[PDF] Managing Successful Business Projects : Assignment

Managing Successful Business
Project

Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Project aims and objectives..............................................................................................1
P2. Produce a project management plan which covers aspect of cost, scope, time, quality,
communication and resources................................................................................................2
P3. Work breakdown structure and a Gantt chart that provide time-frame and stages..........4
TASK 2............................................................................................................................................7
P4. Small scale research by implementation qualitative and quantitative research...............7
P5. Analyse of research and data through appropriate tools and techniques.........................9
P6 Recommendations as a result of research and data.........................................................16
TASK 4..........................................................................................................................................16
P7 Reflect on the value of undertaking the research............................................................16
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................18
APPENDIX....................................................................................................................................19

INTRODUCTION
Digital technology is transforming the way of doing business in this dynamic world. It
includes all types of all type of electronic equipment and applications that simplifies the
activities. The effective planning and business control is helpful in successful and growth of
company. The different digital tools are used by companies in order to assist effective control.
The Continental Consulting Limited, UK is selected for better understanding of this concept. The
aims and objectives of company is being discussed in this report. Apart from this a project
management plan has been developed for company. As the work breakdown structure and a
Gantt chart is being prepared in report. To meet aims and objectives of company qualitative and
quantitative research is being done in this report. The evaluation of research and certain
recommendations is being made on the basis of data. Along with this, own learning and
performance is being reflected in this.
TASK 1
P1. Project aims and objectives
The company Continental Consulting Limited is medium size firm which delivers the
business research and consultancy services in various area of London, UK. Apart from this, it
provides Business Process Re engineering Services to small and medium size manufacturing
businesses around the London and Greater London. The main focus of this organisation is to
assign fittings workers for their customers (Nicholad and Stevvn, 2017). Continental Consulting
Limited was established eight years ago with a pre set goal to improve their effectiveness and
efficiency, to come up with new innovation in the business. The innovation is very important to
sustain in the business. As technology is changing day by bay and it gets obsolete with changing
time. This stage will helps the business to overcome its competitors and meets the customers
requirements and needs. The advance technology like Tweepi, Oktopost, Tag Board and Crowd
booster can be used and applied at various stages so company can extend and develop their
business operations. The electronic devices like computer and laptop will allow firm to their
business with use of social media.
The topic of this project:
“The impact of digital technology supporting small business growth and innovation”
1

In this given scenario, the innovation plays an important role in the development of
business. The computerized modernism empowers a business to learn and apply various
mechanism and process which could impact their job like contenders, advertise power and
demand etc. As these system helps company to identify the demand of customers and then by
applying these system one can fulfil demand of customers.
The primary aim of report is: “The impact of social media as digital technology supporting small
business growth and innovation”
The main objective of this assessment report is to identify how social media is helpful in
small and medium scale organisation like Continental Consulting Limited to accomplish its
objectives.
Important Research Objectives:
 To apply the social media tools in regular business activity of continental consulting
limited.
 To improve the quality of administration by applying social media instruments.
 To find out the different associated to company through social media techniques (Morish
and Gerladi, 2011).
Crucial Research Questions:
 How digital adaptation strengthen the development of medium scale enterprises.
 What would be possible changes in the firm after adaptation of digital instruments.
 How social media tools can be helpful in discovering various service related to
consultancy.
P2. Produce a project management plan which covers aspect of cost, scope, time, quality,
communication and resources
Project is for temporary time period, which has definitive time and resources to complete
the projects. Project management includes planning and organizing of a company's resources to
carry out a specific and particular task. This includes the resources like personnel, finances,
technology and intellectual property. As there is process for project management, planning,
initiation, execution, monitoring and closing involve in process of management of project. The
project management plan involve many elements such as scope, cost, risk, communication,
quality and time. The elements are described below:
Scope:
2

