BTEC Level 4 HND Diploma in Business Unit 6: Management a Successful Business Project (491)
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ASSIGNMENT 1 FRONT SHEET QualificationBTEC Level 4 HND Diploma in Business Unit number and titleUnit 6: Management a Successful Business Project (491) Submission date20/02/2022Date received (1stsubmission) Re-submission dateDate received (2ndsubmission) Student nameTran Thi Gia KhanhStudent IDGBD 201 ClassGBD 0906Assessor nameVo Cong Student declaration I certify that the assignment submission is entirely my own work and I fully understand the consequences of pla making a false declaration is a form of malpractice. Student’s signature: Grading grid P1P2P3P4M1M2
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2 |P a g e Summative Feedbacks:ResubmissionFeedbacks: Grade:Assessor Signature:Date: Internal Verifier’s Comments: Signature & Date:
3 |P a g e Table of Contents INTRODUCTION............................................................................................................................................................ 4 PROJECT AIMS AND OBJECTIVES FOR THE SCENARIO................................................................................................ 4 1.PROJECT OBJECTIVES........................................................................................................................................ 4 2.PROJECT AIM.................................................................................................................................................... 4 PROJECT MANAGEMENT PLAN.................................................................................................................................... 5 1.SCOPE................................................................................................................................................................ 5 2.TIME.................................................................................................................................................................. 5 3.COST BREAKDOWN STRUCTURE...................................................................................................................... 6 4.MILESTONE SCHEDULE..................................................................................................................................... 6 5.QUALITY............................................................................................................................................................ 7 6.COMMUNCATION PLAN................................................................................................................................... 7 7.RISK MANAGEMENT PLAN............................................................................................................................... 8 8.RESOURCES....................................................................................................................................................... 8 WORKPLACE TRANSFORMATION PRACTICE IN HIGHLANDS COFFEE......................................................................... 9 VALUE AND BENEFITS OF WORKPLACE TRANSFORMATION IN CREATING COMPETITIVE ADVANTAGES................ 9 CONCLUSION.............................................................................................................................................................. 10 QUESTIONNAIRE........................................................................................................................................................ 11 PROJECT LOGBOOK_ WEEK 1..................................................................................................................................... 13 PROJECT LOGBOOK_ WEEK 2..................................................................................................................................... 15 GANTT CHART............................................................................................................................................................. 17 REFERENCES................................................................................................................................................................ 17
4 |P a g e INTRODUCTION Workplace transformation is the remodeling of flexible workspaces to accommodate a variety of work, staff, and generations. The administrative center has changed quickly to meet those ongoing developments, which have been accelerated by new technology and expanding globalization. Senior management must enact enterprise-friendly procedures. Consequently, the researcher supervises the execution of a small study to gather data and examine how various Human Resource departments manage this issue. Starbucks Corporation, an American company, founded in 1971 in Seattle, WA, is the country's most giant roaster, marketer, and retailer of coffee products. Starbucks employs about 349.000 people across 32,660 company-operated and authorized stores in 83 countries. Their product line consists of roasted and handcrafted high-quality/premium-priced coffee products, tea, a range of fresh food products, and other drinks. This record will include all of the elements necessary for any project, focusing on the place of business change. The document's first phase will give the task objectives, goals, and control plan to provide some background. Following that is the painting's breakdown form and stages for completing and achieving the aims. The researcher can even design a brief questionnaire that will be distributed to the applicants later to collect data. Finally, all of the previous data may be examined, summarized, and put into effect by looking at the cost and benefits of business change in developing competitive advantages. Furthermore, weekly logbooks may be updated every week so that the instructor can stay on top of the task's progress. PROJECT AIMS AND OBJECTIVES FOR THE SCENARIO 1.PROJECT OBJECTIVES •Research and proposal locations where coffee trucks can be placed during the COVID-19. •Research how to decorate a coffee truck. 2.PROJECT AIM A step-by-step investigation of the purpose of coffee trucks by coffee companies and the benefits that businesses may derive from employing coffee trucks in the context of COVID19.
