University Relocation Project Management Plan

Question: Describe about theUniversity Relocation Project Management Plan?. Answer: 1. Introduction Huge Baird University is based in Balliol Road Bootle. However, the location has high operating and administrative costs. Moreover, the University has a plan to improve its services through introduction of technological solutions that can enable university in providing better educational service to students and manage the campus activities more efficiently. Thus, the top management has decided to shift its location to a cheaper place after selling existing location which would save them some money that can be used up for incorporating their strategic plans. The project is planned to take 5 months starting in end of May 2016 and closing in 1st week of October 2016. 5 out of 10 people who would be involved in the project would be taken from the staff and 5 more would be hired from outside through the help of HR consultants. Project Brief This project has three objectives to accomplish and these include sale of the existing campus area of Huge Baird University, construction of a new premises for operation of university in Knowsley and re-location of all assets and human resources of the university to this new location. The project would begin with the plan of construction of the new premises for which a plan would be made for hiring of contractors and other staff for the development. Subsequently during the development of the new premises, the old premises would be sold off when the construction is nearing completion such that as soon as the construction of the new site is complete, the site has already been disposed of and is ready for making the shift of assets and people of the organization. For the success of the project, the plan for development of new premises would start first such that the project manager has the fair idea of the investments that are required. The sale of the old premises would be planned according to these expenses in such a way that the money obtained would be utilized for construction and for building of additional technology infrastructure for the new campus of the college. This approach would ensure that the organization does not make any losses and is able to cater to all the needs of the university establishment and at the same time save money for operating the business after relocation. 2. Organizational Breakdown Structure Any major decisions related to working of the organization, including the relocation, are taken by a board of Directors. The sponsor of the project would be providing finance for the project and thus, would have the authority to get reporting on financial implications of the project on the University. The Principal is the key manager of college facilities and he has hired me as a Project Manager so I would be reporting to him. Internal departments that are the stakeholders of the project would be directly reporting to principal while 10 people chosen and hired for managing project would be reporting to Project manager. Project Oversight Project oversight is an independent review that is conducted in order to understand how the project is proceeding and if it is on track and would be completed within estimated cost and schedule. Oversight involves identification of any probable risks and planning of mitigation measures in the case of occurrence of risks such that the project schedule is not severely affected and the project expenses remain within budget. Oversights involves complete monitoring of all aspects of the project for which various functions of project management framework can be used including scope management, risk management, scheduling, issue management, budgeting, and compliance check for rules, regulations, standards and policies. To manage the project oversight for the university relocation project, the project would involve - establishing of a scope with the use of scope statements and project charter; clarification of deliverables that would be detailed in a Work Breakdown Structure; explanation of how the monitoring of project would be done through establishing of organisational structure and assignment of roles to project team with planning of communication with stakeholders; Controlling of risks through the use of risk management plan that would be used in practice with recording of risks occurring in a risk register and so on. Sub-contractor arrangements Contracts are the agreements made between two parties that demand an obligation that has to be completed by one party while the other pays the party for the same after successful completion of all required tasks. While contractor is the prime recipient of the payment, actual work may not be done by the contractor in some cases and another contractor in the form of sub-contractor would be involved. Thus understanding of contracting and subcontracting duties becomes essential to be able to run a project smoothly. Sub-contract agreements are influenced by the main contract arrangements. It involves development of statement of work that defines project goals that are proposed by the sponsor of the project. On the current relocation project, contract agreements would be made with main contractors and the responsibility of deciding on what part of work has to be sub-contracted would be left on the contractor. Contractor would also be responsible for selecting and hiring sub-contractors and thereafter monitoring sub-contractors for their compliance with rules, regulations, and performance requirements for which a surveillance plan would be made by the contractor(Kakande, 2014). From the side of the University who is the main employer of the contractor, a prime contractor surveillance plan would be made that would involve documentation of compliance requirements, critical work processes, deliverables, schedules, and costs. 3. Work Breakdown Structure WBS Code Task 0 University Re-location 1 Project Initiation 1.1 Project Management 1.1.1 Project Planning 1.1.2 Budgeting 1.1.3 Scheduling 1.1.4 Procurement 2 Project Planning 2.1 Requirements Identification 2.1.1 New University Requirements 2.1.1.1 Analysis of Students residence location 2.1.1.2 Physical Structure of Building 2.1.2 Project Risk Constraints 2.1.3 University Staffing Plan 2.2 New Site Selection 2.2.1 Facility Contract 2.2.2 Facility Agreement 2.2.3 Sale of existing Building 3 Project Execution 3.1 New Campus Infrastructure Design 3.1.1.1.1 Computer Lab 3.1.1.1.2 Science Lab 3.1.1.1.3 Staff rooms 3.1.1.1.4 Boardroom 3.1.1.1.5 Meeting rooms 3.1.1.1.6 Staff Cubicles 3.1.1.1.7 Reception 3.1.1.1.8 Open Areas 3.1.1.1.9 Principal Cabin 3.1.1.1.10 Washrooms Toiletries 3.1.1.2.1 Garden 3.1.1.2.2 Parking Space 3.1.2.1 Electric implementations 3.1.2.2 Flooring 3.1.2.3 Building Walls and Partitions 3.1.2.4 Furnishing 3.1.2.5 Fittings 3.1.3.1 Networking Requirements 3.1.3.1.1 Cables 3.1.3.1.2 Electrical equipments 3.1.3.2 Voice Network 3.1.3.2.1 Cables 3.1.4.1 Card Access for Staff 3.1.4.2 Personnel equipment Physical Security 3.2 Construction 3.2.1 Construction permits 3.2.2 Bidding for Vendor selection 3.2.2.1 Invitation and Selection - Contractor 3.2.2.2 Contracts Agreements with chosen contractors 3.2.3 Utilities 3.2.3.1 Account Creation 3.2.3.2 Account Activation 3.2.4 Interior Designing Construction 3.2.5 Exterior Building Construction 3.2.6 Security measures at construction 3.2.6.1 Protective Equipment (PE) for labor 3.2.6.2 Boundaries Warning Signages for Public Security 3.3 IT Networking Infrastructure 3.3.1 Bidding Process 