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Project Overview

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14 views4 pages

Project Overview

hdsh

Uploaded by

infoindigoqatar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Project Overview

Project Title: Trading in Testing and measuring environmental indicators


Project Manager: Muhammed Ali shihab Bava
Company: IKONIX ENGINEERING SERVICES
Location: Qatar
Start Date: 01/11/2024

Project Description
It is a trading or business of automated measurement, control, and
measurement devices. This field generally encompasses a range of products
used in industrial automation, process control, and laboratory testing. This is
a company that will be managed by an Indian nationality person.

Objectives
Successfully implement the trading contract.
Ensure compliance with local laws and regulations.
Establish a sustainable trading relationship with partners.

Financial Analysis
Sales revenue : 485,000/-
Cost of goods sold: 72,750/-
Gross profit (Sales revenue - cost of goods sold): 412,250/-
Operating expenses (Rent, wages, other): 329,800/-
Operating profit (Gross profit - Operating expenses): 82,450/-
Tax (10%): 8,245/-
Net profit (Operating profit - Tax): 74,205/-

Operational Analysis
The company will be managed by on person who will be the manager with
full and absolute power. There will be 4 employees in the starting of the
business.
Scope of Work
Activities:
Contract review and negotiation.
Legal compliance and registration.
Setting up the trading operations.
Establishing supply chain logistics.
Quality control and assurance.
Financial management and reporting.
Deliverables:
Finalized trading contract.
Legal documentation.
Operational trading system.
Supply chain and logistics plan.
Quality assurance reports.

Timeline
Phase 1: Planning and Preparation (Weeks 1-2)

Identify stakeholders and assign roles.


Gather requirements and understand legal obligations.
Draft initial contract terms.
Phase 2: Contract Negotiation and Finalization (Weeks 3-4)

Engage with legal teams.


Finalize the contract.
Phase 3: Operational Setup (Weeks 5-8)

Establish supply chain logistics.


Set up financial management systems.
Conduct quality control tests.
Phase 4: Implementation and Monitoring (Weeks 9-12)

Launch trading operations.


Monitor performance and adjust as needed.
Regular reporting to stakeholders.

Resources
Human Resources: Project manager, legal team, financial advisors, quality
assurance team, logistics managers.
Financial Resources: Budget allocation for legal fees, logistics, operational
setup.
Tools & Technology: Contract management software, supply chain
management tools, financial management systems.

Risk Management
Potential Risks:
Delays in contract negotiation.
Non-compliance with local laws.
Supply chain disruptions.
Mitigation Strategies:

Communication Plan
Internal Communication: Regular team meetings, status reports, project
management tools.
External Communication: Regular updates to stakeholders, partners, and
legal advisors.

Monitoring and Evaluation


KPIs:
Timely completion of contract negotiation.
Legal compliance.
Successful setup of operations.
Profitability of trading operations.
Review Meetings: Bi-weekly meetings to assess progress and address any
issues.
Conclusion
Final Review: Conduct a post-implementation review to assess the project's
success and document lessons learned for future projects.

Approval
Sign-Off: Obtain necessary approvals from stakeholders and finalize the
project plan.

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