Hello, I need help in this assignment for my project management class. Can you please help in reviewing my project charter on Burlington Coat Factory and findingsupply chain issues and the four elements of Procurement Management as identified in my project charter? I've attached it along to this question. Thank you very much.

The assignment is focused onsupply chain issues related to project using research, course materials, and the four elements of Procurement Management:

Consider:

Planning, conducting, controlling, and closing supply chainsin the response..

One way to get a grasp and understand this assignment is to consider the current issues in the news related to supplies needed to fight the Coronavirus (CV), i.e.:

Gasoline (prices have gone down due to quarantine, therefore low demand...lowering prices, low demand + supply chain issue due to US citizens are not going to work or traveling = lower prices and surplus of product);

CV testing kits (high demand + supply chain issues due to shortage of product/low quantity = higher prices) and

Hospital respirators (high demand + supply chain issues due to shortage of product/low quantity = higher prices).

Here is another source of information related to "Supply Chain" to help you grasp the aspect:

What are supply chain issues?

Rising price of fuel to transport goods by road, sea or air. Increasing commodity prices raising the cost of raw materials. Higher labor costs from suppliers and manufacturers. Complex international logistics leading to higher charges for storage, transfer andmanagementof products. Feb 11, 2019

What Are the Main Supply Chain Challenges? | Blume Global

www.blumeglobal.com? learning ? supply-chain-challen.

Running head: RETAIL BUSINESS (MERCHANDISE SALES) Retail Business (Merchandise Sales) Burlington Coat Factory Starleana McCray MAN 4583: Project Management St. Petersburg College May 24, 2020 1 RETAIL BUSINESS (MERCHANDISE SALES) Retail Business (Merchandise Sales) Retail Business - Open another location to grow business and service, new clients. Project Purpose/Justification The essential purpose of the undertaking is opening up another Burlington in Tampa of the obligation to be capable not exclusively to grow the business yet in addition to serve extra clients, who probably won't be very much presented with the existing assets. Objectives & Success Criteria Objectives will be founded on SMART: Specific, Measurable, Attainable, Realistic, and Timebound. The executives should actualize SMART to help ensure the store is en route to progress. Coming up next are a rundown of goals to the achievement of an effective store: Set your Objectives o Execute mindfulness o Create fervor o Manufacture connections o Create an influential and positive experience Set a financial plan Book a date for a grand opening Promote an occasion 2 RETAIL BUSINESS (MERCHANDISE SALES) o Online coupon promoting - $100 every month o Radio promoting - $1000 every month o Newspaper promoting - $500 o Inflatables, Standards, and signs - under $100 Plan for an occasion High-Level Requirements Having an adequate capital base is an immense necessity to have to guarantee that the new store has assets that are occurring actualized. Alongside having a suitable capital base, the plans should remain deliberately arranged out, so that there are no mix-ups are made in the development. Assumptions & Constraints A supposition would be that with incorporating another store in the Tampa region, there will be more business with new clients shopping there. If the Tampa store progresses nicely, at that point this would prompt more open doors with extending Burlington's much progressively all over Florida, with its more grounded capital base. The imperatives would need to relate to individuals, cash, time as well as gear. The imperatives must be offset with accessible assets to guarantee the achievement of the store. High-Level Project Descriptions and Boundaries According to Markgraf, some project deliverables include: 3 RETAIL BUSINESS (MERCHANDISE SALES) 4 Proposal Design drawings Design documents Completed product New equipment or tools Service report Strategic report Better customer service Faster response time Marketing strategy Improved response procedures High-Level Risks One of the primary elevated level risks should be the opposition of other comparative retail locations. Burlington has a principal contender, which is TJMAXX (which has now partnered with Marshalls). When opening another store, Burlington needs to investigate their estimating of things that are either comparative or the equivalent to TJMAXX and value them in like manner. Additionally, ensuring that comparative coupons are continuing during a similar time. On the off chance that the comparable retail location has no coupons out that week, Burlington needs to ensure they do make them go on so clients shop with them. Summary Milestone Schedule RETAIL BUSINESS (MERCHANDISE SALES) 5 Project Milestone Target date Actual date Project start 11/15/2020 11/15/2020 Drafting project outline 4/15/2020 4/15/2020 Final outline 5/15/2020 5/15/2020 Budget planning 6/15/2020 6/15/2020 Cost benefit analysis 7/15/2020 8/15/2020 Identification of funding 9/15/2020 10/15/2020 Final report 11/15/2020 2/15/2020 Project complete 3/15/2020 3/15/2020 sources Summary Budget Project Component Component Cost Salaries $3500 Hardware $45000 Supplies $9000 Stakeholder List Some of the stakeholders will include: Identify project stakeholders RETAIL BUSINESS (MERCHANDISE SALES) 6 o Review expectations o Analyze level of influence Develop communication strategy Perform risk/change impact analysis o Identify advocates and potential adversaries o Plan conflict resolution Execute plans, evaluate success o Execute stakeholders o Gain feedback, refine approach Project Approval Requirements One requirement that the organization must meet is the wellbeing review of the structure to ensure that it is all right for individuals to be near. Another necessity would be that the store must have a permit to be running. Assigned Project Manager, Responsibility, and Authority Level The task administrator will manage to ensure that the execution plan is cutting-edge and that all colleagues are consistent with the arrangement. The undertaking supervisor will deal with all venture errands, booking, and speak with the group. On the off chance that any issues appear to emerge, the undertaking administrator will manage remarkably in an expert way. Name and Authority/Sponsor Authorizing the Project Charter Approved by the Project Sponsor: ___________________________________________ Date:____________________ RETAIL BUSINESS (MERCHANDISE SALES) 7 RETAIL BUSINESS (MERCHANDISE SALES) References Markgraf, B. (n.d.). Examples of Project Deliverables. Retrieved May 24, 2020, from http://yourbusiness.azcentral.com/examples-project-deliverables-27389.html Prosser, M., Mel, A. C., Marsan, J., Golden, T., Aland, M., Williams, J., & U. (2017, May 12). Grand Opening Ideas, Goals, Marketing Budget. Retrieved May 24, 2020, from http://fitsmallbusiness.com/grand-opening-ideas/ Annual Report on Burlington Stores's Revenue, Growth, SWOT Analysis & Competitor Intelligence. (202001, May 11). Retrieved May 24, 2020, from https://incfact.com/company/burlingtoncoatfactorywarehouse-burlington-nj/ 8