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Managing a Successful Business Project Plan - Assignment

Added on - 22 Nov 2020

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Managing successful businessproject
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1: Aims and Objectives of Project............................................................................................1P2: Project management plan which covers the aspect of cost, scope, time, quality,communication and risk..............................................................................................................2P3: Work breakdown structure and Gantt chart provide stages for completion.........................4TASK 2............................................................................................................................................6P4: Small scale research by use of qualitative and quantitative methods...................................6TASK 3............................................................................................................................................8P5: Analysis of research by use of appropriate tools and techniques.........................................8P6: Recommendation in context of research to draw valid conclusions...................................15TASK 4..........................................................................................................................................15P7: Value of undertaking research to meet objectives..............................................................15CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
INTRODUCTIONThere is huge importance of Digital technology in business industry as it helps companieswhether small, medium or large to achieve growth and success within shorter period of time. Italso makes positive impact on the skills and personality of employees working in anorganisation. Digitalisation gives an opportunity to the business organisation to expand itsbusiness operations and enhance the quality of their products and services according to the needsand preferences of targeted customers. The present assignment report is based on the HandyCompany, a online two sided company which deals in offering residential cleaning and otherhome services. Their services are offered in USA, UK and Canada. The project report includesthe aims and objectives of project for Handy company along with the project management planwhich different elements such as cost, scope, time etc. Work Breakdown structure and Ganttchart to compete stage of project are also discussed under this report. All other aspects also hasbeen summarised under this report with the context of Handy Company (Crane and Matten,2016).TASK 1P1: Aims and Objectives of ProjectThe main aim of project is to fulfil the needs and requirements of customers throughusing new and advanced digital technology in order to offer quality products and services.Digital technology gives an opportunity to small business to advertise their products and servicesin the market through using different and innovative tool which increases their chances ofexpanding business in market within shorter period of time. It also facilitate company in keepingall informations and data with an objective of using while making an effective decision andplans for the betterment of an organisation. With the help of digital technology, the managementare able to create an effective communication system through which all level of management caneasy communicate with each other. It facilitates management as well in analysing theperformance of employees through comparing the actual with standard thus becomes easy forthem to formulate policies and strategies to eliminate deviations if any, through finding anoptimum solutions. Therefore, Digital technology contributes maximum in achievingcompetitive advanced and brand image in market (Garrison and et. al., 2010).Topic: Impact of digital technology in growth of small companies1
Background of project:It is essential for small companies to focus on adopting digital technology in order toenhance their efficiency level in productions activities so that quality products has beenproduced. It helps them in expanding business operations on large scale and increase theirmarket share as well. Adopting digital technology is more useful in conducting research aboutthe changes in market trends and identifying the factors which influences the buying behaviourof customers. This will help management in making an effective planning and strategies toovercome from such influencing factors and offers products and services as per the preferencesand needs of customers. Online technology play an important role in expansion of smallcompanies as it helps in reaching company’s products and services to the targeted customerslocated in different countries within shorter period of time. Handy is small-sized company whichdeals in offering residential cleaning and other home services in USA, UK and Canada. For thepurpose of expansion, the management of Handy focuses on adoption of digital technology intheir business operations so that it affects their profitability as well. Through adoption, thecompany can easily get large number of customers across worldwide . This will make positiveimpact on their sales figure and revenue as well (Geraldi and Lechter, 2012).Aims:Use of Digital technology in expansion of small business activitiesObjectives:To expand business operations of an enterprise.To analyse the effectiveness of digitalisation.Requirement of business transformationResearch questions:Impact of digital technology in growth of small companies?How to adopt different tools and techniques of digitalisation?P2: Project management plan which covers the aspect of cost, scope, time, quality,communication and riskIt is essential for every organisation irrespective of the size whether small, medium orlarge to make an effective management plan for the purpose of achieving desired objectives. Itwill help in giving proper guidance and direction to the employee related with the roles andresponsibilities performed by them in completion of task within pre-determined period of time.2
This will bring long term benefits to company. There are various aspect which need to beconsider while making an effective management plan. Such aspects includes cost, scope, time,quality, risk and communication (Incelli, 2013). The main objective of Handy to set managementproject plan is to use digital technology in achieving desired goals and objectives of anorganisation. Before finalising the project management plan all following elements need toessentially consider:Scope of project:There is wide scope of this project because adoption of digitaltechnology help management in collecting data and information about the changing needs andpreferences of customers which help them to produce accordingly after interpreting suchinformations through using various tools and techniques. Digital technology increases thecapability of company to expand its business operation on large scale.Management of risk:Risk factor is always associated with project activities started bycompany thus the management of Handy is held responsible to identify the risk factors alongwith their impacts with the help of using digital technology. This will help them in making anappropriate plans and strategies in order to cope up with such risk. Risk may be related withincreasing operational cost, inefficiency of working etc.Quality control:Adoption of digital technology help company in developing the qualityof their services due to which the satisfaction level of customers may also increases. As Handyoffers residential cleaning services thus it is important for them to use advanced technology inorder to bring quality in their work. It will help company in attracting large number of customersto buy their services which results in expansion of business to large scale (Lai and Ong, 2010).Cost:The cost incurred in adoption of digital technology is very high thus becomes moredifficult for small companies such as Handy to arrange funds from different sources such asfinancial institutions, venture capital etc. Using promotional tools and techniques also requireshuge amount of investment. Using cleaning tools are also too expansive which results inincreasing the overall cost of project.Time:It is related with the time invested in completion of project activities in moreeffective and efficient manner. The management are held responsible to adopt digital technologywithin an organisation as soon as possible due to which all project activities are properlyexecuted in desired manner within minimum time. This will help company in grabbingcompetitive opportunities that may comes in the process of completion of project.3
Communication:The use of digital technology is also more helpful in communicationprocess. It will help in defining roles and responsibilities to each employees through suingdifferent communication channel which brings motivation amongst them to work hard andcomplete their allotted task within limited period of time. It also helps in maintaining healthyrelations with the employees and customers.All such aspects are essential to consider by the management of Handy in order to makean effective management plan so as to achieve desired objectives within predetermine period oftime. From above, it clearly identified that digital technology brings profitable outcomes tocompany (Macintosh and Quattrone, 2010).P3: Work breakdown structure and Gantt chart provide stages for completionIt is very important to collect data and information about the market trends andperception of customers about the products and services offered by company. It can be possiblethrough conducting research in two methods are used for collection of data. Such methodsinclude qualitative and quantitative methods which bring information in quantity and qualityform. It will further help management to make an effective decisions for the execution of theirpre-determined plans. The proper guidance and direction are easily provided by the managementof Handy to their employees so that the available resources are utilised in an optimum manner.Research find out every thing what company want to know. For example, rival’sstrategies, technologies they used, pricing strategies etc. On the basis of which the manager ofHandy may able to decide the adoption of best cleaning machines which enhances theirefficiency and maximises the satisfaction level of customers (Marston and et. al., 2011). All suchactivities are essentially required to perform by the manager if they need to expand their businessoperations on large scale. Therefore, the main purpose of conducting research are determined asbelow:Need for conducting researchLiterature reviewFinding out the optimum solution for issues that may comes in execution of pre-plannedactivitiesMain objective of projectSelection of respondents whose views and perception are considered while making aneffective decision4
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