This is a group work assignment and i am the group leader, my group consist of three people with me included. The assignment is of the two parts, one comprises of the theoretical report of 4,800 words...

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Running Header: Project and Risk Management – Business Report
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Project and Risk Management – Business Report
Project and Risk Management – Business Report
Table of Contents
Section 1    4
Introduction    4
Project Charter    4
Objectives    4
Scope & Deliverables    5
Schedule / Budget    6
Project Team    8
Preliminary Risk Planning    9
Project Organization    9
Authorization    9
Project Scope    9
Scope Statement    9
Deliverables    10
Work Breakdown Structure (“WBS”)    11
Schedule Management Plan    20
Conclusion    33
References    33
Section 2    34
Introduction    34
Project Risk Assessment    34
Risk Management Plan    41
Conclusion    42
References    42
Section 3    43
Introduction    43
Project Costs, Budget, and Assessment    43
Conclusion    54
References    54
Section 4    55
Introduction    55
Procurement Management Plan    55
Conclusion    59
References    59
Section 5    60
Section 6    61
Introduction    61
Scope Management Plan    61
Post Implementation Review    62
Conclusion    64
References    64
Section 1
Introduction
Walmart Inc. represents the America based retail company with multinational presence which essentially operates hypermarket chains, discount departmental stores, as well as grocery stores, and the company is based at Bentonville in Arkansas (Walmart Inc. 2019). The transformation as a global company shall never be exclusively on account of the grander designs, while the same can never be on account of an ad hoc, incremental, random, and opportunistic move (Walmart Inc. 2019). The most effective form of an approach shall be one that is in the nature of directed opportunism, that is, the approach which shall maintain the overall opportunism as well as flexibility in the broader direction as has been established by way of systematic framework. Over the undertaking of the global expansion, Walmart Inc. holds the overall capacity for leveraging two key set of the resources as it was originally established across United States (Walmart Inc. 2019). The company can in a suitable manner exploit the tremendous levels of buying power concerning the domestic suppliers needed of this scale and scope.
In this context, this project aims in undertaking expansion of Walmart Inc.’s stores into the Jamaican market by way of setting its operations, retails stores, and supplier / distribution network across Jamaica.
Project Charter
Objectives
In the context of this project, the objectives identified for this project shall be to strategize, plan, operationalize, and implement the expansion of Walmart Inc.’s stores into the Jamaican market by way of setting its operations, retails stores, and supplier / distribution network across Jamaica.
Scope & Deliverables
The scope of this project shall be to formulate strategies, develop plan, design the operations, as well as implement the expansion of Walmart Inc.’s stores into the Jamaican market by way of setting its operations, retails stores, and supplier / distribution network across Jamaica. The project shall be undertaken over a period of
3 months and within the allocated budget of United States Dollar 2,000,000.
The key deliverables of the project include the following –
· Formulation of the Strategy and Alignment Assessment with Organizational Strategy
· Operational Level Strategic Breakdown Based on Market Research Guidance
· Functional Level Strategic Breakdown Based on Market Research Guidance
· Material Resource and Facility Planning
· Personnel Planning
· Government Liaising Planning
· Regulatory Application and Approvals Planning
· Legal and Other Consideration Planning
· Planning Liaison with all Supplier / Distribution / Vendor Organizations
· Planning to Establish Relationship and Setting up Contracts / Arrangements with Supplier / Distribution / Vendor Organizations
· Development of Detailed and Comprehensive Expansion to Jamaica Implementation Action Plan Document
· Strategy Implementation and Organization Registration / Setup as per the Strategy
· Operational Level Implementation in the New Market
· Functional Level Implementation in the New Market
· Sourcing the Material Resources and Arranging / Contracting / Leasing / Purchasing the Facility Planning
· Personnel Recruitment, Hiring, and Orientation
· Government Liaising & Closure
· Undertaking Regulatory Application and Availing Approvals
· Legal as well as Other Consideration Closure
· Undertaking Liaison with all Supplier / Distribution / Vendor Organizations
· Establishing Relationships and Setting up Contracts / Arrangements with Supplier / Distribution / Vendor Organizations
· Implementation of All Action Plans Documented in the Expansion Action Plan
Schedule / Budget
On the basis of the scope and project deliverables, the Table 1 and Table 2 below presents the broad level project task schedule, and broad level budget –
    
    Table 1 – High Level Schedule
    WBS ID #
    Project Tasks
    Duration
    Start Date
    End Date
    1
    Walmart New Market Expansion to Jamaica
    66 days
    01/08/19 8:00
    31/10/19 17:00
    1.1
    Project Planning & Documentation Stage
    12 days
    01/08/19 8:00
    16/08/19 17:00
    1.2
    Requirements & Business Analysis
    10 days
    19/08/19 8:00
    30/08/19 17:00
    1.3
    Market Research
    12 days
    02/09/19 8:00
    17/09/19 17:00
    1.4
    Market Expansion Planning
    13 days
    18/09/19 8:00
    04/10/19 17:00
    1.5
    Expansion Undertaking & Implementation
    15 days
    07/10/19 8:00
    25/10/19 17:00
    1.6
    Project Closure
    4 days
    28/10/19 8:00
    31/10/19 17:00
    
