Impact Analysis of Globalization on Barclays Business Venture

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Managing a Successful Business Project: Impact analysis of
globalisation on business venture of Barclays
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Table of Contents
Introduction......................................................................................................................................3
Activity 1.........................................................................................................................................4
Activity 2.......................................................................................................................................15
Activity 3.......................................................................................................................................28
Conclusion.....................................................................................................................................31
Reference List................................................................................................................................32
Appendices....................................................................................................................................33
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Introduction
The management of a project is dependent on the people who are willingly participating in it and
it is necessary that the efficiency of the people be being checked before making any kind of
recruitment. The majority of the cases it is seen that the project management depends on the
efficiency of a person and the leader’s decision-making skills. In this project, the service
providing authority that has been taken into consideration is Barclays. The consulting firm is
going to give proper direction to the organisation in order to make betterment in their services
and fulfil the criteria of globalisation. Major focus will be given on the business functions like
accounting, HR, marketing and operations. A proper project management plan will be given, and
survey and interview will be done in order to have proper data according to it.
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Activity 1
P1 Devise project aims and objectives for a chosen scenario
Project Definition
Project is regarded as a collaborative enterprise, involving design or research, which is carefully
planned for achieving a specific aim. Every organization such as “Barclays” requires conducting
their several projects in order to accomplish their set business objective (Turner, 2014). In this
study, a business project of “Barclays” will be developed successfully to recognise the positive
economic, cultural and ethical impacts of globalisation over different business functions within
the organizational premises. This project is going to make proper analysis of the issues that are
associated with the business activities of the organisation. Apart from that, the impact of
globalisation on the different parts of the business will be evaluated as well. This is for proper
understanding of the impact and a rational approach towards organisational betterment in future.
Problem Statement
A problem statement is considered as a concise description of a problem to be solved. In other
words, the project team for analysing and identifying the actual issues of an organization such as
“Barclays” so that they can better prepare themselves to make proper solution of that particular
issue uses problem statement. Recognising the actual issues within the project is such important
for making better solutions of those issues. This results in better completion of the project along
with meeting all the project objectives and targets. In this project, problem statement will be
made for carrying out the exhaustive activities more effectively. Alternatively, this will assist in
improving the project in accurate manner. Globalisation cans such impact over different business
operations of an organization such as “Barclays”. In order to enhance the overall organizational
performance to the maximum level and to gain the best positive outcomes in business, the
organization named, “Barclays” will such require acknowledging the effective manner in that
globalisation will influence the organization to higher up their market position.
Project Strategy
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Making proper strategy is required for better completion of the project. In this project, a number
of effective methods have been used for carting out this business project in effective manner
(Kerzner and Kerzner, 2017). All the methods of this project have been selected after checking
the requirements of the project as well as the availability of the resources. Different
methodologies that have been selected for this particular business project are as follows:
 Primary data collection method will be used in this project for gathering the most authentic
raw data and information from the market related to the project topic. Additionally, survey
program will be conducted with 30 numbers of respondents those actually workers of
“Barclays”. An interview will also be conducted for collecting relevant data and information
from two managers of the specified organization.
 During the survey program, questionnaire will be made to ask the topic relevant questions to
respondents and to collect valuable feedbacks from them. Collected data will be analysed by
quantitative data analysis method that is such effective, especially for this type of business
project.
 Two managers of the similar organization will also be chosen for interview, from where
managers’ opinion and feedbacks will be gathered. Collected data will be analysed through
using qualitative data analysis method.
Project Aim
Every business project is conducted to achieve some specified goals or targets. This business
project is not alike other projects. The main aim of this business project is identifying the
positive economic, cultural and ethical impacts of globalisation over various business operations
within an organization such as “Barclays”.
Project Objective
Project objectives indicates to specified targets that are required to be achieved through the
conducting the project. In simple words, project objectives are made to guide an entire project
towards the right direction so that it will be easier to achieve the most positive outcome in the
project. The main objectives of this project are as follows:
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 To recognise the positive economic, cultural and ethical impacts of globalisation over several
business operations within an organizational premises
 To analyse the issues that can be faced by the organization due to globalisation over business
operations of an organization
 To make proper recommendation for better completion of the project and further
improvements
P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources
Analysing the costs for the project activities
Activities of the project Time span (Hours) Required cost in
every hour (£)
Total (£)
Collection of proper data 304 11 3344
Proper analysis of the collected
data
220 10 2200
Identification of actual issues
and making appropriate
remedies
110 12 1320
Final project report’s
completion
24 12 288
Total: £7152
Table 1: Cost analysis
(Source: Created by the learner)
Assessing the risks of the project
Serial
no.
