Project Management: Exploring Globalization's Impact on Business

This project delves into the positive economic, cultural, and ethical impacts of globalization on various business functions such as operations, marketing, HR, and organizational accounting. It includes a project management plan outlining cost, scope, time, quality, communication, risk, and resource management. The Work Breakdown Structure (WBS) and Gantt chart provide a visual representation of the project's timeline and tasks. The research methodology involves small-scale research and data collection to assess globalization's influence on outputs, employment, household income, and technological advancements. The project recommends strategies for businesses to effectively respond to globalization, emphasizing the importance of ethical practices and cultural awareness. Ultimately, the project aims to provide a comprehensive understanding of globalization's benefits and challenges in the modern business environment.

Running head: PROJECT MANAGEMENT
Project Management: The positive economic, cultural, and ethical impacts of
globalization on different business functions
Name of the Student:
Name of the university:

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Table of Contents
Chapter 1:.............................................................................................................................3
1.1 Introduction................................................................................................................3
1.1.1 Aim.....................................................................................................................3
1.1.2 Objectives...........................................................................................................3
1.2 Project management plan...........................................................................................4
1.2.1 Cost plan.............................................................................................................4
1.2.2 Scope plan...........................................................................................................4
1.2.3 Time plan............................................................................................................4
1.2.4 Quality plan........................................................................................................4
1.2.5 Communication plan...........................................................................................4
1.2.6 Risk Plan.............................................................................................................5
1.2.7 Resource plan......................................................................................................5
1.3 Work Breakdown Structure (WBS)...........................................................................6
1.4 comprehensive project plan...........................................................................................7
Chapter 2: Conducting research, information collection:....................................................9
2.1. Small-scale research:................................................................................................9
2.2. Information and data collection:.............................................................................11
Chapter 3: Recommendations and conclusions drawn from the above findings:..............13
3.1. Examining the overall and research through various tools:....................................13
3.2. Recommendations from the outcomes:..................................................................13
3.3. Conclusion drawn from the above research:..........................................................15
Chapter 4: Evaluation........................................................................................................16
Performance review...........................................................................................................18

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Project logbook template...................................................................................................20
References..........................................................................................................................23

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Chapter 1:
1.1 Introduction
The essence of this chapter is focused on the positive impact of globalization in different
businesses functionalities. Globalization is referred to as a business windfall to the consumers
and the business owners and to the business owners at a time. Though, in current days some of
the businesses are facing risks due to backlash against globalization and also the opportunities
which enhance degree of economic freedom offered although, there are profound flaws in
globalization.
The modern reasonable, capitalistic as well as economic actions have become a
conglomerate of factor and cause, analysis, information, medium, skills and predispositions. In
order to minimize the business operational and functional barriers different business presents and
manages different projects. An accurate project plan including quality, communication, risk,
resource, scope, time, cost management plan is also developed in this section. Apart from this, a
WBS and a Gantt chart defining timeframe is elaborated in this chapter.
1.1.1 Aim
The aim of the assignment is to recognize and identify the positive cultural, economic,
cultural as well as ethical impact of globalization on various business functionalities such as
operation, marketing, HR, organizational accounting etc.
1.1.2 Objectives
 To determine the degree of extent those are trading effective as well as realistic responses
over business level globalization
 To identify the positive economic, cultural, as well as ethical impact of globalization of
the business functionalities in terms of operation, market accounting, HR etc
 To identify and analyze accurate tools and techniques that help to draw valid conclusion
on positive impact of globalization in business

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1.2 Project management plan
1.2.1 Cost plan
After analyzing the project details of the project it is determined that the project will be
accomplished within the estimated cost of $5,000.
1.2.2 Scope plan
The globalization is leading to enhance competition as well as financial shifts for improving the
emerging business operations and functionalities. It helps to promote international business
relationship, global inter dependency and also cultural awareness. In the emerging market new
strategies are required to be evolved by the project heads of the business organizations to ensure
the commercial success and competitive advantages. The scope of the research is to determine
the positive economic, ethical and cultural impact of globalization on various business functions
such as accounting, HR, marketing etc.
1.2.3 Time plan
The total time that has been estimated for the project is approximately 3 months.
1.2.4Quality plan
Quality of any project is referred to as one of the major assets for its success. It is very
much crucial for the researcher to maintain the quality of the research so that the readers can
understand the purpose and also identify the positive impact of globalization that actually has
been evaluated from the research and discussion. Some risks or challenges are identified but a
maintained and quality project will be able to deliver needful outcomes. For designing and
maintaining the research quality the steps that are to be followed by the researcher include:
clarification on mission, vision and values of the research topic, proper identification of the
critical success factors. Apart from this, for tracking critical success factor measuring metrics
should be considered. A continuous improvement plan should also be developed by the business
owners for maintaining sustainability and increasing its future operational and functional scope.
1.2.5 Communication plan
While conducting this research work the researcher should always requires applying open
communication. The open communication approach allows the survey participants to become

