Managing a Successful Business Project: A Comprehensive Guide

This report explores the impact of digital technology on business success. It outlines a project management plan for Nestle, encompassing cost, scope, time, quality, communication, risk, and resources. The report delves into qualitative and quantitative research methods, analyzing data to provide recommendations for effective digital technology implementation. It emphasizes the value of research and project management in achieving business objectives and enhancing personal learning.

Managing a Successful Business
Project
1

Contents
Introduction........................................................................................................................4
LO1....................................................................................................................................5
P1 Devise project aims and objectives for a chosen scenario......................................5
P2 Produce a project management plan that covers aspects of cost, scope, time,
quality, communication, risk, and resources..................................................................6
P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and
stages for completion.....................................................................................................7
M1 Produce a comprehensive project management plan, milestone schedule and
project schedule for monitoring and completing the aims and objectives of the project.
........................................................................................................................................9
LO2..................................................................................................................................10
P4 Carry out small-scale research by applying qualitative and quantitative research
methods appropriate for meeting project aims and objectives....................................10
M2 Evaluate the accuracy and reliability of different research methods applied........11
D1 Critically evaluate the project management process and appropriate research
methodologies applied.................................................................................................12
LO3..................................................................................................................................13
P5 Analyse 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.....................................................18
M3 Evaluate the selection of appropriate tools and techniques for accuracy and
authenticity to support and justify recommendations...................................................19
LO4..................................................................................................................................20
P7 Reflect on the value of undertaking the research to meet stated objectives and
own learning and performance....................................................................................20
M4 Evaluate the value of the project management process to meet the stated
objectives and support own learning and performance...............................................21
2

D2 Critically evaluate and reflect on the project outcomes, the decision making
process and changes or developments in the initial project management plan to
support justification of recommendations and learning during the project..................22
Conclusion.......................................................................................................................23
References.......................................................................................................................24
3

Introduction
Digital technology is the main requirement of all the businesses in the changing
environment and so it shall be considered. In this report, the impact of technology on
the business will be evaluated and for that aims will be established. The business plan
will be made and for that research will be undertaken so that all of the information can
be collected and this will be done with the help of various methods. All of the techniques
will be taken into consideration so that objectives which specified are attained in best
possible manner. The aspects which will be analyzed will be discussed in the report
below for Nestle. `
4

LO1
P1 Devise project aims and objectives for a chosen scenario
In the changing environment, it is required that all the changes which are taking place in
the market shall be incorporated into the business in an effective manner. For that, the
digital technology which is prevailing will have to be identified and also impact which will
be there in the business due to it (Nylen, 2015). For that, all of the aspects which are
involved in this process will be taken into consideration and there will be certain aims
and objectives which will be devised so that the company can deal with the
modifications which are taking place. There will be introduced if such facilities by which
the customers will be satisfied to the maximum extent and this will be helping the
company in retaining them making the business a success.
Objectives:
The main objectives which are to be attained in the proposal are as follows:
 The main aim is that all the new techniques will be used by which the
improvement of the quality will be attained.
 Competition in the market can be dealt in the most appropriate manner.
 The company will be able to ensure that sales are increased and by the overall
increase in the profits will be made.
 As there will be better products which will be provided to the customer
satisfaction will be increased.
 New techniques will be used by which the reduction in the total cost of the
products will be achieved.
5

P2 Produce a project management plan that covers aspects of cost, scope, time,
quality, communication, risk, and resources.
Planning is required to be done so that all of the factors by which the effectiveness and
efficiency of the business are affected can be taken into consideration (Killen, et. al.,
2012). Some of them which will be involved in the plan are as follows:
Scope: The project will be undertaken in order to incorporate all of the new digital
technology in the business so that the business can be in balance with the changes. By
this, the benefits will be received as there will be a rise in the effectiveness. Nestle will
be required to cover the impact which will be there due to this.
Cost: This is the main aspect to be noted as by this the profit is affected to great extent.
There will be a lot of expenses which are required to be incurred and so it is needed
proper control shall be made on them. There will be new technology which will be used
so that the object can be attained.
Time: There will be a proper time which will be set in relation to all the operations which
are to be performed and by that the total time which will be needed will be controlled. All
of the activities will be completed in a required period of time.
Communication: In the company, there are various activities which are to be
performed by several departments and so it is needed that coordination among them
shall be established. Also, there shall be effective interaction with the customers to
identify their needs.
Risk: The Company will be facing various risks in the process of the business and for
that, it is required that they shall be considered while making of the plan so that no
adverse effects are faced in the carrying out of functions.
Quality: For the achievement of customer satisfaction it is required that all of their
needs shall be considered and product in accordance with them with the best quality
shall be provided. Due to this all of the requirements shall be determined in advance.
Resources: In the business, there are various resources which are to be used and for
that, it is needed that proper allocation shall be made of them (Martinelli & Milosevic,
2016). By this, all of the operations will be performed in a proper manner.
6

