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Planning and Development of Plan : Report

   

Added on  2020-07-23

27 Pages5413 Words44 Views
Managing a SuccessfulBusiness Project

INTRODUCTIONTechnology act as an important part in current circumstances of business. The efforts ofthe company to compete in the market for longer duration have been narrowed down toincorporation of the technologies in the business functioning. Irrespective of the size of operationevery organisation is aiming to adopt technological factors into business operation to achievesuperior business position in the market. The introduction of technology in to business operationhave improved productivity and transparency into business operations (Ahmed Dine Rabeh,2013). An associtaion which will be taken into consideration into this segment is Quint group. Itis an technology based organisation catering its services in the finance domain. This report willthoroughly analyse aim and objectives of the study and planning and development of a planwhich encompasses technological advancement in context of this organisation. Lastly, datacollected will be analysed and understood. TASK 1P1 Purpose and target of this reportIt is very necessary to match steps with the environment so that company can prolong itsoperations in the market. The market is continuously evolving, new technology and dynamics aredeveloped on a regular basis so that in order to operate in such an environment is has becomecrucial for a business to adopt to latest trends and technology so to cater the needs andexpectations of the people in an ideal manner. Digital technologies have become a must havecomponents of a business. The incorporation of technology ensures that operations are carriedout in a advanced and efficient manner (Chesbrough, 2010). There are several varieties oftechnologies which are launched in the market and an organisation avails the same depending onthe suitability of business. The company can compete with other organisation on the basis oftechnology. The reason for which digital technologies have been successful is that it can lead topositive outcomes on the organisation. The adoption of digitalisation helps in providing costeffective measures of promoting and marketing of products. The data of prospects is stored andcommunicated so that services can be enlarged. A development of technology goes throughvarious insights which results in a outcomes which provides with better solution to problems andprocesses of business. The small business can be benefited direct this in numerous manner. It canhelp a enterprise in development of a pricecomposition which is lower than the existing one.Other advantages that might be is automations in enterprise operations and ideal information1

storage. Quint unit is an organisation that aids in implementing modification through designingstrategies whichsupports in improving their respective operations. It helps in formulating aroadmaps aids in proper transitioning of enterprise operations. The organisation is now lookingforward to develop a mobile software which will allow prospects to successfully manage theiractivities and operations through their Handsets. Topic: Influence of digital tools in helping small business development and creativity. Background of this project: It is necessary to evaluate the external market and to incorporate changes which areessential for a business for its survival. The dynamics of market affect the business operation in aslow and profound manner. To incorporate a change, it is necessary for a business to identify keyarea which requires evolution. Market research is conducted to identify the sector which are notable to cater the promised service. The outcomes of research are to be addressed by the companyin an ideal manner. It carries numerous benefits to organisation i.e. times and speed of deliveryof the services can be improved with this service (Crane and Matten, 2016).An organisation can be aware of the needs and expectation of prospects through thisstudy. They are to be fulfilled with adopting suitable measures. The outcomes of research werethat the consumers are facing difficulties in accessing and managing their services and arelooking for an approach which is handy and convenient. Listening to the requirements ofprospects, Quint is looking to develop a mobile application so that the services can bemanipulated from the handset itself and provides a functionality on 24*7 basis. The efforts ofthis small enterprise aims to achieve a desired level of customer satisfaction with initiatives indigital technology sector. The improved customer experience will ensure that more and moreprospects are retained with the organisation. Aim: “To evaluate the impact of modern tools for inculcate creativity and development for asmall size endeavour- A case study on Quint Group Ltd.”Objectives: To ascertain the impact of modern technology on small businessTo evaluate importance of growth for an organisationTo determine the relation between digital tools and development of small size company.Recommendation of various modes through that a business can incorporate digitalisationResearch Questions: 2

what is the impact of digital technology on businesses?How to understand necessity for development and improvement in association?How to analyse relationship between application and ontogeny in small commercialenterprise?Assess the different ways through which an organization is including digitalization inbusiness activities?P2 Project administration ProgrammeReport is defined to be an endeavour undertaken by an organisation to create somethingof value. Whereas project management aims to monitor and manage the proceeding of project insuch a manner that targets established for the project are accomplished. There are variety ofactivities which are included in project management which initiates with planning. Projectmanagement plan aims to establish a blueprint which undertaken activities to be consideredwhile managing activities of the project. It is a documented set of activities which are to becarried out in an serial and orderly manner. The inputs from various stakeholders are taken intoanalyses which formulating a plan for this project. It is the duty of project manager to ensure thatactivities are carried out as planned and turning it into a success (Den Hertog, Van der Aa, andDe Jong, 2010).The differentcomponents which are taken into consideration are cost, scope, time,quality and communication in a project. It is very important for a project manager to give due totime and importance to each of the factors which are mentioned above. The brief description ofthe factors is as follows: Cost: Costs are amount which is paid by the company to successfully launch the servicesinto the market. The organisation can either outsource this task or can formulate a team todevelop mobile application. Opting for either ways will require huge amounts of funds. Thecompany have a achieved a renowned name in the market which will help them in procuringfunds. Time: it is the time assigned by the administration to complete undertaking and set upmobile technology services to consumers. It is necessary to create a time bound project as itprovides them with targets and motivate employees to achieve the same. Every activity is given adefinite amount and should be accomplished in that only to avoid delay. 3

Scope: Scope in projectiongovernance is defined to be activenessthat are condemned tofinish a report. It helps in identification of the tasks which are to be carried out in a timelymanner. Major processes which are covered in scope are planning, controlling and closing. Risk: It is defined to be the uncertainty which is attached to a project. Risk factor whichis attached to this project is lower as mobile application are receiving warm response fromprospects around the world. The digitalisation helped people in sticking to mobiles for a longerduration. Communication: Communication in projects plays a crucial role. It provides a tool tomanager to convey strategies and goals to be considered in this process. The employees workingon a project are communicated and updated on various happening on the project so that they aremotivated to perform with their full potential. Quality control: it is necessary for every organisation to provide right quality of productand services to people. Quint have to ensure that project retains its level of quality as it hascompany's name attached to it. If the company is not able to deliver quality services it mayhamper its brand image in the market (Eckerson, 2010).It is necessary for a business that all the above criteria are met which will help a companyin completing a project in a manner that customer expects. P3 Work breakdown structure and Gantt chartWork breakdown composition is a tool used by organisation to effectively manage aproject. Projects are a complicated process involving lots of factors to be carefully considered.Therefore, it helps in classifying a complex work into various smaller parts for managingelements so that it can be monitored and delivered into a successful manner. It undertakenhierarchical division of activities by allocation a professional and appropriate time to eachactivity. A business organisation adopts this technique to look after every segment of the projectand to complete the same in timely manner. But mostly these project completion tool is used byorganisations operating at a large scale. In smaller organisation projects are either outsourced orformed a separate team with a small number of members. In context of cited organisation, QuintLtd have formed a separate project team which will take responsibility to complete it in an idealand timely manner. Gantt chart is a tool to see the amount of work completion in a project. It uses graphicalmap to describelisting of a specific assignment. This tool is developed by Henry Gantt which4

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