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    Project Charter

    Uploaded by

    Shivangi Dhingra
    The project charter outlines a turnaround plan for an airline (KFA) struggling with huge debt, losses, and failed mergers. The plan includes forming a core team to develop a restructuring plan, presenting the plan to investors for capital investment, converting debt to equity, clearing dues to oil companies and staff, and focusing on efficient operations and secondary city routes to increase revenues. The expected result is an effective turnaround making KFA profitable again. Resources and skills needed include intellectual capital, expertise, working capital, and investment experience. Timelines show activities like plan development and capital raising occurring in the first two quarters, with operational changes in the third quarter and expected results by quarter 4.

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    Project Charter

    Uploaded by

    Shivangi Dhingra
    315 views2 pages
    The project charter outlines a turnaround plan for an airline (KFA) struggling with huge debt, losses, and failed mergers. The plan includes forming a core team to develop a restructuring plan, presenting the plan to investors for capital investment, converting debt to equity, clearing dues to oil companies and staff, and focusing on efficient operations and secondary city routes to increase revenues. The expected result is an effective turnaround making KFA profitable again. Resources and skills needed include intellectual capital, expertise, working capital, and investment experience. Timelines show activities like plan development and capital raising occurring in the first two quarters, with operational changes in the third quarter and expected results by quarter 4.

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    project charter for a plan

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    project charter

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    The project charter outlines a turnaround plan for an airline (KFA) struggling with huge debt, losses, and failed mergers. The plan includes forming a core team to develop a restructuring plan, presenting the plan to investors for capital investment, converting debt to equity, clearing dues to oil companies and staff, and focusing on efficient operations and secondary city routes to increase revenues. The expected result is an effective turnaround making KFA profitable again. Resources and skills needed include intellectual capital, expertise, working capital, and investment experience. Timelines show activities like plan development and capital raising occurring in the first two quarters, with operational changes in the third quarter and expected results by quarter 4.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    315 views2 pages

    Project Charter

    Uploaded by

    Shivangi Dhingra
    The project charter outlines a turnaround plan for an airline (KFA) struggling with huge debt, losses, and failed mergers. The plan includes forming a core team to develop a restructuring plan, presenting the plan to investors for capital investment, converting debt to equity, clearing dues to oil companies and staff, and focusing on efficient operations and secondary city routes to increase revenues. The expected result is an effective turnaround making KFA profitable again. Resources and skills needed include intellectual capital, expertise, working capital, and investment experience. Timelines show activities like plan development and capital raising occurring in the first two quarters, with operational changes in the third quarter and expected results by quarter 4.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Project Charter 1.

    Define the project Scope -Main Problem- Inability to service huge debt due to recurring continued operating losses, poor management & failed merger. -Initiatives for turnaround

    Business Process Scope: In Scope Out of Scope

    Clear dues of oil companies, IATA Restructuring of the business model Approach investors for capital with assurity report clear salary dues or give assurance focus on secondary cities instead of Metros Minimise wasteful costs (e.g. Calendars) 2.

    Government support extended to KFA, hike in fuel price & airport charges are out of scope

    3.

    Specific dependencies of the main problem Main Area of Problem Finance- Inability to service debt Secondary areas and their linkages Finance- Unable to raise fresh equity and conversion of debt into equity, Liquidity crunch Customer- Negative brand image and high dissatisfaction Operations- Grounding of planes, Delay & cancellation of Flights, Learning-Employee turnover & strikes Overall project scope and statement of work Assess & implement the above initiatives for effective turnaround 1. Form core team to formulate steps of restructuring plan 2. Present restructuring plan with assurity report to prospective investors 3. Reduce debt by converting debt into equity 4. Clear all dues of oil companies, IATA and staff salaries 5. Focus on operational efficiency and strategies to increase revenues 6. Operate in secondary cities and define the new market segment of fliers of small cities Expected End Result of the initiatives End result would be effective turnaround of KFA, getting it back on tracks and making it profitable again. Resource and Skill requirement Deliverable Resource & Skill Formation of Core Team Intellectual Capital Restructuring Plan Technical knowhow, Expertise, Experienced Debt Reduction Working Capital, Clearance of Dues Investment Expertise Increase revenues Shareholders Working capital Profit generation, customer satisfaction, operational excellence

    4.

    5.

    6.

    Timelines and schedules

    Activity 1 Formation of Core Team Restructuring Plan Capital Restructuring Clearance of Dues Operational Efficiency
    7. Budget Constraints Initiative Formation of Core Team Restructuring Plan Capital Restructuring Clearance Of Dues* Operational Efficiency Project Master Plan

    Quarter 1 2

    Quarter 2 5

    Quarter 3 8

    Budget 8000000 220000 80000+ Personal Guarantee+ Collateral *50000000 10000000

    Time (Months) 1 3 6 3 3

    8.

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