Question

Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest individuals own as much as the entire world’s poorest 3.5 billion people. The richest 1 percent of the world’s population control half of the world’s total wealth. Many individuals, corporations, charities, and government agencies have projects and programs in place to attempt to tackle this and other important global issues such as sustainability, but there are many opportunities to do more.

A grassroots group of college students has decided to work together to do their part in making the world a better place. The students are from many different countries, and several of them met at global conferences, through study abroad experiences, or on various Internet groups. Strategic goals of this group include developing skills for both college students and for needy populations, sharing information on existing products and services that promote economic growth and sustainability, and promoting entrepreneurship. Leaders of this group were reviewing some ideas for projects (all with a significant IT component) that they could do to support their strategic goals:

1.Global Treps: Many people are familiar with the television show called Shark Tank where entrepreneurs (sometimes called “treps”) present their business ideas to a group of investors or sharks. Several colleges, high schools, and even elementary schools throughout the world hold unique versions of a shark tank like event. You believe that creating a non-profit organization with one central mobile-friendly website/application to assist groups in organizing these types of events would spark even more entrepreneurs throughout the world. You would plan to hold several shark tank like events during the term of the project and create a site and applications to help continue developing more global treps. This site/application would include the following capabilities:

* Provide guidelines and templates for running a shark tank type of event.

* Accept donations from potential investors targeted toward specific schools or organizations wishing to host an event (similar to the popular www.donorschoose.org (Links to an external site.)site where people can fund teacher’s requests).

* Accept ideas for needed new products or services.

* Provide the ability for organizations to create their own custom site to solicit local participants and sharks, accept applications, and promote the winners as well as losers.

* Research ideas for a mechanism where a certain percentage of all donations and profits earned by contestants are donated back to the Global Treps organization.

* Provide an online version of the events by showing videos of contestants and live reactions of the sharks while also getting live inputs and donations from viewers.

2. Change the Laws Campaign: Launch a global campaign to change laws to reduce further income inequality and promote social responsibility. This project would also involve creating a mobile-friendly website/application that would include information about current and proposed laws, allow discussions of potential ideas to change laws, organize people to contact appropriate lawmakers, etc.

3. Wealthy Unite: Develop a system to enable the richest people in the world to provide their input on how they can make the world a better place. Provide information on what several people are currently doing (i.e., Bill Gates, Warren Buffet, famous celebrities, etc.) to promote philanthropy. Allow others to donate to suggested causes and recommend other ways to reduce economic inequality.

4. Global Smart Shoppers: Develop a mobile app and website that recommends products and services produced by organizations that promote social responsibility. Customize the app so it works in any country in the user’s desired language. Work with large companies that do not currently sell products or services in certain countries to expand to regions in need. Allow small companies to easily add their products and services to the shopping network.

TASKS
1. Summarize each of the proposed projects using a simple table format suitable for presentation to top management. Include the name of each project, identify how each one supports business strategies, assess the potential financial benefits and other benefits of each project, and provide your initial assessment of the value of each project. Write your results in a one-to two-page memo to top management, including appropriate back-up information and calculations.

2. Evaluate the four projects by preparing a weighted scoring model using the template provided within this module. Develop at least four criteria, assign weights to each criterion, assign scores, and then calculate the weighted scores. Print the spreadsheet and bar chart with the results. Also write a one-page paper that describes this weighted scoring model and the results.

3. Prepare a business case for the Global Treps project. Assume that the project will take six months to complete, use many volunteer hours, and cost about $130,000 for hardware, software, travel, and labor. Use the business case template provided on the Companion website for this text. Be sure to research information on the television show and events held by colleges and other groups, which have been sparked by the need for more successful entrepreneurs. Also visit DonorsChoose.org (Links to an external site.) to see how that site operates and look into steps for forming a non profit organization.

4. Prepare a draft project charter and an assumption log for the Global Treps project. Assume that the project will take six months to complete and have a budget of $130,000. Use the project charter template provided in this text and the sample project charter provided in Table 4-1 as guides. For the assumption log, document at least two assumptions including an assumption ID, date, source, category, description, and status. You will be the project manager, and Dr. K. will be the project sponsor. Other team members will include Bobby, Ashok, Kim, and Alfreda. You plan to hold four shark tank like events plus develop the Global Treps site and application.

5. Start a lessons learned register to document knowledge learned on this project. Include lessons learned ID, date, source, category, description, impact, recommendations, and proposed actions. Be creative in then making two entries.

6. Prepare a change request for the Global Treps project. Assume that you have decided not to provide an online version of the show as it would be too much work for the initial project. Be creative when making up information.

Work on the 2 project which I Highlighted in Bold letters. Please help as soon as possible.

