Effective Project Management for Business Success

The provided assignment discusses the importance of effective project management for business success. It highlights the need for clear aims and objectives, proper resource utilization, and feasible blueprints to achieve maximum appropriateness towards working. The document also emphasizes the role of structural alignment in successful project portfolio management. Additionally, it covers various research papers on business process management, knowledge management, and project governance. The assignment concludes that organizational managers must set down clear aims and objectives with questions and feasible blueprints to ensure the success of their projects.

Managing a Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Project aims and objectives...............................................................................................1
P2 Project management plan that covers cost, scope, time, quality, communication, risk and
resources.................................................................................................................................2
P3 Work breakdown structure and Gantt Chart.....................................................................4
TASK 2............................................................................................................................................7
P4 Small scale research by applying quantitative and qualitative research methods.............7
TASK 3............................................................................................................................................9
P5 Analyse research and data using appropriate tools and techniques..................................9
P6 Recommendations...........................................................................................................15
TASK 4..........................................................................................................................................16
P7 Reflection........................................................................................................................16
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................17

INTRODUCTION
Business projects need to be appropriate and specific in nature which enable management
and organisation to accomplish their targets properly (Jeston and Nelis, 2014). Management of
business projects successfully is a major consideration for every business manager where they
need to align their activities. Thus, whenever any new or modified project leads to take place
managers have to make things properly and appropriately. This project is based on digital
disruption and transformation that lead to take place in Pinion activities. In this project, business
project needs to frame out all major aims and objectives properly so that a blueprint leads to
settle down. With this aspect, all resources are required to utilise in an appropriate and suitable
manner so that effectiveness could be managed and maintained with successful implementation.
It will also look upon information gathered and its analysis with interpretation for determining its
cause and impact. All these lead to get underpin on business and its operations properly.
TASK 1
P1 Project aims and objectives
To survive at marketplace for maximum period of time, it is essential for them to use
digital methods as this enables them to take benefits from competitors in market. As a result,
they will easily capture attention of numerous individuals towards them (Polonsky and Waller,
2014). It is must for manager to provide training to workers; therefore, they will complete
working operations in a significant manner.
Background of project: Each organisation has to manage entire operational activities in
an effective manner. This will aid to improve production and profits of firm so that they will take
benefits from rivals at marketplace. If company is doing their work in a systematic way then,
they will easily gain positive results. In recent times, it is required for company to use
digitalisation methodologies into business as it enables to increase sales and market share. But
after application of this, certain types of challenges will be face by affiliation. Like if, staff
members are not trained appropriately then, this will affect working operations and in addition,
there will be some employees who never want to accept changes in premises. To overcome from
this, some kind of seminars or sessions will be organised by manager. It will help to define
benefits of digital techniques or methodologies (Verzuh, 2015).
Present assignment is based on Pinion, which is a watchmaker firm and providing their
goods and services across the world.
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Aim: “To determine the implications of digital disruption and transformation on business while
considering major challenges – A case study on Pinion”
Objectives:
 To identify the implications of digital disruption and transformation on businesses
 To evaluate major challenges face by an organisation while doing digital activities To determine the opportunities which lead to shape business workforce.
Research questions:
 What are the implications of digital disruption and transformation on business?
 How will a company examine challenges that are facing by them at the time of doing
digital activities?
 How can manager will determine opportunities that lead to shape business workforce?
P2 Project management plan that covers cost, scope, time, quality, communication, risk and
resources
Company needs to prepare project management plan for their business; therefore, they
will conduct entire activities in a significant manner (Kaiser, Arbi and Ahlemann, 2015). It
assists into their growth and enhancement and helps in improvisation of revenues. Hence, there
are many elements which are connected with project management plan, stated as beneath: Scope: In recent times, organisation needs to make their business digitalize as this will
aid them to survive at marketplace for maximum period of time. Almost each firms are
highly depend on digital methodologies to conduct operational activities in an effective
manner. By providing items and services online, they will enhance their market share
significantly. As a result, Pinion will take benefits from contenders in market. As
enterprises are using digitalisation methods so many sort of issues will be facing by them,
like, lack of trained staff members, no proper knowledge about latest techniques etc. Risk management: In context of Pinion, they are much popular in entire world; therefore,
there less risk which is associated with digitalisation. It is essential for employees to
possess requisite knowledge about market trends because this enables them into their
growth and improvement. To manage risk, they need to trained workers as this will help
them to reduce disruption while using latest techniques. Along with, it is must for firm to
modify watches on regular basis because this will help to increase effectiveness of items
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and aid to capture attention of numerous individuals towards them (Too and Weaver,
2014). Quality control: Pinion is selling their products to people online as well. Thus, it is
required for them to maintain quality of their items as this will assist them to maintain
customer base in an effective manner. It will help them to enhance their goodwill as well
as market share in a significant way. There are many kinds of tools will be used by firm
to keep up quality of items, such as scatter diagram, fish bone, histogram and so many. It
assists company to improve sales and they will easily take benefits from contenders in
market. Cost: Organisation needs lots of funds to conduct business with the help of digital
methods. If they are having sufficient finance then, they will easily maintain project.
Along with, to reduce disruption, manager has to provide training to staff members which
will contain high cost (Rosemann and vom Brocke, 2015). This enables them to increase
their working performance and it will reduce unwanted expenditure from business
procedure. Time: There are many types of project which is running by affiliation and to complete it
timely, manager needs to set certain time limit. As a result, they will achieve coveted
targets and goals in an effective and efficient way. This enables them to accomplish
requirements and demands of consumers as per their needs. Along with, they will be able
to compete with rivals at marketplace.
 Communication: It is required for an employer to maintain an effective relations with
subordinates so that they will easily manage change at workplace. It is must for employer
to keep up open communication in premises. Therefore, employees will easily share their
thoughts and views with each other without any hesitation. Along with, management has
to convey them policies and rules of enterprise which need to be followed by them. To
reduce disruption while digitalisation, superior needs to provide proper training to
workers which help to diminish issues regarding this (Somsuk and Laosirihongthong,
2014).
Therefore, by evaluating each things significantly, manager will easily achieve desired goals and
targets. It is must for company to consider each components while formulating project
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management plan so that they will acquire success and growth. This enables them to take
benefits from rivals at marketplace and for this, they will use digitalisation methods.
Illustration 1: Work breakdown structure
(Source: Work breakdown structure, 2018)
P3 Work breakdown structure and Gantt Chart
It is necessary for manager to evaluate views as well as nature of distinctive places. It
will assist them to acquire an effective judgement for association, which will aid them to
