Managing successful business project plan assignment
Added on 2020-06-06
27 Pages5897 Words68 Views
Managing SuccessfulBusiness
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Project aims and objectives....................................................................................................1P2 Project management plan covering aspects of cost, scope, time, quality, risk andcommunication............................................................................................................................3P3 Breakdown structure and Gantt chart to provide stages and time frames..............................5TASK 2............................................................................................................................................7P4 Carry out research with help of quantitative and qualitative methods of research................7TASK 3............................................................................................................................................9P5 Analysis of research and data with appropriate tools and techniques...................................9P6 Appropriate recommendation in context with research to draw valid conclusion...............15TASK 4..........................................................................................................................................16P7 Reflection on the value of undertaking research to meet objectives....................................16CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17APPENDIX....................................................................................................................................18
INTRODUCTIONIn today's modern scenario, number of technologies development rapidly take placewithin the organization which directly impact on whole business activities. Mainly developmentof technologies helps in providing better support in enhancing the overall growth activities(Eckerson, 2010). From earlier time operations of business analysis by individuals but in recenttime every organization consider digital technologies which aid in proving various opportunitiessuch as collecting, analysing and storing huge data. With the help of this, manager easily takesbetter decisions towards the business activities. Along with this, business organization also usesvarious tools and techniques for effectively communicating with their target customers so thatthey can easily satisfy their needs as per requirements. Present research is based on Rolex whoexpand online business activities to take better place in the market. For this, report appliedvarious research methods in order to draw valid recommendations and conclusion. Furthermore,project management plan is also mentioned in this project with its specific aim and objectives. Italso discussed about various tools and techniques of data collection. TASK 1P1. Project aim and objectivesIt is important for an organization to adopt new and innovative technologies to make andoffer quality products and services to its customers due to changing needs at a fast speed. Inrecent time development of technology are take place in business organization rapidly in whichtraditional market segments are continuously comes at decline stage. One of the main impact oftechnology on business activities is that its positive results because it provide better support tothe management in order take right decision within their organization in order to attain positiveoutcomes. Along with this, facility of cloud technologies is also helps in providing betteropportunities to the manager in which they easily share number of data at one place to another inminimum time duration. In this development of technology is also provide better communicationplatform in which firm easily interact with their target customers and also enhance theircustomers base by providing them better services (Crane and Matten, 2016). With the help ofcompany raise overall profitability and productivity also at market place. In this new updatedtechnology required lots of funds which invest in various tools and equipment so that companyeasily operate their business operation effectively and attain better results. In today's modern1
time number of people use social media to interact with each other. By this firm easily reach atlarge number of customers and provide them better services. With the help of this manager easilyfind any kind of various within the business activities and maintain better performance level.(Smith Binns and Tushman, 2010). Basically it aid in increasing overall profit of the company bydelivering quality services to its target customers at market place.Topic: How digital technology affect the operations of business Rolex company.Background of project: Advancement in technology is rapidly taking place in overall business environment andso, it is one of the important duties of firm to adopt new and innovative technologies toeffectively determine the changes in business operations. In this concept of digital technologytotally change the business activities as compare to earlier time. These changes positively puttheir impact on the business organization in which manager of company easily enhance theirproduct qualities and also satisfy customers’ needs as per requirements. With the help of this,company reduces the chances of increasing complexity within business operations. In thiscontext, various technologies and tools are used by the firm to enhance the demand ofdepartment of account which lead in decreasing the chances of hacking data of the business. Forthis, firm uses cloud technology to protect the information and ensure about transformation ofdata at one place to another with more security. With the help of this, manager easily collects allrelevant data to maintain effective production process and deliver quality services to its targetcustomers. By various technologies like social media and other platform aid in increasing thecustomer’s base towards the company and also aid in capturing larger market share from itsrivals. Along with this, it is also important for the manager to set project aim and objectivesbefore starting final project and executing its activities. With the help of this, businessorganization fulfils all project requirements in the most effective manner and also improvesperformance level of business in market (Den Hertog, Van der Aa and De Jong, 2010). Aims: How digital technology affect the operations of business Rolex company.Objectives:To identify the overall effectiveness of digital technology in activities of businessoperations.To assess better implementation of digital technology in business activities.To determine the overall needs of transformation of business activities.2
