TASK 1 1 P1 Development of project aims and objectives

Managing a Successful Business
Project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Development of project aims and objectives.........................................................................1
P2 Development of project management plan that covers various aspects of research..............2
P3 Work breakdown structure and Gantt chart to provide time-frames and stages for work
completion...................................................................................................................................4
..........................................................................................................................................................6
TASK 2............................................................................................................................................6
P4 Conducting a small-scale research by applying quantitative and qualitative research
methods to meet project aims and objectives..............................................................................6
TASK 3............................................................................................................................................9
P5 Analysis of research and data by using appropriate tools and techniques.............................9
P6 Communication of appropriate recommendations to draw valid and meaningful conclusion
...................................................................................................................................................17
P7 Reflection on value of undertaking research to meet stated objectives, own learning and
performance...............................................................................................................................18
CONCLUSION..............................................................................................................................19
REFERENCES..............................................................................................................................20

INTRODUCTION
In today's world, Digital Technology plays crucial role in growth and success of every
business organisation. It becomes an essential part of firm that contributes in increasing its
efficiency and productivity. Almost all the companies begins to adopt digitalization as prime
source for profitability, product differentiation and growth of business. It allows businesses to
unlock ample collection of communication and information data (Assegaff and Hussin, 2012) .
In the present assignment, given organisation is Continental Consulting Limited which is a
business and research consultancy that deals in business process re-engineering. This report
covers establishment of objectives, aims and time frames based on digital technology theme. A
small scale research is also conducted in which appropriate data, information and knowledge is
gathered. Apart from this, meaningful conclusion and recommendations is communicated based
on analysis and findings. At last, reflection is given on value and usefulness of conducting
research to support sustainable performance of organisation.
TASK 1
P1 Development of project aims and objectives
Digital Technology has change the way of conducting business and transform its overall
processes. Over the last few years, it brings drastic changes within organisations and
dramatically transformed traditional business models and activities. The utilization of digital
mobile technology has administered businesses with an opportunity and wealth of choice. It
enables development of innovative products and become existing products to be more profitable
that leads to maximizing diverse product portfolios. It highly impacts on business systems such
as communication, administration, production, storage and distribution. It helps in renovating the
ways by which a firm serve its customers. For example: Adoption of cloud technology by
Continental Consulting Limited enables it to effectively storing, filing and sharing of
information. This assists firm in storing ample amount of data related to business and its
customers. An entrepreneur allows to renew their service model and business strategy in favour
to customers by the use of cloud technology (Chang, 2016).
Project Background:
The key objective of this project is to evaluate “The impact of digital technology
supporting small business growth and innovation”. Continental Consulting Limited is one of the
small-medium firm that deals in business process re-engineering. It aims to upgrade and
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diversify business activities efficiently and effectively. After analysing the need of upgrading
obsolete information technology, firm decided to bring innovation by adopting cloud technology
in business operations to maximize its capabilities. It enables firm in storing, filing and sharing
large amount of information. This helps company in achieving economies of scale and
coherence. However, adoption and execution of digital technology is not easy for business as it
requires to encounter resistance from workforce. So, it is very essential for administrator of
Continental Consulting Limited to motivate and encourage employees to adapt with changes.
They should communicate them about needs and benefits of adopting digital technology in order
to successfully implement it within firm (Cuijpers, Guenter and Hussinger, 2011).
Topic: “The impact of digital technology on supporting small business growth and
innovation”.
Aim: “To determine the influence of cloud computing as digital technology on firm and
its growth and innovation”.
Objectives:
 To determine the concept of cloud technology in business growth and innovation of
Continental Consulting Limited.
 To identify the advantages and disadvantages of using cloud technology in business
processes by Continental Consulting Limited. To ascertain the relationship between cloud computing and business growth and
innovation of Continental Consulting Limited.
Research Questions:
 What is the concept of cloud technology in business growth and innovation of
Continental Consulting Limited?
 What are the advantages and disadvantages of using cloud technology in business
processes by Continental Consulting Limited?
 What is the relationship between cloud computing and business growth and innovation of
Continental Consulting Limited?
P2 Development of project management plan that covers various aspects of research
Project management plan (PMP) is a formal representation that is utilize by managers for
project execution (Deokar and Sarnikar, 2016). It assist firm to determine ways in which a
particular project is to be execute,supervise, managed and ended. It also act a communication
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tool for organisation to ascertain that its key stakeholders are having full understanding of all
details related with a project. In context to Continental Consulting Limited who is planning to
expand its business by adopting digitalization through cloud computing it becomes highly
essential to formulate PMP. It is because through PMP company will be having a proper
guideline to determine its aims, objectives, strategies, employee requirements, manner in which
project is to be recorded, measured and shared stakeholders (Dwivedi, Henriksen and Wastell,
2013). Mentioned below are certain most prominent factors that are required to be analysed
before implementing cloud technology in business :
Scope: Implementation of digital technology at work affect various functions perform by
business enterprise. With concept of cloud computing company can store huge amount of
information and at the same time can ensure smooth transfer of knowledge. Thus, for Continental
Consulting Limited it is of high advantage to implement cloud techniques in its business as it
will help in enhancing individual accounting functions to full IT infrastructure and will assist
company to store and process data in a privately owned server.
Cost: Introduction of new technology in business is always subject to huge investment to
be incurred by a company. Cost of cloud computing technology is subject to price per hour
depending upon Ram in GB and type of server that firm is to opt (Espiner, 2015) . For instance,
Amazon Web Services charges price in accordance to 1000 or 10,000 queries. Thus, for
managers of Continental Consulting Limited is to of vital importance to formulate a proper
budget inclusive of all details related to allocation of finances that each activity requires in
reference to project of applying cloud technology. A sample cost statement is mentioned below:
Total forecasted budget
Particular 2017-18(£)
Implementing technology cost 25000
Training charges 9000
Total cost 34000
Time:Time forms yet another essential constraint that is of high significance to be
determined before starting a new project. Continental Consulting Limited for identifying
probable time period for implementing cloud technology in its various departments can make us
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of critical path method. This method will assist managers to ascertain time taken by each task in
a project and to set priorities for the activities that require critical attention. For instance, The
project of applying cloud technology in context to Continental Consulting Limited will take
approx 7 weeks to get completed (Gitata, 2017).
Risks: Every new addition or alteration that an organisation tends to introduce in its
business is subject to some risks and uncertainties. This makes it important for Continental
Consulting Limited to critically identify all risks that firm could encounter while introducing
cloud technology in its various units. For instance the most prominent one is associated with
company to face resistance from its employees as they new technology will make them to
change their working style. Also this project requires huge capital investment to be incurred by
organization that is another major factor to be considered by managers of Continental Consulting
Limited.
P3 Work breakdown structure and Gantt chart to provide time-frames and stages for work
completion
Work Breakdown Structure (WBS):
It refers to the deliverable oriented breakdown of an assignment or project into smaller
elements. Work breakdown structure is defined as a chart in which all the critical work
components (tasks) of a project are elaborated to represent their relationship with each other and
entire project. Its graphical nature can assist manager of Continental Consulting Limited to
predict results based on different scenarios that ensures that effective decisions are made
regarding whether to adopt suggested changes or not (Grillo, 2014). The primary purpose of
developing work breakdown structure is to eliminate complicated activities to group of tasks.
Managers requires to ensure that tasks should be independent and measurable with clearly
outlined limits. It helps managers in resource allocation, procurement management, project
budgeting, risk management, quality assurance, scheduling, quality control, service oriented
management and product delivery.
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