Globalization Project: A Project Management Plan for Budgens

Desklib provides past papers and solved assignments. This project details Budgens' globalization strategy using project management.

Table of Contents
LO1................................................................................................................................................................2
P1 Devise project aims and objectives for a chosen scenario....................................................................2
P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources............................................................................................................3
P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and stages for
completion..................................................................................................................................................4
Gantt chart:.................................................................................................................................................5
M1 Produce a comprehensive project management plan, milestone schedule and project schedule for
monitoring and completion of the aims and objectives of project.............................................................6
D1 Critically evaluate the project management process and appropriate research methodologies applied
....................................................................................................................................................................7
Risk register:..............................................................................................................................................8
References..................................................................................................................................................9
1

LO1
P1 Devise project aims and objectives for a chosen scenario
Globalization is a process which based on international strategies that are basically used to
expand the business on worldwide level in order to market their business well. Some aims and
objectives of globalization described briefly:
Aim: The main aim of globalization, is to increase the international trade of Budgens as a
grocery store in market. It also enhance the status in order to show the goods and services of
various underdeveloped nations in international market.
Objectives: Some objectives of globalization under Budgens are listed below:
 To maintain contacts with other grocery stores and their clients and offer them a less amount so
that they can be attracted.
 To increase the international contacts that can be beneficial in order to increase the international
trade and improve the status of Budgens in the perspectives of goods and services.
The major advantage of starting a joint venture is that it can help in the faster growth of Budgens
business as in order to enhance the productivity in international market. Approach of
globalization has been used in order to access full utilization of all the resources (Rug.nl, 2018).
2

P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources
In order to manage a project efficiently, planning is to be done with the preliminary stage to the
final stage.
Cost: In order to increase international trade of Budgens in market, cost must be managed in
such a way that the sales of Budgens could be economical as well. For example, if Budgens have
to increase international trade in market, they have to lower the cost for the products so that the
sale increase and as the sale increases, the effect of globalization improves.
Scope: Benefits and outputs of products as well as company is being identified in order to
enhance the overall effect of globalization in this phase.
Time: In order to manage a project in the perspective of an efficient globalization, a time frame
is required so that the activities in company can be monitored.
Quality: The research carried out over Budgens is in qualitative and quantitative manner and the
research only contains qualitative data as it produces good quality result in the comparison of
quantitative results.
Communication: The project management plan helps in improving the formal and informal
communication over globalization in Budgens related to the increment of international trade.
Risk: In order to mitigate the risks related to the joint venture of Budgens, the project
management plan is achieved so that a productive research can be carried out.
Resources: Under a project management plan, resources are full utilized. So, the responsibility
of Budgens is to utilize the resources which are useful over globalization (nibusinessinfo.co.uk,
2018).
3

P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and
stages for completion
Work breakdown structure
This structure helps in defining the project management plan related to the globalization in order
to enhance the productivity of Budgens in market so that the linking of Budgens in international
market can increase their trades.
Task Initial/start date End date No. of days
Idea generation 18 January 2019 20 January 2019 3 Days
Market analysis 21 January 2019 28 January 2019 8 Days
Formulating a
market strategy
29 January 2019 31 January 2019 3 Days
Establishing
partnership with
REWE
1 February 2019 4 February 2019 4 Days
Product
development
5 February 2019 7 February 2019 3 Days
Product launch 8 February 2019 10 February 2019 3 Days
Review of the
product
11 February 2019 14 February 2019 4 Days
4

Gantt chart:
Activities
18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Idea generation
Market analysis
Formulating a market strategy
Establishing partnership with REWE
Product development
Product launch
Review of the product
Jan-19 Feb-19
5

M1 Produce a comprehensive project management plan, milestone schedule and project
schedule for monitoring and completion of the aims and objectives of project
Project management schedule depends upon the milestone schedule. Milestone schedule
comprises of all the activities which are related to implement the project. The aim is to achieve
maximum number of customers with lower operating cost so that the effective GDP can be
achieved. To access raw materials and the resources which are equipped with the product, the
approach of globalization has been used. In Budgens, some aspects may be addressed that are
related to the retail sectors in order to meet the goal and requirements of Budgens as well as their
consumers in the field of globalization (Rug.nl, 2018).
6

D1 Critically evaluate the project management process and appropriate research
methodologies applied
The benefit of a joint venture is to share the risks and costs, make access to the finance,
resources, more efficient products etc. Some risks of joint venture is that the objectives are not so
clear with the partners as they have their different objectives to start a joint venture, less co-
operation because of different culture and styles etc. (nibusinessinfo.co.uk, 2018).
Pros of project management plan –
 Time management can be done easily
 All resources are fully utilized
Cons of project management plan –
 Chances of getting conflicts
 Cost will be occupied more
7

Risk register:
 Risk can be generated in globalization when the competition among different business sites
become increases as the company has to transfer their products at low wages.
 Uncontrolled money flow gives rise to economic crises in capital marketing due to globalization.
 More dependency with less control on economy.
 Problems on enormous environment are created due to the industrialization.
 Crime becomes internationalized because of globalization (Global-ethic-now.de, 2017).
8

References
 Global-ethic-now.de. 2017. The risks of globalisation. [online] Available at: https://www.global-
ethic-now.de/gen-eng/0d_weltethos-und-wirtschaft/0d-01-globale-wirtschaft/0d-01-104-
risiken.php [Accessed 15 Feb. 2019].
 nibusinessinfo.co.uk. 2018. Joint venture - benefits and risks. [online] Available at:
https://www.nibusinessinfo.co.uk/content/joint-venture-benefits-and-risks [Accessed 15 Feb.
2019].
 Rug.nl. 2018. Aim And Objectives | ASC menu | Globalisation Studies Groningen (GSG) |
Research | University of Groningen. [online] Available at:
https://www.rug.nl/research/globalisation-studies-groningen/asc/aim-and-objectives?lang=en
[Accessed 15 Feb. 2019].
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