Managing Successful Business Project Sample
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Added on 2020-06-04
Managing Successful Business Project Sample
Added on 2020-06-04
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Table of ContentsINTRODUCTION...........................................................................................................................1Project Aim.............................................................................................................................1Project management plan.......................................................................................................2Work break down structure and Gantt Chart..........................................................................4Research methodology...........................................................................................................5Content Analysis....................................................................................................................7Reflection report...................................................................................................................17CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................20
INTRODUCTIONIn the modern era competition is too high, in such condition it is very important for thebusiness units that to adopts the latest technologies in order to bring innovation in the operations.This helps in improving operational efficiency and providing high quality products to theconsumers (BorghoffandPareschi,2013). Present study is based on Tesco, it is the internationalretail firm. Company provides retail products to consumers as per their requirements. It hasstrong supermarket chain across the world. The main objective of the cited firm is to providesatisfactory good to the consumers so that they retain in the firm for longer duration. Currentassignment will discuss impact of information technology on Tesco business. Furthermore, itwill explain methods to complete the project successfully. Project AimTechnological advancement gives strength to the firm and give t opportunity to improveoperational efficiency. Implementation of the latest technologies assist firms in making effectivecoordination with the consumers and identifying their needs. By this way managers can becomeable to offer them products and services as per their requirements. Information technology assistin identifying errors in the operations so that effective strategies can be made up to resolve theseissues (Bulgurcu,CavusogluandBenbasat,2010). Aim“To identify impact of information technology (IT) on Business performance: A study on Tesco”Information technology is very important for the company, use of internet, advancesoftware supports the firms in gaining competitive advantage. Benefits of IT for Tesco arediscussed as below:It helps in enhancing communication with the consumers. Email, Social networking sitesetc. help the entity in making effective coordination with the consumers. By this wayentity can get to know needs of clients and can offer them same products so that they feelsatisfied.IT equipments are beneficial for the Tesco in raising its operational efficiency level togreat extent. But some times these advance technologies impact negative on the firm as well. As thesetechnologies increase cost of the business (BorghoffandPareschi,2013). Tesco has to invest alot in order to implement the latest technologies in the workplace thus, it reduces net profit of the1
organization. Whenever technologies get changed and entity plan to implement new techniquesthen employees do not accept these changes easily, they resist changes. It creates conflictsituation in the Tesco which is difficult to handle for the firm. ObjectivesTo understand available information technologies that use by Tesco.To understand impact of information technologies on Tesco's operationsTo suggest ways to improve operational efficiency by implementing IT tools. Project management planBefore implementing any project researcher is required to make effective plan an. Thisplan supports the managers in designing activities and completing the project in accurate manner.ScopeImplementation of Information technologies is very important for grow of business. Ithelps in improving functionality of the firm and raising effeminacy level of the entity to greatextent. With the assistance of these technique entity can become able to bring innovation in thebusiness unit and improving its revenues as well (ZumitzavanandMichie,2015). Scope ofimplementing IT tools is very high, by this way Tesco will be able to improve its operationalefficiency and will be able to satisfy its consumers as well. Information technologies will bebeneficial for improving administration, storage, distribution and other business functions aswell. To enhance sales of the company by 30% till the end of 2019 is the main scope of thecompany. TimeTime is the major element that impact on entire project significantly. It is responsibilityof the scholar that to divide each activity properly and monitor these activities so that entireproject can be completed on time (SoniandKodali,2012). In order to complete the impact ofinformation technology on Tesco project researcher will have to divide activities intosubsections. Proper scheduling and breaking the teas into sub tasks will help the researcher incompleting the project within stipulated period of time. Time length of the present project is 93days. ResourcesResearcher will require various resources in order to complete this project in accuratemanner. Scholar will require time, monitory, human resource majorly. Individual will require2
human participants from whom individual can ask about the impact of information technologyon Tesco (Bulgurcu,CavusogluandBenbasat,2010). They can help in developing understandingabout the topic. Furthermore, researcher will require specific time in which this project can becompleted. Investigator will require funds for gathering data and analysis these details well. Ifthe person is having all these resources in adequate amount then kit will help in managing theproject well and accomplishing its objectiveCostCost is the element which is essential to be considered by the project manager whileworking on the project. Total cost of the project is 370. ActivitiesCostProject manager70Staff150Travelling100Utility bills50Total370QualityProject manager will follow standard carefully so that individual can match this quality.Manager will supervise each activity properly and if any issue is found then modification will bedone. Progress of the project ill be discussed in the meeting so that quality of this project canremain maintained (SaundersandBezzina,2015). CommunicationIn order to complete the project, project manager will have to communicate with allstakeholders by taking support of correct communication channels. In order to complete thisproject in effective manner, manager will have to conduct face to face meeting with all staffmembers (SoniandKodali,2012). In this meeting progress of the project will be discussed. Inevery 7 day this meeting will be conducted so that if any issue is occurring then it can beresolved on time. This communication channel will help in clear interaction with other staffmembers and minimizing confusion as well. Risk3
There are various risk associated with the impact of information technology on Tescobusiness project (BorghoffandPareschi,2013). One of the major risk is financial risk. It may bepossible that ineffective allocation of financial resources create difficulty. By this way wastagewill be increased and there will be shortage of funds. Apart from this, manager may face humanresource risk. Inefficient staff members and unskilled people may fail to fulfil theirresponsibilities in effective manner (Bulgurcu,CavusogluandBenbasat,2010). Scheduling riskis another major risk that can be taken place in the project. If manager fail to monitor activities ineffective manner then it would be problematic for the person to complete the project on time. Work break down structure and Gantt ChartWork breakdown structureGantt chart4
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