Managing Successful Business Projects Analysation
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Added on 2020-10-23
Managing Successful Business Projects Analysation
Added on 2020-10-23
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Managing SuccessfulBusiness Projects
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P 1 Project aims and objectives.............................................................................................1P 2 Project Management plan.................................................................................................3P 3 Work breakdown structure and Gantt chart.....................................................................5TASK 2............................................................................................................................................6P 4 Small scale research.........................................................................................................6TASK 3............................................................................................................................................8P 5 Analysation of research using suitable tools & techniques..............................................8P 6 Recommendation............................................................................................................13TASK 4..........................................................................................................................................14P 7 Reflection.......................................................................................................................14CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................16LOGBOOK....................................................................................................................................17
INTRODUCTION Digital technologies refers to the electronic systems, techniques, tools, resources &devices which help in generating, storing as well as processing data. These includes cloudcomputing, artificial intelligence, social media, mobile devices, multimedia, 'The Internet ofThings' , Big data analytics, etc. (Stoshikj, Kryvinska and Strauss, 2014). Company can use suchkind of modern tools in achieving their predetermined aims and objectives. In past years,companies were using traditional business models and this is the main reason of the rate ofgrowth become slower. But now most of the ventures are taking use of these digital technologyin accomplishing commercial activities. This not only assist them in completing the same, butalso provides a golden opportunities of earning desired wealth. The present report is designed forshowing the influence of digital technology on growth of small and medium sized enterprises. Inthis context, Continental Consulting Limited has been selected which is dealing in the sector ofInformation and Technology. Aim and objectives along with project management plan is beingformulated by researcher so as to carry on the project. In addition to this, project managementplan is also designed for highlighting various aspects like cost, time, risk, etc. TASK 1 P 1 Project aims and objectivesTopic :“To determine the impact of digital technology supporting small business growthand innovation : A case study on Continental Consulting Limited”. Background of project :Digital technology has completely revolutionised the arena of corporate world. After theintroduction of modernised applications, Entrepreneurs are having so many opportunities ofdeveloping itself. They are now become able to raise their existing productivity as well asstandards of deliverables by applying digital techniques. Continental Consulting Limited is a famous research and business consultancy which isgoverned by its CEO named as 'Mario Bindas'. They are mainly known for Business Process Re-engineering. Products that is being offered by them are computer, recent equipments and ITfacilitates or services. But after passage of specific time period, rapid innovation has beenoccurred in the industry of Information & Technology. Due to this fact, their goods or servicesbecome outdated. As a bad result, key rivals are giving them strong competition since they are1
implementing digital tools and methods for developing merchandises. Large number ofcustomers are getting attracted towards creative and innovative products produced by theircompetitors. Thus, Continental limited was facing serious issue since offerings designed by themare usually not liked by civilians. In order to resolve this problem and attain strong position at market place, companyshould use digital platforms for creating unique trade goods and giving effective IT services.They can take help of Artificial Intelligence as this would drive innovation at their workplace. AIis a domain of computer science that used to emphasise the formation of intelligent machineries.The matter of surprise is its working nature i.e. these machines generally work and react as welllike human beings (Smith, Gonin and Besharov, 2013). Thus, this technique is effective in natureas it has the capability of creating a surprising business or corporate environment. So, it can besaid that if Continental Consulting Limited wants to bring innovation and creativeness at theirworking premises, then they can choose can use Artificial Intelligence for same purpose.Regarding this, higher authority such as Deputy Head of Business Research and Section headperforming under mentioned corporation has made certain aims and objectives which ispresented below :Aim : “To ascertain the influences of Artificial Intelligence on the production and salesdepartment of company: A case study on Continental Consulting Limited ”. Objectives :To determine the necessity of using digital technology at Continental Consulting Limited.To access the significance of Artificial Intelligence in Information and Technologyindustry.To evaluate the effects of Artificial Intelligence upon the production & sales sector ofcorporation.To ascertain the consequences of utilising modern tools on the growth and innovation ofContinental Consulting Limited.Research Question :What is the requirement of applying digital strategies at Continental Consulting Limited ?What is the importance of Artificial Intelligence in the field of IT ?What are the implications of using Artificial Intelligence on the sales and manufacturingdepartment of organisation ?2
What are the outcomes of introducing Artificial Intelligence in development andinnovation of referred corporation ? P 2 Project Management planBusinesses always make plan or scheme before adopting new techniques so that it canprovide maximum benefit to the undertaking. It is a formal document which is prepared toproperly manage the project. It tells business how the project is executed ,monitored andcontrolled (Bakker and et. al., 2013). By the help of this plan organisation able to get rough ideaabout the cost involving in the project, what type of resources needed to achieve business goal,and time required to fulfil a task. It was done in the enterprise so that they can make arrangementof all these things before implementing it. These are the important part of organisation withoutdetermining it the head of the different department not able to achieve long term success. Projectmanagement and its related factors are given below : Cost : In today 's scenario the first thing after idea is the money to bring into existence.Cost is the value of money which business use to produce something or deliver a service. Tocarry different kind of activities undertaking require lot of fund. There are various factors in theorganisation which can increase or decrease cost like raw material, labour wages and contractormargin. Cost should be known before implementing it so that it can't harm business activities.When the Continental Consulting Limited company make efforts to implement a new product ortechnology like artificial intelligence than they should have clear and proper estimation of thetotal expenditure. Research and development estimates the cost of project varies between£25,000 and £50000.The cost of project can also increase or decrease on the basis of prevailingmarket situation. A business can get cost of new technology by reducing useful or extraexpenditure of the undertaking. Earlier some businesses do lot of expenditure on the paper intheir work premises to carry out regular working, which is very unwanted in the enterprise(Basu, 2014). If Business use paper than they should cut down in them to save the money of theorganisation. This type of saving can be used in the implementation of the new ideas andtechniques.Scope : The scope of this project is excellent because it provide new product andtechniques in the IT sector which nobody providing at current time. These new ideas helpbusiness to provide unique or different product at low cost.3
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