P3 Produce a work breakdown structure and a Gantt chart to provide timeframes
and stages for completion.
Activities Start time End time Duration
Planning of the
activities
7 June 2018 9 June 2018 3 days
Identification of
the resources
10 June 2018 12 June 2018 3 days
Making of the
budget plan
13 June 2018 14 June 2018 2 days
Determination of
software
15 June 2018 16 June 2018 2 days
Distribution of
resources
17 June 2018 20 June 2018 4 days
Effective cost
management
21 June 2018 22 June 2018 2 days
Implementation 23 June 2018 28 June 2018 6 days
Training related
provision
29 June 2018 1 July 2018 3 days
Review 2 July 2018 3 July 2018 2 days
Activities
controlling
4 July 2018 6 July 2018 3 days
7

Gantt chart
Activities 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 6
Planning of the activities
Identification of the resources
Making of the budget plan
Determination of software
Distribution of resources
Effective cost management
Implementation
Training related provision
Review
Activities controlling
June July
8

M1 Produce a comprehensive project management plan, milestone schedule and
project schedule for monitoring and completing the aims and objectives of the
project.
The company will be required to make the proper plan so that it can undertake all the
activities in the appropriate manner. By that there will be effective resource allocation
and all of the operations will be performed inappropriate manner. By that, the control will
be made and there will be the timely completion of the project. There will be a plan
which will be formulated by Nestle to be followed and the same is as follows:
 Identification of the operations: The Company will be manufacturing various
products and in them, there are various operations which will be performed. Due
to this first step is to identify all of those activities so that they can be included in
the process of the business in an effective manner.
 Determination of resources: The production process will be requiring the use of
various resources and due to that it will be needed that all of them shall be
determined and also the quantity which will have to be managed (Seymour and
Hussein, 2014). By that, the process will be undertaken in such manner that no
hindrances are faced and required results are obtained.
 Evaluation of the relationships: There are various departments which
undertake the several tasks and there exists some or the other relation among
them which needs to be identified. They will be evaluated to know that in what
manner they are related and can be managed.
 Issues identification: In the business there exist various problems which are
faced in the process of plan implementation so they shall be identified. By that,
they can be dealt in advance as the measures will be planned accordingly.
 Monitoring: the company will be required to monitor all of the activities in an
effective manner and for that, it will be needed that proper policies shall be made
which will help in this process. By the help of that control will be established
which is very necessary.
Activities 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 6
Planning of the activities
Identification of the resources
Making of the budget plan
Determination of software
Distribution of resources
Effective cost management
Implementation
Training related provision
Review
Activities controlling Milestone
Milestone
Milestone
June July
Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
Milestone
9

