Managing a Successful Business Project

This project analyzes the impact of globalization on Barclays Bank's functional activities, including a project management plan, work breakdown structure, and Gantt chart. It also includes a small-scale research study using primary and secondary data collection methods to analyze the impact of globalization on Barclays Bank's performance, customer base, and operational functions. The project concludes with recommendations for Barclays Bank to expand its business into new emerging markets.

MANAGING A
SUCCESSFUL BUSINESS
PROJECT

INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Project aim and objectives......................................................................................................3
P2 Explain project management plan that includes cost, time, scope, communication, risk,
resources and quality .................................................................................................................4
P3 Explain work breakdown structure and Gantt chart...............................................................5
TASK 2 ..........................................................................................................................................8
P4 Carry out small scale research................................................................................................8
TASK 3..........................................................................................................................................11
P5 Research analysis..................................................................................................................11
P6 Recommendations for this research......................................................................................18
TASK 4..........................................................................................................................................19
P7 Reflection on the research....................................................................................................19
CONCLUSION..............................................................................................................................19
REFERENCES..............................................................................................................................20

INTRODUCTION
Globalisation can be defined as process through which organisations can develop their
international interference on global scale. In other words, it gives advantage to companies or
individuals to wider operational activities in profitable manner (Cincera and Ravet, 2014). This
assignment is going to reveal the concept how globalisation affect functional activities of
organisations. For this purpose, Barclays Bank of UK is taken which operates its business in
more than 42 countries. It offers commercial and financial services to potential customers on
affordable interest rates. To analyse importance of globalisation, specific aims and objectives are
formulated to conduct am appropriate research. With this assistance, certain techniques of
research methodology have used to ascertain perception of users behind the same. Further
appropriate recommendations are given to open business into new emerging market.
TASK 1
P1 Project aim and objectives
Globalisation is considered primarily as economic process of integration and interaction
which are related with social and cultural aspects. It involves products or services, resources,
technology and more, to move business on global level (Baylis, Smith and Owens, 2017). In
general, concept of globalisation can be classified into four main aspects that are – trade and
transaction; adherence of knowledge; migration and outsourcing of employees; funds and
investment movements. In context with Barclays Bank, it is a British Multinational finance
company that headquartered in London, UK. Its business operations is categorised into- personal
and corporate banking, wealth and investment management. It has more than 80,000 employees
who give their for providing effective services to customers.
Topic: “To evaluate the impact of globalisation on functions of a company” A case study on
Barclays Bank.
Aim: “To ascertain the influence of Globalisation on functional activities of Barclays Bank”.
Objectives: The main objectives of this research are described as below:
 To evaluate the concept of globalisation.
 To analyse the influence of globalisation on operational functions of Barclays Bank.
 To identify the issues which occur in Barclays Bank after introducing business on global
scale.

 To recommend ways by Barclays can move business in new emerging countries.
Research question:
 What is the concept of globalisation?
 How globalisation influences operational functions of Barclays Bank?
 What are the issues occur in Barclays Bank after introducing business on global scale?
 What are the ways by which Barclays can move business in new emerging countries?
P2 Explain project management plan that includes cost, time, scope, communication, risk,
resources and quality
Project management plan can be defined as approved document for managing project
execution. It shows actions required for defining, preparing, integrating and coordinating the
entire activities of research (Liang, Ren and Sun, 2015). Thus, in order to analyse how certain
project has to be executed, monitored and controlled as well as closed in efficient manner. In this
regard, managers of Barclays Bank have prepared the following project management plan:- Scope of project: This concept upholds the scope of project that entails benefits a
company gain after attaining its aims and objectives. In context with present project, by
understanding the influence of globalisation on organisational performance, it can
develop better strategies (Nikolova, Kuporov and Rodionov, 2015). This would help in
getting positive impact of globalisation on operational functions and expand business on
global scale. Risk management: Since whatever strategies are made to execute a plan is not initiated
in exact manner. Therefore, it is compulsory for every project maker to make a proper
risk analysis plan and develop a risk log. It will suggest team-members what type of
actions they can take in case of discrepancy. This would help in managing risk and
reducing the chance of project failure also. Quality control: In order to enter into new emerging marketplace, Barclays are required
to concern on controlling and improving quality of services also (Curi, Lozano-Vivas and
Zelenyuk, 2015). By maintaining quality of project, managers gain advantage to achieve
success of business in highly efficient manner. Resource: This component describes resources required for executing the operations of
project plan. It requires sufficient amount of finance, labours, team-members, technology
and more.

