Feasibility Study Report: Opening A Café In Cambodia

Project Overview

The paper mainly focuses on the project “opening of a cafe” in Cambodia. It is found that the café was opened near to a college in Cambodia so that the students of the college can spend their free time with their friends during break hours in the college for enjoying coffee and snacks within a reasonable price in an excellent ambience. The main aim of the project is to undertake feasibility analysis to rationally and objectively uncover various strengths as well as weaknesses of the business. In this paper, the project elaborates project goals, objectives, deliverables as well as resources that are required for completing the project. Additionally, the paper also discusses the challenges and risks that are faced by the project with proper mitigation strategies.

It is found that the cafés that are present in the region where the new café is started were very much expensive and thus the college students faces difficulty in affording the cafés. In order to resolve this issue and challenges, a new café was started in that region in Cambodia that assists in providing proper services to the students at a very much cheaper price that are affordable for the students.

The café is needed by the students of the colleges so that they can enjoy their free time within the café. In order to meet the needs and demands of the students, the project was funded with the amount of budget that is generally required for the project.

The scope of the project mainly includes:

• Opening of a café in Cambodia
• Undertaking feasibility analysis for the project
• Identifying the strengths and weaknesses of the project
• To analyze the needed budget and time for finishing the project
• To determine the risks and challenges that are associated with the project

 It is found that project “opening a café” in Cambodia is undertaken inn order to provide proper ambience to the students of the college for enjoying their free time within their budget. It is found that the time that is generally needed in order to start the café will be around 1096 hours. In addition to this, it is found that in order to effectively complete the project, the project manager hired resource manager, financial manager, operational manager as well as market analyst.

The main goal of the project is to start a new café in Cambodia and check the feasibility of the project for rationally uncovering the strengths, weaknesses as well as opportunities of the business.

The main objectives of the projects are listed below:

• To open a new coffee shop in Cambodia
• To check the feasibility of the business that is undertaken
• To identify the threats that are associated with the project environment

The timeline that is needed to be followed for opening a café in Cambodia with proper milestone is reflected with the help of the figure that is given below:

The deliverables of the project are listed below:

• Selecting the menu for the café which will be served
• Exploring different location
• Analyzing the competitive market
• Considering local regulations and laws
• Exploring the equipment’s that are required for café
• Establishing business structure
• Exploring vendors for products like cakes and pastries
• Exploring health department regulations

The work breakdown structure of the project that is provided below helps in describing each of the project tasks including the time in hours as well as the responsible person who is mainly involved with the project completion.

  The key personnel who are mainly involved with the project are listed below in the table with their roles and responsibilities.

Key personnel	Roles and responsibilities
Project manager	The project manager generally takes the responsibility of initiating, planning, executing as well as controlling the entire project effectively in order to finish the project within the expected budget and time.
Project planner	The project planner takes the responsibility of planning the entire project so that the café can be opened within the time that is expected.
Resource manager	The resource manager generally takes the responsibility of managing the resources of the project quite effectively.
Financial manager	The financial manager generally takes the responsibility of managing the budget as well as financial reports of the project.
Operation manager	The operation manager takes the responsibility of managing the entire operations.
Market analyst	The market analyst takes the responsibility of analyzing the market so that the work of the project can be completed within time.

The other resources that are required for finishing the project are listed below:

• Equipment:Equipment like coffee machine and more are needed for staring the café.
• Materials:Different type of materials are generally needed in order to start the opening of the café.

The detailed budget for the project is provided below which suggests that the project requires $91,240.00 as a fund in order to open the café in Cambodia.

Problem Statement

It is found that in order to open a café in Cambodia, the organization requires funding so that they can start their business. Funding will e advantageous as the café that is opened is near to a college and therefore it is expected that the business of the café will flourish. Thus, by checking the feasibility of the project, proper funding must be given to the project so that the project of café can be started on time.

After conducting proper risk analysis, it is found that there are number of factors as well as events that can negatively affect the implementation as well as operation of the new business. The identified risks are listed below:

Schedule slippage: Schedule slippage can be a problem that can impact the project negatively. It generally occurs due to improper management of project schedule while the project is progressing.

Budget shortfall: If the budget that is needed for opening of the café is not properly estimated then the project manager can face budget shortfall.

Inexperienced team members: If the team members are not experienced then they can face number of issues and challenges in finishing the project on time and within the budget.

Improper marketing: If marketing is not properly, then the project manager will face number of issues and challenges in competing with other café’s that are present on that location.

The some of the key issues of which the project manager e aware before initiating the project are listed below:

Proper information about project needs and requirements: It is quite important to have proper information about the project needs and requirements before starting the project.

Proper budget analysis: If budget of the project is not analyzed then the chances of occurring financial issues enhances.

References

Badewi, A., 2016. The impact of project management (PM) and benefits management (BM) practices on project success: Towards developing a project benefits governance framework. International Journal of Project Management, 34(4), pp.761-778.

Conforto, E.C., Salum, F., Amaral, D.C., da Silva, S.L. and de Almeida, L.F.M., 2014. Can agile project management be adopted by industries other than software development?. Project Management Journal, 45(3), pp.21-34.

De Carvalho, M.M., Patah, L.A. and de Souza Bido, D., 2015. Project management and its effects on project success: Cross-country and cross-industry comparisons. International Journal of Project Management, 33(7), pp.1509-1522.

Golini, R., Kalchschmidt, M. and Landoni, P., 2015. Adoption of project management practices: The impact on international development projects of non-governmental organizations. International Journal of Project Management, 33(3), pp.650-663.

Joslin, R. and Müller, R., 2015. Relationships between a project management methodology and project success in different project governance contexts. International Journal of Project Management, 33(6), pp.1377-1392.

Pollack, J. and Adler, D., 2015. Emergent trends and passing fads in project management research: A scientometric analysis of changes in the field. International Journal of Project Management, 33(1), pp.236-248.

Riol, H. and Thuillier, D., 2015. Project management for academic research projects: balancing structure and flexibility. International Journal of Project Organisation and Management, 7(3), pp.251-269.

Takey, S.M. and de Carvalho, M.M., 2015. Competency mapping in project management: An action research study in an engineering company. International Journal of Project Management, 33(4), pp.784-796.

Todorovi?, M.L., Petrovi?, D.?., Mihi?, M.M., Obradovi?, V.L. and Bushuyev, S.D., 2015. Project success analysis framework: A knowledge-based approach in project management. International Journal of Project Management, 33(4), pp.772-783.