maintain brand image in market for maximum period of time. To complete work in a systematic
manner, employer will create a plan for their business. Therefore, staff members will use
available resources effectually (Ebert, 2014). It assists them into their success and will compete
their competitors at marketplace. To conduct research in market, employer will follow some
appropriate steps and these are mentioned as below:
 Determine the difficulties for which superior has to lead investigation.
 Literature review.
 Elaborate problems.
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 Discuss concepts and those terms which are linked with research.
 Respondents.
 Development of a plan in a significant manner.
 Gather entire data and information.
 Analyse collected data.
Therefore, employer has to comprise each points which are stated as above during
research. Here, it is associated with disruption while digitalisation (Christin Jurisch and et.al.,
2014). To reduce it, company will gather viewpoints of others. To alter items and services of
firm, manager if Pinion utilize latest techniques or tools. This will help them to make operational
activities more effective. Along with, they will easily take advantages from rivals at market.
Association will also collect thoughts from some famous authors as this will also help them to
determine to issues after using digitalisation in business. For above stated aim, employer will
take almost 20 persons as answerers randomly. Gathered data as well as information will help
superior into their procedure of decision making. It has been analysed that, an appropriate
judgement will aid firm to survive in market for maximum time span.
Enterprise needs to develop plan in a proper manner which will comprise some essential
things, such as time, cost and so others. As a result, entire work will get completed within
desired period of time. Thus, they will fulfil needs and wants of people as per their demands and
requirements. If manager of firm utilize primary method to gather data and information then,
they need to create a questionnaire for this purpose. Approximately 10 questions were developed
by managers which help them to obtain viewpoint of people. It is not easy for an affiliation to
organise research for maximum number of individuals so that some individuals get selected on
random basis by the employer (Reich, Gemino and Sauer, 2014).
It is must for superior to examine task of staff members on regular basis; thus, they will
complete it within set time limit. As a result, project will get success and growth which help
them to maintain position at marketplace for maximum period of time.
In modern time, it is essential for company to utilize digital tools or methods so that they
will give information to individuals about their products and services. There will be many
workers who never accept changes at workplace; thus, it is essential for superior to cater them
proper session to make them understand about significance of digitalisation. This will assist to
reduce disruption and entire things will get fulfilled timely. Following is the action plan which is
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prepared by superior to reduce any challenges which will be facing by company at the time of
digitalisation (Jeston and Nelis, 2014).
Henceforth, it is must for an affiliation to follow the plan in an appropriate way so that
superior will easily complete work within provided time span. By following this in a systematic
manner, desired goals and objectives will be attained timely. In context of Pinion, they are
selling goods and services online as well which aid them to improve brand image and client base
in a proper manner. Along with, they will easily compete their rivals at market effectively as well
as efficiently.
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TASK 2
P4 Small scale research by applying quantitative and qualitative research methods
Organisation needs to utilize many kinds of tools and techniques so that they will conduct
research in an effective manner. Therefore, they will accomplish requirements and desires of
clients within limited period of time (Polonsky and Waller, 2014). This will help them to obtain
an effective judgement for firm. Hence, there are basically two types of tools which will be used
by company and these are stated as beneath:
 Primary
 Secondary
With help of these methods organisation will easily obtain requisite information which
will assist in procedure of decision making. Pinion is utilizing digitalisation methods which help
them to take benefits from contenders at competitive world. It is required for manager to
determine those problems which are facing by firm after implementation of digital
methodologies.
Primary data: Superior will gather data and information with help of this they will easily
collect required data as well as information in a proficient manner. There are many types of tools
which will comprise into this, such as questionnaire, survey, interview and so forth. It has been
analysed that, data which is collected with help of this, are much realistic and recent. This will
contain lots of time as well as cost (Verzuh, 2015). Manager of Pinion has formulated a
questionnaire which is filled by almost 20 respondents.
Questionnaire
Name:
E- mail:
Gender:
Contact Number:
Q1. Do you think digitalisation enable business to grow and develop?
a) Agree
b) Disagree
Q2. Do you find it difficult to implement the digital technology into business and its
operations?
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a) Yes
b) No
Q3. What will be the future implications of implementing digital technology into business?
a) Positive
b) Negative
Q4. What will be a major challenge behind such implementation?
a) Providing training to employees
b) Utilisation of resources
Q5. What are the opportunities which derive through such implementation?
a) Growth
b) Profitability
Q6. Will this process bring out success consideration to maximise opportunities?
a) Agree
b) Disagree
Q7. Major companies which will involve in digital disruption?
a) Garrick
b) Bremont
Q8. What kind of reflection does this disruption determine for an organisation?
a) Positive
b) Negative
Q9. How will you teach this to all employees?
a) Via internal training process
b) Via external training process
Q10. Any suitable recommendation to deal with such digital disruption and
transformation...
Secondary data: this type of data or information will be collected by superior with aid of
many techniques, such as books, journals, research papers, internet and many more. Foremost
disadvantage utilization of this technique is that, it is not accurate. Through implementing digital
techniques into business, they will easily improve brand image of firm. This aids to gain
attention of numerous individuals towards them. It is required for an affiliation to capture
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attention of numerous individuals towards them. This enables them to improve profits and
market share of an enterprise (Kaiser, Arbi and Ahlemann, 2015).
Data analysis: It is must for organisation to evaluate entire data and information and for
this, they will use quantitative and qualitative methodologies. With help of quantitative analysis,
superior will examine numerical data, whereas, through qualitative technique they will analyse
some pictures.
Research design: This kind of technique is much connected with those policies which are
opt by organisation. It assists to evaluate problems and resolve them as quick as possible.
Research approach: With aid of this attribute, qualitative investigator will create some
theories in an effective way (Too and Weaver, 2014).
Sampling: It can be either probability or non-probability, in this assignment, 20
individuals are taken as a sample size.
TASK 3
P5 Analyse research and data using appropriate tools and techniques
Theme 1: Digitalisation helps business into their growth and development
Q1. Do you think digitalisation enable business to grow and develop? Respondents
a) Agree 15
b) Disagree 5
a) Agree b) Disagree
0
5
10
15
15
5 Column B
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Interpretation: Digitalisation will assist an affiliation into their success and growth. By
acquiring this, they will easily take benefits from competitors at marketplace. From above graph,
it has been understood that almost 15 people are favouring this argument but remaining are not.
Theme 2: Implementation of digital technology in business is not easy by providing training
to workers
Q2. Do you find it difficult to implement the digital technology into
business and its operations?
Respondents
a) Yes 14
b) No 6
a) Yes b) No
0
2
4
6
8
10
12
14
14
6
Column B
Interpretation: This is not much easy for company to implement new or latest methods
into business. To apply changes into working operations effectually, manager needs to provide
training to workers. From above graphical representation it has been comprehended that almost
14 people are in favour of this, but remaining are against this.
Theme 3: Implementation of digitalisation will provide positive impact on firm
Q3. What will be the future implications of implementing digital
technology into business?
Respondents
a) Positive 11
b) Negative 9
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Interpretation: In modern time, company needs to use digital methodologies into
business as this enables them to survive at marketplace for maximum period of time. According
to 11 respondents, this will cater positive affect to business, but remaining persons are entirely
against of this.
Theme 4: By providing training to employees, issues regarding digitalisation will get
diminished
Q4. What will be a major challenge behind such implementation? Respondents
a) Providing training to employees 13
b) Utilisation of resources 7
11
a) Positive b) Negative
0
2
4
6
8
10
12 11
9
Column B