3.3.1.1 Selection of Vendors 3.3.1.2 Contract development 3.3.2 Equipment Purchase 3.3.2.1 Vendor Selection 3.3.2.2 Contract development 3.3.3 Cabling 3.3.4 Internet provision in campus 3.3.5 Telephone system establishment 3.3.6 Implementation of new equipments 3.4 Interior development 3.4.1 Painting 3.4.2 Flooring 3.4.3 Furnishings and Fittings 3.4.3.1 Vendor Bidding and Selection 3.4.3.2 Contract negotiation and development 3.4.4 Equipment and facilities Installation 3.5 Project Quality Management 3.5.1 Compliance Check 3.5.1.1 Construction 3.5.1.2 Electrical 3.5.2 Building Occupancy Certificates 3.6 Sale of Existing Location 3.6.1 Invitation for bidding 3.6.2 Sale of university building 3.6.2.1 Estimation 3.6.2.2 Selection of purchaser 3.6.2.3 Cleaning of building 3.6.2.4 Ownership transfer paper work 3.6.2.5 Disposal of Building 3.7 Re-Location 3.7.1 Purchase of Packing Materials 3.7.2 Relocation of Facility 3.7.2.1 Cost Estimation 3.7.2.2 Vendor Selection 3.7.2.3 Insurance 3.7.3 Staff Equipments Packing 3.7.3.1 Papers 3.7.3.2 Equipments and machines 3.7.3.3 Networking Hardware 3.8 New Set-up 3.8.1 Cleaning Facility 3.8.2 Staff Unpacking 3.8.2.1 Unpacking of PC Networking Equipments 3.8.3 Packing Materials Disposal 3.9 New Campus Maintenance 3.9.1 Housekeeping establishing 3.9.2 Insurance 3.9.3 Sanitation Services Provision 3.1 University Marketing 3.10.1 Notification for Change of Address to 3.10.1.1 Students 3.10.1.2 Parents 3.10.1.3 Media Print 3.10.1.4 Website Content Modification 3.10.2 New Business Cards Printing for Staff 3.10.3 Creation of Letterheads and office Materials with new address 4 Project Closure 4.1 Releasing temporary resources 4.2 Prepare Project Closure Report 4.3 Close contracts and pay all vendors Quality and Performance Standards The understanding of quality requirements and performance standards of the project is essential as they would help the stakeholders review the progress of the project which would be done against these quality and performance requirements such that any deviation can send an alert to the stakeholder such that appropriate decisions can be taken before a problem can go worse. Some performance metrics would be used for the assessment of the performance of the project of relocation of university in this case. These include Schedule and cost variance. Schedule Variance (SV) = Earned Value (EV) Planned Value (PV) PV = work planned to be finished in specific duration in terms of budget EV = Work actually finished in specific duration in terms of budget This SV would be targeted to remain positive which would reflect that the project is ahead of schedule. The moment it would go negative, the project would be delayed against the planned schedule. Thus, in order to have a control over the schedule, whenever project manager finds this value going closure to zero, appropriate actions would be taken to speeding up the remaining work or resolve issues that may be causing delays. Cost Variance (CV) = EV AC AC Actual Costs If the cost variance is positive, the project is well maintained within budget but if these values go negative, the project has overshot the budget. When the project manager sees the CV going close to zero, provisions have to be made to get approvals for extra budget as this would indicate requirement of the extra cash for the project to continue. However, the project would be considered successful from the project management perspective only when this value does not go negative and the manager is able to control the costs below budget. Gantt chart 4. Cost Breakdown Structure Costs would be incurred on project management, construction, furnishing and shifting as highlighted in the structures below: Construction Cost Structure (Failner Tyrrell, 2014) Furnishing Cost Structure: Cost of Movement of Goods The total estimated cost of project would be 29,042,166. Over this a 10% contingency cost would be added for emergencies and the total budget would be 31,946,382. Cash Flow In the initial stages of the project, the old premises would be sold so that cash can be generated for the management of project of construction and relocation of the university assets. As the total expenses including contingency costs are coming out to be 31,946,382, the premises would be sold with aim to receive some profit over these expenses and the target would be sell the same for 41,000,000 which would leave the company with a cash of 946,382 that can be used for operating processes of the university and for marketing of the new premises. The flow of cash during the first six months after the start of the imitation stage of the project is detailed below: 5. Project Phases Initiation This stage involves an understanding of feasibility and viability of the project from the perspective of business of the University. For this, a project scope statement is written and preliminary project charter is prepared. This stage would take one week to finish and would be completed at the starting week of the project. Project Scope: Re-locate the existing University facility from Balliol Road Bootle to Knowlsey. Preliminary Charter: Business Need: Development of technology infrastructure that supports the management plan for enhancing services Attain some profits from the sale of old location and utilize the savings for improving University facilities Reduce the operating costs of the University in the new location Project Description: Complete the relocation of facility within the allotted time Monitor, manage and coordinate activities required for completion of project Hire contractors for construction, networking, and relocation and ensure that their required deliveries are obtained as per schedule Identify potential risks on project and establish a response plan Benefits: Improved technological capabilities and facilities at the University Achieve savings from old property sale that would allow college to invest on facility improvement Allow university to reach out to more students staying in locations near to Knowlesky Improve facilities in University such that more students can be attracted to the college Key Deliverables: Sale of old property at price that fetches enough profits to accommodate planned improvements Cleaning of old as well as the new property and disposal of wastes generated Re-location of all assets belonging to University such as IT, stationery, and other materials Construction and furnishing at the new location Implementation of networking and electric systems in the new location Shifting of internal staff to new location Communicate the action plan for relocation to all stakeholders Establish a plan for communicating with key stakeholders during the progress of the project Planning In this stage, all essential elements and aspects of chosen project are documented in a project management plan which includes incorporation of scope statement, WBS, Project Schedule, Cost breakdown structure, Responsibility assignment Matrix, Communication Management plan, Risk management plan, and Change controls. This stage is the major part of the project and every subsequent stage would depend on it and thus, a significant 10 days of time would be allotted to planning of the project after it has been initiated and approved by stakeholders and sponsor for the start. Scope Statement: Sell the old building at Balliol Road Bootle and use the money obtained for the construction of Knowlsey and re-locate all the assets of the University from old building to new location. Responsibility Assignment Matrix: Deliverables PM Admin