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Managing a Successful Business Project - Oak Cash and Carry Assignment

   

Added on  2020-12-30

27 Pages5939 Words259 Views
Managing a successfulbusiness project

Table of ContentsINTRODUCTION...........................................................................................................................2TASK 1............................................................................................................................................2P1 Analysis of project aims and objectives ...........................................................................2P2: Project management plan with cost aspects, scope, time, quality and communication risk.3P3 Production of work breakdown structure and Gantt chart................................................5TASK 2............................................................................................................................................8P4 Carrying of small scale research through application of qualitative and quantitativetechniques...............................................................................................................................8P5 Analysis research and data using appropriate tools and techniques................................10TASK 6..........................................................................................................................................20P6 Communication of recommendations to draw valid conclusions ..................................20TASK 4..........................................................................................................................................20P7) Reflect on the value of undertaking the research to meet stated objectives and ownlearning and performance in this research............................................................................20CONCLSION.................................................................................................................................21REFERENCES..............................................................................................................................22APPENDIX ...................................................................................................................................241

INTRODUCTIONDigital technology has unlocked doors of endless opportunities for a businessorganisation. It is useful for the organisation to easily attract large number of customers and gaincompetitive advantages (The Impact Of Mobile Technology on Small Business, 2018). Majorityof companies irrespective of their size and nature are opting for digitalization to achieve growth,profits and giving distinctive feature to their products and services. The overhaul of business andreinvention of its operations, products and services greatly impacted by advent of social, mobileand bid data analytics (Hillson, 2017). The report is based on Oak Cash and Carry is a UK basedretail company established in 2000. It offers a variety of products comprising groceries andgeneral merchandises in bulk to retailers, caters and other local businesses. The report willdiscuss aims and objectives in context to implementation of digitalization through mobiletechnology. The project will provide a extensive research about the probable impact ofintroducing mobile technology with necessary recommendation for its effective implementation. TASK 1P1 Analysis of project aims and objectives Mobile technology is refer as an effective technology that is followed in cellularcommunication and many other related aspects. This is because digitalization helps firm to bemore attentive towards changing corporate values, customize products and responses withcustomers on a personal level and most significantly to streamline and automate all its operations(Technology Is Changing Business, 2018). Oak cash and carry realizing importance of keepingpace with new technological advancements and innovations is to adopt mobile technology in itsbusiness process that is expected to enhance firm's productivity and to produce better informedemployees (Nicholas and Steyn, 2017). The integration of mobile devices including smartphones, laptops, PDA's etc. with various software makes it easier for firm to communicate withits staff, customers and vendors. Background of Project: The report is based on impact of digital technology in supportingsmall business growth and innovation. Oak Cash and Carry is a small scale retail organizationbased in UK. With emerging popularity and adoption of digitalization by various marketcompetitors, Oak Cash and Carry is also thinking to introduce mobile technology in its businessoperations so as to attain sustainability and growth. The IT managers of organisation in particularhave suggested to implement Application Program Interface that will enable various software2

and applications to effectively get connected and interact with its employees, customers andother stakeholders. Further, it will also help firm to attain efficient use of staff time, improve itscustomer service and to reach large target audience in cost and time effective manner. Topic: “The impact of digital technology supporting small business growth and innovation”.Aim: “ To identify the influence of digital technology, specially mobile application on businesssuccess and innovation”. A case study of Oak Cash and Carry Limited. Objectives: To ascertain the need for adopting digitalization by Oak Cash and Carry in its businessand operations. To examine probable positive or negative effect of mobile technology on profitability andgrowth of Oak Cash and Carry.To determine presumptive impact of adopting mobile technology on firm's growthprospects.Research QuestionWhat is the major reason for adopting digitalization in a business by an organisation?Would are the positive or negative effects of mobile technology on growth and profitaspects of Oak Cash and Carry?What are the probable affect of mobile technology on company and its future growthprospects?P2: Project management plan with cost aspects, scope, time, quality and communication riskProject management plan is the most crucial tool through which a project could be donein an adequate manner. However, this is rightly observed that before making any project plan,there must be an appropriate planning so that the success of this can be assured (Jeston, 2014).Apart from planning, Oak Cash and Carry must form strategy in order to execute and handleproject and processes which are linked to the knowledge areas of scope, schedule, cost, quality,human resources, communications, risk and procurement etc. At the time of incorporating plan,this must be known about the time under which all the activities related to the project couldcomprise.A sound project management plan comprises all the costs, scope, time, quality,communication, risk and resources. The project manager is accountable to detect baseline for3

scope, schedule and cost budget. Although, this would not finish to the detection of baseline butalso, measure project performance against the baseline they set out.A Project Management Plan would comprise traditionally three constraints- Cost, Scopeand Time. These normally called as the “Triple constraint” each constraints form vertices, alongwith quality as the centre theme: Project Must be done within cost.Project must be completed on time schedule.Project must achieve the set scope.This must likewise achieve customer quality needs.Scope: The use of APIs techniques in mobile technology will wider down scope of OakCash and Carry and enable firm to achieve efficacy in its various business operations frommarketing to human resource and strategic planning to accounts. According to statics, there areabout 222.9 million smartphones users who are using mobile technology fotor operate variousonline apps in order to buy products and services (Crane and Matten, 2016). Also, recently manyrenowned and big social apps like Snapchat, Facebook etc. have recently launched an API thatwill assist company to advertise its goods and services.Cost: This reflects the finite budget as consumer is ready to spend a fixed amount ofmoney for delivering of an advanced product or service. If production manager limits the productcost, then this would limit its scope or enhance its time. Hereunder, the total forecasted budget isexplained:Total forecasted budgetParticular 2017-18(£)Implementing technology cost25000Promotional expense10000Advertisement expense5000Catalogues 25004

Training charges9500Total cost52000Time: This factor is related with the approx time that project takes for implementingmobile technology in business operations of Oak Cash and Carry. In addition to this, it alsoascertain the probable pay back period for project. Oak Cash and Carry to compute the estimatedtime period for installation of new technology that could make use of critical path method. Theproject for implementing mobile technology in Oak Cash and Carry will take approx 5 weeks toget completed. Communication: It is another part of the project management plan which is essential increating collaboration among the workforce. In order to complete project successfully,communication plays important role in providing accurate and relevant information to theemployees about specific topic. Along with this, project manager is concern regarding propercommunication channel to allot roles and duties to the workers. Resource: It is refer another essential aspect of project management plan, it is needed bythe project manager to complete each and every activity of project systematically. Oak Cash andCarry is concerned with maintaining proper flow of certain resources namely human resource,capital, knowledgeable workforce and so on. In order to implement mobile application inorganisation, business manager is required appropriate amount of fund and knowledgeableemployees. P3 Production of work breakdown structure and Gantt chartWork Break Down Structure: It is a technique that involves disintegration of work intoseveral small chunks in form of phases, deliverables and work packages which helps managersof Oak Cash and Carry to efficiently handle their project and tasks that are been delegated toworkers (Polonsky and Waller, 2014). More precisely, it is a pictorial description of scope,project arrangements and various activities associated with a project. It will further enable5

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