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Business Management Assignment - TESCO

   

Added on  2021-02-21

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BUSINESSMANAGEMENT
Business Management Assignment - TESCO_1

Table of ContentsINTRODUCTION...........................................................................................................................3Project.....................................................................................................................................3Key stages of Project Management / Project Life Cycle........................................................3Usage and execution of tools in project management procedure...........................................4Project Stakeholders...............................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONProject management can be referred to as the procedure involving initiation, planning,implementation, controls and closure of operations associated with the project to ensure theattainment of related goals as well as objectives (Premji, 2018). The description of informationregarding a project is specifically devised in documented form prepared at the time of start ofproject development process. The following assignment is based upon TESCO which is carryingout expansion at international scale. The report consists of usage of project management processfor businesses.ProjectAs per the 3rd edition of PMBOK (Project Management Body of Knowledge), a projectcan be referred to as the transient endeavour that have a starting as well as ending point and isintended to develop unique service, product or outcome. The activities executed as a part of anyproject have a definite purpose. In this regard, the present project is conducted upon theexpansion of TESCO at international scale.Key stages of Project Management / Project Life CycleA project is divided into different parts and this is referred to as Project Life Cycle. Eachpart has its own relevance as well as criteria to achieve desired outcomes (Schwalbe, 2018). Thisis also taken into use by TESCO while carrying out the expansion project. Initiation Phase: It is the initial phase where feedback of customers is analysed and thenbrainstorming is done further for modification and develop a fresh product according to the needand wants of customers. In this regard, TESCO is intending to expand into new countries atinternational scale for which it will take feedback from customers via social media by informingthem about the locations and gaining facilitation as well as support from them.Project definition phase: It is second phase in project where customers define theirproblems and company provide the value solution and method to resolve their quarries in bestpossible way (Schwalbe, 2018). In this relation, TESCO is also striving to carry out expansion atglobal scale in order to enhance its reach and cater to the needs and demands of people belongingto the new market places.Feasibility study: In this life cycle stage, planning and execution parts have beeninitiated and milestones have been set for future project. Hereby, TESCO will undertake a test to
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