(solved) Managing a Successful Business Project (Doc)

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Managing a Successful Business
Project
Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Objectives and aims of project.........................................................................................1
P2. Project management plan which includes aspects of time, cost, quality and communication
................................................................................................................................................2
P3. Work breakdown structure and Gantt Chart in order to set time frames and offer different
stages of project......................................................................................................................3
TASK 2............................................................................................................................................5
P4. Small scale research by applying qualitative and quantitative research methodologies..5
TASK 3............................................................................................................................................7
P5. Examine of research information with right techniques and tools...................................7
P6. Recommendation...........................................................................................................15
TASK 4..........................................................................................................................................15
P7 Reflection on understanding research.............................................................................15
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................17
INTRODUCTION
In today's business environment, digital transformation is considered as most essential
concept which aids a firm in staying competitive. With the growing connectivity among
machines, human resource and more, demand of marketplace is changing rapidly. Therefore, to
keep up and meet demands of customers on time, it is necessary for employers to transform
business into digitalisation. In this context, a report has been prepared to analyse how digital
technology can transform into business. David Michael & Co. has been taken which deals in
food industry. The main aims and objectives of this project has been disclosed in first task on
usage of mobile technology and social media. Other than this, small scale research has been
conducted by gathering information through statistical tools and techniques (Kerzner and
Kerzner, 2017). This assignment also includes a project management plan, Gantt chart and work
break down structure to support research. Further recommendation on whether transforming
digitalisation into business is useful for this company also given.
TASK 1
P1. Objectives and aims of project
Technology has revolutionised for small companies majorly in order to make them able
to keep stay with big industries at same marketplace. Business of small companies are revolving
around technology i.e. from servers to mobile devices. It helps them in developing high
competitive advantages by creating operations using the most appropriate technology. It has
evaluated that main purpose behind integrating technology into business of small enterprises is to
reduce costs of production and operation. Therefore, every business owners use specific software
that enables them to automate functions such as accounting management, record keeping and
payroll etc. In addition to this, employers use technology for creating secure information related
to operation and customers' detail (Hutter and et. al., 2013). It also aids firms in improving
communication process by facilitating various applications like e-mails, websites, social media,
texting and so on.
In context with David Michael & Co. which deals its business in small manufacturing
sector. This firm serves a wide range food flavours i.e. near about 40,000 in worldwide countries
includingUK.Byimplementingdigitaltechnologyinbusiness,thiscompanycanmake
connection with various dealers and customers easily.
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Topic:How digital technology can be transformed into business activities.
Background of research
Socialmediaandmobileareconsideredasthemainaspectofinformationand
communication technology. These digital applications are continuously progressing as well as
creates a benchmark on today's modern business (Goodrich and De Mooij, 2014). These
digitalisation aids small business organisations in improving communications and increasing
productivity as well. In addition to this, it also assists David Michael & Co. in broadening
customer bases by outsourcing business functions.
Aim: “To evaluate the main impact of social media and mobile technology in a small business
organisation for making connection with customers. A case study based on David Michael &
Co.”
Objectives:
To analyse usage of social media and mobile technology in operational activities
To determine needs of social media and mobile technology for making interaction with
customers of distant placeTo identify challenges faced by company while integrating emerging technologies within
business organisation
Research questions:
What are main usage of social media and mobile technology in operational activities?
What are the main advantages of usage of mobile technologies in business?
Whatarethemajorchallengesfacedbycompanywhileintegratingemerging
technologies within business organisation
P2. Project management plan which includes aspects of time, cost, quality and communication
A project management plan is a formal document which used by management of a
company in managing execution process. This type of documents defines all major activities
which are needed to be done for completing a project (The Project Management Plan (PMP).
2015). It also states the way a project is going to be executed, monitored as well as controlled
andclosed by researchteam.Therefore,before integratingemergingtechnologieswithin
business organisation, it is required by managers of SME to develop a management plan in
adequate way by looking out different components. It includes project's scope, time, quality and
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risk which create a major impact on business. In terms of David Michael & Co., a project
management plan for this firm is given below:-
Scope of projects:There is a huge scope of implementing digitalisation into business for
SMEs. It helps employers in minimising costs of operations by outsourcing functions to other
companies of national and international business (Larson and Chang, 2016). With this assistance,
technology allows David Michael & Co. to reach new market era easily.
Cost:This is the main component of any project plan which entails total amount used to
conduct research by management of a company (Ghobakhloo and et. al., 2012). Therefore, it is
necessary for managers to arrange required funds for project makers so that they can carry out
entire activities in proper manner. In this regard, for conducting present task, research team of
David Michael & Co. requires near about 550 pounds.
Quality:It is also considered as essential component which create a large impact upon
entire activities of project. Thus, researchers are needed to focus more on quality of project so
that wastage can be minimised during transformation of digitalisation into business.
Time:In order to increase efficiencies and effectiveness of a project, it seems to be
necessary for investigators to finish all planned activities in predetermined period of time. If any
single activity doesn't complete on time or fails to meet desired outcomes, then it will affect
entire activities of project also. In such conditions, managers are required to change duration of
further activities also which will consumes time and costs also (Pookulangara and Koesler,
2011). Thus, it is required by management of David Michael & Co. to monitor and control
process of each activity so that entire task can be completed on time. Thus, present project may
consumers near about 5 months.
P3. Work breakdown structure and Gantt Chart in order to set time frames and offer different
stages of project
Work Breakdown structure-While conducting a project management plan, investigators
have to conduct various activities which sometime causes many problems (Eckerson, 2010).
Therefore, with the help of WBS technique helps them in dividing different activities into
smaller manageable components. It provides a time framework which entails management of
David Michael & Co. in identifying duration of entire project as well as requirement of cost to
run the same. This process helps managers of this firm in preparing budget plan in a proper
manner.
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