Answer 1

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Project Summary

Project name	How the project supports business strategies	Financial benefits	Initial value of the project
Global Treps:	· Provide the ability for organizations to create their own custom site to solicit local participants · Entrepreneurs are able to present their business ideas in exchange of other ideas meant to foster entrepreneurship	This project accepts donations from potential investors.	$180, 000
Change the Laws Campaign	· It promotes social responsibility by changing laws to reduce income inequality and allow discussions on potential ideas to change laws	This projects enables income to be distributed equally	$120,000
Wealthy Unite	· Encouraging the richest people in the world to their input so as to make the world a better place and provides information on what people are currently doing.	Enables financial contributions from rich people.	$200,000
Global Smart Shoppers	· Develop a mobile app and website that recommends products and Services produced by organizations that promote social responsibility. · Work with large companies that do not Currently sell products or services in certain countries to expand to regions in need.	Bringing in financial resources from other countries so as to benefit needy regions	$250,000

From:

To: Management

Date:

Memo

Inequality in resource distribution has become a global issue that needs to be addressed. The society we live in is one that has 80 billionaires and 7.4 billion world population beggars. If inequality is to be realized, then resource distribution has to be equal. If the objectives of these projects can be realized, the issue of inequality can be addressed to some extent. Global Treps is a project that can be helpful since business are exchanged with many groups of investors

Creating a non-profit organization with one central mobile-friendly website/application to assist groups in organizing these types of events would spark even more entrepreneurs throughout the world. Change the Laws Campaign coming up with a global campaign to amend laws to reduce further income inequality and promote social responsibility is a good start. .                     Wealthy unite will as well come up with a system to enable the richest people in the world to provide their input resources to help reduce inequality. Global Smart Shoppers project is also good one that will help develop a mobile app and website that recommends products and services produced by organizations that promote social responsibility.

The total project cost for the three projects will be ($ 180,000 + $120,000 +$200,000+$250,000) = 750,000

Sign………………….

Date…………………..

Weighted Scoring Model

Rating Factor	Weight	Sample
Score	Weighted Score
Price Proposals of the four projects	0.15	4	0.60
	0.20	3	0.60
	0.30	3	0.90
	0.35	2	0.70
			0.00
	1.00		2.80
Instructions:	Enter a score (0 to 5) in the each of the five evaluation criteria boxes:
	0	Totally unresponsive, does not meet minimum requirements.
	1	Well below average, barely meets minimum requirements.
	2	Slightly below average, meets minimum requirements.
	3	Average, meets minimum requirements, exceeds minimum requirements in some areas.
	4	Above average, exceed minimum requirements in many or all areas.
	5	Outstanding, far exceeds minimum requirements in most areas.
Review Committee:		Review Date:	8/9/2006

Business Case for the Global Treps

	Units/Hrs	Cost/Unit/Hr	Subtotals	WBS Level 2 Totals	% of Total
WBS Items
1.1  Project cost				$120,000	15%
Hardware
1.2    Hardware 1.3    Software        Travel        Labor	1 1 1 1	$30,000 $30,000 $30,000 $30,000	$30,000 $30,000 $30,000 $30,000	$120,000
Total Project Estimate				$120,000

Project Charter

Majority of projects begin with a top-down approach, that’s to mean that you move forward from your initial goal and develop your plan. Even if you prefer to work backward from your drop-dead date, begin your charter from the top. Just like any nice story, you start at page one.

Structured management organization

Project manager: will be reasonable for coordinate activities

Project sponsor: Dr. K will be responsible for project funding

Other team members:

1. Bobby

2. Ashok

3. Kim

4. Alfreda

Other team members are tasked with the duty to overseeing project implementation once its complete.

Disciplined management processes

There are documents that are provided to the team members as well as other stakeholders that will enable them understand the project's parameters and ramifications.

Project scope

The project cost will be $750,000 and will take a period of six months.

The goals to be achieved along the way are:

· Equality in resource distribution

· Sharing of business ideas to encourage entrepreneurship

Project management best practices

All the team members will get instructions from the project manager for assignments of tasks and duties. The project manger will also coordinate the duty of tracking progress and cost of the project. The documentation required is the project specifications in line with cost and time duration.

Internal/external communications

All the project team members will meet twice a week to discuss the project program and any requirements. This meeting will take place under the project manager and the members will be contacted via their mobile phones.

Change Request

References

Kajko-Mattsson, M. (1999). Maintenance at ABB (II): Change Execution Processes (The State of Practice). Proceedings of the International Conference on Software Maintenance, 307-315.

Keller, A. (2005). Automating the Change Management Process with Electronic Contracts. Proceedings of the 2005 Seventh IEEE International Conference on E-Commerce Technology Workshops, 99-108.