Managing a Successful Business Project

This project aims to explore the impact of technology on business operations and activities, with a focus on Tesco company.

Managing a Successful Business Project
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Contents
Introduction.........................................................................................................................................3
Part 1....................................................................................................................................................4
P1Devise clear aims and objectives for your project.....................................................................4
P2 Produce a project management plan incorporating: costs, scope, time, quality,
communication, risk and resources................................................................................................6
P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and stages
for completion..................................................................................................................................8
M1 Produce a comprehensive project management plan with clearly planned milestones and
a schedule for monitoring and completing the aims and objectives of the project...................11
Part 2..................................................................................................................................................12
P4 Carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives..................................................................12
M2 Evaluate the accuracy and reliability of the different research methods you have applied
to your project................................................................................................................................16
D1 Critically evaluate the project management process and the research methods used........17
Part 3..................................................................................................................................................18
P5 Analyse your research and data using appropriate tools and techniques............................18
P6 Communicate appropriate recommendations as a result of research and data analysis to
draw valid and meaningful conclusions.......................................................................................24
P7 Reflect on the value of undertaking the research to meet stated objectives and own
learning and performance.............................................................................................................25
M3 Evaluate your selection of appropriate tools and techniques for accuracy and authenticity
to support and justify recommendations.....................................................................................26
M4 Evaluate the value of the project management process and use of qualitative research to
meet stated objectives and support own learning and performance..........................................27
D2 Critically evaluate and reflect on the project outcomes, the decision-making process and
changes or developments of the initial project management plan to support justification of
recommendations and learning during the project.....................................................................28
Conclusion..........................................................................................................................................29
References..........................................................................................................................................30
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Introduction
At the present time to run a business has become very difficult and tough, it is essential for
the organization to use the best technique so that the operations and activities can be done
appropriately. The essential of managing the organisations and its operation and very
necessary. With the help of effective management tool, the company will be able to carry out
its function in the desired way. Technology is playing a vital part in the market as many of
the operations and activities of the company is performed with the help of latest and
emerging technologies (Laudon and Laudon, 2015). Tesco company is one of the largest
retail organisation in the Uk market which is performing extremely well. The study will be
concerned about the impact of technology on the operations of Tesco organisation. Along
with that all that way the company will gather the resources to understand the effectiveness of
technology will be discussed here.
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Part 1
P1Devise clear aims and objectives for your project.
Topic: How digital technology has transformed business activities, e.g. operations,
marketing, accounting, and HR.
Background
Technology is the element which is getting advanced in the market at the recent time. There
is a various organisation which is very effectively using different technologies for its
operations and activities. This is assisting the company to carry out the work smoothly and
quickly. It is essential for the company to manage its working to meet the market needs. With
the help of latest and emerging technologies, the operations and functions of a company will
get managed in the required and appropriate way.
Aim of the study
The aim of the chosen project is to determine the implications of using technology and the
transformation that gets done using technologies.
Objective
 To analyse the use of technology in the present era.
 To determine the way business activities can be transformed.
 To evaluate the relationship between technologies and business transformation.
Research question
Q1. What is the use of technology in the market?
Q2. What are the related tools and techniques through which the transformation of business
can be done?
Q3. How is the use of technology linked to the transformation of the business?
Significance of study
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The study is very helpful for the readers as well as the company. The information and data
that will get gathered from the study will be assisting in enhancing the skills and knowledge
to do market research (McCusker and Gunaydin, 2015). Along with that, the researchers with
this study will be getting the opportunity to attain several skills to handle the crucial
situations.
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P2 Produce a project management plan incorporating: costs, scope, time, quality,
communication, risk and resources.
Project management plan
Cost To manage the activities of the business,
it is essential for the Tesco organisation
to take in consideration about the cost
and the financial aspect. This will help
the company to carry out the business
activities in the required manner (Jaime,
et. al., 2016). The budget plan is a very
effective aspect of any project so that the
management of work can be done
effectively. The set budget for the project
of technology is £ 7500
Scope The project that company select must vision
for the future stability then only the project
can be able to get success and long-term
sustainability in the market. The
information and the data are being collected
by the investigators will be used in The UK
market only.
Time The time is also one of the major factors
that are to be taken in focus by the company
so that the firm can be able to manage its
work on time and in an effective way. The
time has to be set then only the worth of the
project can be attained. 4 months is the set
time for the project (Jaime, et. al., 2016).
Quality The quality of the work is very effective.
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The project will get success only when the
quality of it is very influential. There are
many issues and problems that company
faces many times due to in an effective
quality of the work. Therefore, the quality
of the work has to be managed
appropriately. This will assist the company
to attract more customers towards the use of
its services.
Communication The project has various things which have
to be shared with the stakeholders for more
effectiveness in the selected project. the
communication is the best way to sustain
and to maintain the quality of the work.
Therefore, all the minor to the major
information needs to be shared with the
related people of the project (Rokooei,
2016).
Risk Using technology is very big challenges has
the resistance of employees, training and
making the workforce work on different
technologies are quite difficult. Therefore,
the risk factor is always there which need to
be managed correctly.
Resources There is a high need for resources to make
the project and work a successful aspect of
the market. Time, cost, human resources,
technologies, land and much more are the
aspect which is required in any of the
projects. the company has to organise all
the resources for attaining effectiveness in
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the selected project (Rokooei, 2016).
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P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and
stages for completion
The project that an organisation selects to make the work more effective and reliable it is very
necessary to plan a project’s specification which will be having various information and task
which is needed to be performed to obtain project’s success (Nayak, et. al., 2012). It is
essential for the company to plan the work break down structure and Gantt chart so that the
work can be able to get performed according to the set standards and plan.
Work break down structure
It is the method which is been used by the management to organise and plan the work of the
team in more manageable manner. This is basically the hierarchical form of setting the work
and tasks so that the employees and the teammates can be able to carry out the work in proper
way. The burden of work can also be able to get reduced and managed appropriately.
Source: (Jisc, 2014)
Gantt chart
9

