submit the assumptions and contingency planning

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you will submit the assumptions and contingency planning, in which you will clearly explain the assumptions you have made in creating your business implementation plan, any factors that may affect those assumptions or the success of the project, and how you have planned for those contingencies. based on Starbucks integrated system. Pls follow the rubric, must include at least 5 scholarly sources.

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Milestone Five Guidelines and Rubric Overview: For the capstone assessment, you will create a business implementation plan and audiovisual presentation for the product, service, or idea you have been developing throughout your MBA coursework. In Milestone Five, you will submit the assumptions and contingency planning, in which you will clearly explain the assumptions you have made in creating your business implementation plan, any factors that may affect those assumptions or the success of the project, and how you have planned for those contingencies. At a minimum, you should discuss any cross-cultural, economic, and geopolitical factors that may impact the business environment and concept; how you will ensure that the project operates in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained; plans for incorporating stakeholder and customer diversity into planning and implementation of the concept; and the role corporate social responsibility will play in the implementation of you concept. Critical Elements: • Explain the assumptions you have made in creating your business implementation plan, including a discussion of any factors that may affect the assumptions or success of the project, and how you have planned for those contingencies. • Discuss any cross-cultural, economic, and geopolitical factors that may impact the business environment and concept. • Explain how you will ensure that the project operates in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained. • Outline plans for incorporating stakeholder and customer diversity into planning and implementation of the concept. • Discuss the role that corporate social responsibility will play in the implementation of your concept. Guidelines for Submission: Your draft must contain all of the elements listed above. It should be 5 to 8 pages in length (excluding the title page, references, and appendices) using 12-point Times New Roman font, with one-inch margins. You may include summary pictures, charts, graphs, or other explanatory diagrams as needed to successfully explain the concept and implementation, but should use appendices for detailed supporting documentation. Your paper should follow APA guidelines. You must include at least 5 scholarly sources. Cite your sources within the text of your paper and on the reference page. Critical Elements Main Elements Critical Thinking Assumptions Cross-Cultural, Economic, and Geopolitical Factors Proficient (100%) Includes most of the main elements Provides logical conclusions and defends with examples Explains the assumptions behind the plan and includes a discussion of any factors that may affect the assumptions or success of the project and contingency planning Discusses cross-cultural, economic, and geopolitical factors that may impact the business environment and concept Not Proficient (0%) Does not include any of the main elements Does not provide logical conclusions Value 15 15 Does not explain the assumptions behind the plan and include discussion of any factors that may affect the assumptions or success of the project Does not discuss cross-cultural, economic, and geopolitical factors that may impact the business environment and concept 12 12 Legally and Ethically Compliant Environment Stakeholder and Customer Diversity Corporate Social Responsibility Articulation of Response Explains how the project will operate in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained Outlines plans for incorporating stakeholder and customer diversity into planning and implementation of the concept Discusses the role corporate social responsibility will play in the implementation of the concept Submission does not have critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Does not explain how the project will operate in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained Does not outline plans for incorporating stakeholder and customer diversity into planning and implementation of the concept Does not discuss the role corporate social responsibility will play in the implementation of the concept Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Total 12 12 12 10 100%
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Running Head: ASSUMPTIONS AND CONTINGENCY PLANNING

Assumptions and Contingency Planning
Name
Instructor
Institutional Affiliation
Date

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ASSUMPTIONS AND CONTINGENCY PLANNING

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Assumptions and Contingency Planning
Assumptions
Effective planning for the success of a project substantively relies on the correct
statement of the assumptions and constraints. Typically, assumptions, constraints, as well as
contingency planning are significant because they pave the way for sufficient risk analysis,
appropriate project delivery, and effective project planning. Before designing and implementing
a new project, in this case, Starbucks integrated system, the company’s management, and other
senior personnel must agree on assumptions and establish a mutual understanding of project
success. This move will minimize project failure rate at the same time offer a basis for
establishing risk mitigation approaches and contingency plans. Therefore, assumptions refer to
aspects that are presumed to be true but in the real sense might not be accurate and true
(Heldman, 2018).
A project assumption refers to a documented statement that is not projected to change for
a specified period of a project. Essentially, assumptions entail some facts that a project can make
to evidently set anticipations. A change to assumptions essentially has a considerable effect on a
project because they are the basis for project designs, implementations, and decisions. For
Starbucks Inc., the company has made several assumptions in creating the implementation of the
integrated system. The following are some of the assumptions made;
I.

Key and top talents will be available and involved in the implementation of Starbucks
integrated system.

II.

The company through the project management team will be able to develop and
implement the technology within 12 months.

ASSUMPTIONS AND CONTINGENCY PLANNING

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The project will meet the customers’ changing needs, and preferences and their

III.

perceptions, as well as the purchasing be...

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