Contractors Staff IT Finance Legal New building Permits I R R R I I R Project Progress Reporting R I I I I I I Packing Shifting for relocation R ACI R I I I I Construction R ACI R I I I I Staff movement R ACI R I I I I Facility Cleaning R ACI R I I I I IT infrastructure R ACI I R I I Furnishing Fittings R ACI R I I R I Executing and Control Project execution will be observed by utilizing a progress report that will be updated and provided to the top-level management, on a monthly basis, by the manager of the project. This will be beneficial in establishment of control over the processes of the project. The outputs of project management during this stage will comprise of change management and status reports. This stage comes after the planning is complete and involves execution of all the activities are planned. This will go on for four months from the end of the month of May till the end of the September. Project Closure This will be projects end stage. In this stage, the project will be operationally finished and will be provided to the users college staff and management. The manager of the project will provide a final report of project management with the knowledge gained and an approval will be obtained from the benefactor for the Official Closure and Hand-Off. This stage comes after all required activities of the project are successfully completed. All activities are then wrapped up, formalities are completed and an official project closure report is submitted to the top management for final sign-off. This stage would last only for 5 days that would be accommodated from the last week of Sept to first week of October month. By 4th of October, the final report would be approved by the top management. The timelines involved in all the stages of the project closure are given in the table below: Task Name Duration (No. of days) Beginning End University Re-location 96 24/05/16 Tuesday 04/10/16 Tuesday Start 8 24/05/16 Tuesday 02/06/16 Thursday Plan 10 03/06/16 Friday 16/06/16 Thursday Execution 77 17/06/16 Friday 03/10/16 Monday End 1 04/10/16 - Tuesday 04/10/16 Tuesday Risk Management For the management of risks, first the risks would be identified and reviewed by project team and then mitigation plans would be generated. People who would be involved in risk management process include originator of the risk who could be anyone foreseeing the risk on the project from the team, project manager who would be responsible for recording and making plans for mitigation of risks, project team who would be executing the risk mitigation plans and the sponsor who would be making provisions for risk mitigation in case of their occurrence. All these processes would be primarily managed by Project manager who would be responsible for: Receiving information about identifies risks from the team Recording and assigning priorities to each risks for taking decisions in case of their occurrence Reviewing all identified and occurring risks during the progress of project Identifying risks that need changes to be made in scope, budget or schedule and communicating the same to sponsors using an appropriate reporting procedure and ensure that provisions are approved by the sponsor for risk resolution Approve already planned mitigation actions in case of risk occurrence Close risks that do not impact the project any more Risks Identified Trigger Impact and Probability Plan for Risk Response Re-allocation of employees cannot be performed according to schedule Material for packing is insufficient. Unpredictable action need to be performed and cant be evaded Medium, High Low, High Avoid Hire packers and movers for assessment of packing requirements Mitigate Full actions with minimum resources utilized within minimum probable time. Setup of new location cannot be performed as per schedule Legal interruptions while obtaining approvals. Interruptions caused due to inappropriate co-ordination of IT infrastructure setup Unpredicted delay during construction Medium, High High, High Low, High Avoid Get legal department to obtain approvals. Mitigate Establishment of processes of communication during project progress. Mitigate Completion of work as quickly as possible. Movers and packers cannot complete work as per schedule Delays in contract approval. Disadvantageous conditions of weather not permitting movement. Medium, Medium Low, Medium Avoid Have prior planning of contracts. Mitigate Reduction of damage impact. Furniture costs increased Additional employees need to be recruited for management of activities. Clarity lacking on movement actions Low, Medium Low, Medium Avoid Advance planning for HR Avoid Have proper plan with all actions explained in details. IT infrastructure costs increased Unplanned foundation needed Improper building blueprint needs changes. IT foundation planning was inadequate. Low, High Low, High Low, High Avoid all possible actions in all cases. Enhanced employee turnover because of shift in location Improper comprehension of project impacts. Other universities looking to recruit employees Low, High Medium, Medium Avoid Mitigate Establishment of measures of retention Additional employees need to be recruited Unpredictable actions taking place due to project work Low, High Mitigate Unpredicted modifications to building blueprint For incorporation of fresh employees, plan required changes. Incomplete building blueprint created from start Low, High Low, High Avoid Avoid Injuries and accidents Proper utilization of protective equipment by workers absent. Pedestrians getting hurt due to construction. Medium, High Medium, High Avoid Establishment of appropriate policies of security. Mitigate Equipment damage Damaged during transport Medium, High Mitigate Furniture Damage Damaged during transport or due to manhandling Medium, High Mitigate Workers went on strike Movers call unpredicted strike Low, High Mitigate Hire other contractors. Stakeholder Analysis A communication plan would specify how the information generated on the project would be communicated to these stakeholders and what information would be provided to them. A communication plan contains information on various stakeholder groups or individuals, communication concepts, purpose of communication, who would be communicating, methods used for communication and the frequency with which the communication would reach stakeholders. The first step would be to identify who are key stakeholders and this can be done by using a power interest grid which classifies various stakeholders of a project into four major groups that include stakeholder with high interest and high power, those with high interest and low power, high power but least interest and those with low level of interest with minimal power. Stakeholder Identification Power/Interest Grid Power High Require Satisfaction Board of Directors Operations Sponsors Major Players Finance Department Admin Department Principal Low Minimum effort School Council Local public Counsellors Secretary Keep Informed HR Consultant Project Manager Students College Staff Contractors and labour Target students Low High Interest Stakeholder Management The identified stakeholders would be managed through communicating progress of project with them through specific modes of communication with specific objectives and at desired rate of frequencies as tabulated below: Action Target Objective Frequency Process Commencement Meeting Every partners Collection of information Project pre-initiation Meeting Project Plan Allocation Every partners Alert partners regarding project