Managing a Successful Business Project: A Comprehensive Guide

This project explores the transformative impact of digital technology on business activities. It delves into the importance of digital technology, analyzes its influence on operations, marketing, accounting, and HR, and critically evaluates its positive and negative effects. The project utilizes both qualitative and quantitative research methods to gather data and draw meaningful conclusions. It also provides practical recommendations for businesses seeking to leverage digital technology for success.

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

cost ment
 estimatin
g cost
 determini
ng
budget
managem
ent of
project
quality
 planning
quality
manage
ment
 perfor
m
quality
assura
nce
 control
quality
P3: Produce a work breakdown structure and a Gantt chart to provide timeframes
and stages for completion.
The work-breakdown structure (WBS), may know as the "contract work-breakdown
structure" or even it is also called as "WBS". It is mainly being used in various venture
administrations and frameworks building is a deliverable-situated breakdown of a task
into little parts. A work breakdown structure is a key wander deliverable that forms the
joint effort into sensible zones. A work-breakdown structure segment may be a thing,
data, advantage, or any blend thereof (Heldman, 2018). A WBS in like manner gives the
major framework to organized cost assessing and control close by providing guidance
to design progression and control. The work break down structure for this particular
project is as follows:
7

Project: to analyse how digital technology has transformed
business activities of the organisation
Initiation phase 4. Closeout
phase
3. Execution
phase
2. Planning phase
1.1 Requirement
gathering and
analysis
2.1 Project plan
development
3.1
Brainstorming
marketing
4.1 Contract
closeout
Define process
for gathering
requirements
Document
project
stakeholder
interviews
Analyse
requirement
Create
requirement
documents
1.2 Project
Charter
Development
Business case
Project definition
Establish high
level, cost, time
estimates
Establish list of
stakeholders
1.3 Initiation
phase approval
Scope statement
Work breakdown
structure
Performance
baseline
measurement
procedure
planning
Project schedule
plan
Resource
management
Supporting PM
process plan
Project plan
approval
2.2 Planning
phase approval
Prepare work
Brainstorming
session
Solicitation
Source
selection
Primary
market
research tool
development
3.2 Execution
phase
approval
4.1 Contract
closeout
Achieve
documents
4.3 Establish
process for
achieving
project data
4.2 Launch
project
4.4 Conduct
administrative
closeout
4.5 closeout
phase approval
8

Figure 1: Work break down the structure
(Source: )
Gantt chart
A Gantt chart is a type of bar chart that illustrates a project schedule. Modern Gantt
charts also show the dependency relationships between activities and current schedule
status. The Gantt chart for this research is as follows:
Main
activities
/ stages
Week
1
Week
2
Wee
k 3
Week
4
Wee
k 5
Week
6
Week
7
Wee
k 8
Wee
k 9
Wee
k 10
Wee
k 11
Wee
k 12
Wee
k 13
Wee
k 14
Select
the
subject
Data
collectio
n
(Seconda
ry
Sources)
Layout
Formatio
n
9

Formatio
n of the
Research
Plan
Literatur
e review
Selection
of
Research
Techniqu
e
Data
collectio
n
(Primary
data
sources)
Analysis
and
Interpret
ation of
the data
10

Findings
from the
Data
the
conclusi
on of the
Research
study
creation
of Rough
Draft
Final
Submissi
on of the
research
Work
Table 1: Gantt chart
(Source: As created by the author)
11

Part 2: Project log book
P4: carry out small-scale research by applying qualitative and quantitative
research methods appropriate for meeting project aims and objectives.
Research systems are part broadly into quantitative and subjective techniques.
Subjective research is multimethod in focus, including an interpretive, naturalistic
approach to manage its theme. This infers subjective experts examine things in their
normal settings, trying to grasp, or decipher, wonders the extent that the suggestions
people pass on to them (Martinsuo and Hoverfält, 2018). The purpose of subjective
research is to understand the social reality of individuals, get-togethers and social
orders as nearly as possible as its individuals feel it or live it. Hence, people and social
events, are considered in their normal setting.
Research following a subjective approach is exploratory and tries to elucidate 'how' and
'why' a particular wonder, or lead, fills in as it does in a particular setting. The expert has
a couple of methodologies for get-together trial materials, going from the gathering to
arrange recognition, to the examination of old rarities, reports, and social records, to the
use of visual materials or individual experience.
Quantitative research gathers data in a numerical edge which can be put into classes,
or in rank demand, or assessed in units of estimation. This sort of data can be used to
manufacture outlines and tables of rough data (Daniel and Daniel, 2018). Quantitative
researchers intend to develop general laws of lead and phenonomon across finished
different settings/settings. Research is used to test a speculation and in the long run
help or reject it. Tests regularly yield quantitative data, as they are stressed over
assessing things. Regardless, other research methods, for instance, controlled
recognitions and reviews can convey quantitative information (Tonchia, 2018).
So as to complete the exploration, the scientist considers a gathering of 35 respondents
who are chiefly the workers of the organization utilizing advanced advances inside the
organization and also the representatives of the association that do not think about the
utilization of computerized innovation for the authoritative exercises. An arrangement of
12

