Managing a Successful Business Project

MANAGING A SUCCESSFUL BUSINESS PROJECT
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Table of Contents
Introduction................................................................................................................................3
LO1............................................................................................................................................3
P1 Initiating the project aims along with objectives for the scenario that is chosen.................3
P2 Producing a plan for the project that fulfils the strand of the cost of the project, scope,
time, quality, risk, communication.............................................................................................4
P3 Framing the time with the help of Gantt Chart and constructing a work breakdown
structure......................................................................................................................................6
LO3............................................................................................................................................8
P5 Analysing the research and the data with the help of the correct tools and techniques........8
P6 Communicating proper recommendations as the outcomes of the research.........................9
P7 Consideration of value to meet objectives and learning prospects.....................................11

Introduction
Every business has to develop new projects for the better operation of the business along with
maintaining good competition in the competitive market. Managing the project and execution
of the project successfully is the major area of concern for the organisations because it helps
in enhancing the profit margin of the organisations. In order to understand more about the
benefits of the project management, the project management processes of Hook Norton
Brewery is discussed. The organisation is headquartered in Oxfordshire and it is one of the
small-sized enterprises of UK with 50 employees working under them. The organisation is
launching a new product named as the spicy sandwich so that Hook Norton can deliver it
while delivering beer it to their retail outlets. Since the business of the firm is not widespread,
the firm has to undergo various researches before incorporating the project into their
business. The study focuses on executing the project properly with the fewer funds that the
firm has.
LO1
P1 Initiating the project aims along with objectives for the scenario that is
chosen
Project Management is the process of managing the project in the stipulated time so that the
organisations will gain profit after the implementation of the project in their business (Adler
and Pittz, 2016, p.55). Hook Norton Brewery is launching a new product that requires proper
planning so that the manufacturing of the product and the handling of the limited resources of
the organisation is done accurately. The new project of Hook Norton Brewery involves the
process of proper initiation of the project, planning and executing the project plan correctly.
Finally, the monitoring and controlling the entire project accordingly is done for better
performance. This will help the small-sized firm to complete the project within the funds that
they have along with gaining good profit from the market. As per Alotaibi and Mafimisebi
(2016, p.501), the project management involves the resources, employees and the top
management of the organisation for the better execution of the project. Hook Norton Brewery
involves their less number of employees in the new product manufacturing so that the
organisation can expand their business in the supermarkets. Project management is
advantageous for Hook Norton Brewery because it aids in delivering efficient services to the
customers, improving the satisfaction of the buyers, enhancing the growth of the organisation
along with the employees. In addition to that, it also assists in expanding the services of the

firm. Aragonés-Beltrán et al. (2017, p.490) mentioned that project management is essential
for carrying out the plans for the projects so that it brings great outcomes for the firm.
Hook Norton Brewery understands this fact and thus, works on the right path for increasing
their profit margin. Baptista et al. (2016, p.670) commented that the project is required to be
framed after setting the objectives of the business firm. Hook Norton has set the objective of
expanding their business in the supermarkets. The organisation has the scope of expanding
because the product is an entirely new type of snacks that can be eaten with a beer. The main
purpose of manufacturing the new product is that it can help in gaining good market revenue
for Hook Norton Brewery. In order to have a good documentation of the project, the
organisations have to prepare a presentation that will contain pictures and description about
the current projects. Hook Norton Brewery needs to prepare such documentation and
organise the steps for manufacturing of the item. This will assist the organisation to manage
the entire project suitably so that they launched product can bring huge profit in their
business. Moreover, plan and the order of the steps have to be arranged duly for better
completion of the project. Hook Norton is a small sized enterprise and that is why; it has to
continue the execution of the project with limited resources.
Aim of this project is to expand business of Hook Norton Brewery in local market as well as
global market so that more number of customers can be involved to taste their new snacks
item. Their business is very small and they have struggled a lot to survive in such competitive
market. That is why; magnification of trade and commerce of this brewery is required to be
done in order to ensure profitable outcomes. Apart from this, this company, for successful
operation of business, also commit to maintain good quality of product.
P2 Producing a plan for the project that fulfils the strand of the cost of the
project, scope, time, quality, risk, communication
In order to develop a project plan, certain things have to be kept in mind like identifying
target customers, understanding the scope of the project and setting the quantifiable
objectives (de Araújo et al. 2017, p.460). All these factors will help in understanding the risk
in the project, cost involved in the project execution along with using the required resources
for the project. Initially, Hook Norton Brewery has to plan the time limit that will be required
for the completion of the project. In addition to that, the firm has to assess the costs, risks and
issues involved in the project. The small-scale enterprises have fewer funds, limited resources
and less developed technology (de Guimarães et al. 2017, p.882). Before setting the plan,