How to Set Up A Business Faculty

TABLE OF CONTENTSSl. No.ChapterPage No.

1.1INTRODUCTION08

1.2OBEJECTIVES OF THE PROJECT PROPOSAL08

1.3BACKGROUND OF THE PROJECT09

1.4PROJECT IDEAS & OBJECTIVE09

1.5PROJECT GOAL09

1.6LIMITATIONS09

1.7METHODOLOGY09

2PROJECT COVER SHEET10

3REQUIREMENT SPECIFICATION11

3.1PRODUCT OR SERVICE REQUIREMENTS11

3.2PROJECT REQUIREMENTS11

3.3WORK BREAK DOWN STRUCTURE (WBS)11

3.4PROJECT CHECKLIST12

4FACULTY BUILDING STRUCTURE13

5PROPOSED FACULTY SET UP TIME17

6PROPOSED FACULTY SET UP BUDGET18

7OTHER FACILITIES20

8CONCLUTION21

9REFERENCES22

Executive SummaryA project proposal is a detailed description of a series of activities aimed at solving a certain problem.In order to be successful, the document should:1) Provide a logical presentation of a research idea2) Illustrate the significance of the idea3) Show the idea's relationship to past actions4) articulate the activities for the proposed projectDesigning a project is a process consisting of two elements, which are equally important and thus essential to forming a solid project proposal:1) Project planning2) Proposal writingThe project proposal should be a detailed and directed manifestation of theproject design. It is a means of presenting the project to the outside world in a format that is immediately recognized and accepted.

HOW TO SET UP A BUSINESS FACULTY1.1 INTRODUCTION:This assignment has been prepared as a requirement of BBA program. It is challenging to work to set up a business faculty in a University. Facing the challenge and making it successful, we proposed a project proposal on How to set up a Business Faculty. A proposal is a request for financial assistance to implement a project. The proposal outlines the plan of the implementing organization about the project, giving extensive information about the intention, for implementing it, the ways to manage it and the results to be delivered from it.1.2 OBEJECTIVES OF THE PROJECT PROPOSAL:The most important Objectives of the proposal are to make the best business faculty with all of its facilities, so that it can be a role model for others. We think that our proposal is accepted and made in future.Objectives of the project proposal1) To maintain a standard for making the proposal.2) To know about how the project will be made and became successful.3) To make Project planning and execution system.4) To keep it SMART: Specific, Measurable, Achievable, Relevant and Time-bound.5) To maintain project standard and proposal format.Project proposal is a tool not a goal. It should be followed as closely as possible. Deviation is occurring when necessary. Proposal writing is one of the phases of project management. 1.3 BACKGROUND OF THE PROJECT:In JAHANGIRNAGAR UNIVERSITY, we have a business faculty. It does have all the facilities we need to fulfill the standards. So we have to think about a Business faculty which has got all the facilities we need. Here, we create a proposal so that it can be granted and accepted to make a business faculty. We want to create mostly different types of business faculty. Here we think just not only a building but also all other facilities.

1.4 PROJECT IDEA AND OBJECTIVES:The project is too efficiently to conduct for setting up a business faculty with its entire standard facilities. The business motives of the project are;1) Solve the problem of the business faculty.2) Make a role model.3) Create employment for the people who make it.4) Better communication process and enough technological support.

1.5 PROJECT GOAL:The goal of our project is to create the best business faculty in Bangladesh competing with others, to create a sustainable future for the faculty.

1.6 LIMITATIONS:1) Information to get is confidential and critical, sometimes difficult to find.2) The findings are not statistically validated.3) Limitation of time was one of the most important factors that shortened the present study.4) Rush hour & business was another reason that acts as an obstacle while gathering data.

1.7 METHODOLOGY:Most of the information has been collected from different published articles, journals, brochures, web sites and previous internship report. All the information incorporated in this report has been collected both from the primary sources and as well as from the secondary sources. Some of the information are self imagined and find from nearest sources. We take information from different standard business school around the world.2. ABOUT THE PROJECT PROPOSAL (AT A GLANCE):

Project Cover Sheet

SETTING UP A BUSINESS FACULTYINJAHANGIRNAGAR UNIVERSITYSavar, Dhaka-1342, Bangladesh. Fax: 880-2-7791052www.juniv.edu01/SEP/2015Project director: Professor Dr. Farzana Islam,Vice ChancellorProject period: From 1 January 2016 to 1 July 2016. (6 months)Project summary:Project Location: FBS, Jahangirnagar University, Savar. Prime contractor: S.D BuildersSub contractors: Green view DevelopersNumber of Floors: 5Total Budget: 5, 00, 00,000 tk only.Project scope: Inside Jahangirnagar University, Setting up a business faculty along with buildings and other facilities. Make role model on setting up different types of business faculty building in Jahangirnagar University.Other facilities: Students class room, Teachers room with wifi and multimedia facilities. Sound system for large hall room and also totally air conditioned.Space: 5000 square feet (100x50)Students capacity: 600 students can study at a time in this building.Designer of the building: ASM ASDUJJAMAN ALIM (Designer of many university buildings around the world.)Sponsor: University fund and Donation from government.

