Unit 6 Assignment on Managing A Successful Business Project

Unit 6: Managing A Successful Business Project
Task 1P1 Devise project aims and objectives for a chosen scenario
Globalization is a process based on international strategies that are basically
used to expand the business on a worldwide level in order to market their
business well. Globalization is the process of expanding business at the
international level. Budgens is UK based small and medium-size supermarket
which expands in the international market. The joint venture is one of the
strategies to enter the international market. The joint venture is a temporary
association of the business between the organization to maintain its
independence. Such as Budgens establish a joint venture with REWE to enter in
the international market and attract a new customer base. The joint venture is
considered beneficial in case of raising funds and provides the opportunity to
gain new markets. Joint venture with other company helps in gaining new better
resources of specialized staffs and technology. However, it includes risk to the
business with a limited opportunity to the business. It also lacks clear
communication between partners and among employees at the workplace due
to cultural issues. There are unequal involvement and restricted flexibility which
impact the process and operations of the business.
Aim
The aim of this research is to evaluate risks and benefits in an international joint
venture for Budgens to enhance the international trade while entering in UK
retail market.
Objectives
Some objectives of globalization under Budgens are listed below:
To attract large base of customers through developing contact with other
grocery stores and their clients to offer them low cost products.
Collect primary data through small-scale research to understand the
needs of company to use joint venture method in business (Tonchia,
2018).
To analyse the risks and benefits of joint venture for Budgens in the
internal market.
Make justification measures for the recommendation of entry mode.
The major advantage of starting a joint venture is that it can help in the faster
growth of Budgens business as in order to enhance the productivity in the
international market. Being an employee of Budgens, I have grabbed
opportunities and gain knowledge with respect to new job roles and

responsibilities in the business. Being staff, it is beneficial to enter in the joint
venture which results in increment of salary and helps in gaining experience
with respect to new market and customers. Approach of globalization has been
used in order to access the full utilization of all the resources (Rug.nl, 2018).
P2 Produce a project management plan that covers aspects of cost, scope,
time, quality, communication, risk, and resources
In order to manage a project efficiently, planning is to be done with the
preliminary stage to the final stage.
Cost: The cost of the carrying out this research is dependent on many factors,
such as scope of the research, research approach used, data collection
methods, project procurement, and other miscellaneous tasks. It is important to
consider all these factors in order to allocate budget. In order to have a better
control of cost, it is required to stick to the project scope and complete all task
within the stipulated timelines.
Project Tasks Cost (in Pounds)
Research & Development 1100
Data Collection Task 300
Resource Procurement 1100
Project Controlling 1200
Others 300
Total 4000
Scope:The project scope is in line with the project objectives. It is required that
the scope should not be changed otherwise it would increase the cost. Benefits
and outputs of products as well as a company are being identified in order to
enhance the overall effect of globalization in this phase.The scope for an

employee is wide with the new job opportunity roles and responsibility. A
primary research will be conducted in which the stakeholders will be asked
some questions regarding the international expansion of the company. The data
collected will be analysed and based on the research, some recommendations
will be provided.
Time: In order to manage a project in the perspective of efficient globalization,
a time frame is required so that the activities in a company can be monitored.
Time management is most necessary for employees which helps in scheduling
urgent works and tasks.
Quality: The research carried out over Budgens is in a quantitative and
qualitative manner and the research only contains qualitative data as it
produces a good quality result in the comparison of quantitative results. The
employee has to enhance the quality of their work in order to achieve the
objectives of the organization.
Communication: The project management plan helps in improving the formal
and informal communication over globalization in Budgens related to the
increment of international trade. Communication is a key element to achieve
tasks and goals in the team. Therefore, being a staff, it is necessary to develop
clear communication between different departments.
Risk: In order to mitigate the risks related to the joint venture of Budgens, the
project management plan is achieved so that productive research can be carried
out. Risk can be carried out for employees with a joint venture of companies. It
leads to cultural barriers and rises in the conflict of interest in the workplace.
Resources: The project resources consist of human resource, material,
technology, capital, and other useful resources. These are required for the
effective and timely completion of the project.
Resources
Capital Resources The budget of at least 4000 pounds is required
Human Resources and workforce Project Manager
Research and Development team

Finance Manager
Project team
Documents Required Gantt Chart, Project Plan, Scope, risk register, WBS Structure, and communication plan
Project tools
Questionnaires and interviews form
Communication tools: Emails, newsletter, notices
Project quality tools- quality metrics, Project audits, and checklist
P3 Produce a work breakdown structure and a Gantt chart to provide
timeframes and stages for completion
Work breakdown structure
This structure helps in defining the project management plan related to the
globalization in order to enhance the productivity of Budgens in a market so that
the linking of Budgens in international market can increase their trades.
Gantt Chart
Activities

1-21
Jan 22jan
28
Feb
1-31
March
1 April-
30 April
1-31
May
Idea Generation (Aims and
Objectives)
Primary Data Collection
Data Analysis
Marketing Strategies based
on Recommendations
Launching Strategies
Team Feedback Analysis
Final Documentation
M1 Produce A Comprehensive Project
Management Plan, Milestone Schedule And
Project Schedule For Monitoring And Completion
Of The Aims And Objectives Of A Project
Project management schedule depends upon the milestone schedule. Milestone
schedule comprises of all the activities which are related to implementing the
project. The aim is to achieve a maximum number of customers with the lower
operating cost so that the effective GDP can be achieved. To access raw
materials and the resources which are equipped with the product, the approach
of globalization has been used. In Budgens, some aspects may be addressed
that are related to the retail sectors in order to meet the goal and requirements
of Budgens as well as their consumers in the field of globalization (Rug.nl,

2018). The employees at Budgens plays a Belbin’s role which is helpful in
managing task and achieving goals of the organization. Being appointed as
manager in the Budgens, it is necessary to manage the project and their
scheduling with the decided time-frame.
Milestone
Activities
1-21
Jan
22 Jan-
28 Feb
1-31
Mar
1-30
April
1-15
May
16-31
May
Research methodologies
and Planning
Resource Allocation and
time scheduling
Questionnaire
development
Complete Data
Collection and Analysis
Strategy Formulation
Activities Analysis
Project Closure
(Launching)
D1 Critically Evaluate The Project Management Process And
Appropriate Research Methodologies Applied