Antique Business Project Plan

            The project management can be defined as the planning, controlling & scheduling of the project. Different factors are considered during the planning phase of the project. In project management, the project manager set goals & objectives for the project. The project charter and the project budget are formed for identifying the resources of the project. The project management includes various phases which include the planning phase, project initiation phase, testing phase, and project execution phase and finally completion & project review phase. There are various problems which occur before or during the project execution. The major problems that are related to project management include communication issues, inefficient forecasting of the project profitability, inefficient project planning, not incorporating project risks and other such issues. These issues can have a major impact on the delivery & success of the project. For delivering the project, the project team is created which include various experts and individual having relevant skills. It is highly important that the team knows about the project goals and what they have to achieve.

        In the project, several activities are inter depending on each other. Sometimes a few tasks cannot be performed because they depend on some other tasks. In this project, the antique business cannot be pursued further if the location of the business is not selected (Bookbinder). Because it is highly important to choose a location where the business is going to perform its activities. It can be said that various project tasks are linked with the location of the antique business and if the location is not chosen than other tasks cannot be performed. Therefore various dependencies are identified in the project schedule to determine which activities should be performed first so that related activities won’t face further delay (Franz, Leicht and Molenaar).

Allocation of Resources of Antique Business Project

        After the project tasks are identified in the schedule, the next thing which the project manager performs is the allocation of resources to the tasks. In various tasks the need for allocation of resources is different. For creating the antique business, the antique goods will be required (Kerzner). Those goods will be purchased from various individuals/sellers. For purchasing the antique stuff, a significant amount of money will be required. Therefore for purchasing the goods, financial resources will be allocated. The business will have its own website and for this hardware & software will be required. So the project manager will ensure that all the resources are available to the project team (Moon).

How Schedules should be maintained after Project Initiation

        After the project initiation begins, it is important to maintain the schedule according to the changes which occur as the project proceeds. There are numerous ways through which project schedules can be maintained. After selecting the location for antique business, the next step would be the creation of the antique store. For this material & staff will be required. However, if the price of the material increases than the budget of the project will get disturbed which means that the schedule of the project will have to be changed according to the current scenario.  Below are some of the ways through which the antique business project will main its schedules (Kreitner).

Using project management software of Antique Business Project

        Today there are many project management & project scheduling software is available in the market. The technology is becoming advance day by day, and it will be a good decision to take the help of the latest technology. Through software not only the cost of the project will reduce but also the project will be managed more efficiently. The latest project management software is designed in such a way that all the activities are allocated within less period of time. Moreover with the use of software changing the project schedule is not much difficult (Goksoy). The software includes such tools which easily change the schedules according to the latest circumstances. The latest software includes various features which allow the project team to get a complete overview of the project. Through software, various complex issues can be resolved which are not possible through traditional approaches. That is why in creating antique business it would be best to use the latest software that is available in the market (Lehmann).

Task Scheduling of Antique Business Project

            The tasks of the project are usually identified in the project planning phase or during the formation of the work breakdown structure. However, the possibility exists that when something unexpected occurs during the project execution phase, some tasks of the project also changes as a result. That is why it is important to manage the task accordingly. The latest software for the project schedule should be used for managing the tasks. If the project tasks are going to be managed appropriately than the project will be completed on time. In the antique business, the chances exist that the design of the website has to change in the future. Therefore it would be best to include new tasks on time (McNamara).

Scheduling of People of Antique Business Project

The scheduling of people is as important as the tasks because the project team members are the one who delivers the whole project and is responsible for performing various tasks of the project.

Conclusion on Antique Business Project

            If all the above discussion is summarized than it is evident that the project schedule provides brief information about the tasks and their deadlines. In addition, the schedule also contains information about the resources which are required for completing the tasks on time.  A proper project schedule allows the project manager to successfully allocate the resources to each task so that the task can be completed on time without any delay. As this project is regarding antique business, the project schedule will include the activities which are important for staring an antique business.

        For delivering the project, the project team is created which include various experts and individual having relevant skills. It is highly important that the team knows about the project goals and what they have to achieve. This will occur when the project manager is going to manage the team and play the role of team leader. Various issues arise when the project is being executed such as conflict among the team members, sudden changes in the project design or changes in the economic and political conditions of a specific region. If the project management techniques are not implemented than such issues will completely halt the project, and the business which is executing the project will experience a tremendous financial loss. The tasks of the project are usually identified in the project planning phase or during the formation of the work breakdown structure. However, the possibility exist that when something unexpected occur during the project execution phase, some tasks of the project also changes as a result. That is why it is important to manage the task accordingly. The latest software for project scheduling should be used for managing the tasks. If the project tasks are going to be managed appropriately than the project will be completed on time. In the antique business, the chances exist that the design of the website have to change in the future. Therefore it would be best to include new tasks on time.

References of Antique Business Project

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Economist, The and Jeremy Kourdi. Business Strategy: A guide to effective decision-making. PublicAffairs, 2015.

EPMC, Inc. Project Portfolio Management: A View from the Management Trenches . John Wiley & Sons, 2011.

Franz, Bryan, et al. "Impact of Team Integration and Group Cohesion on Project Delivery Performance ." 143.1 (2017): 1-12.

Goksoy, ed. Organizational Change Management Strategies in Modern Business. IGI Global, 2015.

Hall, Daniel M. and W. Richard Scott. "Early Stages in the Institutionalization of Integrated Project Delivery ." 50.2 (2019): 128-143.

Kerzner, Harold. Project Management: A Systems Approach to Planning, Scheduling, and Controlling. John Wiley & Sons, 2009.

Kreitner, Robert. Principles of Management. Cengage Learning, 2008.

Lehmann, Oliver F. Situational Project Management: The Dynamics of Success and Failure . CRC Press, 2016.

Lester, Albert. Project Management, Planning and Control: Managing Engineering, Construction and Manufacturing Projects to PMI, APM and BSI Standards. Butterworth-Heinemann, 2007.

McNamara, Carter. Business Ethics and Social Responsibility. 2018. <https://managementhelp.org/businessethics/index.htm>.

Mind Tools. Project Issue Management. 2018. <https://www.mindtools.com/pages/article/newPPM_69.htm>.

Moon, Hwy-Chang. Global Business Strategy: Asian Perspective. World Scientific, 2010.

Spender, J.-C. Business Strategy: Managing Uncertainty, Opportunity, and Enterprise. OUP Oxford, 2014.