Dialogue of the final project in English

 What was the process like?

for creating the "Iris De Almibar" project

Context:

 I'm a project management student pitching my project "Iris De Almibar" to a potential investor at a networking event. 

I use the past simple tense to describe what we accomplished, focusing on key project management terms and relevant details.

Written Narrative in Past Simple Tense

Title: 

Project Retrospective: Iris De Almibar Micro-Enterprise

Last semester, my team and I managed the development of 'Iris De Almibar,' a micro-enterprise focused on artisanal baked goods. The project goal was to address the growing demand for authentic, traditional food in urban areas like Bogotá by leveraging a wood-fired oven for unique flavors.

We started by engaging with stakeholders through market research to define the project scope.            We identified three customer segments: middle-class families, vulnerable populations, and premium clients. Based on this, we outlined a clear scope that included product development, marketing, and distribution channels.

We established a detailed timeline with key milestones, such as completing the MVP within the first month, securing legal approvals, and launching the marketing campaign. We used a phased approach, where each milestone had specific deliverables, like the initial product line and customer feedback reports.

For risk management, we identified potential risks, including regulatory hurdles and supply chain disruptions. We developed mitigation strategies, such as partnering with local suppliers in Sibaté and obtaining necessary certifications early. This helped us avoid delays and cost overruns.

We executed the project within the allocated budget of approximately $11.6 million COP for the austere scenario. We monitored expenses closely, focusing on cost-effective solutions for equipment and ingredients. The financial projections showed a positive trend, with monthly revenue growing from $2 million to $10 million COP within the first year.

We delivered the final products on time, incorporating user feedback from testing phases. The success metrics, including customer retention and profit margins, exceeded our initial expectations. The main lesson we learned was the importance of adaptive planning and continuous stakeholder communication for achieving project objectives and ensuring a strong ROI potential.