ENGINEERING DESIGN AND PROJECT MANAGEMENT

Mr. Ibrahim Hammadh Abdul Matheen Abdul Rahman S2100146

Hassan Meeshaq S2100439
Ismail Saudulla S2100072
Ismail Mohamed S2100334
Khaleel Mohamed S210023
Table of Contents
Business structure: ........................................................................................................................................ 4
Key objectives of Wasties:............................................................................................................................. 4
Our services: ................................................................................................................................................. 5
Operations and logistics ................................................................................................................................ 5
Equipment ................................................................................................................................................. 5
Supplier ..................................................................................................................................................... 5
Legal aspect ............................................................................................................................................... 5
Marketing plan .............................................................................................................................................. 6
Distribution and packaging ........................................................................................................................... 9
Our business card...................................................................................................................................... 9
Our website layout .................................................................................................................................... 9
Management plan ....................................................................................................................................... 10
Organization structure ............................................................................................................................ 10
Financial Plan .............................................................................................................................................. 12
Total Startup Capital Requirements with Cost Breakdowns ................................................................... 12
Monthly financial needs.......................................................................................................................... 12
Other Potential Funding Sources ............................................................................................................ 12
Use of funds from lenders or investors ................................................................................................... 12
Financial Projections ................................................................................................................................... 13
Sales forecast and projections for first year ............................................................................................ 13
Sales forecast for year 2 .......................................................................................................................... 13
Expenses Budget for the First 2 Years: .................................................................................................... 14
Profit and loss account for first 2 years ................................................................................................... 14
Cash Flow Statement for the First 2 Years: ............................................................................................. 15
ENVIRONMENTAL, SOCIAL AND GOVERNANCE .......................................................................................... 16
BUSINESS IMPLEMENTATION PLAN............................................................................................................. 16
Business structure:
Our business model will be flexible enough to include both full-time workers and those who prefer to split
their time between full-time and temporary roles. At first, we want to fill part of the available driving posts
with competent contract drivers while keeping a small core of full-time personnel (trash truck drivers,
professional cleaners, and back-office staff .All of our top executives will be eligible to participate in a
profit-sharing plan based on their performance over a minimum of five years, as determined by the
company's board of directors.

Key objectives of Wasties:

Build cutting-edge infrastructure to support the efficient provision of collection, transfer, and disposal
treatment services.
Increase the institution's strength through learning relevant information and gaining relevant experience,
and by nurturing the system.

Construction of state-of-the-art trash collection, transfer, and disposal facilities which endorses and
implements green strategies.

Our services:
Refuse and garbage hauling and collection

Transportation of Potentially Harmful Materials

Gathering and transporting local radioactive waste

Transportation and collection of recyclables

Retrieval and eliminating trash, debris, and waste from building and demolition sites

Operations and logistics

Equipment
As there are four primary districts in Hdh, the initial first phase will begin with four waste collection
vehicles as assets within the island of Kulhuduhfushi. The waste trucks are to be acquired from the JCB
company with the maximum safety rating, which has a payload of 9000kg and operates under 18.9kW.
These brand-new garbage trucks do not require any technological resources to operate, but as they are
fuel-powered, gasoline and personnel with experience operating heavy vehicles are required.

Supplier
The dumpers are to be transported to the Maldives from Minato, Tokyo, Japan, the location of JCB's
headquarters, at a cost of $10,000 per unit. JCB is a globally renowned company for adhering to the
highest standards of business ethics and employing the most environmentally friendly practises to
maintain the production quality of their equipment.

Legal aspect
Wasties Pvt. Ltd. is registered with the Ministry of Economic Development as a small and medium-sized
enterprise and is authorised to practise waste management on the island of Hdh. Kulhuduhfushi. Allied
insurance company of Maldives will cover all operational and non-operational insurances for the
organisation and its assets, including personnel and machinery.
Marketing plan

As wasters enter a new market where there is no

competition due to the absence of similar service
providers, we are also in a monopolistic position
to earn the competitive advantage of a loyal
customer base before any other company
establishes itself in the market. The company also
intends to establish a unique selling proposition
by providing customer loyalty certificates to
customers who have utilized its services for at
least three months, with the benefits accruing as
credits continuing to accrue over time. The
credits can be used as a substitute for money
over time and to pay one month's worth of
refuse collection fees.
Distribution and packaging
Our business will be represented as a service provider in the market and following business card will be
distributed broadly and also the website will be set as our ultimate reach option as the City of
kulhuduhfushi is well embedded in the regimen of internet.

Our business card

Our website layout

Management plan
We are set to build people and train our employees to serve our customers with highest quality of service.
As the management of Wasties we believe we are well qualified as our CEO and all manager has
accredited Masters in business administration and technical level staffs such as out accountants and
marketing executives has attained degrees in their respective field. Furthermore , we are also individuals
with over 5 year of experience.

