HANOI UNIVERSITY OF SCIENCE AND TECHNOLOGY

INSTITUTE OF ECONOMICS AND MANAGEMENT

***** *****

FINAL REPORT
PROJECT MANAGEMENT
PROJECT: GRIND
GROUP 7, GRIND, 149161, 2023-2
Lecturer: Nguyen Hoang Lan

No. Name ID Position

1 Dinh Duc Manh 20213156 Leader
2 Vu Hoang Anh 20213118 Member
3 Nguyen Khanh Huyen 20213143 Member
4 Tong Khanh Linh 20210534 Member
5 Ho Ngoc Duy 20210283 Member

2023 - 2024
Appendix:
Introduction
1. Reasons to choose the project
1.1 High demands for effective training equipment
1.2 Great market potential
1.3 Improve individual skills
1.4 Economic benefits
1.5 Competitiveness
2. Project objectives
2.1 High-quality product development
2.2 Optimize training efficiency
2.3 Expand the market
2.4 Customer support
2.5 Innovation and continuous improvement
2.6 Achieve revenue and profit
Project evaluation
1. Cost analysis
2. Revenue analysis
3. Cash flow
Project management
1. Project scope management
1.1 Collect requirement
1.2 Work breakdown structure (WBS)
1.3 Project scope for a basketball shooting machine
1.3.1 Project objectives
1.3.2 GRIND basketball’s deliverables
1.3.3 Acceptance criteria
1.3.4 Project assumptions
1.3.5 Project constraints
1.4 Best practices in scope control
1.4.1 Scope verification
1.4.2 Scope monitoring
1.4.3 Documentation
1.4.4 Communication
2. Project stakeholders management
2.1 Stakeholders identification
2.2 Stakeholders engagement assessment matrix
3. Project schedule management
Conclusion
Work progress & evaluation
 Final Report
Group 7
I. Introduction
In the context of increasingly developing sports and the increasing need to
improve individual skills, Grind Basketball Machine was born as a breakthrough
and effective training solution for basketball players at all levels. With advanced
technology and smart design, Grind Basketball Machine not only helps players
improve their shooting ability but also optimizes the training process by
automatically returning the ball and adjusting the shooting angle.
Grind Basketball Machine brings an unprecedented training experience, helping
players focus completely on improving their skills without having to worry about
recovering the ball after each shot. This device is suitable for everyone from
professional athletes, sports academies, basketball clubs to individuals who love
this sport. In addition, Grind Basketball Machine also provides performance
tracking and evaluation features, helping users easily track progress and set specific
goals.
With the goal of not only improving individual skills but also promoting the
basketball training movement, the Grind Basketball Machine project promises to
become an indispensable tool in training and developing sports talents. We believe
that, with the combination of modern technology and convenience in use, Grind
Basketball Machine will bring outstanding values and contribute positively to the
development of basketball.

1. Reasons to choose the Project:

1.1. High Demand for Effective Training Equipment:
Basketball players, from amateurs to professionals, are always looking for
means to improve their skills and training efficiency. Grind Basketball Machine
meets this need by providing a systematic and continuous training method.
1.2. Great Market Potential:
The sports market, especially basketball, is growing strongly globally. The
increase in sports centres, summer camps and basketball training programs has
created a high demand for modern training aids.
1.3. Improve individual skills:
 This machine helps players focus on improving their shooting skills, an
important skill in basketball, thereby increasing their chances of success in
competition.
1.4. Economic Benefits:
Grind Basketball Machine can be sold to sports centres, schools, basketball
clubs and individuals, creating a stable source of income and great profit potential.
1.5. Competitiveness:
Investing in unique technology and design of the machine will help businesses
gain competitive advantage in the market, attracting more customers and partners.

