Good morning, my dear colleagues.

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Good morning, my dear colleagues.

• _

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Business Project Design

• -working out a business proposal

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Foreword

• Whatever we do, we have an objective or
  objectives. First of all we should be aware of
  what it is. Then we must work out a plan,
  identify markers and implement in accordance
  with our plan. Of course we have to monitor our
  process and make adjustment when necessary. This
  control loop is widely used in planning and
  controlling work.

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• The practical project design in a business
  context with a business proposal ensuing remains
  somehow new to both instructors and its
  practitioners (tutors and learners in our case ).
  
• Various problems may occur in undertaking the
  project. Therefore awareness of them is
  absolutely necessary when we want it to progress
  smoothly. We should have a clear notion of a
  project and its various features, a clear picture
  about practitioners profiles and ourselves.

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What is a project?

• A project is a series of activities carried out
  in order to achieve some specific objectives( a
  pre-specified change ) in a specified period of
  time.

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Basic features of all projects

• Objectives
• Outputs
• Strategies and activities
• A time-scale
• Resources
• Stakeholders
• An environment

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What is it?

• The project will be to take a small business
  which the practitioner is familiar with, and
  produce a simple Business Proposal for a small
  project that could be carried out by the business
  to make it bigger, better, more profitable, or
  more efficient. A real proposal is not requested,
  of course, but it should be as realistic as
  possible.

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Assessment of the Project

• There is a mark of 100 allocated to this
  course
• Tasks in Pare II of the book(20)
• Tasks in Pare IV of the book(20)
• Final Business Proposal (60)

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Identify a problem

• The very first step is to identify a problem,
  which the forthcoming project will solve or help
  solve. We also have to know exactly what is
  happening in the business at present and where to
  start with. Otherwise we dont know whether we
  have achieved anything at the end of our project.
  At this critical stage we have to be careful with
  the scale of the business. A large business would
  not be controllable as to the data or some other
  running policies.

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Creativeness in Identification

• Some learner are really creative and practical in
  identifying a problem. The quoted in the
  following are for reference

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• Adult Toy Project
• Wedding Service Project
• Refectory Expansion Project
• CDMA System

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Current business analysis

• The finacial situation
• The present stock turnover
• Customer profiles(5 marks)

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Needs and wants analysis

• An analysis of unsatisfied customer requests
• Focus groups(5 marks for the report)
• Customer surveys (usually by a means of a
  questionnaire)

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SWOT analysis

• SWOT analysis is needed before we take action to
  make a change or improvement of the business.(10
  marks)
• SWOT stands for the 4 words
• Strengths-Weakness-Opportunities- Threats

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SMART Principle

• Either planning a project or deciding on the
  objectives it needs to be SMART.
• Specific/Measurable/Agreed/Realistic/time-bound
• An exposition of this principle is unnecessary
  in the report, however, it should be salient in
  the objectives set.

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Chart of Activities

• Action plan and activity chart for every week 5
• ?Prioritize the activities and mind the
  connections between the lists.
• ? A critical path analysis marking the critical
• path with broad arrows and add the sponsor to
  it when necessary.
• ? official permission or certificates or licence
  if necessary

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Costing

• Cost of materials and equipment
• Cost of time and labour
• Cost of finance
• Contingency allowance
• Forms, charts and diagrams can be used to
  demonstrate the cost breakdown.

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• Risk analysis and management plan 5
• Stakeholder analysis
• ?people related
• ? Time related
• ? Product related
• The project framework 10

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Difficulties

• ? Be not very familiar with the business you
  choose because the students may never be involved
  in business before. Therefore , students are
  inexperienced.
• ? It is a little difficult to express business
  items in English.
• ? Difficult to keep the pace due to the
  barriers resulting from geographical isolation,
  personal or work commitments.

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Feedback from Prof. Huang

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• SWOT ??????,(?Human Resource),???????????????????
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  stics)?????????10?,????7??????????????,?(Human
  Resource)????????500?,???????????,???????????(Log
  istics)?????,???????????????SMART???????,????????
  ?????,??????(Piano Bar)?

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• Thanks very much for your patience with my
  presentation and participation in the seminar