Managing Successful Business Projects Sample
Added on 2020-06-04
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Managing A successfulBusiness project
Table of ContentsINTRODUCTION...........................................................................................................................4PART 1............................................................................................................................................5Project definition.........................................................................................................................5Problem statement.......................................................................................................................5Project strategy............................................................................................................................5Project objectives........................................................................................................................5Performance, cost and time objectives........................................................................................6Deliverables................................................................................................................................7Project scope statement...............................................................................................................7Quality management...................................................................................................................7Risk and resources......................................................................................................................7Success criteria............................................................................................................................7Project assumptions.....................................................................................................................8Implementation plan...................................................................................................................8Work breakdown structure..........................................................................................................8PART 2..........................................................................................................................................10P4 Small scale research by applying qualitative and quantitative research methods...............10PART 3..........................................................................................................................................10P5 Data analysis with the use of appropriate tools...................................................................10P6 Recommendation.................................................................................................................22P7 Reflection.............................................................................................................................22CONCLUSION..............................................................................................................................22REFERENCES..............................................................................................................................24LOGBOOK....................................................................................................................................25
INTRODUCTIONDigital technology is all about using modern tools for accomplishing business activitiesin much appropriate manner in order to gain maximum benefits by satisfying the needs ordemands of distinct clients. Apple is most successful organization at international marketplacewhose main motive is to establish their positive image at marketplace by satisfying the needs ordemands of various customers (Yilmaz and Flouris, 2010). Therefore, assignment is going tohighlight an appropriate process of handling a successful organizational project by consideringnecessary facts or figures. Thus, overall report is based on “impact of digital technology onbusiness activity”. Project management plan consist of cost, scope, time, resources,communication and so on are outlining in this project for attaining set objectives in a definedtime period. Furthermore, an appropriate method is used by an enterprise for analysing theviewpoints of distinct customers about usage of digital technology at workplace. Lastly, projectis all about focussing on suitable path that is adopted by firm for completing large businessassignment.
PART 1Project definitionProject is all about managing thing in best manner by considering necessary facts orfigures. Their main objective is to acquire relevant information about the element which is usedby organization while running their business entity. Along with this, it consist of necessaryinformation related with completing of particular project such as; time, risk, resources,communication, management, cost and so on. Hence, number of elements are falls under this fordesigning an effective project in order to attain set objectives or goals. Problem statementMain objective of this project is to identify the impact of digital technology inorganization success and development. Digital technology is all about using advancedequipments for enhancing the company performance in a minimum time period by consideringrelevant facts or figures. Technology has restructured the functioning of business; everything hasnow changed from ink to binary data. It is the most prudent way to perform the strategies ofbusiness. Project strategyIt has its pros and cons. The human engagement has become less due to the advancementof technology in the business sector (Smith, Gonin and Besharov, 2013). It has it positive aspectsas well as negative too. Thus, Apple is adopting modern technologies for managing their largebusiness project in effective manner. The cost of installing the latest technology is not so cheap,as everything comes with a price, technology is the expensive one. On the other hand it speedsup the function of market as well as individual company. Project objectivesAims :- “Impact of digital technology on business activity”Technology is also a part of business now. The tech companies have to deliver theirproducts with quality as there is also competition within the tech market. Technology is not onlyplaying a significant role in providing the service but it is also a part of market.The digital transformation of business has revolutionized the market by increasing thegrowth of connectivity of consumers with their sellers. It has helped the business to grow to anext level and to stay ruthless and prepared for the upcoming challenges. It is a weapon of mass
destruction in this economic war. Therefore, main objectives of this project are discussed asfollows:- To identify the influence of modern equipments on company performance.To ascertain the benefits of using digital tools for company as well as employees.To analyse the drawbacks of using modern technologies. To identify the relationship between digital technology and profit maximization. After analysing the objectives of an organization its time to design an effective questionsfor understanding corrective questions. Some of the major questions which might arises afteranalysing entire activities are – What is the impact of digital technology on organizational performance?Identify the benefits of adopting modern technologies on organization and employees?What are the drawbacks of using advanced technologies?What are the relationship between digital technology and profit maximization? Performance, cost and time objectivesManaging a large business project is not an easy task due to the involvement of variousfactors which have a major impact on a company performance as well as productivity. In fact,managers of Apple is focussing on various elements while managing a large businessprogrammes in order to control the possibilities of mistakes and errors (Smith, Binns andTushman, 2010). Cost :-Capital is seen as lifeblood for organization because almost entire businessactivities are depend upon this only. Thus, it is essential for organization to reserved sufficientamount funds for managing each or every task in better manner. However, it helps an enterprisewhile running their organization as well as provide best facilities to managers while running asuccessful business project in various regions. Time :- Duration is also consider as most indispensable factor which is must consider byan organization while making their company plans because it helps in creating positive relationswith consumers (Law, Chen, and Wu, 2010). Basically, every consumers wanted to receive theirproducts in a given time frame which shows the punctuality of Apple. As a result company getsucceeded in establishing their goodwill at marketplace by gaining trust or loyalty of clients.
DeliverablesIt has been assessed that while using various advanced tools an organization needs toanalyse all the above questions for making appropriate changes at workplace. Their mainobjective is to offer best services to desired clients in different style which supports anorganization while managing various successful business project. For example; launching newadvanced features of IPhone in new areas. Project scope statementScope:- Initial step is to make an appropriate motive for attaining set objectives or goalsin a defined time frame with the help of appropriate tools or techniques. Major scope of anorganization is to expand their business across the international marketplace by introducingnumber of advanced products which attract minds of maximum clients. Basically, its all aboutdesigning a new or unique mobile phone or outstanding network which may facilitate consumersin various manner. Quality managementApple is famous for its qualitative products due to which company get succeeded ingaining trust or loyalty of maximum customers by fulfilling their needs or demands in a giventime period. Risk and resourcesResources :- According to this element , it has been analysed that company needs toacquire an appropriate resources for running their business entity. For example; employees,manpower, money, plant and machinery, land and building hence forth. It means, company needsto arrange essential elements for various purposes with the help of modern technologies. Risk :- Uncertainty might occurs at anytime without any indication due to whichcompany needs to make plans and policies for controlling possibilities of mistakes or losses.managers of Apple are focussing on designing an effective strategy to manage complex activitiesin appropriate manner (Kowalkowski, Kindström and Brehmer, 2011). Success criteriaAccording to given case study it has been assessed that if company is succeeding inattaining organization goals or targets in a define time period then it shows that organization is
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