(Solved) Assignment on Managing a Successful Business Project

Added on - 22 Nov 2020

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Managing SuccessfulBusiness Project
Table of ContentsTITLE..............................................................................................................................................3INTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3Devise project aims and objectives for a chosen scenario.....................................................3Build a project management plan that includes cost, scope and many factors.......................4Produce a work breakdown structure and a Gantt chart to provide time frames and stages forcompletion..............................................................................................................................6TASK 2............................................................................................................................................8Carry out small-scale research by applying qualitative and quantitative research methodsappropriate for meeting project aims and objectives..............................................................8TASK 3..........................................................................................................................................11Analyse research and data using appropriate tools and techniques......................................11Communicate appropriate recommendations as a result of research and data analysis to drawvalid and meaningful conclusions..........................................................................................2TASK 4............................................................................................................................................3Reflect on the value of undertaking the research to meet stated objectives...........................3CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................5
TITLE“How do multinational companies impact the business environment of the hostdestination e.g. a country, region, city?”INTRODUCTIONGlobalisation is the chain of activities in integrated form of people, organisations andgovernment of various nations and their free movement across boundaries. That movement ofgoods and services should be in unified and integrated manner that helps in enlarge businessopportunities in positive way. That report is based on impact of globalisation on the businessenvironment at host country destination it influences a lot in organisational growth. This reportis based on Zara SA which is an Spanish fast fashion retailer founded in 1975 and one of largestretailer in apparel. This report is based on project aims, objectives and time frame to accomplishin proper way. It also includes small scale research by collecting knowledge and information tosupport the project in better way. In it project by communicating in appropriate way by givingrecommendations. At last it includes values that gained by conducting a project for sustainableorganisational performance. It consisted Gantt chart and work break down structure toaccomplish an project at standard time frame. In that project plan should be framed byconsidering various factors such as cost of project, quantity , risk factor and communication withresources to accomplish at appropriate results.TASK 1Devise project aims and objectives for a chosen scenario.Overview of an organisation:This report is based on the Zara which is an Spanish Fast fashion retailer and founded in1975 and become the world's largest apparel retailer in whole world (Brady and Davies, 2014.).
It is an well known brand under flagship of Inditex group and their few clothes and accessoriesremain in latest fashion and in high quality but at affordable price.Aim: To analyse the impact of Multinational companies on the business environment of Mexico.A study of ZaraObjective:To identify the impact of multinational companies on the business environment of acountry.Question:What is the impact of multinational companies on the business environment of a Mexico.Build a project management plan that includes cost, scope and many factors.Project management plan created by project manager by taking inputs from project teamand their key stakeholders. It is an formal and approved document that elaborates about itsexecution, monitoring and control in proper way (Brady and Davies, 2014.). It is an kind ofsummary or document in detailed format in which baselines, management plans and activitiesand other planning documents includes. The main objective of that document it to defineapproach of project team with scope of a project. For a project plan some useful approachesincludes in it that are as follows:Cost:Cost is an important factor to accomplish desirable results related to a project, in case ofZara project manager there are some very significant factors of project and for that organisationhave to divide in many aspects of cost that are as follows:Direct cost:Direct cost which is directly accountable for a business object, in it includesproduction cost, raw material and labour cost.Indirect cost:In indirect cost that are not directly accountable for cost objects and it is in natureof either fixed or variable and includes administration, funding and marketing cost and manymore. The cost of Research 20000 £ are and project 11500 £.In that aspect some major factors related to cost that are as follows:ActivitiesCost (£)TimeProject execution500020 daysEmployee management300040 daysPreparing a draft for project plans1000060 days
Total18000Time:Time to accomplish a project is an important factor that helps in describe aboutorganisational activities to reach at desirable goals and objectives (Davies and Hughes, 2014.).While conducting research time frame is very much important to execute research and relatedtactics at proper time. In that aspect the time-frame to accomplish that project is 60 days andsome more days.Scope: To conduct research about to impact on business environment of multinational companiesof host destination.The scope of research should be evaluated by using various tools andtechniques such as quantitative and qualitative method that helps in reap out major results thatare important for an organisation on other hand scope of project based on expand market shareby enlarge opportunities in market of Mexico that helps to Zara in every aspect of organisationsuch as economic enhancement and enlarge business opportunities.Quality:Quality is an important aspect for every organisation and plays very crucial role tobring success in both project and research. To measure quality of a project, researcher usedvarious samples that give major outcomes to know viability of it. On other hand project helps inknow taste and preferences of consumers and bring changes accordingly so that project should begain success.Communication:Communication is an effective tool to share right kind of knowledge andinformation to host nation (Frankenberger and et. al., 2013.). In communication project goals,objectives and their role should be discussed in proper way so that project aim should beaccomplished in proper way. The main objective of that research is to find out impact ofmultinational company on business environment of host destination.Risk: While operate in different nations, there are lot of accountabilities on Project manager andlot of risk associated with project. The major responsibility of a project manager is to eliminaterisk factor at maximum level for that various kinds of strategies and tactics proved beneficial.Risk associated with every factor in that case research and project are very important to measurerisk factor. To measure risk researcher use quantitative method that elaborate each and everyfactor and for project they evaluate Mexico economy that are stable in nature.Resources:Resources are very much important assets of an organisation to execute project atappropriate time and in desirable manner (Davies and Hughes, 2014..). For that project team
have to assemble all necessary resources in which skilled labour force, raw material and tools toaccomplish desirable outcomes. Resources should be available in both tangible and intangibleform so in that particular project resources are skilled labour and finance. To carry out researchand project researcher need to tools and techniques, machineries and skilled labour force.Produce a work breakdown structure and a Gantt chart to provide time frames and stages forcompletion.Work break down structure refers to divide project in simpler and manageable tasks,project managers use that method to simplify the project execution. In that process larger tasksshould be broken down into manageable works (Heger and Rohrbeck, 2012). It is not restrictedfor a specific field when practically apply it into organisation. It also helps in set out all majorworks and activities by developing expenditure and project efficiency plans in proper way byZara. It proved beneficial for firms to avail resources and attain objectives to gain businessobjectives. The major reasons behind using WBS is to get accurate and accountable project andtheir results. Give proper responsibility to project team so that each can give their best byunderstand their roles in proper way. WBS can be build after identifying the main deliverables ofa project to deliver a work in proper way.
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