2. Project objectives:
2.1. High-quality product development:
Design and manufacture a high-quality, reliable and easy-to-use basketball
training equipment that meets the needs of players at all levels.
2.2. Optimize training efficiency:
Create a product that optimizes players' training process, helping them improve
their shooting skills quickly and effectively.
2.3. Expand the market:
Build a strong marketing and sales strategy to reach and expand domestic and
international markets, ensuring that the product reaches the most potential users.
2.4. Customer support:
Provide excellent customer support, including user manuals, warranties and
after-sales services to ensure customer satisfaction and trust.
2.5. Innovation and continuous improvement:
Invest in research and development to continuously improve products, update
new features and maintain a competitive position in the market.
2.6. Achieve Revenue and Profit:
Set specific revenue and profit targets to ensure the project is not only
sustainable but also financially beneficial to investors and the company.
II. Project evaluation
1. Cost analysis
PROJECT: Basketball throwing machine (pre-sale in 5 months)
Unit
No. Type of cost Unit Quantity Total Note
Price
Initial investment cost (USD)

1 Equipment pcs 3 70,000 210,000

2 Materials pcs 100 1,000 100,000

Technology
(software for
3 pcs 1 200,000 200,000
machine
programming)

Operational costs (USD)

1 Labor person 15 3,500 52,500 per month

Utilities (water;
2 electronics; gas; pcs 1 10,000 10,000 per month
etc.)
Maintenance
(regular of
3 pcs 1 5,000 5,000 per month
machinery
repairs)

Marketing and promotion expenses (USD)

Advertising
(Online ads;
1 pcs 1 50,000 50,000 per month
social media;
etc.)
2 Promotion pcs 1 50,000 50,000 per month
 Administrative and overhead expenses (USD)
Rent for office
and
1 pcs 1 10,000 10,000 per month
manufacturing
space
2 Insurance pcs 1 5,000 5,000 per month

3 Office supplies pcs 1 2,000 2,000 per month

Administrative
4 pcs 1 30,000 30,000 per month
salaries

Total Estimated Costs (USD)

1 Initial investment cost 510,000

2 Operational costs 67,500 per month

3 Marketing and promotion expenses 100,000 per month

4 Administrative and overhead expenses 47,000 per month

Total 724,500
2. Revenue analysis
Average
No. Item Unit Quantity Revenue Note
price
Direct sales to per
1 2000 pcs 500 1,000,000
consumers year
Sales to sports per
2 1,500 pcs 1000 1,500,000
equipment retailers year
Rental services for per
3 50 hour 2400 120,000
sports facilities year
Licensing technology manufact per
4 50,000 5 250,000
to other manufacturers urer year
Total 2,870,000
 3. Cash Flow

III. Project management.

1. Project Scope Management.
1.1. Collect requirement
- Establish partnerships with reliable suppliers to ensure provide customers with
good products and reasonable prices, and the highest service quality.
- Get profit from selling grind basketball machines with the products related to
basketball sport (basketball, athletic streetwear, and equipment such as hoops, nets,
and training aids)
- Develop a user-friendly website for online sales, including features like product
browsing, secure payment options, and order tracking.
- Optimizing investment costs to be the most effective, economically.
- Having good quality staff and colleagues.
1.2 Work Breakdown Structure (WBS).
1.3. Project Scope for a Basketball Shooting Machine
1.3.1. Project Objectives:
- To develop an enhanced version of the GRIND basketball shooting machine that
offers advanced analytics features.
- To improve user experience through interactive training modules.
- To increase the portability and ease of assembly of the machine.
1.3.2. GRIND basketball’s Deliverables
- A fully functional prototype of the enhanced shooting machine.
- Software updates including new analytics features.
- User manual and interactive training guide.
- Marketing plan for the new product launch.
1.3.3. Acceptance Criteria:
- The prototype must demonstrate a 20% improvement in setup and disassembly
time.
- The new analytics features must provide at least three unique insights not offered
by competitors.
- User feedback on the interactive training guide must be 90% positive
1.3.4. Project Assumptions:
-The market for basketball training aids will continue to grow.
- Existing GRIND customers will be interested in upgrading to the new machine.
- Supply chain constraints will not delay production.
1.3.5. Project Constraints:
- The project must be completed within a 12-month timeframe.
- The budget is capped at $500,000.
- The machine must be compatible with existing GRIND Basketball products.
1.4. Best Practices in Scope Control
1.4.1. Scope Verification:
- Regular meetings will be held with stakeholders to review project progress and
verify that the scope is being met.
- Prototypes will be tested against the acceptance criteria before moving to the next
phase.
- Any deviations from the scope will be documented and addressed immediately.
1.4.2. Scope Monitoring:
- The project manager will monitor scope creep through regular status reports and
dashboard metrics.
- The team will use project management software to track progress against the
defined scope.
- Stakeholders will be updated on any potential scope changes that could affect the
project outcome.
1.4.3. Documentation:
- All changes and their impacts on the project will be recorded in a scope
management plan.
- The project documentation will be updated regularly to reflect the current scope.
- Lessons learned from scope changes will be documented for future reference.
1.4.4. Communication:
- The project manager will ensure transparent communication with the team and
stakeholders about scope-related issues.
- Regular updates will be provided to keep all parties informed about the control
measures in place.

