This presentation discusses the importance of managing a successful business project and explores the development of project aim and objective, project management plan, Gantt chart, and work break down structure. It focuses on the case of Marks & Spencer, a British multi-national retail organization.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
MANAGING A SUCCESSFUL BUSINESS PROJECT
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS PART A Introduction Develop of project aim and objective Development of project management plan Explanation about Gantt chart and WBS CONCLUSION REFERENCES
INTRODUCTION Business or organisations are increasing their number of operations and functions to sustain and retain in market for longer period through conducting an effective research. Majority of the project are formulated on the basis of research for formulating new and innovative business ideas. The main aim to conduct a research is to organise and manage all business projects of organisation successfully. This report is written from perspective of Marks & Spencer which is a British multi-national retail organisation.
Develop aim and objective of project In the global competitive world competition among the organisation is increasing day by day due to which it is mandatory for all large business houses to formulate there aim according to international market. M&S operate business among several countries so large number of employees who belong to different culture are engaged in organisational operations. Therefore, to improve the overall productivity management promote equality and diversity policy which is also beneficialfororganisationtoovercomefromthecurrentemployment engagement issue by building an inclusive and diverse workforce. It results all operations are performed by respective organisation in effective manner.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
CONTINUE… Project-The term project refers to the series of task which are designed and completed to accomplish a specific outcome. A project is majorly concerned to define and develop a set of particular inputs and outputs which leads Marks and Spencer to accomplish their particular goals. Moreover, the projects which are designed by management are managed by assignation of large number of employees. Project management-It refers to the way that is managed and organised all essential resources that are required for completing the project in effective manner.Individualswhoareresponsibleformanagingresourcesare recognises as project manager. In context of Marks & Spencer management decide their project that work as a procedure which start and end with goals.
CONTINUE… Aim “To determinestrategy and initiatives which areimplemented by organisation for the development of inclusiveness and diversity of workers for enhancing overall productivity of organisation.” A study on Marks & Spencer. Objective To increase in the knowledge related with equality in Marks & Spencer. To examine all perspective that encourages overall workforce efficiency of the workforce. To ascertain the advantages of building diversity in internal premises of M&S. To undertake and study all those strategies which are related with the impact of diverse workforce in organisation.
DEVELOP OF PROJECT MANAGEMENT PLAN BY UNDERTAKING ALL ESSENTIAL ASPECTS Project management plan contain all details which are related with each action and phase of project in the form of a document. Planning, Executing, monitoring and controlling are the key aspects of project management plan that are used by the organisation for accomplish its goals and objectives effective manner. Project management plan also plays a significant role for ascertainingtheprojecttodeveloprightoutcomesinorganisation. Moreover, the benefits for project management plan are as follow: ď‚žIt helps to formulate scope, budget and schedule for each phase of project. ď‚žResources and methods which are related with business must be arranged in sequential manner. ď‚žThepossibilitiestoaccomplishorganisationalgoalsandpositive outcomes is directly increased.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
CONTINUE… Scope-The term scope refers to nature of all resources which are utilised in accurate manner to attain organisational goals and objectives. Scope is morebeneficialformanagementbecauseitleadsmanagementto understand the successful outcomes from future perspective. This also refers that there are better results are gained by management by analysing scope of company and its projects. Moreover, project manager enhance and utilised skill that are related with data and research such as analytical and research skill. Communication-Inthepresentscenario,alltaskand operations which are performed by organisation are placed at different level.
CONTINUE… Quality-Information are gathered from essential information assortment strategy for their examination work. Alongside this subjective methodology is utilized by agent for their exploration work. It essentially centre around quality which is a positive imprint for the organization. By doing so enormous clients is pulled in for the undertaking and related data. Different quality control methods can be utilized by the scientist with the goal that genuine and solid sources are utilized so as to gather data so the nature of the task can be expanded. Quality control outline, stream diagram and so forth can be utilized by the analyst to check the nature of work. Quality control chart work as an effective tool that is used for maintaining quality of project. With the implement control chart all information presented by management in a graphical form. This result it is easy for management to regulate work and its performance for the completion of specific project.
CONTINUE… Crises/Emergency Description Tendency of risks to happenRisk Avoiding Techniques Ineffective use of informationAverageWiththeuseofappropriate planningtoolsitiseasyto conduct research that helps for usingdatainappropriate manner. Ineffectivemanagementof tools AverageThisiscomplexand challengingforthefirmto resolveallproblems appropriately. Theinappropriatetime management HighWith the implement of WBS properly it is easy to complete project properly.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
EXPLANATION ABOUT GANTT CHART AND WORK BREAK DOWN STRUCTURE Gantt chart-The Gantt chart work as an effective bar which is used for illustrating the schedule for the project. Along with this with implement of Gantt chart it is easy to show and formulate better activities due to which all task are completed as per schedule. This is utilised by the project manager to show right information about all task and phase of project to complete each activity in accurate manner as per decided time period.
CONTINUE…
CONTINUE… WBS-Work break down structure works as an effective tool for project management plan which helps for flouting down a project in small components. It is also used for simplifying execution of projectintomanagerialsmallareas.Thisisalsohelpingthe organisationfororganisingandmanagerialprojectsinproper manner. Along with this by utilising the work break down structure an organisation assign all responsibilities in proper manner that estimate time, cost and risk aspect properly for completing project as per desired outcomes.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
CONCLUSION From this report it can be concluded that equality and diversity among workers is very important at a workplace as it help ion increasing the coordination and cooperation among the employees and also help in increasing their performance. Equality is important so that the confidence of employees can be boosted as they are treated equally whereas diversity can help in increasing innovative and varied ideas so that problems in company can be solved in an efficient manner. Companies can take various initiatives like performance appraisals, training and development programs, rewards, improvement in recruitment policies, employee engagement etc. so that a culture of inclusiveness and diverseness can be created in company.
REFERENCES Ng, E. and Rumens, N., 2017. Diversity and inclusion for LGBT workers: Currentissuesandnewhorizonsforresearch. CanadianJournalof Administrative Sciences. 34(2). pp.109-120. Menkel-Meadow,C.,2017.Themanywaysofmediation:The transformationoftraditions,ideologies,paradigms,and practices. Foundations of Dispute Resolution. 1. Loseke,D.,2017. Thinkingaboutsocialproblems: Anintroductionto constructionist perspectives. Routledge. Lopez, S. J., Pedrotti, J. T. and Snyder, C. R., 2018. Positive psychology: Thescientificandpracticalexplorationsofhumanstrengths.Sage Publications.