This is a graphical presentation of the work which is made horizontally, the lines are drawn
which shows the series of work which is to be performed in the certain time period
(Schwalbe, 2015). This is very important for the organisation to prepare as this will help in
carrying all the activities of the project in a systematic manner.
Action plan
Task /Time Start date End date Duration
Selecting the project title 4.12.2017 10.12.2017 1 week
Preparing the project’s aim
and standards
11.12.2017 17.12.2017 1 week
Performing secondary
research through literature
review
18.12.2017 31.12.2017 2 weeks
Primary research with
questionnaire survey
1.1.2018 7.1.2018 1 week
Analysis of collected
information
8.1.2018 21.1.2018 2 weeks
Stating conclusion and
suggestions
22.1.2018 28.1.2018 1 week
Submission 29.1.2018 4.2.2018 1 week
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11

M1 Produce a comprehensive project management plan with clearly planned milestones
and a schedule for monitoring and completing the aims and objectives of the project.
The scheduling of the work is well known as a milestone which is very necessary for the
organisation to take in consideration while carrying out the project work. Few factors are
involved in the milestone of the work such as, determining the incurred time and cost in the
project (Pinto, 2015). The necessary required tasks and activities are also analysed while
making a milestone. The limitation of the project is also evaluated when preparing the
milestone.
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Part 2
P4 Carry out small-scale research by applying qualitative and quantitative research
methods appropriate for meeting project aims and objectives.
Project log book for two weeks
Week1
1.1 Update on weekly research/tasks achieved
The role of technology in the present market for Tesco company has been understood in the
first week.
1.2 Any risks and/or issues identified?
Yes, setting the project topic which will help in meeting the needs of the market and the
company can be able to get attained.
1.3 Problems Encountered
The corporation of the stakeholders were the problems.
1.4 New ideas and change of project direction
The new idea was the project may be performed with the assistance of external sources.
1.5 What have I learned about myself this week?
I learning that is been done this week is the way project has to get started.
1.6 Tasks Planned for Next Week
In the next week, the aim, as well as the standards of the project, will be set.
1.7 Project plan status to date
Till the date, project’s topic has been set appropriately.
1.8 Supervisor comments to address
The comment stated by advisor was to perform activities of the project in a planned way.
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Week 2
2.1 Update on weekly research/tasks achieved
The aim and objective have been performed effectively.
2.2 Any risks and/or issues identified?
Yes, to define the statement for project’s aim is very difficult and critical.
2.3 Problems Encountered
Proper plan and ideas were not able to get attained which was one of the biggest issues.
2.4 New ideas and change of project direction
The new idea gets generated is that the aim and standards can be met by pre-planning the
long-term objectives.
2.5 What have I learned about myself this week?
I have learned to be calm and patience as setting standards need lots of hardship.
2.6 Tasks Planned for Next Week
The literature study will be performed in the next week.
2.7 Project plan status to date
The aim, as well as objectives, have been set to the date.
2.8 Supervisor comments to address
The aim has to be obtained so, it is very necessary to stick with the project’s standards.
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Questionnaire
Name:
Age:
Gender:
Q1. Do your organisation uses digital technology?
 Yes
 No
Q2. Do you agree the organisation growth and use of technology are interlinked with each
other?
 Agree
 Highly Agree
 Neutral
 Disagree
 Highly Disagree
Q3. What is the factor contributing to Tesco company’s development?
 Resources.
 Technologies
 Government Aid
Q4. What are the ways Tesco company attaining the efficiency to get developed in the
market?
 Using technologies.
 Best use of resources
 Diversifying the customers market.
Q5. How is organisation handling the issue and problems of implementing the
technologies?
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 Training the employees.
 Motivating the manpower.
Q6. How is the company getting influenced by the use of emerging technology?
 Positively
 Negatively
16

