PROJECT CHART finalisation

Project Scope Statement Template

Project name: Second Venue Expansion Project

Prepared by: Simonetta

Date: 13/06/2023

Project Objectives

The high-level goals of the project are to open a second venue for the restaurant in another city, thereby expanding the customer base, increasing brand presence, and generating additional revenue. The success criteria for the project include:

1. Opening the second venue within a timeline of six months from the project start.
2. Increasing the customer base by 30% within the first year of the second venue's operation.
3. Achieving a positive return on investment within two years of the second venue's operation.

Product Scope Description

The project involves opening a new restaurant venue in another city. The venue should replicate the brand and concept of the existing restaurant while catering to the specific requirements and preferences of the target market in the new city. The scope includes but is not limited to:

1. Location scouting and selection of a suitable site.
2. Renovation and interior design of the new venue.
3. Equipment procurement and installation.
4. Hiring and training of staff for the second venue.
5. Marketing and promotional activities to introduce the new venue to the target market.

Acceptance Criteria

The acceptance of the project deliverables will be based on the following criteria:

1. The second venue is successfully opened within the designated timeline of six months.
2. The new venue is operational and fully equipped with all necessary facilities and equipment.
3. The staff for the second venue is hired, trained, and ready to provide high-quality service.
4. The marketing and promotional activities effectively introduce the new venue to the target market and generate customer interest.

Following the information above, please finalise the below task:

1. Executive SummaryRationale: Record a summary of the history and justification for the project.
2. Business Drivers: Record the organisational driver/context for the project.
3. Key Objectives: Record the measurable SMART objectives that have been identified with this project.
4. Benefits : Record the identified benefits that will be measured throughout and or after the project.
5. Impacts: Record how the project will impact business activity, organisational .