Managing Successful Business Project Assignment Solution
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Added on 2020-10-05
Managing Successful Business Project Assignment Solution
Added on 2020-10-05
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MANAGINGSUCCESSFULLBUSINESSPROJECT
TABLE OF CONTENT INTRODUCTION......................................................................................................................3TASK 1......................................................................................................................................3P1 Objective and aim of the research project.........................................................................3P2 Project management including costs, scope, time, quality, communication, risk and resources.................................................................................................................................5P3 Project work breakdown structure and a Gantt chart to provide timeframes and stages for completion........................................................................................................................6TASK 2......................................................................................................................................8P4 Conducting small scale research.......................................................................................8TASK 3....................................................................................................................................10P5 Interpretation and data analysis......................................................................................10P6 Express appropriate recommendations as a result of research and data analysis..........20TASK 4....................................................................................................................................20P7 Recommendation of conducting research.......................................................................20CONCLUSION........................................................................................................................21REFERENCES.........................................................................................................................22
INTRODUCTIONIn current business environment, digitalisation is a very important for each oneorganisation in order to operate entire business activities in an effective ways. By this, firmbuild core competences which help to increase brand value as well as customers satisfaction.Digital technology is a process of digitized information which recorded in combination ofbinary code of the digits 0 and 1 it also called bits. So that each one firms have should be useadvance technology to complete their competitors in an effective manner. Through this, theyare able to achieve goals and objective in limited period of time significantly. In this givenreport select softwire firm to know the impact of digitalisation on their performance andproductivity in long period (Ahmed Dine Rabeh, Jimenez-Jimenez and Martínez-Costa,2013). It is a software company that was established in the year of 2000. In present they haveapprox 130 employees with them and produce high quality software to full fill needs ofclients effectively. This project report covers aim and objective as well as management plan.Its also covers time line action plan and conducting small scale research or many more. TASK 1P1 Objective and aim of the research projectNow days, trends of starts ups has develop very fast so that they use digital technology inorder to run their new business activities with optimum utilisation of available resourceswhich help to achieve aim and objective in limited period of time. Economy of UnitedKingdom has grow very fast because of contribution of small businesses is very high around51 % of total revenue form all private companies. So that, government of UK has makepolicies to support small scale enterprises in order to lot employment opportunity as well asnation overall growth in long run. Small business has implemented digital technology at workplace to enhance workers productivity and entire business performance. If firm has usedadvance technologies then they can gain success at market place as their entire workcompleted with low problem and save time. Softwire is a software firm which run their business activities at small level. Management ofthe company has participation the participation of employees in generating new ideas of workor product. For this, they are provide training to them on time to time basis which enhancetheir professional skills and knowledge (Chesbrough, H., 2010). By using digital technologytask of firm should be easy to complete so that manager of enterprises has able to achievetheir target effectively. Execution of ideas with in work place successfully, they take help ofdigitalisation, this help develop modernisation in business with this they are able to attractinglarge number of clients toward their product and services. There are various type oftechnology has available in the industry like read analytics, ambient knowledge, productionstudio, cloud technology and many more. Topic:- Impact of Digital Technology in opinionated small business performance and innovationBackground of the project:
In present market environment, technology has played vital role in the word for developmentof small scale organisation. There are many opportunity for enterprises to produce qualitygoods and services in order to enhance customer satisfaction in long period of timeeffectively. Thus help to gain high profitability as well as sustainability as compare to theircompetitors in same industry. In Softwire, manager has hire technical team and make sure that all candidate has awareabout firm product and services with higher professional knowledge. For this, they areorganise training program for staff members in order to increase their skills and performance.Through this, organisation is capable to achieve goals and aim in given time frameeffectively. With this, company has introduce new feature into their software application forthis they are want to complete research work in which firm are analyse what is the mainimpacts of digital technology on organisation performance in long period of time effectively(Crane and Matten, 2016). So, several small step has consist to carry out entire research togain success and tract large number of clients toward firm commodities. Aim: “To analyse the impact of digital technology on organisation success and innovation in small business growth- A case study on Softwire.Objectives:To identify the impact of digital technology on Softwire. To find out needs of digitalisation of work into an organisation. To examination of effectiveness of advance technology on small business unit tasktransformation. Recommend several ways to Softwire in order to complete high competitors at marketplace. Research Question:What is the major factor which can create impact of digital technology on Softwire? Why digitalisation is important of an organisation? Evaluate the effectiveness of advance technology on small business? Explain the recommendation several ways to Softwire in order to achieve goals andobjectives effectively. P2 Project management including costs, scope, time, quality, communication, risk andresourcesProject can defined as the tasks which incorporate an objective that needs to becompleted in a given period of time. The project management deals with all aspect fromplanning to execution. To provide the more clarity of this understanding of project by anoriginal example will be more beneficial.