The scope is present and future opportunity or possibility of any technique in the
organisations. So in order to implement social media or digital technology in business, it is
important to find out their scope both for present and future. The digital media technology
technology has broader scope for the Continental Consulting Limited as it will allow the
employees of company to reach the targeted clients and customers easily with less cost. This will
help the employees to communicate information about new tools and techniques to their clients
and customers promptly. This helps the companies to achieve their goal in within given time
period.
Cost:
Cost is the price which is incurred by the companies to produce goods and services and to
acquire new technology for the business operations. Cost plays an important role in performing
project related activities. The Continental Consulting Ltd deals in re-engineering business system
of business is situated in London. To update the technology or to acquire the new technology it
requires a huge finance for company. As to introduce social media technology in business of
Continental Consulting Ltd. Needs a huge cost so they need to prepare proper budget for that
particular project. Budget will help company to delegate fund accordingly. A forecasted cost
budget for the company is shown below:
Total Forecasted Budget
Particular Amount in £
Acquiring cost of technology 18000
Implementation cost 5000
Advertisement cost 7000
Training cost of employees 7500
Total Cost 37500
The forecasted budget shows that, technology would cost around GBP 37500 to the
company.
Time:
The completion of project within given time is very important. As if it completed after
time limit then the project would not be much effective. If the project is completed within given
time limit then it brings satisfaction in work and maximize the output (Peppet, 2014). The
3

management of Continental Consulting Ltd should motivate and direct their employees for
performing the task within given time limit. The deadlines allows the workers to come up with
innovative way to complete given task within stipulated time period.
Quality:
Quality is primary and considerable factor of any task. The quality work is accepted and
praised by clients and increase customer satisfaction. The management of Continental Consulting
Ltd should direct their employees and workers to give quality performance while completing the
task. As quality can helps company to gain more market share in market and overcome their
competitors. The social media technology can be helpful in better communication with clients
and then accordingly provide quality of service according to their need.
Risk:
Risk is associated with every business which affects the outcome of that projects. Before
starting any project, management of Continental Consulting Ltd. Should identify the risk
according to project nature. The risk related with project activities includes the lack of finances,
lack of supporting employees and lack of proper planning in implementation of project plans.
The management of company should provide the training to their employees about their new
technology so they can easily adapt the technology.
Communication:
Communication is very important to complete the any kind of project on time. The
communication is a medium to exchange information and understanding of information. The
communication gap in various level of management could lead to failure of projects. And this
can effect the quality of project activities. So it is important to have a proper channel of
communication at different level of management to overcome the risk of failure of project
activities. The all plans and process should be well communicated to the team for successfully
completion of projects (Drucker, 2012).
P3. Work breakdown structure and a Gantt chart that provide time-frame and stages
The Work Break Down chart is a table which contains the which contains the significant
work related task and activities of business operations which are illustrated to represent the
relationship among each workers and project as a whole. The chart mainly focuses on the
providing important information which helps project manager to predicts the outcomes based on
various scenarios. So the important decisions can be taken about procedure should be followed
4

or not. The mission group of Continental Consulting Limited has made with split divergence of
project with a set goal to differentiate practical and intend and objectives. This exercise will
improve the management skills of users and it will give a clear picture of projects that what
targets that has to be achieve. This WBS system assist an company by providing options to
differentiate customers formation and demands. This strategy will also assist the company to take
better judgement and strategies for the accomplishment of their essential objective which can be
helpful in business expansion and development (Boniface, 2013). These work breakdown charts
are made on the base of aim and objectives of business which is explained below:
 Main objective and aim of research
 Narrative re-evaluate
 Conflicts which are featured by organization
 Intend of investigator
 Choice of Target
 Shaping of appropriate plans
 Figuring and pass decisions on collected data
Continental Consulting Limited is a small and medium sized organisation which wants to
set up an agreement to apply their innovative device like collection of information and data in
electronic format so they can compete in the market. The member of technology department
within the company has organised research that have some questions with respect to outcome of
innovation which is implemented in business organisations. For this 35 personal has been
selected for this research. It includes the teenagers, youth and college students.
This assessment provides the data to organisation management with aim that systems could be
designed. The all activities of research needs a definitive time period so task can be finished. The
consultancy has chosen polling method as a source of research.
5

The above Gantt chart shows the stipulated time for completing the work. As it can be
seen that literature is being planned to complete in 5 days which is based on task 2. and Research
Methodology is being supposed be completed in 12 days which is based on task 2 and 3. the
Gantt chart is a graphical representation of the particular task schedule. This shows the data in
bar chart which displays opening and closing date of various project management which are
useful in planning a project and defining the sequences of activity that need conclusion (Pekuri
and et.al., 2014). As per the above information and data, a Gantt chart is prepared for the
Continental Consultancy Limited that help in scheduling, managing and monitoring different
activities of project is shown below:
6