Risks Type of
risk
Degree of
influence
Influence over
the project
Responsibly
1. Financial Moderate High Due to Finance department
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instability financial
instability, an
organization
may have to
stop their
various
business
functions.
Organizations
require
adequate
amount of
capital and
resources to
conduct all the
business
operations in
effective
manner.
Therefore, lack
of adequate
capital may
lead an
organization
towards
blunder.
of the company and
the project manager
is responsible for
managing and
conducting all the
business operations
under the financial
capabilities of the
organization.
2. Operational risk High High Within an
organization,
the employees
Project manager
and the operational
manager are
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conduct several
business
operations.
Therefore,
organizational
accidents are
very common.
Therefore,
there is always
a operational
risk within the
organization.
responsible for
maintaining the
proper safety and
recuing this kind of
accidents within the
firm.
3. Lack of
coordination
Medium High Lack of
cooperation
and
coordination
skill is a
common
problem within
an
organization.
This can
reduce the
productivity as
well as the
profitability of
the firm and
the company
may have to
Project manager has
the responsibility of
measuring the
cooperation
standard among the
employees.
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face a verity of
organizational
difficulties.
Overall
performance
can also be
hampered.
4. Improper data
collection as well
as data analysis
Low Medium Due to improper
data, the whole
project can be
lead towards
blunder. This is
not possible for
the project
manager to
conclude the
appropriate
decision through
analysing
improper data
and information.
Team members are
responsible for
collecting the proper
raw data from the
respondents and
managers.
Table 2: Risk Assessment
(Source: Created by the learner)
Plan for communication within the project
What Why How When Who
Making
contact with
employees of
“Barclays”
For the
collection of
authentic raw
Through
conducting
survey
During the
completion of
the project
Employees of
“Barclays”
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data
Making
contact with
managers of
“Barclays”
For the
collection of
authentic raw
data
Through
conducting
interview
During the
completion of
the project
Managers of
“Barclays”
Making contact
with
stakeholders
For keeping the
project on the
track and
guiding the
entire team
towards
achieving the
organizational
targets
Face-to-face
communication
During the
completion of
the project
Stakeholders of
“Barclays”
Table 3: Communication plan
(Source: Created by the learner)
Monitoring Plan
Activities Responsible persons
Setting and making Improvement of aim and
objectives of the project
Project manager
Identifying proper research strategy Project manager
Data collection Team members and project manager
Data analysis Team members and project manager
Making proper conclusion and recommendation Project manager
Table 4: Monitoring Plan
(Source: Created by the learner)
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Quality management
Quality management is regarded as the process of overseeing the exhaustive tasks and activities
required for maintaining desired standard of excellence (Goetsch and Davis, 2014). In other
words, quality management is one of the most vital processes within the organizational premises
that is used by all the business venture to measure and control their production quality. In every
project, there must be quality management for measuring and improving the quality of the entire
organizational performance. Rate of relevancy of the collected information is the key deciding
factor of the project quality. The data interpretation process will be feasible through using
statistical tools. For better completion of this project, having the authentic data and information
related to the topic is such necessity.
Scope
Included Scope
The business project’s included scope is the positive economic, cultural and ethical impacts of
globalisation upon the various business functions of an organization such as “Barclays”.
Excluded Scope
All the negative impacts of globalization will be excluded in this business project.
Deliverables
The project will be developed through identifying the positive economic, cultural and ethical
impacts of globalisation over business operations of an organization. This is fact that
globalisation such has influenced the business organizations to conduct business operations in a
more effective manner. Economic and cultural both types of organizational condition have been
improved due to globalisation. Business organizations are conducting international business
operations effectively and increasing their economic, cultural and ethical aspects within the firm
through using the globalisation in appropriate way.
Success Criteria
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This is possible to develop this business project successfully by gathering appropriate data and
information and analysing the collected data in proper manner. Additionally, using appropriate
methods for conducting the entire business project is another important consideration.
P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and
stages for completion
Work Breakdown Structure
Activity
Start
Date Duration End Date
Deciding on the research topic 2/1/2019 3 2/4/2019
Making proper aims and objectives 2/4/2019 4 2/8/2019
Literature review 2/8/2019 5 2/13/2019
Selecting the methods for conducting the research 2/13/2019 2 2/15/2019
Collection of the primary data 2/15/2019 6 2/21/2019
Analyzing the collected data 2/21/2019 5 2/26/2019
Achieving the outcomes and the recommendations 2/26/2019 3 3/1/2019
Documenting 3/1/2019 2 3/3/2019
Final report' Submission 3/3/2019 1 3/4/2019
Table 5: Work Breakdown Structure
(Source: Created by the learner)
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