Managing a Successful Business Project
Added on 2021-02-19
21 Pages4890 Words317 Views
Business DevelopmentLeadership ManagementProfessional Development
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Managing a SuccessfulBusiness Project
Table of ContentsINTRODUCTION..................................................................................................................3TASK 1............................................................................................................................................3P1 Project aims and objectives ..............................................................................................3P2 Project Management Plan..................................................................................................4P3 Work breakdown structure and Gantt chart......................................................................6TASK 2............................................................................................................................................9P4 Small-scale research by applying qualitative and quantitative research...........................9TASK 3..........................................................................................................................................12P5 Examine research and data by using appropriate tools...................................................12P6 Recommendations...........................................................................................................17TASK 4..........................................................................................................................................18P7 Reflect on the value of undertaking the research to meet stated objectives....................18CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................20Books and Journal................................................................................................................20
INTRODUCTIONGlobalisation is a method of interacting with with different kinds of people, sharinginformation across the globe. In economic term, it can b stated as interdependence of nationaround the world supported with free thoughts and trade. Its motive are futuristic andopportunistic, in order to develop the market and large corporations (Ahmed Dine Rabeh,Jimenez-Jimenez and Martínez-Costa, 2013). The present report is based on a organisation whichdeals in fashion. John Lewis is the company who mainly is a manufacturer as well provide goodsand services to various retailers who deals in fashion across the globe. They have variety ofrange, which includes watches, house wear, furniture, jewellery, clothes and many more items.Newly, they have interned in the shoe industry so they compete with other big brands availablein the market. For this, event was organised in London fashion week in order to launch thereshoe. One of the major task is to examine the aim along with objective for the present case sceneof John Lewis. This report also include project management plan which consists of scope,resources, quality as well as time while conducting this research project.TASK 1P1 Project aims and objectives Globalisation help in establishing the interacting communication with different kinds ofpersons, different organisation located in various region across the word. It is a concept whichstraight away effects the business functionally at both domestic as well as international level. Inrelation to John Lewis, company is launching its brand new product which is shoe which comesalong with Achilles tendon protector (Crane and Matten, 2016). With the help of this, the pain ofAchilles can be easily decreased so as to lock it near the heel. The respective company isintending to introduce new products at London Fashion Week as the audience to this event isascertained to be large. Aim: “To launch new variety of shoes within the London Fashion Week in order to compete withrival firms and inflate its profits in market”. A case study on John Lewis. Objectives:To ascertain the concept of introducing new offerings within international marketplace. To assess the success of launching new offerings in front of other large scale rival firms. To ascertain the hurdles while launching new offerings within global market.
To examine strategies associated with introducing new offerings in internationalmarketplace which will assist in enhancing profitability of company. Questions:What is the concept of introducing new offerings within international marketplace?How to assess the success of launching new offerings in front of other large scale rivalfirms?What are the hurdles while launching new offerings within global market?How to examine strategies associated with introducing new offerings in internationalmarketplace which will assist in enhancing profitability of company?P2 Project Management PlanProject management plan is important for every organisation. Project management plan iscompulsory for maintain the project in a good manner. Many activities are included like the timeof the project, cost, specific information related to the projects (Den Hertog, Van der Aa and DeJong, 2010) various plans related to the projects requirement of the projects are also important.Documentation plan is necessary for the organisation. These things directly affect the growth ofan organisation. Information of the project should be accurate. Sometime decision making atcurrent timing also help in development of an organisation. It also effects on the working cultureof the organisation and also economic factors which effect the globalisation. These are dependedon projects, human resources, finance, management and many other things. Growth of anorganisation is depending on the productivity and it is directly related to the performance ofemployees. There are many aspects which are directly related to this so brief discussion of theseare as following. CostIt is an important aspect because who0le project is depends on the cost. Through costthey can complete there project in a proper manner (Eckerson, 2010). It is true that cost effect indifferent manner on specific functions. Productive of an organisation is also analysed accordingto the cost. ScopeThis is mostly used to find the opportunity which is important concept for time period ofa specific project. They 2want to explore their business through increase type of products.Through all this they can increase the scope and directly impact on the various factors related to
globalisation. Competition also i9nhcresa through all these things. Basically quality of theproduct increases the demand of the production. There is various opportunity which helps projectdevelopment.TimeThis is all about time management which is complementary for every project. Throughtiming they can divide the project into vireos segments (Gebauer, Edvardsson and Bjurko,2010 ). Through time management they can complete their work in a particular time period. Inmany organisation 50 days is the estimated time period which is given by the senior to completetheir work. Time duration of the project on the length of the project. It is flexible according to theproject.QualityQuality of a project is differentiating the product from others. Through providing a goodquality they can increase the demand of the products. There are many aspects culture, economy,lifestyle and ethical farriers are also improving the quality of the product. Mostly projects aredepending on the quality of the project. Quality is also helpful for the quantitative advantage.CommunicationCommunication is the only way to represent. Through an effective communication theycan develop their business. Effective communication is necessary for the employees. It is one ofthe important factor4 which directly implements the projects (Incelli, 2013). Effectivecommunication is uses like an advantage in organisation also support to find loo-phase oforganisation which effect the growth of an organisation. So it can say that communication isimportant in every manner.RiskAs it is knowing that in the current business environment, every projects started with arisk. When an organisation developing its projects, they need toy analysis the risk possibility inthe project. There are many type of risk that is found and those areas like the cultural risk,emotional, economical. These things are those who effect project directly. Cost of the project,timing of the project, planning strategy of the project are the main reasons of increased risk.ResourcesWhen the project is given by the researcher son it is the basic responsibility of his toprovide each and every resource related to the project. resources of the project which also comes
as a problem for the organisation. Those resources are also effect the performance of employeesand organisation. through the resonances they can complete project in batter manner.P3 Work breakdown structure and Gantt chartWork breakdown structure Work breakdown stricture is basically designed to classified a big project into severalsegments. It is an important project for every organisation. Through this classification theydistribute it in different team with a time limit. A work breakdown strictures elements can be thedata and services. Work breakdown structure help to provide an effective framework forplanning of the project (Jones and Lubinski, 2012) Through the work breakdown structure,budget of a project can be allotted on the top level. Through the calculation of project, it isderived into each department according to the project. Time duration also given for each project.Performance and quality of project are also improving through work break down structure. Gantt chartGantt chart is type of a bar chart. It is mostly uses for project schedule. With the help ofGantt chart a project manager can found timing of each activity of project. It reflects the startingdate and endian g date of project. A particular triviality should start at this time and end on thisparticularity time. It shows the direction of each activity. It also builds relationship between
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