Project Management

Project Management

Student 's Name

Course Code , Semester , Year

Tutor

February 6 , 2009

A . Components of a high level quality plan

Project-The opening of a new retail outlet an out of town shopping centre

Businesses all over the world work towards attaining the goals they have set for themselves . As each goal is accomplished , there arises the need for better ideas that will further increase the businesses profits (Hockley 1992 . An expansion is one of the ways businesses choose to grow as they seek to attract a wider market

. In to carry out these activities , plans are first made and then budgeted for later . Planning therefore should not be confused with budgeting (finch 2006 . The following project /plan is for a supermarket that is opening a new retail outlet to be precise an out of town shopping center . The things to consider while formulating the plan will include

Making the decision

In making the decision to expand one will need to identify the risks and rewards that will be associated with the new business and if it will be beneficial to the owners (Welsch 2004 . They should be able to maximize on their economies of scale and their operations should not be expensive . Economies of scale refer to less production costs per unit of output . When production increases , the cost of production reduces more is being supplied to the market and profits are made (Jolly 2007 . So when a retail business like this supermarket is expanding it should look...