Business Case for establishment of a Project Management firm Purpose: To apply for a new business grant Assignment Brief BACKGROUND Assume that a granting body called Business Grants Foundation (BGF) is offering grants of up to $100K for strong applications regrading establishing new businesses (note BGF is a made up name for the purpose of the assignment, and the scenario is hypothetical). BGF is requesting applicanis to prepare and submit a business case for the establishment of their proposed company. You and your teammates decide to apply for this grant to be able to establish a small project management firm, and thus you need to prepare a business case which addresses the requirements requested by BGF. You can choose if you'd like your firm to operate in a specific industry or for a specific type of projects or for specific clients, and the specific project management services you'd like to offer. It is important to find a business opportunity which is realistic and feasible for your proposed firm to address. Note you are treating the establishment of your proposed project management firm and making it ready for operation as a project. Submission Requirements Your business case should include the items below: = Cover Letter and Executive Summary; = Business need: To establish a business opportunity which your firm can address, and your firm's value propaosition with particular reference to marketing and business development activities to achieve an early revenue cash flow for the business. |dentification of the scope: Explaining the services that your proposed firm can offer. Whether your firm will be operating in specific industry/sector. Provide examples of potential clients and what your proposed firm can do for them. Based on your in house skill set, you will need to identify key market sectors (or niche markets) that you will be focussed on to establish an early revenue cash flow. = Anintroduction to your proposed Project Management firm. Where your firm will be located? What is its structure? ldentify goals and objectives for your proposed firm. This will likely need to be staged and developed in line with available revenue and profits. Details of your proposed team structure and roles for this project, including Curriculum Vitae for each nominated team member, their past 'relevant' experience, roles and responsibilities in the project. = (Gap analysis for capabilities needed for the project versus existing capabilities of your team (be realistic). If you will be recruiting more staff, their roles and responsibilities. = |dentify and explain known risks in the process for establishing your firm should you are successtul in obtaining the grant. Also explain all the known constraints and assumptions. = |dentify critical success measures. What does success look like for this project? How will