2. Project stakeholders management.

2.1, Stakeholders identification

Stakeholder Name Category Identify Stakeholders Level of Level of

engagement interest skill

- The Factory of
Vũ Nguyễn Thành Internal /
Owner basketball machine to High High
Vinh Primary be profitable,
sustainable

Internal /
Vũ Hoàng Anh Manager - Effective High High
Primary management

- Fair compensation

- Safe and
Nguyễn Khánh Internal /
Employee supportive Medium Medium
Huyền Primary environment

- Opportunities for
growth
Đinh Đức Mạnh Internal / Employee
Primary - Fair compensation Medium Medium

- Safe and
 supportive
environment

- Opportunities for
growth

- Useful machine in
playing sport
Internal / Not
Hồ Ngọc Duy Customer High
Primary - Safety required

- Good price

- Useful machine in
playing sport
External / Not
Tống Khánh Linh Customer High
Primary - Safety required

- Good price

- Comply with
Government of the
External / Regulatory regulation
Socialist Republic of High High
Secondary Agencie
Vietnam - Safety and worker
health standard

- Effective
communication
External / Financial
MB Bank
Primary Institution - Long term High High
relationship

- Pay on time
Agribank External / Financial
Primary Institution - Effective High High
communication

- Long term
relationship
 - Pay on time

- Effective
communication
External /
Dallas Mavericks Investor - Long term High Medium
Primary
relationship

- Expectation to deal

- Effective
communication
External /
Mark Cuban Investor - Long term High Medium
Primary
relationship

- Expectation to deal

- Effective
communication
External /
Barbara Corcoran Investor - Long term High Medium
Primary
relationship

- Expectation to deal

- Timely payment

Techstars Sports External / - Clear

Supplier communication Vary High
Accelerator Primary
- Mutually beneficial
relationship
Thomas Fields External / Supplier
Primary - Timely payment Vary High

- Clear
communication

- Mutually beneficial
 relationship

- Timely payment

External / - Clear
Hoa Phat Group Supplier communication Vary High
Primary
- Mutually beneficial
relationship

- Effective
External / Business communication Depend on
NBA nature of High
Primary Partner
- Shared partnership
responsibility

- Effective
External / Business communication Depend on
Affirm nature of High
Primary Partner
- Shared partnership
responsibility

2.2, Stakeholders engagement assessment matrix

Stakeholders Unaware Resistant Neutral Supportive Leading
Vũ Nguyễn Thành Vinh D, C
Vũ Hoàng Anh C D
Nguyễn Khánh Huyền C D
Đinh Đức Mạnh D, C
Hồ Ngọc Duy C D
Tống Khánh Linh C D
Government of the Socialist
C D
Republic of Vietnam
MB Bank C D
Agribank C D
Dallas Mavericks C D
Mark Cuban C D
 Barbara Corcoran C D
Techstars Sports Accelerator C D
Thomas Fields C D
Hoa Phat Group C D
NBA C D
Affirm C D

