Project Charter Project Name Project Team Opening a Gun Shop Project Number 1 Real Estate Agent Contactor Attorney Prioritization Owner(s) Norman Williams Start Date: February 1, 2016 Scheduled Completion Date: February 28, 2016 High NOTE: Remove this note and all instructions in the template for a business professional document. Answer each in topic in 3-4 paragraphs. Mission/ Purpose What is your project going to accomplish? This project is set to accomplish the successful opening of a gun shop. It involves selecting the prime location where customers can take full advantage of testing out the firearms they have purchased. How does this project relate to overall strategic goals and objectives of the company? Is it part of a program or larger project? Project Description and Project Product What will this project create? What are the outcome products being created with this project? At a high level, how do you plan on completing the work required for this project? List at least five highlevel deliverables (outputs) that will be generated from the execution of this project. This section will help to prepare for your project scope and WBS later in the course. Objectives What objective is this project designed to meet? List a high-level objective statement for the overall project and at least three to five goals required to meet this objective. These must be measurable. For example, if an objective of the project is the cut cost, then by how much will costs be cut? Project Charter Business Need Why should we do this project? What will be gained, changed, or modified? Is there a financial or business reason to do this project? Explain, in detail, how this project will be beneficial to the project owner. Milestones What are the key milestone dates associated with the project? Milestones may show the completion of a set of major deliverables or phases. List at least 10 milestones and provide estimated end dates for each. Milestones must have associated dates. Budget What is the estimated budget for this project? Do not research your project cost; this is an estimate. This does not need to be close to your project's actual costs when your project planning is complete in Week 6. This is an order of magnitude estimate. Estimated Labor $20,000 Estimated Materials $20,000 Estimated Contractors $20,000 Estimated Equipment and Facilities $40,000 Estimated Travel Total Estimated Cost User Acceptance Criteria High-Level Project Assumption s $0 $100,000 What are the minimum success criteria as defined by the key stakeholders? How will you monitor and measure the project quality? How will the project owners determine if the project is a success or not? These must be detailed and measureable. What are the assumptions on which the project is based? What 7-10 statements do you believe to be true or will become true about the project during project execution but cannot be sure at this time? Project Charter High-Level Project Constraints What are the major limiting factors that affect the project? What 8-10 rules, regulations, requirements, laws, processes, or procedures are you bound by on this project? Exclusions and Boundaries What are the boundaries of the project? To ensure that your project scope is properly constrained, identify 8-10 things that will be excluded from the project plans. What items will be not be included in the project? Major Risks What are the major risks affecting the project? List a minimum of 7 to 10 risks. These risks must occur during the project, not after the project finishes or before the project starts. The risks defined should be directly associated with the project implementation. KEY STAKEHOLDERS Project Manager Authority Level Norman Williams Project Core Team Real Estate Agent Contactor Attorney Subject Matter Experts (SMEs) (What resources Project Charter will you need with special expertise?) Type Name Project Manager Approval Customer/Sponsor Approval APPROVALS Signature Norman Williams Date February 1, 2016 Norman Williams Course Project MGMT 404 - Dr. K I. II. III. IV. V. VI. VII. VIII. Opening a Gun Store a. It is important that we as Americans exercise the liberty's we hold dear in our Constitution b. Profitable high demand low competition Laws and Regulations a. Federal FFL Dealers Licensing b. Zoning regulations c. State and Federal Laws Location a. Selecting the proper location is important to the success of any business b. Property needs to include space for a handgun shooting range. c. Zoning regulations Renovations a. Find a contractor b. Obtain bullet proof glass c. High end security system Project Scope a. Selecting proper location b. Obtaining proper licensing c. Renovation of selected location d. Project ends at turnover of facilities Limitations a. Project will not include supply of inventory b. Project will not include operations c. Project will not include marketing Timeline a. Approvals for Federal FFL Dealers Licensing b. State & Fire inspections of facility Expenses a. Licensing Fees b. Lease of selected property c. Renovation Costs d. Startup costs $50,000 - $100,000; large line of credit for inventory