the poll is set up by the specialist which contains 10 closed-ended inquiries identified
with the theme.
Part 3: Performance review
P5: Analyse your research and data using appropriate tools and techniques.
From the data assembled through the subjective and quantitative research procedure, it
has been clear that advancement adequately influences business assignments. Despite
the measure of the undertaking, development has both generous and imperceptible
focal points that will empower it to benefit and make the results your customers ask.
Mechanical establishment impacts the lifestyle, efficiency, and associations of a
business. It also impacts the security of mystery information and trade purposes of
intrigue. In particular, development impacts an affiliation's ability to talk with customers.
In the present possessed business condition, it is fundamental for delegates to connect
with clients quickly and clearly. Destinations empower customers to find answers to
their request evening (Shtub and Rosenwein, 2018). Fast shipment options empower
associations to move things over a significant geographic district. Exactly when
customers use development to interface with a business, the business benefits since
better correspondence influences a more grounded open to picture.
Advancement in like manner empowers a business to grasp its wage needs and ensure
profitable resources, for instance, time and physical space. Stockroom stock advances
let business visionaries perceive how best to manage the limit costs of holding a thing
(Pheng, 2018). With suitable advancement set up, authorities can save time and money
by holding social events over the Internet instead of a corporate base camp. Most
associations of the front line time frame are subject to security perils and vandalism.
Advancement can be used to secure cash related data, private authority decisions and
other selective information that prompts high grounds. Essentially, development
empowers associations to keep their considerations from their restriction. By having
PCs with passwords, a business can ensure none of its planned endeavors will be
copied by the restriction.
13

The six key conducts by which advancement is changing the best way to deal with co-
operating are according to the accompanying:
1. Effectiveness. One of the early central purposes supporting the take-up and use of
PCs were validations that extended productivity could be recognized, subsequently
empowering us greater chance to deal with do diverse things. In all actuality, the use of
PCs has changed the workplace as we most likely are mindful it (Tonchia, 2018). It has
driven down the cost of data getting ready, and the straightforwardness with which
considerable volumes of data can be controlled by and traded between various units
inside the affiliation.
2. Collaboration. In conditions where individuals won't be in office physically, e.g. as a
result of teleworking approaches or offsite work assignments, and even to participate
with clients, advancement is advancing different accessibility options that support
continued with exchange and composed exertion among work gatherings (Reed and
Angolia, 2018).
3. Resourcing. Autonomous and isolated from the impact development has been having
on proficiency; it is in like manner changing the way associations are resourced (Dugué
and Petit, 2018). Two key instances of this are disseminated registering, which allows a
wide extent of advantages, for instance, programming applications, gear and
establishment necessities, for instance, accumulating and dealing with control, to be
gotten to on the web, and outsourcing, where, in light of development, associations can
rot or delegate assorted parts of their business to either partner or outcasts, yet in the
meantime stay related and have essential commitments to frames that have remained
in-house.
4. Affiliation and intrigue. This point is immediately clear through the impact of electronic
interpersonal interaction in business. Despite the outfitting relationship with another
phase for publicizing and progression, and to scatter information, web-based systems
administration offers customers and individuals, as a rule, a generous, a voice (Kaulio,
2018). Various affiliations are beginning to pick up by the odds to secure feedback on
their things and benefits, and even to use the synergistic condition that advancement
14