scope and goals Initiation assembly E-mail Project Initiation Every partners Inform regarding responsibilities and plans of project While project initiation Meeting Meeting Project briefing assembly and particularizing with all stakeholders Detailed analysis of project Normally Assembly Project Completion Head, partners, and managers of project Identification of major lessons learnt, and enhancements After project completion Statements/Assembly Prior to project initiation, a preliminary meeting will be performed. The meeting will proceed with participation from all the members. A preliminary baseline will be created during the projects assembly. The projects progresss control measures will be the baseline. Additionally, one additional meeting will be performed, along with the partners, and this consists of Meeting Agenda Frequency Duration (mins) Between manager of project and team Outline and highlight evaluation 7-day basis 10 Project team members Outline of schedule and work proficiency Regularly 05 Guarantor and director of project Assessment of project development 30-day basis 20 Guarantor and director of project Deliberations regarding major problems which provides the stamina to move forward and the need to participate of top-level management for creation of conclusion As per requirement 20 Stakeholder Engagement Stakeholder engagement involves communication about project progress to key stakeholders of the university in a systematic and organized manner. The communication would be received in the forms of meetings or reports specifying how their specific needs and expectations are being met during the progress of the project. For this to happen, stakeholders have to be involved at the initial stage of the planning itself so that their needs can be understand and according to same, a project plan may be created. The communication plan presented in the previous section explains the methods that would be used for engaging stakeholders on the project. However, it is also important for the project manager to understand how effective the communication plan on the project is. To understand this, monitoring of project engagement is also required which can be done by certain mechanisms such as maintenance of stakeholder analysis register, establishing scope management plan, and so on. A stakeholder analysis register would be maintained for this project in which summaries of each meeting with the stakeholders would be documented and any recommended modifications in the scope or project plan would be highlighted such that a track can be kept on whether the stakeholders needs are understood and their suggestions are been incorporated. Conclusions and Recommendations This report was prepared to understand the use of project management methodologies and evaluate how the choice of methodology and design of project impacts the trade-offs between time and costs. The objective was to apply project management methodology to a real business situation and explore how the principles can be utilized for development of a project plan. The case of a re-location of university was considered and a project plan was created for the same. This plan had a scope of sale of the existing premises, acquisition and construction of new premises and shifting of all assets from previous location to the newly established location. The report covered various activities that would be involved in managing this project of relocation. This included understanding of project organization, creation of a WBS, exploring of key phases of projects, development of plan for communication, risk management, scope management and control. Outcomes and Deliverables The projects key deliverables are Plan for project management for university re-location. Licenses for all necessary inventories. Management of vendors. University re-location needs to be performed by the October, 2016, first week end. Recommendations The report of the project will encompass most of the project management domain; however, it needs to be detailed since it is concerned with the scenario of re-location. The plan of project needs to cover the change management processes. If a modification is needed in the requirements, then, the approvals need to be performed by the proper processes. When re-location of university is performed, then, some staff or teachers might have to tackle travelling problems. Thus, the management needs to offer cabs or vans for pick-up and drop-off. Re-location might tackle numerous problems from the staff, too. There might conflict-of-interest. Thus, it is the project managers responsibility to handle these problems and provide solutions. Specific recommendations that can be made for this relocation project from the perspective of understanding of the application of project management principles in practice include: While WBS defines all the work packages required to be finished in the plan, nothing can remain certain and changes may be required while the project progresses which can affect the performance of the project if sufficient modifications are not made in the plan and thus, planning should not be assumed as a onetime process but a continues one such that after every milestone achievement, the required modifications must be made in the project plan The project can only attain objectives within its constraints if it is loosely monitored against the set performance parameters and thus, the project manager must keep a tab on the cost and schedule variance and communicate any probability of reaching negative variances beforehand such that any problems causing these variances can be resolved to avoid failure of the project Although a 10% contingency budget has been set but when the project performance is measures, it should be done on the figure reducing budget by 10% such that it can be ensured that contingency budget does not get exhausted in regular work but is only obtained in case of dire emergencies on the project Monitoring of risks is an ongoing process but identification of risks is often considered as a onetime process. However, it should also remain updated such that any new risks not listed in the risk register are recorded on the project and immediate mitigation steps are taken as well as documented. Lessons learned from the project including additional risks observed, reasons causing variations, etc. must be documented for the future use of any similar projects by the organization or the project manager. References Carley, J., Rico, R., Chopra, R., Shah, D., Faynburd, Y., Sujan, P., et al. (2008). Slipstream Office Relocation Project. UCBX. Failner, S., Tyrrell, M. (2014). Campus Planning and Construction Project Delivery PROJECT UPDATES. Utah University. Gustafsson, B., Yadav, B., Resmini, A., Keller, C., Vimarlund, V. (2013). Closing IT projects. Jonkoping International Business School. Iowa State University. (2014). Facilities Planning and Management Moving Guide . Iowa State University. Kakande, N. (2014). Subcontractor Management. Kampala, Uganda : Joint Clinical Research Centre. Roberts, P. (2011). Guide to Project Management (3rd ed.). New Delhi, India: The Economist Newspaper Ltd. Slab, M. (2014). STAKEHOLDER POWER-INTEREST MATRIX AND STAKEHOLDER-RESPONSIBILITY MATRIX IN CORPORATE SOCIAL RESPONSIBILITY. International Days of Statistics and Economics (pp. 1366-1374). The Institute of Technology and Business in esk Budjovice. Tereso, M., Bernardino, J. (2011). OPEN SOURCE CRM SYSTEMS FOR SMES . International Journal of Managing Information Technology (IJMIT) , 3(4), 41-56.

