Managing Successful Business Project Assignment - Continental Consulting Ltd
Added on 2020-10-22
24 Pages5017 Words426 Views
|
|
|
MANAGING SUCCESSFULBUSINESS PROJECTS1
INTRODUCTION For growth and successful management company depends upon effective planning andcontrolling of business operation performed within an organization. Digital technology has beenconsidering one of the most effective tool in increasing efficiency and effectiveness of businessoperation at next level (Adzic, 2011). So different techniques are being adopted by companies for prominent utilization ofdigital technology that attain in effective execution of business activity for betterment inoperational performance and management. This project report pertain the brief descriptionregarding aim, objective, information and time frame depends on digitalization of world.Importance of management plan is covered that covers the aspect to communicate the risk anduseful sources held with the organisation. Continental Consulting Limited is adapted to executedigital technology to support small business projects. A research program required to conduct inthe form of questionnaire to gather information for assisting projects.TASK 1P1. Project aim and objective.Continental Consulting Limited is an average scale business firm that provides researchand business consultancy services in the different part of London. Company provide differentservices such as business re-engineering and potential customers for small and mediummanufacturing companies located in UK. Crucial point of this association is to designate fittingworkers for their customer organizations. Continental Consulting Limited was set up eight yearsago with a predefined specific goal to expand their effectiveness and efficiency, company needsto rise their innovation and for that they have chosen to execute advanced innovation in theirexercises. This stage will assist the association with competing with new competitors of themarket and fulfil their customers’ needs and requirements. Advanced device as, Tweepi,Oktopost, Crowd booster, Socedo and Tag board can be used at different stages that can extendand develop their business operation and task performed in company. Computerized instrumentwill enable this consultancy firm to advance their business utilizing social media.The main topic of this project report is:“The impact of digital technology supporting small business growth and innovation”2
In the current scenario, one of the most crucial parts for growth of any company is innovationthat develops critical posture in business activity. Computerized modernism encourages anassociation to learn different mechanism that could impact their tasks such as contenders,demand, advertise powers etc (Duffield and Whitty, 2015). Deciding potential demand forconsumer they utilize these instruments that form structure of systems which can complete thecustomers' requirements by fulfilling every demand. The primary Aim of report is: “The impact of social media as digital technology supportingsmall business growth and innovation” The necessary goal of this assessment report is to decide how social media can help asmall and medium scale organization like Continental Consulting Limited to achieve itsdependable objectives Important Research Objectives:To execute social media techniques in business activity of continental consulting limited.To assist that help in improving administrate quality by utilizing social mediainstruments.To discover various services associated to company through social media tools andtechniques.Crucial Research questions:How digital modernization brunt on development of medium scale enterprises? What possible changes business firm would face in management quality after functioningof digital instruments? How social media tools can explore diverse services related to consultancy?P2 Produce a project management plan that covers aspects of cost, scope, time, quality,communication, risk, and resourcesProject management is application of implementing skills, tools, technique and knowledge to carry out project to satisfy stakeholder’s needs and demand. Project management planning is crucial to complete project on time within the budget offered without comprising the quality. Project management planning helps to plan and assess needs that is important to complete the project. Project can be completed within time frame with good quality only if there is proper planning by the managers. Project management plan includes many elements such as 3
scope, cost, risk, communication, quality and time. These elements can be understood well through brief description:Scope: In order to implement social media technology in the organization operations, it iscrucial to find out their scope both for present and future. Social media implementation has widerscope as it allows employees of Continental Consulting Ltd to get in touch with the targeted clients and customers with less efforts and time. Employees are able to express valuable information about new techniques and tools to their clients in less time. It reduces the labor of manpower and helps to achieve business goals and objections within limited time frame.Cost: Cost is related to handling of money which plays an important role in executingproject activities. Continental Consulting Ltd deals in re-engineering business system of bothsmall and medium sized organization that is located at London. It requires large amount offinance to invest to introduce new updated technological system. To introduce social media inbusiness it requires lots of cost and need a proper budgeting to allocate the resources at rightplace and make correct decision. It is important to maintain a total forecast budget to investigatewhere money is invested and in what amount (Pekuri and et. al., 2014). A finance statementshowing cost implementation in different project activities is mentioned below:Total forecasted budgetParticular 2017-18(£)Implementing technology cost170004
Promotional expense7000Advertisement expense5500Catalogues 1800Training charges7500Total cost38800Time: Completing project beyond the time structure is of no use. Completion of desiredproject activities within time frame brings maximum satisfaction and profitable outcome. It helpsto focus on completing the project activities on time. The management of Continental ConsultingLtd should encourage and guide their employees to perform and act according to time limitsallotted to them to complete the tasks on time. Setting deadlines encourages workers to hubmore and bring commercial and innovative way to compete particular project in a pre-plannedtime period.Quality: Quality work is accepted and praised by every client so it is crucial to focus onquality of project activities. The management of Continental Consulting Ltd should guide theiremployees to work effectively to complete their project task on time with good quality. Thecompany should focus on quality of work to gain competitive advantage in the market. Forexample, attractive communication skills of employees through education and knowledgeprograms this makes effortless for them to contract with different customers of differentpersonality and backgrounds. Communicating with the help of social media in most prominentmanner that can assist clutch an inattention of customers and draw their interest of gettingcompany's services as well.Risk: There is always a chance of risks associated with project which directly affects theoutcomes. To tackle this risk Continental Consulting should try to identify those areas where riskcan occurs. The risk regarding to project activities includes lacks of finance, lack of supportingemployees or lack of proper planning to implement project plans. Training and learning lecturesshould be delivered to employees to learn and adopt uses of social media technique and tools tomeet productive projects activities to make profit (Drucker, 2012). For instance, lack of workerssupport due to deficiency of skills and awareness, therefore manager are essential to formstrategy concerning approval of guidance programs for worker that will improve capability andinvolvement towards project activities.5
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Managing Successful Business Projects Assignment : Continental Consulting Limitedlg...
|24
|5484
|105
[PDF] Managing Successful Business Projects : Assignmentlg...
|26
|5023
|55
Managing Successful Business Project Operations Assignmentlg...
|27
|5345
|203
Managing Successful Business Project : Continental Consulting Limitedlg...
|31
|4575
|125
Impact of Digital Technology in supporting small business growth and innovationlg...
|29
|4760
|80
Unit 6 MSB (Managing Successful Business)lg...
|25
|4471
|454