a) Providing training to employees
b) Utilisation of resources
0
2
4
6
8
10
12
14
13
7
Column B
Interpretation: After implementation of digital methods, some type of challenges will be
face by an enterprise. To reduce it, company will provide training to their staff members, it was
stated by 13 respondents. But, remaining persons think that they need to use available resources
in a significant manner.
Theme 5: Growth will be obtained by company with support of digitalisation
Q5. What are the opportunities which derive through such
implementation?
Respondents
a) Growth 10
b) Profitability 10
a) Growth b) Profitability
0
1
2
3
4
5
6
7
8
9
10
10 10
Column B
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Interpretation: With assistance of digital methodologies organisation will be able to
acquire both, profits as well as growth. From above graphical representation, almost 10 people
think that this will help to render growth to affiliation, but remaining think that they will gain
maximum profits with aid of this.
Theme 6: With assistance of digital techniques organisation will acquire maximum
opportunities
Q6. Will this process bring out success consideration to maximise
opportunities?
Respondents
a) Agree 16
b) Disagree 4
a) Agree b) Disagree
0
2
4
6
8
10
12
14
16
16
4
Column B
Interpretation: In modern times, it is essential for company to utilize digital
methodologies at workplace as this will help them to gain maximum opportunities in market.
Therefore, they will survive in market for maximum period of time. Approximately, 16
individuals are favouring this statement but remaining is not in favour of this.
Theme 7: There are many organisations which are involved in digital disruption
Q7. Major companies which involve in digital disruption? Respondents
a) Garrick 15
13

