Managing a Successful Business Project
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Added on 2020-11-23
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Managing a Successful Business Project INTRODUCTION 1 TASK 11 P1 Aim and objectives 1 P2 Project management plan which covers cost, scope, time, quality, communication, risk and resources 2 P3 Work breakdown structure and Gantt chart 3 M1 Milestone schedule and project schedule6 D1 Project management process 6 TASK 26 P4 Small scale research with qualitative and quantitative research methods 6 M2 Accuracy and reliability of different research methods 8 TASK 38 P5 Research and data with using appropriate tools
Managing a Successful Business Project
Added on 2020-11-23
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Managing a SuccessfulBusiness Project
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Aim and objectives................................................................................................................1P2 Project management plan which covers cost, scope, time, quality, communication, risk andresources......................................................................................................................................2P3 Work breakdown structure and Gantt chart...........................................................................3M1 Milestone schedule and project schedule.............................................................................6D1 Project management process.................................................................................................6TASK 2............................................................................................................................................6P4 Small scale research with qualitative and quantitative research methods.............................6M2 Accuracy and reliability of different research methods........................................................8TASK 3............................................................................................................................................8P5 Research and data with using appropriate tools and techniques............................................8P6 Appropriate recommendations from data analysis and draw meaningful...........................16M3 Tools and techniques for accuracy and authenticity that support to justifyrecommendations......................................................................................................................17TASK 4..........................................................................................................................................17P7 Reflect on the value of undertaking research and meet stated objectives with own learningand performance........................................................................................................................17M4 Value of the project management process and use of quality research..............................17D2 Critically evaluate and reflect project management outcomes with decision-makingprocess and changes..................................................................................................................17REFERENCES..............................................................................................................................19
Illustration IndexIllustration 1: Gantt chart.................................................................................................................4Illustration 2: Network plan.............................................................................................................5Illustration 3: Work break down structure.......................................................................................5
Topic: The impact of digital technology in supporting small business growth and innovation atM&S.INTRODUCTIONDigital technology defines as implementation of advance tools and techniques whichincrease positive results with certain measurement and business development. With this regard,in the enterprise tangible and intangible benefits assists to produce positive results as percustomer demand. Technological infrastructure also creates impact on culture, efficiency andrelationship maintenance (Srivastava, 2017). Present study based on Marks and Spencer, which deals in retail sector operations in UK.They consist operations in food, fashion, etc. to develop more significant advantages in differentareas of the world. In addition to, this firm also assists to deal with commercial and consumerlandscape that changes continuously with available devices (Digital technology implementation,2018). Present study conducts to implement digital technology in retail sector businesses. As aresult, functions and operations regularly increases in selected enterprise to gain competitiveoutcomes as per market trends. Along with this, report also contains project management planwith different tools and techniques that are applied in the present research. Moreover, it includessmall scale research with primary and secondary data to draw meaningful results. TASK 1P1 Aim and objectivesBackgroundIn the business, digital technology helps to increase effectiveness by using different toolsand techniques to gain significant advantages. This is because, it assists to understand about cashflow needs and preserve accurate resources with time and physical space. In Marks and Spencer,effective and advanced technology is implemented that increase productivity and profitability. Itcreates team dynamics in the enterprise because employees exist in different location to createbetter interactions (Petković, Pindžo and Agić-Molnar, 2018). In the modern time, security mustbe maintained by using digital technology to take appropriate decisions and gain desired results.Consequently, it assists to focus on gathering appropriate information to build competitive1
advantages. Technological capacity also helps to conduct research and increase competitiveresults at workplace.RationaleIn competitive environment, there are innovations and creativity continuously increasingwhich helps to expand business operations in new areas. As a result, every enterprise copes upwith advanced tools and techniques that assists to meet desired results (Technologyimplementation, 2018). In business model, digital connections develop successfully withsystems, people, etc. In the market, customer demand changes as per latest trends so that presentresearch conducted to implement digital technology to increase results as per latest trends anddemand. As a result, advance tools helps to gain appropriate results in business development tocontinuously build effective functioning Moreover, in order to gain significant advantages retailsector continuously grow (Katz, Koutroumpis and Martin Callorda, 2014). Along with this, italso helps to grow operations to maintain effectiveness as per market trends and demands. Aim and objectivesAim: To identify impact of digital technology to support small business growth and innovationin retail industry – A Case Study on Marks and Spencer. ObjectivesTo understand the concept of digital technology towards retail industry.To identify factors of digital technology to support small business growth and innovationin Marks and Spencer.To explore interrelationship between digital technology and small business growth andinnovation in the chosen business.To recommend ways through digital technological tools can be implemented successfullyin Marks and Spencer.Research questionWhat do you understand by the concept of digital technology concerned to retailindustry?What are the factors of digital technology to support small business growth andinnovation in Marks and Spencer?2
How to explore interrelationship between digital technology and small business growthand innovation in the chosen business?P2 Project management plan which covers cost, scope, time, quality, communication, risk andresourcesIn the project management plan, there are several elements included which assists todevelop more creativity and effectiveness. They are as follows:Cost: In order to conduct present study, researcher requires certain amount through whichappropriate functioning can be built successfully. They require around £580 to makeappropriate project management plan. It also assists to regulate systematic work withdigital technology implementation (Vendrell-Herrero, Parry and Sanchez-Montesinos,2018). Scope: With this regard, retail sector can easily promote operations to attain competitiveadvantages as per latest market trends. Furthermore, it also contains appropriate researchstudy which helps to increase other studies related with digital technology.Time: In the present research, total 35 days are required to find appropriate and validconclusions (Niehm, Hurst and Tan, 2015). Quality: Data and information must be qualitative so that reliability can be maintained. Inother words, all information must be kept with accuracy and authenticity so that itdevelops appropriate functioning at workplace. Communication: Furthermore, investigator and respondents requires appropriatecommunication so that desired results can be achieved. This is because, transparentcommunication helps to share ideas and opinions in a positive perspective (Caro andMartínez-de-Albéniz, 2015). Risk: Due to limited time and money, researcher has risk to implement valid andappropriate conclusion. As a result, researcher need to select options to reduce thisproblem to collect appropriate data and information. Resources: With this regard, researcher requires tools and techniques to implement validoutcomes in appropriate manner. Hence, technical, physical and financial resources mustbe required to operate functioning in whole study (Thaivalappil and et.al., 2018). 3
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