Importance of Project Management Plan and Research Methodologies

This presentation highlights the importance of developing a project management plan and research methodologies for a successful business project. It covers the cost, time, resources, data collection, and key findings using appropriate tools. The research focuses on diversity and equality in the workplace.

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.

P4 Small scale research applying primary
and secondary methods
Research methodologies: There are several elements are involved in research methodologies which are as
follows:
Research types: Qualitative and quantitative are 2 types of research. For this research, researcher will use
qualitative type of research and for this it conduct questionnaires. It is all related to quality and human
behaviour. Whereas, quantitative data collected in the form of numbers.
Research approaches: Inductive and deductive are 2 approaches of research whose selection is mainly rely on
the research type. As it is stated that researcher uses qualitative type, so he/she will use inductive research
approach that is called a brand new theory.

Cont….
• Data collection: Primary and secondary are 2 collection type. Primary is all about new and secondary is
second hand. For making the research successful and authenticate, researcher uses both type from books &
journals, internet and observations.
• Sampling: Probabilistic and non-probabilistic are main 2 types of sampling. By selecting the best way,
researcher can get appropriated and authenticate data. For this, researcher take 20 employees of Selco
Builders Warehouse as a sample with using random sampling.
• Data analysis: Qualitative and quantitative types and relevant tools of these are being used for data
analysis. For making all collected data accurate, data analysis tools are used. For this research project,
scholar uses qualitative data analysis tool.

P5 Key findings and data using appropriate
tools
• Theme 1. Do employees of all cultures are respected equally?
• Participants
• Answers
• 12
• Yes
• 8
• No
Answers
12
8

Cont…
• Theme 2 Employees from different culture and background feel comfortable to interact with each others ?
• Participants
• Answers
• 7
• Yes
• 9
• No
• 4
• Neutral
0%
20%
40%
60%
80%
100%
7 9 4
Column2
Column1
Series 1

Cont…
• Theme 3 Your firm’s policies discourage discrimination
• Participants
• Answers
• 11
• Strongly agree
• 5
• Disagree
• 4
• Strongly disagree
0 0.2 0.4 0.6 0.8 1
11
5
4
Series 1
Column1
Column2
Interpretation:

Cont…
• Theme 4 Main negative impact of diversity and equality
• Participants
• Answers
• 8
• Labour turnover
• 7
• Decreased organization productivity
• 5
• Internal disputes
0
0.2
0.4
0.6
0.8
1
8 7 5
Column2
Column1
Series 1

Cont…
• Theme 5 some ways and strategies by your company to solve discrimination
• Participants
• Answers
• 11
• Modification in recruitment strategies
• 8
• Concentration of group task
0
0.2
0.4
0.6
0.8
1
11 8
Column2
Column1
Series 1

Cont…
• Theme 6 Development of diversity contribute to firm’s growth
• Participants
• Answers
• 15
• Yes
• 5
• No
0 0.2 0.4 0.6 0.8 1
Participants
15
5 Series 1
Column1
Column2

Cont…
• Theme 7 Reasons that create problems of diversity and equality at workplace
•
• Participants
• Answers
• 12
• Lack of training
• 8
• Company’s policies and ineffective leadership
0%
20%
40%
60%
80%
100%
12 8
Column2
Column1
Series 1

Cont….
• Theme 8 Recommendations for solving diversity and equality related issues
Interpretation: Some employees said that Selco Builders Warehouse Company need to concentrate on
changing its policies and should follow all rules related to diversity and equal pay. Some employees said
that they do not have knowledge of different languages, so it should also focus on diversity awareness and
training program for them.

P6 Recommendations results of findings
• It can be recommended to the company that it needs to develop diversity and training program in order to
make all employees aware about it. With the help of training it can increase knowledge of employees
regarding different languages and culture. Different languages is teh main problem that creates
misunderstanding and conflicts among employees.

P7 Reflection
• From the above study I learned the way of solving problems and the importance of being calm in all type
of situations as researcher remain in this research. I also get to know the importance of data collection,
analysis and their interpretation for getting relevant data and finishing the research project.

CONCLUSION
• It has been summarized from the presentation that data collection and findings played a vital role. With the
help of questionnaires and sampling, researcher got accurate and relevant data related to the topic.
Research methodologies as well as PMP also helped researcher in making the research successful in
analysing issues related to diversity.

REFERENCES
• Wickham, H., 2016. ggplot2: elegant graphics for data analysis. Springer.
•
• Künnecke, W., TRACE Analytics GmbH, 2018. Sampling device and sampling method. U.S. Patent Application 10/022,081.
•
• Noe, R.A. and et.al., 2017. Human resource management: Gaining a competitive advantage. New York, NY: McGraw-Hill
Education.