Business Case for Kingston-Bryce Limited (KBL)
Scenario
As a Project Manager for Kingston-Bryce Limited you have been assigned to create a business case. The Board of Directors for Kingston-Bryce Limited (KBL) is eager to move forward with the acquisition of their competitor. The acquisition of the competitor will enable KBL to expand operations and triple their workforce and will take 18 months to complete with a projected cost of $5 million. In order for this acquisition to be successful, you will need to use your project management skills to ensure success.
Instructions
Your task is to create a business case in Microsoft Word to justify the steps necessary to complete the acquisition. The business case is essential for providing justification and details of the scope of work for the project. You will need to be creative and develop the following items as if you were running the project.
Include the following (you will need to create these items):
The purpose of the project
The pros and cons of the project (benefits)
Budget/Funding schedule (this is how you project to allocate the $5 million budget)
Major risks or opportunities of the project
Business Case for Kingston-Bryce Limited (KBL)
Student’s Name
Institutional Affiliation
Business Case for Kingston-Bryce Limited (KBL)
Completing the acquisition is a critical strategic move for Kingston-Bryce Limited (KBL). If completed effectively, the acquisition will steer KBL into a better competitive position. The organization will be capable of expanding its product portfolio besides having more skills for product creation and innovation in the future. This business case presents KBL’s intended acquisition in terms of the purpose of the project, its benefits and drawbacks, the funding schedule, and the major risks and opportunities linked to this acquisition.
Purpose of the Project
The purpose of this project is to steer an efficient acquisition by following the necessary steps and delivering the intended outcomes for KBL. For an appropriate acquisition process, the first step should be the definition of objectives (Snow, 2018). KBL’s overall business strategy is to satisfy the needs of its customers through affordable and high-quality products. The above mission statement must be assessed against the intended