This report explores the critical aspects of managing a successful business project, focusing on the role of technology and innovation in achieving project objectives. It examines the essential elements of project management, including cost, scope, time, quality, risk, and resources. The report utilizes both qualitative and quantitative research methods, analyzing journals, articles, books, questionnaires, and numerical data to gain insights into the challenges and opportunities presented by technological disruptions in the business world. The study focuses on the automotive industry in the United Kingdom, using the example of big data analytics to illustrate the impact of technological advancements on project management strategies.