P2 Produce a Project Management Plan
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Added on 2021-01-02
P2 Produce a Project Management Plan
Added on 2021-01-02
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Managing a successfulbusiness project
Table of ContentsINTRODUCTION...........................................................................................................................2Activity 1.........................................................................................................................................3P1 Project aims and objectives....................................................................................................3P2 Produce a project management plan......................................................................................4P3 Produce a work breakdown structure and a Gantt chart .......................................................6TASK 2............................................................................................................................................7P4 Carry out small-scale research by applying qualitative and quantitative research methods..7TASK 3..........................................................................................................................................10P5 Analyse research and data using appropriate tools and techniques.....................................10P6 Communicate appropriate recommendations as a result of research and data analysis todraw valid and meaningful conclusions....................................................................................22TASK 4..........................................................................................................................................23P7 Reflect on the value of undertaking the research to meet stated objectives........................23CONCLUSION..............................................................................................................................23REFERENCES..............................................................................................................................241
INTRODUCTIONAccording to rapid change in time, globalisation is playing an important role for bothsmall as well as large scale organisations. Companies can operates its activities due toglobalisation and it also gives a platform where they can communicate with various otherindustries. Thus, it can be analysed that globalisation has supported companies in doingexpansion of their business operations in various other regions. Company taken in this present2
research is Hennes & Mauritz, which is commonly known as H & M. It is a large fashioncompany which design, manufacture and sell its product to retailers around the world. Companyis launching and marketing a summer shoe in London Fashion Week. Under this report, a shortresearch is being done for which aims and objectives is being made. Moreover, a projectmanagement plan is also included so that a research person have an idea of tasks that are neededto be done. Henceforth, according to this a valid conclusion will be given (Ahmed Dine Rabeh,Jimenez-Jimenez and Martínez-Costa, 2013). Activity 1P1 Project aims and objectivesGlobalisation is a method by which organisation perform its operations of business at aninternational scale. This also affects organisations which are running on small as well as largescale as they can do expansion and also revenue generation. Therefore, it can be stated that asthere is more interaction between people, business and government across different countries,there is a increment in ratio of world's economy. Moreover, along with this there are differentglobalisation factors such as economic, culture, etc. that impacts directly on various function oforganisation like marketing, human resource, production and more. This can either be a positiveor a negative impact. H & M is creating a new summer shoe along with 3D printing at anaffordable price for its customers. They launched their shoes in London fashion week wherethere is a huge number of public coming to event. Moreover with this, it will be also beneficial toorganisation in popularising themselves in country through selling unique products to theircustomers. Company is creating a brand which is different from their competitors and thereforethey can influence more and more customers. This will also lead to earning high profits andincome (Crane and Matten, 2013).Aim: “ To launch new new shoe in London fashion week in order to compete with big brand andenhancing business profit”. A Case Study on H&M. Objectives: Objectives: To enhance sales of Hennes & Mauritz by 10% within 6 months afterlaunching new summer shoe in event of London fashion week. 3
P2 Produce a project management planProject management plan is a type of proof which is approved and formal, that could beutilised in order to manage and maintain project in an effective way. It is kind of a document thatis needed to create, explain, put together and collaborate different functions of planning in anappropriate manner. Moreover, it will also provide information and details which are in contextwith cost, risk, resources, communication and more in project. Here, related to H&M, this willassist in taking and initiating correct decisions (Den Hertog, Van der Aa and De Jong, M 2010).Along with this, it will be beneficial to companies so that they can analyse the affect in a positivemanner on ethical, culture as well as economic factors of globalisation in order to businessoperations with aid of human resource, production, finance, operation and marketing. There arevarious aspects of project management plan that has been described below. AspectsDescription Cost It is important for every organisation to determine and incurred cost todo the project in an effective way. Here, related to H&M, it is importantto analyse cost related to different operations of business such asmanufacturing shoes, labour's wages and many more activities. If thecost will be predicted in a suitable manner than it will help in developingan effective business plan that will help in successful implementation ofa plan. Cost of project can be near about €6000 by the researcher(Eckerson, 2010). Since it is not possible to estimate actual cost of doingexpansion globally but organisation is required to incurred approximate£100 million in order to effectively finish this project. Scope This can be utilised in order to determine opportunities that are related toconcept of project in future time. This would be helpful for H&M, as theycan expand their operations of business and also make advantage ofopportunities which are being needed. They must determine impact ofdifferent factors of globalisation so that they can wider their scope. Withthis firms are able to provide good quality products and services to itsconsumers. Main scope of this report is to determine different opportunitiesthat are beneficial in order to implement project in an effective manner(Gebauer, Edvardsson and Bjurko, 2010).4
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