Discuss the risks involvedand how they will be managed


Assignment- Preparing a Business Case / Project Proposal

Length: 2000 words.

Background

CDU is offering a small business loan for a deserving student's entrepreneurial endeavour. It has been left up to the CDU representative to oversee the business case submissions and ascertain whetherthey are indeed viable and worthy of funding.

In order to receive the funding the project must meet the following criteria*:

• It must benefit the community - either the community as a whole or a select segment of the population.
• It must be in Australia.
• It must be a unique endeavor (i.e. no franchises)
• It must be completed within one (1) year.
• It must have a budget between $25,000 and $50,000
• It must generate income(though not necessarily break even in the first year.)
• It must relate to your area of study (Bachelor of Information Technologydegree program)
• It must not rely on any sort of sponsor, grants, donations or volunteer help. All staff, supplies etc. must be part of the allocated budget.
• All statements must have legitimate references. (Refer to School of Engineering's homepage for further details on preferred format.)
• The lecturer from Charles Darwin University is your project sponsor.

Business Case Proposal/ Project Proposal (Format)

1. Title page

a. Project title
b. Name and student number
c. Group(Wednesday, Thursday or External)

2. Table of Contents

3. Executive Summary

4. Overview

a. Reasons/Business objectives of this proposal

• Identify the problem to be solved or need to be filled.
• How does it benefit the community?
• What are the expected outputs?

b. Performance measurement (quantifiable)

5. Expected Benefits/Current situation and market opportunities

a. Market analysis

- Describe the current market and/or trends.
- Is there a market for this project?

b. SWOT analysis

c. Output analysis

- Summarise the market in relation to the SWOT analysis.
- Describe the specific target market and where this project stands in relation to that market?
- Dis-benefit

6. Project requirements

a. List and describe the requirements needed to carry out this project.
b. List and describe the possible assumptions for this project.
c. List and describe the constraints for this project.

7. Costs

a. How much does it cost? (Main costs and overall budget)
b. Identify the tools used for cost analysis

8. Major Risks

a. Identify five major risks, to the best of your knowledge, in implementing this proposal
b. Discuss the risks involvedand how they will be managed.

9. Timescale

a. How long will it take to complete the project?
b. List and describe the major milestones.
c. Schedule/Gantt Chart

10. Conclusion

11. References (Harvard referencing please)

Appendix A

CHOOSING YOUR PROJECT

a. Area of Study-It's best to do something that is related to your degree program. The reasoning behind this is that we want you to focus on Project Management and how it will relate to your area of interest.

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

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Business Management: Discuss the risks involvedand how they will be managed
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