Managing Successful Business Project

This project examines the impact of Internet of Things (IoT) on the transformation of business activities at Softwire Company. It includes a project management plan, research findings, and recommendations for the company to leverage IoT for growth and success. The project also includes a reflection on the learning process and a performance review.

Managing Successful
Business Project

Table of Contents
TASK 1............................................................................................................................................3
P1. Identify the aims and objectives...........................................................................................3
P2 Project management plan that includes relevant actions to meet objectives and time frames.
.....................................................................................................................................................4
P3 Conduct research to generate knowledge..............................................................................6
TASK 2............................................................................................................................................8
P4 Analyse your findings and draw conclusions to form the basis for recommendations.........8
TASK 3..........................................................................................................................................10
P5 Present and produce your project in an appropriate manner for the intended audience......10
P6 Recommendations................................................................................................................18
P7 Reflection ............................................................................................................................18
REFERENCES..............................................................................................................................20
LOGBOOK....................................................................................................................................21

INTRODUCTION
Digital technology came as revolution for the business organizations it changed the entire
processing of the companies. Since its inception it has been seen that there are many things
which have altered and specifically in the business firms everything is started with a new and
innovative approach. Internet of things is one of the major innovation in digital technology that
connected the devices with each other and established a system which effectively used to
communicate and control activities in Softwire Company. The company is used used to
privately owned that provides software development, software consultancy and bespoke software
solutions in London. Its aim is to offer customer satisfaction on extreme level and therefore, this
report comprises of aims and objects,. Project management plan, research with the finding and
conclusion (Broekx and et. al., 2011).
TASK 1
P1. Identify the aims and objectives
It is essential for an organization to predetermine aims and object in order to develop
modern strategy that supports it to grow and attain the success in the market. To attain the
prosperity innovation is required because until there is no innovation the firm cannot be run in an
appropriate way. Internet of things is one of that technological advancement that assists in
business activities like operations, marketing, accounting, human resource management and so
on. Softwire Company can attain its objectives through adopting the internet of things that
supports in business functions with which establishes a connection among them with an
effective interaction. In order to attain the income and revenue the company put efforts to
determine the objectives that can be achieved by digital technology.
Internet of things is a technology that can connect the company with its customer in an
effective way and it operations will also flow in a smooth way. Technology not only makes the
work smooth but also responsible for generating profit and revenue for the business (Denzin and
Lincoln, 2011).
Background of project
As digital technology is revolving internet of things also moving towards the future. It
was conceptualized from the industrial production where machine to machine communication
help to the manufacturing complexity. Business organizations are also adopting IOT to grow and
attain the goals through maximizing the connectivity of operations and functions. It can also send

and receive continuous streams of data to monitor and automate the activities of machines and
individuals that are involved in operations.
Topic – “Impact of Internet of Things on the transformation of business activities. A
case study on Softwire company”.
Aims: Softwire Company has a major aim to become one of renowned organisation for
their customers. The company's major aim is “ To determine the impact of Internet of Things on
transformed business activities. A case study on Softwire company”.
Objectives:
 To analyse the importance of Internet of Things within Softwire organisation.
 To identify the influence of Internet of Things on company operations and functions.
 To analyse the advantages and disadvantages of Internet of Things within an enterprise.
Questions:
 How to analyse the importance of Internet of Things within Softwire organisation?
 What is the influence of Internet of Things on company operations and functions?
 What are the advantages and disadvantages of Internet of Things within an enterprise?
P2 Project management plan that includes relevant actions to meet objectives and time frames.
The project development plan is used to form a specific process through which a project
will be accomplished. It is essential to develop and control the operations and functions that are
performed to meet the goals and objectives. It is prepared as formal approved document which
defines a proper way of the execution, monitoring and controlling the process of the task.
Project management plan assists to determine the scope, time, cost, quality, risk and
communication procedure that is followed by a Softwire company (Fleming and Koppelman,
2016). All of these aspects will support the company to save the time and analyse the activities
what they need to be done. Project management plan is essential to identify the particular formats
that are required to implement in different reports. Project management plan is described as
below -
Scope – There is a need to identify the scope of a project that delivers an appropriate
output to the stakeholders. It can be simplify as the internet of things is innovating for the better
working process of Softwire company (Geraldi and Lechter, 2012). So the employees and other
people like customers and investors can be satisfied with the successful implementation of IOT
because this is implementing for them to stay connected and distribute the information among