    Table 2 – High Level Budget (‘000 $)
    WBS ID #
    Project Tasks
    Total
    1.1
    Project Planning & Documentation Stage
     5.00
    1.2
    Requirements & Business Analysis
     3.50
    1.3
    Market Research
     8.00
    1.4
    Market Expansion Planning
     12.00
    1.5
    Expansion Undertaking & Implementation
     166.50
    1.6
    Project Closure
     5.00
     
     
     200.00
Project Team
    The project team comprises of the following –
    
Table 3 – Project Team
    S. No.
    Role
    Responsibility
    1
    Project Sponsor
    Approvals and Governance
    2
    Project Manager
    Management of Project, Assume Complete Responsibility, Team Leadership, Overall Control and Monitoring
    3
    Project Team
    Support Project Manager to Implement the Project
    4
    Market Research Consultant
    Undertake Market Research and Provide Market Research Report
    5
    Internal Support Team
    Provide Operational, Finance, Marketing, Sales, and Human Resource Management Support
    6
    Legal Counsel
    Legal, Regulatory, and other affiliated Tasks
Preliminary Risk Planning
    Refer to Table 6 in the ensuring section.
    
Project Organization
The overall project organization shall be established in a centralized manner with all of the project stakeholders reporting to the project manager. The project organization shall be hierarchical in nature and flat in structure.
Authorization
    The project charter shall be approved by the project sponsor and the project manager.
Project Scope
Scope Statement
The scope of this project shall be to formulate strategies, develop plan, design the operations, as well as implement the expansion of Walmart Inc.’s stores into the Jamaican market by way of setting its operations, retails stores, and supplier / distribution network across Jamaica. The project shall be undertaken over a period of 3 months and within the allocated budget of United States Dollar 200,000.
Deliverables
The key deliverables of the project include the following –
· Formulation of the Strategy and Alignment Assessment with Organizational Strategy
· Operational Level Strategic Breakdown Based on Market Research Guidance
· Functional Level Strategic Breakdown Based on Market Research Guidance
· Material Resource and Facility Planning
· Personnel Planning
· Government Liaising Planning
· Regulatory Application and Approvals Planning
· Legal and Other Consideration Planning
· Planning Liaison with all Supplier / Distribution / Vendor Organizations
· Planning to Establish Relationship and Setting up Contracts / Arrangements with Supplier / Distribution / Vendor Organizations
· Development of Detailed and Comprehensive Expansion to Jamaica Implementation Action Plan Document
· Strategy Implementation and Organization Registration / Setup as per the Strategy
· Operational Level Implementation in the New Market
· Functional Level Implementation in the New Market
· Sourcing the Material Resources and Arranging / Contracting / Leasing / Purchasing the Facility Planning
· Personnel Recruitment, Hiring, and Orientation
· Government Liaising & Closure
· Undertaking Regulatory Application and Availing Approvals
· Legal as well as Other Consideration Closure
· Undertaking Liaison with all Supplier / Distribution / Vendor Organizations
· Establishing Relationships and Setting up Contracts / Arrangements with Supplier / Distribution / Vendor Organizations
· Implementation of All Action Plans Documented in the Expansion Action Plan
Work Breakdown Structure (“WBS”)
On the basis of the scope, deliverables, and objectives developed for this project, the below Table 4 presents the WBS for this project (Meredith et al. 2017; Fleming and Koppelman 2016; Harrison and Lock 2017) –
Table 4 – WBS
    WBS ID #
    LEVEL 0
    LEVEL 1
    LEVEL 2
    1
    Walmart New Market Expansion to Jamaica
     
