Managing Successful Business Projects: Globalisation and its Impact

Name: Yolanda Sanda
Student ID: P1097328
MANAGING SUCCESSFUL BUSINESS
PROJECTS
THE GLOBALISATION
TASK 1
Produce and critically evaluate a comprehensive project
management plan for your research project for monitoring and
completing the aims and objectives of the project
Introduction
Restate the scenario from the Assignment Brief
Globalisation is one of most spread of products in technology word its
information the jobs across the all national borders and cultures. In the
economy terms it describes as an inter-dependence of nations around
the global through it free trade.
Globalisation motives are idealistic as well as opportunistic but and
again the development of a global free market have clearly the
benefited thru a large corporations based in the Western world. Its
impact remains mixed for workers like cultures and small businesses
around the globe and also in the both developed and emerging nations.
1.1 Devise project aims and objectives for the above
scenario
The main aims for objective of globalization are to increase international
trade and to improve their status of various underdeveloped nations by
giving a chance to showcase their goods and also services in the global
market. This even increases the cultural relations among all nations.
Globalization is the free movement of goods services and people and
across the worldwide in a seamless and integrated manner.
Globalization can be thought of to be the result of the opening up of the
1

Name: Yolanda Sanda
Student ID: P1097328
global economy and the concomitant increase in trade between the
nations.
Globalization can also be mean that countries liberalize their import
protocols and welcome the foreign investment into the sectors that are
the mainstays of its economy. What this means is that countries become
magnets for attracting global capital by opening up their economies to
multinational corporations.
Globalization also means that countries liberalize their visa rules and
procedures so as to permit the free flow of people from country to
country. The globalization results in freeing up the unproductive sectors
to investment and the productive sectors to export-related activities
resulting in a win-win situation for the economies of the world.
Specify the aims and objectives of your research project based
on the scenario in the assignment brief.
Globalization its leads to increase various type of competition this
competition can be related to the product, service, cost, price, target,
market, technological adaptation, quick response and quick production
by companies. When a company produces with less cost or sells cheaper
it is also able to increase its market share.
Customers have a large multitude of choices in the market and this
affects their behaviours they want to acquire goods and services quickly
and in a more efficient way than before. They also expect high quality
and low prices all these expectations need a response from the
company, otherwise sales of company will decrease and they will lose
profit and market share. A company must always be ready for the price,
product, service and customer preferences because all of these are
global market requirements.
Objectives are ‘How’ you plan to deliver, in this case your
overall methodology of combining secondary research into
Globalisation and impact on business functions with primary
research to test the validity of your findings.
Project management objectives and goals
The main point of any project is to achieve specific business goals and
objectives you should be able to establish your business from the start
to what you want your project to accomplish. For example, if the
2

Name: Yolanda Sanda
Student ID: P1097328
project's aim is to increase sales and profit, boost staff productivity,
improve product or service quality, or something entirely else.
Transfer of technology plays a huge role as it is necessary to upgrade
from old methods and invest in research and development which helps
to create advanced technology. The best example is E commerce that
has revolutionised international marketing methods and has simplified
buying and selling.
1.2 Produce a project management plan that covers aspects of
cost, scope, time, quality, communication, documentation, risk
and resources
Advantages of project management
Project management is a very powerful business tool that can be deliver
in many advantages to various different businesses of all sizes. It gives
the repeatable processes guidelines and techniques to help you manage
the people and the work involved in different projects. Also it can
increase your chances of success and help you deliver projects
consistently and efficiently on time and budget.
Benefits of project management
The main advantage of project management is to help you manage your
own projects and also its helps you resolve problems more quickly. It
takes time and money to manage a project however following good
practices can also help you.
Project Management
A project management plan is a formal way approved document that
defines how the project is executed monitored and controlled. It may be
a summary or a detailed document and may include baselines and also
subsidiary management plans and other planning documents
Costs – Fixed, Variable, Direct, Indirect and Sunk
Scope - size, goals, requirements
Time - start and end, task durations, dependencies
3

Name: Yolanda Sanda
Student ID: P1097328
Quality - The Quality Management Plan defines the acceptable
level of quality, which is typically defined by the customer, and
describes how the project will ensure this level of quality in its
deliverables and work processes. Quality management activities
ensure that:
Products are built to meet agreed- upon standards and
requirements
Work processes are performed efficiently and as documented
Non-conformances found are identified and appropriate corrective
action is taken
Money - costs, contingencies and profit
Documentation- Documentation must lay the foundation for
quality, traceability, and history for both the individual document and
for the entire project documentation. It is also extremely important
that the documentation is well arranged, easy to read, and adequate.
Documentation helps you to remember your goals and objectives
throughout the project. Most of the project managers set goals orally
and deliver them to their team members during a meeting.
Communication- A project communication plan that will guide the
messages to a project's affected stakeholders is a critical part of any
project. ... During the planning phase of your project, you need to
create a high level Communication Management Plan that defines
the general communication requirements for your project.
Risk-management process is structured and performed for the
process. Risk management efforts are not limited to creating a
standardized checklist basis the experience gained from past
projects. Risk management efforts should be based on the size,
complexity and the skill levels of the project and project members.
Budgeting: Cost of risk management process is determined
Resources - staff, equipment, material
4