Importance of Project Management Plan and Research Methodologies

Managing a Successful
Business Project

INTRODUCTION
• This presentation is going to show importance of developing project management plan that
shows estimated budget and all expenses, time, scope of conducting research. Further it will
also show all steps of research methodologies and data collection that helps researcher to
make the research successful. Lastly it will show the ways of getting information’s like
questionnaires by which researcher will collect relevant information’s.

P 2 Project management plan including cost, time,
resources.
It includes resources that can be used in conducting research, estimated time, cost, importance of quality
and risk that can occur while conducting research. It is just an outline and a plan for further steps of
research.
Cost: Cost is an important element of this project management plan. It helps researcher in getting a
estimation of all expenses. For conducting this research, researcher has estimated £ 30,000 cost.

Cont....
• Time: Estimation of time of completing research is an integral part. For this researcher has estimated 20-
25 days.
• Quality: Maintaining a quality and developing a qualitative research shows readers that researcher has a
good and vast knowledge about the given topic, For creating accuracy and effectiveness of research,
scholar has used KPI tool that measures quality.
• Communication: Selection of communication tools is also important element of PMP. Research has used
E-mail and other sources of communicating with people connected with this project.