Project Management Plan for Axentin Limited's International Expansion

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MANAGING A SUCCEESSFUL BUSINESS
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Contents
Introduction....................................................................................................................................3
Task 1..............................................................................................................................................4
P1: Establish project aims, objectives, and timeframes based on the Axentin Limited
Accounting Company.................................................................................................................4
P2: Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk, and resources..........................................................................................7
P3: Produce a work breakdown structure and a Gantt Chart to provide timeframes and
stages for completion.................................................................................................................9
M1: Produce a comprehensive project management plan, milestone schedule and project
schedule for monitoring and completing the aims and objectives of the project................12
D1 Critically evaluate the project management process and appropriate research
methodologies applied.............................................................................................................13
TASK 2..........................................................................................................................................14
P 4 Carry out small-scale research by applying qualitative and quantitative research
methods appropriate for meeting project aims and objectives. Justify the methods that you
used...........................................................................................................................................14
M2 Evaluate the accuracy and reliability of different research methods applied...............17
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Introduction
The present report is highlighting the impact of globalization on the small and medium sized
companies. In this project, Axentin Limited is considered which an accounting company is
basically. Here the aims and objectives are framed by the researcher so that the work of
investigation can be carried on. Apart from this a project management plan has been also
created that is showing the aspects related to cost, quality, risk, communication, etc. are
explained. A small-scale research will be carried on by applying qualitative and quantitative
research methods appropriate for meeting project aims and objectives.
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Task 1
P1: Establish project aims, objectives, and timeframes based on the Axentin Limited
Accounting Company
Introduction:
Axentin Limited is basically an accounting company which is based on the UK. The
company majorly deals with the accounts of various national and international companies.
The mainly help the various companies and individuals to save money and earn more profits
through their business. The company has basically is supported by certified Charted
Accountant as the employees of the company which help the company in the most efficient
manner (Meyer, 2015). These employees basically help the clients of the company in the
areas of account audits, tax and consultation regarding various management issues related to
the account. It helps the company to determine the various business structures which would
help the company to manage their account in the most organized manner possible. It helps
the company or an individual to deal with the various laws and policies related to companies
law which are surrounded by the concepts of Accounts.
Explain what project management is and what it involves. The key stages of project
management
The Key stages that are involved in the management of the Axentin Limited company are as
follows:
 Starting the Project:
The step deal with the first step which is responsible for starting the project of the
company which is its lifecycle which helps the company to determine the value of the
project and its feasibility.
 Planning of the project:
It would help the agent in Company to Plan the project of the company in an organised
manner and would help to execute all the activities related to Project management of the
business of the company (Abbaszadeh, 2012). It would also help the company to execute
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all the activities of the company within the prescribed time frame. It would help the
project manager to assign the various duties and resources to different members of the
project management teams.
 Execution of the project:
This would help the company to meet with all the demand of the and expectation out of
the project. This would also help the company to make sure the company is able to meet
all the demands of the clients or customers within the market. It would help the company
to strengthen its position in the market.
 Project Monitoring and controlling:
Monitoring and controlling is essential for the company to execute all the activities of the
project according to the guidelines set by the management of the company. It also helps
the company to keep the check on the performance and the activities of the employees
and workers of the company in order to keep regulate their activities understand the
policies of the company with the help various performance indicators and software.
 Project Closure:
This step helps the company to execute all the activities of the companies successfully
and planned manner (Abbaszadeh, 2012). This would help the company to take the
project of the company at its final step and shape which defines the whole structure and
purpose of the project. It would help all the stakeholders of the company to provide a
successful outcome through the management of the project.
The aims and objectives of the project which needs to be established:
The Aim of the Axentin Limited Company:
The effective management of the project would help the Axentin Limited Company to
expand the business internationally due to the impact of Globalization on the various aspect
of the company (Jeston, 2014). It would help the company to have ease of doing business
even in the virtual space. It would also help the company to maintain effective
communication with the clients of the company and to maintain a healthy and strong
relationship with them.
The Objectives of the Axentin Limited Company:
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 It would help the company to understand the requirement of the company which would
help the company to expand the business of the company internationally and meet with
the demands of the client at the global level (Elo, et. al., 2014).
 It would also help the company to understand and get through the various model which
would help the Axentin Company to expand the business (Hillson, 2017). It would help
the company to provide customer satisfaction by meeting up with the demands of
customers at the international level.
 It would help the company to secure its position in the market.