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more familiar with the research platform. They will feel free to share their ideas and points
regarding globalization and its positive impact on the business operations.
Purpose Frequency Impact Medium
Discussion on research
topic
At the initiate phase High Email, video conference
Project status report Weekly Medium Face to face meeting
and power point
presentation
Regarding project
management tools and
technique section
Monthly Extreme Face to face meeting
1.2.6 Risk Plan
Risks Impact Probability Priority
Lack of understanding
regarding selection of
the project topic
Marginal unlikely Medium
Selection of incorrect
research methodology
Critical Unlikely Extreme
Communication
gap/barrier
Negligible Possible Low
Lack of knowledge and
skills
Critical Possible High
1.2.7 Resource plan
The resources assigned for this project are divided in two parts such as human resources
and physical resources. The human resources are survey participants such as employees,
consumers and business owners and the physical resources include software hardware costs and
traveling costs. In order to identify and analyze the positive impact of globalization in business
operations selection of proper tools and techniques are also very much crucial.

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1.3 Work Breakdown Structure (WBS)
Research schedule
Project initiation
Understanding
depth of the
research topic
Dtermining the
benefits of
globalization
Setting research
objectives and aims
Developing
research scope
statement
Selection of
research
metholodgy/tools/
techniques
Milestone 1: Project
charter submission
Project planning phase
Analysing existing
business industry
Feasibility study
Project budget
presentation
Project resource
planning
Communication
planning
Risk management
plan
time and quality
management plan
Milestone 2:
Completion of
project planning
phase
Project execution phase
Data collection
Quantitatve data
analysis
Data establishment
Milestone 3:
Completion of
project execution
phase
Monitoring and control
Feedback collection
Implementing
continuous
improvement
Milestone 4:
Completion of
control and
monitoring phase
Closure
Service level
agreement (SLA)
preparation
Resource signoff
Milestone 5: Project
closed
Figure 1: Work Breakdown Structure of the research
(Source: created by author)
Gantt chart

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Figure 2: Gantt chart of the research
(Source: created by author)
1.4 comprehensive project plan
Task Name Duration Start Finish Predecessors Resource Names Cost
Research schedule 93 days Wed
12/19/18
Fri
4/26/19 $4,986.00
Project initiation 18 days Wed
12/19/18
Fri
1/11/19 $716.00
Understanding
depth of the research
topic
3 days Wed
12/19/18
Fri
12/21/18 Research cost [1] $116.00
Determining the
benefits of
globalization
6 days Mon
12/24/18
Mon
12/31/18 2 Research cost [1] $150.00

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Setting research
objectives and aims 3 days Tue
1/1/19
Thu
1/3/19 3 Research cost [1] $150.00
Developing
research scope
statement
6 days Tue
1/1/19
Tue
1/8/19 3 Research cost [1] $150.00
Selection of
research
methodology/tools/
techniques
3 days Wed
1/9/19
Fri
1/11/19 4,5 Research cost [1] $150.00
Milestone 1: Project
charter submission 0 days Fri
1/11/19
Fri
1/11/19 6 $0.00
Project planning
phase 22 days Mon
1/14/19
Tue
2/12/19 $2,590.00
Analyzing existing
business industry 2 days Mon
1/14/19
Tue
1/15/19 7 Research cost [1] $150.00
Feasibility study 5 days Wed
1/16/19
Tue
1/22/19 9
hardware
cost[1],software
cost[1],travelling
cost[1]
$780.00
Project budget
presentation 6 days Wed
1/16/19
Wed
1/23/19 9
software
cost[1],travelling
cost[1]
$430.00
Project resource
planning 2 days Wed
1/23/19
Thu
1/24/19 10
hardware
cost[1],software
cost[1],travelling
cost[1]
$780.00
Communication
planning 3 days Thu
1/24/19
Mon
1/28/19 11 Research cost [1] $150.00
Risk management
plan 5 days Tue
1/29/19
Mon
2/4/19 12,13 Research cost [1] $150.00
time and quality
management plan 6 days Tue
2/5/19
Tue
2/12/19 14 Research cost [1] $150.00
Milestone 2:
Completion of project
planning phase
0 days Tue
2/12/19
Tue
2/12/19 15 $0.00
Project execution
phase 38 days Wed
2/13/19
Fri
4/5/19 $450.00
Data collection 8 days Wed
2/13/19
Fri
2/22/19 16 Research cost [1] $150.00
Quantitative data
analysis 20 days Mon
2/25/19
Fri
3/22/19 18 Research cost [1] $150.00
Data establishment 10 days Mon
3/25/19
Fri
4/5/19 19 Research cost [1] $150.00
Milestone 3: 0 days Fri Fri 20 $0.00