all. The researcher identifies the requirements of the IOT projects to analyse the effective area
where innovation can give specific outputs and results for the growth of company.
Cost – Every projects needs some fund to initiate a project planning for execution.
Softwire needs to prepare a budget plan that supports activities and functions in a systematic
manner. It is essential to determine the cost for Internet of Things before the plan begins as it
assist to avoid the interruptions. If Softwire recognises the cost before the getting started then it
will be helpful for it as the deployment will not stop due to lack of funds. There are some
specific tools that can use to estimate the cost of IOT such as the Gantt chart, questionnaires and
data analysis (Hirshkowitz and et. Al, 2015).
Quality – At the time of conducting market research it is essential to develop such kind
of methods and techniques which can be used in effectual way. The research can be done with
quality that gives some valuable outputs for Softwire company. The IOT deployment should
meet the quality outcomes that can raise the company profit. IoT should produce the quality that
is needed to improve the efficiency and the growth of a business.
Risk – It can be seen that when there is a new idea or concept is implemented in the firm
then there is a certainty of risks. The risk can be occurred at any time and they can interfere in
the completion of the project. If Softwire does not have a plan to resolve the risks then it can
impact on implementation of IOT and that will develop the obstacles in the growth and
profitability. To avoid such restriction Softwire can follow the Gantt chart that will assist in
reducing the issues and increasing the profit as well.
Time – Softwire should estimate the time which required to complete the project. Time
will be estimated after collecting the reports from various departments that are working on the
IOT. The major objective of the time is to recognise the duration which is needed to complete the
project.
Communication – Softwire should establish an effective communication plan from
which the staff of the firm can interact in an effective way. To communicate frequently they
needed to establish a communication channel that can be accessible in a less time (Hwangand
and Lim, 2012). Because the company is first time innovating the IOT so there may be some
issues that needed to be solved within time. To resolve the problems they should need put the
effort to trim the gap between different channels. The Gantt chart can help them to develop
activities in an appropriate way (Lakatos, 2014).

Resources – The firm needs to analyse the resources which is the foundation of growth
and success. Softwire should embrace its resource like finance, human resource, technology and
so on. All of these are backbone growth and success that generates the high revenue and
profitability.
P3 Conduct research to generate knowledge
Work breakdown structure is a tool for project management that delivers an effective
output to the project managers. It breaks the task in small modules that is finished by particular
team. This defines the work scope in to manageable portions that can be managed bys separate
teams. Each division has a detailed information about these chunks that has to accomplished by
them. The project managers attains the target by dividing the task among the employees
according to their capabilities in order to mange the work faster and in an effective way and
within specific time. This is manager's responsibility to recognise the abilities and knowledge of
the employees that supports them to perform well in a given task and maximize the profit.
Gantt chart is a tool which provides proper duration of the task in which it is completed.
It is defined a graphical format that depicts the accurate data and schedule of the plan. It also
records the activities and individual performance that is required to know the support to attain
the goals and objectives. This provides an accurate information about the plan from the
beginning to end of task (Meredith and Mantel, 2011).

TASK 2
P4 Analyse your findings and draw conclusions to form the basis for recommendations.
Before adopting Internet of things the Softwire needs research for the requirement and
acceptance for the innovation. This will help to affect the sustainability and growth of the
business and it will also help to gain competitive advantage. The company can conduct the
research by these methods -
Qualitative methods – Qualitative methods refers to collect the sufficient data that
produces fruitful outcomes. This can generated through behaviour, opinions, attitudes with
respect to the IOT. If there are some certain results that can give an growth to the company then
it can analysed from the mathematical data that gives accurate information (Howard and Sharp,
2012).
Primary method – Primary research gathers the information from various sources such
as such as surveys, questionnaires, interview, observations and so on. It gives a point of view of
the employees that whether they are in the favour of IOT or not. This is the basic research and
conducted for the first time when a product is introduced in the Softwire organization (Peters and
Wahyuni, 2012).

