The Project-zero company is entitled with a huge task of guaranteeing that the world attains food security through the reduction of wasted or squandered foods. As such, realization of the mission requires engrossment of many people. The best legal form/structure of the company will be a charitable organization. The charity organization will be easy to establish since, after preparation of the documents required for registration, it will take only a few days for Project-zero to be operational. Project-zero will be able consistently dispense its roles within the volunteer members thus making it easy to achieve its mission. Project-zero will have representatives in different parts of the world; the representatives will help Project-zero to candidly spread the message of reduction of food wastage. Moreover, being a charity organization will allow Project-zero to raise more funds (especially through donations) that will help it achieve the many tasks that lie ahead of the company. It will be able to seek financial and technical assistance from various humanitarian agencies such as WFO and World Bank, a factor that will increase its resources and consequently its capability to achieve its mission.
The Cost Benefit analysis of Project-zero value chain provides insight on the main goals of the program, which are to reduce food wastage and offer food security to most homes. The first process in the value chain of Project-Zero was technological advancement where implementation of a software tool was reached.
The software was intended to play a key role to assure the individual benefits from the program.
The benefits include:
Store and organize data concerning food wastage
The software will collect, collate, analyze and disseminate information that will point out the areas where the wastage of food occurs in homes, restaurants, motels and other areas (Wilson and Boncoeur, 2008). Since information is power, the software will play a big role in creating awareness on how to eliminate the loopholes regarding wastage of food and offer solution on how to prevent it.
Compute inflows, outflows, value addition
The food program software will compose both the inflows and the outflows regarding Project-Zero activities to offer a detailed description of all processes. It also outlines the steps taken in fighting the food wastage vice and gives the best proposals in fixing the problem.
The problem associated with the Project-Zero software is the high costs of implementation. The project required to solicit for funds that will sponsor the installation and maintenance of the software program. The software tool also needs high literacy levels so that it can be applied in a way that benefits will be reaped.
Human Resource Development
Project-Zero focused on utilizing the available volunteer and employees in bringing a remarkable change aimed at reducing food wastage and loss. The workforce will concentrate on giving the best alternatives to avoid the food wastage and offer recommendations that will ensure that food security is never a gamble but an assurance.
The human resource department will aim at promoting the goals and objects of the project so that they can be realized within the set period. They will focus on promoting effective ways to counter the challenges associated with food wastage. When a society is educated about the benefits of eradicating food wastage, they will take measures that will be helpful in doing away with the problem (Wilson and Boncoeur, 2008).
Nevertheless, human resource development may be affected by internal wrangles and poor information flow. The project requires to establish a clear organizational structure that will define the functions of every member of Project-Zero. The absurdity in Human Resource Development is the time required to share the responsibilities to remain effective.
Research and development
Project-zero will have to conduct research on the areas that are known for wasting foods and identify the best strategies to curb the behavior. The 1.3 billion of food wasted is spread in various parts of the world (Jennings et al., 2008). Candid and comprehensive study will be conducted to identify the areas that are prominent for wasting food. Research and development will cost Project-zero around $ 5 million and thus increase the payback period of the project. Project-zero will have to incur extra operational costs since it will have to employ research experts to conduct the research and conduct data analysis. The increment in operation cost will reduce the money that the company intends to use for sensitization (Jennings et al., 2008). Since the organization is a nonprofit-making, research and development and will enable the company to increase its internal rate of return (IRR) and the funds generated will be ploughed back into supporting the activities of the organization (Jonathan et al., 2009). Research and development will also improve the personnel’s knowledge on how to use existing resources and diversify the stock of knowledge that the partners in a partnership and employees have.
Additionally, research and development will inform the organization on how to distribute its human resources depending on the hotspots that will be identified (Jennings et al., 2008). Places that are prone to food wastage and food insecurity will be allocated more material and human resources. The community will gain an inordinate knowledge on how to maximize on food utilization and avert any prevalent wastage.
Jennings, N. R., Sycara, K. P., & Wooldridge, M. (2008). A Roadmap of Agent Research and Development. Autonomous Agents and Multi-agent Systems.
Jonathan, M., Christopher, C. and Jodie, K. (2009). "Upgrading Along Value Chains: Strategies for Poverty Reduction in Latin America". Comercio Pobreza en Latino América (COPLA). Briefing Paper (London: Overseas Development Institute).
Wilson, J. R. and Boncoeur, J. (2008). Microeconomic efficiencies and macroeconomic inefficiencies: on sustainable fisheries policies in very poor countries. Oxford Development Studies 36 (4): 339-460