Project Proposal

Executive Summary

Molly's Munchkins and Coffee would be started as a bakery retail and coffee establishment in New York. Molly's Munchkins and Coffee anticipates that they would soon acquire the interest of loyal regular customer base with its extensive range of muffins, cakes, cupcakes, and coffee. It is planned by the company to establish an influential position in the town market, exploiting the meet competitive environment in the area as well as the significant experience their partners have in the relevant industry. The aim of Molly's Munchkins and Coffee is to impart its bakery items at very reasonable and competitive prices for the order of meeting the demands of the tourists and residents in the higher to middle income local market regions. The financial returns of the Company are positive to demonstrate the ability of its future outlook. The suitable costing methods for their production were also mentioned. The costing methods helps the company in calculating the profits and costs for carrying out production activities. The company had a positive Return on Investment and Net Present Value. The major points such as S.M.A.R.T, five deliverables of the project, key success factors and timeline solution table were also discussed in detail. Therefore, the scope of the Molly Munchkins and Coffee's company is very bright for business operations. Project Proposal

Introduction

The purpose of this project is to develop a proposal for a new bakery business. The complete project proposal would present the main idea behind the initiation of the business, the project portfolio management method chosen for being employed on this project with a proper justification of its employment, aims, objectives, and expected outcomes of the project. Also, the report would present the resources being employed for the project, the time and budget estimation and the key success criteria to be taken into consideration by then main stakeholders of the project for making their investments.

Project portfolio management method for the selected project

Portfolio management is a dynamic process of decision making, by means of which the list of all the novel projects and products of a business is continuously revised and updated. The project portfolio management would facilitate the evaluation, selection, and prioritization of this bakery business project, while paving ways for the smooth and active allocation of resources (Abrams & Rhonda, 2012). The method chosen for managing this project is the adaptive project framework. This method is chosen due to its variability on the scope of the project. As a consequence, the project scope is adapted so as to acquire the greatest value from the project for the business. A number of managers from various departments would perform their responsibilities and duties keeping into consideration the project plan and expected outcomes of the project.

Financial and Budgetary Considerations

It is expected that Molly's Munchkins and Coffee would raise a $50,000 of its own capital, and would acquire a loan of some $50,000 from the SBA. This would comprise major part of the financing needed for the project. The proposed budget has been ...