Question: please provide me a detailed budget/cost proposal chart of this case and info provided below.Report Summary:The purpose of this report is to propose a five-day cruise vacation plan for our department. The report highlights the benefits of the plan, which include team building, relaxation, and increased productivity upon our return to work. The five-day cruise vacation plan for the HR department of Centennial College from 4th August 2023 to 8th August 2023 can be summarized as follows:? Employee engagement: The cruise vacation plan can help increase employee engagement and satisfaction by offering a unique and enjoyable experience for the HR department team members. This can ultimately improve productivity, teamwork, and morale.? Networking: The cruise vacation can provide a conducive environment for networking among HR department members and other professionals on board the ship. This can help foster valuable business relationships and collaborations.? Training and development: The cruise vacation plan can also incorporate training and development activities, such as workshops or seminars, that can enhance the skills and knowledge of the HR department team members. This can ultimately benefit the department and the college.? Cost-effectiveness: The cruise vacation plan can be cost-effective, especially when compared to traditional corporate retreats or conferences. The all- inclusive nature of cruise vacations can help save on expenses such as lodging, transportation, and food. Improved employer branding: The cruise vacation plan can also serve as a unique and attractive employee perk that can improve the employer branding of Centennial College. This can help attract and retain top talent in the competitive job market.The report concludes by recommending that our department take a five-day cruise vacation to improve team cohesion, reduce stress, and increase productivity. The proposal offers an excellent opportunity for our team to relax and recharge, which can result in long-term benefits for our department and the college.Business Case2.1. Introduction/Background:Centennial College is a well-known institution of higher education in Canada that has been providing quality education to students for over 50 years. The HR department of Centennial College plays a crucial role in managing the human resources of the college, including recruitment, retention, employee engagement, and professional development. In today's competitive job market, attracting and retaining top talent is crucial for the success of any organization. Therefore, it is essential for Centennial College to invest in the well-being and development of its employees, especially those in the HR department who are responsible for managing the college's most valuable resource - its people.One way to achieve this is by providing a unique and enjoyable experience for the HR department team members, such as a five-day cruise vacation. This can not only improve employee engagement and satisfaction but can also provide opportunities for networking, training, and development.In this business case, we will explore the benefits of a five-day cruise vacation plan for the HR department of Centennial College from 4th August 2023 to 8th August 2023 and how it can ultimately improve the department's performance, as well as the overall success of the college.Employee Engagement:Employee engagement is a critical factor in the success of any organization. Engaged employees are more productive, committed, and motivated, leading to higher retention rates and improved performance. Providing a unique and enjoyable experience for the HR department team members, such as a five-day cruise vacation, can be an effective way to increase employee engagement and satisfaction.A cruise vacation offers a break from the monotony of the daily routine and provides an opportunity for team members to relax, recharge, and bond with each other. This can help build camaraderie and a sense of community among team members, which can translate to improved teamwork and collaboration in the workplace.Networking:A five-day cruise vacation can also provide a conducive environment for networking among HR department members and other professionals on board the ship. The cruise ship can offer a range of amenities and activities, such as bars, 2 restaurants, and entertainment venues, that can facilitate informal networking opportunities.Moreover, the HR department team members can attend organized networking events or conferences on board the ship, which can provide opportunities to connect with other professionals in the industry. This can help foster valuable business relationships and collaborations, which can ultimately benefit the department and the college.Training and Development:The cruise vacation plan can also incorporate training and development activities, such as workshops or seminars, that can enhance the skills and knowledge of the HR department team members. The cruise ship can provide a conducive environment for learning, away from the distractions and demands of the workplace.The training and development activities can focus on topics such as leadership, communication, diversity and inclusion, and other relevant skills for HR professionals. The team members can also attend talks or presentations by industry experts, which can provide valuable insights and perspectives on the latest trends and practices in the industry.Cost-Effectiveness:The cruise vacation plan can be cost-effective, especially when compared to traditional corporate retreats or conferences. The all-inclusive nature of cruise vacations can help save on expenses such as lodging, transportation, and food.Moreover, the cruise vacation plan can be customized to meet the budgetary constraints of the college. For example, the college can choose an off-peak season for the cruise vacation, which can help save on costs. The college can also negotiate with the cruise line for group discounts or other incentives.Improved Employer Branding:The cruise vacation plan can also serve as a unique and attractive employee perk that can improve the employer branding of Centennial College. The HR department team members can share their experiences on social media, which can help showcase the college as an employer that values employee well-being and development.Moreover, the cruise vacation plan can help attract and retain top talent in the competitive job market. The HR department team members 3 2.2. Business Objective:? Develop a comprehensive marketing strategy to increase brand awareness and attract new customers.? Conduct market research to understand customer needs and preferences