M2 Evaluate the accuracy and reliability of the different research methods you have
applied to your project.
The research methods that is the qualitative and quantitative method used for the research are
very effective and useful as this is helping the company to attain the effective and appropriate
result for the set standards. The tools and techniques used by the investigators in this study
are more reliable as the data collected through this are very effective. The information can be
used for long-term by the company and the researchers (Bernard, 2017). The effectiveness of
the entire work can be done with the use of these techniques. The information will be
providing the concern and perception of the employees and management that in what manner
the company can be able to get growth opportunity.
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D1 Critically evaluate the project management process and the research methods used.
As per Berger (2015), the project management plan is a vital aspect which needed to be taken
into consideration by the company so as to carry out the tasks and activities of the project in
the required manner. The use of this will help in performing work properly and in the
required way. At the same time if it is not used and planned then the company will not be
able to perform appropriately and effectively the need to this is very high, not used then
management may have to suffer a lot. In accordance to Bryman (2015), the research
techniques and procedures are very good for the selected topic. the technology is a wide
aspect which is been used by the company, therefore using right tool is a must. The
qualitative and quantitative methods are very suitable for the company. Not opting the right
tool will influence and affect the entire project of the company and this will affect the growth
of the business as well.
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Part 3
P5 Analyse your research and data using appropriate tools and techniques.
Data analysis is very helpful for the organisation so that the data and information can be able
to get know what actually the perceptions and beliefs related to subjective aspects. The
investigators will be gathering the data from the 30 people randomly by the employees and
managers of Tesco company. Below is the analysis of the data that is been gathered from the
30 respondents: -
Theme1. The company is using technologies effectively.
Frequency
0
5
10
15
20
25
30
26
4
From the graph, it can be analysed that the technology is been used by the company as most
of the respondents who are employees and managers of the company stated Yes. There are
few who feels that company is not effectively using the technologies in its operations and
activities.
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Theme2 There is a strong relationship between technology and company’s growth.
Frequency
0
2
4
6
8
10
12
14
10
12
1
4
3
From the data that is been collected, it has been understood that there is a direct and strong
relationship between the growth of the firm and using emerging technologies. It has been
analysed from the views of respondents that using the digital technologies has helped the
organisation to perform effectively and it has helped in attaining growth in the market.
20

Theme3 Technology is the factor assisting company to grow.
Frequency
0
2
4
6
8
10
12
14
16
8
15
7
The graph presents that there are various factors which are helping the company to carry out
its activities in an effective way and through that, it can attain growth. Technologies,
resources, and the help of government are the factors aiding to grow but among all,
technologies are playing a vital role.
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Theme4. Technology is being used by a company to improve its efficiency.
Frequency
0
2
4
6
8
10
12
14
16
18
20
18
8
4
It is very important for an organisation to use the best tool to improvise the efficiency and
effectiveness. There are numerous options that Tesco company can use, as according to the
respondent review, technology is essential part used to enhance the efficiency of the
company.
22

