Managing a Successful Business Project: A Comprehensive Guide

Managing a Successful Business Project
1

Table of 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..............................................................................................................................8
M1: Produce a comprehensive project management plan, milestone schedule and project
schedule for monitoring and completing the aims and objectives of the project......................11
D1 (LO1 & 2) critically evaluate the project management process and appropriate research
methodologies applied...............................................................................................................13
LO 2:..............................................................................................................................................14
P4 Carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives.................................................................14
M2 Evaluate the accuracy and reliability of different research methods applied......................15
LO3:...............................................................................................................................................16
P 5 Analyze research and data using appropriate tools and techniques....................................16
P 6 Communicate appropriate recommendations as a result of research and data analysis to
draw valid and meaningful conclusions....................................................................................21
M 3 evaluate the selection of appropriate tools and techniques for accuracy and authenticity to
support and justify recommendations........................................................................................22
D2 (LO3 & 4), Critically evaluate and reflect on the project outcomes, the decision-making
process and changes or developments of the initial project management plan to support
justification of recommendations and learning during the project............................................23
LO4:...............................................................................................................................................24
2

P 7 Reflect on the value of undertaking the research to meet stated objectives and own
learning and performance..........................................................................................................24
M 4 Evaluate the value of the project management process to meet the stated objectives and
support own learning and performance.....................................................................................25
Conclusion.....................................................................................................................................26
References......................................................................................................................................27
3

Introduction
The arrival of digital technology has brought a huge revolution in the basic conduct of the duties
and responsibilities of the business. From the last few years, there has been determined a huge
change in the traditional models and ways of performing the business activities. There has been
provided huge opportunities, means and methods to the organizations for performing the various
business activities all caused due to the arrival of the digital technology in the era. It has
increased the profitability of the initial products in the organization by the arrival of the digital
technology in the operations. The project is laid on the Brake Bros Limited Company which is
engaged in the food sector in the UK. The report will show the ways and methods adopted by the
company in order to overcome the challenges which are faced while dealing with the digital
methods in performing the operations in the business cycle. The study will show that how the
project management plan works and proves helpful to the company in fulfilling the needs of the
business effectively and efficiently. There is also shown a huge of recommendations for the data
which is being used by the company in performing the various activities in the digitalized
business.
4

LO1
P1. Devise project aims and objectives for a chosen scenario.
The company which has been selected is Brakes Bros Limited which is the supplier of catering
products in the UK and deals with the food and drinks. The company has its headquarters in
Ashford, Kent and United Kingdom and serves the foodstuffs in more than 20 centers in the area.
It was established in the year 1958 by William, Frank and Peter Brake. The company has a huge
faith in following the latest techniques and innovative methods in dealing with its services with
the customers. It believes in bringing the efficiency and effectiveness in the work. The company
can also have the use of the Supply Chain Management model which is best for the proper
planning and networking in the organization(Bharadwaj, et. al., 2013).
The main aim and objectives of the project study are described below:
 Implementation of the model of supply chain management in the organization for better
efficiency in the operations.
 Designing and undertaking a proper planning in order to improve the working scenario in
the organization for the completion of the tough tasks.
 Proper management of the finance and funds in the organization to rescue the company
from mishaps (Bharadwaj, et. al., 2013).
5

P2 Produce a project management plan that covers aspects of cost, scope, time,
quality, communication, risk, and resources.
 Cost: There is a huge impact on the cost factor in the organization in order to have the
good conduct of all the operations in the project. The report is thus maintained in order to
determine the threats and challenges in adopting the digital technology in the Brakes Bros
Limited. There is need to have a good budget plan in the organization. The research
would be done performing the analysis of the data and making Gantt chart and work
breakdown structure (Yoo, et. al., 2012).
 Scope: It is also among the important factor in the organization which should be
determined at the early stage in the business. The whole projects deal in finding the
various areas and the better scope of the digital technology in the Brakes Bros Limited
which is very essential for the company in order to increase the number of sales in the
company. It can be said that the project has a better scope in the segment of selling and
marketing.
 Time: It is amongst the most important factor in the organization which is to be
determined at the beginning of the project. There should be proper time management in
the organization for the development of the project in the digitalized manner. It is
necessary to determine this factor in order to achieve the goals of the company at the
desired time phase.
 Quality: It is very crucial for an organization to have better management of quality in the
working of the project in order to achieve the target of the research work. For the purpose
of maintaining the quality of the work, there should be setting of proper goals and
objectives in the organization. This factor is also essential for an organization to attain
better results from the research work(Yoo, et. al., 2012).
 Communication: In undertaking the process of the research work, there is the
involvement of a huge number of stakeholders in the project. There should be
involvement of better communication skills and methods in the ongoing project research.
There will be the use of both formal as well as the informal method of communication
which would show that there is the use of verbal communication for the formal one and
6