3. REQUIREMENT SPECIFICATION:3.1 PRODUCT REQUIREMENTS:The product offered by the project is service (Faculty set up). The requirements specified for the service are; To set up a business faculty is very much cost effective. The management requires the project to be carried out economically with minimum unforeseen expenditures. The project will make the faculty of business studies. So that there will be no scarcity of class rooms and other facilities.3.2 PROJECT REQUIREMENTS:The project must commence on January 1st, 2016 and should wrap up the operations on or before June 30th, 2016, a period of six months to cover the entire population of the district.QualityTimeCost

60%20%20%

One of the main requirements of the project is to maintain excellent quality. As the project is on the construction, ensuring quality of operation is of utmost importance. The Quality vs. Time vs. Cost prioritization of the project is shown below. As a matter of fact, cost is of least priority as the funds are raised from student department development fees, university funds and government. However, the project expenditure is not expected to surpass the estimates submitted as part of the pre study. The demands put forth by the sponsor require the project to have strict deadlines, so the factor of time is of medium priority.3.3 Work Breakdown structure (WBS):

3.4 Project checklist:

4. Proposed building structure:In our proposal, we think that a 5 storied building is pretty enough to make a perfect business faculty. In area of (100x50) =5000 square feet we will make the building.There are 2 portion of structure.1) Inside building structure.2) Outside the building structure.Inside the building structure:1st floor: In first floor we plan than there will be Library, canteen, Wifi Zone, seminar room, Department office room, and Information Desk, Dean Office and girls common room. From here the administrative work are taking place. Outside the entrance there will be a flower garden and a parking lounge.

(Architectural view of the floor)

2nd floor: In the 2nd floor there will be Teachers lounge, Teachers room of their own, teachers own library room. Architectural views of the floor and sample teachers lounge are given below.

3rd floor and 4th floor: These two floors are almost same there are 2 separate corridors and each corridor has got 6 class rooms. There is also a students common room for each floor. 3rd floor is for the accounting and management department. 4th floor is for the marketing and finance and banking department.

Examination room: 5th floor is for the examination. It will be shaped round and there will be separate examination room for each department. Only examination will be taken place here. Architectural view and sample Examination room are given in the next page.

5. Proposed project time:IterationDescription with WBSTimeframe in dateTime frame in Week

1Project proposalSeptember, 01 2015nil

2Project selectionOctober 01, 2015nil

3Project planningNovember 1, 2015nil

4Engineering procedureDecember 1, 2015nil

5Start of the project implementationJanuary 1, 2016nil

5Bring raw materialsJanuary 1 to 14, 20162 weeks

6Land development for buildingJanuary 15 to 31, 20162 weeks

7Create the foundation of the buildingFebruary 1 to 14, 20162 weeks

81st floor completeFeb 15 to Mar 8, 20163 weeks

92nd floor completeMar 9 to 29, 20163 weeks

103rd floor completeMar 30 to Apr 19, 20163 weeks

114th floor completeApr 19 to Apr 30, 20163 weeks

125th floor completeMay 1 to May 21, 2016 3 weeks

13Decoration and furnishedMay 22 to June 11, 20163 weeks

14Recruiting people for maintenanceJune 12 to June 29, 20162 weeks

15Project ends with submission of the faculty.June 30, 2016

#Number of months and weeks6 months26 weeks

We plan to use iterative approach. Iteration will result in a testable prototype for project proposal. Time limitation is 6 months which is 26 weeks to make an end of the project. From the project proposal to project ending the approximate time limitation are given below. It will start from January 1, 2016 and will end in 30, June 2016 the project will be run with 100 workers, 5 supervisors and 2 Developer Companies will look after the project to make an end in time but maintain the standards. Each mile stones are the WBS of the project.

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6. Proposed project accomplished budget:Project status reports depend on reliable estimates as the major input for measuring variances and taking corrective action. Proposed project cost: project cost estimation is indeed a yardstick for project cost control. If the yard is faulty you start on the wrong foot. All project stakeholders prefer accurate cost and time estimates, but they also understand the inherent uncertainty in all projects. Inaccurate estimates lead to false expectations and consumer dissatisfaction. Cost, time, and budget estimates are the lifeline for control; they serve as the standard for comparison of actual and plan throughout the life of the project. Here we are following top down estimate to create the budgeting for the To make a better business faculty we have to make a project cost estimate which can tell us how the things can be done as per the planning. We proposed a 5000 sq/f business faculty building which is really a big budgeted thing to accomplish.Here one thing we have to say, we know that labor cost is fixed. But to make a business faculty in a 5 storied building labor cost is not fixed at all. Labor cost increased by 10% as per the floor increased. Now there is a proposed budget are given below.Name of the costCost per square feet (tk)Total cost