Intel Corporation Essays - American Brands, Semiconductor Companies

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King Richard 3 essays

King Richard 3 essays Power corrupts and absolute power corrupts absolutely. Mankind must learn to live together as brothers and sisters or perish together as fools writes Haisong Lu In our terrestrial globe, dishonesty seems to rule in every aspect of our society. Whether it is in our business world, sporting events or political arena, corruption is dominant as ever. There is a question left to concern: To whom do we turn for moral and ethical leadership? In the olden time, people certainly wont turn for King Richard 3, because he is ambitious and ruthless. Whereas, in the present time, we certainly wont turn for Prime Minister John Howard and President George Bush. Because we have been horribly deceived in Howards defense on the children overboard scandal. While currently, George Bush is rallying decisively to win support from allies and congress for a military strike against Iraq. In Richard the 3, the vicious man would do almost anything to fulfill his ambitious deeds. In the opening of the play, he stated clearly I am determined to prove a villain. His principle was those who submit would prosper and those who resist shall perish. Richards ultimate ambition was to obtain the crown for himself, but there are many obstacles. Richard to some extent dislikes the pleasure of peace and he eager for conflicts and war. He plotted successfully to have his brother Clarence imprisoned in the Tower of London, Clarence died because he has a big chance to succeed the throne. When Richard becomes the king, he is corruptive as ever. He incited Buckingham his right hand man to arrange an immediate murder of the little prince of Edward the 3. I wish the bustards dead. Buckingham was shocked and asked for a leave to consider. Later, he fled to Richmond. Angry Richard ordered Tyrell to assassinate the little prince. When Tyrell accomplished the mission, he was so r ...

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Is it realistic?This is how to make a living writing:Is making a living writing possible?Learn why authors fail to make a living writingBuild your author platformScale assets and multiple income streamsUse the multiple book modelExpand your book formatsScale income streamsBuild an email list of raving fansBecome a full-time authorNOTE: We cover everything in this blog post and much more about the writing, marketing, and publishing process in our VIP Self-Publishing Program. Learn more about it hereYou may have heard that most writers- Self-published and traditional- are starving artists who never make mor e than $1000 a year.The stories are true. Many writers starve. But many sell a lot of books and do very well, if they stick with it and build multiple income streams.I’ll just get this out of the way right now. Writing a book is hard work. Creating a sustainable platform with several income streams is harder. But, if this were easy, everybody would be doing it. Making a living from your writing is definitely worth it and, as a writer who wants to earn cash online from their craft, it is one of the most rewarding achievements you will experience in the self-publishing business.If you are an aspiring writer, or have already published and want to scale up your book business, find writing jobs, or even write for online publications, let’s dive into how to turn your words into income (Yes, it can be done!).I don’t know what starving authors are doing but, in this post, I’ll show you how to earn a living writing books through creating multiple income streams.Yo u will see that it is definitely possible.You can become the top 10% that make money from your books and write from Starbucks, the beach, or that cabin in the woods everyone keeps talking about. Making a Living as a Writer is PossibleBefore the Internet became a thing, the path of a writer was a long, and often frustrating profession, guaranteeing nothing even after years of committed writing.You have heard the stories of famous authors rejected multiple times before getting published.Gone with the Wind by Margaret Mitchell- rejected 38 times before it was published.Zen and the Art of Motorcycle Maintenance by Robert M. Pirsig- rejected 121 times before it was publishedAgatha Christie had to wait four years before getting publishedDune by Frank Herbert- rejected 23 times before it was published.As an INDIE author, the days of sifting through rejection slips are over.You write, you publish, and you build your own book business like Jenna Moreci did creating her full-time author and Y outube business where she now gets to spend her days doing what she loves.Check out an interview we conducted with her about how she did it: Or, you build a business from a book. Either way, your writing is the gateway to a better life that you create and have total control over. If you are an author that wants to earn a living writing books, let’s dive into the nitty-gritty of how to make that work.But first†¦Why Authors Fail to Make a Living WritingDo you know why most authors only earn a few thousand dollars a year or less from their writing?Here are 4 reasons authors fail to make a living writing:They only write one book. You need momentum with your book platform to generate enough monthly sales to support your lifestyle. This is possible with building out a library of books and maximizing on the earning power for each. We will look at this more later.They don’t stay current with shifting publishing trends. The self-publishing industry is constantly changing. If you aren’t staying current with what is working (and what has stopped working) your book sales plummet and you don’t reach as wide an audience as you’d like.They stick with one platform as the only source for earning income. Many authors stay with Amazon only. This makes sense considering they have 85% of the market for ebooks. And Amazon’s exclusivity program, KDP Select, makes it easy to sign over all power to the online digital giant. However, if you keep your eggs in one basket, what happens when that basket falls out of the tree? In other words, Amazon decides to make a major change to their platform overnight and, within a week, your monthly royalties get cut in half. Yes, it happens as we see time and time again.They don’t invest in the quality of their product. Poorly designed book covers, sloppy editing, a boring book descriptionequals a product nobody wants. If you want to make a living writing books, invest in your book (particularly getting a good book cover) so that it sells.Bottom line: Write and publish consistently, write high-quality books people want to buy, expand your reach by publishing across multiple platforms, and stay up-to-speed on the latest marketing strategies that are working.This is the formula most successful self-published authors are using to make money with writing.Build Your Author Platform to Make Money WritingYou, as an author and creator, needs to form the mindset that this is your business- your book business. Regardless if you are a part-time author looking to make some extra income, or your goal is to be a full-time author, when you start making money from your â€Å"hobby†, you are turning it into a business.When it comes to creating income from writing, it boils down to one word: Platform.Your author platform is the structure of your writing career. It should consist of multiple income streams. This begins with your platform.According to Michael Hyatt, bestselling author o f Platform and Free to Focus, a platform is, â€Å"The means by which you connect with your existing and potential fans. It might include your company website, a blog, your Twitter and Facebook accounts, an online video show, or a podcast. It may also include your personal appearances as a public speaker, musician, or entertainer.