(Pdf) Managing a Successful Business Project Assignment
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Managing a Successful Business Project
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 LO 1.................................................................................................................................................1 P1. Formulating aim and objectives for the selected scenario.....................................................1 P2. Project management plan covering essential aspects............................................................2 P3. Producing work breakdown structure and a Gantt chart.......................................................3 LO 2.................................................................................................................................................5 P4. Application of qualitative and quantitative research methods..............................................5 LO 3.................................................................................................................................................7 P5. Analysing the collected data using appropriate tools and techniques...................................7 P6. Appropriate recommendations and valid conclusion..........................................................16 LO 4...............................................................................................................................................17 P7. Reflecting on the value of research to meet stated objectives.............................................17 CONCLUSION..............................................................................................................................17 REFERENCES..............................................................................................................................19 APPENDIX....................................................................................................................................21
INTRODUCTION Globalisation has become an important part of life of individuals as well as businesses. As trade of businesses at international level is increasing at a rapid pace, there is no question that they must be having many implications from same. There are various ethical impacts of globalisation on businesses; especially in the hospitality sector where employees are in direct contact with customers (O’Neill, 2018). However, these impacts are positive and negative both which plays a crucial role in influencing the operations of business. Globalisation has led hospitality industry like all other sectors to develop economically as well as socially along with making them ethically responsible towards stakeholders so that interests of all can be effectually met and business can be run in a smooth manner. In the present study, being specific, there will be discussion on analysing the positive ethical impacts of globalisation on business operations of hospitality industry with special reference to Hilton hotel, UK. LO 1 P1. Formulating aim and objectives for the selected scenario Aim– To analyse the positive ethical impacts of globalisation on business operations of hospitality organisations – a case study in Hilton Hotel, UK. Research Objectives To identify the ethical implications of globalisation on organisational functions of hospitality sector Toanalysethepositiveinfluenceofethicalimpactsofglobalisationonbusiness operations of Hilton hotel, UK To understand the challenges faced by Hilton hotel due to ethical implications of globalisation Research Questions 1.Whataretheethicalimplicationsofglobalisationonorganisationalfunctionsof hospitality sector? 2.How does ethical impacts of globalisation positively influence the business operations of Hilton hotel, UK? 3.WhatarethechallengesfacedbyHiltonhotelduetoethicalimplicationsof globalisation? 1
P2. Project management plan covering essential aspects Project management plan is mainly a formal document that is prepared not just to keep the activities on track but also, to outline the stakeholders and scope of study so that associated risks can be effectually managed and contingency plans for same can be made. Some essential aspects of project management plan are given as below: Cost– This is the most significant aspect of project management plan which refers to making estimation of overall cost that is needed to complete the project. Costs like labour, assets as well as direct expenses are mainly calculated before implementing the plan. Scope– Before execution of the project, it is crucial to understand its scope first so that its probability to become successful can be assessed as well as results of project can be developed accordingly (Ledford and Gast, 2018). Time– Time is considered to be one of the most essential aspects of project management plan as if it is not given with due consideration, to attain the set deadline of its completion of project is not possible. It is important to specify the duration for completing each activity so that final deadline can be met timely. Quality– There are always some specific standards based on the nature of project that are essential to be complied with to maintain the quality of results. A project has high chances to become a failure if in case quality standards have not been properly followed (Bresler and Stake, 2017). Communication– Along with all other aspects, communication also plays a vital role in making a project successful. It is crucial to clearly communicate about the project management plan considering various working relationships so that associated stakeholders can be made satisfied. Risk– If associated risks of the project are not assessed on time i.e. prior its execution, there is high probability that the project will get failed (Quinlan and et.al., 2018). Therefore, all possible risks should be identified and assessed first before implementation of the project which is an important aspect of its management plan so that chances of getting failed can be reduced. Resources– To have sufficient availability of resources like manpower, finance and physical is significant so that all activities required for the completion of project will effectually be run and there will be no delay in achieving the results of same (Humphries, 2017). 2
P3. Producing work breakdown structure and a Gantt chart Work breakdown structure is designed for the project with an aim to have clear division of work among team members specifying their tasks in a hierarchical format so that targeted objectives can be attained in a timely and efficient manner. Gantt chart on the other side is sequential presentation of activities specifying the beginning and end date of each activity to be conducted which helps in meeting the final deadline within stipulated timeframe (Jennings and et.al., 2018). Figure1: Work Breakdown Structure Schedule of activities to be conducted 3
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