The essential defines the way to achieve the substance and defines the series in which
tasks are passed out and performed further. The most crucial part remains related with determine
way and set up the greatest time bound for performing activities. The critical path for above
business plan is being discussed below:
TASK 2
P4. Small scale research by implementation qualitative and quantitative research
To gather information and collect the data there are basically two types of main sources
which are discussed below:
Primary Data:
Primary data are called first hand data and they are fresh data which is directly collected
from respondents (Fisher, 2011). The managers acquire information from respondents without
any false result. The data are collected through interview, survey and questionnaire.
Secondary Data:
In this data are collected through the Articles, magazines and from applied research. This
provides the second hand data to researcher.
7

Questionnaire
Name:
Gender:
Age:
Q1. Will social media be helpful in for Continental Consulting Ltd to expand their business?
A) Yes
B) No
Q2. Which social media app were helpful for company to maximise the profits?
a) Facebook
b) Twitter
c) Instagram
d) other app
Q3. In what way social media tool will be helpful?
a. Minimising Defects
b. Optimise use of resources
Q4. Do it necessary for employees to provide training for digital technology
a. Yes
b. No
Q5. Does technology helpful in cut down workload in company?
a. Yes
b. No
Q6. What is the barrier for company to choose technology for business operations?
a) Cost
b) Conflict
c) Time
Q7) Did social media help to remove communication barrier in Continental Consulting Ltd?
a) Yes
b) No
8

Q8. Does digital technology is helpful in achieving high profitability for Continental Consulting
Ltd?
a) Yes
b) No
Q9. Is there any requirement to promote the employees to exploit digital technology in
company
a) Yes
b) No
Q10. Give the own advice to handle challenges after utilising social media tool.
P5. Analyse of research and data through appropriate tools and techniques.
Q1. Will social media be helpful in for Continental Consulting Ltd to expand their business?
Yes 25
No 10
Yes No
0
5
10
15
20
25
30
25
10
Column C
Interpretation:
From the above graph, it can be said that 25 respondents which shows company should
execute the technology. And 10 believes company should not implement this tools.
9

Q2. Which type of social media tools contribute highest in the growth and development of
Continental Consulting Ltd?
a) Facebook 10
b) Oktopost 10
c) Tagboard 12
d) Twitter E-commerce 3
10
10
12
3
E-commerce
IT software's
Wireless
technologies
Cloud techniques
Interpretation:
As it can be seen that wireless technology is most contributing according to 12 personals.
And 10 people think that e-commerce would be helpful in success of company.
Q3) What will the helpful result received by Consultancy Ltd. after acceptance of social media
tools in business process?
 Enhancing overall performance 10
 Minimising defects
 Optimise uses of resources 12
8
10

Enhancing overall performance
Minimising defects
Optimise uses of resources
0 2 4 6 8 10 12 14
10
12
8
Column C
Interpretation:
The 12 respondents think that the defect would be minimised after implication of digital
technology. As 10 respondents think that overall organisation performance would increase.
Q4) Are there any necessities to spend the funds in induction and development programs for
employees to work on exploiting the digital technology?
Yes 23
No 12
Yes No
0
5
10
15
20
25 23
12
Column L
Interpretation:
11

According to 23 people, when new technology applied in organisation then it is necessary
to give training to existing employees so that they can adapt technology. And rest say there is no
need to spend any extra amount on training of employees.
Q5) Does digitalisation conveys behind the work pressure of the employees working within
Continental Consulting Ltd?
Positive 28
Negative 7
Positive Negative
0
5
10
15
20
25
30 28
7
Column C
According to 28 persons that digitalisation would be helpful in the reducing the work
load of employees. And it will have positive impact in an organisation. The respondent say it will
not have positive effect.
Q6) What are the major drawbacks features face by administration throughout the adoption of
digital technology?
Cost 16
Time 9
Conflict 10
12

16
9
10
Cost
Time
Conflict
The 16 respondents think that cost would be the major drawback which would face by
company while adopting this technology. While 10 thinks it can leads to conflict in organisation.
As 9 thinks that it would take long time to adopt this technology.
Q7). Is Digitalisation participating a fundamental role in attainment goods and services of
Continental Consultancy Ltd. to targeted customers?
Yes 19
No 16
Yes No
0
2
4
6
8
10
12
14
16
18
20 19
6
Column C
The 19 respondents thinks that digitalisation will be helpful in the meeting customer
requirement.
13