 Cost: This component describes the requirement of finance for completing and executing
the research plan in appropriate manner (Turker and Altuntas, 2014) (Kumar, 2015). As
per present scenario, for attaining aims and objectives, researchers require near about
£400. Communication: It refers also main part of PMP where project makers are needed to
adopt effective communication technique. For example: By providing open
communication, team-members can share their ideas with each other for completing task
activities on time, in highly effective manner.
 Time: This component of project management plan describes time duration under which
entire activities will be completed. In context with present project, investigating team of
Barclays Bank requires four to five months.
Thus, all these components of PMP plan aid project makers of Barclays Bank in attaining
aims and objectives in pre-determined time more efficiently.
P3 Explain work breakdown structure and Gantt chart
Since it is difficult to complete and execute major operations of a project management plan
in given period. Therefore, researchers are used to adopt the concept of work breakdown
structure. This system helps in dividing major activities into small manageable parts so that
entire tasks will accomplish in successful manner (Rees and Smith, 2017).

Figure 1Work Break Down Structure, 2018
After dividing major activities into small segments, further researchers have used the
concept of Gantt Chart. It helps in framing each fragmented activity into a timeframe manner. As
per present case, the sub-activities of project management plan is shown in below Gantt Chart.
Here, form problem identification, researchers of Barclays will take near about two days. After
then, selection of suitable topic require maximum five days, setting aims and objectives need 7
days and 12 days for conducting literature review (Gopinath, Helpman and Rogoff, 2014).
Further for research methodology, at least 15 days are required and for data collection, analysis
and withdraw conclusion, 18 days, 20 days and 2 days are required respectively. At final stage,
for submission of project, one day is required.

TASK 2
P4 Carry out small scale research
For conducting an investigation report, project makers have used various research
methodologies to collect, organise and interpret the data (Hussain and et. al., 2015). It includes
research design, approaches, data collection method, qualitative and quantitative methods etc.
Concept of some of these techniques can be analysed in following manner:-
Qualitative research methodologies: this sort of Investigation consist with interpretation
or Collection of data through taking help of perception or the observation is being carried by
people. This method is majorly being implemented by the investigator when the research topic
stage related to behaviour, perception, belief of individuals. taking this investigation method into
consideration can help investigator in concluding or collecting information related to perceptions
that has been carried by people. It has been analysed that this kind of research is used when
there is a small number of respondents. Another benefit of using this method is that it is both
time and cost consuming.
Quantitative research methodologies: a method which is used by investigator when it
comes to discover conclusion in facts or numbers. Investigator utilizes this method and it consist
with ample number of mathematical formulas along with approaches related to stats. Variables
are the numerical values which are being carried out by this method stays mainly authenticated
and pulls out right results as per the requirements of the investigator. Questionnaire, surveys, et
cetera are some of methods which could be utilised by investigator considering qualitative
research method. With the help of this, investigator can easily resolve issues with the numerical
data in specific time frame.
For acquiring relevant information, researchers generally used primary and secondary
techniques of data collection:-
Primary data collection method: It is one of the best methods which provide original
information of a topic. Here investigators are required to conduct survey in own manner for
analysing the opinion of potential users. For this process, a researcher can used online and offline
survey, questionnaire and face to face interview etc. Thus, it would help in collecting reliable

information. But it requires much time and money for conducting investigation (Tseng and
Hung, 2014).
Secondary data collection method: This kind of source is generally used to conduct
literature review in a research. Here views and opinion of different authors are evaluated to
collect data on relevant topic. Such kind of information can be acquired through websites, books,
magazines, newspapers and more, where both published and unpublished data are presented. But
major disadvantage of secondary research is that it is hard to get specific data because on internet
sources, information of a topic is available on thousand of websites (Hair Jr and et. al., 2015).
Therefore, to obtain reliable information is such a difficult procedure.
Total Population: It is the total number of people which have responded when the research
is carried out. For this specific research, hundred respondents are considered and primary
research is carried out according to their responses.
Sample size: As it is impossible to include entire population while conducting an
investigation. Hence, the researcher can take a particular segment or sample of small people from
entire population. Sample size for this present research is 50.
Sampling method: It is stated as a technique through which sample respondents are
selected form entire population. Basically, there are three methods of sampling which offers
different manner to choose desired sample (Bamberger, Meshoulam and Biron, 2014). It
involves stratified, clustered and simple sampling method. From these methods, investigator of
this research have taken simple sampling technique where any individual can be considered as a
part of sample size
As per present scenario, managers of Barclays have used primary method for collecting
the data and analyse it in quantitative manner. For this purpose, 50 respondents are taken to
analyse the opinion of potential customers.
QUESTIONNAIRE
NAME:
AGE:
ADD:
GENDER:
MAIL ID:

Q1) Do you know the concept of globalisation?
 Yes
 No
Q2) Are your aware with impact of globalisation on company’s performance?
 Agree
 Disagree
Q3) Does globalisation help in improving economical situation of Barclays Bank?
 Yes
 No
Q4) What are the main advantages of globalisation for Barclays Bank?
 Enhance customer base
 Increase market share
 Outsourcing the employees
Q5) Does globalisation impact positively on functions of Barclays Bank?
 Yes
 No
Q6) What are the barriers of moving business on global level?
 Political Interference
 Economical Crises
 Social and Cultural influence
Q7) What are the ways to overcome from barriers to operate business in international market?
 Develop effective strategies and policies
 Investment in CSR activities
 Monitor political laws and legislations
Q8) Is it beneficial for Barclays Bank to adopt the concept of globalisation?
 Yes
 No
Q9) Are you satisfied with the services provided by Barclays Bank?
 Yes
 No
Q10). Provide suggestion to Barclays Bank in emerging into new marketplace...

TASK 3
P5 Research analysis
Theme 1: Globalisation is a wider concept
Q1) Do you know the concept of globalisation? Frequency
 Yes 32
 No 18
Interpretation: As per the above graph, it has been analysed that out of 50 respondents 32
appellants said that they know the concept of globalisation. As it benefit companies to interact
worldwide. With the help of globalisation it becomes easier for organisations to increase their
international trade. Whereas, 18 respondents did not know the concept of globalisation.
Theme 2: Globalisation creates a large impact on performance of organisation
Q2) Are your aware with impact osuman.sonif globalisation on company’s
performance?
Frequency
 Agree 28
 Disagree 22

Interpretation: As per the above mentioned, it has been analysed that, out of 50 respondents 28
appellants agree with the fact that globalisation create large impact on organisation performance.
As it helps in technological innovation and facilitates new technological development.
Globalisations help to increase economic output of a company. Whereas, 22 respondents
disagree with this fact and said that, Globalisation ruins local level of economies. It generate
negative competition environment. Also it develop threat to local economies.
Theme 3: Globalisation helps in developing economy of Barclays Bank
Q3) Does globalisation help in improving economical situation of Barclays
Bank?
Frequency
 Yes 40
 No 10

Interpretation: As per the above mentioned graph, it has been evaluated that out of 50
respondents 40 appellants said that globalisation helps in developing economy of Barclays bank.
As globalisation enable rapid growth in credit markets. Globalisation increase long term trade
which include benefit of increase in flow of inward investment. Whereas 10 respondents are not
in the favour, and said globalisation results in crises among banking sectors around the word and
reduce their lending system each other.
Theme 4: Enhancing customer base is the main advantage of globalisation
Q4) What are the main advantages of globalisation for Barclays Bank? Frequency
 Enhance customer base 20
 Increase market share 18
 Outsourcing the employees 12

Interpretation: According to this graph, it has been analysed that out of 50 respondents, 20
think that enhancing customer base is the main benefit of globalisation. While 18 users are in
favour with increase market share and other 12 give support to outsourcing the employees.
Theme 5: Globalisation impact positively on Barclays Bank
Q5) Does globalisation impact positively on functions of Barclays Bank? Frequency
 Yes 30
 No 20

Interpretation: As per the above mentioned graph, it has been analysed that out of 50
respondents 30 appellants are in favour of this fact that globalisation impact positively on
Barclays bank as it benefits them to increase their foreign trade. Whereas, 20 respondents are not
in the favour of this concept they said that there are so many barriers like tax rates and vat rates
of different countries and various other factor that can hamper growth of bank.
Theme 6: Social and cultural influence is the main barrier in front of Barclays Bank
Q6) What are the barriers of moving business on global level? Frequency
 Political Interference 12
 Economical Crises 18
 Social and Cultural influence 20
Interpretation: It has analysed from this graph that social and cultural influence is the main
issue which create barriers for Barclays in moving its business on global scale. Among 50
respondents 20 are in favour with same judgement. While 18 users through that economical
crises is the main issue and other 12 response towards political interference.
Theme 7: Developing strategies is the best way to reduce barriers
Q7) What are the ways to overcome from barriers to operate business in
international market?
Frequency
 Develop effective strategies and policies 20