and identify opportunities for growth.? Create compelling content for various marketing channels, including social media, email campaigns, and websites.? Utilize data analytics to measure the effectiveness of marketing efforts and adjust strategies accordingly.? Collaborate with sales and customer service teams to ensure a seamless customer experience.? Continuously monitor industry trends and competitor activity to stay ahead of the competition.? Provide exceptional products and services to customers with prominent levels of integrity and professionalism.? Continuously improve our offerings and exceed customer expectations.? Increase customer satisfaction and loyalty.? Establish a strong presence in the market through effective resourcemanagement, strategic partnerships, and staying ahead of industry trends.? Achieve sustainable growth and profitability.? Contribute to the overall economic development of the communities we serve.2.3. Current Situation and Problem/ Opportunity StatementCurrent Situation:The HR department of Centennial College is a critical unit that is responsible for the recruitment, retention, and development of the college's human resources. As such, the HR department's team members work under high-pressure conditions, dealing with various human resource issues, which can lead to burnout and disengagement. The department has been relying on traditional corporate retreats and conferences to provide team members with a break and networking opportunities. However, these events are often costly and may not provide the desired benefits to the department.Problem/Opportunity Statement:The HR department of Centennial College faces the challenge of improving employee engagement, promoting networking opportunities, enhancing training and development, and reducing costs for corporate retreats and conferences. Moreover, the department also needs to attract and retain top talent by improving the college's employer branding. Therefore, there is an opportunity to propose a unique and cost-effective approach to address these challenges, which is a five- day cruise vacation plan for the HR department. The cruise vacation plan can provide a break from routine work, facilitate informal networking, and offer training and development opportunities in a relaxed and enjoyable environment. Additionally, the all-inclusive nature of the cruise vacation plan can be cost- effective, leading to reduced costs compared to traditional corporate retreats and conferences. Ultimately, the cruise vacation plan can improve employee engagement, promote networking opportunities, enhance training and development, reduce costs, and improve employer branding, benefiting the HR department's performance and the overall success of Centennial College. 5 2.4. Critical Assumptions and ConstraintsCritical Assumptions:? The HR department team members will be interested in participating in a cruise vacation plan and will view it as a valuable opportunity to improve their work experience and skills.? The cruise vacation plan will offer a suitable environment for team building, networking, and training and development activities that align with the HR department's goals and objectives.? The cost of the cruise vacation plan will be within the HR department's budget constraints and will provide a better return on investment than traditional corporate retreats or conferences.? The cruise vacation plan will not interfere with the regular operations of the HR department or negatively impact the quality of HR services provided by the department.? The cruise vacation plan will comply with all relevant laws and regulations, including those related to employee safety and privacy.Constraints:? The timing of the cruise vacation plan should not conflict with any critical HR department activities, such as recruitment or onboarding processes.? The cruise vacation plan should not interfere with the regular academic calendar or student activities of Centennial College.? The cruise vacation plan should consider any dietary restrictions, cultural or religious practices, and accessibility needs of the HR department team members.? The cruise vacation plan should adhere to any travel restrictions or health and safety protocols related to the ongoing COVID-19 pandemic or any other relevant public health issues.? The cruise vacation plan should be organized in a way that minimizes any adverse environmental impacts and promotes sustainable tourism practices. 6 2.5. Analysis of Option and RecommendationAnalysis of Options:Traditional Corporate Retreats: The HR department could continue to rely on traditional corporate retreats, which may provide some benefits, such as team building and training opportunities. However, these events can be costly and may not provide a unique or memorable experience for the team members.Cruise Vacation Plan: The HR department could propose a five-day cruise vacation plan that offers a cost-effective and unique approach to provide team members with a break, networking opportunities, and training and development activities. The cruise vacation plan can also provide a relaxed and enjoyable environment that promotes engagement and improves employer branding.Recommendation:After analyzing the available options, the recommended course of action is for the HR department to pursue the five-day cruise vacation plan. The cruise vacation plan can provide a unique and enjoyable experience for the team members, leading to improved engagement, networking, and training and development opportunities. Moreover, the all-inclusive nature of the cruise vacation plan can be cost-effective and offer a better return on investment than traditional corporate retreats or conferences. Additionally, the cruise vacation plan can improve the HR department's employer branding, helping to attract and retain top talent. To address the critical assumptions and constraints identified earlier, the HR department should carefully plan the cruise vacation plan, taking into account the team members' needs, budget constraints, and compliance with relevant laws and regulations. Overall, the cruise vacation plan presents an excellent opportunity for the HR department to improve its performance and contribute to the success of Centennial College. 