Q8) Digitalisation play a vital role to achieve the high
profitability and sustainability of Continental Consulting Ltd
Yes 32
No 3
Yes No
0
5
10
15
20
25
30
35 32
3
Column L
The 32 individual thinks that the digitalisation would be helpful in achieving the profit
for
Q9. Does Digitalisation help out Continental Consultancy Ltd. to preserve superior relation with
the targeted clients or not?
Yes 27
No 8
14

Yes
No
0 5 10 15 20 25 30
27
8
Column L
As 27 thinks that it would be helpful in maintaining superior relation with the customer. And 8
respondents say it will not be helpfull.
15

P6 Recommendations as a result of research and data.
Continental Consulting Limited is a standard size organization which is engage in giving
advisory and recruitment services to tiny and medium enterprise in London. The administration
of business has decided to apply digital tools for effectively operations of their business
activities. So, to implement these tools, supervisor of corporation has concentrated on an
inspection utilizing review. The main objective of this consultancy firm is to provide the quality
of products and services to their customers and attract more number of customers. (Porter, 2012).
From the above research, it has been observed that, different type of origin source should be
operated to assertion answerable and valuable data. The main point and aim of the research
should be clear and concise so company can find out the valuable outcome and result of that
research. It has been suggested that tiny company should set up computerized innovation tools
such as synchronised information structure used to provide detail mix information regarding
every assignment, digital equipment have tremendous benefits for small scale organisation firm
which helps corporations in advance regarding their company action and if necessary this can be
manage by including little payment. Upper hand and profit maximisations are extra benefits of
superior innovations.
TASK 4
P7 Reflect on the value of undertaking the research.
Although directing the assessment, management authorities have gone through different
issues in a range of insight. Modest expediency of foundation like The Computer Misuse Act
1990, General Data Protection Regulation effect character of my survey results, for the reason
that of, due to less time i have selected only 35 individual respondents. To manage that trouble
and generate appropriate task creation was the standard point of assessment and inspection and to
accomplish that I had chosen smaller amount evaluation of in close proximity time and cash.
From the questionnaire system I have chosen survey procedure in which 10 questions were
selected from 35 people in order to affect from superior innovation on our company (Peppet,
2014). To one side from survey tools, I have moreover utilized mixture of supporting well
springs of investigate. For example, regular news papers, articles and books which assist me to
collect data and other information about digital equipments.
16

CONCLUSION
In the conclusion it can be said the digital technology plays an important role in
development of a successful business. To sustain in this competitive business environment
company should come up with new business ideas. As new technology requires the time,
cost, quality etc., so companies should analyse all these elements so that they can implement
new technology effectively in company. The companies should prepare the chart to
complete their task within given time period. The company should do a primary research
before acquiring technology to know how it will be helpful for business. As customers and
clients should be their respondents because it will helpful in satisfying their needs only.
17

REFERENCES
Books and Journals:
Aarseth, W., Rolstadås, A. and Andersen, B., 2013. Managing organizational challenges in
global projects. International Journal of Managing Projects in Business, 7(1), pp.103-
132.
Adzic, G., 2011. Specification by example: how successful teams deliver the right software.
Manning Publications Co..
Boniface, P., 2013. Managing quality cultural tourism. Routledge.
Drucker, P., 2012. Managing for results. Routledge.
Duffield, S. and Whitty, S. J., 2015. Developing a systemic lessons learned knowledge model for
organisational learning through projects. International journal of project management,
33(2). pp.311-324.
Fisher, E., 2011. What practitioners consider to be the skills and behaviours of an effective
people project manager. International journal of project management, 29(8), pp.994-
1002.
Liu, J. Y., Zou, P. X. and Gong, W., 2013. Managing project risk at the enterprise level:
Exploratory case studies in China. Journal of Construction Engineering and
Management, 139(9), pp.1268-1274.
Morris, P. W. and Geraldi, J., 2011. Managing the institutional context for projects. Project
Management Journal, 42(6). pp.20-32.
Nicholas, J. M. and Steyn, H., 2017. Project management for engineering, business and
technology. Routledge.
Pekuri, A., and et. al., 2014. Managing value creation: the business model approach in
construction. International Journal of Business Innovation and Research, 8(1). pp.36-51.
Peppet, S. R., 2014. Regulating the internet of things: first steps toward managing
discrimination, privacy, security and consent. Tex. L. Rev., 93, p.85.
Polonsky, M. J. and Waller, D. S., 2018. Designing and managing a research project: A business
student's guide. Sage publications.
Porter, D. R., 2012. Managing growth in America's communities. Island Press.
Smith, W. K., Gonin, M. and Besharov, M. L., 2013. Managing social-business tensions: A
review and research agenda for social enterprise. Business Ethics Quarterly. 23(3).
pp.407-442.
Online
What is Gantt Chart. 2018 [Online] Available through:
< https://searchsoftwarequality.techtarget.com/definition/Gantt-chart>
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APPENDIXLog book
Project Logbook for the chosen
:
organisation Continental
Consulting Limited
:
Name of the learner
:
Name of the Supervisor
:
Project Title Managing successful
business
:
Date
/
Update of weekly research tasks
(
achieved Account for a minimum of
)
six weeks with dates