†As a writer, even if you are writing a book for the first time, think about what your platform means to you. This will become the structural foundation that your writing author business is built on.If you want to make a living writing fiction or nonfiction, the approach to how you structure your income streams are similar, although the content is different.What drives your platform, however, is the one thing that many overlook: Your author mindset. From now on, approach your craft with the mindset that this is your business.Like every business, you have to be focused on the customer experience and products available to those customers. Delivering th e right product, in this case the book they are looking for, is how to convert the curious customer into a paying one.Components of an Author PlatformYour author platform is made up of:A Catalogue of Books: This consists of published books, and all variations of the book including paperback, hardcover, large print and audiobooks. Your books, aside from bringing in consistent revenue, act as funnels for building your subscribers list and promoting your other products. Your books could be stand-alone reads, as many nonfiction titles are, or a series of thrillers.Email list: This is your list of raving fans that have given you permission to contact them by providing you with their email address. Your email list is at the heart of making a living, not just as an author but, anyone who is building an online platform.Wide Distribution Model: As a self-published author, Amazon may be where you make 80% of your income. But if you have more than three books available, you want to consider op ting out of Amazon’s KDP Select program and publishing wide with other platforms such as aggregators Draft2Digital, PublishDrive and Kobo. Set your print books up for sale through IngramSpark. You can tap into a huge international market that, not only will drive your book sales but, open up opportunity for international foreign rights. Courses: As an author you could develop courses based on the content of your books. For example, take a look at what Lise Cartright has built through her platform Hustle Groove. Picture a multitude of courses available for when browsers or subscribers come to your site for the first time. Building online courses is a great way to expand this platform.Website: A critical piece of your writing business is your author website. This where you stage all of your talent. You might have an author blog that brings in leads for your books and courses.You could create content that you don’t publish on Amazon and make it exclusive to your website only. You can cross promote with other authors and set up an autoresponder email funnel to build a deeper relationship with your readers.Your author website should include these basic features:A free offer: This is free content a new subscriber downloads after opting in.Featured blog posts: Your blog is an asset and potential income stream as it brings in leads through visitor traffic.Course platform: Highly recommended. These are great assets to build out and easy to scale up.About page: Make a dynamic introduction here.Scalable Assets and Multiple Income StreamsLet’s get to my favorite topic: Creating multiple income streams to grow your business!This is what I love about self-publishing. You are at the helm of your own ship and you, and only you, get to choose the direction to take.We know that, if we write and publish lots of books, potentially our library of books grows and this generates strong passive income.But relying on book sales only is a lot of work, and it is mo re work if you are selling on just one platform, Amazon.Check out how our very own coach Lise Cartwright has built her passive income stream with books (and how she can teach you to do the same when you become a student): As an authorpreneur, a self-publisher who writes and publishes their own books, you want to always be thinking creatively how to expand your income streams.Let’s take a look at the list below for book assets.Book seriesBoxsetsAudiobooksPaperbacksHardcover booksLarge print booksMaking a Living Writing with the â€Å"Multiple Book ModelLet’s be honest. Making money from one book can be very difficult. Most authors who earn a living as a successful writer have several, if not many, books in the pipeline.These authors not only publish consistently but, are focused on delivering a series of books to build a valuable fan base.The people buying your book series, once they are hooked into your series, crave more. This makes it a no-brainer for scaling up you r author platform with every new book launch.The more books you publish, the more income you can potentially earn and add more subscribers to your list. For example, check out this popular book series:S.J. Scott’s Habit Book Series or Mindfulness Book Series with Barrie Davenport.Mark Dawson’s John Milton Series. He is now up to book #12 and this popular series has sold a million copies.Nick Webb’s popular sci-fi series Legacy FleetHal Elrod’s The Miracle Morning Series booksWe know that publishing consistently brings in more money and builds your platform over the long-term. But why does this model work?Your readers love new material, and so does Amazon. When your platform is active with new book releases, sales and reviews coming in consistently, the algorithm is â€Å"switched on† to help you sell more by pushing your books into the higher-traffic channels.As your platform continues to scale up, your platform grows.It might be slow at first, and you feel like you’re doing a lot of writing without any gains, butthat is the way it is when you begin to build.Most fiction authors start to see a return on investment after the 4th or 5th book in a series. For nonfiction, this could happen sooner but, I certainly experienced a big shift after launching my 5th book Relaunch Your Life.Another reason multiple books work is, new readers discovering you are almost always going to buy your other books if they like what they read. If that same reader likes your books, maybe he or she wants the course you are offering as well at 20% off.Expanding Book Formats to Make More Money from Your BooksDont just settle for publishing in a single format.Were covering the several different types of book formats you can publish in that will increase your income from writing over time.#1 BoxsetsA boxset is a series of books bundled together allowing readers to purchase the series at a reduced cost per book. This is a great product to create as soon as you have 3 or more books in a series.Check out these boxsets by popular authors:Mortality Bites Boxed Set (Books 1 6): An Urban Fantasy Epic Adventure by Ramy VanceNoah Wolf Box Set #1: Books 1-4 by David Archer#2 AudiobooksThe popularity of audiobooks is on the rise. With less people reading and tuning into digital products while on the run, audiobooks is an income stream you can’t afford to leave on the table. You can record the audiobook yourself or hire a professional. Once recorded, upload to ACX, Audible and expand into other channels for wide distribution through Find Away Voices.