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5 |P a g e PROJECT MANAGEMENT PLAN 1.SCOPE The following criteria will be used to accomplish project plans: •Geographic: Da Nang •People: Starbucks’s customer of different ages 2.TIME TASKDURATION (days) START DATEFINISH DATE PROPOSAL Define Topic310/01/202213/01/2022 Draft Proposal Form310/01/202213/01/2022 Proposal Form310/01/202213/01/2022 PLANNING SMART Goal313/01/202216/01/2022 Project Management Plan213/01/202215/01/2022
6 |P a g e Evaluate values and benefits215/01/202217/01/2022 Gantt Chart315/01/202218/01/2022 Prepare questionnaire215/01/202217/01/2022 Milestone 1: Submission & Meeting117/01/202217/01/2022 EXCUTION Sending a survey to candidates118/01/202219/01/2022 Collecting data917/01/202226/01/2022 Listing and analyzing collected data217/01/202219/01/2022 Giving recommendations217/01/202219/01/2022 REPORT Week logbooks Week 1115/01/202215/01/2022 Week 2122/01/202222/01/2022 Week 3129/01/202229/01/2022 Week 415/02/20225/02/2022 Milestone 2: Submission & Meeting112/02/202212/02/2022 3.COST BREAKDOWN STRUCTURE A cost breakdown structure (CBS) is a breakdown or hierarchical depiction of a project's different expenses. A cost structure plan (WBS) represents the cost of a component in a work breakdown structure is represented by a cost structure plan (WBS). CBS is a powerful instrument for managing a project's life cycle, particularly its financial components, by providing a structure for implementing quantitative cost management (Project Business Technology Resources). 4.MILESTONE SCHEDULE A milestone agenda, often known as a milestone chart, is a schedule that uses milestones to break a challenging plan into crucial segments. It's employed because of its simplicity when challenge managers
7 |P a g e or sponsors communicate a high-level picture of the challenge schedule with stakeholders or crew contributors without going into every detail (ProjectManager.com, 2021). NO.MILESTONESTART DATEFINISH DATE 1Submission & Meeting17/01/202218/01/2022 2Submission & Meeting12/02/202212/02/2022 5.QUALITY The following elements are used to evaluate this project: •R & D costs for this project. •To ensure project progress, each phase of the investigation and test run must be completed on time. •Statistics are from people over the age of 16, and candidates are required to answer all survey questions. •Based on the project's success or failure (based on participant feedback and HR's ability to solve problems based on feedback). •Achieve the project's initial objectives. •All statistics are taken from corporate workers with solid positions and work experience, resulting in a diverse spectrum of thoughts and viewpoints. 6.COMMUNCATION PLAN A communication plan in project management describes how you intend to communicate important, ongoing project data to key stakeholders. Your verbal interaction strategy will aid your organization in understanding who should be receiving which alerts and when to include project stakeholders (Asana, 2021). NO.COMMUNICATIONMETHODFREQUENCYOWNER 1Task progress updatesEmail/ Google SheetsDailyProject manager 2Expense reportingEmail/ ReportsOnce every two weeksProject manager 3Activities monitoringEmail/ MeetingsTwice a weekProject manager 4Project and risks reviewEmail/ Meetings/ Reports Once a weekProject manager
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8 |P a g e 7.RISK MANAGEMENT PLAN Risk management is the process of detecting, assessing, and accepting or limiting the uncertainty of investment choices in the financial sector. Risk management is the process through which an investor or fund manager analyzes and quantifies the possible investment loss (Kenton, 2020). Risk EventLikelihoodImpactDetection difficulty WhenResponse Not enough responses for the survey. 352Candidates are being surveyed. Avoid: Distribute it to as many diverse people. Lack of information on the project that is being carried out. 253Conduct research and evaluation on the chosen firm. Transferring: choose another firm in the same industry while keeping the present issue in mind. Lack of funds141Throughout the project Avoiding: Carefully plan the budget and seek an extra budget in case of problems. Other outside considerations (COVID-19) 452During the projectMitigation: moving the project to be completed entirely online. 8.RESOURCES This project necessitates space and design to fit the current world. Google Forms were used for questionnaire design and data collection, while Google Sheets assisted the researcher with Gantt Charts. Furthermore, XMind aids the researcher in creating the Work Breakdown Structure and the Cost Breakdown Structure. Google Docs and Google Sheets were heavily used to collect all of the information and records and expand the Timeline, Communication Plan, and Risk Management Plan. Human resources are the most important, but they are no longer the least important. Participants in the survey, including the Human Resource Department, the Marketing Department, the Project Team, the Finance Team, and the Project Manager, were critical to success.