We aspire to start with the following employees and the employee base is to grow over time as we
broaden our service. The employee base would be catered with minimum wage of MVR5000 and and are
to be paid before 29th of each month.

Additional benefits of medical insurance would be available for all our staffs under Allied Insuarence.

Track records of employees will be managed and maintained under the HR software Namely. Salaries of
employees are also made available and generated via the ‘Namely’ and employee duty sign-ins and sign-
offs are also to be tracked under this.

For parttime employees the payment will be done due the served work ours to company and overtime
benefits will not be offered. However, employees who serve daily 8 hours will be eligible for overtime
benefits of the company and will be offered additional 30% of their basic salary.

Employees will be given soft skill development trainings and any additional training required by them via
the online platforms. Google meet sessions will be arranged by the SMT of wasties and all levels of
employees are to fulfil CPD training hours within a set duration. These will be considered whilst offering
the upgrades of promotions within organization.

Organization structure

Minimum required standards for our employees are listed below.

All employees are to have :

1. Fluency in English and Dhivehi both

2. Numerical literacy
3. GCSE O-level standard and have a willingness to learn
Financial Plan
This condensed financial plan details the startup's capital needs, individual financial requirements,
potential funding sources, and the intended use of the funds. It guarantees that your personal financial
needs are met while also accounting for potential funding from other sources, gives a clear breakdown of
how the startup money will be distributed, and outlines how the startup cash will be deployed.

Total Startup Capital

Requirements with Cost
Breakdowns Monthly financial needs
Equipment and technology $45,000 Salaries $5,000
Marketing and promotion $15,000 Insurence $1,500
Legal and regulation fees $5,000 Loan repayment $1,000
Office space and utilities $10,000 Total monthly financial needs $7,500
Initial inventory $15,000
Working capital (6 months) $50,000
Contingency fund $20,000
Total startup capital: $160,000

Other Potential Funding Sources

• Personal Savings: $50,000

• Friends and Family: $30,000
• Angel Investors: $100,000 (anticipated)
• Crowdfunding Campaign: $15,000 (anticipated)
• Total Potential Funding Sources: $195,000

Use of funds from lenders or

investors
Equipment and technology $45,000
Marketing and promotion $15,000
Legal and regulation fees $5,000
Office space and utilities $10,000
Initial inventory $15,000
Working capital (6 months) $50,000
Contingency fund $20,000
Total use of funds: $160,000
Financial Projections
These are the forecasted financial projections for the first and the second year based on our business and
market conditions.

Sales forecast and projections for first

year
Jan $7,500
Feb $8,500
March $10,500
April $15,500
May $20,500
June $25,500
July $30,500
Aug $35,500
Sep $40,500
Oct $45,500
Nov $50,500
Dec $55,500

Sales forecast for year 2

Year 2 forecasts steady growth reaching $80,000 by the end of year 2.
Expenses Budget for the First 2 Years:
Year 1

Equipment and technology $45,000

Marketing and promotion $15,000
Legal and regulation fees $5,000
Office space and utilities $10,000
Initial inventory $15,000
Working capital (6 months) $50,000
Operating expenses (first 6 $30,000
months)
• Monthly operation expenses gradually increase from $5,000 to $7,000 per month from the month
7 onwards.

Year 2

• Monthly operating expenses steady at $7,000

Profit and loss account for first 2 years

Year 1

• Year 1 Revenue: $270,000 (approximate)

• Year 1 Expenses: $212,000 (approximate)
• Year 1 Net Profit: $58,000 (approximate)

Year 2

• Year 1 Revenue: $360,000 (approximate)

• Year 1 Expenses: $224,000 (approximate)
• Year 1 Net Profit: $136,000 (approximate)
Cash Flow Statement for the First 2 Years:
Year 1
• Year 1 Cash Inflow (Revenue): $270,000
• Year 1 Cash Ou􀆞low (Expenses): $212,000
• Net Cash Flow: $58,000

Year 2
• Year 2 Cash Inflow (Revenue): $360,000
• Year 2 Cash Ou􀆞low (Expenses): $224,000
• Net Cash Flow: $136,000
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Environmental responsibility is the cornerstone of corporate social responsibility, with its foundation in
the preservation of nature. As Wasties, we are obligated to preserve nature in accordance with the 3Rs,
and it is ingrained in our vision and mission to aid environmental preservation while acting sustainably.

However, as we enter a new market, the social and ethical beliefs of individuals may pose a threat to us,
as their perspectives may not align with our vision and mission. However, such risks can be mitigated by
educating individuals about the significance of waste management and instilling in them a commitment to
environmental preservation. As a company, we will also seek to address community grievances if a
blunder or error is committed on our behalf. In addition, we as a team have a complaint form on our
website so that customer concerns can be addressed promptly.

BUSINESS IMPLEMENTATION PLAN