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(solved) Managing A Successful Business Project Assignment

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Added on  2020-10-05

(solved) Managing A Successful Business Project Assignment

   Added on 2020-10-05

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Managing A SuccessfulBusiness Project
(solved) Managing A Successful Business Project Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Project aim and objectives.....................................................................................................1P2 Project management plan with cost aspects, scope, time, quality and communication risk..2P3 Work breakdown structure and Gantt chart to provide time-frame.......................................5TASK 2............................................................................................................................................7P4 Small scale research by implementation qualitative and quantitative research.....................7TASK 3..........................................................................................................................................10P5 Evaluation research and data using appropriate tools and techniques.................................10P6 Appropriate recommendation as a result of data and research analysis..............................18TASK 4..........................................................................................................................................19P7 Reflection upon undertakings to attain objectives...............................................................19CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21
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Title: “The impact of digital technology supporting small business growth and innovation-A case study on Continental Consulting Ltd.INTRODUCTIONManaging projects is a set of practice that includes planning, executing or controlling theproject activities so that project can be done in a specific time period. Whereas, digitaltechnology always supports maximum in a firm so that their desired goals can be achieved in alimited time period. In addition to this, it also provides opportunities to firm in delivering theirproducts or services to the maximum number of targetted customers along with putting minimumefforts for it. Therefore, it can be said that digital technology plays an important role in thegrowth and success of each firm. The chosen firm for this report is Continental ConsultingLimited which provides consultancy and re-engineering services to the customers which aresmall and medium manufacturing firms along with headquarters in London. This assignment willdiscuss about the aims and objectives of firm along with implementation of digital technology.Project management plan, WBS, Gantt chart, qualitative and quantitative research methods willalso covered in this report, In last, report will discuss about recommendation and reflections.TASK 1P1 Project aim and objectivesContinental Consulting Limited is a UK based firm which provides supports to the smalland medium manufacturing firms in re-engineering their business process so that highsustainability and profitability can be achieved. Its serving areas are London and greater London.The firm was founded eight years ago with an objective of using latest equipments computers orIT systems so that better consultancy services can be provided to their clients. As the time ispassing rapidly and their eight years old equipments are outdated now so that for it, managementhave decided to upgrading their tools and techniques so that capabilities or skills of firm can beenhanced. Present project report is also based on such upgradation of IT systems which will behelpful for the company in achieving their goals and objectives within the given time period.Topic: “Impact of Digital technology supporting small business growth and innovationAccording to the present situation of Continental consulting limited, It is seems that thereis a requirement of implementation of digital technology which is done through taking support ofits employees (Kiessling, 2011). Therefore, CEO of firm have decided to invest funds for1
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bringing innovation in their business procedures so that they will be able in competing theirrivals in more effective manner.Aim: “Impact of Social Media as digital technology to support small and mediummanufacturing firms in achieving growth and innovation- A case study on Continentalconsulting Limited.”The main objective of this project is to determine the effectiveness of implementation ofSocial media in business procedures of small and medium size firms like continental consultinglimited so that goals or objectives will be achieved in an effective manner (Kowalkowski, 2011).Research ObjectivesTo determine the concept of digital technology in the growth of Continental consultinglimitedTo identify the benefits of social media as a digital technology in supporting small andmedium enterprises.To determine the relationship between social media and growth of Continental consultinglimitedResearch Questions:Do you have knowledge regarding the concept of social media ?What are the benefits of Social media as a digital technology received by ContinentalConsulting Ltd. ?Is there any interrelationship between the growth of Continental Consulting Ltd. andSocial Media Platform?P2 Project management plan with cost aspects, scope, time, quality and communication riskProject management plan is a formal and approved set of documents which is used forcontrolling and executing the projects. In addition to this, it is a document which includesimportant informations about the performed activities, utilised resources, required manpower etc.so that project will be completed in efficient manner. It also provides support to the managementin identifying important aspects like quality, risk, time, cost etc. during the execution of projectso that all related activities performed by project teams in effective manner. These aspects aregiven as under:Scope:Adoption of digital technology always brings profitable results to the company inthe form of enhancing efficiency level of employees maximising the satisfaction level of2
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customers, providing maximum return to the investors on their invested amounts etc. In thecontext of Continental Consulting limited, as they have decided to implementing digitaltechnology in the form of Social media which will help them in attracting a large number ofcustomers through communicating them about their new and innovative products and serviceswhich will be helpful for the firm in achievement of growth and sustainability in themarketplace. Whereas, performing research programme on the topic of impact of social media ingrowth and success of firm by researcher as it will provide more benefits to other smallmanufacturing firms in making modifications in their procedures so that maximum profitabilitycan be gained them in future period. Therefore, it can be said that scope of implementation ofDigital technology is very huge in nature (Pearlson, 2016).Cost: It is also an important aspect because without its estimation decisions which aremade by the managers of Continental Consulting Limited can hampered in wrong manner.Therefore, it is important to maintain appropriate funds so that project activities can be executedin proper manner. Apart from that, Investigator of research programme have demanded amountof 7500 pounds for executing the research programme. In order to accomplish all the projectactivities in effective manner, management should form a budget in which all cost will beallocated on the basis of project. For example, spent amount on the training and developmentprogrammes will be increase the capabilities of employees. A Budget plan is formed as under:Total forecasted budgetParticular 2019-20 (£)Cost of implementation of Digital technology17000Spend amount on the promotional tools7000Posters and Magazines3000Cost of training and development programmes 3500Total cost305003
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Time: This is also an important aspect that should be considered by the managers duringexecution of project activities. Because without estimation of time period activities of projectcan't be carried out in proper manner. Therefore, management of Continental Consulting limitedshould set a limited time frame for implementing Social media platform in their workplace sothat competitive advantage can be gained by them over their rivals within a short time period.For this they can also use critical path so that project activities can be monitored or performedalong with a given time frame. 28 weeks are calculated by the managers of ContinentalConsulting Ltd. for implementing social media whereas, time period of 10 weeks are demandedby the researcher for executing the research programme.Quality: This aspect always provide positive influences on the profitability and growthof organisation. At the time of execution of project activities, quality should be mainlyconsidered by the management of Continental Consulting Limited so that all related functions ofproject can be handled in an effective manner. In order to enhancing the quality of goods andservices, Management should provide better training and development programmes to theiremployees so that quality services will be provided by the firm to their clients. Whereas,researcher should also use qualitative method so that valid conclusion can be provided to themanagement of Continental Consulting Limited at the end of research (Charles, 2017).Risk: It is uncertain in nature and always exists in all business functions which canhamper the project activities in negative manner. These risk can be defined in the form of lack ofsufficient knowledge of employees or funds, improper support of employees etc. Asimplementation of Social media technology also consists a huge risk for which managers ofContinental Consulting Limited should conduct a research programme in advance so that originof risk can be identified and resolved in proper manner. With the help of it, management shouldbe capable in forming suitable plans or strategies which will be assist them in facing futuredifficulties in efficient manner.Communication: It is very essential aspect because if employees will not awareregarding their roles or responsibilities they will not perform their duties in an effective mannerwhich can reduce the profitability or productivity of organisation. Therefore, management shouldconsider this aspect while executing project activities so that expected outcomes will be receivedin the given time period. Through forming effective communication structure in the workplace,management of Continental Consulting Limited will be know about the views and suggestions4
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