#3 PaperbacksWe live in the digital age but, paperbacks are still massively popular. In fact, 30% of my author revenue still comes through paperback sales.With the power of Print-on-Demand, readers can buy our books through Amazon or IngramSpark, and these sites do all the heavy lifting. No inventory.#4 Hardcover BooksYou can use IngramSparks’ powerful distribution network to create stunning hardcover versions of your book. Why not? It’s another income stream that, once set up, sells itself. You have to pay a fee of $49.00 per title and you’ll need an ISBN for each version of the book.#5 Large Print BooksDid you know you can offer readers another version of your book in large print form? This isn’t a huge market but, depending on the age range of your readers, a great option for children’s books or readers with impaired vision.Ideally, you are not just selling a book. You are converting a browser into a lifelong customer. That is the real power of building a brand and an author platform.Right now, take a few minutes to map out a rough plan for your book platform. How many books will you write this year? Is this a series of books or stand-alones? How far apart will you publish your books? Could you compliment your book by introducing a course to go with it?Creating Scalable Income StreamsSuccessful 6-figure authorpreneur J oanna Penn accounts for her success to multiple income streams she calls â€Å"scalable assets† that bring in thousands of dollars every month.Check out how she does it in the video below: In essence, a scalable asset can be anything you create once and continue to sell over and over again.For example, you put in over a hundred hours to write a book. Now, if you were being paid $30 an hour to write, that would be $3000 to you after the work is done. But let’s say your book sells at $4.99 as an ebook, and $12.99 for the paperback.You consistently sell 30 eBooks a day at a 70% royalty rate, because your book is priced between $2.99 and $9.99. The paperback priced at $12.99 earns a fixed 60% royalty rate through KDP. That is roughly 182.00 per day for ebook and paperback sales.Now, this continues for 30 days and that is: 185.0030=$5,550. Now, I calculated this just for one book if it does really well. Imagine where you could be with five, ten or twenty books each generati ng their own passive income streams?How about if you had audiobooks as well? What about foreign rights sales? A course that goes with the book?Get the idea now.Yes, the dream is very real. It is right in front of you, if you want it!How can you scale up your author business right now?How many assets can you create over the next six months?Build an email list of raving fansIf you haven’t started building an email list yet, you need one. Without a fan base to market your books to in the initial book launch phase, you are left to the mercy of the Amazon algorithm. Your list is the horde of fans waiting for your book release.When you get ready to launch your next bestseller, these are the people who will help you to make it a smashing success.A successful book launch is critical. When you Sell More Books, this is a trigger to Amazon that your book is popular and in demand. Amazon steps in to push your book into the also-bought section, the area that recommends popular items to cu stomers when browsing.How do you create an email list?You can start with offering a free gift inside your book.This is a lead magnet that could be a:ChecklistAction GuideAudiobookFree ReportVideo SeriesYour readers give you their email by signing up (what Seth Godin calls â€Å"Permission marketing) and they get added to your newsletter list. This is one of the most effective ways to sell books and continue to add to your subscribers list.Your list is happy because they get to join you on the journey as you keep them in the loop on every writing project. Then, when close to launching, you can invite them to your launch team and offer the book for free to a segment of your list.This helps to secure book reviews during launch week. In turn, your book sales flow in and your book has a stronger chance of sticking in the marketplace after the initial 30-days is over.Remember: From the day your book is published, Amazon puts all books in â€Å"new releases† category. It is critica l you maximize paid downloads and reviews during this 30-day period for the long-term success of the book.Ready to Become a Full-Time Author?Okay, you don’t have to be full time to still make money selling your books. But to make money at this, there are three things you should do consistently.Here is a list of three action items that you, as a real author, can take to scale up your platform, sell more books, and earn good money while you sleep.#1 Form a writing habitI write every morning from 5:30- 7:00. This is a consistent schedule I have kept for the past 3 years and during this time I wrote and launched 12+ books.Developing a writing habit is crucial if you want to make a living writing. If you still have a day job (and most people do) you’ll need to find the time of day works best for you, establish your most productive writing time and make this a habit of creating content during this peak time.Once you’ve established your best time for writing, write co nsistently for five days a week. #2 Publish consistentlyIf you follow the steps above and write with consistency, you can publish frequently, too.Imagine where your (fiction or nonfiction) platform would be if you put out a book every 3-4 months. This is how you create scalable income. Do the work now and reap the rewards later.#3 Communicate with your fanbaseWe looked at the importance of an email list and why you need one. When you are getting ready to launch, you want to be able to shout it out to someone who is listening.Your team of dedicated email subscribers are ready to help you launch bestseller after bestseller. But, communicating with your list is critical in between book launches.At the very least, send out an email once every two weeks, and if you can, once a week. Provide tips, strategies, or an update on what you are working on.Keep your tribe in the loop!#4 Determine Your Level of SuccessYou have to work out the details of what your success means to you.How many i ncome streams can you build, and what are they? Will you focus on the wide distribution model, or stay exclusive with Amazon?This is different for every writer and depends on what you are comfortable with in terms of time and financial investment.Stay focused on the big picture and scale up gradually. With every new book, you are generating potential to earn more and gain wider recognition as an author. If you write one book and focus all your efforts on this, think of other income streams to tie in with your book and the kind of fan base you want to build. Will you offer coaching? Courses? Outsource your tech skills to help other authors?You are an author, and now is the best time to make a living as a writer.Take the First Step Toward Making a Living WritingChandler Bolt created a training focusing on exactly the steps above. In fact, hes built this very 8-figure business on the back of his 6 bestselling books.If anyone knows how to make a living (and then some) writing, its Chand ler.