LO2
P4 Carry out small-scale research by applying qualitative and quantitative
research methods appropriate for meeting project aims and objectives.
The business will be adopting the digital technology as by that aims will be achieved
and for that, it will be needed that proper research is performed so that all of the
information is collected. There are various methods which can be used and they include
quantitative and qualitative (Bernard, 2017). The company will be using this so that they
can achieve the aims which have been set. The quantitative research will be performed
so that all the numerical data will be tested and then they will be used in the effective
functioning. The factors which are related to the quality will be included in the qualitative
research and they will also be included. By the help of the findings which will be
obtained the process of digital technology will be carried in an appropriate manner. By
the help of that, there will be the control which will be made on the cost as the budgets
will be developed and the standards which are set will be attained. All of the products
will be prepared in the best quality and this way growth will be achieved as the
customers will be satisfied.
The Nestle will be required to collect all of the information so that they can make the
proper decisions and make the use of that for various other purposes. The main
researches which will be performed under this are as follows:
Primary research: The Company will be using this as by that direct interaction will be
established and so the views of people for the adoption of digital technology will be
obtained which helps in making the proper plan (Bernardi, 2013). There is no third party
which is included in this process and this includes the use of the questionnaire, survey
or any other means.
Secondary research: When the information that has been collected by others is taken
into use then they are known as the secondary sources of information. In this, no
research is performed and only the old data is used so not much of the reliance can be
placed on them.
10

M2 Evaluate the accuracy and reliability of different research methods applied.
In the process of research there are various methods which are used and in the data is
collected which is used to take the decision in relation to the digital technology. The
company will be placing more reliance on the quantitative data which has been
collected as that is more accurate and there will be no risk involved in that ( Yen, et. al.,
2016). whereas in case of the data which is collected by others and used by Nestle
there will be risk involved which will have to be considered while evaluating the
advantages which are received by the adoption of digital technology.
11

D1 Critically evaluates the project management process and appropriate research
methodologies applied.
The management will be required to follow the appropriate procedure and for that, it will
be needed that appropriate planning is made. In that, all of the factors by which
business will be affected are considered so that all of the issues which arise can be
eliminated. By the help of the plan, there will be proper implementation which will be
made so that required results are obtained. The data will be collected for all this and in
that qualitative and quantitative methods will be taken into consideration.
12

LO3
P5 Analyse research and data using appropriate tools and techniques.
The primary method will be used for the process of data collection and in that there
several techniques and tools which can be used and one of them is a questionnaire. In
that various questions will be formulated and then the responses will be obtained from
the people so that views can be obtained. The same is provided below:
Questionnaire:
Q1. Will the digital technology be helpful in the business?
Particulars Respondents
Yes 8
No 2
Total 10
Yes No
0
1
2
3
4
5
6
7
8
8
2
Respondents
Respondents
Interpretation: The Company will be able to attain the benefits of the involvement of
digital technology and this can be noted from the graph which is presented above. It can
be seen that most of the people feel that it will be beneficial for the company.
13

Q2. Will the customer satisfaction level be increased by this?
Particulars Respondents
Yes 7
No 3
Total 10
7
3
Respondents
Yes
No
Interpretation: By the help of this the level of the satisfaction among consumers is
increasing and this can be noted from the graph as most of them are in favor of this.
Q3. Nestle will be using the various policies and are they effective for the company?
Particulars Respondents
Yes 6
No 4
14

Total 10
Yes No
0
1
2
3
4
5
6
6
4
Respondents
Respondents
Interpretation: There are the policies and they are effective for the company and this
has been identified from the survey.
Q4. Will the economy be affected by the use of digital technology?
Particulars Respondents
Yes 9
No 1
Total 10
15

Yes No
0
1
2
3
4
5
6
7
8
9
9
1
Respondents
Respondents
Interpretation: By the use of the digital technology there will be growth and the benefit
of the same will also be received by the economy. This has been identified from the
survey and is presented in the graph above.
Q5. In the process of implementation of the technological changes will there be any risk
which will be involved?
Particulars Respondents
Yes 8
No 2
Total 10
16

Yes No
0
1
2
3
4
5
6
7
8
8
2
Respondents
Respondents
Interpretation: the company will be facing certain risk in this process and this
statement has been verified by the results which are obtained as 8 are in favor of the
same.
17

P6 Communicate appropriate recommendations as a result of research and data
analysis to draw valid and meaningful conclusions
The company is carrying out the research in which various results in respect of the
digital technology implementation are obtained (Hylving, et. al., 2012). It will be required
that all of them are evaluated in an appropriate manner so that they can be used for the
recommendation purpose by which the changes will be incorporated in an effective
manner. Some of them are as follows:
 The main aim is to increase the profits and for that focus will be provided on the
cost reduction for which certain steps will have to be taken.
 The company will be required to organize the training programmes by which
understanding the new techniques will be provided to all the employees. This will
help them in working in an effective manner.
 As the process is new so there will be certain risks which will be faced and so the
identification of them shall be made in advance. By that company will be able to
design the steps and measures which will be eliminating them.
 As the new techniques will be faster and in the manual labor will be required in
fewer amounts so that time will be saved and work will be completed on time. For
that, the changes which will be taking place will have to be adopted by all and
incorporated in the business process.
18

