Uses of Project management Practices in Development of a Recreational Facility Business Plan

Abstract

The objective of this endeavor is to demonstrate the intended application of project management's best practices, in the submission of a conventional business plan as administrated by the University of Anchorage Alaska capstone, the Project Management Book of Knowledge (PM BoK), and the Project Management Institute (PMI). Preparations and outcomes encountered within this effort will both initiate and actively assert an economy in discovery or concept use, which coincide with technical simulations capable of breaching and sustaining confidence within continued practice or future findings. The determination within this dynamic effort was inspired by a self-passion for entrepreneurship, within equitable achievements prior to capstone. Although I may have moonlighted as an entrepreneur absent of a business plan in past pursuits, depicting use of project practices was not a requirement before as it must be throughout this undertaking, and given any conscious or unconscious bias for the applied craft(s). In contrast, the critically acclaimed "Pong Now Project Business Plan" seeks to change history using project management's best practices during idea startup and ideal execution. This endeavor would extract from a variety of inter-industrial domains processes, interests, influences, and procedures. Project vision-tiering and strategic-product goals set throughout development phases will milestone or landmark past, general, specific, and future accomplishments to illustrate growth or maturity. Thereafter, project-plan design drafts and details will fuse formatting of all required deliverables from point of conception through pre-completion. A theoretical launch of this business should appear forthcoming and if pursued, materialization of outcomes will reflect the highest probability of success. This project business plan is two-fold; to functionally merge the constitution of project practices and business planning development together. To accomplish this, a system, or systems of designations and dispositions, must encompass the ability to equip resource capabilities or competencies to withstand dormancy and regress in project or product loads and demands. Insurance or assurance of merits relative to the legacy from this study, must exhibit an alumni level of proficiency all-throughout the application and advancement of 10-knowledge areas, and 5-process groups, correlative to foreseen or unforeseen outcomes, given any regularity or irregularities with resourcing relationships, performance levels, estimated or actual predictions, itemized activities, and scrummed technologies or techniques applied. The synchronized framework and standardization devised throughout this multifaceted undertaking intuitively prepares an executable, project-practiced and project-managed business plan upon coalition of efforts.