Research questions:How digital technology is appropriate in modify business activities?Why it is important to executing as well as modification of business activities? How digital technologies take place in operation of business activities?P2. Project management plan covering aspects of cost, scope, time, quality, risk andcommunicationProject management plan is one of the important aspects for an organization which helpsis achieving overall goals and objectives of company in an effective manner. It provides betterdirection at the time of executing operational activities of the firm. In absence of projectmanagement plan, company is not able to achieve its set targets. One of the main advantages ofproject management plan is to complete all the activities in order to achieve long term benefits toits enterprise (Chesbrough, 2010). Furthermore, it helps in providing guidance to the manager inorder to identify cost, quality and resources as well as risk which exist in overall project ofbusiness enterprise. Mainly, project management plan is essential for making an effective andsuccessful project which leads in enhancing the entire performance of project within business.Along with this, it is also important for the manager to take better decision to make a finalproject. In this context, there are some main considerations which help in taking positive actionstowards the project like:Scope of project: In today's market, customers’ needs and technologies are changing at afast speed because in the recent scenario, various opportunities are there to increasegrowth of business in market. It helps in providing number of opportunities to thebusiness organization to make as well as produce the best services to get bettersatisfaction by providing them quality products. At present, selected company providestheir products and services by online platform. Hence, the project’s scope is very wide. Management of risk: Every project of business includes some risks so that it is importantfor the manager of company to assess it effectively before executing activities of project(Ahmed Dine Rabeh, Jimenez-Jimenez and Martínez-Costa, 2013). In this context, Rolexis a popular brand and so, the risk factors is very less within organisation. In this,manager can easily evaluate the risk in order to attain better end results of project andimprove their performance level in market. 3
Quality control: Quality is the foremost aspect for any project because it helps inachieving organizational goals and objectives. In this, it is important for the manager tomaintain better quality to execute their project activities. With the help of this, Rolexeasily offers as well as produces quality services to customers and improves their overallgrowth in market. By attaining higher satisfaction of and users, company directlyenhances their overall profitability level and retain loyal customers.Cost: In this, the cost of project is high as company required various number of financialamount to complete the task. So that it is important for firm to have adequate andappropriate fund to execute all activities of the project in order to attain better outcomes.Time: It is also important for completion effective project that all the necessary activitiesare must be execute and complete in appropriate time which leads in attain positiveresults in most effective manner. Timely implementation and execution of businessactivities help in reducing the project cost which contribute n maximizing the chances ofattaining positive outcomes in a systematic way. In context of Rolex, manager sets timefor the project activities so that they can easily attain better outcomes. Communication: It is more important for every department to communicate effectivelywhich helps in achieving all the set objectives of project. Along with this, it is alsonecessary that all the roles and responsibilities are clear in every department. By this,company easily attains their positive results and make a successful business project. All these are important elements for manager which are included at the time offormulating project management plan. With the help of this, manager easily executes as well asimplements all activities to attain positive outcomes. One of the main advantages of this is toincrease positive brand image of company in market place and define number of advantageswhich help in enhancing the productivity level of firm in the most effective manner (Gebauer,Edvardsson and Bjurko, 2010). In context of Rolex, manager makes effective projectmanagement plan by considering all the activities in an appropriate manner. P3. Breakdown structure and Gantt chart to provide stages and time framesResearch is one of the important activities which plays an important role in project. Withthe help of this, manager of company gathers relevant information, ideas and opinions. With thehelp of this, manager easily takes better decisions about the project and its activities. Main aim ofaction plan is to provide better direction to the manager in order to ensure maximum as well as4
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