Secondary method – It is the second level of research as it uses to cater the data and
information accurately. This generates the information within limited time which saves the time,
cost and efforts to accomplish a project for IOT (Westerman, Bonnet and McAfee, 2014).
QUESTIONNAIRE
Name:
Age:
Gender:
Contact number:
Address:
Q1) What advantages company get by implementing The Internet of things?
a) Safety, Comfort, Efficiency
b)Revenue Generation
c) Better Decision Making
d) Increase Business Opportunities
Q2) Is The Internet of things beneficial for increasing productivity and growth of
Softwire ?
a) Yes
b) No
Q3) What are different Real World Applications of Internet of things used through
Softwire for increase operation of business?
a) Smart Home
b) Industrial Internet
c) IoT in agriculture
d) Energy Engagement
Q4) What challenges Softwire faced at the time of executing the at workplace?
a) Delivering Value to Customer
b) Data Connectivity Issues
c) Hardware Compatibility Issues
Q5) What are main skills which someone should be learn in context to be successful in

area of Internet of things?
a) Electronic circuit design
b) Programming language
c) Networking
d) Cloud computing
Q6) According to your point of view which kind of technology will make Internet of things
game changer in future?
a) Artificial Intelligence
b) Machine learning
Q7) What will be negative impact develop on company after implement the Internet of
things at workplace?
a) Security
b) Privacy
c) Compatibility and Longevity
Q8) What is the impact of Internet of things on growth and profit of company?
a) Enhanced productivity
b) Minimum cost of production
c) Fast business activities
Q9) Recommend some ways by which Softwire can expand its business through using the
Internet of things.
TASK 3
P5 Present and produce your project in an appropriate manner for the intended audience.
THEME 1: Benefits company get by implementing Internet of things
Q1) What advantages company get by Frequency

implementing The Internet of things?
Safety, Comfort, Efficiency 11
Revenue Generation 9
Better Decision Making 8
Increase Business Opportunities 12
Interpretation: Internet of things is network of the vehicles, physical devices, home
appliances and many others. It provides some advantages to firm at the large scale. According to
graph, there are 11 respondents which said that it helps in provide the safety and efficiency. 9
respondents are agree with the revenue generation. On the basis of view point of 12 respondents
Internet of things is helpful in increase better opportunities to the business firm. Remaining 8
said that Internet of things helps in taking the effective decisions in favour of firm.
THEME 2: Internet of things beneficial for increasing productivity
Q2) Is The Internet of things beneficial for
increasing productivity and growth of
Softwire?
Frequency
Yes 22
No 18
Safety, Comfort, Efficiency
Revenue Generation
Better Decision Making
Increase Business Opportunities
0
2
4
6
8
10
12 11
9
8
12
Column B

Interpretation: On the basis of given graph, there are 22 respondents which said that
Internet of things is more effective as well as beneficial for maximise the growth and
development of business. It plays a major role to enhancing an economy of country and also
secure the data as well as information of company along with the customers. On the other hand,
18 respondents are disagree with this given statement.
THEME 3: Different Real World Applications of Internet of things
Q3) What are different Real World
Applications of Internet of things used
through Softwire for increase operation of
business?
Frequency
Smart Home 12
Industrial Internet 8
IoT in agriculture 6
Energy Engagement 14
Yes No
0
5
10
15
20
25 22
18
Column B

Interpretation: According to 12 respondents, Smart Home is real world application and
it is one of the popular IoT driven facility and it develops the buzz in all over the world. 8
respondents are agree with the Industrial internet and it empowers the sectors with the advanced
sensors software programs and application. Apart from this, 6 participants says that IoT in
agriculture field enables enable growers and farmers to reduce waste and enhance productivity
ranging and 14 says that in IoT in energy engagement helps in getting optimal utilisation of
available resources.
THEME 4: Challenges faced at the time of executing Internet of things
Q4) What challenges Softwire faced at the
time of executing Internet of things at
workplace?
Frequency
Delivering Value to Customer 15
Data Connectivity Issues 12
Hardware Compatibility Issues 13
12
8 6
14
Smart Home
Industrial Internet
IoT in agriculture
Energy Engagement

