Tool Analysis for Desklib

Running head: TOOL ANALYSIS
TOOL ANALYSIS
Name of the Student
Name of the University
Author Note

TOOL ANALYSIS1
Match the table of Contents to the Main Text
Table of Contents
Section A: Project management plan.........................................................................................2
Aims and Objective of project...............................................................................................2
Timeframes of the project......................................................................................................3
Appropriate project management plan...................................................................................4
Section B: Project Finding, Research and analysis....................................................................4
Conducting research for generating knowledge.....................................................................4
Analysis of the result..............................................................................................................5
Conclusion and Recommendation...................................................................................8
Section C: Performance Review..............................................................................................11
Your own performance........................................................................................................12
References................................................................................................................................13
Appendix..................................................................................................................................15
Project Log book......................................................................................................................15
Performance review template...................................................................................................16

TOOL ANALYSIS2
Section A: Project management plan
Introduction
A multinational company is a company not only do business at their home country, but also
other countries in the world. They usually will maintain their headquarter at one spot to
manage their business abroad. The characters of multinational company are:
 High asset both physical and financial
 Operation and production activities around the world by command from headquarter
 Continued expand their business/ brand globally by forceful advertising
 Advanced technology and skill
Hong Kong has her special role and advantages over the world as a gateway for foreign
investors to entry the China market, which attract many MNCs to set up their offices in Hong
Kong instead of other countries in Asia. Here is also a window for people and companies in
China to expend and promote their products to the world.
At the same time, we are facing the challenge from globalization, like talent immigration,
political environment and rapid grow of competitive countries in Asia.
The increase in number of MNCs have been changing the entire scenario of Hong Kong. This
report is focussed on understanding the change in scenario of Hong Kong. We will focus on
how do multinational companies impact the business environment in Hong Kong, and the
perception of Hong Kong people, which will included research by small scale of
questionnaire collection.
Aims and Objective of project
Aim:

TOOL ANALYSIS3
To investigate and understand the impact of MNC on the business environment in Hong
Kong.
Objectives:
 To investigate existing situation of MNC and business environments in Hong Kong
 To investigate the impact of MNC on business environments in Hong Kong
 To find out the benefit that MNCs provide to Hong Kong

TOOL ANALYSIS4
The Importance of MNCs affect Hong Kong
Import of Technical – Diversified business of MNCs import difference technical
specialists and talents with professional skill and high technology to Hong Kong. The
transfer of technology and knowledge helps Hong Kong on the economic and
productivity growth.
Employment opportunities – Setting up office in Hong Kong create job opportunities
for locals. This is also a great opportunities for locals to entry the international market.
Benefit from the globalization, MNCs help on upgrading the competitiveness of local
employees. As a result, employees can have a better lifestyle when their income increase.
Transfer of Capital – MNCs have more efficient on decision-making and flexibility on
business activities to achieve their business goal by distribute their fund. They can set up
subsidiaries or they can cooperate with local companies as joint ventures, which create
more economic activities and more capital will be transferred to Hong Kong.
Government revenue – When the government grant the permission to a MNC entry to
Hong Kong, the most advantage is income from profit tax. In addition, more employment
opportunities will increase the population of taxpayer. MNCs will also invest in
infrastructure, which can stimulate the economic growth.

TOOL ANALYSIS5
Management plan
Proper planning will be performed for performing the project initiation phase. This is
the main aspect that performing better understanding management of project execution can be
performed (Chiu 2018). Requirement gathering with the help of reviewing peer-reviewed
journals and by conducting surveys and taking interviews. To avoid go too far from the
topic, a small scale of research will be more appropriate for this project which can show the
perception of Hong Kong people about MNCs impact the business environment in Hong
Kong.
Comparing initial set of projected result and the result that received will show in the
project closure stage. Risk assessment will also perform.
Scope
In scope
 Schedule of the project Primary and Secondary data that are collected are analysed
Project Management Plan
The entire report execution processes are divided in 4 sections. The entire project is
expected to be complete in 35 days.
PHASE TIMETABLE COST
Milestone 1: Project Initiation (Expected Time: 11
days)
$1,768.00
Milestone 2: Requirement
Gathering
(Expected Time: 9
days)
$1,608.00
Milestone 3: Project Closure (Expected Time: 9 $1,512.00

TOOL ANALYSIS6
days)
Milestone 4: Risk Assessment (Expected Time: 6
days)
$480.00
Risks that are present in completion of the research paper are as follows: -
Risk Description Rating Mitigation process
Funding Issue For performing
research process
there is a
requirement of
proper funding. In
case proper funding
is not received issues
might arise. This
acts as a major risk
8 Proper planning of
the project must be
performed in the
initial stages,
keeping in mind the
different lags that
are to be maintained.
With maintaining
proper lags, this risk
can be eliminated.
Communication
issue
Communicating with
different team
members have been
one of the major
issue that is detected
in the section.
5 Developing a proper
communication plan
will ensure that
issues present in the
communication
process will get
eliminated.
Lack of desired skill
set
It has been seen that
sometimes skill set
required for
6 Provide proper
training of the
employees are one

TOOL ANALYSIS7
performing the
research process
might not be
adequate.
of the best way by
which this issue can
be eliminated
Resources
The resources that will be required for completion of the task are as follows: -
 Project Manager: Project Manager will be responsible for execution of the project;
outcome of the project will be dependent on the project manager himself/herself.
 Project Planner: the project planner performs entire planning of the project.
 Research Team: Research team performs research and hence data gathered by them is
assessed.
 Executing team: Executing team will be responsible for executing the research project
under the monitoring of project manager.
 Risk Assessment team: Analysing the risks and eliminating the same is their main job
role.
Communication
Stakeholder 1 Stakeholder 2 Communication Process
Project Manager Project Planer Face to face
Project Manager Executing Team Mail
Project Manager Research team Messaging
Research Team Executing Team Face to face
Project manager Risk Assessment team Telephonic conversation
Timeframes of the project