Question

1. List 3 goals in SMART Format for the new campus building project at HMC Sheridan College

2. List 3 assumptions for the new campus building project at HMC Sheridan

3. List 3 constraints for the new campus building project at HMC Sheridan

Answer 1

New campus building project

SMART goals

1)- Allocating budget of Rs 50 lacs for building base floor in first six months of construction

Specific- Rs 30 lacs
Measurable- Can be measured by progression of cash accounts and month-wise track records

Achievable- Company can achieve this by asking builders and engineers to work under this budget and encourage them for optimal utilisation of resources

Relevant- Encourage low-cost development techniques and mechanisms, with tech

Time-specific- it can be completed in six months

2)- Get two High-quality Investors and partners in December

Specific: We want high-quality associations and investors so as to promote the growth of campus

Measurable: Two highly desired partners

Achievable: Can be achieved by curative leads and utilising personal networks and contacts

Relevant: If the goal is achieved, it will result in growth and brand positioning with additional admissions

Time-bound: Goal has to be achieved up till December

3)- Confirm that the HR department have completed hiring and recruiting 20 skilled teachers for every department by the end of seven months of construction

Specific: 20 teachers are to be recruited as soon as possible

Measurable: We have applications of around 50 professionals, therefore 20 teachers are to be recruited

Achievable: It is easy to complete the process in such an adequate time

Relevant: As soon as the construction is completed, this will help to further commence classes and admissions on faster pace

Time-bound: To be executed in seven months on construction

Assumptions: These are expected occurrences hoped during the life cycle of a project and are build on past experiences or in-hand data or information.

The suppliers will deliver every equipment on time and we will get every resource needed for construction of the campus

During the spring and rainy season, cheap labour will be available

The engineers and builders have all the required skill sets and mechanisms

Construction expenses will approximately the same as the budgeted costs.

Constraints: These are limitations imposed before the beginning of the project and could be a business or technical type of constraint.

We will achieve the first goal within six months of the construction process

There will be a team of ten engineers deployed on-site for construction

The workers will have to work construct with the available resources and techniques eg: cement, bulldozers, bricks etc

The building should be resistant against 7.0 richer earthquake