You have been employed as a Project Manager by your college Engineering Society to organize a flea market (Pasar Karat) to raise funds to provide financial assistance for needy engineering students. The event will sell the recycle material was collected from the students, residents, and suppliers nearby the University. The recycled materials collected and sold should give monetary benefits and environmental awareness to the university students. The participation in this flea market is open to all students and public where the product only can be purchased using two type of payment method which is through e-Wallet and coupons. The event will take place on 1 st Jan 2022 in conjunction with New Year celebrations. You are required to organize all aspects of the event including booking the venue, marketing, invitation of vendors/sellers (profit-sharing based on sales), recycle material booth, food and beverage booths/kiosks, sponsorships, advertising, budgeting and coupon printing and sales.
â€¢ You need to define when the project will start. You may select your own project start date.
â€¢ Be sure that the booth will sell products which covers the expenses to organize the event and make at least 30% profit based on total sales.
â€¢ You can invite the university students to participate as the recycle product-vendors/sellers.
â€¢ Any costs need to be explicitly stated. You may assume all related costs, expenses, and revenue.
â€¢ You must show a minimum of 30% profit in your financial/economic analysis.
â€¢ Recycles materials not limited to: used cloths, old books & CDâ€™s, electronic items & gadgets (computers, phones, cameras, gaming devices etc), sports equipmentâ€™s, baby accessories etc.
Complete the following tasks:
Task 1 – Compose a Project Justification (approximately 150-300 words). This is the â€œwho, why, and whatâ€ part of the project. It defines all major aspects of the project and forms the basis/rationale or purpose of the project including formation of the project team.
Task 2 – Develop a list of required activities for the project and responsibility matrix (who is responsible in your project team including organizational chart)
Task 3 – Develop a work schedule using Critical Path Method (CPM) that uses the activities created in Task 2. Show ES, EF, LS, LF, Slack/Float, Critical Path and Project Duration
Task 4 â€“ Formulate a financial/economic analysis â€“ List the material selling products, Business cost analysis (PW B/C ratio) for the prediction, net profit, and break-even analysis (include expenses, sales, and profit).
Task 5 â€“ Evaluate alternatives of mutually exclusives of project â€“ Do evaluation of comparison of two mutually exclusive either using incremental analysis annual worth, B-C(PW).
Please do it with citation.