Managing a Successful Business Project

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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