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Managing Successful Business Projects INTRODUCTION 1 TASK 11 P1 Project Management Plan

   

Added on  2020-10-04

27 Pages5080 Words105 Views
Managing Successful Business Projects

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1P1. Aim and objectives of project ..............................................................................................1P2. Project management plan covering various aspects..............................................................3P3 Preparation of Work breakdown structure & Gantt chart ...................................................4TASK 2 ...........................................................................................................................................7P4 Conducting small research by applying quantitative and qualitative research methods .......7TASK 3..........................................................................................................................................10P5 Research and data with help of appropriate techniques and methods.................................10P6 Recommendations to draw valid conclusions......................................................................19TASK 4 .......................................................................................................................................20P7 Reflection on value of undertaking research to meet set objectives & performance...........20CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21APPENDIX....................................................................................................................................22

INTRODUCTIONDigital technology plays a very important role in companies for gaining competitiveadvantage in the market. It brings so many benefits and effectiveness in the firm and helps theorganisations in bringing growth and development in their operations. If the companies willmake use of these technologies they will be able to conduct all their operations very easily andwithout any kind of errors. Thus will also help them in bringing long term growth t the company.They can store their data at as safe place (Alreemy and et. al., 2016). There are so manytechniques that are being introduced by these digital technologies which helps in smoothfunctioning of the business process and helps in understanding the people in a more bettermanner. So, through this, the companies are able to promote their goods and services anddevelop themselves in the market as well. The organisation that will be referred here is Roamer.It is a watch manufacturer business firm and its main focus is to make digital and attractivewatches. This report will discuss about the aims and objectives of the research, an action planwill be prepared and the data will be collected and analysed as well . After all this , finallyconclusion and recommendation will be discussed. TASK 1 P1. Aim and objectives of projectAs per the current situation in the market it is very essential for the business organisationto develop their operations and bring growth and development in the company. By implmentingdigital technologies. They will be able ot use various tyopes of tools and technologies forconducting their business operations in an appropriate manner. This will have a very impact onthe business activities that were earlier done by using traditional method of marketing . Also theemployees who doesn't know about these kinds of technologies should be trained well otherwisethey will not be able to cope up with the changes that are happening in the business environment(Conforto and Amaral, 2016). But it is believed by every company that by implementation ofnew technologies in the company or by entering into digitalisation era they will only earnbenefits and it will not hurt them in any manner. There are various kinds of major inventions thatare being done in the digitalisation process like introduction of cloud computing and doingbusiness in online platform. Cloud computing is a very effective software where the companycan store their data and share it with other without any kind of issues. These technologies also1

helps the companies in getting connected with its customers through social media. It is a veryeffective tool that helps them in communicating with the employees as well as customers. Topic- Impact of Digital Technology in supporting small business growth and innovationBackground about project- Roamer is also a small scale company that is providing their services to its customerssince very long time. They are producing watches at low rate and thus they are making use ofresource in a concise manner so as to earn more and more profits (Kasemsap, 2016). But theirwatches lacks creativity and the people of this generation does not like anything which is planeand simple. So, Roamer can take help of digital technology and produce a more creative watchand launch it in the online platform. This will help them in gaining their market share againwhich they have lost because of their earlier watches. Here, it is believed that by introducingseveral types of technologies, Roamer can provide services to their clients in an effectivemanner. With this development, companies have removed the usage of traditional methods ofdoing business and this has only provided benefits to the company. If cloud technology will beapplied in Roamer then they will be able to keep all their important information in this and use itwhenever they need them. Through this, they will be able to contribute in increasing theeffectiveness of the organisation and brings in growth and sustainability as well. But one factorwhich is most essential to introduce these types of changes if the money . It is very important forRoamer to have adequate amount of funds so that it can help in getting resources that arerequired by them in the process. Aims- “To identify the impact of digital technology in supporting growth and innovation insmall business”. A case study on Roamer. Objectives:To identify the impact of digital technology implementation on Roamer.To analyse the need for transforming business operations.To examine the effectiveness of using digital technology on business activities. Research questionsWhat type of influence does digital technologies have on the business operations?Was digitalisation required to be done in Roamer?How much effectiveness does digitalisation brings in while conducting the activities ofthe company?2

P2. Project management plan covering various aspectsIt is very important for Roamer to prepare a plan before starting the process. In this plan,they will include all those activities that will be conducted by the workers in order to completethe project in a successful manner (Langer, 2017). Through this they will be able to provide rightdirection to the employees. It is a very important step that is required to be taken by every projectmanager so as to achieve their goals and objectives in an easy manner. If there will be no plansthen all the activities will be messed up and it will become very difficult for company to achievetheir objectives. In this plan. Roamer will include their strategies with the help of which it willbring modifications in their existing watches so as top make it more attractive and launching iton online platform as well. For this they will need efficient technology so that all their plans willbe achieved. SCOPE OF PROJECT – Since technology is growing at a very high speed so the needsand demands of the customers is also changing at a very high rate. In the present scenario, thereare various opportunities that technology are bringing for companies so as to bring growth anddevelopment . It will be providing so many benefits to the organisation and will attract morecustomers .RISK MANAGEMENT – Risk is that essential factor that is present in every companyand no company can escape from it. There are several kinds of risks that are included in a projectand the project managers have yo make sure that none of these risks should have negative effecton the business activities that will be conducted. So, before implementation of the plan, it is veryessential for the project managers of Roamer to calculate all the type of risks that is associatedwith the project so that it can be cured at the initial level only. QUALITY CONTROL – It is very essential for companies to make products that are ofgood quality so that they can attract large no. of customers and satisfy them as well. It is to betaken care by the project managers that Roamer is supplying only good quality watches in themarket as well as in its online platform so that they can gain trust of the customers and achievegrowth as well (Laudon and Laudon, 2016). COST – This is also one of the most essential factor that is required to be included in theproject management plan. Since it is known that all the big projects will require high cost so it isvery essential for funds managers to allocate the funds accordingly so that they can purchase theresources that will be used by them. 3

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