Costs: Cost is the amount that incurred in making the project live and visible. Thisincludes the overall expenses of the project. From planning to execution of project variouscosts are associated with a project that creates limits and challenges for the managers toperform the task in the given limited resources. Costs play an important role in projectbecause it controls the activity of the projects.Scope: Each project has certain objective which needs to get complete in given frame of time.With this a project has also certain limits which show the scope of the project that how far aproject can go. It represents the portion and areas where project can execute its task (DenHertog, Van der Aa, and De Jong, 2010). The scope is basically the limit of the project thatdirects the managers about the work area of project also it directs the resource oforganisation. Time: Each project has a time limit. Small projects have a time limit of 1 to 2 years.The large time duration is 3 to 10 years. The time limit is required so that the benefits of theprojects could be gain in a minimum time period. In project each step and activity has allottedsometime that helps to measure the speed the project as well as the performance ofmanagement. Quality: It can be describe as the value delivered by the project. Higher the value ofproject higher is the quality of the project. The benefits that a project delivers to stakeholdersare known as value. Communication: The structure and flow of message and information from one personto another person, from one department to another department and from one managementlevel to another management level is communication. Risk: Risk is known as the variation in result as from expectations. With each project certainrisk is associated. This can be minimized by analysing all factors that may affect the output ofthe project. It can be minimized by the proper management and analysis of systematic andunsystematic risk (Eckerson, 2010).Resources: The quality of project largely depends on the quality of its resources. Thebetter is the resources the higher is the chances of the good quality. These resources includemoney, labour, raw material and technical know-how. In order to gain good output theresources needs to be managed properly. ResourcesCostScopeTimeCommunicationRiskLabour/TechnicalExpert2000Execution ofwork asgiven by topmanagement12 monthsTop – downapproachHighemployeeturnoverMachinery4000Performingtask12 monthsOne to onecommunicationHigh riskdue tochances ofoverusesLocation1000A complete12 monthsSame levelLow risk
floorcommunicationSoftware10000Development12 monthsTop – downand down – topapproachHigh riskduetointellectualcopyright. P3 Project work breakdown structure and a Gantt chart to provide timeframes and stages for completionWork breakdown structure: Work breakdown structure is a process in a projectwork is split down in small component. This is a helpful technique in project as it helps tounderstand the completion of the project. Moreover this it provides sequence to the project aswell as it ensures that all activities are included in the project and nothing is missed. In workbreakdown structure main task is split into sub task and again these sub tasks are divided intosmaller portion. This is graphical representation of project activities. Importance of breakdown structure: The major benefit of work breakdown structure is thatit reduces the complexities of the project. The complex task becomes small so that they seemeasy to do. It makes the process easier and flawless. Moreover that it is required for themanagement to have a base of the project to show their team. This works as the plan lay outfor the project (Gebauer, Edvardsson and Bjurko, 2010). It reduces the cost of the project.Another major benefit of the WBS is that it schedules the each and every task of the project.It is important to notice here that it also helps to complete the project on time. Gantt chart: It is chart that represents the amount of work done in horizontalsequence. It gives a comparative analysis of the work expected to be done in particular periodof time and work completed in a particular time period. In this chart performed task arementions in vertical axis whereas time intervals are given in the horizontal axis. This createsa sequence of the beginning of task as well as completion of the task.
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