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Managing Successful Business Project | Report

   

Added on  2020-06-05

18 Pages4098 Words62 Views
Managing successfulbusiness project
Managing Successful Business Project | Report_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Project aims and objectives....................................................................................................1P2 Management plan with aspects of scope, cost, time, communication and quality................2P3 Work breakdown structure and Gantt chart...........................................................................3M1 Project management plan......................................................................................................4D1 Project management process.................................................................................................4TASK 2............................................................................................................................................4P4 Research by applying qualitative and quantitative research methods...................................4M2 Reliability and accuracy of research methods......................................................................7TASK 3............................................................................................................................................7P5 Analyse research and data with appropriate tools and techniques........................................7P6 Recommendations as a result of research and data analysis................................................14M3 Selection of appropriate tools.............................................................................................14D2 Reflect on project outcomes and decision making process.................................................15TASK 4..........................................................................................................................................15P7 Communicate appropriate recommendations......................................................................15M4 Value of project management process................................................................................15CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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INTRODUCTIONToday business environment is very complicated if one will compare it with the earlierone. Introduction of technology has changed the business process and its activities totally. Forachieve set goals and objectives and to serve more number of customers it is very essential forfirm to use technology in an effective way (Ajmal, Helo and Kekäle, 2010). Optimum utilisationof technology increase effectiveness of business activities and on the opposite of this underutilisation of technology give rise to various challenges among business enterprises (Meredithand Mantelm, 2011). One of the main benefit of technology is that it provide an opportunity tofirm to promote its products and service to different places which increase the number of itscustomers. KCB (Kensington college of business) a business college which is involve in theprocess of business transformation in order to increase the number of its students is taken underthis report for study. Management plan covering various aspects such as cost, time and quality ofproject activities is all detailed under this report. Further various research tools are used underthis to collect and analyse the information. TASK 1P1 Project aims and objectivesIn today's environment where changes take place in a fast speed, use of technology inappropriate and right manner is become essential for every business enterprise. Whether it is aretail enterprise or a education institute technology play a big role in all sectors. Technology haschanged the business process totally (Schwalbe, 2015). One of the major advantage oftechnology is that it helps enterprises in promote its products which increase number of itscustomers and profits. KCB is a business college which offer professional education courses tolarge number of customers. Due to Brexit, large number of its customers fall dramatically. In thissituation, college wants to establish a Global campus in which firm offer education to its studentswith help of technology. In this way, college can maintain the number of its students and at thesame time can increase the same. Further, technology provide media to enterprises to promote itsproducts. In addition to this increase cooperation among business functions (Pinto, 2015). Withhelp of technology, KCB college can increase the number of its customers and can promote itseducational courses in different areas. Aims: Implementation of technology for transform business operations. Objectives:1
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To examine the impact of technology on number of students of KCB.To ascertain contribution of digital technology in process of business transformationTo identify the benefits of optimum utilisation of technologyResearch Questions:Does with help of technology KCB can increase the number of its students?Does technology provide better education to the students of KCB?Will technology help students in improve their skills and knowledge?P2 Management plan with aspects of scope, cost, time, communication and qualityFormulate a better and effective management plan is very essential for KCB in order toidentify the time and cost which will require to complete the project. Further, this guide andsupport managers in take right decision at right time (Kerzner and Kerzner, 2017). Without this,KCB can not implement the process of business transformation. Further, this helps in managingthe cost of project. Major factor which must be consider in project management plan are asfollows:Scope of project: Technology advancement provide an opportunity to firm to expand itsbusiness operations and serve the customers in different areas. This make the processexpansion more effective.Management of risk: Every business project involve some kind of risk and it is veryessential that all risks must be examine by the managers so they can reduce the risk(Polonsky and Waller, 2014). This increase the chances of project being successful. Control of quality: Quality is one of the major element which must be maintainotherwise it increase the chances of its failure. It is very essential for KCB college tomaintain the quality of its services otherwise it will results in decrease the number of itsstudents. Cost: Expansion of business operations and utilisation of new technology require funds.Lack of funds hamper the quality of project and increase the chances of its failure. So it isvery essential that KCB college should have adequate amount of funds.Time: This consists the time require to complete the project (Meskendahl, 2010). It isvery important for manager calculate the time require to complete every activity ofproject and do efforts to complete all operation with minimum time. 2
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