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Managing a Successful Business Project Essay

   

Added on  2020-07-22

19 Pages4584 Words169 Views
Managing a SuccessfulBusiness Project

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

INTRODUCTIONBusiness projects need to be appropriate and specific in nature which enable managementand organisation to accomplish their targets properly (Jeston and Nelis, 2014). Management ofbusiness projects successfully is a major consideration for every business manager where theyneed to align their activities. Thus, whenever any new or modified project leads to take placemanagers have to make things properly and appropriately. This project is based on digitaldisruption and transformation that lead to take place in Pinion activities. In this project, businessproject needs to frame out all major aims and objectives properly so that a blueprint leads tosettle down. With this aspect, all resources are required to utilise in an appropriate and suitablemanner 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 itscause and impact. All these lead to get underpin on business and its operations properly. TASK 1P1 Project aims and objectivesTo survive at marketplace for maximum period of time, it is essential for them to usedigital 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 completeworking operations in a significant manner. Background of project: Each organisation has to manage entire operational activities inan effective manner. This will aid to improve production and profits of firm so that they will takebenefits 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 usedigitalisation methodologies into business as it enables to increase sales and market share. Butafter application of this, certain types of challenges will be face by affiliation. Like if, staffmembers 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 fromthis, some kind of seminars or sessions will be organised by manager. It will help to definebenefits of digital techniques or methodologies (Verzuh, 2015). Present assignment is based on Pinion, which is a watchmaker firm and providing theirgoods and services across the world. 1

Aim: “To determine the implications of digital disruption and transformation on business whileconsidering major challenges – A case study on Pinion”Objectives:To identify the implications of digital disruption and transformation on businessesTo evaluate major challenges face by an organisation while doing digital activitiesTo 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 doingdigital 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 andresourcesCompany needs to prepare project management plan for their business; therefore, theywill conduct entire activities in a significant manner (Kaiser, Arbi and Ahlemann, 2015). Itassists into their growth and enhancement and helps in improvisation of revenues. Hence, thereare 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 willaid them to survive at marketplace for maximum period of time. Almost each firms arehighly depend on digital methodologies to conduct operational activities in an effectivemanner. By providing items and services online, they will enhance their market sharesignificantly. As a result, Pinion will take benefits from contenders in market. Asenterprises 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 topossess requisite knowledge about market trends because this enables them into theirgrowth and improvement. To manage risk, they need to trained workers as this will helpthem to reduce disruption while using latest techniques. Along with, it is must for firm tomodify watches on regular basis because this will help to increase effectiveness of items2

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