American history Assignment Example | Topics and Well Written Essays - 1500 words

American history - Assignment Example Answer 1 Social regulations refer to the measures taken by the government to protect public interest such as health, environmental controls, safety regulations and also restrictions on advertising and labeling. The cold war period experienced intense government intervention on social regulations. The government established many regulatory agencies such as Environmental protection Agency, Equal Employment Opportunity Commission, National Highway Traffic Safety Administration, Consumer Product Safety Commission, and Occupation Safety and Health Administration (Hook 67). These policies were meant to deal with the social problems that existed in America at the time. Social regulations had a positive impact on the short run. This is because they helped to bring sanity in most sectors of the economy. Cold war threatened the social stability of the country and the government had to ensure the safety of its citizens mostly in production of goods by industries. However, in the long term effec ts are both positive and negative. The negative effect was that they have reduced the competitiveness of American companies due to high compliance and opportunity costs. In addition, there have been high expenditures on litigation which increases the cost of production. However, measures such as environmental protection have enabled the country to assure its population good health and hygiene (Hook 78). Answer 2 The statement is wholly valid. Conservatism is founded on four fundamental concepts which are liberty, tradition and order, rule of law and belief in God. The evangelical Christians were motivated by emphasis on Judeo- Christian values, advocated by Goldwater and Reagans in their campaigns. The Judeo- Christian values were predominant during the fist half on the 20th century and were now being reignited. Conservatism also emphasized on family values. They stood against same sex marriage, abortion and sexual permissiveness (Hook65). In addition, it advocated for strengthening of traditional standards in public life, religious life and education. These issues enabled conservatism to gain popularity among popularity among people. There was also emergence of a political right group that sought to counter communism in America. They wanted to fight spirit of communism. They believed on the fight against overregulation of free market capitalism, expansion of welfare state, growing power of labor unions and activism in courts. They saw these policies to be against the American values and sought to fight against their implementation (Hook 67). These political ideologies combined with those of mass culture and religion encouraged many people to join politics at the time. However, these values were not new but reignited the ideologies of the first half of 20th century. Answer 3 Cold war period witnessed many foreign policies being formulated by United States. These policies run parallel with domestic affair. The government sought to promote ideas of capitalism an d democracy. America supported corrupt, which were friendly to its policies. These ideologies run parallel with intensive indoctrination of American people. The indoctrination involved anti- communism propaganda and cold war rhetoric. The major vehicle used to propagate capitalist ideals was the film industry (Hook 345). Some actors and actress were blacklisted for

Ethics in Human Resource Management Essay Example | Topics and Well Written Essays - 500 words

Ethics in Human Resource Management - Essay Example .. Any other form of imprudent or non-diligent conduct by a financial advisor or any failure to protect client’s interests contravenes these duties and constitutes a breach of the fiduciary relationship (Koslowski, 2009, p. 39) Similarly, bankers will have to devise approaches that will not only cater to the needs of their clients but also comply with the needs of the â€Å"society as a whole† (Clerk, 2011 p. 5). Customers are the most important asset of a business, and they must be dealt with the most efficient way possible. Nevertheless, social responsibility should not be taken for granted; thus, â€Å"practitioners of ethical banking make the choice to only finance projects and organizations that contribute to a more sustainable society and they define absolute criteria about who they will lend money to† (Clerck, 2011 p. 5). There are several approaches that a bank may sustain in order to strengthen the aforementioned values in its employees. It may employ a â€Å"Customer Satisfaction Appraisal† program that will give opportunities for clients to voice out their opinion on the services provided, as well as their evaluation of the specific bank officer that handles each of their account.

City Life Essay Example for Free

City Life Essay Hello! I have a request for you to give me a feedback on my essay. Thanks in advance. Essay on city life see more:city living vs country living The migration from the countryside to city areas is merely a new phenomenon. This is a historic transformation on a global scale that consists of village culture being rapidly replaced by urban culture. Nowadays more than half of the worlds population lives in the cities. The majority of the people migrate of the better employment opportunities, the medical and educational facilities but there are also other reasons like the fun attractions of city life. City life is far more interesting and appealing to young people than rural life with its theaters, cinemas, night clubs, restaurants, shopping centers, places where you can practice some sport and get a professional to help you out with it and all sorts of other things you can imagine. Nevertheless urban life has its disadvantages too.Those ensue from the fact that inevitably life becomes more and more rapid in the city and that results in the way people act. They walk through life hurriedly without noticing the important things in life that are family and nature. They become more and more distant and loose their way to nature which leads to more and more medical conditions ensued by withdrawing from nature. Life in our cities will become more perturbed in the future. The main problem will be overpopulation therefore the streets will become crowded with people, it will take hours to get anywhere. Even if the traveling issues are solved overpopulation will result in many homeless people because there isnt enough space for everybody even if skyscrapers are built to the sky. Other than that new technologies will develop even more and make life easier than today. In conclusion city life is very appealing but its developing rates are harmful for mans survival and future. Future generations will have to solve this problem.