M3 Evaluate the selection of appropriate tools and techniques for accuracy and
authenticity to support and justify recommendations.
The company is taking into consideration the primary research and in that the most
accurate data will be obtained which helps the management in placing the reliance on it.
This is because of the fact that risk will not be involved as there is a direct relationship
which is established. By that digital technology will be implemented in the proper
manner and there will be accurate results which will be obtained (House, 2012). The
errors will not be made as the plan will be prepared in the perfect manner and also the
recommendations are made which will be providing the company with the required
benefits.
19

LO4
P7 Reflect on the value of undertaking the research to meet stated objectives and
own learning and performance.
In the business, there are various objectives which are to be attained and they have
been set by the Nestle also. The company is undertaking the use of digital technology
and the changes which will be taking place due to that together with the benefits which
will be achieved by the help of this are identified by the research which is performed.
There will be coverage of all the aspects of this the company will be able to improve the
financial position as well as the quality of the product will be increased. The rivals can
be faced with properly with the help of this and the customer satisfaction will be also be
attained (Cameron & Green, 2015). Growth will be attained as more parties will be
involved and also the retention of customers will be made which ensures the success in
long run.
The changes will have to be considered in proper manner and employees will be
provided with all the information that is required in this relation. There will be training
which is provided to them and then they can implement the plan inappropriate manner.
The returns of the company will be increased as the cost of the goods will be declining
and this is one of the main objectives of any business.
20

M4 Evaluate the value of the project management process to meet the stated
objectives and support own learning and performance.
The project management process is an essential part of the business as this helps in
the attainment of the goals and targets. There will be the establishment of the pan or the
procedure which will be required to be followed by the business and in that all of the
steps to be taken are specified (Elmusharaf, 2012). The employees will be able to
undertake the job in accordance with the same and for that, some training will also be
provided to them which make them eligible for the same and increase their potential.
The performance will be improved and this will be beneficial in the long term.
21

D2 Critically evaluate and reflect on the project outcomes, the decision making
process and changes or developments in the initial project management plan to
support justification of recommendations and learning during the project.
In the business, the incorporation of the digital technology will be of great help and they
will be able to achieve the targets and goals which have been specified. The plan will be
made and also the project management prices will be undertaken which is helpful in
maintaining the performance level. There will be proper decisions which will be made as
the data which will be required in this process is collected with the help of the research
which is undertaken by the use of primary methods.
22

Conclusion
From the report that is presented above the understanding in relation to the
management of the business, the project has been gained. The aims and objectives are
identified and then the data collection process is undertaken in which research is made.
The company is using primary research for the same and the findings of it are
represented in a graphical manner for the better presentation and so that proper
conclusions are drawn from them. The various elements which will be noted in this
process and the manner in which digital technology will be beneficial for Nestle are also
taken into consideration. Recommendations have been provided which helps the
company in making the business project a success.
23

References
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quantitative approaches. Rowman & Littlefield.
 Bernardi, E., 2013. Introduction to Quantitative Method. European university
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 Cameron, E. & Green, M., 2015. Making sense of change management: A
complete guide to the models, tools, and techniques of organizational change.
Kogan Page Publishers.
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protecting privacy and promoting innovation in the global digital economy. White
House, Washington, DC, pp.1-62.
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Design in a Product Developing Firm's Digital Innovation. JITTA: Journal of
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538.
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techniques for the practicing project manager. John Wiley & Sons.
 Nylen, D., 2015. Digital Innovation and Changing Identities. Department of
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 Seymour, T., and Hussein, S., 2014. The history of project management.
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p.233.
 Yen, W.W., Peng, Y.K. and Gee, Y.S., 2016, March. A Case Study Assessment
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