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Managing Successful Business Project Contents

   

Added on  2020-07-22

27 Pages4875 Words451 Views
Managing SuccessfulBusiness Project

ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Project aims and objectives....................................................................................................1P2 Project management plan covering aspects of cost, scope, time, quality, risk andcommunication.............................................................................................................................2P3 Work breakdown structure and Gantt chart............................................................................5M1................................................................................................................................................6TASK 2............................................................................................................................................7P4 Research by using methodology.............................................................................................7M2 Accuracy and reliability of different research methods......................................................10TASK 3..........................................................................................................................................10P5 Data analysis.........................................................................................................................10P6 Recommendation..................................................................................................................17M3..............................................................................................................................................17TASK 4..........................................................................................................................................18P7 Self Reflection......................................................................................................................18M4..............................................................................................................................................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20APPENDIX....................................................................................................................................21.......................................................................................................................................................24

INTRODUCTIONIn today's modern era various innovation in technologies are rapidly take place within thebusiness activities which helps in improving overall performance of the company at marketplace. With the help of new and advance technologies business easily expand their operationalactivities in new areas. In simple word we can say that digital technologies largely impact onoperations which changes business activities a lot (Forsgren and Johanson, 2014). In past yearevery organization use manual process to store and execute their process as well as data but nowtoday's modern market digital technologies help in storing all the amount of data in effectivemanner. Present report is based on The Queensberry Hotel which operate their business inhospitality field in London, UK. This project include aims and objectives of the project which isrelated with current technologies. It also includes work breakdown structure and Gantt chartwhich helps in evaluating the performance of the company. Along with this quantitative andqualitative approach is also used in this project to undertake research in effective manner. Projectmanagement plan is also mentioned in this project which focus on cost, time and many more. Atthe last of report some recommendation is also discussed in their research.TASK 1P1 Project aims and objectivesIn today's modern era, changes are rapidly take place in business organization. It is moreimportant for the enterprise to adopt new and digital technologies to produce as well as deliverquality services to their customers as per their requirements. One of the important benefit ofusing advanced technologies to improve overall business activities in which top levelmanagement easily take better and right decision. With the help of this company easily achievecompetitive advantage from its rivals. In this context, The Queens berry Hotel also use new andadvanced technologies to improving their performance level at market place and also able toservice quality services to their potential customers (Gharajedaghi, 2011). If company spendtheir money in right areas than they easily reduce their production cost and retain in market formlong time period. With the help of this manager of the hotel easily recoding all the data andinformation of travelling and its customers. If company adopt cloud computing than they easilyexpand their services in various areas and also store lots off data about their customers insystematic manner. 1

Topic: Impact of digital technologies on business growth and its innovationBackground of project It is more important for every organization to satisfy customers’ needs as per theirrequirements and also maximize their profitability. It helps in capturing large market share formits rivals (Haley, Haley and Tan, 2011). For this it is necessary for the company to change theirbusiness operation as per business environment so that they easily service better services in frontof customers. Digital technologies are one of the important aspect which helps in increasingoverall performance of the firm at market place. In this cloud computing is an importanttechnology which helps in reducing the cosy of string activities. In this context, The Queensberry Hotel is 3star hotel they provide quality services at affordable price which aid in improvingthe brand image in customer’s mind. In recent time they use some old technologies but they wantto adopting new technologies such Cloud computing in order to improve their performance levelat market place.Aim: To evaluate and measure the impact of digital technologies on overall performance andgrowth of the business.Objectives:To evaluate the effectiveness as well as effect of digital technologies on operationalactivities of the company.To determine the business transformation needs. To evaluate the role of digital technologies in business organizations process.Research questions:How digitalisation define their impact on business activities (Kowalkowski, Kindströmand Brehmer, 2011).What type of changes are needed in business process?How digital technologies helps in forming information in the business. P2 Project management plan covering aspects of cost, scope, time, quality, risk andcommunicationProject management plan is one of the important written documents in which all theoutlines of main activities are evaluated. With the help of this company easily reach at endresults and improve their quality performance (Kumar, Petersen and Leone, 2013). In absence ofplan business cannot able to perform their operations task in effective manner so that it is2

important for executing all the business activities in most effective manner. It also defines theeffectiveness and efficiency of the plan which provide ling term benefits to the company inwhich they easily increase their profitability level at market place (Mathur, Mathur and Kenyon,2012). Effective project management plan defines all the information about cost, scope, time andquality of research as well as project. In this context, Queens berry Hotel wants to expand theiroperational activities so that it is important for them before expanding their business. For thisthere are some important points which have to considered by the manager at the time of makingproject plan all are as follows:BasisDescription of the project management plan Scope of projectIt is important for the manager to identify the scope of project in orderto achieve its objectives in effective manner. So that manager identifyneeds of the project related with the up gradation of all the technologieswhich helps in analysing the performance level of the company inmarket place. With the help of this manager easily analysis the changeswhich leads in reducing the cost of operational activities of the Hotel. Intoday's business environment various opportunities are there in front ofmanager which helps in expanding the operational activities inappropriate manner.Management of riskIt is more important for the manager of the company to manage risk ineffective manner so that hey easily execute their process and achievepositive results. In today's time employees have less skills of operatingnew and advanced technologies in this digitalisation is more difficultfor them (Matos and Silvestre, 2013). They also fail in working on newsoftware so that it create more risk within the organization. For resolveas well as manage this kind of risk manager of the Hotel provide bettertraining and development programs to their workforce in which theygive direction to use new technologies. Along with this there some risksare related with the research in which primary research provide wronginformation which get unless for the project. This type of risk solved byeffectively checking of background of participants in order to reducethe chances of arising risk.3

Quality controlIt is one of the important elements which helps in managing quality ofthe project in order to get all the goals and objectives in effectivemanner. Due to high quality of the research include formation of all thecharts and graphs to managing their quality of the work in mosteffective manner (Morrison, 2013). In this context, manager of theHotel buy new and latest software to implement better digitalisation intheir company so that they reduce the chances of arising conflictsituation at workplace.CostProject cost is little bit high which is affordable by the Hotel in effectivemanner. In this company also buy new software for managing theirprocess in more effective way in this they provide better training anddevelopment programs to their employees in order to perform their bestand achieve positive results (Polonsky and Waller, 2014).TimeIt is important factors for the researcher to compete their project inspecific time period so that they improve their quality performance inorder to get better results. With the help of this Queens berry Hoteleasily achieve maximum profitability in specific time period. Effectiveimplementation is important for the company to achieve all theobjectives in most effective manner.CommunicationIt is more important for manager of the company to achieve all theobjectives in effective manner. Effective communication with all thedepartments that include in project research is more important. With thehelp of this researcher easily reduce the chances of arising the issues. Inthis context, they use formal communication to interact with internalpeoples to collect all the information about the project and itsobjectives.ResourceFor completing all the process proper resources is more important inwhich researcher easily achieve their project objectives in effectivemanner. It include financial resource, human resource, technologicalresource and many more all are helps in attaining positive results inappropriate way.4

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