Managing a Successful Business Project: A Case Study of Sussex Builders

MANAGING A SUCCESSFUL BUSINESS PROJECT
NAME OF THE STUDENT
NAME OF THE UNIVERSITY
STUDENT’S ID

Contents
Introduction......................................................................................................................................3
LO1 Establish project aims, objectives and timeframes based on the chosen theme......................3
LO2 Conduct small-scale research, information gathering and data collection to generate
knowledge to support the project.....................................................................................................6
LO3 Present the project and communicate appropriate recommendations based on meaningful
conclusions drawn from the evidence findings and/ or analysis.....................................................8
LO4 Reflect on the value gained from conducting the project and its usefulness to support
sustainable organizational performance........................................................................................10
Reference list.................................................................................................................................12

Introduction
In this assignment we are going to talk about project management in brief and discuss all the
different aspects of project management in details. The main objective of this assignment is to
develop new and improved techniques and skills for executing, planning, initiating, controlling
and evaluating any kind of a project no matter what the size of the project is. Once the
assignment is completed successfully, we will be able to engage with a lot of confidence in the
process of decision-making, problem-solving and research skills with the use of project
management skills. Project management has developed and attained new heights in recent years.
In this assignment we are talking about the project management done by a well known building
firm in the UK, ‘Sussex Builders’.
LO1 Establish project aims, objectives and timeframes based on the chosen theme
Project Management: Project management can be defined as a process that involves use or
application of methods, knowledge, processes, skills and experience for successful attainment of
the objectives of the project. A project is a work that has a beginning and an end and is
temporary. It is a unique undertaking that helps to achieve the planned goal; it can define with
reference to the outputs, benefits or outcomes. A project whatsoever can be deemed successful
only when it achieves the objectives according to the plan within the timeline and budget.
The key stages of project management
Project management is performed with the help of five key stages. These set of stages give a
logical difference between the primary elements of handling a project that in turn can improve
the success of any project (Kerzner, 2018). These five key stages are as follows: project
initiation, project planning, project execution, monitoring and controlling the project and closing
the project.
The advantages of using project management
Project management is a very influential business tool that brings a lot of advantages to
businesses of all groups and scales. It provides a business with effective techniques, processes
and guidelines to manage the work and the workforce involved with any project. It helps in

increasing the success ratio and finishing the project on time, within the given schedule and
budget. Some of the main advantages which prove its importance are:
 Improvement in the probability of achieving the desired results for the project
 Improvement in the work quality and productivity
 Decrease in the chances of the failure of the project
 Gain an upper hand on the competition
 Helps in setting the scope, budget and time limit of the project from the beginning.
Initiation of the project and project planning phase
The stages involved in initiating the project and scoping the project involves the following
mentioned steps:
Scope of the project and initiating the project: This is the most important and the first step of
project management. It sets the project in motion for the rest of the cycle. In this stage of project
it is necessary to identify the need of the business and the purpose of the project. There should be
an analysis of the outcomes and the objectives that the project sets out to achieve in the long run.
In this stage, the key sponsors for the project have to be identified so that the project can be
properly funded and can be saved from any kind of roadblocks or hurdles (JOSEPH PHILLIPS
et al., 2018). In the initiation phase of project management, the project team has to be selected
who will carry out the entire project and the scope of the project has to be defined for success of
the project. The scope of the project has to be decided. By scope, we mean about the objectives
and goals of the project and what has to be done with the project.
Planning the project: In this stage all the major planning related to the project have to be done.
Planning the resources for the project, the funding for the project and the timeline of the project
are key things to focus on during the planning phase of a project. Project planning is the stage
where the budget and the schedule of the project is decided.
Executing the project: After knowing the scope of the project and planning the project
accordingly, now it has to be decided that how to bring it to life. In this important stage we have
to think about the ways of executing the plan and making it happen. In this stage we have to
think about some of the important factors related with the project such as the quality and timeline