7 2.6. Preliminary Project Requirements? Identify the budget for the cruise vacation plan and ensure that it is within the HR department's budget constraints.? Determine the preferred dates for the cruise vacation plan that do not conflict with any critical HR department activities or the academic calendar of Centennial College.? Select a suitable cruise ship and itinerary that align with the HR department's goals and objectives and provides an appropriate environment for team building, networking, and training and development activities.? Coordinate with the cruise ship management to provide customized training and development sessions that cater to the HR department team members' needs and preferences.? Ensure that the cruise vacation plan complies with all relevant laws and regulations, including those related to employee safety, privacy, and health and safety protocols related to the ongoing COVID-19 pandemic.? Design the cruise vacation plan to include networking opportunities, recreational activities, and team-building exercises that promote engagement and enhance team cohesion.? Consider any dietary restrictions, cultural or religious practices, and accessibility needs of the HR department team members.? Plan the cruise vacation plan in a way that minimizes any adverse environmental impacts and promotes sustainable tourism practices.? Evaluate the success of the cruise vacation plan and gather feedback from the HR department team members to improve future iterations of the plan.8 2.7. Budget Estimate and Financial AnalysisBudget Estimate and Financial Analysis:The five-day cruise vacation plan for the HR department of Centennial College has the potential to provide significant benefits to the organization and the team members. However, it is essential to estimate the budget and conduct a financial analysis to determine the plan's feasibility.Budget Estimate:The budget estimate for the cruise vacation plan will depend on several factors, such as the cruise ship's size and amenities, the itinerary, the number of team members, and the duration of the plan. Based on preliminary research, a budget estimate of $50,000 to $70,000 could cover the cost of the cruise vacation plan, including accommodation, meals, onboard activities, customized training and development sessions, and other expenses. However, it is essential to note that this is an estimate, and the actual cost may vary depending on the chosen cruise ship and itinerary.Financial Analysis:The financial analysis of the cruise vacation plan will help determine its potential return on investment (ROI) and compare it with other corporate retreat or training options. The following are the potential benefits of the cruise vacation plan:? Improved team building and team cohesion.? Networking opportunities and relationship building among team members.? Training and development opportunities that enhance the HR department'sskills and knowledge.? Improved employee engagement, motivation, and satisfaction.? Improved employer branding that can help attract and retain top talent.To calculate the ROI, the HR department can use various metrics, such as the increase in employee engagement, the reduction in turnover rates, and the improvement in the HR department's performance. However, it is essential to note that the ROI may be challenging to measure accurately, and the benefits of the cruise vacation plan may not be immediately visible.Despite the challenges in measuring the ROI, the cruise vacation plan's potential benefits outweigh the costs. Additionally, the all-inclusive nature of the plan can be cost-effective compared to other traditional corporate retreats or conferences. Therefore, the financial analysis suggests that the cruise vacation plan is a feasible option for the HR department of Centennial College.The estimated cost for the five-day cruise vacation plan for the HR department of Centennial College is as follows:? Cruise Package: $400 per person per day x 5 days = $2,000 per person? Airfare: $500 per person? Hotel Accommodations: $200 per person? Meals: $100 per person per day x 5 days = $500 per person? Transportation: $50 per person? The total cost per person for the five-day cruise vacation plan is $3,250.Assuming that the HR department has 20 team members participating in the cruise vacation plan, the total cost would be $65,000.Based on the analysis of the benefits, the HR department expects the following outcomes:? Increased employee motivation and job satisfaction.? Improved team building and collaboration.? Enhanced company culture and brand image.? Potential reduction in employee turnover and recruitment costs.? The expected benefits outweigh the total cost of the cruise vacation plan.Therefore, it is recommended that the HR department move forward with the implementation of the five-day cruise vacation plan.q

2.8. Schedule Estimate The schedule estimate for the five-day cruise vacation plan for the HR department of Centennial College is a critical aspect that needs careful planning and coordination. The following are the major milestones and activities involved in the schedule estimate: 3.1 Booking a cruise ship 15th June 2023 No Milestone Finish Date 3.2 Arranging for transportation to and from the 1 st July 2023 Planning phase 110 April 2023 departure and arrival ports 1.1 Chose the 5 days for the cruise vacation which 17th March 2023 15th July 2023 will not conflict with the academic calendar 3.3 Ensuring that the plan complies with all relevant laws and regulations 1.2 Research and gather information on available 1 st April 2023 3.4 Collect employee information of the confirmed 20th July 2023 cruise ships and cruise lines participants, such as passport details and 1.3 Determining the budget 3th April 2023 dietary restrictions, and provide this information to the travel agency 1.4 Select a cruise line and a destination 1 1 th April 2023 3.5 Provide pre-cruise information to employees, 1 st August 2023 2 Employee phase 15th May 2023 such as packing lists, cruise ship itineraries, and emergency contact information. 2.1 Coordinate with a travel agency to secure 18th April 2023 bookings and obtain the necessary 4 Execution phase 15th August 2023 documentation 4.1 Check employee arrival at the cruise terminal, 4th August 2023 2.2 Planning pre-cruise activities 26th April 2023 check-in, and boarding 2.3 Planning and customizing training and 3rd May 2023 4.2 Employees enjoy the activities and amenities 4th _ 8th August 2023 development sessions onboard the ship. 2.4 Planning recreational activities and team- 10th May 2023 4.3 Execute all the pre-arranged team-building 6th - 8th August 2023 building exercises activities and trainings 2.5 Communicate the cruise vacation plan to 15th May 2023 4.4 Disembarkation from the ship 3th August 2023 employees and encourage enrollment 4.5 Collect feedback about the trip from employees 15th August 2023 3 Implementation phase 3'd August 2023 Table 1 Therefore, the estimated duration of the cruise vacation plan project is around 16 weeks or four months