now develops for crowdsourcing exercises, for instance, crowd creation, crowd voting,
and even crowd wisdom.
5. Cost organization. Unendingly, extending contention is empowering a routinely
creating need to manage cost and streamline assignments. The organization is
relentlessly being asked for to get the most "esteem for the cash", and in these
endeavoring monetary conditions, to control spending and recognize save reserves
(Amoako-Gyampah et al., 2018). Before long, advancement is giving fiscally astute
decisions, such expertise/work and preparing resource outsourcing, and moreover
concerning in-house courses of action that can upgrade the adequacy, productivity and
execution of the individual laborer, and inevitably, that of the affiliation.
6. Capability and change. Finally, this point is a trademark, yet the basic consequence
of an extensive parcel of the earlier concentrations, since there is a more imperative
push towards affiliations ending up more streamlined. Usually, a standout amongst
other challenges that associations have faced is that regardless of the way that they
might be clear about what their inside goals might be, broad thought – financing, work,
organization, et cetera – had been given to supporting activities and strategies
profoundly business (Pivec and Maček, 2018). In any case, by virtue of advancement,
associations have more choices through which to reallocate their undertakings towards
essential methods and limits that they ought to direct, thusly growing productivity and
yields.
Advancement has disturbed the way associations lead business by enabling free dares
to make everything reasonable with greater affiliations. Privately owned businesses use
an assortment of tech for everything from servers to PDAs to make high grounds in the
financial business focus (Lepenies, 2018). Business people should consider completing
development in their orchestrating method for streamlined coordination and to represent
future augmentation. This empowers proprietors to make errands using the best
advancement open.
15

Impact on Operating Costs
Business visionaries can use advancement to decrease business costs. Principal
attempt programming engages a firm to automate back office limits, for instance, record
keeping, accounting, and fund. Convenient tech licenses home work environments and
field reps to convey constantly. For example, field reps can use compact applications to
record their consistently costs as they get them and have them coordinate normally with
accounting programming back at the work environment (Anbari, 2018). Business
visionaries can similarly use advancement to make secure conditions for keeping up a
sensitive business or client information. Various sorts of business advancement or
programming programs are straightforward and allow business people with simply minor
establishments in information development to exploit their gadgets and features.
Extended Productivity
Free organizations can grow their specialists' gainfulness utilizing development. PC
activities and business programming generally empower specialists to process more
information than manual strategies. Business visionaries can moreover realize business
development to reduce the measure of human work in business limits. This empowers
autonomous organizations to swear off paying work costs nearby laborer benefits.
Without a doubt, even fundamental business tech can significantly influence agent
execution.
Extend customer Bases
Advancement empowers private dares to accomplish new monetary markets. Instead of
just offering buyer stock or organizations in the adjacent market, free organizations can
accomplish nearby, national and all-inclusive markets. Retail destinations are the most
surely understood way private endeavors offer things in a couple of unmistakable
monetary markets (Lauren and Schreiber, 2018). Destinations address a
straightforwardness decision that customers can get throughout the day, consistently
when hoping to purchase items or organizations. Business people can in like manner
16

use web publicizing to accomplish new markets and customers through accurately set
web banners or advancements.
Composed exertion and Outsourcing
Business development empowers associations to outsource business abilities to various
associations in the national and all-inclusive business condition. Outsourcing can
empower associations to cut down costs and focus on completing the business work
they do best. Particular help and customer advantage are two typical limit associations
outsource (Nissen et al., 2018).
P6: communicate appropriate recommendations as a result of research and data
analysis to draw valid and meaningful conclusions.
It's a request at the cutting edge of new prevailing upon a regard to advancement and
its part in the endeavor. Genuinely, IT automated, fused and re-composed operational
techniques. That lessened costs extended the scale and changed operational practices,
in any case, it did little to drive improvement. This will change as another course of
action of electronic advancements change the wage delivering front-end of the
business.
Mechanized advances, for instance, flexible, internet organizing, PDAs, colossal data,
farsighted examination, and cloud, among others are on an extremely fundamental level
extraordinary in connection to the principal IT-based advances (Jiang et al., 2018).
Fresher headways touch the customers particularly and in that affiliation make a
wellspring of mechanized complexity those issues to regard and pay.
There are two or three critical domains in which development now can cause give enter
ideal conditions to associations in actuating customer commitment by improving
customer advantage:
Destinations: Providing regions on your site where customers can answer their own
specific request or search for answers from others.
17

