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(PDF) Managing Successful Business Project

   

Added on  2020-10-22

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Managing a SuccessfulBusiness Project

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1............................................................................................................................................1P2:...........................................................................................................................................2P3:...........................................................................................................................................4TASK 2............................................................................................................................................6P4:...........................................................................................................................................6TASK 3............................................................................................................................................7P5:...........................................................................................................................................7P6:.........................................................................................................................................17TASK 4..........................................................................................................................................18P7:.........................................................................................................................................18CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................20APPENDIX....................................................................................................................................21

INTRODUCTIONIn today's world, it is quite crucial to compete business in an effective manner within themarket in order to gain reputation and market share. There are various sorts of techniques thatallows an organisation to conduct various functions of business in an effective manner. The roleof digital technology cannot be undermined in current scenario, thus it is essential thatmanagement of organisation make sure that right kind of digital technology tools are adopted,which will grow and develop organisational beyond a point. Digital technology allows anorganisation to reach to its customers and to grow its market share in the longer run. ContinentalConsulting Limited is an organisation which is engaged in business process re-engineering(Bucero and Englund, 2015). The company provides its services to small and mediummanufacturing organisation in and around London. The company makes necessary research onthese organisations for the drive of addressing the requirements and anxieties of their business inan effective way.TASK 1P1. The current market scenario is changing quite rapidly and thus it can be said that digitaltechnology is essential for any firm to grow and prosper beyond a point. If the same will not beapplied effectively by a company, then it will pose various kinds of difficulties for theorganisation in the longer run. There are certain technologies which an organisation must possesswith itself, if it wants to compete effectively in the business environment (Kerzner, 2011). Thesetechnologies can enable company to effectively manage its business and reach out to largenumber of customers in a very easy manner. Effective technology also can help an organisationto communicate effectively, not only within the business itself but with outside parties as well.Thus, the role of digital technology in small and medium scale business is very large. Thesecompanies will have to implement necessary digital tools as well as techniques in order to comeout strong and effective in a competitive market (Davies and Hughes, 2014). The differentDigital technological tools include various social media websites that an organisation can use forthe purpose of communicating effectively with external parties like customers, suppliers,distributors etc. These includes YouTube, Twitter, Facebook etc. Thus, it can be said that1

innovative digital technology is a vital aspects in the general growth as well as development ofthe organisation in the near future time.Aim: ‘To analyse The impact of digital technology in supporting small business growth andinnovation: A case study of Continental Consulting Ltd'Research Objectives:To examine the influence of digital technology on growth of small sector industry.To assess various aids resulting by the implementation of digital technologies inContinental Consulting Ltd.To determine the relationship between digital technology and business growthofContinental Consulting Limited.Research QuestionsWhat is the impact of digital technology on growth of SME sector business?Explain the various benefits derived by the implementation of digital technologies inContinental Consulting Ltd?Analyse the relationship among digital technology and occupational growth?P2: Application of digital technology is essential for small business in order to grow anddevelop at a competitive market place. This can be achieved through proper implementation ofthe same in an effective manner. This encourages the business firms to finish diverseassignments of undertaking in an appropriate way. The managers of Continental ConsultingLimited put its best keeping in mind the end goal to oversee different costs, resource, quality andfurthermore assess the risk (Epstein and Buhovac, 2014). So as to upgrade the matter ofContinental Consulting limited by implementation of new advanced innovation. It is important todecide the given factor:Scope of Project: Because of execution of new and inventive innovation, it helps to fulfilthe needs and wants of clients. In the present time, there are distinctive opportunities in businessfirms. This will give different opportunities to give diverse kinds of services to its dedicatedclients (Lin and Chen, 2012). Management of Risk: Each business firms are connected with different sorts of exercisesinclude in the ventures which are concerned about all fundamental factor that are incorporatedinto execution of risk. Management of Continental Consulting Limited should take legitimate2

activities to decide the risk and its effect. These developments help to lessen the impact of riskon execution of tasks. As Continental Consulting Limited is a reputed company, along theselines, there is less chances of risk in execution of various sorts of tasks (Eskerod and Huemann,2013).Quality: For the purpose of effectively conducting project and accomplishing the task, itis quite important that right kind of quality of services that are being offered by ContinentalConsulting Limited is maintained in an effective manner. If the quality of services offered will beeffective, then it will be able to satisfy the needs as well as demands of customers in the longerrun. Cost: It involves the cost that would be required for the purpose of completion of projectin an effective manner. The cost has to be incurred by the organisation for the purpose ofcompletion of project and manager has to make a proper budget for the same (Evans andJohnson, 2013).Total forecasted budget2017-18($)Particulars Technological Implementation Cost16000Expenses of Promotion4000Advertising Expenses5500Catalogues 1800Various Training charges7500Total cost34800Time: The project shall be completed in the time period which has been allocated for itby the project manager. The current research on small business and use of digital technology willconsume a whole lot of time and thus, it is essential that the target of time shall be matched in aneffective manner, with the stipulated one. Effective time management ensures that the overallproduction cost will be reduced to an extent and growth can be achieved in the longer run (Evansand Lindsay, 2013). The time that has been allocated for this specific research is around 45 days,within which the research shall be completed.Communication: It is necessary that there is a proper flow of communication among allthe departments of the organisation in an effective manner. If the level of communication ismaintained properly, then it will increase the chances of execution of different projects in the3

longer run. There are various communication resources which are being used by the company forthe purpose of communicating effectively within the business, these include internet, Web basedsystems etc.P3: This research project helps the association keeping in mind the end goal to gathersubstantial measure of information that can assist the top authority of administration to determinepowerful choice which are worried with development of business companies. For effectiveexecution of venture, it is duty of executive to safeguard that all kinds of purposes which areafraid to ventures has been managed in an effective manner (Gustafson, 2012). Keeping in mind,the end goal to plan a compelling activity of thought: essential steps of investigation are assumedunder:Determining the primary feature late study.Literature analysis of the research.Clarification of various types of issues.Determination of thought of ProjectsSample Size ChoicePlan DesignData ValuationVarious kinds of research include all these steps, the research that has been talked aboveis concerned with implementation of digital change within the organisation. ContinentalConsulting Limited is a small business organisation and thus company is conducting a smallscale research for the purpose of assessing the impact of digital technology within the business.For the purpose of completion of this research, organisation has taken a sample size of 20respondents (Forsgren and Johanson, 2014). The action plan that has been set by the researchercan be laid down as follows, this will help in setting of different time for different activities in anefficient manner.4

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