[PDF] Managing a Successful Business Project Assignment

Added on - 11 Jan 2021

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Managing a SuccessfulBusiness Project
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Analysis of project aims and objectives............................................................................1P2 Project management plan that covers different aspects including cost, time, scope, risk,resources and communication...............................................................................................3P3 Gantt chart and Work breakdown structure......................................................................5TASK 2............................................................................................................................................7P4 Carrying of small scale research via application of quantitative and qualitative techniques7P5 Analysis research and data using appropriate tools and techniques................................10TASK 6..........................................................................................................................................19P6 Communication of appropriate recommendations to draw valid conclusions................19TASK 4..........................................................................................................................................20P7) Reflect on the value of undertaking the research to meet stated objectives and ownlearning and performance.....................................................................................................20CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21APPENDIX...................................................................................................................................22
INTRODUCTIONDigital technology can be describe as electronic technology that stores, process andgenerates information in forms of two ways i.e. positive and negative. Digital technology haschanged or transformed nearly all aspect of modern life. Entertainment, work, travel,communication and shopping are some of the best fields that have been reformed in actual timeperiod. It's now rare to evaluate piece of machinery and an electronic device that doesn'tincorporates advanced technology or tool in some way (Amshoff and et. al., 2015). In this report,digital technology project will be implemented by Continental consulting Limited in order toupdate obsolete IT division of organisation. It is a research and business consultancy headed byMario Bindas. Artificial intelligence is the chosen digital technology which is important andbeneficial for the company to automate its services. This report is based on different partsincluding project aims and objectives and project management plan. Work breakdown Structureand Gantt chart will also include in this report for identifying time duration of projectcompletion. There are different tools and techniques of data collections is used such asqualitative, quantitative, research design etc. that are essential in successfully completingresearch activities and carry out appropriate findings.TASK 1P1 Analysis of project aims and objectivesDigital technology refer to technological devices that are more faster, compact, lighterand versatile. Different amounts of data can be stored remotely or locally and moved aroundvirtually. Even the way data has enlarged to include media such as video, audio, and photos(Chui, Manyika and Miremadi, 2015). Therefore, digital technology is more essential andeffective for the each and every organisation. It will assist company to communicate allinformation about their business to the large number of customers in single time. Digitalisationplay vital role in improving customers experience, productivity and maintaining strong positionof the company at large scale.Background of the project:Continental consulting Limited is a given organisation in this project which is a businessand research consultancy firm. It was formulated by the Mario Bindas in London, UnitedKingdom. Main business of this organisation is business process Re-engineering and potentialcustomers considering small and medium manufacturing firm. This enterprise was setup 8 years1
ago and the business owner at that period procured the new equipments, information technologyand computerised facilities at that time.Main purpose of this report is to identifying the impactof artificial intelligence on business growth and innovation. Further, to evaluating the importanceof Artificial intelligence on expansion of business operations and functions at large scale.Recently business decided to implement Artificial intelligence as a part of digital technology intheir workplace. It is referred as a branch of computer science that motives to develop intelligentmachines (Dirican, 2015). It is an effective way of making a computer-controlled robot and asoftware think intelligently or quickly, in the same way the intelligent individual think.According to the John McCarthy (Father of artificial intelligence), it is the engineering andscience of making intelligent and effective machines, particularly intelligent computer programs(What is Artificial Intelligence?,2018). Goals of this technology is to create expert system whichshow intelligent behaviour, demonstrate, explain, learn and advise its users. Another objectivesof this technology is to implement individual intelligence in machines that understand, learn,behave and think like persons.Topic:“The impact of digital technology supporting small business growth andinnovation”.Aim:“To identify the effect of Artificial Intelligence on business growth and innovation.A case study of Continental consulting Limited. ”Objectives:To identify the concept of Artificial Intelligence in growth and innovation of Continentalconsulting Limited.To evaluate the impact of Artificial Intelligence on profitability and productivity ofContinental consulting Limited.To ascertain the relationship between Artificial Intelligence and growth of company.Questions:What are the concept of Artificial Intelligence in growth and innovation of Continentalconsulting Limited?How Artificial Intelligence impact on profitability and productivity of Continentalconsulting Limited. ?What are the relationship between Artificial Intelligence and growth of company?2
P2 Project management plan that covers different aspects including cost, time, scope, risk,resources and communicationProject management plan is a written document which talks about aspects through whichproject can be implemented in effective and efficient manner. This works as path way to achievetargets on time and within specified budget. There are different activities associated withperforming project activities. Hence, it is essential to deliver approaches for effectiveimplementation of project for project management plan is used to deliver knowledge tosubordinates (Garnham, 2017). In case of Continental Consulting Limited, this is effective as ithelps to deliver knowledge through which they can implement artificial intelligence in effectivemanner.In order to develop project management plan in the organisation, manager need to applydifferent sources. There is requirement of various financial and non- financial resources such astime which helps to get positive result out of it. There are some risk associated withimplementation of cloud technology. It is essential that managers of Continental ConsultingLimited must consider cost, scope, quality, time etc. in project management plan.Scope- Scope means to analyse growth prospects with the help of artificial intelligence ofContinental Consulting Limited. It is important for managers to perform analysed scope ofartificial intelligence in respect to business operations which help to get ease in working style.With the help of artificial intelligence, Continental Consulting Limited will be able to deal withcomparatively more clients as compared. This can help in provide good quality services with lesspossibilities of defects (Intelligence, 2016). Hence, there is positive impact of artificialintelligence on growth and development of Continental Consulting Limited.Cost- Cost is essential component to be considered while implementing artificialintelligence. Managers of Continental Consulting Limited has to analyse how much funds isrequired and sources to raise such funds. Artificial intelligence is part of digitalisation andfrequent changes are taking place in digitation, hence this method can be costly becauseContinental Consulting Limited has to upgrade their working style. Apart from this, there isrequirement of promotion, advertisement, maintenance and training expenses also. Theseexpenses are discussed as under-Total forecasted budgetParticular2017-18(£)3
Implementing technology cost21000Promotional expense7000Maintenance cost2500Training charges8500Total cost44000In order to get positive results, it is essential that managers must emphasise on reductioncost, so positive results can be generated.Quality- These days quality is important component for client. Continental ConsultingLimited deals in consultancy sector so their is difference in their problems. Hence, withimplementation of artificial intelligence, waiting time for client gets reduced and they get promptand frequent solutions of their problem (Kaplan, 2015). This helps to improve image ofContinental Consulting Limited in industry. Artificial intelligence helps to take feedback fromclient so improvement must be done accordingly.Time- Time required to implement artificial intelligence is approx 109 days or 16 weeks.This is because artificial intelligence must be conveyed in different departments so it can be usedproperly. Continental Consulting Limited can give reliable services with efforts of employees somotivation from managers is required.Communication: It is important and essential components which is required by theproject manager in order to communicate all information to staff members. It is significant forthe organisation to share different information, benefits, new objectives and many other usefulknowledge about new project and plan with its workers (Moro, Cortez and Rita, 2015). There aredifferent ways through which company can maintain their communication among employees,consumer and public such as a social collaboration platform, providing employees regularfeedback, follow video conferencing etc. All, these are most appropriate and essential way of4
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