Email: Using email as a way to deal with upgrade customer organization and more
quickly respond to particular needs or help requests.
Correspondences: Unifying trades so you understand that the customer who left a
telephone message furthermore sent an email with a comparable request two or three
days back.
Programming: Better supervising customer relationship with more refined data gathering
devices, for instance, customer relationship organization programming.
The business target of a firm to should be extended with the joint efforts of the buyers
for delivering the commitment. No ideal strategy has been found there that should help
in doing the quality things. Along with that, the benefits of the customers would be
considered in it (Sljivar and Gunasekaran, 2018). Nonetheless, as new advances have
come to market to make it easier than the companies can provide proper benefits to
their customers. It should consider a channel amount where a connection can be
maintained with the customers.
To make a mechanized edge, heads must contemplate the association between the
progressed and physical universes by portraying the going with:
Perceive propelled a motivating force by describing a sensible automated outcome, for
example, taking outlines on a trip ship or giving customers 'Tiffany advantage at a
Target esteem.' Outcomes give the best way to deal with a base on what is
painstakingly valuable rather than what is deliberately possible.
Select the right sort of mechanized edge. Blueprint the right blend of cutting edge and
physical resources. consider whether your affiliation needs propelled advancement to
also robotize exercises for scale, extend the customer experience, run with its kinfolk
and strategies or find new wellsprings of wage by abstracting electronic information
(Maron, 2018). Much the same as different blends of coffee, various mixes of electronic
and physical resources make particular capacities and results.
In the occasion that digitizing the business were as fundamental as offering virtual
copies of physical things, by then every business would be a propelled business. Our
18

examination of more than 20 propelled pioneers figured out how to transforming into a
modernized relationship in light of seeing automated development as a key resource
rather than an IT operational cost (Noguera et al. 2018).
Despite that, another proposition is to make and execute date-book. Mechanical
execution requires time and resources. Every execution plan should join a quick and
dirty portrayal of what errands ought to be master and what rigging ought to be procured
in the midst of the utilization time allotment. This course of action early empowers a
business to imagine costs, avoid postponements and restrict obstructions to work
shapes using the past advancement. Agents can moreover benefit by knowing when
imaginative resources, for instance, printers or servers will be separated in the midst of
the methodology to outline their work around interruptions (Wilson et al., 2018). If
specialists are not set up to work and take the full favored stance of new resources,
executing new advancement can be counter-beneficial. Laborers who don't know how to
use new equipment or writing computer programs are presumably going to end up less
gainful and less content with their occupations unless they get honest to goodness
setting up that sets them up for the creative change. This arrangement should be
consolidated into a mechanical use configuration, complete with a timetable or planning
events to keep laborers instructed and a monetary arrangement for getting ready
resources.
P7: Reflect on the value of undertaking the research to meet stated objectives
and own learning and performance.
The information examination and the gathered data deduce that the idea of advanced
advertising is developing in the present market situation. The subject with respect to
how computerized innovation has changed business exercises can be comprehended
the goals of the exploration work. Connecting the whole research with the destinations
comprehends that computerized innovation has turned out to be progressively critical
for the organisation to complete the distinctive hierarchical exercises and acquiring a
higher productivity and execution (Larsson et al., 2018). The examination serves to
understand that Digital innovation is a vital measurement of our economy, yet it is in no
way, shape or forms the main driver of financial action or opportunity. Rather than the
19

all-inclusive and relatively mysterious properties that "techno-self-assured people"
ascribe to computerized innovation, we have to make a basic refinement between the
guarantee of innovation and the utilization of innovation. Individuals are pointing the
finger at innovation for not satisfying its guarantees in view of poor financial execution
as of late when it is extremely its utilization as shown in the absence of fundamental
interest in the economy that is constraining development. Without expanded capital
interest in gear and programming, development and innovation have no real way to
spread all through the economy (Cohen, 2018). Long-run development is lower as a
result. The lull in speculation has little to do with innovation. Or maybe it is expected to
some extent to an expanding short-termism with respect to U.S. organizations, driving
them to contribute less for the more drawn out term. Moreover, there are six distinctive
manners by which the computerized innovation can change the business exercises of
the association. Over the span of the last 10 to 15 years, development has
fundamentally changed all the demeanor as well as strategies of all the workplaces.
More fundamentally, it continues with the progression of telecoms as well as IT
development is influencing the on-going difference in the business condition to misuse
available mechanical assemblies and openings. Despite that, the investigation reflects
that automated development extraordinarily influences the affiliation and its activities.
Development has disturbed the way associations guide business by engaging private
dares to even the chances with greater affiliations (Kebede, and Patel, 2018).
20

Conclusion
Grasping an interactive as well as incremental progression approaching process should
be considered as the focal changes in various working practices for an organization. It
gathers as well as it influences each facto to react in accordance to it. The assignment
moreover reasons that best in class advancement enormously influences the legitimate
activities and the use of development can help the chiefs to in achieving viable
progressive activities inside the workplace.
21

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