Question

Create a project charter for a real world project such as landscaping the grounds surrounding nearby business offices, building a deck for a house, or holding a big graduation celebration. Be creative in specifying your needs.

Consider the below points while making a project charter:

Provides sponsor approval
Commits funding for the project
Summarizes key conditions and parameters
Establishes framework to develop baseline plan
Project title
Purpose
Description
Objective
Success criteria or expected benefits
Funding
Major deliverables
Acceptance criteria
Milestone schedule
Key assumptions
Constraints
Major risks
Approval requirements
Project manager
Reporting requirements
Sponsor designee
Approval signature

Answer 1

Establishing a food court in the premises of software company ‘X”

Due to the unavailability of good food courts or eateries in nearby places, establishing a Food court for all the working professionals is a good business opportunity and also a long pending requirement by the software engineers.

Opening a food courts with variety of food options such as burgers, meals, juice and other snack items would fulfill the needs of various people who sometimes need a snack break from the tiring working hours.

To set up this venture, a handsome funding and sponsor’s help would be needed. This funding would be utilized to create a good ambiance and other logistics, which is essential to run a medium sized food court.

This business holds a promising benefit in near future, if it is being run sincerely and with a proper business plan. Since every individual looks for a healthy and hygienic food, hence fulfilling this requirement would automatically attract major footfalls once food court is operational. Also the absence of any other food court in nearby area makes this idea more relevant and profit making venture.

To attract the funding, advertisement would be published in leading newspapers to attract the sponsors such as KFC, McDonald, Burger King and other small restaurant owners. Also some potential investors would be contacted to invest some money in this start up.

To initiate the entire proceedings, a project manager would be hired along with competent team members, who can take care of all the initial formalities and final set up. Appointment and project initiation would be supported by all the investors in writing and small share of their money would be channelized through formal route.

All the potential risks and envisaged milestones would be recorded in Risk register book where all the potential risks and time events would be recorded and agreed upon by all the stakeholders.

Once funding part is closed, we will set up a timeline of 6 months to establish the set up and making it fully functional. The first board-meeting would be conducted after an year to take stock of the business performance and understand any challenges or further opportunities.