Due Week 3 and worth 150 points During Week 1, you were prompted to submit a project topic to your instructor for approval. This assignment will be the foundation for the project you develop throughout the course. Once you have received your professor’s approval for your project topic, this assignment will help you organize the components of your project. Write a 3-4 page paper in which you: The proposed write up is stated below at the very bottom, titled: Business Development/startup for Choice Spring LLC,please use this as a guide and yardstick or better use your discretion. State the type of project and identify the business problem it will solve. Determine three (3) major deliverables of the project. Assess the impact of not doing this project and the three (3) major risks of doing it. Assign the measurement criteria for each deliverable that will be used in the project. Estimate the costs and timeline involved with the project. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Analyze corporate strategy and the project life cycle phases to define the project and initiate a project plan. Apply the concepts of project management to prioritize project portfolios and align the projects with corporate strategies, culture, and organization. Use technology and information resources to research issues in project management. Write clearly and concisely about project management using proper writing mechanics. Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills. Click here to access the rubric for this assignment. Business Development/startup for Choice Spring LLC The mission of this anticipated project is to start, build and nurture a new business by the name Choice Spring LLC which its office will be located and headquartered in Towson, Maryland, The defined goal is to help individuals, families and companies attain financial goals and needs and to be competitive in its set industry, some of the products/services to be offered are and not limited to, health/life insurance, commercial policies for your business, rental/home insurance,401k/Retirement/IRA plans, Mutual funds and Stocks etc The set vision and mission of this company is a six(6) month goal to get the company up and running, the first was to pick out a name, register the business name and acquire all licenses to operate in each services rendered, meet state regulations and secure office space in the Towson area, Towson was chosen as it is without much competition, has the social class needed, statistics shows the elites in the Baltimore area live in Towson, the Cultural values abound well, the strengths, weaknesses, opportunities and threats facing the nature of the business and business location have all been factored in and the positive does outweigh the negatives which will further be discussed, have put all this into consideration and moving on with this project making the presence of Choice Spring LLC know is another great mission, joining the chambers of commerce, sponsoring community events/sports programs for kids/youth are just examples of ways to set foot in the door. The project is also to device means of marketing the company and its products and some of the options are but not limited to direct mailing, word of mouth, referrals, internet leads, cold calling, event marketing, sales representatives are assigned to individuals/families and some to strictly render our services to companies/businesses and also have individual assigned to each project goal, giving room for division of labor and able to attain the best of each assigned projects and reports are giving to me at a given and appointed time and/or days of the week The company/project as a budget of no more than fifteen thousand dollars to embark of this project and see it come through, this funds includes, rent/bills, office equipment, marketing, logistics, bonding, payroll and other miscellaneous, this are funds to be managed and rationed well with hopes of having left over yet maximizing every step along the way as opportunities present itself.
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