Milestones

Milestones

The Randall Crater management team has established some basic milestones to keep the business plan priorities in place. Responsibility for implementation falls on the shoulders of Randall Crater ®. This Milestones Table below will be updated as the year progresses using the actual tables. New milestones will be added as the first year of operations commences.

Milestones
Randall BP 5

Milestones
Milestone Start Date End Date Budget Manager Department
Business Plan 1/1/1998 2/1/1998 $1,000 Randall Crater Admin
Secure Start-up Funding 2/15/1998 3/1/1998 $1,000 Randall Crater Admin
Site Selection 3/1/1998 3/15/1998 $1,000 Randall Crater Admin
Architect Designs 4/1/1998 5/1/1998 $1,000 Randall Crater Admin
Designer Proposal 4/1/1998 4/15/1998 $1,000 Randall Crater Admin
Technology Design 4/1/1998 4/15/1998 $1,000 Randall Crater Admin
Year 1 Plan 6/1/1998 6/5/1998 $1,000 Randall Crater Admin
Personnel Plan 7/1/1998 7/10/1998 $1,000 Randall Crater Admin
Accounting Plan 7/1/1998 7/5/1998 $1,000 Randall Crater Admin
Licensing 9/1/1998 9/15/1998 $1,000 Randall Crater Admin
Totals $10,000

 

Management Summary

Randall Crater is owned and operated by Randall Crater ®. The company, being small in nature, requires a simple organizational structure. Implementation of this organizational form calls for the owner, Randall Crater, to make all of the major management decisions in addition to monitoring all other business activities.

Personnel Plan

The staff will consist of six part-time employees working thirty hours a week at $5.50 per hour. In addition, one full-time technician (who is more technologically oriented to handle minor terminal repairs/inquiries) will be employed to work forty hours a week at $10.00 per hour. The three private investors, will not be included in management decisions. This simple structure provides a great deal of flexibility and allows communication to disperse quickly and directly. Because of these characteristics, there are few coordination problems seen at Randall Crater that are common within larger organizational chains. This strategy will enable Randall Crater to react quickly to changes in the market.

Personnel Plan
1999 2000 2001
Owner $24,000 $26,400 $29,040
Part Time 1 $7,920 $7,920 $7,920
Part Time 2 $7,920 $7,920 $7,920
Part Time 3 $7,920 $7,920 $7,920
Part Time 4 $7,920 $7,920 $7,920
Part Time 5 $3,960 $7,920 $7,920
Part Time 6 $7,920 $7,920 $7,920
Technician $21,731 $23,904 $26,294
Manager $4,000 $24,000 $26,400
Total People 0 0 0
Total Payroll $93,291 $121,824 $129,254