?
What have you completed

Did you fulfil Task
?
requirements

Are you on track and within
?
deadlines set



Did you need to make any
changes to your project
?
management plan
Comments
Completed report for
implementation of digital
.technology
Yes
,Yes all the requirements are
properly executed with in
.given time period
No changes are required for
.project plan
/
?
Any risks and or issues identified
l
/
Did you identify risks issues
with a lack of skills required
for undertaking research
?
tasks
,Yes there are some potential
areas are found and rectified
.with possible solutions
19

l
Did you identify any additional
/
risks issues that have an
impact on the project
?
management plan
All the relevant taska and
management are connected
.with the plans and task
Problems encountered
l
?
What barriers did you face
l
?
How did you overcome them
Ethical activity and trust
problems were the at the high
.point
Effective solution is given in
terms of resolving the issuesNew Ideas and change of project
direction
It is seen that gowth and
development perspective
digital tools are considered
.more effective and effecient
What Have I learnt about myself
?
this week
l
How did I feel when I had to
/
?
deal with tasks problems
l
Did I find it useful to complete
?
the tasks
l
?
How well have I performed
?
What did I contribute
l
What can I improve on next
?
week
I think that approaching
issues and situation supply an
effective experience for long
.duration
Yes
This report is effeciently
performed by me and i
contributed various reaserch
.work by my project
My communication skill is
needed to be improves.
20

l
How might this learning apply
?
in the future It will assist in interpreting
positive ways to director by
which coming judgement can
.be taken
Tasks planned for next week
l
?
Which tasks are priority
l
Have you set aside sufficient
?
time for completion
Type of difficulties and
problems were faced by
organisation and it is observed
that organisation need to
analyse those factors at
.priority basis
,Yes I have digression enough
time fro attaining the tasks or
.objectives
( ,
Project plan status to date on
,
)
ahead behind
Up to date
Supervisor comments to address
Signature of the Supervisor and
:
date
Performance review
1. ?What was the Project supposed to accomplish
This project is supposed to accomplish the understanding for
importance of digital tools and technology and how it can be benificial
.for smal enterprise
2. / ?Did the project succeed in its objectives how do you know
, .Specifically please outline any evaluation and assessment undertaken
The major aim and objective of the company is change the image
.of the organisation in the customer mind and market place Thus that
.can be complete with the assist of social activities
21

3. ?What things do you think worked well and why Evaluate all
( . ,aspects of the project e g initial inception project activities and project
) .outcomes from a range of perspectives
,When the project and task management was in procedure I was
unprotected to entire activities which are concerned in it and that
.followed to decrease the manoeuvre time of project
4. What problems emerged during the project and how were they
?tackled Was there timely identification of issues and resolution during
?the project process
,Yes it was difficult to grab proper data and conduct them to solution
.the helpful message from different sources
5. ?What did you learn from undertaking the project
By this task I have acquire which is needed to follow current
.digital technology so that objectives can be earned in effective manner
6. How would you rate your performance as a management consultant
?leading the project
8.5 10.I rate myself out of
7. ?What strengths and weakness of your performance did you identify
My main strength is better and effective evaluation ability while
.hapless analytical ability decreased my potential
8. How will this inform and support your continuous professional
?development
It is important for corporate level to modulate free flow of
.abstraction in company as they can get with together
22