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P1 Formulate project aims and objectives for a chosen scenario

   

Added on  2021-02-20

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Managing a successfulbusiness project

Table of ContentsINTRODUCTION.......................................................................................................................................3TASK 1.......................................................................................................................................................3P1 Formulate project aims and objectivesforachosenscenario........................................................3P2 Produce project management plan...................................................................................................4P3 Produce work breakdown structure and Gantt chart.......................................................................6TASK 2.......................................................................................................................................................9P4 Carry out small-scale research by applying qualitative and quantitative research methods.........9TASK 3.....................................................................................................................................................12P5 Analyse research and data using appropriate tools and techniques.............................................12P6 Communicate suitable recommendations to draw valid and meaningful conclusions.......................20TASK 4.....................................................................................................................................................20P7. Reflection on values of undertaken research for meeting stated objectives...............................20CONCLUSION.........................................................................................................................................21REFERENCES..........................................................................................................................................22APPENDIX..................................................................................................................................................24Appendix 1 Log Book.............................................................................................................................24Appendix 2 Performance Review..........................................................................................................26

INTRODUCTIONGlobalization refers to process of interconnectedness or integration of market withinglobal economy which leads to enhanced national economies (Boyle, 2017). It is spread of jobs,information, technology and products across cultures & borders. Globalization is described asinterdependence of nations across globe by free trade. In this report, Nestle is taken intoconsideration that is headquartered in Vevey, Switzerland. It is a transnational drink and foodorganization. This comprises of aims and objectives along with project management plan.Moreover, work breakdown structure and research methods have been discussed through usageof suitable techniques as well as tools. TASK 1P1 Formulate project aims and objectivesforachosenscenario.At present scenario, globalization has become essential for organizations. It assistswithin integration and render services to people (Clinton and Whisnant, 2019). Throughglobalization people aims at attainment of identical goal by which productivity andprofitability can be enhanced. This leads a way to enhanced opportunities. Nestle is lookingforward to combine their resources as well as funds for sustainable image within market. Background of the research:Globalizationis primary business process which will lead to interdependence as wellas increased business growth with respect to competitive market. It also assists withinexpansion of entire business operations. There exists large number of ways through whichglobalization can be practiced like import export relaxation, financial mobilization ofresources and funds, free trade among borders, etc. With respect toNestle, globalization willlead them to make use options through which their sales can be intensified, thereby, higherprofitability can be attained. Major aim is to identify impact of globalization on operationscarried out by Nestle. This created awareness about technological advancement for carryingout business operations in an efficacious manner (Crane and Matten, 2016). Aim:

“To improvise recruitment, selection and training methods of employees toaccomplish International needs of multinational organization- A case study on Nestle”Objectives of the research To scrutinize the concept of globalization with respect to recruitment and training ofemployees. To identify affirmative impact of training and recruitment on overall operations oforganization.To evaluate challenges that is faced by Nestle while entering within global market. Research QuestionsDefine the concept of globalization within recruitment and training of employees?What is the impact of globalization on training and recruitment with respect tooverall operations of organization?What are different disputes or challenges faced by Nestle while entering withinglobal markets?P2 Produce project management plan.Project management plan is an approved document which is taken into considerationby managers for management of enduring projects so that they can be executed in anappropriate manner. This will assist them to create a balance among key stakeholders withrespect to understanding of project (Deresky, 2017). Manager of Nestle needs to take intoaccount major factors so that effectiveness of entire process can be maintained. Thesefactors are illustrated below:Cost:It is the primary as well as very important part of project management plan as itdeals with money associated with resources which is required for carrying out project in aneffectual manner. In this case, management of Nestle needs to identify the entire amountwhich is needed for timely accomplishment of project. The cost which has been occurredwith respect to researcher is 4000 pounds and on behalf of Nestle is 150000 pounds.Scope: It deals with growth and development aspects of business. It contains crucialdetails associated with present & future opportunities through which business operations can

be enhanced (Dutta and Bose, 2015). Management of Nestle needs to develop an effectualmanagement plan to make sure their productivity as well as profitability. It will also assistthem to have stable image within market. They need to hire capable and skilled staffs forenhancing profitability, productivity and sustainability for meeting international marketrequirements.Time: It is the crucial factor which has to be examined by organization as it is doneon the basis of evaluation of time which is needed for accomplishment of project. Thisfactor varies depending on project (Westrenius and Barnes, 2015). An example can be takento understand this aspect like time required by organization to evaluate entire strategiesrelated with entering into a new market is 4-5 months on the other hand researcher will takenear about 1 month to identify the perspectives. Quality: Management and leaders of Nestle need to make sure that whilemanufacturing their services as well as goods standards for quality must be set. This willassist them to have their strong image in market (Glukhov, Ilin and Levina, 2015). In thiscase, they also need to take into consideration different environmental aspects. Similarly,researcher has used feedback and internet methods for collection of data and information in aneffective and efficient manner.Communication: It is indispensable process which is associated with transfer ofinformation and data from one level to other depending upon requirements of business. It isimperative process which makes sure effective functionalities of business. Management ofNestle needs to have effectual communication strategies for guiding and directing theiremployees for attainment of identical goals. It will also assist them to complete theiractivities in stipulated time frame. Risk: It is a crucial element which is associated with almost every entity and willhave strong impact on functionalities of organization. Firms have to take risks as withoutthis they won’t be able to have innovative as well as unique services for their customers(Hillary, 2017). With reference to this, management if Nestle needs to identify theopportunities which are available within market and examine the risks associated with same.

In order to carry out project, researcher has faced various risks in terms of money, time periodand bad response of participants for collecting data and information. Resources: They are the fundamental aspects and reason for survival of organization.These are essential needs of business which aids them to conduct their operations withintimely manner. For this, management of Nestle have ensured that have highly skilled andwell qualified employees who are working on their projects (Westney, 2017). The resourcesinclude human capital, cost, raw material, tools, technologies, etc. For carrying out project,researcher needs proper information, time and funds for collecting proper data and information.P3 Produce work breakdown structure and Gantt chart.WBS is a essential tool which aids management to break complex processes or activitiesinto smaller sub sections which can be easily attained (Huntington, 2018). It assists to identifycrucial factors like time estimates, overall cost and other essential needs of projects. It is an easyprocess which is responsible for making activities manageable as well as attainable. This tool canbe applied in any field as it is linked with identification of key aspects of projects in which risk isinvolved.

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