P3 Work breakdown structure and Gantt chart (Doc)

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MANAGINGSUCCESSFUL BUSINESSPROJECT
Table of ContentsMANAGING SUCCESSFUL BUSINESS PROJECT...................................................................1INTRODUCTION...........................................................................................................................3LO 1.................................................................................................................................................3P1 Aims and Objectives.........................................................................................................3P2 Project Management Plan..................................................................................................4P3 Work breakdown structure and Gantt chart......................................................................5..........................................................................................................................................................6LO 2.................................................................................................................................................6P4 Research methodology......................................................................................................6LO 3.................................................................................................................................................8P5 Data analysis and interpretation........................................................................................8P6 Conclusion and recommendations..................................................................................14LO 4...............................................................................................................................................16P7 REFLECTION................................................................................................................16REFERENCES..............................................................................................................................17
INTRODUCTIONBackgroundGlobalisation is defined as ongoing process which is linking people on the continuousbasis which may include people, regions, cities, countries etc, which are coming closer than everbefore. Due to the process of globalisation, entire world has turned in the global village and hasresulted in the transfer ideas, knowledge, skills, people, products and services as well (Bailey,Jones. and Rosenbaugh, 2018). Globalisation is not a new process but has accelerated quicklyafter the second world war and it has been successful in changing the lives of the people acrossthe world. This has majorly lad effects on the environment, governments, cultures and companiesas well.Globalisation can help the companies in expanding the business by joint venture, whichwill mitigate the competition. Cultural awareness is also the result in which the culture of variousnation is known. It helps in cooperation between companies. It also helps in improving therelationship among countries. The economies of the nations become interdependent because ofthe Globalisation. Selling can be done in large scale and also marketing can be done on the largesize of the nation spread across various nation. Globalisation create more opportunities for abusiness to grow and expands its business.LO 1P1 Aims and ObjectivesAimThe aim of the Large Fashion company is:“To prepare and implement a project management strategies for launching a new summerproduct”.ObjectivesThe objectives of the Large Fashion company are as follows:To prepare a project management strategy for completing the project on time.To analyse the competition in the market by which testing of the product can be donebefore launching the new product in the market successfully.To develop strategies for optimising the product sales at the launch event.
P2 Project Management PlanThe Project Management Plan is a document on which every phase of the project and thefuture action to be taken on the research are described in detail. There are various factors arecovered such as cost of the project, time taken to complete the research, etc.CostHere for the research report the plan will include the cost of the product which is going tobe 2000 ponds as a budget (Larson. and Chang, 2016). The funds are going to be arranged fromtaking loan form micro finance bank.ScopeThe scope in the future that will be included in the plan is going to be its demand in thefuture. In the scope the analytical method used will be Regression Analysis and this method willbe used in order to do analysis of the targeted audience and planning deadlines of the new launchof the product.TimeThe time taken to complete the project will be two days in which the researcher will dodeep analysis of the market from online as well offline sources.QualityIn the plan the quality of the research will be given special importance in which thereliable source will taken for the study of the research in which the sources will be used such asLexisNexis and Info Trac in order toe increase the quality of the report.CommunicationCommunication will be used in the plan via PPT presentation and graphic and videopresentation by using verbal communication.RiskThe various risk included in the plan will be the financial risk in which the risk related toinvesting in wrong sources will be considered and the other financial risk considered willconsidered is investing in the software that the software may or may not work. The risk that willbe included in the plan will be strategic risk in which the strategy made will work or not for thenew product launch will be considered(Tidd. and Bessant, 2018). The last risk that will beincluded in the plan will be the Time risk in which the timely completion of the report will be therisk.
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