Group Project Part 1

Group Project Presentation

Anubhav Kumar,Vaishnavi,Divya,Naindeep Kaur

8921423

Project Management

Conestoga College

MGMT8665

Massimo Raimondi

Jun 20, 2023 11:59 PM

 Project Context
The Global Treps project aims to create a nonprofit organization that transforms entrepreneurial events
on a global scale. Drawing inspiration from the popular TV show "Shark Tank," Global Treps envisions
organizing and supporting similar events in educational institutions worldwide. The main goal is to
ignite and nurture entrepreneurship by establishing a user-friendly website and mobile application as a
central platform. This platform will serve as a hub for event organization, offering guidelines, templates,
and resources while facilitating connections between entrepreneurs and investors to promote their ideas.
In addition, Global Treps plans to host multiple shark tank-style events throughout the project, fostering
entrepreneurial talent and providing valuable tools and mentorship programs to enhance entrepreneurs'
skills and knowledge. Ultimately, the project aspires to inspire and empower entrepreneurs globally by
providing them with a thriving platform and essential resources.
 Topics
• Weighted scoring model
• Results after analysis
• Business Case Topics
• Business case
• Project charter
 Weighted Scoring Model Table

Change Global
Global the Laws Wealthy Smart
Criteria Weight Treps Campaign Unite Shoppers
Project Objectives 25% 8 75 55 65
Quality 20% 75 70 60 45
Stakeholder Collaboration 15% 60 55 50 45
Cost Effectiveness 10% 40 50 40 45
Time efficiency 20% 80 30 50 70
Risk Factor 10% 20 50 30 50
Weighted Project Scores 100% 66 57 50.25 55.5
 Weighted Score by Project

Global Smart
shoppers

Wealthy Unite

Change the
laws Cam-
paign

Global Treps

0 10 20 30 40 50 60 70
 Weighted Scoring Model
 A weighted scoring model evaluates and compares various options or projects
based on several factors.
 A weighted scoring model helps us prioritize tasks depending on their weighted
scores.
Creating a weighted scoring model
• Need to list out the projects.
• Identify the specific criteria.
• Assign the weights based on their importance.
• Collect the necessary data and evaluate each option against the assigned weights.
• Calculate weighted scores which help to establish the weighted scoring model.
 Results after analysis

 Global Treps: This project received the highest weighted project score of 66,
indicating that it meets the criteria and objectives.
 Change the Laws Campaign: This project ranks second with a weighted project
score of 57.
 Wealthy Unite: With a weighted project score of 50.25, this project may not align
as strongly with the specified criteria and objectives as the other projects.
 Smart Global Shoppers: This project ranks third with a weighted project score of
55.5.
• It is concluded that the Global Treps project should be prioritized for
Implementation. This project received the highest weighted score, indicating that it
meets the requirements and objectives and has the potential to be successful.
 Business Case Topics
• 1.0 Introduction/Background Global Treps aims to promote entrepreneurship worldwide by
organizing Shark Tank-like events in educational institutions through a mobile-friendly
platform. The project has a budget of $120,000 for implementation.
• 2.0 Business Objective The objective is to inspire and support global entrepreneurs by
providing guidelines, templates, and resources for organizing events, connecting investors,
and gaining visibility. Live streaming and instant feedback from "Sharks" and viewers will
enhance the experience.
• 3.0 Current Situation and Problem/Opportunity Statement Currently, centralized platforms
and resources are lacking for organizing entrepreneurship events worldwide. This project
addresses the lack of coordination and resources, allowing entrepreneurial ecosystems to
flourish.
• 4.0 Critical Assumption and Constraints The project assumes a budget limit of $120,000,
volunteer hours, and a six-month timeframe. It also assumes that entrepreneurial endeavors
will attract investors.
• 5.0 Analysis of Options and Recommendation A recommended mobile-friendly platform
will allow investors to donate, users to submit ideas, organizations to create custom websites,
and enable donations to the Global Treps organization.
• 6.0 Preliminary Project Requirements
The project requires user-friendly interfaces, guides, templates, systematic idea management, and
customizable event venues. A donation and profit-sharing system will be established.

• 7.0 Budget Estimate and Financial Analysis

Financial analysis shows a positive return on investment (ROI) and net present value (NPV). The
project generates benefits in terms of visibility, economic growth, investment opportunities, and
labor savings.

• 8.0 Schedule Estimate

The project is estimated to be completed in six months, with defined milestones and resource
allocation.

• 9.0 Potential Risks

Potential risks include project delays, technical challenges, insufficient involvement of educators
and professionals, and increased costs for software licenses, hardware, and consultants.
Business Case
• Project Objectives :The Global Treps project aims to create a platform that supports and
empowers entrepreneurs worldwide by launching a website and app. It will facilitate four
shark tank-style events to showcase and empower entrepreneurial talent. Additionally, the
project will offer valuable tools and mentorship programs to enhance the skills and knowledge
of aspiring entrepreneurs.

• Success Criteria: The success of Global Treps hinges on the timely development
and launch of the website and app, along with the successful execution of engaging
shark tank-style events that attract interested participants and receive valuable
input. Positive user feedback and increased platform engagement are crucial
indicators of adequate entrepreneurship support, mentorship, and tangible business
growth.
Approach:
Project Charter
Project Inception:
Define project objectives, goals, and success criteria.
Determine important stakeholders' roles and duties.
Create communication channels and a governance framework for the project.

Requirements Gathering:
Conduct market research to understand entrepreneurs' requirements and expectations better.
Gather user feedback for the Global Treps website and application.
Determine the platform's features, functionalities, and design components.

Testing and development:

Create the website and application for Global Treps.
To ensure quality and functionality, use rigorous testing processes.
Refine the platform iteratively depending on user feedback and testing outcomes.

Events in the Style of Shark Tank:

Plan and execute four shark tank-style events to highlight entrepreneurial ability.
Participate in discussions, analyze their views, and provide constructive feedback.
Choose winners and encourage their entrepreneurial endeavors.
Launch and promotion:
Install the Global Treps website and app.
Create marketing techniques to promote and attract people to the site.
Continuously evaluate user involvement and solicit feedback for future enhancements.
 Thank you

Recording Link :