Project Management Plan : Assignment
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Added on 2020-07-22
Project Management Plan : Assignment
Added on 2020-07-22
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MANAGING SUCCESFULBUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Aim and objective..................................................................................................................1P2 Project management plan.......................................................................................................2P3 Work breakdown structure and Gantt chart ..........................................................................3TASK 2............................................................................................................................................5P4 Research methodologies........................................................................................................5TASK 3............................................................................................................................................8P5 Analysing data.......................................................................................................................8P6 Recommendations ...............................................................................................................14TASK 4..........................................................................................................................................15P7 Reflection on research .......................................................................................................15CONCLUSION ...........................................................................................................................16REFERENCES .............................................................................................................................18Appendices.....................................................................................................................................20
INTRODUCTIONTechnology has completely changed the way of conducting business. There was timewhen innovations were not giving much priority but now, most of the companies are dependenton adoption of new techniques of working. Artificial intelligence and automation are some of thepopular ideas which are assisting many enterprises in performing their operations in an effectivemanner. There are many firms that are allotting significant amount of money to their researchand development department so that they can produce improved goods. ''Best One'' is anestablishment which is operating in the retail sector of UK. This assignment will discuss aboutthe project management plan. A work breakdown structure will also become the part of this file.Various modes of investigation shall be stated in this report as well. Further, recommendationsand own learning will be a part of this study.TASK 1P1. Aim and objectivesResearchTitle:What is the impact of advance application on business performance - Case study on“Best One”Most of the enterprises are receiving little extra edge over their competitors as they haveadopted recent trend applications. It has reduced their administration cost and provide variouskinds of assistance in other activities. Main reason behind promoting innovation is that it directlyhelps in increasing the profit of company. The enterprises that are using updated technique ofproduction are earning more money and their sales is also continuously enhancing. AimThis project will aim at resolving various problems which ''Best One'' is facing in theirorganisation so that they can attain better growth in upcoming time. Its prime target is to enhancethe number of customer by at-least 10% and reduce operational cost by 5%. Technology canassist them in achieving these aggressive goals. This project will study the impact on digitaltechnology on marketing and other operations of company. ObjectivesTo recognise the importance of updating present digital technology 1
To analyse the ways of reducing operational cost by using updated techniques ofmarketingTo understand the impact of digital technology on transformation of business activities Research QuestionWhat types of up-gradations are needed in digital technology.What are updated techniques of marketing.What affect can digital technology make on transforming business.These objectives will become a significant part of this report. In the present scenario,''Best One'' has 550 stores but they have capacity to expand their organisation and improveoperational work. By doing aggressive marketing they can become a big corporation in shortperiod of time time. Digital technology will play an important role in their growth as it canreduce their administration and operational cost. Background of project – Effective communication is essential for growth of thebusiness. Most of the firms face different types of conflicts in organisation because they fail tocommunicate in a proper manner. When management asks managers to convey a message theyuse in messaging soft-wares, it helps in sending complete information without missing any dataor important content. P2. Project management planPlanning for every work is very important because it can minimise the amount of risk andhelp manager in optimum utilisation of available resources. This plan will cover variousactivities and essential requirements for this project:Scope – This program has wide range, mainly it will focus on marketing department butoperational division will also become its significant part. Adoption and up-gradation of digitaltechnology in the organisation will also help human resource wing. New techniques ofcommunication will reduce the confusion between managers, this project will support ''Best One''in expansion of their business. Quality control – Significant amount of focus will be kept in maintaining high quality inthe research. The authenticity of primary and secondary data will be checked in order to getbetter outcome. If researchers fail to record correct information then they can never provide goodreport. Monitoring of whole project will be done in regular interval of time so any kind of2
deviation or mistaker can be stopped at then point of its generation. Gantt chart and data analysiswill help in better understanding of the gathered content. Risk management – One can easily identify the general threats like wrong collection offigures but there are some problems like finding hidden risks. These issues are needed to beaddressed on priority because they can create problems in the whole project. Determiningauthenticity of information will be a big challenge. There is a big question mark on genuinenessof content which is present on internet. Over expenditure on program is a major risk, most of themanager cross the budget which is allotted to them by senior managers of the company. Delayingin the completion of project will be another risk, if these main troubles are not addresses then''Best One'' may fail to use digital technology for solving major problems in their business andthis will also make a negative impact on organisational growth. Cost control – Keeping an eye on expenditure is very important for ''Best One'', they are amedium sized company and they do not have deep pocket like many retail giants. A budget willbe allotted for every activity so overall expenses can be controlled in a proper manner.Monitoring of whole project will be done on continuous basis in order to reduce the wastage ofmoney funds. Normally the fund given by top level management to the manager are enough forcompletion of a project but there are many external factors like hike in taxes etc., they canincrease the cost of programme. Making plan is easier but its implementation hard. 1000 poundswill be cost of this project.Communication – Most of the conflicts in an organisation arise due tomiscommunication. At the time of making plans for using latest technology, manager of differentdepartments will give their views about various matters. Regular communication with theemployees who are part of this project can assure smooth implementation of plans. Theirfeedbacks can resolve the troubles which can arise in execution of ideas. Time – It is important to decide the time for a project because it can help organisation insetting some specific and time-bound goals for the employees. This program will take at-least 6months for its completion. ''Best One'' believe in setting aggressive objectives and theyare have to focus on improving their operation performance for attaining these goals. P3 Work breakdown structure and Gantt chart A company can accomplish a task in better way if they break their the work that isneeded to be done in significant number of part. This will help them in focusing on every3
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