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Managing a successful business project

   

Added on  2020-01-16

11 Pages3447 Words293 Views
Managing a successfulbusiness project
Managing a successful business project_1
Table of ContentsINTRODUCTION...........................................................................................................................................3TASK 1..........................................................................................................................................................3TASK 2..........................................................................................................................................................4TASK 3..........................................................................................................................................................5TASK 4..........................................................................................................................................................6TASK 5..........................................................................................................................................................7TASK 6..........................................................................................................................................................8TASK 7..........................................................................................................................................................9CONCLUSION...............................................................................................................................................9REFERENCES..............................................................................................................................................10
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INTRODUCTIONIt is very important foe a business unit is to maintain their business successfully in thelong time. There are various activities which required a time frame for completion in order toattain their goals and objectives. If a firm can manage their operational activities, it can help toprovide long term profitability (Shattock,2010E). There are large number of investment requiredin order to completion of the project successfully. Therefore, the business company required touse various project management tools in order to manage their business in an appropriatemanner. it can help to create an ideal image of the company so that it can also leads to enhancedthe value as well. This is essential for a business unit that they have to achieve shareholder’sgoals and objectives. TASK 1Corporate social responsibility is one of the business approach which can help to providesustainable development to the company. Each and every business unit is having their ownresponsibilities towards the society and environment. There are various stakeholders such asinvestors, suppliers, employees, customers, community and government. Therefore, the companyis having their aims and objectives towards these stakeholders (ckerson,2010). So that thebusiness unit can attain their desired goals and objectives in an effective manner. the main of thecompany through CSR that they have to contribute in the community in terms of all aspects.Each and every business unit is having different way to conduct their CSR projects. There arevarious responsibilities of the business organization is that to provide shelter, food, water to thepoor people of the society. Apart from that they also provide employment to them. It can help toovercome the poverty from the society. Further there are another way which can be used by thecompany for their CSR activities. They can also make an appropriate system which can berelated to the waste management. For this they can use various tools and techniques which canhelp to improve their waste management (Keller,Parameswaran, and Jacob, 2011). Today thecustomer is more aware towards environment and climate issues. Apart from that governmentalso make various laws and legislation regarding the environment protection. Therefore, it is theresponsibilities of the company is to follow these guidelines in an effective way which can helpto reduces the impact on the climate. For this Aldi can use electric transportation for their logisticsystem. It can overcome the pollution and create an ideal image of the company in the public.
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The cited business also invests in various projects which can beneficial to the business firm andpublic. In the community it is not necessary that in only high or middle class people, there arepoor people as well. So that they have to provide them to shelters, food, primary education. Company also motivate other people to complete their corporate social responsibilities.If they earn more profits in maximum range, then also they have to fulfil or follow each andevery law and regulations or norms which is issued by government authoritiesTASK 2Project management plan contains the various data and information regarding the projectof the company. It is a blueprint of the project which are going to implement by the citedbusiness unit. It is significance for a company is that to conduct research in order to get thevarious information and data which can help to execute their plan in an appropriate manner. italso helps to reducing the wastage of material which can leads to increase the profitability andrevenue of the business which is the core objectives for each and every business unit(Smith,Binns,and Tushman,2010). There are various essential components which can help toimplement their project plan in an effective manner:Human resource requirement: Human resource is one of the valuable assets for everybusiness unit. They can help to contribute in the attaining organizational goals and objectives inan effective manner. it required various professional in order to implement the project in anappropriate manner. it is the responsibilities of the company is to provide training anddevelopment on a regular basis which can help to improve their project implementation. Equipment requirement: For a project it required various equipment and resources inorder to execute their project. It is the responsibilities of the cited business unit is to provide allrequired resources to their various department. Apart from that they can also provide themauthority to perform their task effectively (Edmonds, 2011). Budget and cost estimation: Budget having a great significant in a project. The citedbusiness unit is required that to communicate with finance department and decide the project costestimation. It can help in to effective control over the cost which can increase the profitability ofthe business firm.
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