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Managing Successful business project INTRODUCTION 1 TASK 11 P1 Project aim and objectives 1 P2 Project management plan 2 M1 4 P3 Work break down structure 5 TASK 27 P5 Application of qualitative and q

   

Added on  2020-06-06

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Managing Successfulbusiness project

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Project aim and objectives ...............................................................................................1P2. Project management plan.................................................................................................2M1 ..........................................................................................................................................4P3 Work break down structure and Gantt chart ....................................................................5TASK 2............................................................................................................................................7P4 Application of qualitative and quantitative research methods..........................................7M2. .........................................................................................................................................8TASK 3............................................................................................................................................8P5 Data analysis by using appropriate tools and techniques..................................................8TASK 6..........................................................................................................................................16P6. Recommendations..........................................................................................................16P7. Reflection of research.....................................................................................................16M3.........................................................................................................................................17M4.........................................................................................................................................17CONCLUSION..............................................................................................................................17REFERENCES..............................................................................................................................18LOGBOOK......................................................................................................................................1

INTRODUCTIONManaging business activities and operations is one of the important task for everycorporate association. It helps managers to accomplish their goals and objectives in an effectivemanner. In order to become competitive, companies now a days are adopting different tools andtechniques like cloud technology. It is a core concept of expanding working activities throughdigitalisation over the globe. It has assumptive that digital tools are one time investment whichaids in getting better future outcomes to a company (Bell, 2014). Digitalisation is a process oftransferring information into innovative format and generating higher revenues. The courseworkis based upon 3Com plc which is a digital electronics manufacturer that is known for itscomputer network. The major objective of company is to build digitalised world by providinginnovative products to customers. Apart from this, study will describe the aim and objective soas to prepare an effective project management plan. Readers will also come to know about workbreak down structure and Gantt chart. TASK 1P1. Project aim and objectives In this modern era, corporate associations are required to adopt digital tools andtechniques in order to boost up their performance and production level. To remain competitiveand successful, firms are using cloud technology for effectively performing in traditional andmodern market. But sometimes, it is difficult to use new technology in working operations intraditional markets (Bennett, 2014). Apart from this, small business entities are rapidly growingin the UK due to globalization or modernisation. Business owners tend to acquire innovativetools of production so as to satisfy needs and wants of customers in the best possible manner.3Com plc is a networking firm which operates to provide high tech equipment with the bestquality. It was found in the year 1979 and defunct in 2010; the main products of 3Com are -network interface controller and switches wireless access points routers, IP voice system andcontrollers. Usually, business unit emphasises on improving market strategies as per the markettrends by considering appropriate facts and data. Furthermore, the firm also focuses on earninghigher revenues by reforming its existing goods as per the needs and demands of overall society.Hence, digitalisation plays a vital role in raising sales and profitability by attaining their goalsand objectives in a pervasive manner. 1

Although, to grasp superior position in the commercial market, business entities have tomake some modifications in their manufacturing process so as to gain high competitive edge.3Com is required to develop computerised innovation in all its working practices withinorganisation. It also needs to produce some new and innovative products so as to attain andretain customers for a long period of time (Brown, 2013). Besides this, organisations can alsoimprove its communication process so as to reach at the global level. Aim – “Impact digitalisation profitability and production level of small businessorganisations: A case study on 3Com”. Objectives – 3Com wants to spread its functions across the world by using vast network ofbestest quality in order to reach large number of customers. Thus, major objectives of this projectare stated as under: - To identify the influence of cloud technology on an organisation. To ascertain the need of transformations of working activities in 3Com. To evaluate the importance digitalisation in growth and vitality of a corporateassociation. Research question: - Q1. How cloud technology can affect a business unit? Q2. What is the need of innovations in 3Com? Q3. What is importance of digitalisation for a growing industry? P2. Project management plan3Com plc is a small business entity which comes up with new innovative products orservices with the use of digital technology. There are various elements that should be consideredto make a successful project- Scope- It considers all those work processes which include all business operations whichare focused on attaining the organizational goals. Major scope of this task is to encouragethe use of digital technology in order to maintain pace of business with the modern oradvanced world. Hence, 3Com plc is coming up with a variety of creative ideas throughreformation and effectiveness. It is accessible for business units to communicate theirideas to achieve the goal of modernization.Cost- All businesses require capital to carry out their day to day operations. Along withthis, money acts as an important asset for every organization in order to carry out the2

