Managing Successful Business Projects - Sample Assignment
23 Pages4614 Words127 Views
Added on 2021-01-02
Managing Successful Business Projects - Sample Assignment
Added on 2021-01-02
ShareRelated Documents
Managing Successful BusinessProjects
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1P1. Aims and objectives..............................................................................................................1P2. Project management plan.....................................................................................................1P3. Time frames and stages for completion.................................................................................4P4. Research Methods.................................................................................................................7P5. Analysis of research data.....................................................................................................10P6. Conclusions and Recommendations....................................................................................16P7. Reflection............................................................................................................................17CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................19
INTRODUCTIONDigital technologies has changed the scenario of corporate world and have provided hugeopportunities to companies to grow well., Email, social networking sites etc. are most populardigital techniques that assist in making effective communication with consumers and raisingprofitability of business units (Westerman, Bonnet and McAfee, 2014). Present study is based onContinental Consulting Limited, it is working in consultancy industry. Current report will discussaim and objective of study and will prepare project plan. Furthermore, it will explain researchmethods that are essential to apply for answering research questions.P1. Aims and objectivesBackground- Digital Technology has completely transformed business scenario. It hasrevolutionised the way of performing every task involve in business (Matt, Hess and Benlian,2015). There are new discoveries that has lead to increase efficiency as well as effectiveness ofcompany in accomplishing all activities for achieving aims and objectives of a firm. Apart fromthis, it is observed that it has positively impacted small business. Adopting these technologieshas made enterprises capable to expand their business in market. Also, concept of innovationhas improved firms for producing quality services to customers (McCoy, 2016).Continental Consulting Limited is a well-known research as well as business consultancywhose CEO is Mario Bindas. They provide services related to Business process Re-engineeringand also, potential customers that includes small as well as medium manufacturing firms whichis located in or around London and also Greater London.Aim- To assess the impact of Social Media Techniques in supporting growth andinnovation of marketing department of firm. A case study on Continental Consulting Limited.Objectives-To identify the impact of social media technique on Continental Consulting Limited To maximise efficiency of marketing operations within 3 monthsTo recommend solutions for improving marketing of companyP2. Project management planCost- It plays significant role in research project, as scholar has to ensure that entireproject get completed within specified budget. It is very essential to determine complete budget1
for conducting whole investigation. With this one is able to allot effective amount to veryactivity involved in facilitating the completion of project. There are several kinds of cost whichare involved such as variable, fixed and total cost. In order to accomplish this projectsuccessfully researcher will require cost of 5000. In this budget entire plan will be accomplishedeffectively.Scope- Implementation of digital technology plays significant role in business unit, byimplementing these latest techniques company will be able to make effective communicationwith consumers. This will increase growth opportunities for the firm and it will get chance toexpand operations across the world.This project has high scope and will support the organisationin meeting with its goal (Martin and Tian, 2016).Time- It is essential element, project manager has to ensure that entire task get completedwithin specified period of time. Every project has certain deadline under which it has to befinished in order to maintain its effectiveness as well as efficiency. Implementation of digitaltechnology project will be completed in 41 days. In the following investigation project, severaltime frame has been made related to every activity involved through time scale and Gantt charts(Sussan and Acs, 2017).Quality- While proceeding further in a project, it is essential to maintain quality ofresults which are desired to be achieved. There are predefined standards for measuring thisaspect of all activities which are involved in this research. As they help to guide researcher formaintaining quality in projects. Some of the standards are ASTM, IEE or even ANSI. Withthese, assurance can be provided effectively. Project manager will have to prepare quality controland assurance plan so that implementation of digital technologies can be done effectively (Casey,Goodyear and Armour, 2016).Communication- It is very important to maintain communication between everyindividuals who are involved in the project. Hence, one is able to synchronise all steps in aneffective manner. This aspect facilitates in effective coordination of activities involved inaccomplishing project of implementing digital technologies.S No.Communication FormatDurationPersonnelsPresentation1UpdatingmanagingEmail weeklyTeam members progress would be2
projectand stakeholdersassessed2Action plan andfollow-up ThroughmeetingWeeklyAction teamSteps involved incompleting project3Issues inresearchGroupPresentationEvery 2nddaysTeam individualsAddressing issues4BudgetallotmentDiscussingwith groupMonthlyGroup membersand stakeholdersDiscussingexpenses incurred5Risk assessmentEmails andmeetingsWeeklyProject Manager Approval throughProject ManagerRisk- Management of risk is essential aspect of a project management plan. It providesmany approaches and formulation of plan related to handling every kind of threat or issue whichis associated with research project. Certain steps are needed to be approached in order toovercome every risk which can adversely impact success of completing a research project. Riskmanagement deals with identification of key threats, conduction of analysis as well asdevelopment of plan for their eradication and effective tackling. These can be related toscheduling, cost and even performance. There are some kind of external risk which areassociated with operational, governance, strategical as well as legal aspects of a project. A riskregister is needed to be developed by researcher for efficacious management of all threats. In thisdigital technology project, many risks are associated. One of the major risks is human resourceconstrain (How digital technology could benefit your business, 2018). If employees fail toperform well then it may impact on quality of entire task. Furthermore, financial risk is alsoassociated with this plan, here is chances that this project can go over budge because of use ofadvance technologies such as new software and expensive machineries..Resources- These are regarded to be inventories which are needed by a researcher forconducting successful investigation of research project. All requirements must be assessedaccording to activities involved. There are several kinds of resources which might be needed bya researcher. Manager will require human, technical, physical resources for accomplishing thisproject. Manpower will be needed in human resource, computer, hardware, software will requireas technical resource and seminar hall, internet etc. will be necessary for accomplishing this task.3
P3. Time frames and stages for completionWork break down structure is known to be a key project deliverable which organisesteam in numerous manageable sections. It visually defines scope into some manageable modulesthat a project team will understand. Scholar creates this structure through identifying majordeliverables that are grouped together (McCoy, 2016). There are several benefits which areassociated with it which are defining as well as organising all the activities in researcheffectively. Whereas Gantt Chart is considered as visual view of every task that are scheduledover time. These are used for effective planning of projects of all sizes and considered to bevery useful for showing schedule of work done on a particular time span. Also, facilitates inacknowledging the starting as well as ending dates of a project in one view. Illustration 1: Work Break down StructureIllustration 2: Work Break Down Structure4
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Unit 6 - Managing Successful Business Project Assignment - (Doc)lg...
|26
|5646
|188
P1 Devising aims and objectives for the topic for completing projectlg...
|27
|5293
|341
Managing Successful Business Project - Continental Consulting Limited Assignmentlg...
|29
|5869
|19
Managing Successful Business Projects Assignment : Continental Consulting Limitedlg...
|24
|5484
|105
Managing The Successful Business Project : Assignmentlg...
|24
|5553
|407
Managing Successful Business Projectslg...
|28
|6039
|417