 Investment in CSR activities 18
 Monitor political laws and legislations 12
Interpretation: As per this graph it has been interpreted that out of 50 users, 20 believed that
developing effective strategies and policies is the best way to overcome from barriers of
globalisation. While 18 respondents think that make investment in CSR activities help in getting
enhancing brand image through which Barclays can easily expand its business market. While
other 12 suggest to monitor political laws and legislations for the same.
Theme 8: Globalisation provides various benefits to Barclays Bank
Q8) Is it beneficial for Barclays Bank to adopt the concept of globalisation? Frequency
 Yes 32
 No 18

Interpretation: As per the above mentioned graph, it has been analysed that out of 50
respondents 32 appellant agree with the fact that it is beneficial for Barclays bank to adopt
concept of globalisation. As it will benefit them to increase their international trade and generate
new consumers worldwide. Whereas,18 responded are not in favour of this they said that if bank
adopt concept of globalisation then it may generate threat of global crises.
Theme 9: Customers are satisfied with the services offered by Barclays Bank
Q9) Are you satisfied with the services provided by Barclays Bank? Frequency
 Yes 40
 No 10

Interpretation: As per the above mentioned graph, it has been analysed that out of 50
respondents 40 appellants are satisfied with the services provided by Barclays bank. They said
that bank delivered most innovative services to them. Also they said that quality of services
produced by bank is of high standard. Whereas, 10 respondents are not satisfy with quality of
services delivered by bank. They said banks are not able to solve their queries on given time
frame.
P6 Recommendations for this research
From this research, it has recommended to Barclays Bank to formulate effective strategies
for moving into emerging marketplace. In this regard, its marketing managers are required to
conduct proper research in order to discover potential marketplace. After discovering new era,
they need to make proper business development plan. It entails resources required for
establishing business into new market area. This would help in getting positive impact of
globalisation for enhancing performance of business. Along with this, launching business into
emerging market era, also give advantage to Barclays to enhance its customer base. Through this
process, it can gain advantage to gain sustainability of business and stay in competition as well.
Apart from above, Barclays Bank need to adopt latest technology for competing in globalisation
era. It should focus on improving operating functions in organisation for better achievement of
set goal and objectives. In order to establish a new business, Barclays Bank has to face issues
related with risk, market, legislation, policy which need to be studied through research and
accordingly make business plan.

TASK 4
P7 Reflection on the research
Working on this project has given me various advantages to enhance my skills and
knowledge about concept of globalisation. When I start this project, I have planned various
strategies and policies to concern on how to achieve aims and objectives. But meanwhile due to
insufficient of funds and other resources, I have faced various issues. It includes low confidence
of team-members, optimising limited resources, stress to complete task on time and more. To
overcome from such process, I have adopted the concept of operational management approaches
like six sigma, lean production and more. This would help in reducing wastage so that entire task
can be completed in given period. Further, by adopting Two-factor Hertzberg theory, I have
encouraged team-members to work in collaboration. Thus, completing this project has enhanced
my skills and make able to take future project and achieve high success.
Under this present research, as I have taken 50 respondents which create various issues,
in analysing and interpreting the perception of all. It has taken much time and efforts for
obtaining the valid conclusion. Therefore, if I got chance to make some improvement in
effectiveness of outcomes then I would prefer to reduce sample size. Through this process, I
would get opportunities to gather more reliable data for addressing issues of present research.
Under this process, I will also make some changes in strategies and use some specific statistical
tools for interpreting the result. It includes pie-chart to represent data as it depicts information in
more clear and concise manner. I will also provide effective training to team-members to
improve and enhance their research skills. This would also help in completing any project on
time with more efficiencies.
CONCLUSION
It has concluded from this project that to gain sustainability of business, it is essential for
organisations to understand the concept of globalisation. This would help in taking business on
global scale and sell product or services across the territorial boundary. Further, in order to
achieve certain aims and objectives, a company requires to make proper management plan. This
will provide a blue print to show in what manner, activities of a project can be executed.

