Managing Projects in the Organisation

This presentation discusses the fundamentals of managing projects and the feasibility of a project's success. It examines Marks and Spencer's business expansion initiative and provides recommendations for market selection and assessment. The presentation also covers project change control and evaluation, methods to measure project performance, and challenges that can cause project failure. References are included at the end.

Managing Project In
Organisation
Task 2

Table of Content
Introduction
Project Scope
Findings
Challenges
Recommendations
Conclusion
References

Introduction
 Project management is a series of operations that are carried out in
order to attain specific goals. Procedures, techniques, abilities,
expertise, and other important information may be applied in these
tasks. The study will go through the fundamentals of managing
projects before delving into the plausibility of a project's
successfulness.
 Marks and Spencer's ability to improve efficiency and retail
operations will be examined in this study. Company wants to
expand their project in South Africa so for this require to make
proper management plan.

Continue…
 The provided report will examine
the firm's current project, which is
a business expansion initiative.
 In several market regions, the
corresponding firm works as a
clothing store.
 M&S was founded in 1884
by Michael Marks and Thomas
Spencer.

Project Scope
 The scope of a project relates to the various technologies and
strategies employed by a company in order to fulfil a specifically
appointed group project or expand on a previous objective.
 In opposition to the characteristics of the COVID-19 outbreak, the
proposed initiative will focus on developing Marks & Spencer in
overseas markets.
 The project management plan will consider either pre- and post-
pandemic company activities, and also important elements of the
operating company.

Findings
 There are numerous opportunities in the sector that the firm may
take advantage of the opportunity to reach massive success. The
below is a short rundown of available options.
 Increased competition for excellent outfits: As a consequence of the
COVID epidemic, the business people in the United Kingdom, and
other organizations across the globe, are experiencing a number of
issues.

Challenges
 A project's failure can be caused by a number of factors. The following are
a few noteworthy reasons:
 Bad Planning: Proper project planning is critical to the success work
completed. Enough efforts and money should be allocated to the activity.
 Poor monitoring: When monitoring is inadequate, a project leader will be
unable to spot project delays, resulting in project delays.
 Poor leadership: The project manager is solely accountable for the
development's successes and failures. Throughout important project
scenarios, the project leader must act as a role model and ensure that
the project is finished according to the stakeholders' expectations.

Methods to measure project
performance
 Two sorts of methodologies can be used to assess the project's
success:
 The Return on Investment (ROI) assesses the success of any
project based on the amount of money invested. For a firm to
succeed, the project's income must be larger than the expenditure.
 Stakeholder Engagement and Support: The performance of the
project may be assessed by the involvement of all stakeholders
and their willingness to help it achieve market leadership.

Project change control and
Evaluation
The organization's organizational change board reviews project
adjustments and enhancements. The firm's board of directors must
assess what modifications may be made to improve the project's
standard and effectiveness. The committee of organizational change
is responsible for overseeing the process of project modifications,
as project alterations in the middle of development might
jeopardize the work that has already been completed.

Recommendations
 Market selecting candidates: Examination helps a corporation to
examine the different production of the country where they desire
to engage in commerce. During testing, all of the qualities and
behaviors of the different markets are analyzed.
 Assessment and collection: After the firm has selected numerous
countries in the previous phases, the organisation makes will begin
to examine and choose the most desirable region from of the listing.

Conclusion
As per the above report it has been concluded that fundamentals
of project management as well as the project's feasibility.
With such a summary of major aspects that impact successful
project, essential project administration concepts and
practices are highlighted. The participation of organizational
units, as well as the function of coordination and control
mechanisms, are summarized in the study.

References
 Malik, A. and et.al, 2021. Managing sustainability using
financial accounting data: The value of input-output
analysis. Journal of Cleaner Production. 293. p.126128.
 Martinsuo, M., 2020. The management of values in project
business: Adjusting beliefs to transform project practices and
outcomes. Project Management Journal. 51(4). pp.389-399.
 Eriksson, D. and Bard, L., 2020. Managing innovation from a
leadership perspective in an IT-consultancy firm-A case study
of Cybercom Group.