Managing a Successful Business Project Assignment - (Solved)

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.