Today, Brandon and I continued to work on his final project. We added a responsibility matrix and a risk profile. We discussed and drafted the project priority, the net present value, and more. Next session, we will focus on a risk management plan, lessons learned, and recommendations.
Brandon and I continued to revise and add to his project management final. Today we worked on the business rationale, risks, and responsibility matrix.
Brandon worked on his final paper for the Glo-Bus project. He had to describe the action from week to week and discuss two of the strategy's aspects such as strategy and marketing, how did his actions pan out, how he learned from the competition, what went wrong and how they adjusted their strategy and tactics to compensate, etc.
Today, Brandon had to respond to a hypothetical business situation where the project leader would have to assess whether it was prudent to continue a project after spending 50% of the budget. Next, Brandon completed the Gantt Chart as part of his final project.
We discussed the site plan Brandon just submitted to build a new Dunkin' Donuts store in the area. We talked about how he chose that site, how he is dealing with the other franchisees, the type of information that goes into the site plan, etc. We discussed several articles from the Dunkin' Donuts corporate web site including one about NFL quarterback Drew Breeze partnering with a Florida franchisee to build 69 new stores in Louisiana. Since there are so few sites available in Palm Beach County, the next best option would be to buy stores at a premium since there is a lot of competition for buying stores.
We researched the monarchies of the world, which ones are still in existence, how they participate in the government or not, the difference between absolute monarchies such as Saudi Arabia and constitutional monarchies such as the United Kingdom.