     
    1.1
     
    Project Planning & Documentation Stage
     
    1.1.1
     
     
    Kick-off & Sponsor Funding Authorization
    1.1.2
     
     
    Initiation of the Project Through Team Setup and Role Development
    1.1.3
     
     
    Project Charter Development, Documentation, & Authorization
    1.1.4
     
     
    Project Plan Development: Scope
    1.1.5
     
     
    Project Plan Development: Schedule / Budget
    1.1.6
     
     
    Project Plan Development: Resource Planning
    1.1.7
     
     
    Project Plan Development: Risk Planning
    1.1.8
     
     
    Project Plan Development: Communication Planning
    1.1.9
     
     
    Project Plan Development: Other Various / Required Processes
    1.1.10
     
     
    Documentation of Project Management Plan
    1.1.11
     
     
    Review and Finalization
    1.1.12
     
     
    Sponsor Authorization & Go Ahead Approval
    1.2
     
    Requirements & Business Analysis
     
    1.2.1
     
     
    Business Need and Objective Evaluation
    1.2.2
     
     
    Data Collection & Alternate Option Evaluation
    1.2.3
     
     
    Business Need Identification
    1.2.4
     
     
    Data Collection, Review, Validation, & Assessment
    1.2.5
     
     
    Finalization of Business Need and Specific Project Requirements
    1.2.6
     
     
    Business Analysis & Requirements Documentation
    1.2.7
     
     
    Review and Finalization
    1.2.8
     
     
    Sponsor Authorization & Go Ahead Approval
    1.3
     
    Market Research
     
    1.3.1
     
     
    Identify and Shortlist Suitable Market Research Agencies
    1.3.2
     
     
    Undertake Meetings and Finalize the Appropriate Market Agency
    1.3.3
     
     
    Jamaican Market Potential Assessment
    1.3.4
     
     
    Competition Assessment
    1.3.5
     
     
    Market Expansion Feasibility
    1.3.6
     
     
    Reporting Drafting
    1.3.7
     
     
    Completion of the Market Research Report
    1.3.8
     
     
    Review and Finalization
    1.3.9
     
     
    Sponsor Authorization & Go Ahead Approval
    1.4
     
    Market Expansion Planning
     
    1.4.1
     
     
    Formulation of the Strategy and Alignment Assessment with Organizational Strategy
    1.4.2
     
     
    Operational Level Strategic Breakdown Based on Market Research Guidance
    1.4.3
     
     
    Functional Level Strategic Breakdown Based on Market Research Guidance
    1.4.4
     
     
    Material Resource and Facility Planning
    1.4.5
     
     
    Personnel Planning
    1.4.6
     
     
    Government Liaising Planning
    1.4.7
     
     
    Regulatory Application and Approvals Planning
    1.4.8
     
     
    Legal and Other Consideration Planning
    1.4.9
     
     
    Planning Liaison with all Supplier / Distribution / Vendor Organizations
    1.4.10
     
     
    Planning to Establish Relationship and Setting up Contracts / Arrangements with Supplier / Distribution / Vendor Organizations
    1.4.11
     
     
    Development of Detailed and Comprehensive Expansion to Jamaica Implementation Action Plan Document
    1.4.12
     
     
    Review and Finalization
    1.4.13
     
     
    Sponsor Authorization & Go Ahead Approval
    1.5
     
    Expansion Undertaking & Implementation
     
    1.5.1
     
     
    Strategy Implementation and Organization Registration / Setup as per the Strategy
    1.5.2
     
     
    Operational Level Implementation in the New Market
    1.5.3
     
     
    Functional Level Implementation in the New Market
    1.5.4
     
     
    Sourcing the Material Resources and Arranging / Contracting / Leasing / Purchasing the Facility Planning
    1.5.5
     
     
    Personnel Recruitment, Hiring, and Orientation
    1.5.6
     
     
    Government Liaising & Closure
    1.5.7
     
     
    Undertaking Regulatory Application and Availing Approvals
    1.5.8
     
     
    Legal as well as Other Consideration Closure
    1.5.9
     
     
    Undertaking Liaison with all Supplier / Distribution / Vendor Organizations
    1.5.10
     
     
    Establishing Relationships and Setting up Contracts / Arrangements with Supplier / Distribution / Vendor Organizations
    1.5.11
     
     
    Implementation of All Action Plans Documented in the Expansion Action Plan
    1.5.12
     
     
    Review and Finalization
    1.5.13
     
     
    Sponsor Authorization & Go Ahead Approval
    1.6
     
    Project Closure
     
    1.6.1
     
     
    Outcome Assessment & Performance Evaluation
    1.6.2
     
     
    Project Learning Documentation
    1.6.3
     
     
    Sign-Off
    1.6.4
     
     
    Operations Initiation
Schedule Management Plan
The detailed schedule management plan is presented in the Table 5 below –
Table 5 – Project Schedule
    WBS ID #
    REF
    Project Tasks
    Duration
    Start Date
    End Date
    Predecessor
    1
    1
    Walmart New Market Expansion to Jamaica
    66 days
    01/08/19 8:00
    31/10/19 17:00
     
    1.1
    2
    Project Planning & Documentation Stage
    12 days
    01/08/19 8:00
    16/08/19 17:00
     
    1.1.1
    3
    Kick-off & Sponsor Funding Authorization
    1 day
    01/08/19 8:00
    01/08/19 17:00
     
    1.1.2
    4
    Initiation of the Project Through Team Setup and Role Development
    1 day
    02/08/19 8:00
    02/08/19 17:00
    3
    1.1.3
    5
    Project Charter Development, Documentation, & Authorization
    1 day
    05/08/19 8:00
    05/08/19 17:00
    4
    1.1.4
    6
    Project Plan Development: Scope
    1 day
    06/08/19 8:00
    06/08/19...