9 |P a g e WORKPLACE TRANSFORMATION PRACTICE IN HIGHLANDS COFFEE Highlands takes a unique position in the market when compared to its competitors. Instead of having a varied menu, this brand expanded by emphasizing coverage. Highlands Coffee leads the market with 233 outlets countrywide as of the end of November 2018, more than 100 more than the second-ranked brand, The Coffee House. For example, Starbucks, Trung Nguyen Legend, Phuc Long, and Cong Coffee have 40-60 shops. As a result, the takeaway model is adhering to the company's positioning strategy, being present in strategic places, creeping across retail malls and significant buildings (Diendandoanhnghiep.vn, n.d.). When the coffee shop market in Vietnam is booming like mushrooms after the rain, this move by Highlands can be seen as an attempt to emphasize the difference of the brand - Vietnamese coffee, for Vietnamese people. Vietnamese people like "sidewalk iced tea." They like nice things that are "easy to sit on and walk." Highlands' close and popular takeaway model can be seen as another way of exploiting this very "Vietnamese" mentality. Besides, when deciding to "go down the street." Highlands Coffee is a luxury drink chain and is often located in beautiful, convenient locations, but Highlands Coffee was suddenly "down the street." The "point of sale" for Highlands is a truck. Highlands has created a welcoming environment where each resident may enjoy the perfect cup of coffee. Many people with little income and little need to attend a store are quickly made to feel guilty and terrified when they approach a store with a lovely ambiance. However, because the takeout model is more easily accessible and the price is lower than in the shop, these clients may still experience the company's service and quality, confirming that the brand was born and raised in Vietnam for Vietnamese (Diendandoanhnghiep.vn). VALUE AND BENEFITS OF WORKPLACE TRANSFORMATION IN CREATING COMPETITIVE ADVANTAGES •Modern and fresh The coffee truck is decorated with eye-catching and humorous decorations, constantly being developed with new forms; this is like a new breeze blowing into the brand name, which traditional stores rarely have. Employees are adaptable and have several opportunities to contact consumers, quickly identifying possible requirements and tastes. •Profit The takeaway cafe model has grown in popularity, particularly in large cities. With a modest area, affordable investment expenses, and a solid business, it can swiftly recover funds in a short period of time.
10 |P a g e •Convenience for customers Many consumers want a morning coffee but do not have time to travel to a typical store to wait for their order, and sending and picking up a car often makes them fearful due to time constraints. time. Pulling over to the side of the road and hastily purchasing a takeaway coffee is the appropriate answer in that circumstance. •Vietnamese style Obviously, Vietnamese people enjoy "sidewalk iced tea," as well as items that are "easy to sit on and easy to walk." Starbucks' nearby and popular takeout business might be another way to capitalize on this same "Vietnamese" attitude. Many people with little income and little need to attend a store are quickly made to feel guilty and terrified when they approach a store with a lovely ambiance. These clients, however, may still enjoy the company's service and quality thanks to an easy-to-access takeout model and lower rates than in shops. •Suitable for the current complex context Coffee trucks are designed to be adaptable. During the epidemic, they soon became an alternative for consumers who couldn't drink indoors and craved something different from their usual takeout options. As a result, a new customer base has been added to an existing cadre of devoted followers. In a real sense, coffee trucks are vehicles for equality in the post-pandemic world. CONCLUSION In conclusion, this study emphasizes the significance and urgency of workplace change in the face of the COVID 19 pandemic threat. CBS, risk management methods, communication plans, and other tools built the program. At the same time, Starbucks made a swift modification to the order, converting the inadequacies of making the conversion into a benefit. This project is progressing well and will continue to move nicely. The following report contains all of the other outcomes.
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13 |P a g e PROJECT LOGBOOK_ WEEK 1 Name: Tran Thi Gia Khanh Project title: Making a coffee truck with the holiday theme to adapt to the COVID-19 pandemic Date: 22/01/2022 Update on weekly research/tasks achieved Points to consider: •I've finished deciding on a topic for the research. •I completed the Project Proposal Form and received comments from the tutor. •The work criteria have been entirely met, and the project is staying on schedule. •For the time being, no modifications are required because everything is proceeding according to plan in terms of timelines and management. Any risks and/or issues identified? Points to consider: •Because this is my first project, it is sometimes difficult for me to comprehend some models and definitions, and it may take some time to become used to working with these. •There are no further dangers that have been found as of yet. Problems encountered Points to consider: •Problems locating the correct subject and gathering data to determine whether the topic is appropriate New ideas and change of project direction Points to consider: •New concepts have been picked, which has changed the project's course.
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14 |P a g e •However, the shift in topic has enabled me to see a clearer path for my project, and I now know where to begin. What have you learned about yourself through your work? Points to consider: •The project has helped me analyse which way to start when we find the topic. •I also find myself more active and motivated as I find the subject that I'm interested in. •I am so happy and proud that I now have knowledge and skills to do a proper project. •However, in order to do other chores alongside the project, I need to become more focused and better manage my time. Next steps for your work Points to consider: •I have allotted enough time for completion. Project plan status to date Points to consider: •Yes, I believe I am still on schedule to finish my work on time. •I also believe that all of my work to date has adhered to the Learning Outcomes. Tutor Feedback
15 |P a g e PROJECT LOGBOOK_ WEEK 2 Name: Tran Thi Gia Khanh Project title: Making a coffee truck with the holiday theme to adapt to the COVID-19 pandemic Date: 21/01/2022 Update on weekly research/tasks achieved Points to consider: •So far, everything is still on track and within the deadline set •No changes to the project plan are needed yet Any risks and/or issues identified? Points to consider: •Because this is my first time using a Gantt Chart, I find myself lacking incompetence at first, and it may take some time to become used to it. •The COViD-19 crisis is still ongoing, and it poses a risk to the project's success. Problems encountered Points to consider: •I have trouble coming up with appropriate objectives and matching them to deliverables. New ideas and change of project direction Points to consider: •The move has shifted the project's focus slightly. Changing the scope, on the other hand, will provide me additional information about the issue to seek for and will make the project's direction appear clearer. What have you learned about yourself through your work? Points to consider:
16 |P a g e •I've learnt a plethora of new abilities and tools in order to complete a project. Sometimes the change in topic makes me want to give up since I have to start all over again. •I'm still trying to give my all to this project, and I'll do my best not to make any mistakes in the next phases. Next steps for your work Points to consider: •Finish up the questionnaire and the form •Finish the assignment Project plan status to date Points to consider: •Yes, I believe I am still on schedule to finish my work on time. •I also believe that all of my work to date has adhered to the Learning Outcomes. Tutor Feedback
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17 |P a g e GANTT CHART REFERENCES Project Business Technology Resources. (n.d.).What is a Cost Breakdown Structure?[online] Available at: https://www.adeaca.com/blog/faq-items/what-is-a-cost-breakdown- structure/#:~:text=A%20Cost%20Breakdown%20Structure%20(CBS. ProjectManager.com. (2021).What Are Milestones in Project Management?[online] Available at: https://www.projectmanager.com/blog/milestones-project- management#:~:text=A%20milestone%20schedule%2C%20or%20milestone. Asana (2021).How to Write an Effective Communication Plan • Asana. [online] Asana. Available at: https://asana.com/resources/communication-plan. Kenton, W. (2020).Risk Management. [online] Investopedia. Available at: https://www.investopedia.com/terms/r/riskmanagement.asp. Diendandoanhnghiep.vn (n.d.).Mô hình Take Away và nước đi mới của Highlands Coffee | Doanh nghiệp. [online] https://diendandoanhnghiep.vn/. Available at: https://diendandoanhnghiep.vn/mo- hinh-take-away-va-nuoc-di-moi-cua-highlands-coffee-182852.html.