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Managing A Successful Business Project

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Added on  2023-02-03

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This document provides guidance on managing a successful business project. It covers topics such as aims and objectives, project management plan, Gantt chart, small scale research, analysis of research and data, and recommendations.

Managing A Successful Business Project

   Added on 2023-02-03

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Managing A Successful
Business Project
Managing A Successful Business Project_1
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Aims and objectives...............................................................................................................1
P2 Project management plan.......................................................................................................2
P3 Gantt chart and work breakdown structure............................................................................4
TASK 2............................................................................................................................................6
P4 Small scale research...............................................................................................................6
TASK 3............................................................................................................................................8
P5 Analysis of research and data................................................................................................8
P6 Recommendation.................................................................................................................14
TASK 4..........................................................................................................................................14
P7 Reflection.............................................................................................................................14
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16
APPENDIX....................................................................................................................................17
Log book........................................................................................................................................17
Managing A Successful Business Project_2
Managing A Successful Business Project_3
INTRODUCTION
Digital denotes as an electronic technology that helps in generating, storing and
processing data at workplace. However, main objective behind installing latest tools is to cope up
with current changes and trends. As a result, numerous of small and medium businesses are
trying to upgrade their equipment’s and machineries (Kowalkowski, Kindström and Brehmer,
2011) . Thus, “Continental Consulting limited” which is a small firm headed by Mario
Bindas as CEO engaged in business Process Re-engineering are aiming to upgrade their
previous technologies. Therefore, whole assignment is going to highlight the foremost agenda of
firm that is “assessing the influence of technology on small business growth and
innovation”. In the beginning of the project, prominent objective of the research will be
explained in order to design an impressive project management plan by considering necessary
elements. Furthermore, work breakdown structure and Gantt chart will be produced for providing
accurate time frame for project. Along with this data accumulation is also outlined in the report
for understanding the opinions of others towards usage of digital technology.
TASK 1
P1 Aims and objectives
Continental consulting limited is a small firm which was started eight years ago and
involved in a Business Process Re-engineering. At that time, their main objective is to offer best
services to small and medium manufacturing firms situated in London and around Greater
London. However, in coming time period there is lots of changes incurred in IT industries which
make the company feel that they are lagging behind. For example; equipment’s, tools and
machineries of selected firm are eight years old and it became obsolete. As a result, one of the
major agenda which comes out in an official meeting is that “upgrading of previous equipment’s
in order to overcome the key weakness” of an organization. Thus, most prominent objective of
the research is to “analyse the impact of digital technology in supporting growth of small
business” (Jeston, 2014).
As a section head of research department in continental consulting limited, it is essential
to design a specific aim of the research in order to move towards corrective direction. Basically,
digital technology is a cluster of various modern and advanced equipment’s which are used by an
organization for handling their business operations. Thus, selected firm is also trying to update
1
Managing A Successful Business Project_4
their old versions of technologies step by step. Therefore, first or foremost aim of Continental
consulting limited is –
Research Aim-
“To determine the influence of mobile technology upon organizational sales and its
goodwill at marketplace: A case study on Continental Consulting Limited”
Research Objectives- To analyse the concept of mobile technology. To determine the impact of mobile equipment’s upon company sales and its goodwill. To ascertain the contribution of mobile technology in the growth of Continental
Consulting limited. To identify the relationship between mobile technology and company sales.
Research questions-
Explain the concept of mobile technology?
How the mobile equipment’s influence company sales and its goodwill? What is the contribution of mobile technology in the growth of Continental Consulting
limited?
What is the relationship between mobile technology and company sales?
P2 Project management plan
Upgrading of digital technology is a really complex procedure due to the technical
features and signs which are not easy to understand by unskilled employees. Thus, it is essential
for managers of Continental consulting limited to design an appropriate plan for entire research
in order to manage things in a suitable way. Mainly, it consist of all the necessary elements
which will be consider by company while updating their digital tools such as; time, cost, risk,
resources, communication, quality and scope ( Hillson, 2017). Hence, detailed description of
these components are discussed as follows-
Scope – As per the section head and CEO of an organization, company wants to update
their past technologies in order to implement current changes at workplace. However, IT
industry is having a wide scope across the globe due to the emergence of modern
equipment’s such as mobile applications are used for connecting people at international
platform. In fact, IT industries are coming with more and more options for Business
process such as; computer technology is a maximum usage tool that is utilized by
2
Managing A Successful Business Project_5
corporate world for storing authentic data. Therefore, an organization is having numerous
of opportunity to upgrade their tools by analysing the current changed market in order to
attain their prior set agenda ( Fisher, 2011).
Cost – Capital is considered as backbone of business operations because almost entire
organizational activities are depending upon funds. For example; hiring of skilled or
experienced employee requires high amount of salary, buying of latest technology
consume maximum range of cost and so on. Thus, it has been understood that company
needs to forecast their budget before implementing their plan at workplace as it helps in
minimizing the additional cost. However, current project of Continental Consulting
Limited is going to consumer approx. 1000GBP in which some of the necessary expenses
that might covered is explained below-
Expenses Amount (GBP)
Cost of Employer (dual role) 100GBP
Cost of software/ machinery 200GBP
Installation charge 150GBP
Testing procedure 250GBP
Additional expense 300GBP
Total 1000GBP
Time- According to given scenario company is lagging behind as compared with current
market as they are having eight-year-old tools because of which managers needs to set
specific time frame for completing their updating project. In fact, time is really crucial
factor for organization as it is essential to meet the current demands of customers rapidly
in order to establish their image at marketplace. Therefore, after assessing budget of the
project it has been understood that around 6 months will consume for completing the
research (Doherty , Ashurst and Peppard, 2012).
Quality – Installation of digital technology is a long as well as complex procedure which
requires high range of funds, skilled employees, proper planning and so on. As all these
factors aids in managing entire activities but on the same time quality measurement is
also most indispensable element in this process. Basically, main objective of quality team
is to control the probabilities of errors that might incur while continuing the process of
3
Managing A Successful Business Project_6

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