transactions without any obstacles or barriers (Cleary, Horsfall, and Hayter, 2014). Forthis, it is very much necessary to cut down the unused cost by using digital technology.For instance: use of computer technology removes the use of paper work which leads toreduction in stationery cost. Managers of 3Com should perform their functions focusingon minimizing the extra cost and wastage. Attention should be made to reduce theunusual manual work by motivating employees towards the use of modern software ortools.Time- Managing time is one of the major decision so that every work should be attainedon time and target of the project is attained in a definite time frame without any wastage.Hence, it is the responsibility of management to motivate their employees towardsachievement of organizational goals and aim through completion of assigned job role inproper time frame while using suitable tools or techniques.Quality- In today's world, customers are the real king of market place. Due to theadvancement of technology, consumers are focused on quality while buying products andservices because they believe that qualitative materials have high quality. Therefore,project management team of company needs to be careful about product’s quality byusing high tech raw materials which help in fulfilling the quality need of buyers. For this,computer facilities, networks and electronic devices provided by 3Com should be of highquality in order to provide quality products and gaining higher level of customersatisfaction. Risk Management- Business environment is dynamic in nature as it keeps on changingwith the time, hence every industry should be ready to face the risks in near futurewhenever it arises without any alarm. Thus, managers are expected to train theiremployees in order to face the difficult situation by encouraging them to make their owndecisions without taking help from others (Crane and Kazmi, 2010). Similarlymanagement must be responsible to handle the risk by making use of digital technologyon the other efforts should be made to reduce it by making various policies or strategies. Communication- Effective communication is very much important in every type oforganization whether it is small, medium or large. Thus, 3com has introduced number oftools or machineries in order to pass important information from high level to lowerlevel. It helps in performing the business process effectively and efficiently without any3

disturbances in the environment. With the introduction of updated technology it isnecessary to opt advanced system to full fill the need of modern business scenario. Resources- Business cannot be carried out without the use of resources such as land,building, labours, machinery, equipments, capital and other assets. Every resources hasits own prominent value and importance. Among all employees are the most preciousasset for every company, as they are the one who will utilize rest of the elements properlyand to its best.Buyers- It is the duty of the company to identify their prospective customers. As it willhelp them to focus efforts in that particular market segment (De Visscher, 2016.). Hence,the 3com have identified their customers and provide proper attention to them. This areaneeds to be properly evaluated as it provides them direction towards achieving the goals.It is the type of buyers that make the organization work towards them, this cannot beignored in any cost.Culture- Organizational Culture determines the attitudes, beliefs and behaviours of theemployees. Hence, it is the responsibility of the company to create their conduciveenvironment for the individuals. The senior management level will share the strategicplan to their subordinates to ensure the success of the operations carried out. Reshapingof culture if necessary allows to adapt the changes in a very effective manner. It allowsthem to give directions to the behaviour of the system and structure. The success is alsodependent on the organizational culture. Therefore, this element should be considered inmaking the project. With the assistance of these elements managers of 3Com can easily develop the activitieswhich are require in a project. It helps managers to set all working activities and tasks. Thus, thefirm can can implement its project in market and achieve high growth in a small time frame.3Com will also enable to assign funds in several areas. M1 The project management plan of the company requires certain steps, such as- identify &meet stakeholders, set goals, define deliverables, create project schedule, determine issues andcomplete a risk assessment, present the project plan to stakeholders and then implement theoverall plan (den Hertog, van der Aa and de Jong, 2010). While regulating the plan, it is essentialfor managers to set certain aims and objectives for which the overall project is developed. 4

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