employed efficient marketing plans in a bid to promote its products. Some of the strategies it has employed include; advertising both through the social media and on face to face basis.

Marketing strategy

The shop primary targets women and men in the city of New York. It’s for this reason that the store spends a significant portion of its net profits on marketing strategies customized to attract and net down the targeted market base (Ibis World, 2017).

Demographics

Professional and sociable woman and men

Women/men at the age of 18 and above

Women/men in a moderate to high income group

3.6 Operational plan

Dee’s Jewels has a well outlined and formal operational structure. The shop has the production and sales departments which facilitate in the production and subsequent sale of jewelry.

Plan location

Dee’s Jewels is located in New York City, and this is where it designs and sells the jewelry. This is essentially because its primary market is found in the city. Occasionally, the shop works with fashion and big publication magazines in an effort to improve and popularize the brand image.

3.7 Organization plan

The store is headed by a director who is also the owner. However, day to day operations of the store is lead by the manager who supervises the production and sales personnel.

3.8 Financial plan

The losses and profits show the profitability of the store; the store prepares; a balance sheet, income statement, and cash flow statements to showcase the financial health of the enterprise.

4.0 Conclusion

This proposal outline has clearly showcased the fundamental dynamics Dee’s jewels and its operations in the production and sale of jewelry in New York City

Project Charter

1.0 Project Identification

Name

Dee’s boutique

Description

Design, develop and implement

Sponsor

Catherine Wilson

Project Manager

Danetta Johnson

Project Team Resources

Communications, Policy, Healthy Workplace, Advisory group, marketing, team, organizational team, management, budgeting

2.0 Business reasons for project

· Improve the ability of company to find the right client market.

· Supplements and builds on current activities of departmental recognition.

· Complements human capital values of companies.

· Element of management of results.

3.0 Project OBJECTIVES (purpose)

· Build a culture in the workplace that includes daily recognition and feedback.

· Recognizing workers for their high-quality work and public service contribution.

· To develop a clothing line marketing strategy.

· Innovate in the clothing line.

· To be the top leading boutique shop and to delight our different customers by offering quality.

products and service.

4.0 Project Scope

▪The purpose of this project proposal is to provide an outline for an upcoming clothing store clearly and then use it as a plan and guide to understanding the business more concisely. Additionally, it seeks to align the different elements of the store so as to increase transparency and openness on the affairs of the business.

5.0 key Project DELIVERABLES

Name

Description

Outline

How the document is going to be structured

Project charter

Market Analysis

How market positioning Dee’s boutique has earned a portion of the total market share of the entire apparel and jewelry market in Washington D.C.

Comparative Analysis

Some of the well-known competitors for Dee’s boutique in Washington D.C and near are Macy’s and Kay Jewelers The store’s competitive edge is that it concentrates on apparel, gold, and platinum jewelry which other competitors do not do.

Product Analysis

To include general, and corporate research

Market Plan

Dee’s boutique has employed efficient marketing plans in a bid to promote its products. Some of the strategies it has employed include advertising both through the social media and on face-to-face basis.

Market Strategy

The shop primary targets women and men in Washington D.C. It is for this reason that the store spends a significant portion of its net profits on marketing strategies customized to attract and net down the targeted market base.

Operational plan

Dee’s boutique has a well outlined and formal operational structure. The shop has the production and sales departments which facilitate in the production and subsequent sale of its products.

Plan location

Dee’s boutique is located in Washington D.C, and this is where it designs and sells the products. This is essentially because its primary market is found in the city. Occasionally, the shop works with fashion and big publication magazines in an effort to improve and popularize the brand image.

Organization plan

The store is headed by a director who is also the owner. However, day to day operations of the store is lead by the manager who supervises the production and sales personnel.

Financial Plan

The losses and profits show the profitability of the store; the store prepares; a balance sheet, income statement, and cash flow statements to showcase the financial health of the enterprise.

6.0 Milestone dates

Item

Major Events / Milestones

Dates

1.

Outline

2.

Project charter

3.

Market Analysis

4.

Comparative Analysis

5.

Product Analysis

6.

Market Plan

7.

Market Strategy

8.

Operational Plan

9.

Plan location

10.

Organization Plan

11.

Financial Plan

7.0 RISKS

Severity

Description

Medium

Licenses permissions

High

Financial losses

Medium

Manager do not record correctly on sales

Low

Women is not in the high-income group

High

Pandemic losses

8.0 PROJECT’S CRITERIA FOR SUCCESS (MUST BE MEASURABLE)

▪ Create a plan that does not involve huge expenses.

▪ Create a good management plan to avoid misunderstanding and a good management of the store (income analysis)

▪ Income analysis for pandemic solutions and strategies for increasing it.

9.0 CRITICAL SUCCESS FACTORS

· ▪Buy-in and support from senior leaders, HR community, managers, employees

· ▪Effective communication

· ▪Employee awareness of department purpose, priorities, objectives, goals, and values

· ▪Recognition efforts need to be timely; meaningful; fair; inclusive

10.0 Signoff

Project Sponsor:

Date: