Using Blockchain Technology in Hospitality Industry: A Project Plan for Hilton Hotel, London
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This report provides a project plan for Hilton Hotel, London to use blockchain technology in the hospitality industry. It includes aims, objectives, target, ways of managing, monitoring and evaluating stages of project life-cycle, meeting project deadlines, and benefits of setting aims and objectives.
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Work based learning (Assessment- 1)
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Table of Contents INTRODUCTION...........................................................................................................................1 Main Body.......................................................................................................................................1 Undertake and document a skills audit and from this produce a personal development plan....1 Produce a short report that reflects on your progress in planning for and undertaking the work role in the.....................................................................................................................................4 context of any business organisation..........................................................................................4 Produce a short report that identifies the skills and knowledge you require for the work role..4 Evaluate and document your learning and progress with reflective logs and journals...............5 Include a short report for your planning for a future career role................................................7 CONCLUSION................................................................................................................................7 INTRODUCTION...........................................................................................................................9 Planned and initiated the project. Setting targets, aims and objectives for your project...........9 Planned and initiated the project. Setting targets, aims and objectives for your project.........10 Project Life-cycle.....................................................................................................................12 How at project completion you met the deadlines and achieved the benefits of, stage of aims and objectives for your project..................................................................................................14 In your conclusion, reflect upon and evaluate your experience and learning at theworkplace and linked and applied theory (including use of SWOT, PESTLE, Porters 5 Forces as appropriate.................................................................................................................................14 CONCLUSION..............................................................................................................................17 REFRENCES.................................................................................................................................18 Books and journals....................................................................................................................18
INTRODUCTION Learning is important part of the workplace as this helps an individual top grow professionally and personally and this form of learning is basically referred as the work-based learning(Luo,He and Yong, 2020).The work- based learning is the effective technique by which an individual is able to gain experience of working and consecutively develop its employability and academic skills. The present report is based on the Hiton hotel- a 5 star hotel based in London. The hotel is highly known for its exclusive services of accommodation, food and beverages and other customer services. For the report the employment role is project manager that has responsibility of managing the new and existing development and improvement projects of the hotel. The report is the reflection of the skills for which skill audit and PDP is highlighted in report. Report will also highlight the skills and knowledge required for the job role of project manager. Main Body Undertake and document a skills audit and from this produce a personal development plan Skill Audit The skill audit is the effective framework to recognise what skills a individual possess and at what level of expertise. This will give me an opportunity to identify the new methods or approach to improve and enhance areas of the weaknesses. In the workplace the skill audit will help me to develop the skill base that will help in improving my existing skills and more easily I will be able to meet my daily work and career goals. This is also beneficial for an employer in arranging the employee training and development session and also through this I will feel more confident, engaged and productive workforce(Sung and Hwang, 2018). The skill audit of my skills is highlighted underneath: Skills12345 Communication skills * Numeracy skills* Management* 1
skills Time management skills * Leadership skills* Presentation skills * Criticalthinking skills * Organisational skills * Personal Development Plan Skills to be developed Current proficiency Target proficiency Success criteria to be judged Time period Presentation skills Currentlymy presentation skills are highly poor as in my skill audit the rating for this skill is1 which clearly define my incapabilities towards developingthe digital presentationand also exhibiting it amongthe Presentation skills arehighly importantat workplace and are requiredtobe improvedto certainlevel.I havetargetto improvemy presentation skills at moderate level such asskillsto prepare the basic presentation using Myteamleader willassessmy skills and provide memonthly feedback regardingmy drawbacksand improvement. 2 years 2
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audience.pictures and texts. Numeracy skillsCurrentlymy numeracyskills are also inept as it iscompletely visible in my skill auditthatmy scoreof numeracy skills is 2. I am not well awareaboutthe knowledgeand skillsrelatedto numbersandits calculations. Knowledgeand skillsofthe number is useful inworkplace. Therefore I have target to become perfectinmy numeracyskills andbecome competentin preparingthe budgetand managingthe financesofthe workplace. Tojudgemy performanceI havejoinedthe classesto improve the skills and my tutor will assess my skills. 1 year Critical thinking skills Mycritical thinking skills are moderateatthe current time. As I am able to solve somebasic problem and think critically for there solutionbut during urgency I amnotableto thinking critically andexecutethe plans effectively. Ihavetargetto acquirethe outstanding criticalthinking skills,sothatI canbepartof important discussionsat workplaceand also by this I can solvethe problemsat workplace easily. I will self assess mycritical thinkingskills. When I will able tobecomethe part of discussion teamandalsoI willbeableto reachmy problems confidently. 6 months 3
Produce a short report that reflects on your progress in planning for and undertaking the work role in the context of any business organisation. In order to become Project manager at the Hilton hotel I will be requiring certain skills and knowledge that will make me enough capable and competent to get selected at that position. I am working really hard in order to progress for undertaking the role of the project manager at my desired workplace that is Hilton Hotel. For a project manager role management skills are the primary and most essential skills. In order to develop outstanding management skills I am cultivating self – awareness so that in can observe my surrounding and organise the resources effectively for the better management(Clarke, 2018). I also involve myself in the meeting with other managers in order to learn from my peers. I am also becoming good communicator and listener as for the management of the project both are highly essential. Secondly to undertake the role of project manager at Hilton I am also growing and learning the knowledge about the hospitality industry and their market trends because in order to enhance the existing projects and to develop and install new project in the organisation a deep insight of the hospitality industry is must. Therefore, on the very daily basis I read and enhance my knowledge about the current hospitality industry. I am also working on my presentation skills as for a project manager to present a new idea of project presentation is compulsory. Therefore I am taking classes of developing presentation skills and also practice daily by developing some presentations. Thus, to undertake the role of Project manager I working really hard on my other secondary skills such as time management skills, customer service knowledge, technology skills, leadership etc. so that I can give my best at the hotel and can became competent among my co- workers. Produce a short report that identifies the skills and knowledge you require for the work role. In an organisation like Hilton hotel, there is requirement of some essential skills as the project manager. A project manager is person that has role of handling, organising and controlling the on- going, future and existing projects of the company. The project manager of the Hilton hotel has to review the resources, supplies of the project, look after the budget of the project, proposal of the project for the hotel development or improvement and to look at the 4
process of the project growth and execution. The skills and knowledge required for the project manager role are: Knowledge of market trends of hospitality industry:the in-depth knowledge of the market trends of the hospitality industry is very important for the project manager. As through this the project manager will be able to understand the needs and wants of the customers by which planning of new project will become more accurate and easy. New project are always planned to meet the market trends therefore knowledge of the market trends of hospitality industry related to food, technology, entertainment is essential. Communication skills:the communication skills are always the key skills required for the every role of the hotel(Lin, 2018). Therefore, for the project manger of the Hilton hotel effective oral and written communication skills are important in order to have proper message passing without any barriers. This skill is also useful in communicating with clients and team mates and also during the public speaking at the time of presentation. Risk management skills:for planning and execution of a new project risk is always a part and parcel and to bear this risk effectively without any failure the effective risk management skills are useful for the project manager of the Hilton hotel. This skill will provide me with confidence and capability to handle the risk associated with the projects. Time management skills:the time is asset for the Hilton hotel and wastage or ineffective time- management can become a huge problem for the hotel. For the project manager it is very important to adhere to the time in order to meet deadlines and also to protect the budget from overshooting. An for a successful project manager managing time and schedule are good signs. Evaluate and document your learning and progress with reflective logs and journals Reflective Journal QuestionsAnswers How are you linking what you learn in the project to what you already know and understand? I have learned different skills required for the project manager and how important is project manager for the company. I analysed through some of the skills of project manager I already haveandalsoIhaveunderstandingof 5
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hospitality industry. Did you try something new?Yes, for the first time I have tried developing the skill audit and PDP and understand the importance of self reflection of my own skills. Did you change your thinking as a result ofIlearnedaboutdifferentskillsthatIam required to learn or progress to undertake the role of project manager at Hilton hotel. Have you gained any new approaches / views from the way others work? Yes, I have learnt the way of working ina team, as everyone in the project work as a team andalsoIlearntaboutselfreflection techniques. What new research skills have you gained?Ihavegainedsecondaryresearchskillsin researching about the skills essential for the role of project manager and analysed that I have to develop risk management skills and time management skills. What newknowledge/ understandinghave you gained? Ihavegainedthedeepunderstandingand knowledgeofthemarkettrendsofthe hospitalityindustryand also aboutthe key roles of the project manager in the hotel. What new technological skills have you gainedI have analysed that I need to pay attention on developingmytechnologicalskillssuchas digital presentation skills, project management software skills and other ICT skills. What comes next?Now I need to work on my competencies in order to become the senior project analyst at the leading MNC. Reflective Log 6
What you are doing and learning? In the starting of the report I have done the skill audit and Personal development Plan from which I leaned about my skill gaps and the methods to improve them. In the next log I have learnt about how to progress my skills to undertake the role of project manager. I have also done the reflective journal and reflective log which is also useful to me in learning about my progress and learning growth and what I will develop in future. Include a short report for your planning for a future career role Afterlearningtheskillsrequiredfortheprojectmanagerandanalysingmyself capabilities I have decided to plan for my future career goals and roles. In future as per my current skills and current developed skills I want to undertake the future job role of senior project analyst of the desired organisation(De Freitas,2018). In order to undertake my future towards this job role I am planning to work on my research and analytical skills. As for this job role it is very important to have proficiency in these skills because for the project to be successful appropriate research is essential. Also the analytical skills will help me analysing the progress of the project and any problem or issue during the project execution. Also I am planning for the developing my risk management skills as this is important for my job role because as the senior project analyst managing the risk of the project is duty. CONCLUSION It is concluded from the above report that the skill audit and personal development plan is highly important in highlighting my key skills that are my strength and the skills that are gaps to my overall capabilities. Also the learning of the employability skills is highly important in order to justify and prove the role in the organisation. The reflective journal and log are effective form of reflective writing as they are precise and accurate t understand the learning and actions of the individual during the workplace. 7
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INTRODUCTION Hospitality firms introduce various innovative projects in order to gain competitive advantage in the industry. This report is based on the hospitality firm The Hilton, London which issophisticatedHotellocatedinHydePark,London,UK.TheHotelprovidesmodern accommodation including coffee-makers and flat screen TV. The project undertaken by the Hilton Hotel at Hyde Park is using Block chain technology(Hsu, Chang and Hung, 2018). This report provides aims, objectives and target of the project. In addition to this the ways of managing, monitoring and evaluating stages of project life-cycle are also provided in this report. Ways used for meeting project deadlines and benefits of setting aims and objectivesare also included in this report. In addition to this reflection on learning experience is provided in this report by usage of various tools such as SWOT and Porter's five forces analysis. Planned and initiated the project. Setting targets, aims and objectives for your project Project management is the process of handling and managing all activities within the new project execution of a company. In context of hospitality sector it is essential for their companies to secure the data of their customers, provide supply chain and data privacy guarantee and many others. Hence, in context of Hilton hotel, they are introducing a new project of adopting block- chain technology in their hotel for their growth. Block-chain is the technology which stores and all essential data of the customers like their personal details, their transaction history and many others. Targets of using block-chain in Hilton hotel- There are overall four targets set for having block-chain technology within the mentioned hotel and these four targets are explained below- ï‚·Secure payments- Block-chain technology help hotels to secure their payments which is made by their customers. Development of digital technology also increases the treats like hacking to analyse customers payment systems and use them for personal benefits by third party. With the help of this technology Hilton can secure the payments of their customers and store their all transactions safely. This technology unable to enter third party to misuse the payment data of customers. ï‚·Loyalty programmes- This technology also record the information about the check-in and check-outs of the customers. Hence, this technology will help Hilton to analyse their 10
loyal customers so that they will focus mainly on their loyal customers and provide them additionalbenefitsforbeingtheloyalcustomerofhotel.Suchbenefitsincludes discounts, tokens to customers which can be used anywhere and many others(Culyer and et. al., 2018). ï‚·Baggage tracking-Another important target for having Block-chain technology within Hilton is to track the baggage of customers. In hospitality industry, baggage of customers have to travel hand to hand many times which increases logistic issues. Hence, block- chain technology also helps to track the luggage of customers. Aims and objectives of Block-chain- ï‚·To protect the personal and financial information of customers-In context of Block chain technology, it insures that their customers will pay the bills with full security with this technology. Security of block-chain is consider as effective because it remove the human involvement in any transaction verification of customers. ï‚·It provide greater transparency- Without block chain, every department in the hotel have separate database for recording their data(Foley ed., 2020). This technology will help to allow assess of all departments within the hotel to enter new data in the list at the same time. It only allow permit members to use this technology to add customers data. Hence, it save time and efforts by reducing manual activities. ï‚·To gain customer trust and increases brand image-The main aim of using block chain technology is that it will store customers data safely so that customers will gain high satisfaction level. With the help of this technology, it is easier to build a good trust and relations with customers which further help the Hilton hotel to grow well in their industry. Planned and initiated the project. Setting targets, aims and objectives for your project Project management is the process of handling and managing all activities within the new project execution of a company (Silvius, 2017). In context of hospitality sector it is essential for their companies to secure the data of their customers, provide supply chain and data privacy guarantee and many others. Hence, in context of Hilton hotel, they are introducing a new project of adopting block-chain technology in their hotel for their growth. Block-chain is the technology which stores and all essential data of the customers like their personal details, their transaction history and many others. 11
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Targets of using block-chain in Hilton hotel- There are overall four targets set for having block-chain technology within the mentioned hotel and these four targets are explained below- ï‚·Secure payments- Block-chain technology help hotels to secure their payments which is made by their customers (Kizildag and et. al., 2019). Development of digital technology also increases the treats like hacking to analyse customers payment systems and use them for personal benefits by third party(Bezanilla and et. al.,2019). With the help of this technology Hilton can secure the payments of their customers and store their all transactions safely. This technology unable to enter third party to misuse the payment data of customers. ï‚·Loyalty programmes- This technology also record the information about the check-in and check-outs of the customers. Hence, this technology will help Hilton to analyse their loyal customers so that they will focus mainly on their loyal customers and provide them additionalbenefitsforbeingtheloyalcustomerofhotel.Suchbenefitsincludes discounts, tokens to customers which can be used anywhere and many others. ï‚·Baggage tracking-Another important target for having Block-chain technology within Hilton is to track the baggage of customers (Nam and et. al., 2021). In hospitality industry, baggage of customers have to travel hand to hand many times which increases logisticissues.Hence,block-chaintechnologyalsohelpstotracktheluggageof customers. Aims and objectives of Block-chain- ï‚·To protect the personal and financial information of customers-In context of Block chain technology, it insures that their customers will pay the bills with full security with this technology. Security of block-chain is consider as effective because it remove the human involvement in any transaction verification of customers. ï‚·It provide greater transparency- Without block chain, every department in the hotel have separate database for recording their data. This technology will help to allow assess of all departments within the hotel to enter new data in the list at the same time. It only allow permit members to use this technology to add customers data. Hence, it save time and efforts by reducing manual activities. 12
ï‚·To gain customer trust and increases brand image-The main aim of using block chain technology is that it will store customers data safely so that customers will gain high satisfaction level. With the help of this technology, it is easier to build a good trust and relations with customers which further help the Hilton hotel to grow well in their industry. Project Life-cycle The five sages which every project goes through are described in the project life-cycle. Usage of the project life-cycle helps helps in effective completion of project as it helps understand various activities which need to be completed during each stage of the project (Heidari, Heravi and Esmaeeli, 2020). The five stages provided in the project-life-cycle are initiation, planing, execution and closure. The project life-cycle is applied to the project of Block chain technology at the Hilton Hotelalong with the techniques which are used to manage, evaluate and monitor the Block chain technology project:ï‚·Project initiation: This is the first stage of the project life-cycle in which the reason behind project existence is figured out. The project aim, scope, key deliverables and project approach is identified in this stage. As a project manager my role in this phase of the Block chain technology project at Hilton Hotel is to clarify the vision of the project and gain approval from the senior leadership of the Hotel so that the project is started. The techniques which will be used during project initiation are developing a business case and detailed project charter. This will ensure that targets and objectives of the project are clear and will also help in enlisting and managing stakeholders of the project (Vuorinen and Martinsuo, 2019).ï‚·Project planning: This is an important stage of the project as it involves creating project schedule and plan which determines the success of the overall project. Risk management plan, communication plan, WBS, Gantt chart and team roles and responsibilities. The project planning stage determines how smoothly the project moves through the rest of the life-cycle which is the reason for high significance of the project planning stage. As a project manager I will meet with senior management of the Hotel and conduct research on the Block chain technology to understand project requirement in order to create an effective project plan. Apart from this I will also determine possible risks associated with the project and develop risk mitigation plans. The techniques used in this stage of the 13
project life-cycle to ensure effective management and monitoring of the project are building a quality plan which aids in monitoring quality of the project by outlining standards, acceptance criteria and project metrics. This will help manage and monitor quality of the project to gain desired outcome at the Hilton, London.ï‚·Project execution: This stage involves carrying out the details of the project plan in order to provide the stakeholders deliverables of the project according to the pre-determined deadline (Zheng and et. al., 2020). The three main elements of project execution are following procedures, managing people and distribution information. In addition to this project monitoring techniques are also used in this stage to ensure that the project is continuing smoothly. My role as project manager in this stage of the Block chain technology project is to assign clear responsibilities to team members, explaining rational of the project to team members toincrease their motivation and implementing course corrective action upon experiencing a setback. The techniques used to monitor and manage the Block chain technology project at Hilton are gathering regular project status update, revising project schedule and communication plan and managing and tracking decisions This will help determine various risks and challenges during during project execution and manage various project activities to minimize such risks and gain desired results. ï‚·Project closure: This is the last stage of the project life-cycle in which the final deliverables are transferred to relevant stakeholders and the documentation is signed off, approved and achieved (Azizi and Haass,2018). Apart from this, another element of project closure stage is to asses and review success of the project so that projects is the future are completed successfully. At my role as project manager at Hilton, London is to formallytransferalldeliverables,confirmprojectcompletion,releasesourcesand conduct post-implementation review of the project. The project evaluating techniques I will be using in this stage of the project are metric for using block chain technology progress at Hilton Hotel improvement in data management, data breaches prevented, improved payments and elimination of overpricing invoices. 14
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How at project completion you met the deadlines and achieved the benefits of, stage of aims and objectives for your project. Project is highly time sensitive and therefore meeting the deadline of the project was highly important for my project to be successful(Clarke,2018). By using my scheduling and time management skills I was able to meet my deadlines of the project. If I was not able to meet the deadline of the project timely than it could have failed my performance as a project project supervisor and manager and also this would decrease the value of the project. Apart from all this if the project deadlines are not meet then the budget would be overshoot. Thus, to met the deadlines of the block-chain technology project I have utilized the two skills and strategies that are discussed below: Scheduling skills and technique:With the help of this skills I have divided my different tasks if the project into the different small tasks for the ease and easy coordination. Through this technique and skills I have developed a network diagram that clarifies the different roles and responsibilities of the members involved in this project(Shaffer, 2020). I have also set the duration compression that made me analyse the time that has passed and the time that is remaining. Time management skills:The time management skills areare highly useful for the project as this helps me to stay focused towards my goals of the project and to meet the time limits. This also helped during my planning stage as because of the time management skills I was able to take quick decisions and also build the proper system and schedule to meet the task requirements on the time specified(Burns, 2020). Benefits of the stages of aims and objectives These two stages are helpful in keeping the project members align towards there goals and objectives. Also this help me as an project manager to keep the members actions and efforts aligned towards the aims and target. In your conclusion, reflect upon and evaluate your experience and learning at the workplace and linked and appliedtheory (including use of SWOT, PESTLE, Porters5 Forcesas appropriate SWOT Analysis Strengths:as the project supervisor of the block chain technology project I have analysed that during the whole project my communication skills where the key strength. As I was able to 15
communicate effectively with the clients and team members of the project due to which there was clarity of roles and responsibilities between the project members. This skill also helped my projectto remainintrackasthere wasno miscommunication.Thiswasalso useful in maintaining the harmony between the project team members(Lewis, Chen and Relan, 2018). Weaknesses:the weakness that I observed during the whole block – chain project was the lack of knowledge of technology of the block – chain. This weakness was very bad for the project as due to this the planning of the project was very difficult and also the time to understand the project advantages was consuming.The lack of technical knowledge is major drawback for me during the project supervision and monitoring stage. Opportunities:the major opportunity of this project to me was that I learned about the benefits of the block – chain technology to the Hilton hotel and its management. Also the project provides the major opportunity to the hotel in securing there payment systems and improving there supply chain. This project has helped to enhance my overall management skills because to manage the whole project at the different stages of project life cycle. Threats:the threat of this project to my skills is that I will more restricted to one selective criteria and won't be able to innovate in the same project. Also the failure of the project has huge threat to my capabilities and to the finances and investment of the hotel into the project. Porter's five force Analysis Bargaining power of suppliers:the block – chain technology project has a high bargaining power of the suppliers. Because the major resource required for the project is the block – chain technology and suppliers of the this technology are limited an rare which increase their power of bargaining. Due to this company has to pay whatever the suppliers demand. This factor is unfavourable for the Hilton hotel as the high bargaining power of suppliers increases the investment and cost of the project(Lu and et. al., 2019). Bargaining power of buyers:the project has very low bargaining power of buyers. As the buyer of the project is the Hilton hotel itself and in future there are possibilities that nay other hospitality organisation may buy this project from the Hilton. But as the technology and project is unique and rare this decrease the buying power if the buyer. Competitive Rivalry:the competitive Rivalry is always the part and parcel for the project as the project is to bring prosperity and productivity in the organisation. There are many other 16
hospitality organisation that are adapting this technology in there organisation. Therefore, there is high competitive rivalry for this project of the Hilton Hotel. Threat of New entrants:there is high threat of new entrants in the hospitality industry of the UK and for this specific project there is huge threat of new entrants as with the growing digitalization there is high risk of data theft and stealing. In order to protect this the different organisation will try to enter with this project. Threat of substitutes:the block chain technology project is one of the unique project in itself and does-not have any substitutes. This factor has made the threat of substitute low for the project because there is not such other technology that can beat the attributes of the this project (Scott, 2020). 17
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CONCLUSION From the above report it is determined that completing a project in hospitality firms requires involves completing various activities. Setting aims objectives and targets of the project is the initial activity which helps understand the reason for existence of the project,. The project life-cycle includes four stages and plays an important role in successful completion of the project. The fours stage of the project life-cycle are imitation, planning, execution and closure. Different management, monitoring and evaluation techniques are used throughout the project life-cycle to ensure successful outcomes are gained from the project. Setting aims and objectives is highly beneficial as it sets the direction of the project. In addition to this SWOT analysis and Porter's five forces analysis are useful tools which help reflect on learning experience gained from the workplace. 18
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