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P1 Devising aims and objectives for the topic for completing project

   

Added on  2020-12-10

27 Pages5293 Words341 Views
Managing Successful BusinessProjects

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1P1 Devising aims and objectives for the topic for completing project.......................................1P2 Producing project management plan covering cost, scope, quality, communication, time,risk and resources........................................................................................................................2P3 Preparation of Work Breakdown Structure and Gantt chart providing time frame...............5P4 Carrying out small-scale research by applying qualitative and quantitative methods...........6P5 Analysing research and data using relevant tools..................................................................9P6 Communicating recommendations and drawing valid conclusions.....................................19P7 Reflecting on own performance for meeting stated objectives............................................20CONCLUSION .............................................................................................................................20REFERENCES..............................................................................................................................22

INTRODUCTIONDigital technology has benefited small-scale businesses over past years. Present reportdeals with Continental Consulting Limited which is engaged in business process re-engineeringand clients include small manufacturing firms in London. It has felt that its business hasdecreased and rivals have beaten it. Report includes importance of digital technology whichsupports growth of small organisation. Aim and objectives are made along with projectmanagement plan. Furthermore, research has been conducted and data analysis made. Moreover,WBS and Gantt chart is made. Recommendations and conclusion is made and reflection on ownperformance has been done. Thus, research outcome is generated.P1 Devising aims and objectives for the topic for completing projectBackgroundDigital technology is helpful in gaining efficiency in operational activities (Hernandez,Prieto Martín and Ramalingam, 2016). Operations management is useful in business so as toconvert input into output in a better way. The efficiency in organisation can be achieved bywhich overall profitability can be increased. In relation to this, digital technology has impartedvalue to business in carrying out operational tasks. Present research is based on ContinentalConsultancy Limited which is finding difficulties as it has lost business to rivals. Hence, overalloperations can be enhanced with the help of digital technology. Furthermore, digitaladvancement has been fruitful for businesses in achieving results in a better way. Aim“To assess the impact of digital technology supporting small-scale business growth andinnovation - A study on Continental Consulting Limited”ObjectivesTo evaluate impact of digital technology on financial performance of ContinentalConsulting LimitedTo identify the ways digital technology is contributing towards innovation and growth oforganisationTo recommend ways for enhancing overall performance of Continental ConsultingLimitedResearch Questions 1

Q1. What are the factors that contributes success to Continental Consulting Limited byimplementing digital technology?Q2. Do implementation of digital technology contributes to ample of growth for small-scalebusiness?P2 Producing project management plan covering cost, scope, quality, communication, time, riskand resourcesCost-Cost is a crucial element in the business so that it may be able to complete stated projectin a better way. It is essentially required because if actual cost exceeds budgeted expense, thenentire project is affected quite adversely (Brody and Pureswaran, 2015). Thus, project needs tobe attained in accordance to budgeted expenses. In relation to this, budgeted cost sheet isprepared below-Budgeted cost sheet for ContinentalConsulting LimitedParticularsAmountServer expenses1500Networking costs1200Internet expenditures900Sales costs1200Research & Development costs1600Software expenses900Hardware expenditures900Support costs800Total costs9000Scope- 2

The scope of project defines whether company includes activities required for attainingresearch in a better way. Digital technology is a wide concept which provides ample of benefitsto organisation when it is deployed in normal operations. Project scope refers to resultaccomplished particularly, when the same is ready to be delivered to stakeholders in the bestpossible manner. Scope defines activities which are needed for completing project withinstipulated time. Moreover, present study has wide scope. Hence, it is an important element inproject management plan.Quality-It is another vital element in project management plan which highlights that company isrequired to finish off project quite efficiently (Morgan-Thomas, 2016). Quality is considered tobe as important part of plan which is made for ensuring that activities included in project will bedone in an effective manner and better quality of work will be accomplished. If quality is notappropriate, then project delivered would not be of utmost quality and satisfaction level of clientcannot be attained. The project quality will be taken into consideration and project could beachieved. Communication-StakeholdersInformationFrequency ofmeetingMethodofcommunicationFormatofcommunicationProject SteeringCommittee Top levelinformation,requests forfunding, plansand deviations Once in a monthMeeting formallyPower pointpresentationsProject ManagerResources, issuesrelating totechnology,analysingprogress ofproject atoperational levelOnce in a weekCommunicatingin formal meetingAgenda in formalmeeting BusinessSign-off, changesWeeklyEmailsPower point3

Managerto be made inbaselines,business needs,assessingprogresspresentationsProject TeamRisks involved,schedule ofproject, issuesand problems,and providingsolutionsOnce in a weekFormal meetingonlyFormal meetingTime-Time is a main element in project management plan by which firm is able to completeproject in a timely manner. It is the biggest constraint found in research project. It is essentiallyrequired that project should be completed within stipulated time so that deliverables may beprovided to customer. Deliverable project requires actual time needed for accomplishing it. Thisis considered until project does not get delivered. Direct relationship is found between costallocated to particular resource and amount of requirement within time. Hence, for completingproject on time, researcher has prepared Gantt chart and Work Breakdown Structure and 21 day swill be taken to complete project. Risk- There are various risks which can hinder completion of project on time. Riskmanagement is to be taken into consideration so as to carry out necessary steps taken by ProjectManager for overcoming risks and obstacles (Stankovska, Josimovski and Edwards, 2016). Thus,project could be attained by Continental Consulting Limited.Resources-For accomplishing project, resources are required in good quantum so that project can becompleted in accordance to resources availability. Human, technical, operational resources aresome of them which are required for attaining project. Hence, scholar will be able to accomplishstated project with resources in hand.4

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