Interpretation: The above mentioned graph represents that numerous challenges are
faced while implementing IoT at workplace. With the viewpoint of 15 participants, there is a
problem while delivering value to customers whereas 12 says that there is a issue regarding data
connectivity issues. On the other hand, 13 agree with issues generated from hardware
compatibility. Therefore, it is essential for companies to manage such issues in an effective
manner.
THEME 5: Main skills which someone should be learn
Q5) What are main skills which someone
should be learn in context to be successful in
area of Internet of things?
Frequency
Electronic circuit design 16
Programming language 8
Networking 10
Cloud computing 6
Delivering Value to Customer
Data Connectivity Issues
Hardware Compatibility Issues
0
2
4
6
8
10
12
14
16
Column B

Interpretation: 10 respondents says that employees must learn networking in area of
internet of things thus to perform effectively. 8 participants are in favour that employees should
learn different programming language thus to use IoT. On the other hand, 16 states that
Electronic circuit design and 6 are in favour of cloud computing technology. If employees learn
all these things then they will be able to accomplish all tasks and activities in best possible
manner.
THEME 6: Kind of technology will make Internet of things game changer
Q6) According to your point of view which
kind of technology will make Internet of
things game changer in future?
Frequency
Artificial Intelligence 21
Machine learning 19
16
8
10
6
Electronic circuit design
Programming language
Networking
Cloud computing

Interpretation: Above graphical presentation states that Artificial intelligence is one of the
effective techniques that enable to create internet of things in future and assure organisation's
success, with the viewpoint of 21 participants. Apart from this, 19 thinks that machine learning is
the way which gives ability to learn with data in agriculture field.
THEME 7: Negative impact develop on company after implement the Internet of things
Q7) What will be negative impact develop
on company after implement the Internet of
things at workplace?
Frequency
Security 10
Privacy 16
Compatibility and Longevity 14
Artificial Intelligence Machine learning
18
18.5
19
19.5
20
20.5
21
21
19
Column B

Interpretation: From the above graph, it is known that 10 respondent think internet of things
affect the security of the business and 16 people or voters believe that it will affect the privacy of
the Softwire company. On the other hand around 14 members are preferring compatibility and
longetivity.
THEME 8: Impact of Internet of things on growth and profit
Q8) What is the impact of Internet of things
on growth and profit of company?
Frequency
Enhanced productivity 18
Minimum cost of production 10
Fast business activities 12
10
16
14
Security
Privacy
Compatibility and Longevity

Interpretation: To know the impact of internet on the business here there is a view taken from
50 respondents. From the above graph it is concluded that internet enhance the productivity of
the Softwire according to 18 respondent out of 50. Whereas only 10 people believe that it will
decrease the cost of production and contribute in the profit and there are also 12 people who
think it increase the growth rate of the business.
P6 Recommendations
As per the research it can be recommend to the Softwire company that they can adopt the
Internet of Things because it provides them a strong connectivity among the staff of the
company. There are some other recommendation to the organisation are define below as -
 Firm needs to implement digital tools effectively before using internet as a business toll
for transformation.
 Infrastructure of firm should have to be more appropriate in order to manage digital
resources properly.
 Organisation requires to analyse customers view more effectively in order to make
positive changes.
P7 Reflection
From the above project research I analyse brief information about uses of internet as a
effective source. This research reflect organisational aims and objective that identify me future
requirement of firm. In order to collect brief information I am choosing primary method in which
questionnaire method helps me to analysing user view point and their opinion toward new
18
10
12
Enhanced productivity
Minimum cost of production
Fast business activities

strategy and planning. On the basis of this, I can easily collect a authenticate data that represent
effectiveness of my business strategy.
CONCLUSION
As per the above it has summarised that for a business organisation, it is required to
implement several ideas and approaches that assist to enhance their business activities in target
market. Internet is a only sources that helps to manage business activities positively. This report
is represent effectiveness of internet sources that are uses to enchaining business objectives by
setting a clear goal. The objective of firm are all based on their future requirement that requires
to accomplish effectively. Project management plan of the research is uses to identify
requirement of researcher in order to manage a project effectively. All these activities and
approaches are based on methodology that determine view point of user on internet services.

