Managing Successful Business Projects - Doc

Managing Successful
Business Projects

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Project aims and objectives...............................................................................................1
P2 Project management plan that covers aspects of cost, scope, time, quality, communication,
risk, and resources..................................................................................................................3
P3 Work breakdown structure and Gantt chart to provide time frames and stages...............4
TASK 2............................................................................................................................................7
P4 Small-scale research by applying qualitative and quantitative research methods............7
TASK 3..........................................................................................................................................10
P5 Research and data using appropriate tools and techniques.............................................10
P6 Recommendations as a result of research and data analysis...........................................18
TASK 4..........................................................................................................................................18
P7 Value of undertaking the research to meet stated objectives..........................................18
CONCLUSION..............................................................................................................................19
REFERENCES .............................................................................................................................20

INTRODUCTION
Digital businesses use the technology to develop new value in models of business,
consumer experience and also internal capabilities which support the core operations. Digital
technology helps in transforming business activities and operations in an effective manner. It is
branch of scientific knowledge that deals with development and practical use of the digital
systems, methods etc. Digital technology consists all kinds of applications as well as electronic
equipment’s which use information in terms of numeric data (Da Xu, He and Li, Stankovic,
2014). This present report is based on Continental Consulting Limited that works on Business
Process Re-engineering and existing consumers consists medium and small size manufacturing
organisation. Under this mention report there will be discussion about the project aims and
objectives. Project management plan that covers the various aspects such as time, cost, resources,
scope, quality and resources will be mention in given report. In this report, small scale
investigation is conducted by researcher through using qualitative and quantitative methods of
research in order to meet with objectives and aims of project.
TASK 1
P1 Project aims and objectives
In modern era, execution of digitalisation is necessary and helpful in transforming
business. Digital technology changes way of work and living of people because through use of
digitalisation people can easily carry out their working in specified time. Companies can attain
the significant innovation by use and deployment of digital technology. Under this, technology
for an instance artificial intelligence, machine language, collaboration, analytics, internet of
things etc. are helpful in improving effectiveness and efficiency for business form and its IT
operations. In today's competitive market, there is a need of emerging technology to enable
workforces and engage consumers. With the help of using digital technology, firms can conduct
its business operation with in less period of time (Bi, Da Xu and Wang, 2014). It enhances
effectiveness of workforce and engage large number of consumers towards company at the
market place. In addition to this, change is necessary to maintain the competitiveness as well as
attain performance objectives throughout company. The Internet of Things is a technology that
lead digital connectivity to different sensors and devices in business. It is system of the
interrelated computing devices, objects, people and digital machines which provided with the
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unique identifiers as well as ability to transfer information and data over network without needs
person -to- person or human-to-computer communication.
Topic: “The impact of digital technology supporting small business growth and innovation”.
Background
Internet of Things is ecosystem of the connected physical devices which are accessible by
internet. It can connect many devices embedded in different systems to Internet. Connectivity
helps in capture more reliable or accurate data from several places, assuring methods of
enhancing effectiveness and improving safety and security. It is transformational forces that aids
business organisations to improve the performance of company with the help of using IoT
Security and IoT analytics to give the better outcomes. Internet of Things can assess companies
to minimize cost by improve efficiency of process, productivity and utilization of asset (Riggins
and Wamba, 2015). Which makes improvement in tracking of objects or devices using
connectivity and sensors, organisations can get advantages from the real- time analytics as well
as insights which help to make smart decisions. Convergence and development of things, process
and data on internet will make connections more necessary, develop better opportunities for
business organisations.
Continental Consulting Limited is small size company and its main business us to
Business Process Re-engineering and existing customers involve small and medium production
firms. At beginning stage of this company, it procured computer, IT facilities and latest
equipment’s. In order to capture the large market share, this organisation use Internet of Things
technology.
Aim: To identify influence of 'The Internet of Things’ in connecting and integrating systems. A
Case Study on Continental Consulting Limited.
Objectives:
 To evaluate concept of The Internet of Things.
 To identify benefits of The Internet of Things on business of Continental Consulting
Limited.
 To analyse relationship among The Internet of Things and connecting systems.
Questions:
 What is the concept of The Internet of Things?
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 What are benefits of The Internet of Things on business of Continental Consulting
Limited?
 What is relationship among The Internet of Things and connecting systems?
P2 Project management plan that covers aspects of cost, scope, time, quality, communication,
risk, and resources
Project management plan is a document which manager uses for execution of project in
systematic manner. It is an important tool which is constructed by them to monitor and control
activities which are conducted for completion of project. This help management to overcome
issues which might occur while execution of activities. Scope, time, cost, quality, risk
management and communication are various elements which help manager in success of project
(Jin and et. al., 2014). These are components which are used by business person of Continental
Consulting Limited to enhance performance and construct strong brand image in market. Thus,
this is description of factors which are considered by project manager for success of project are
stated below:
Scope of project: With implementation of internet of things aid management of
Continental Consulting Limited to enhance business operations. This technique benefits
company to build strong brand image in respect to competitors. In addition of this, IOT have a
huge scope in which it provides a specific and unique opportunity for Continental Consulting
Limited to turn data into insights. As it improve sensors, connections of device and many more
that directly contribute in enhancing positive image of the company.
Time: Management require sufficient time for execution of activities properly, so that
project is accomplished within time allotted from top personnel. For this, schedule is formulated
in which tasks are arranged in systematic order for execution of favourable outcomes. Along this,
manager give direction to subordinates to make them perform operations and complete project
within defined time frame (Fang and et. al., 2014). Management of Continental Consulting
Limited uses internet of things which aid them to utilise time properly. This technique helps
them to communicate to public about consultancy services. Along this, employees are easily able
to connect and maintain relations with clients. The time period which is required effectively
implement IOT is around 6 months.
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Cost: It refers to the total amount which is essential for completing every project. Proper
funding supports project manager to perform all activities in the given period of time effectively.
It is required by every project manager to formulate appropriate budget plan for the purpose of
determining actual expenses and revenue while executing project. Internet of things help
manager of Continental Consulting Limited to utilise resources and reduce expenses. As it helps
in accomplishing project process smoother. In addition to this, preparing budget also guides the
project manager to not waste money on non - essential works.
Particulars Amount
Initial investment 100000
Expenses:
Research and developmental activities 25500
Operational expenses 15600
Cost to IT experts 21500
Maintenance 16400
Licensing fee 6000
Closing value 15000
Quality: Quality refers to the features of product which have ability to satisfy needs of its
user. It is essential for every project manager to focus on the quality as it helps in reflecting
ability of organisation at market place. In context to Continental Consulting Limited, this
company performs their business at small level (Tsai, and et. al., 2014). Manager of this
company majorly emphasize on providing quality services to its customers for developing
positive relationship with them. This helps company is increasing number of satisfactory
customers. IOT is tech logical based aspect which is required to be implemented under the
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