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P2: Produce a project management plan that covers aspects of cost, scope, time,
quality, communication, risk, and resources
Project Management would help the company to understand the need of the market in order
to understand the determine the unique selling point for the company in the international
market whj9ich would help the company to serve its purpose which is related to accounting
in the most organized and planned manner (Brinkmann, 2014).. It would help the company
to manage various activities of the company in a planned manner which would help the
company to take optimum utilization of the available resources and would also help the
company to manage the various aspects within the company.
The effective Project management plan covers the following aspects:
 Cost:
The total cost incurred in the project is around £60,000. This would help the company to
analyze the cost that the company requires to accomplish the task in an effective manner.
It would help the company to calculate the total cost that the company requires incurred
in the various activities and management of the report. This would help the company to
spend in the most organized way which would help the company to manage the waste.
 Time:
Time would help the company to calculate and analyze the total time that is required to
accomplish the project of Axentin Company which would help the company to complete
the activities within the prescribed timelines set by the project manager of the company
and the senior management of the company (Bris.ac.uk, 2018). It would also help the
company to plan set the schedule for all the activities that are involved in the project
management. The total time requires is complete the project is two months.
 Scope:
The higher and wider scope would help the company to company to achieve its targeted
goals and objectives which would help the company to serve its purpose in the
international market. This would also help the company to expand its profit margin in the
global according to the expectations of the company.
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 Risk: The effective management of the project would help the company to eliminate the
risk and challenges of the company that may arise in future, therefore, it is important that
the company to stay prepared for the challenges which would help the company to intact
its position in the market.
 Constraints:
The Constraints such as the competition present at the global level can impose a threat to
the profit of the company, therefore the company to require to keep the customers engage
with the company which is only possible through the planned management of the project
which would help the company to deal with the constraints in the path of companies’
success.
 Quality:
Quality would help the company to gain a competitive advantage in the international
market and would help the company to stand out in the Global market. This would be
ensured with the help of effective management of the project of the company.
 Resources:
The resources would help the company to effectively complete the project as it is desired
by the management of the company. The effective and possible resources of the
company are workers, employees, and the required information systems.
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P3: Produce a work breakdown structure and a Gantt Chart to provide timeframes
and stages for completion
Activity Duration Start date End date
Initial phase
1. Selection of
Company
2. Designing aims
and objectives
3. Creating a project
management plan
4 days
1. Selection of the
company: 1 day (26
to 27 September)
2. creation of aims
and objectives: 1 day
(27 to 28 September)
3. Creation of project
management plan: 2
days (28 September
to 30 September)
26 August 30 September
Planning
1. Perform primary
planning
2. Plan resource
3. Plan budget
4. Plan risk
management
5. Small-scale
research
6. Developing a
Questionnaire
6 days
1. Primary planning:
1day (30 September
to 31 September)
2. Resource planning:
1 day (31 August to1
September)
3. Budget planning: 1
day (1 September to 2
September)
4. Small-scale
research: 1 day (2
September to 3
September)
5. Risk management:
1 day (3 to 4
30 August 5 September
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September)
6. Developing a
Questionnaire: 1 day
(4 September to 5
September)
Execution &Control
1. Manage
communication
2. Tracking and
managing tasks
3. Manage changes
5 days
1. Manage
communication: 2
days (5 September to
7 September t)
2. Tracking and
managing tasks: 2
days (7 to 9
September)
3. Manage changes:
1day (9 to 10
September)
5 September 10 September
Close Out
1. Closing
Documentation
2 days
1. Closing
Documentation: 1 day
( 10 to 11 September)
10 September 11 September
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August September
Acitivity
2
6
2
7
2
8
2
9
3
0
3
1 1 2 3 4 5 6 7 8 9 10 11
Initial phase
Selection of Company
Designing aims and objectives
Creating a project management
plan
Planning
Perform primary planning
Plan resource
Plan budget
Plan risk management
Small scale research
Developing a Questionnaire
Execution & Control
Manage communication
Tracking and managing tasks
Manage changes
Close Out
Closing Documentation
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M1: Produce a comprehensive project management plan, milestone schedule and
project schedule for monitoring and completing the aims and objectives of the project
The project management plan for attaining the aims and objectives of the project are
following:
 Cost: For preparing this report, around £60,000 will be invested, so the project manager
needs to arrange such an amount.
 Scope: The scope of the project is wide in nature and this can be used in future also.
 Time: This project would consume 2 month for its full competition.
 Quality: The quality should be maintained in the whole project so that no issue would
occur in future (Bizfluent., 2018).
 Communication: All the information should be shared to each and every member of the
project so that this can be completed effectively.
 Risk: All the risks related with the project should be removed as soon as possible
 Resources: Some of the resources are human resources, financial resources; other raw
material should be arranged for this project.
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