REFERENCES
Books and Journals
Broekx, S. and et. al., 2011. Designing a long-term flood risk management plan for the Scheldt
estuary using a risk-based approach. Natural hazards. 57(2). pp.245-266.
Denzin, N. K. and Lincoln, Y. S. Eds., 2011. The Sage handbook of qualitative research. Sage.
Fleming, Q. W. and Koppelman, J. M., 2016, December. Earned value project management.
Project Management Institute.
Geraldi, J. and Lechter, T., 2012. Gantt charts revisited: A critical analysis of its roots and
implications to the management of projects today. International Journal of Managing
Projects in Business. 5(4). pp.578-594.
Hirshkowitz, M. and et. al., 2015. National Sleep Foundation’s sleep time duration
recommendations: methodology and results summary. Sleep Health: Journal of the
National Sleep Foundation. 1(1). pp.40-43.
Hwang, B. G. and Lim, E. S. J., 2012. Critical success factors for key project players and
objectives: Case study of Singapore. Journal of Construction Engineering and
Management. 139(2). pp.204-215.
Lakatos, I., 2014. Falsification and the Methodology of Scientific research Programmes.
Criticism and the Growth of KnowledgeÄ_Ä, ed. I. Lakatos and A. Musgrave (London:
Cambridge University Press, 1974).
Meredith, J. R. and Mantel Jr, S. J., 2011. Project management: a managerial approach. John
Wiley & Sons.
Peters, M. J., Howard, K. and Sharp, M. J. A., 2012. The management of a student research
project. Gower Publishing, Ltd..
Wahyuni, D., 2012. The research design maze: Understanding paradigms, cases, methods and
methodologies.
Westerman, G., Bonnet, D. and McAfee, A., 2014. Leading digital: Turning technology into
business transformation. Harvard Business Press.
Wilson, J., 2014. Essentials of business research: A guide to doing your research project. Sage.

LOGBOOK
PROJECT LOGBOOK
Name :
Project Title :
Date :
Update on Weekly research/ tasks achieved
Points to consider : The present topic that was completed was based on impact of Internet of
Things on transformed business activities. Yes all task need to be fulfilled. Yes, entire task has
been completed according to the guidelines that was provided and under deadlines as well.
There was no need of using any alternative project plan in order to complete the task.
Any risks and / issues identified?
Points to consider : While conducting this research risk factor was there and it was of collecting
data from different sources. Yes, additional problems was also there which was related to
budget as available funds was not appropriate.
Problem encounter : Under this category both time and cost are consider as the biggest problem
as I was running shortage with both of them.
Points to consider :
What have I learnt about myself this weak ?

Points to consider : In order to overcome with the problem I talked with various stakeholders
and investors who can provide funds for operating their research in a better manner.
Task planned for next week
Points to consider : Internet of Things helps in connecting with many devices and other
equipments.
Project plan status to date (on, ahead, behind) : It assists the company to determine the
innovative methods to decrease chances of problems. Yes, it is useful to finish task. I
contributed my skills and knowledge and perform the project in proper manner. I had to
improve my interactive skills. Learning helps in interpreting information in proper way which
help company to take decisions.
Supervisor comments to address : Under this, the priority basis task are gathered in an
appropriate objectives and goals. No, I do not have the efficient time to complete project.
Performance Review
What was the project supposed to accomplish?
The project is based on Internet of things that assists to gain the organizational goals and
objectives.
Did the project succeed in its aims? How do you know? Specifically, please outline any
evaluation and assessment undertaken.
Project has been implemented successful as it can be seen through the enhanced connectivity
in the workplace and with the clients as well. It can be analyse through the present performance
of the company as it raise the customer demands and their interest in the company.
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.
The project worked well because there were lack of connectivity among the employees and to
overcome that they needed such technology that can resolve the differences. Therefore, Internet
of things solved their issues. It manages all the activities among the employees with an effective
connection.
What problems emerged during the project and how were they tackled? Was there timely
identification of issues and resolution during the project process?

The major problem of project is to caters the funds that will carry out the entire process and in
the beginning phase all of the resources are managed well.
What did you learn from undertaking the project?
I have came across several issues such as managing the assets which are required to establish a
system. Moreover, I have also learned to identify the risk and finding the solutions in an
appropriate manner.
How would you rate your performance as project manager?
I will rate my performance for 9/10 as a project manager.
What strengths and weaknesses of your performance did you identify?
My strengths are I am confident to work on it and learning new things whereas my weaknesses
can be managing the things in a specific time limit.
How will this inform and support your continuous professional development?
I can take it as continuous professional development because it enhances the skills and
knowledge for the future career opportunities.