logo

Managing Successful Business Projects in Digital Era

   

Added on  2020-06-03

24 Pages5254 Words138 Views
Managing A SuccessfulBusiness Project

INTRODUCTIONBusiness enterprise of this era are getting very advanced and modernise because of highuse of technology. In present time, there are various technical inventions which helpsorganisation in enhancing their financial profit and minimising their operational cost. So, it canbe said that digital technology have increased the growth and development of all businessenterprises. With the help of modern and fast technology, organisation can operate its activitiesand practices in most effective and systematic manner (Clark, Irvine and Nguyen, 2014). Also,digitalisation helps company in storing important and confidential data secure, and assist insharing essential information. In modern world, digitalisation has become most important factorwhich can lead company to high level of success and growth. This project report is based on4com Plc, which is small business enterprise. In this project, various things has been discussedlike setting aims and objectives, collecting and analysing data which helps in completingsuccessful project. On the basis of collected information, meaningful recommendations has beenprovided. Various things has been analysed in appropriate manner to compete research project inmost effective manner. TASK 1P1 Project aims and objectivesIn modern world, because of internationalization and maximum use of modern toolsmarket rivalry is maximizing day by day. To survive in such contending market place, it isextremely essential for companies to take help of digitalisation because its is singlecomponentwhich might advantage business to broad level of attainment and development. Also, digitaltechnology aid organisation in operative its enterpriseacts in suitable ways which provideadvanced fiscal net income to company. Digitalisation influence a very positive impact oncompany because it helps in management section in taking right decision. Digital technology isone of the revolutionary technique, which helps company in storing and transferring information,also its helps in producing more innovative and unique product so that organisation can attracthuge number of customers (Fernandes, Couceiro And Portugal, 2015). Cloud technology isbiggest tool of digital technology which helps business enterprise in transferring information.Digitalisation provides various online platforms to organisation such as social media channels bywhich it can promote its products in appropriate manner. With the help of online promotion,1

company can reach to huge number of people and also can build strong relation with itscustomers. Hence, it can be said that digital technology aids business enterprise in different wayswhich influence positive impact on organisational growth and development (Serra and Kunc,2015). Topic: ''Effect of digital application in supportive small enterprise development andinnovation'' Background of project: To cope up with enterprise surroundings, is extremelycrucial fororganisation to operate its activities and practices to consider all environmental factors. Out of allenvironmental forces, digital technology is most significant factor because its influence positiveimpact on all companies. Also, it helps in operating business activities in most effective mannerso that enterprise can lead to high level of growth. With the help of digitalisation, organisationcan bring forth advanced and specific merchandise which can help it in attracting huge numberof people and satisfying customer needs. By taking help of cloud technology company can makeuts data secure and safe. 4com is specialised in proving telecom services. By innovating itscurrent product line it can achieve competitive advantage within market place and also can growits business in right manner (Henderson, Selwyn and Aston, 2017). Aims: There is always a aim for conducting research report. The motive of this investigationreport is to determine effect on digitalisation in encouraging commercial enterprise developmentand innovation. Most essential aim of this investigation are follows as under: This report will helps in identifying that how digital technology influence impact oncompanyTo identify that how digitalisation helps in enhancing business growth and innovation. Objectives: To determine the impact on digital technology on business enterpriseTo identify need of digitalisation in supporting SBE growth and innovationTo evaluate the significance of digital technologyResearch Questions: How digital technology influence impact on business growth and innovation?Why digitalisation is important for organisational development? How digital technology is important for business growth? 2

TASK 2P2Project management planProjection administration plan is that concept which helps in operating commercialenterprise activities in suitable ways so that they will generate advanced fiscal net income. Withthe support of this, investigator can compete their inquiryactivity in most effectual manner. Itinvolves various elements such as cost, quality, risk, scope, communication and resources.Without have these aspects, researcher can not compete his research in appropriate manner andalso can not achieve desired goals and objectives. So, it is highly important for all investigatorsto consider all these components while making project management plan. Also, it helps inmanaging a successful business project. 4com wants to enhance its profit, organisational growthas well as innovation (Hewson and Stewart, 2016). For accomplishing their desired results, ithave to consider some points which are discussed as under: Scope of product: While conducting any investigation report, it is extremelyindispensable fororganisation to consider scope of that project. Scope of this current project is very high becausetheir are lots of opportunities which can help business enterprise in organisational growth andalso assist in increasing financial profit. With the help of of digital technology, organisation canexpand their business in all over the world, also, can produce most innovative products. Risk management: There are severalinterior as well as extrinsic risks that can causingcountereffect on 4com (Silverman, 2016). So, it is huge responsibility of company to identify all thosepotential risks and also find their solution so organisation do not have to face any problem in itsproject management plan. By managing all kind of risks business managers can take mosteffective and successful decisions. Quality control: For better success of business growth, it is extremelycrucial for company tofocus on its product quality so it can attract huge number of people. By taking help ofdigitalisation, 4com can make appropriate changes in its current product line which lead itsbusiness to high level of growth and development. If company will focus on quality which its isgiving to its customer then it can retain them for such long time period. Hence, it can be said thatit is highly essential for company to give core attention to quality control (Hynan, Murray andGoldbart, 2014). Cost: By taking aid of extremity technology, institution can enhance its production procedurewhich might support it in reducing its serviceableprice and increasing its financial profit.3

Digitalisation assist organisation in producing its goods and services most effective mannerwhich do not increase its operational cost. Time: Organisation can lead to advanced level of prosperity and ontogeny only if its activitiesget competed on given duration.Thus, it is really significant business managers to assign periodbound to all and every action so they it can complete in fewestefficacious and systematisedmode. By accomplishing this, researcher can also complete his research work on given time. Communication: In this concept which assist in maintaining healthy operative surroundings atworkplace. For completing business activities and practices in most effective manner it is highlyimportant for managers to communicate necessary information to employees and businessassociates. With the help of help of this, workers can clearly understand the project goals andobjectives, and then can accomplish them in appropriate manner (Marcelino-Sádaba, Pérez-Ezcurdia and Lazcano, 2014). Resources: For operating business or research activities and practices, it is highly important formanagers or researchers to collect appropriate resources. It includes human, financial andtechnical resources. Without the help of these resources, no investigator can make his researchwork complete. Hence, these are some most important components which are required for executingproject management plan. By determining above mentioned points, investigator can absolute hisinvestigatingactivity in much suitable and organized style, and also can accomplish his desirablegoals and objectives. TASK 3P3 Work breakdown structure and Gantt chart for undertaking completionWork breakdown structure is that systematic concept which aids in disjunctiveenterpriseaction in small parts s that they can be completed in appropriate manner. In modern world,market competition is growing very fast. In order to last in these contending marketplace, it hasbecome mandatory for all organisations to operate their functions in most effective manner. Theycan operate their functions in appropriate manner only by divide them in smaller tasks. Workbreakdown structure ensures that business project will be produced and implemented in differentlevels (Schwalbe, 2015). By taking help of work breakdown structure 4com can operate itsorganisational activities and practices in most systematic manner. This concept helps company in4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Managing Successful Business Project - Assignment (DOC)
|22
|5964
|26

Impact of Digital Technology on the Growth of 3Com
|26
|4851
|49

Report on Digital Technology in the Context of Rolex
|18
|4527
|65

Managing Successful Business Assignment - NISA
|25
|5464
|32

Managing Successful Business | Project
|23
|5913
|62

The Impact of Digital Technology on Business Activity
|27
|4793
|69