Material cost95047,50,000

Labor cost22011,00,000

Others cost35017,50,000

Total150076,00,000

Budget estimation for 1st floor:Name of the costCost per square feet (tk)Total cost




Total150075,00,000

Budget estimation for 2nd floor:Budget estimation for 3rd floor:

Name of the costCost per square feet (tk)Total cost




Total150077,10,000

Budget estimation for 4th floor:Name of the costCost per square feet (tk)Total cost




Total150078,30,000

Budget estimation for 5th floor:Name of the costCost per square feet (tk)Total cost




Total150079,65,000

Name of the costTotal cost

Budget for 1st floor75,00,000

Budget for 2nd floor76,00,000

Budget for 3rd floor77,10,000

Budget for 4th floor78,30,000

Budget for 5th floor79,65,000

Decoration20,00,000

Multimedia40,00,000

Furniture40,00,000


Total Budget5,00,00,000

Total budget for total:

7. Other facilities: Strong Wifi facilities: New proposed Jahangirnagar University, faculty of business studies will provide strong wifi zone for the students. Multimedia facilities: Projector, sound system, air condition facilities will be available here. Lift facilities: Lift facilities will be given on 5th, 6th, 7th floor in orderly. Information desk: Most of the time new students and guests are always get confused for getting any information. So there will be a permanent place for the information desk and the dean office will be in the building. So, there will be no way for getting confused. Common room: there is no common room in our business faculty right now. But proposed project accomplishment will give separate common room for the ladies and gents also. Library: There is no library room now. But after the project we will get a wee booked library with apiaceous space and setting facilities. There will be e-library for the students. Garden: a nice flower garden will be in the premises of the faculty. Prayer room: There will be a prayer room for the students. Student from different religion will take their prayer without any problem. Car parking: lots of the students in FBS students have got bike or bi-cycle and some of the teachers also have got their own car. So a car parking facilities will be promoted. Maintenance troops: According to the project plan there will be a group of maintenance people who will look after the faculty building, its assets and its surrounding.

8. CONCLUTION:According to the planning of the project we can insure that our project will become successful if it is granted. My hypothesis was that How to set up a business faculty. And my results do support my hypothesis. These project activities show that it is possibleto make a successful business faculty if the conditioned fulfilled. Time and cost estimates of specific activities are adjusted as the risks, resources, and situation particulars become more clearly defined.Effective organizations recognize that the rolled up estimates generated from a detailed estimate based on the WBS are just the starting point.They factor the final assignment of resources into the project budget and schedule

9. References:

1. Andres, PD & Vallelado, E 2014, project management: The role of the board of directors, Journal of Banking & Finance, 32 (2008) 25702580, Department of Financial Economics and Accounting, University of Valladolid, Avenida Valle Esgueva 6, 47011 Valladolid, Spain. The online version is available at http://www.ppge.ufrgs.br/giacomo/arquivos/govcorp/andres-vallelado-2008.pdf. (Accessed on 7January 2015).2. Basel, Switzerland. The online version is available at http://www.bis.org/publ/bcbs122.pdf. (Accessed on 5 January 2015). Basel Committee on Banking Supervision, September 1997, Core Principles for Effective Banking Supervision, section II. Bank for International Settlement, Basel, Switzerland. The online version is available at http://www.bis.org/publ/bcbs30a.pdf. (Accessed on 5 January 2015).3. Bushman, RM & Smith, AJ 2014, Vol. 9, No. 1, pp. 65-87. http://www.sciencebuddies.org/science-fair-projects/project_sample_conclusions.shtml4. http://library.bcu.ac.uk/learner/writingguides/1.23.htm5. http://www.monash.edu.au/lls/llonline/writing/engineering/technical-report/6.1.xml6. http://www.monash.edu.au/lls/llonline/writing/engineering/technical-report/6.xml7. http://www.bakeru.edu/spgs-current-students2/academic-tools/writing-assistance/mla-style-guide/sample-introduction-a-conclusion8. https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=11&cad=rja&uact=8&ved=0CFUQFjAKahUKEwj5wMzYiNTHAhVBGo4KHf96CtA&url=http%3A%2F%2Fwww.ece.utah.edu%2F~ece1270%2FCLEAR_10_Conclusions.pdf&ei=oKzkVfnwGsG0uAT_9amADQ&usg=AFQjCNE9mmBhxQiSufhI8HoxBMtXguQz5w9. https://www.fhwa.dot.gov/pavement/management/pms11.cfm10. http://writefix.com/?page_id=1591

How to Set Up A Business Faculty

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