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Potential Solution For Project Charter

The document outlines a project charter for organizing the ABC annual new investor dinner aimed at attracting 40 potential investors to enhance business opportunities. The event is scheduled for June 30, 2023, with a budget of $14,000, and aims to generate significant revenue by presenting ABC's investment portfolio. Key risks include attendee no-shows and restaurant-related issues that could impact the event's success.

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Silga
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20 views2 pages

Potential Solution For Project Charter

The document outlines a project charter for organizing the ABC annual new investor dinner aimed at attracting 40 potential investors to enhance business opportunities. The event is scheduled for June 30, 2023, with a budget of $14,000, and aims to generate significant revenue by presenting ABC's investment portfolio. Key risks include attendee no-shows and restaurant-related issues that could impact the event's success.

Uploaded by

Silga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Project Charter Potential Solution

Charter Item Comments


Project Name ABC annual new investor dinner
Organize a dinner for 40 potential investors. The goal is to gain business for
Project Goal
the ABC firm.
• Present ABC’s investment portfolio to potential investors over a
Project Value pleasant dinner
Proposition and • Increase overall customer base. Each potential investor brings an
Benefits average of $12,000 in revenue annually
• Continue to compete with similar businesses
Problem or
The investment market is highly competitive. This dinner allows ABC to meet
Opportunity with prospective investors before they solicit the services of a competitor.
Statement
Planning Starts: 1st March 2023
Project Schedule
Event Date: 30th June 2023
Project Manager Sidney Morris
Approval
Authority/Sponsor Martha Wilson

Assumptions:
• All invitees will attend.
• Approximately 70% of attendees will seek services from ABC
• Restaurant can accommodate needs
Assumptions or • IT and AV support are internally available
Constraints
Constraints:
• Budget $14,000
• Abide by legal and regulatory guidelines
• June 30th, 2023 has been set for the event
• Restaurant must support attendee numbers and parking requirements
Proposed • Plan the event
Solution(s) • Execute the event
• Perform follow up actions
1. Schedule: Cannot deviate from the 30th of June 2023
Project Priorities 2. Budget: $14,000
3. Scope: Semi-flexible. Create the best possible environment for the
investors
Return on Cost: $14,000
Investment (ROI)
Revenue: 22 x $12,000 = $264,000
Risks • Attendees do not show up - Reduction in revenue opportunities
• Restaurant issues - Investors not happy with the food or environment
(Potential) • Parking shortage - Customers arrive late and are frustrated
• Cost overruns - Reduced Return on Investment (ROI)
Project Charter Potential Solution

• AV or IT issues - Presentation effectiveness reduced

• Core project team members


• IT and AV support
Resources • Event speakers
Required
• Finance manager
• Vendor manager
• Contracting

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