Managing a Successful Business Project: A Comprehensive Guide

MANAGING A SUCCESSFUL
BUSINESS PROJECT
NAME OF THE STUDENT:
NAME OF THE UNIVERSITY:
STUDENT’S ID:
1

Contents
MANAGING A SUCCESSFUL BUSINESS PROJECT..................................................................1
Introduction................................................................................................................................................3
Part 1: project management plan...........................................................................................................3
P1: Devise clear aims and objectives for your project........................................................................3
P2: Produce a project management plan incorporating: costs, scope, time, quality,
communication, risk and resources........................................................................................................4
P3: Produce a work breakdown structure and a Gantt chart to provide timeframes and stages
for completion............................................................................................................................................7
Part 2: Project log book..........................................................................................................................12
P4: carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives.........................................................................12
Part 3: Performance review...................................................................................................................13
P5: Analyse your research and data using appropriate tools and techniques..............................13
P6: communicate appropriate recommendations as a result of research and data analysis to
draw valid and meaningful conclusions...............................................................................................17
P7: Reflect on the value of undertaking the research to meet stated objectives and own
learning and performance......................................................................................................................19
Conclusion...............................................................................................................................................21
References..............................................................................................................................................22
2

Introduction
Digital transformation is the path toward acclimating to the movements and challenges
related to cutting-edge advancement, over all parts of the business. It's tied in with
embedding electronic developments at all levels and components of the business and
developing a culture of advance over the gatherings, with a complete goal of upgrading
and outperforming the customer experience. With the cutting-edge change the client,
rather than the development, is in the driver's seat, and this issues. Digital
transformation is driving associations to rethink what their customers regard and how to
address those issues. Advanced change is transforming into an essential for
associations of all sizes and undertakings. The primary conviction now is that change is
stimulating. Customer lead is driving this change and if the association need to find,
keep and hold online customers and likewise stay before the restriction, it must consider
propelled change. This endeavor will empower the relationship to portray how the
progressive assignment is to be masterminded, executed and checked. It is like manner
fuses the exercises that are to be taken to achieve the endeavor goals. The Project Log
Book will allow giving affirmation of the endeavor headway process and an advancing
reflection. It will perceive how to think about the course of the endeavor and particularly,
what issues can involvement and how to decide them.
Part 1: project management plan
P1: Devise clear aims and objectives for your project
The aim of the project is to analyse how digital technology has transformed business
activities of the organisation such as operations, marketing, accounting, and HR. The
objective of the study are as follows:
 To analyse the importance of digital technology
 To understand the ways in which digital technology has transformed business
activities
 To critically evaluate the positive and negative impact of digital technology on the
business activities.
3

P2: Produce a project management plan incorporating: costs, scope, time,
quality, communication, risk and resources.
Various specialists consider a Project Management Plan as a date-book or Gantt
diagram. Specialists who pass on this misinformed judgment into the PMP®
accreditation exam are the most improbable ones for passing the exam. The Project
Management Plan should be considered as a report that can portray how an endeavor
is watched, executed as well as controlled; it should be fundamentally in excess of the
scheduled diagram. A proper understanding of the undertaking configuration should pay
rich benefits all through the making arrangements for this PMP affirmation exam, and
besides that, it would help to supervise the wanders. The assignment boss influences
the endeavor organization to configuration following commitments from the wander
gathering and the key accomplices. A wander organization configuration should be
formal, a supported report which portrays the way by which the endeavor can be
executed, checked, as well as controlled. This should be a once-over or the point by
point record and may fuse baselines, reinforcement organization plans, as well as other
masterminding reports. This record is able for describing the approach wander amass
takes for passing on its arranged endeavor organization degree of the errand. As the
work proceeds with, the execution of the wander is assessed against the execution
estimation benchmark joined the assignment organization plan. The degree measure,
design, and the cost benchmark are inside and out implied as the execution estimation
standard (Kerzner, 2018). In case there is a deviation from the standard while the work
is being done, the wander overseer oversees them after making acclimations for curing
the deviation. In case these modifications disregard for modifying the deviations, by
then the formal change sales to the baselines end up central.
In most cases, almost all the portions of the endeavor organization configuration should
be made by several methods described in this PMBOK Guide; for example, the trades
Management Plan should be delivered in such correspondences plan and process.
Nevertheless, the cost Management Plan, Schedule Management Plan as well as the
Scope Management Plan should be made in such Develop Project Management Plan
4

and process. Exactly while an endeavor endorse should be made in the beginning
technique gathering, it should contain the augmentation summary, spending design as
well as an outline (defining moment) design.
Knowledg
e-based
area
Initiating Planning Executing Monitoring as
well as
controlling
closing
Managing
the project
integration
 Develo
pment
of
project
charter
 Develop
ment of
project
manage
ment
plan
 monitori
ng and
controlli
ng the
project
 perform
integrati
on and
change
control
close
project
or the
phase
Project
scope
managem
ent
 plan
scope
manage
ment
 collectin
g
requirem
ents
 defining
the
scope
 validati
ng
scope
 controlli
ng
scope
5

 creating
WBS
Project
time
managem
ent
 planning
the
schedule
manage
ment
 defining
the
activities
 sequenci
ng the
activities
 estimatin
g the
activity
resource
s
 estimatin
g the
activity
duration
 developi
ng the
schedule
 controlli
ng
schedul
e
Managem
ent of
project
 planning
cost
manage
 controlli
ng cost
6