Managing Successful Business Project Assignment
Added on 2020-06-04
28 Pages5240 Words72 Views
Managing SuccessfulBusiness Project
INTRODUCTIONThere are various kind of technological development which are taking place within thecompany in modern scenario due to which entire process and operations are getting better andease. There is a platform of opportunities on which there are ample of activities which takesplace which can help in enhancing the growth of company. Moreover, digital technology mainlyhelps out in managing various kin of activities like gathering, analysing and thus storing up ofdata for taking up the steps in better and effective manner (Chesbrough, 2010). There are variouskind of tools and techniques which can be utilised for mainly communicating within thecustomers regarding the services. Company taken for this report is Equilibrium AssetManagement LLP which mainly deals in giving out the friendly expertise on the wealth alongwith investment management, pensions and estate planning strategies. There are various factorswhich will be discussed within this report is like drawing out the valid conclusion along withrecommendations. Moreover, there is project management plan which will be also discussedwithin this report along with defining up of certain aims and objectives. TASK 1P1 Aims and objectives of the projectWithin present situation, it is highly essential for company to adopt and utilise theinnovative and technologies with motive of enhancing their level of performance. There arevarious kind of needs of clients which is highly essential to fulfil with help of digital technology.There are certain kind of positive impacts which can be made on certain activities of business forattaining the competitive advantage (Ahmed Dine Rabeh, Jimenez-Jimenez and Martínez-Costa,2013). Equilibrium Asset Management LLP mainly has utilised the cloud technology as theonline database which is being mainly utilised for saving up of database which are being used toclients. This helps out company to have ease access for the essential files anywhere at anytimewhich can be utilised for showing to clients. This helps in giving out positive impact on the mindset of the customers which in turn can influence them to utilise the services in future time. Socialmedia is the tool which can be mainly utilised by the company to draw the attention of customerstowards the services provided by company. Major motive of adopting the digitalisation withinprocess is to improvise the level of production along with increasing the level of customers fortlong period of time. There are various kind of benefits which are being provided by digital1
technology is the operations which are being conducted becomes much more effective and betteroutcomes and thus can impact on the ratios in positive way. Topic: To apply digitalisation with motive of transforming the business process.Background of project:Every kind of business mainly emphasise their focus upon the level of performance by bringingpositive changes within the activities as per the advancement within current situations. There arecertain transformation which are taking place within the companies through digital technology .This in tun will give ample of opportunities for business expansion along with competitive placewithin market (Gebauer, Edvardsson and Bjurko, 2010). There are various kind of benefits whichcloud technology will give to secure up the data along with declining up of interference up ofexternal factors. This will bring improvisation within the services of the company and thusmodify them as per the desires of customers. Hence it is highly essential for a business to makethe aims and objectives before starting the new project for having better kind of results. Aims:Implementation of digital technology for bringing changes within business activities. Objectives:To find out the effectual execution of digital technology in a company.To determine the actual wants of business for activities arrangement.To criterion the entire effectualness of digital technology on business process and itschanges.Research questions:How digital technology can be applied within business process? Why it is highly essential for company to transform the business activities?What are outcomes of bringing changes within business activities?P2 Project management planProject management plan is on the essential activities which can be utilised andconducted by every kind of business working within marketplace. There are certain aims andobjectives which are being made to give out the better way of direction which will help inexecuting the business activities in effectual manner. There is the project management planwhich should be made by company in order to attain the certain targets and that too in allocatedperiod of time (Trimi and Berbegal-Mirabent, 2012). Major benefit which can be availed is thatit making the project management plan which in turn will mainly execute the entire level of2
business activities which in turn will lead to long term benefits. Moreover, it will help in givingout the guidance which can mainly define the scope of project like cost, resources, quality andother risk factors. This in turn mainly will help out in making the project much more successfuland thus the company like Equilibrium Asset management LLP will accomplish the objectivesby using out the effective tools and techniques. It is highly essential for a manager to have deepresearch about the all types of factors which can make impact upon the decision of final project.Below described are the factors: Scope of project: In current situation, clients needs and needs are change in quickspeed and innovation improvement is likewise happen in business. It give differentchances to the organization to give quality items and administrations according toclients request . With the assistance of this undertaking additionally grow their businessexercises in new area in which they accomplish better outcomes by conveying theiradministrations in advertise (Jones and Lubinski, 2012). In this, Equilibrium Assetmanagement LLP grow their online business in which they give their administrationson online stage which help in augmenting their benefit level in suitable way. The extentof this task is wide in which organization achieve different chances to accomplishaccomplishment at commercial centre.Management of risk: Before executing the various kind of activities it is highlyessential for a manager to have a look upon the risk management factors. In aspect ofthe mentioned company, it is the famous company which has effective services to begiven to clients. Services provided by this company will help out in attracting largeamount of customers. Along with this, company of the manager will mainly look out invarious kind of risk factors while making implementation of various activities forhaving maximum outcomes in proper manner. Quality control: This is one of the vital factor which is being utilised to attain theaims and objectives in allocated period of time. High quality of services will help out inincreasing the profit ratios within the marketplace along with obtaining competitive3
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Managing a Successful Business Projectlg...
|23
|3932
|316
Managing a Successful Business Projectlg...
|27
|5755
|215
Implement Digital Technology in Quint Group : Reportlg...
|25
|5759
|27
Managing Successful Business Project (Project 1) INTRODUCTION 1 Aims and Objectives of Project 1lg...
|18
|3956
|401
Managing Successful Business Essay - Marks and Spencerlg...
|24
|4426
|24
Managing Successful Businesses Assignmentlg...
|22
|3941
|28