Essay on Managing Successful Business Project

MANAGING SUCCESSFUL
BUSINESS PROJECT

Table of Contents
PART 1 PROJECT MANAGEMENT PLAN ................................................................................1
P1 Aims and objectives...............................................................................................................1
P2 Project management plan with incorporate costs, scope, time, quality, communication, risk
and resources...............................................................................................................................2
P3 WBS and Gantt chart ............................................................................................................4
P4 Carry out small scale research with qualitative and quantitative research methods..............6
P5 Research with using appropriate tools and techniques........................................................17
P6 Communication appropriate recommendation.....................................................................19
P7 Reflection ............................................................................................................................19
PART 2 PROJECT LOG BOOK...................................................................................................19
PART 3 PERFORMANCE REVIEW.............................................................................................2
REFERENCES................................................................................................................................4

PART 1 PROJECT MANAGEMENT PLAN
P1 Aims and objectives
Background
With respect to consider digital technology in hospitality industry, it can be stated that
they incorporate their functions and operations to make successful results. In this way, business
able to attract maximum number of customers from different areas of the world easily. Success is
also depends on assessment of risks that increases quantity and quality of goods and services. It
is important element to enhance more desired results (Nápoles, Appelle and Satterfield, 2016).
Computerised activities helps to make easy work and performances that increases positive
outcomes. Along with this, digital technology also provide creative ideas and access to expose
new diverse information.
Rationale
In order to conduct present study, it can be stated that digital technology must be focused
with different elements. As results, it fulfils several goals in creative manner. With this regard,
researcher will able to gain relevant work performance to attain more systematic work
performance in whole research (Fitzgerald, Kruschwitz and Welch, 2014). As per aims and
objectives, they should kept their information to focus and gain successful implementation of
new technology at workplace. New ideas and innovations will help to solve issues which reduce
effectiveness of the enterprise.
Aim: To analysis impact of digital technology on business development and profitability of
hospitality industry – A Case on Hilton Hotel.
Objectives
 To understand concept of digital technology in hospitality industry.
 To analysis factors that included in digital technology of Hilton hotel for development
and profitability.
 To interrelate digital technology and business growth of hospitality industry. To recommend ways through Hilton Hotel get successful results in business.
Research questions
 What do you understand by the concept of digital technology in hospitality industry?
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 What are the factors that included in digital technology of Hilton hotel for development
and profitability?
 How to interrelate digital technology and business growth of hospitality industry?
 What are the recommendation provide to Hilton hotel to make successful results in it?
P2 Project management plan with incorporate costs, scope, time, quality, communication, risk
and resources
In project management plan, there are several elements covers that assists to meet with
desired results and outcomes. With this regard, following elements included to make successful
results at workplace of research:
 Cost: Determining cost function in initial stage of project management plan assists the
firm in managing effective planning. Therefore, in accordance with digital technology
project, the Hilton hotel will invest 4 percent of its total revenue every year in social
media, internet tools, etc. (Fichman, Nambisan and Halpern, 2014). In addition to this,
cost also help to identify appropriate development which helps to focus on maintaining
desired results. On the basis of appropriate alignment of cost, researcher get effective
information.
 Scope: Deriving scope plays an important role as it helps in determining the interest of
firm in changing plans. However, as per aim of project, the restaurant has planned to take
initiatives for implementing digital technology with increasing profits. In order to
determines digital technology, it can be stated that there is wide scope to measure its
effectiveness. It helps to increase profitability and productivity in business in successful
way.
 Time scale: The hospitality industry monitors business plans and procedures regularly in
order to maintain sustainability of functions. However, to set strict measure of in research
project, so that management will modify programmes and policies of enterprise in every
six months. Setting time constrains for management is step which helps organisation in
managing successful business project (Collins and Halverson, 2018). In respect to
accomplish results, 2 and half months have been taken to accomplish project
management plan. It increases effectiveness with using digital technology at workplace of
research.
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 Quality: Quality is the major aspect of food business and therefore it will ensure
implementation of successful project plans. Further, the enterprise will implement use of
quality check tools like Benchmarking in which the management will be able to evaluate
performance of restaurant according to competitors. In addition, Hilton Hotel will
implement the use of key performance indicator in which entity will quantify
performance on basis of achievement within time constraints (Mohr, Lyon and Schueller,
2017). Every person has major concern towards quality. Therefore, it is important to
collect data that are qualitative and standards also maintained to accomplish aim and
objectives in positive way.
 Communication: Communication plays a prominent role in managing the project and
changes in policies and plans. However, in accordance with Hilton Hotel activities, the
restaurant will modify its communication structure and will turn it into flat instead of
hierarchical communication (Bondy, Moon and Matten, 2012). This will help the
management in interacting with every employee and customers which is the best way to
determine further improvement measures. In order to formulate more effective
functioning, it is essential to maintain appropriate communication among researcher and
respondents. This is because, it increases effectiveness to develop ideas and opinion with
each other in systematic way. On the basis of opinion and ideas, it can be stated that
desired results will be gain successfully.
 Risk: Risk is the common part of project and is uncertain. Therefore, the hospitality
business will make use of risk assessment tool when applying plans and policies of
corporate social responsibility (Bhattacharya, Korschun and Sen, 2017). Further, the tool
will assist in determining risk at initial stage which will aid in setting risk mitigation
strategy like optimum utilisation of resources, minimum consumption of natural
resources like water and energy. In the research, time and money main risk to considered
overall effectiveness. It creates challenging environment in project management plan to
operate functioning in positive way. Consequently, researcher need to focus on
assessment of these risks to attain overall aim and objectives in positive consideration.
 Resources: Resources are the most crucial part of project management plan because it
helps in executing programme for accomplishing goals and objectives. Therefore, the
resources required for implementing digital technology strategies with different activities
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