Assignment Task: Business Plan for a Construction Economic Assignment

Instructions

The purpose of this assignment is for your team to comprehend the main objectives and essential components of business plans and to design a business plan as a dynamic blueprint for operating a business in the construction industry. Extensive reading about the industry and regular discussions with your tutor and teammates are encouraged. This assignment also offers an opportunity to enhance both oral and written communication skills, crucial for your current or future practice in the industry.

The assignment consists of two components: a group written Business Plan (Task 1; 30 marks; assessed as a team) and an individual oral presentation (Task 2; 10 marks; assessed individually). Your team must prepare a fully referenced and well-structured Business Plan and deliver an oral presentation based on your Business Plan. The information presented in your oral presentation should be derived from your Business Plan.

Business Plan

The submission must be a Commercial Contractor Business Plan, specifically a professional Business Plan tailored for a construction company. Your Business Plan should discuss and demonstrate how your selected project aligns with your selected company’s profile and development. You can use the Simonds Group Annual Reports for 2020 and 2021 as references to shape your company’s integrals. These reports are accessible through the Assignment Folder.

You may use the following outline as a framework for drafting your Business Plan. Feel free to modify or expand upon the main and sub-headings as needed:

1. Executive Summary

2. Project Overview

   • Target Market
   • Competition
   • Financial Summary
   • Funding Requirements
   • Milestones and Traction

3. Project Baselines, Mission, and Vision Statement

   • Project Baselines
     • Schedule Baseline
     • Cost Baseline
     • Scope Baseline
   • Mission and Vision Statement
   • Validation of the Opportunity

4. Market Analysis Summary

   • Market Segmentation
   • Target Market Segment Strategy
   • Market Needs
   • Market Demographic
   • Competition
     • Competitors and Alternatives
     • Competitive Advantage
   • Sales and Marketing Strategy

5. Execution

   • Scope Management Plan
   • Schedule Management Plan
   • Cost Management Plan
   • Quality Management Plan
   • Project Team Management Plan
   • Communication Management Plan
   • Risk Management Plan (SWOT Analysis)
   • Procurement Management Plan
   • Stakeholder Management Plan
   • Marketing Plan
   • Sales Plan

6. Financial Plan

   • Revenue and Sales Forecast
   • Expenses
   • Projected Profit and Loss
   • Projected Cash Flow
   • Projected Balance Sheet