Theme5 Training and motivation tools used to manage issues.
Frequency
0
2
4
6
8
10
12
14
16
18
20
18
12
There are various issues and problems that are bee faced by the company while implementing
the emerging digital technologies. from the gathered data it has been analysed that the
resistance of employees is the biggest problem, which is managed by a company with the
help of training and motivation program.
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Theme6. The influence of technology is very positive for the company.
Frequency
0
5
10
15
20
25
20
10
It is very important to understand the implication of introducing the digital technology in the
company. This will help in performing and making a decision as per the needs. From the
analysis, it has been understood that the impact of using technology is very effective and
positive, as a large number of respondents favoured for this.
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P6 Communicate appropriate recommendations as a result of research and data
analysis to draw valid and meaningful conclusions.
The data and information that has been gathered from this particular study it has been
analysed that there is an importance of technology in the market. The technology is very
important for the company but making it effectively used by the employees it is very vital for
the organisation to manage its several activities. There are some suggestions that are needed
to be managed and understood by the company to overcome several issues and problems.
They are as below-
1. The technology that is to be implemented or has been already introduced in the
company has to be effectively communicated with the related people so that the
decision and choices can be able to make in a consenting manner. It is must to do
proper communication to resolve the issues and problems.
2. The training and development program is another very essential things that are to be
organised by the company so that the workforce if the firm can be able to get the
knowledge and skills to handle and use technologies. It is essential for the company to
make the employees feel comfortable so that they can contribute effectively.
3. The leadership approach can also be utilised so that the issues that many times
company faces can get reduced and managed effectively. this will help in motivating
the employees who are not taking interest in working with the company due to the use
of technologies.
4. The resources that are required for the project has to be very well organised and must
be used in an appropriate way. this will help the company to control unnecessary
wastage and the cost can also be controlled appropriately.
25

P7 Reflect on the value of undertaking the research to meet stated objectives and own
learning and performance.
The research that has been carried out with the help of effective research tools has helped in
attaining various required data and information. The aims and standards that are been set by
the researchers for the project are able to get effectively obtained with the help of the
performed study. While carrying out the study I came to know that it is not easy to implement
the technologies in the company. There are numerous issues and a problem that is been faced
by the company as the employees and the stakeholders are not initially give their consents for
the project. I have also come to know that changes everywhere will not be accepted for the
first time, it needs lots of effort to make the people know the importance and value of
implementing any new thing. I myself came to know the importance of using the latest
technology as this will help in making the work easy and its tasks will get completed on the
set time. The standards that have been set for the project is also able to get accomplished
appropriately with the help of technologies. I understood that there are positive as well as
negative impact of the use of technology has at one side operations and activities are getting
performed appropriately, but at the same time, the employees resist to the changes. At the
end, there is a great growth opportunity that company would be attaining.
26

M3 Evaluate your selection of appropriate tools and techniques for accuracy and
authenticity to support and justify recommendations.
The recommendation that has been provided with the assistance of the strategies and tools
like qualitative and quantitative methods. The accumulation of the data and information in the
best manner has been able to do with the assistance of the selected techniques. Using this the
appropriate recommendation and suggestions have been drawn (Bryman and Bell, 2015). It is
essential to gather the data appropriately and using this method the right sources can be
attained. The accuracy and authenticity were able to get obtain appropriately and in the
desired manner to get growth and developing opportunity in the market.
27

M4 Evaluate the value of the project management process and use of qualitative
research to meet stated objectives and support own learning and performance
The project management process is very necessary to attain the standards and aims of the
project. If it is prepared in an effective manner then the objective will be get attained
appropriately. The work of the company will also be done effectively, this has been done
with the help of effective tools and techniques of research (Csikszentmihalyi and Larson,
2014). If the process management plan is not used and implemented then the company will
have to face several issues and problems. Also, the company will have to suffer from various
problems.
28

D2 Critically evaluate and reflect on the project outcomes, the decision-making process
and changes or developments of the initial project management plan to support
justification of recommendations and learning during the project.
According to Martinelli, et. al. (2016), the companies are getting growth opportunity in the
competitive world if it uses effective technologies. Though the project of the company is very
effective where the technologies are being used but still it is very necessary for the
organisation to take in consideration about several aspects. The process management process
and research techniques are very necessary to use effectively this will help in making needed
changes and decision. There are various things that have been gathered and accumulated with
the help of this technique. The recommendation and suggestions have also been made in this
study which is very useful for a company to overcome any possible issues and problems.
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Conclusion
From the above discussion, it can be concluded that the use of technology by Tesco company
will help it to carry out its operations and functions in a managed and systematic manner.
from the study, it has been determined that every organisation as to sustain in the competitive
world, the need for management is much required. The research has focused on several
activities which are needed to be managed so that the project can be able to attain the
sustainability and aims and standards can be obtained. For gathering resources and
information through which the project can be managed the researchers has carried out
primary and secondary research. The decision of work and the management of the activities
are done with the help of WBS and Gantt Chart. The data has been analysed with the help of
qualitative method and some suggestions and recommendations have been drawn for
assisting a company to get growth in the market.
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