b) Bremont 5
a) Garrick b) Bremont
0
2
4
6
8
10
12
14
16 15
5 Column B
Interpretation: There are various organisations who are using digital techniques in
business and they are facing challenges like digital disruption. According to 15 answerers,
Garrick is facing this kind of problem and they are considered as the foremost competitor of
Pinion. Remaining think that Bremont firm is facing this issue.
Theme 8: Disruption will render positive alterations in firm
Q8. What kind of reflection does this disruption determine for an
organisation?
Respondents
a) Positive 12
b) Negative 8
14

a) Positive b) Negative
0
2
4
6
8
10
12
12
8
Column B
Interpretation: After implementation of digitalisation, some kind of disruption will be
faced by an enterprise which will bring positive changes at workplace because for its removal
superior has to provide training to subordinates that will enhance their skills and knowledge.
From above graphical representation, it has been understood that almost 12 individuals are
favouring this argument but remaining are entirely against this.
Theme 9: Through external training process workers will learn about digital tools and
methodologies
Q9. How will you teach this to all employees? Respondents
a) Via internal training process 8
b) Via external training process 12
15

a) Via internal training process
b) Via external training process
0
2
4
6
8
10
12
8
12
Column B
Interpretation: From above graph presentation, it has been examined that if staff
members get training via extrinsic procedure then, they will easily familiar with digital methods
or techniques. As per 8 respondents, if employees get internal training then, only they will learn
about digital methodologies.
P6 Recommendations
Pinion is a watchmaker enterprise which is much popular in UK and providing items and
services across the world. Therefore, it is not essential for them to alter their policies or
framework on continuous basis. They will enlarge their business in online market and for this,
they need to formulate some policies or strategies. For above stated aim, it is required for them
update their techniques or methodologies. Along with, after implementation of digital tools many
disruption will be face by company. To reduce this type of gap, superior needs to cater training
to staff members so that they will easily complete entire work within provided period of time.
Additionally, it is must for manager to organise some sessions which help staff members to
comprehend need or requirement of digital methodologies at workplace. They need to maintain
open communication in premises as this enables them to diminish complexities.
With assistance of digitalisation, Pinion will easily increase their sales and profits. It will
aid an affiliation into their long term survival in marketplace. It is required for employees to use
entire resources in an effective way so that they will maintain their productivity and profitability
as well.
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TASK 4
P7 Reflection
It is required to accomplish entire work within provided period of time. For this, I will
formulate certain policies or strategies as it enables in improvisation of revenues as well as
production. It is essential for me to examine those issues which are facing by me at the time of
implementation of digital tools and methodologies. I selected almost 20 individuals for the
research to know their views. Moreover, I determined that organisation is having sufficient
amount of finance; thus, they will easily accomplish their work effectually. Entire work was
done by me in a professional manner which helps Pinion into their success and growth. If
employees are much trained then, they will accept changes easily which enable them to increase
revenues.
CONCLUSION
It get concluded from the project that management of successful business projects is a
major thing which needs to be understood by management. But sometimes, several projects
effectiveness need to determine properly for gaining better suited results. In this respect,
organisational managers have to set down clear aims and objectives with questions with feasible
blueprint. Along with this, by utilising resources properly, chances of appropriate
implementation could become possible. On the basis of gathered data, options to derive better
and appropriate decisions become possible so that maximum appropriateness towards working
could be done. Reflection enable in evaluating all strength and limitations which understand
through the projects.
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