Managing a Successful Business Project

MANAGING A SUCCESSFUL BUSINESS PROJECT 2018
MANAGING A SUCCESSFUL BUSINESS PROJECT
UNIT LEVEL 6
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MANAGING A SUCCESSFUL BUSINESS PROJECT
Table of Contents
Introduction......................................................................................................................................3
Task 1: Establish project aims, objectives and time frames based on the chosen theme (D1)........4
P1 Devise project aims and objectives for a chosen scenario......................................................4
P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources..............................................................................................4
P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and stages for
completion....................................................................................................................................9
Task 2: Conduct small-scale research, information gathering and data collection to generate
knowledge to support the project (D1)..........................................................................................11
P4 Carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives.................................................................11
Accuracy....................................................................................................................................12
Reliability...................................................................................................................................12
Task 3: Present the project and communicate appropriate recommendations based on meaningful
conclusions drawn from the evidence findings and/or analysis (D2)............................................13
P5 Analyze research and data using appropriate tools and techniques......................................13
P6 Communicate appropriate recommendations as a result of research and data analysis to
draw valid and meaningful conclusions.....................................................................................18
Task 4: Reflect on the value gained from conducting the project and its usefulness to support
sustainable organizational performance (D2)................................................................................19
P7 Reflect on the value of undertaking the research to meet stated objectives and own learning
and performance.........................................................................................................................19
Conclusion.....................................................................................................................................21
References......................................................................................................................................22
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MANAGING A SUCCESSFUL BUSINESS PROJECT
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MANAGING A SUCCESSFUL BUSINESS PROJECT
Introduction
The essential aspect of each and every business surrounds the effectual management of the
business performances. This is the fact that the multinationals regulating worldwide is highly
aimed at the aspect of streamlining as well as establishing the performances of accomplished
business in the most effectual manner. This is to accomplish their target goals. In this current
paper, the discussion may center on the factors of dynamic in between function and processes of
the venture. Vodafone is trying to launch their new 5G scheme in the Ireland and it is going to
launch the test sites in Dublin in order to expand their business in foreign countries as
well(irishtimes.com, 2018). Vodafone provides a huge range of communication plans within the
country with beneficial product schemes. As the telecommunication sector is labor-rigorous,
Corporate Social Responsibility (CSR) plays an essential role in the management of the
telecommunication companies. Vodafone is one of the international multi-distribution retail
brands of communication in UK; this assignment sheds light on the influence of CSR on their
business.
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MANAGING A SUCCESSFUL BUSINESS PROJECT
Task 1: Establish project aims, objectives and time frames based on the
chosen theme (D1)
P1 Devise project aims and objectives for a chosen scenario
Aims
The main aim of this business project is to study the telecommunication company, Vodafone
through the prism of Corporate Social Responsibility in order to identify its impact on the host
country.
Objectives
 To identify the way multinational organizations influence the business environment of
the UK
 To analyze and identify the motivators of applying CSR in Vodafone
 To understand the social responsibility issues which are particularly vital to the features
of Vodafone
 To evaluate the influence of CSR in the business of Vodafone in order to promote
financial sustainability and profitability
P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources
A better project plan assists the project manager in order to accomplish the objectives of the
project in a way. To prosperously succeed a project, the project manager needs to have a plan for
that project. The project management plan is explained as the method of the way the
management may control, monitor and execute the project. A project management plan is official
as well as developed ways in order to maintain a project (Kerzner and Kerzner, 2017).
Costs
In order to receive a project as well as to finish it, the project manager of Vodafone needs to
contemplate some essential factor of the project. In addition, the cost is the most essential factor
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MANAGING A SUCCESSFUL BUSINESS PROJECT
of the project. That is why; the project manager of Vodafone, it can be contemplated the cost of
the project. The total cost of this project can be distinguished in the following ways:
 Direct costs: Travel expense, software license, raw materials, consultant fees and labour
 Indirect costs: Telephone charge, company insurance, control administration and office
space
The approximate cost required for this project management is the prime concern of the project
manager of Vodafone. That is why; it has been organized an approximate cost for the project
management.
Activities Cost (£) Time
Staff management 4,000 1st Month
Implementation of the project 5,000 2nd Month
Creating drafts for the plan of
the projects
25,000 3rd Month
Understanding CSR valuation 50,000 4th Month
Total 84,000
Table 1: Project cost and time
(Source: Inspired from Marchewka, 2014)
Time
The project manager when structuring the plan for the project requires to timeframe the work
related to the project growth life cycle. The scheduling indulges with the allotment of the
resources to several tasks of the project in the mapped way. At the time of preparing the
schedule, the project manager requires to decide the duration, ending and beginning for every
activity of the project. For a business project, characteristic of time is essential. Without the
proper time, the project manager cannot attain success at the activities of the project. That is
why; the project manager of Vodafone, it has been organized the time in order to begin as well as
finish the project within the estimated time. That is why; it has been organized the critical path of
the project management. The project may be succeeded within 4 months.
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