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Completion of project
execution phase 4/5/19 4/5/19
Monitoring and
control 11 days Mon
4/8/19
Mon
4/22/19 $300.00
Feedback collection 6 days Mon
4/8/19
Mon
4/15/19 21 Research cost [1] $150.00
Implementing
continuous
improvement
5 days Tue
4/16/19
Mon
4/22/19 23 Research cost [1] $150.00
Milestone 4:
Completion of control
and monitoring phase
0 days Mon
4/15/19
Mon
4/15/19 23 Research cost [0] $0.00
Closure 4 days Tue
4/23/19
Fri
4/26/19 $930.00
Service level
agreement (SLA)
preparation
2 days Tue
4/23/19
Wed
4/24/19 24 Research cost [1] $150.00
Resource signoff 2 days Thu
4/25/19
Fri
4/26/19 27,25
software
cost[1],travelling
cost[1],hardware
cost[1]
$780.00
Milestone 5: Project
closed 0 days Fri
4/26/19
Fri
4/26/19 28 $0.00
Chapter 2: Conducting research, information collection:
2.1. Small-scale research:
As per economy is concerned, globalization is found to be found to be boosting the
outputs of Western economy. This has helped business to specialize and rise the intensity of
research and development innovation. Besides this has also positively affected the capital of their
output. It is helpful for the new firms to compete with the older ones (Crane and Matten 2016).
Further, the trading sector has raised the amount of people employed by them through imports
and exports. Moreover, it has increased the household income. It is useful to decrease the huge
inflation rate in economies. Further, it has raised the actual wages through lowering the expenses
of consumptions. Additionally, it has provided economies and individuals with latest

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opportunities. It has spurred the wide-spreading of latest technologies. This has made the
economies greener and productive (Giddens 2018). It has reduces the discrimination as per
gender wage and providing latest opportunities to the females. This has developed the quantity of
management in companies and working situations for people.
Analyzing the cultural globalization, it is found that the role of communication and media
is considered here. Here, communication and globalization is tangled deeply. Here, a common
agreement has been there that there is no globalization instead of any commutation and media.
Here, media has a core space for various causes (Kennedy, Welch and Monshipouri 2017). First
of all, the media corporations has been highly globalized the operations. The infrastructure of
global communication has facilitated the glows of global information. Moreover, global media
has been playing a primary role regarding how ones sees various events around the world.
Besides, various positive aspects of cultural globalization has been fostering diversity. Here, an
interaction has been there between the boundaries that lead to the admixture of culture. This has
resulted in pluralization (Deresky 2017). Further, differentiation and condensation has been there
on ideas that have brought about distinct aspects of particular culture to lime light. Additionally,
the idea of globalization has been gaining popularity helpful to develop the overall standards of
life. This is done without hampering different types of local tradition. The diversity has turned
into a global; value. This is not promoted through international movements and organizations
(Wood et al. 2015). In this way, globalization has a large effect over the cultural sphere. Hence,
there no arguments as the form of hegemonic, homogeneous and ubiquitous types that can spread
across everyday life.
Further, there are vital types of time-space aspects, interconnections and reproductions of
the cultures and related cultural practices (Baylis, Smith and Owens 2017). For over a long

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period of time, more significance and relevance has been there in competitive business scenario.
Though business has been growing and the environment has been offering more scopes and
markets, there has been product duplications, money laundering, issues with environment and
child labor. In order to add more of these unethical practices, the latest millennium has witnessed
the tsunami of business crimes (Smith 2015). Thefts of patents, intellectual properties and cyber-
crimes has been some of the examples. In order to address the concerns, the age is seen as the
significance and necessity of including business ethics. This is done as the element of the
strategic business alliances and programs. The involvements, being a part of decision making,
had helped business to gain competitive benefits, recognition and good will under the global
scenario. In this way it has been attracting the greater workforce and cater to climate of healthy
organization (Lasserre 2017).
2.2. Information and data collection:
Here, a quantitative data analysis is done as the form of survey with various
questionnaires. This survey is done through online on various employees of different
organizations. Here, various set of questions are asked and answers are collected from
respondents related to effects of ethical, cultural and economic effects of globalizations of
various business functions. This is to be asked to retrieve statically useful data on this research
(Isaak 2017). As constructed and administered responsibly, this can turn out to be an important
tool by which the statements can be made regarding particular individuals. However, it must be
reminded that improper questions, ordering of questions, scaling and poor questionnaire format
is able to make survey the values and it has accurately reflecting the opinions and views of
participants (Rothaermel 2015). Here, a helpful approach to check the questionnaire and assure
that to capture the expected data is presenting the smaller subset of targeted respondents. Hence,