Tesco Project Management: Strategies, Resource & Risk Assessment

This report analyzes project management strategies employed by Tesco, focusing on adapting to post-pandemic business expansion through technology. It details stakeholder analysis, distinguishing between internal and external participants, and examines the work breakdown structure (WBS) with the board of directors at the helm. The report identifies resources and costs, including the use of Oracle and SAP business objects for cost management and a cost-plus pricing strategy. It considers financial, human, educational, physical, and emotional resources critical for project execution. A Gantt chart is used for project scheduling. Key risks, such as resource scarcity, credit risk, and market risk, are assessed. The report concludes that effective project management is essential for organizational success, requiring careful consideration of project outlines, stakeholder involvement, work distribution, resource management, and risk assessment. Desklib provides access to this and other solved assignments to aid students in their studies.

Managing Projects in the Organisation

Table of Content
Introduction
Basic project outline
Stakeholder Analysis
Work Breakdown Structure
Resources/cost used within TESCO company
Consideration of resources
Project Schedule/Gantt Chart
Risk Assessment
Conclusion
References
Work Breakdown Structure

Introduction
Project management basically refers to the process of leading the work of a team to achieve
all project goals within the given constraints. Project management is important because it
brings leadership and direction to projects. It basically requires direction, control and
purpose. It also enables team members to do their best work and also allows for leadership as
well

Basic project outline
TESCO is a company who has improved
themselves from impact of pandemic
situation with support of new technologies
and apps. For expanding their business
they have made new strategies and make
proper planning for it. TESCO has used
some project management tools to achieve
their objectives into positive manner.

Stakeholder Analysis
A stakeholder analysis is a process of identifying
those people before the project initiates and group
them according to their rivals participation, interest
and influence in the project. With respect to TESCO
company it has two types of stakeholders which are
on internal and external level.

Work Breakdown Structure
A work breakdown structure is a deliverable oriented
hierarchical decomposition of the work to be executed by
the project team to accomplish the project objectives and
create the required deliverables. Within TESCO company,
the work is distributed in a very systematic manner where
Board of directors is the main authority.

Costs/resources use within TESCO
company
 For managing the cost parameter, they have used oracle and SAP business
objects pole star applications. This application has been taken on preference
because it is the retailer preferred enterprise system. For managing the cost
factor, they have used cost plus pricing strategy that adds a standard mark up to
the cost of a product.

Consideration of resources
There are certain resources which plays a very important role in terms of achieving
targets within a set period of time. For execution of a project, there are basically five
resources that has been used within a business. It includes financial resources,
human resources, educational resources, physical resources and emotional
resources.

Project Schedule/Gantt Chart
A Gantt chart is a type of
bar chart which illustrates
about a project schedule and
act as project management
tool for assisting in the
planning and scheduling of
projects of all sizes .

Continue

Continue

Risk Assessment
There are three main risks while executing the project and it includes scarcity of
resources, credit risk and market risk. Scarcity of resources is taken into
consideration in medium terms because this situation has arises in rare conditions
and in emergency situations. Credit risk is higher in terms of project execution
because sometimes while executing the project, it cross the financial limit of budget
set by the company.