Operationalization of a business opportunity
PLEASE FOLLOW RUBRIC EXACTLY AS SEEN IN ATTACHMENT I have also attached some additional paper to help steer you in the right direction.
*The Company is “Chipotle Mexican Grill”
*The Service that should be implement throughout this paper is “The development of a delivery service with Man and Unman cars, as well as Drones to delivery food.”
Please use these Level One heading in this paper.
1. Potential Costs – Logically projects potential costs, risks, and benefits of operationalizing business idea, supporting projections with rationale
2. Work Breakdown Structure – Develops logical, comprehensive work breakdown structure with at least three tasks and at least three associated subtasks
3. Narrative – Provides a logical, comprehensive narrative, justifying each task and subtask in the work breakdown structure
4. Key Milestones – Accurately identifies key milestones, deliverables, and resource requirements associated with operationalizing business idea based on work breakdown structure and supported with explanation of how project will meet scope-timecost objectives
5. Potential Obstacles – Comprehensively assesses potential obstacles and impediments to meeting scope-time-cost objectives of project, supporting response with rationale
6. Risk Mitigation – Determines appropriate risk mitigation strategies to address identified obstacles, impediments, and risks
—————————————————————————————————————————————————
Prompt: The first part of this milestone will examine how you intend to manage the daily aspect of your new business opportunity, including the product/service design, the management information system, and information technology requirements.
In the second part of this milestone, you will consider the means to manage product/service quality in a lean business environment using a quality control plan. Consider first the overall quality approach, such as TQM, ISO 9000, or Six Sigma, then state the specific technologies you intend to use, such as acceptance sampling, statistical process control, and capabilities analysis.
Develop a work breakdown structure for your business idea. Your work breakdown structure should include at least three tasks with at least three subtasks each. Provide a narrative justifying each task and subtask that is part of your work breakdown structure.
Identify key milestones, deliverables, and resource requirements associated with operationalizing your business idea based on your work breakdown structure. The key milestones, deliverables, and resource requirements should be supported with an explanation of how they will help the project meet scope-time-cost objectives. Assess potential obstacles and impediments to meeting scope-time-cost objectives of the project, supporting your assessment with rationale.
Determine appropriate risk mitigation strategies to address the obstacles, impediments, and risks you have identified.
Specifically, the following critical elements must be addressed:
II. Operationalization: In this section, you will discuss the operationalization of a business opportunity, specifically the business product, service, or other idea from your business plan in the Marketing and Strategy course. Specifically, you should:
a) Project the potential costs, risks, and benefits of operationalizing your business idea. Your projections should be supported with rationale.
b) Develop a work breakdown structure for your business idea. Your work breakdown structure should include at least three tasks with at least three subtasks each.
c) Provide a narrative justifying each task and subtask that is part of your work breakdown structure.
d) Identify key milestones, deliverables, and resource requirements associated with operationalizing your business idea based on your breakdown structure. The key milestones, deliverables, and resource requirements should be supported with an explanation of how they will help the project meet scope-time-cost objectives.
e) Assess potential obstacles and impediments to meeting scope-time-cost objectives of the project, supporting your assessment with rationale.
f) Determine appropriate risk mitigation strategies to address the obstacles, impediments, and risks you have identified.
Guidelines for Submission: Your paper should adhere to the following formatting requirements: It is submitted as an APA-style Microsoft Word (or open source) document, 7 to 9 pages (not including title and reference pages), double-spaced, using 12-point Times New Roman font and one-inch margins. There should be a minimum of two references cited in APA format.
20180315185049mba_690_milestone_two_guidelines_and_rubric__1_
20180315185133mba_690_1_2_short_paper
201803151838163_1_final_project_milestone_one__operations_management
20180315185057690_4_2_short_paper__designing_for_production
Solution Preview
Operationalization of a Business Opportunity
Potential Costs
Direct costs
Chipotle Mexican Grill is one of the leading food organizations in the United States of America. The organization intends to develop a project in which they will use drones, manned and unmanned cars in their delivery service. The organization will incur various costs in the implementation of the plan. The project will involve ten team members who will participate in different activities.
(1,434 words)