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Managing A Successful Business Project Assignment

   

Added on  2021-01-01

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Managing aSuccessful Business Project

Table of ContentsINTRODUCTION ...............................................................................................................................3ACTIVITY 1 ......................................................................................................................................3P1 Projects aims and objectives Aim : ...........................................................................................3P2 Project management plan .........................................................................................................3P3 Work breakdown structure and Gantt chart ..............................................................................5ACTIVITY 2 .......................................................................................................................................6P4 Quantitative and quantitative research methods .......................................................................6P5 Data analysis ..............................................................................................................................7P6 Conclusion and recommendation ............................................................................................12ACTIVITY 3 ....................................................................................................................................13P7 Reflection on the value of undertaking research ...................................................................13REFERENCES ..................................................................................................................................15APPENDIX .......................................................................................................................................17

INTRODUCTION Globalisation can be referred as integration of world economies. It can also be consideredto be as the procedure by which companies develop international influence and start operating atglobal level (Ritzer and Dean, 2019). Globalisation has direct as well as significant influence on thebusiness activities of companies that operate in Telecommunication sector. The major businessactivities of telecom companies which are affected by globalisation are operations, HR, accountingetc. In addition to this, It has great effect on the culture as well as business ethics (Rodrik, 2018). The present research will focus on analysing positive ethical, cultural and Economic impact ofglobalisation on telecommunication industry in context of British telecom. Study will include detailabout different methodology which has been used for conducting investigation on specific topic. ACTIVITY 1 P1 Projects aims and objectives Aim : Aim of the research : “To examine positive cultural, economic and ethical impact of globalisationon different business functions – A case study of British Telecom”.Objectives:•To develop the understanding about the ethical, economic and cultural aspects of business incontext of globalisation. •To identify the issues faced by British Telecom due to globalisation. •To determine relationship between globalisation and efficiency of business functions •To suggest the suitable ways which can be used by organisation for improving the businessperformance through globalisation. P2 Project management plan Project management plan can be defined as the document which consists of detail about the waydifferent activities will be executed during the time of investigation. It basically defines techniquethat will be used for executing, monitoring and controlling the project (Pandey, Pandey, and VanRyzin, 2017). Project management plan covers various aspects of the project such as cost, scope,time, quality, risk, communication etc. It helps researcher in identifying the barriers which mightoccur during the execution of research.

Cost: The expenses which are associated with execution of project are associated with the purchaseof resources, stationery. Costs also include travelling expenses, communication cost etc. Incontext of research, the major cost occurred in collection of data. In context of present study,the expenses will include salary of person appoint for taking interview, travelling,communication costs etc. In relation to British telecom , an organisation has to pay salary tothe researcher as well as project manager. In addition to this, the other expenses which arerequired to be paid by the British airways in context of expansion of business at internationallevel include hiring of employees, installation of communication system etc. unit/ hrsCosts/ unit/ hrsWBS Level 1 total Projectmanagement Project managergroup members 10002956192 £63£ 8900£ 13200£Hardware Handheld devicesServers1524750£4500£670 00 £18000£ Installation anddevelopment of Licensedsoftware180361£21600£ software andhardware Testing80000£Scope: It is the crucial element of project management plan which assist scholar in identifying theactivities which are required to be executed for accomplishing desired objectives. In context ofpresent study, project has wide scope. As by executing the researcher on specific topic theissues as well as challenges related to the globalisation can be identified. In addition to this, itwill help in finding the solutions to the the problems faced by companies due to globalisation.(Rodrik, 2018.).

Time: it is another important element of project management plan. As all the activities in researchare interrelated and delay in one tasks can have direct effect on the final outcome. In context ofpresent study, researcher will use time management strategy in order to prevent the delay incompletion of the research project. Scheduling will be done properly and will be monitoredclosely so that study can be completed within specified period of time. Quality: This is the main component of project management plan. Quality is the factor which isrequired to be considered by scholar during collection of information. This factor has greateffect on the research outcome. In context of present study, scholar will set some standards formeasuring the quality of work (Quinlan, Babin and Griffin, 2019.). In addition to this, Totalquality management approach will be used by researcher for maintaining the quality of work. Communication: An effective as well as continuous communication between the differentstakeholder in very much important in order to execute investigation in systematic manner.Smooth flow of information between stakeholders during the investigation procedure will helpin preventing the overlapping of activities (Bell, Bryman and Harley, 2018). It will also assistin ensuring an efficient as well as efficient utilisation of resources. Resources: For executing the present research lots of different resources such as human, capital,time, communication devices, stationery etc. Proper allocation of resources is very muchimportant in order to fulfil the needs of all tasks (Neelankavil, 2015). Lack of sufficientresources can give rise to conflicts between group members. In context of present research,scholar will distribute resources systematically. Risk: In context of present study, the major risk is human errors which include incomplete or falseinformation from respondents. The other risk in executing the investigation process on specifictopic is occurrence of ethical or legal issues. In context of globalisation , there is high risk oflegal issues. Other risk is market uncertainty which might have negative effect on growth oforganisation . Type of risk Probability Impact StrategyGeo political Medium High All the laws will befollowed by company.

Financial risk Moderate High Management in anorganisation willinclude different termsand agreement beforeentering into jointventure business withinternational company.P3 Work breakdown structure and Gantt chart Work break down structure is considered to be as a key deliverables which organises team workinto manageable sections. It can also be referred as the decomposition of the bigger tasks which arerequired to be performed by project team. Work breakdown structure provides project manager anease in managing the project (Flick,2015.). It also supports project manager in making the taskeasier and helps them in reducing workload. Gantt chart is the graphical representation of the schedule according to which the different activitiesduring the investigation process will be executed. It is mainly utilised for planning the project.Gantt chart consists of start and finish time of each activity. It also provides manager ease inmonitoring progress of project (Mackey and Gass, 2015.). Gantt chart for present research : TaskModeTask NameDurationStartFinishPredecessorsCostAutoScheduledResearch proposal 45 daysFri 07-06-19Thu 08-08-19£500AutoScheduledAims and objectives 15 daysFri 09-08-19Thu 29-08-191£650.00AutoScheduledResearchmethodologies 15 daysFri 09-08-19Thu 29-08-191£1,000.00AutoScheduledData collection 14 daysFri 30-08-19Wed 18-09-191,2£1,500.00AutoScheduledData analysis 30 daysFri 30-08-19Thu 10-10-192£1,700.00AutoScheduledData interpretation 10 daysThu 19-09-19Wed 02-10-193,4£650.00AutoScheduledFindingandconclusion 28 daysFri 11-10-19Tue 19-11-195£700.00AutoRecommendations 10 daysFri 11-Thu 24-5,6£800.00

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