Managing a Successful Business Project Assignment - Quint Group

Added on - Nov 2020

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Managing a SuccessfulBusiness Project
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Project aims and objectives....................................................................................................3P2 Project management plan.......................................................................................................5P3 Work breakdown structure & Gantt chart..............................................................................6TASK 2..........................................................................................................................................10P4 Research by applying various methods suitable for meeting aims and objectives of project...................................................................................................................................................10TASK 3..........................................................................................................................................11P5 Analysis of research and data by using suitable tools and techniques.................................11P6 Recommendation.................................................................................................................20TASK 4..........................................................................................................................................21P7 Reflection on value of undertaking research to meet objectives.........................................21CONCLUSION..............................................................................................................................21REFERENCES..............................................................................................................................23
INTRODUCTIONDigital technology is one of the effective tool that is being utilized by every business firmin order to grow and maintain their sustainability in this competitive market (Ahmed DineRabeh, Jimenez-Jimenez and Martínez-Costa, 2013). Adoption of digital technology in theirprocesses and operations helps firm in gaining high competitive advantage in market over itscompetitors. In the present assignment, chosen company is Quint Group which offers financialservices to their potential customers. Various factors are being highlighted in this report whichincludes aims and objectives of study with plan development. Apart from this, research isconducted and data interpretation is done in order to draw valid conclusion and provideappropriate recommendation.TASK 1P1 Project aims and objectivesIn current situation, it is very necessary to increase the effectiveness of business as wellas to make it advance & communicate all its activities accordingly. It is considered as aprogressive method in the current market environment where traditional marketing isdiminishing day by day (Trim and Berbegal-Mirabent, 2012). It affects business in positivemanner as it help in doing all exercises and task in structured and systematic way.For instance: With the assistance of cloud computing, Quint Group can filed, store, shareor transfer their data and information easily from one place to another. Along with this, it alsoenables firm to communicate with their potential customers in an effective and efficient mannerat wider level.Topic:The way in which businesses have coped up with major challenges of digitaltransformation and disruption.Background of project:For every business concern, it is essential to expedite changes inside firm premise onconstant basis according to the time. There are various new progression happens in currentbusiness surroundings therefore, it is required by company to change their operations andactivities of business (Chesbrough, 2010). Implementation of digital technology improvesbusiness activities and make their operations effective where firm manufacture high quality ofgoods and services according to requirements and preferences of potential customers. Besidesthis, it isn't required by company to exchange their data and information by Emails that boost up
conceivable outcomes of hacking. But, selection of cloud technology help with gettinginformation secure and minimise the obstruction of outside individuals. By utilizingdigitalisation, it gets simple to enhance procedure of manufacturing as sufficient measure ofinformation gets gathered by different clients. Moreover, mobile technology as well as socialmedia aids in interfacing the business exercises at worldwide level and helps in making theirwork more legitimate and satisfactory (Crane and Matten, 2016). In this manner, at the beginningof any new business venture, it is important to set different objectives and targets according tothe necessities of undertaking for guiding the whole business enterprise to work as indicated bythat.Aim: “To evaluate effect of digital technology on small business innovation and growth - Acontextual investigation on Quint Group Ltd”Objectives:Determination of influence of digital technology on SME.To gauge estimation of growth and development for a firm.To determine the interrelation between development of private firms and advancedinnovation.To determine the ways through which a business concern can embrace advancedtechnology.Research Questions:What are the influence of digitalisation on firm's business?How development and growth can influence business?What is the relationship between technology and growth within firm?What are the various ways through which digitalisation can be adopted by firm in theirprocesses and operations?P2 Project management planProject management plan refers to a design by which all activities and tasks are managedin proper manner (Den Hertog, Van der Aa and De Jong, 2010). By this, managers are enable toframe different plans and strategies so that time and cost of particular activity can be reduced aswell as its effectiveness can be improved. Consequently, administrator can carry out their projectand activities effectively and easily. Quint Group can maximize their profits and can enlarges
their online business easily by using project management plan. So, there are some points thatneeds to be consider by manager of Quint Group which are defined as follows:Project Scope:Scope includes all the description of project plan. It involves diverseopportunities by which firm enables to deal with or manage all the activities appropriately.Along with this, they are effortlessly growing their tasks in online activities and in this way theycan acquire more incomes. By this, they are able to maintain their good position in market aswell as in minds of customers (Gebauer, Edvardsson and Bjurko, 2011).If digital technology isimplemented by Quint group they can store more data related to customers which will help themin maintaining large base of consumers and increasing their storage capacity.Risk management:It refers to the vulnerability that is associated with any businessventure. Various types of risk are connected that is required to consider by Quint Group. Risklevel of firm is high as it is the well established one so, it is required by management todetermine each kind of risk that is associated with business project.Use of digital technologyhelps Quint group in minimising risk as all the work is done by using technology so manualwork is less and it ultimately reduces the chances of happening mistakes.Quality control:They find a way to enhance nature of items. This is critical with the goalthat firm acquire more incomes and can enhance their sales. Quality services are provided bycompany to their clients which helps them in maintaining good relations with them for long term.Digital technology assists referred organisation in providing high quality services to customers.Cost:Cost of the given undertaking is high as the organization is growing their businessand going to deal online, it does not influence their operations much. They have adequateamount of funds in order to manager their activities and operations properly.It will control costof company as use of technology will reduce requirement of manpower and thus the cost ofhiring employees becomes less.Time:There ought to be adequate day and age given for executing the undertaking in aneffective way as it help in creating better outcomes or result. Time utmost ought to be set bybusiness that empower them to achieve all errands and objectives in inside stipulated timeperiod. For fruitful execution of venture, Quint Group must set particular time term so they canfinish all undertaking inside characterized era (Eckerson, 2010).Digital technology assists inreducing time of completion of an activity. It helps Quint group in delivering effective servicesto customers and reduce their waiting time.
Communication:Communication assume enter part in making venture fruitful as it helpadministration in conveying or conveying their message in a viable way. Choice of fittingcorrespondence channel likewise assume enter part in achieving business assignment in anorganized and through way. Not with standing that it likewise help in characterizing the newfield in which affiliation will do their work.Use of technology for communication will makes iteasy to communicate informations quickly.By agreeing all these above expressed point, Quint Group can effectively execute theirtask as it have positive effect on general business exercises worried about advertising, humanasset, activity and bookkeeping.P3 Work breakdown structure & Gantt chartResearch is consider as perfect measure which has been utilised in order to observing oranalysing overall thought and quality of organisation. In order to take project decision making itis essential for business to scan all the external data and content on the basis of which long termplan has been made which allows company to execute their operations in right manner whichfacilitates optimum utilisation of resources in effective manner at less interval of time (Incelli,2013). Proper survey is required at the time of conducting any project for business and there arevarious steps on basis of which finding has been conducted in research which stated below:-First of all identifying whole problem and issues for which research has beenimplemented.Review and analyse the whole literature.Clear description of whole problem and issues.Clearly describe all the methods and mechanism which has been used at the executingany function of project.Population criteria or deciding the ways through which respondent has been used at thetime of conducting whole research.Establishing whole planning process and procedures.Collection and nationalisation of data and information.All the activities has been carried out in which research project has been executed whichis fully based on digital transformation of various business activities. Apart from it, this is veryhelpful for them in order to observing overall opinion of various individuals. Quint group want toinclude digitalise techniques and tools through which they expand their operations through
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