Business Case Or Elevator Pitch Is Utilized ✓ Solved

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Business Casea Business Case Or Elevator Pitch Is Utilized T

A Business Case or Elevator Pitch is utilized to create a snapshot picture of your project using words. The Business Case in our Project Management course will be used as the Foundation for the more detailed Scope Statement.

1. Identify Components of Selected Project

A project is a 1) new, 2) time-bound effort that has a definite beginning and a definite ending with 3) several related and/or interdependent tasks to 4) create a unique product or service. (Kloppenborg 2019, p.) Provide specific factors related to project work: Cost Schedule (or time frame) Scope (size and features) Quality (acceptability of the results) Resources Risks

Complete an internet search to identify an article that discusses, in-depth, a specific project. This article can be from a newspaper or other media source. Provide a brief overview of the project and then explain how the project specifically fits the four (4) elements of the Kloppenborg definition. Complete additional research on this project to ensure that you have a good understanding of the scope of the project.

Using exactly one hundred (100) words you will provide a business case for the Project you selected. The business case generally includes both why the project is needed and an estimate of costs and benefits. Also, it needs to provide specific scope elements to allow the reader to “picture” the project in their head. This includes items such as budget, size, time frame, and other specific and measurable elements of the project. This assignment should be single-spaced so do not change any of the formatting for this document.

Project Title: News source (APA reference): Web address: Brief Overview: How does this fit the four (4) elements of a project? Business Case (100 words exactly):

Textbook: Title: Contemporary Project Management ISBN: Authors: Timothy Kloppenborg, Vittal S. Anantatmula, Kathryn Wells Publisher: Cengage Learning Publication Date: Edition: 4th

Paper For Above Instructions

Project Title: Boston's South Station Redevelopment

News source (APA reference): Smith, J. (2021). Revamping South Station: A Transformational Project. The Boston Globe. Retrieved from www.bostonglobe.com

Web address: www.bostonglobe.com

Brief Overview: The redevelopment of Boston's South Station is an expansive project aimed at modernizing one of the most critical transportation hubs in Massachusetts. This project includes the addition of new commercial space, enhanced transit facilities, and improved accessibility for commuters. The project aims to increase capacity and operational efficiency at the station while introducing a new public plaza to enhance the urban environment.

How does this fit the four (4) elements of a project? This project fits Kloppenborg's four elements of project definition: 1) It is new as it involves completely modernizing an existing station. 2) The time frame is defined, with an expected completion by 2025. 3) The project includes multiple interdependent tasks such as construction, design, and community engagement. 4) The ultimate goal is to create a unique service providing improved transit options and community spaces.

Business Case (100 words exactly): The redevelopment of Boston's South Station is essential for enhancing the city's transit infrastructure and urban environment. This $1.7 billion project encompasses a significant transformation of the existing station, adding commercial space and improving transit facilities. It will incur costs of approximately $1.7 billion, funded through public and private investment. The project will increase operational efficiency and accommodate a growing commuter population. Completion is targeted for 2025, aligning with Boston's long-term urban development plans. The expected benefits include improved accessibility, increased capacity for transit users, and enhanced community engagement through public spaces.

The redevelopment of South Station is not merely a construction upgrade; it reflects the evolving needs of urban transit and the necessity for cities to adapt infrastructure to modern demands and environmental considerations. This case demonstrates significant economic impacts, job creation, and improved quality of life by providing efficient transit options and fostering community connections.

References

  • Kloppenborg, T. J. (2019). Contemporary Project Management. Cengage Learning.
  • Smith, J. (2021). Revamping South Station: A Transformational Project. The Boston Globe. Retrieved from www.bostonglobe.com
  • Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition. Project Management Institute.
  • Erl, T., Mahmood, Z., & Puttini, R. (2014). Cloud computing: concepts, technology, & architecture. Upper Saddle River, NJ: Prentice Hall.
  • Jamsa, K. A. (2013). Cloud computing: SaaS, PaaS, IaaS, virtualization, business models, mobile, security and more. Burlington, MA: Jones & Bartlett Learning.
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