The assignment is centred on creating project scheduling documents about a likely project plan for a...

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The assignment is centred on creating project scheduling documents about a likely project plan for a new business venture. For the assignment, assume that you want to start a new business, and you need to develop a set of project planning documents for this new business.WARNING – Do not actually set up a business or apply for an ABN! This is a desk top planning exercise and you have not been asked to start a real business!Instructions• Choose a business from the list below.• Conduct online research to establish the likely activities and their sequence that would be required to get this project started. Hint – think about both the project and the product or service.• Refer to the unit textbook for guidance about defining the scope, eliciting requirements and defining your WBS. You can simulate obtaining this information – you do not need to go and interview anyone.• You can find useful guidance here: https://www.business.gov.au/planning/new-businessesAssignment Deliverables1. A detailed WBS for your new business.2. A project network created from your WBS.3. A realistic schedule based on the WBS and project network.4. A summary report (not exceeding 2000 words) explaining what you have done and any scheduling and control recommendations that you will follow as a result of your research to ensure your project is a success. Base this on your research and make it specific to your new business venture. Do not ‘cut and paste’ ideas from the unit textbook.5. Provide evidence to support any recommendations you make (tailor these to your new business, and link these to the specific type of project/industry you are entering).6. Create a summary video using Panopto – it should be no more than 10 minutes long. In this video, assume you are briefing a potential investor or business partner about the findings of your work. Tell them what you have done, what you have discovered about the project’s schedule, and what recommendations you are making about how to monitor and control the project. Try and make the video professional, interesting and enjoyable.Business IdeasChoose any one of the business ideas below. Try to choose one that is realistic and understandable to you.New Business List1. Antique Business: Make money from old treasures and have fun doing it! Scout around at garage sales, auctions, junk shops and markets for great buys on antique furniture, toys, clothing and other treasures from the past. Then rent space at a suitable place or set up a stall at weekend fairs to sell your antiques.2. Garage, shed and attic cleaning and removal service: Nobody likes to spend their weekend cleaning out the garage, attic or garden shed - it's dirty and time-consuming, and when it's done, there's still the task of removing all that discarded junk. But if you don't mind putting in the physical labour, a cleaning and removal service can be a lot of fun. You can usually find a few treasures among the trash which most people are delighted to give away, and you can add to your income by recycling bottles, newspapers and metal castoffs. You'll need a ute or a trailer that is capable of carrying everything from cast-iron sinks to old timbers.3. Mobile window tint: With some training and basic equipment, you can set up a mobile window-tinting business. For best results, have a phone and a van ready to help car, van, truck or homeowners prevent heat damage to their vehicle or building interiors.4. Personal trainer: Australians of all ages, sizes and shapes want to keep fit, trim and healthy, and they're willing to hire their own personal coach to exercise correctly. Spread the word about your physical-fitness expertise at health spas, running, swimming and biking clubs, and other athletic outlets.5. Records search: Using specialised databases, you'll search public records on your computer to help your clients find lost loves, check out questionable suitors, track down debtors, verify a contractor's track record, or dig up facts on a business opportunity. Clients include attorneys, business owners and individuals.

Lawrence · Accepted Answer

Project Plan
1          Introduction………………………………………….…………………………………………….….1
2          Literature Review……………………………..……………………….…………………………..1
3          Body………..……………………………………..…………………………………………………….1-5
4          Critical Path……………………………………..…………………………………………………….5
5          Investor Insight………………………………………………………………………………………5
6          References……………………………………..………………………………………………………6
7          Appendix A (WBS) ……………………………………..………………………………………….6
8          Appendix B (Project Network) …….…………………………………………………………6
9          Appendix C (Project Schedule) …..……..…………………………………………………..6
Introduction:
There are various phases involved in the starting up of a personal trainer business. The important activities that need to be completed before starting the business are discussed. We have created a detailed work breakdown structure with a realistic targeted schedule for project activities completion. A lot of scheduling decisions needed to be taken to optimize the project start phase. We will also discuss some of the recommendations to ensure the timelines are adhered to, while ensuring the successful completion of all the project activities. 
Literature Review: 
While starting a new personal trainer business, it is very important to do research on the industry, market and competition. A business plan is very essential to plan all the activities beforehand. Proper feasibility study and project plan is needed in order to ensure a successful start-up. Some of the activities that are involved in setting up the personal trainer business are identified. We will discuss each of these activities, these are also mentioned in the Work breakdown structure (WBS) and project network. All these activities that are identified are very important to be completed, before starting up our personal trainer business. 
Body:
1) Business Planning : 
A detailed business plan is extremely important before setting up your personal trainer business. This will help to identify the key areas to work on while identifying any potential risks. Some of the important activities we have identified for the business planning phase are:
· Start-up and Ongoing costs:
It is very important to identify all the costs that would be incurred while starting up the business. Costs involved in licensing, registration fees, ongoing rent if you choose to rent a fitness space, and other operational costs need to be factored in the business plan. Other costs would also include traveling to client’s homes, gyms, hotels, or spas. The initial start-up costs for the personal training business are less as compared to other businesses. The ongoing costs that will be incurred such as insurance, supplies, advertising, and promotional costs, need to be factored in the business plan. 
Target Market and Competition Analysis:
In the business planning phase, it is important to understand our target market for personal training. Once the target market is identified, the next step is to analyze the competition. Understanding the target market for fitness training helps in the overall pricing of the fitness module. It also helps in buying and selling products that are unique and can supplement the health requirements of the target customers. 
The target market for the personal trainer business would initially be anyone who might be interested in fitness. However, with time, the target market can get more personalized and focus on niche customers who have a specific health issue they want to address. For example, middle-aged people with some health problems, office goers with back problems, or even housewife’s who want to focus on their health and fitness goals. 
· Estimating Demand:
The demand for personal fitness can be estimated by targeting a specific neighbourhood or community. This can be done by conducting regular surveys based on fitness and health, talking to the locals in the area, accessing health resources, and other studies. Gathering all this information about your potential clients helps in identifying the potential customers and what their fitness requirements would be. It is also advisable to study their lifestyles and analyze why they would need your fitness training services. 
· Time to Break Even: 
The time needed to break even must be calculated. This needs to be done by analyzing other competitors, market demand, and other demand-based factors. 
· Finalize on the type of training:

The assignment is centred on creating project scheduling documents about a likely project plan for a new business venture. For the assignment, assume that you want to start a new business, and you...

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