REFERENCES
Books & Journals
Hair Jr, J .F. and et. al., 2015. Essentials of business research methods. Routledge.
Baylis, J., Smith, S. and Owens, P. eds., 2017. The globalization of world politics: an
introduction to international relations. Oxford University Press.
Liang, H., Ren, B. and Sun, S. L., 2015. An anatomy of state control in the globalization of state-
owned enterprises. Journal of International Business Studies. 46(2). pp.223-240.
Nikolova, L. V., Kuporov, J. J. and Rodionov, D. G., 2015. Risk management of innovation
projects in the context of globalization. International Journal of Economics and Financial
Issues, 5(3S), pp.73-79.
Kumar, V., 2015. Evolution of marketing as a discipline: What has happened and what to look
out for. Journal of Marketing. 79(1). pp.1-9.
Rees, G. and Smith, P. eds., 2017. Strategic human resource management: An international
perspective. Sage.
Turker, D. and Altuntas, C., 2014. Sustainable supply chain management in the fast fashion
industry: An analysis of corporate reports. European Management Journal. 32(5). pp.837-
849.
Cincera, M. and Ravet, J., 2014. Globalisation, industrial diversification and productivity growth
in large European R&D companies. Journal of productivity analysis. 41(2). pp.227-246.
Curi, C., Lozano-Vivas, A. and Zelenyuk, V., 2015. Foreign bank diversification and efficiency
prior to and during the financial crisis: Does one business model fit all?. Journal of
Banking & Finance. 61. pp.S22-S35.
Gopinath, G., Helpman, E. and Rogoff, K. eds., 2014. Handbook of international economics
(Vol. 4). Elsevier.
Tseng, S. C. and Hung, S. W., 2014. A strategic decision-making model considering the social
costs of carbon dioxide emissions for sustainable supply chain management. Journal of
environmental management. 133. pp.315-322.
Bamberger, P.A., Meshoulam, I. and Biron, M., 2014. Human resource strategy: Formulation,
implementation, and impact. Routledge.
Hussain, M., and et. al., 2015. Competitive priorities and knowledge management: an empirical
investigation of manufacturing companies in UAE. Journal of Manufacturing Technology
Management. 26(6). pp.791-806.

Project Log Book
Project Logbook
Name:
Project title:
Date:
Update on weekly research/tasks achieved
Points to consider:
What have you completed?
I have evaluated impact of globalisation on different functional activities of
Barclays Bank.
Did you fulfil task requirements?
Yes
Are you on track and within deadlines set?
Yes
Did you need to make any changes to your project management plan?
No
Any risks and/or issues identified?
Points to consider:
Did you identify risks/issues with a lack of skills required for undertaking research/tasks?
Working on this research, I have evaluated that working within a team and gain their trust
for completing the task, consumes much time. This leads to delay in completion of activities
and drive outcomes on time. Therefore, it seems to be a major weakness of mine to work in
team.

Did you identify any additional risks/issues that have an impact on the project management
plan?
No
Problems encountered
Points to consider:
What barriers
did you face?
While
conducting
different
activities of
present
research, the
main barrier
that I have
observed was
analysing
perception of 50
respondents and
draw valid
conclusion
accordingly. So,
it has impacted
negatively on
efficiencies of
given research.
How did you
overcome them?
In order to
overcome from
above
mentioned issue,
I have hired a
statistical officer
and give
responsibility to
interpret result
on the basis of
different
respondents.

New ideas and change of project direction
What have I learnt about myself this week?
Points to consider:
How did I feel when I had to deal with tasks/problems? Did I find it useful to complete the
tasks?
By facing issues related to completing activities on time and gain commitment of team,
enhances my skills related to face such issues and resolve them on time.
How well have I performed? What did I contribute? What can I improve on next week?
In order to complete this project within given time duration, I have motivated team-
members to give their cooperation. This would help me obtaining best outcomes of
research on time.
How might this learning apply in the future?
This research have enhanced my skills related to develop a team and work
in cooperation. It would make me able to take challenging roles for
working on future projects more effectively.
Tasks planned for next week
Points to consider:
Which tasks are priority?
Gathering primary information
Have you set aside sufficient time for completion?
Yes
Project plan status to date (on, ahead, behind)

Supervisor comments to address