Meet their needs Key player

 customer  owner
 supplier  employee
 partner
 manager

Low priority Keep informed

 competitor  regulator

3. Project Schedule Management (detailed timeline).

NO TASK Duration Progress START END

Market analysis and competitor
1
research
1,1 Identify potential customers 1 day 100% 04/07/2023 05/07/2023
1,2 Shaping the business model 3 days 20% 05/07/2023 08/07/2023
1,3 Build the right strategy 4 days 25% 08/07/2023 11/07/2023
Search for premises and rent a
2
location
Look for potential locations for the 4 days
2,1 12/07/2023 16/07/2023
café
2,2 Evaluate and compare space options 3 days 16/07/2023 19/07/2023
2,3 Negotiate and sign lease agreements. 1 week 19/07/2023 26/07/2023
3 Building and decorating the shop
3,1 Design of the cafe space 5 days 26/07/2023 31/07/2023
Prepare necessary materials and 3 days
3,2 31/07/2023 03/08/2023
equipment.
Carry out construction and 2 weeks
3,3 03/08/2023 16/08/2023
decoration work
4 Menu selection
Supplier selection and general source 1 week
4.1 05/08/2023 12/08/2023
of raw materials
Creating recipe, testing and refining 1 week
4.2 12/08/2023 19/08/2023
the menu
Procurement and preparation of
5
equipment
Determine the list of equipment 1 day
5,1 30/07/2023 31/07/2023
needed for the shop
5,2 Purchase equipment and tools 5 days 31/07/2023 05/08/2023
5,3 Inspect and install equipment 2 days 05/08/2023 07/08/2023
6 Staff recruitment and training
Determine the number and roles of 1 day
6,1 16/08/2023 17/08/2023
employees.
6,2 Post jobs and interview candidates. 5 days 17/08/2023 22/08/2023
1 week
Train employees on business and 2
6,3 22/08/2023 01/09/2023
processes and customer service. days

7 Promotion and marketing

Develop marketing and advertising 5 days
7,1 01/09/2023 06/09/2023
strategies.
Design and print advertising 1 week
7,2 06/09/2023 13/09/2023
materials
7,3 Implement online and offline 10 days 13/09/2023 23/09/2023
 marketing activities
Conduct grand opening and
8 Ongoing
promotion

IV. Conclusion
The Grind Basketball Machine project is a promising venture that has the potential
to revolutionize basketball training. The project aimed to develop a state-of-the-art
basketball machine that can simulate various game scenarios, provide precise
shooting feedback, and improve overall skill development.
Throughout the project, significant progress was made in designing and prototyping
the Grind basketball machine. Extensive research and development were conducted
to ensure the machine's functionality, durability, and user-friendliness. The project
team successfully incorporated advanced technology, such as computer vision and
machine learning algorithms, to create a realistic and immersive training
experience.
In terms of the project budget, careful financial planning and resource allocation
were crucial to ensure the successful implementation of the Grind basketball
machine. The team effectively managed costs, exploring cost-effective sourcing
options without compromising on the quality of materials and components.
Additionally, strategic partnerships with basketball training academies and
professional teams were established to secure funding and support for further
development and marketing efforts.
V. Group work progress and evaluation
Student
No Full Name Evaluation
ID
7 Vũ Hoàng Anh 20213118 Good
14 Hồ Ngọc Duy 20210283 Good
24 Nguyễn Khánh Huyền 20213143 Good
32 Tống Khánh Linh 20210534 Good
34 Đinh Đức Mạnh 20213156 Good
58 Vũ Nguyễn Thành Vinh 20213191 Good