Managing a Business Project: Digital Technology Impact Analysis

This project examines the impact of digital technology on business growth and innovation, focusing on its application within the fashion brand House of Fraser. It delves into various aspects of project management, including cost calculation, scope limitation, time management, quality assurance, communication strategies, risk assessment, and resource allocation. The project includes a work breakdown structure and Gantt chart to provide a clear timeline and stages for completion. Furthermore, it involves small-scale research using qualitative and quantitative methods, data analysis, and the formulation of recommendations. The study covers emerging digital technologies like cloud computing, big data, 3D printing, security, and wearable technology, assessing their effectiveness and relevance to businesses like House of Fraser. The assignment also provides a project management process which helps to manage all the mall projects of the business organization.

Managing a Successful Business Project
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Contents
Introduction.................................................................................................................................................3
Part 1:..........................................................................................................................................................4
P1: Devise clear aims and objectives for your project.............................................................................4
P2: Produce a project management plan incorporating: costs, scope, time, quality, communication, risk
and resources...........................................................................................................................................6
P3: Produce a work breakdown structure and a Gantt chart to provide timeframes and stages for
completion...............................................................................................................................................8
M1: Produce a comprehensive project management plan, milestone schedule and project schedule for
monitoring and completing the aims and objectives of the project........................................................11
Part 2:........................................................................................................................................................12
P4: Carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives..............................................................................12
M2: Evaluate the accuracy and reliability of different research methods applied..................................14
D1: Critically evaluates the project management process and appropriate research methodologies
applied...................................................................................................................................................15
Part 3:........................................................................................................................................................17
P5: Analyze your research and data using appropriate tools and techniques.........................................17
P6: Communicate appropriate recommendations as a result of research and data analysis to draw valid
and meaningful conclusions..................................................................................................................25
P7: Reflect on the value of undertaking the research to meet stated objectives and own learning and
performance...........................................................................................................................................32
M3: Evaluate the selection of appropriate tools and techniques for accuracy and authenticity to support
and justify recommendations.................................................................................................................34
M4: Evaluate the value of the project management process and use of qualitative research to meet
stated objectives and support own learning and performance................................................................35
D2: Critically evaluates and reflect on the project outcomes, the decision-making process and changes
or developments of the initial project management plan to support justification of recommendations
and learning during the project..............................................................................................................36
Conclusion.................................................................................................................................................37
References.................................................................................................................................................38
Project log book.........................................................................................................................................40
Performance review:..................................................................................................................................42
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Introduction
This assignment describes the role of digital technology in the new and innovative market. In this
assignment project management plan is discussed and the analysis is done on the effectiveness of
the project in the business organization. The impact of the digital technology on House of Fraser
is discussed in this assignment. This assignment provides the various cost, scope and time
management of the business organization. In this assignment different structures are planned to
manage the work of the organization those structures are work breakdown structure, project
management and analyzing the various tools and techniques which are required in managing the
various work and operations of the business organization. Basically this assignment provides the
study related to the digital technology and how this influence positive and negative to the
business organisation.
This assignment also provides the project management process which helps to manage all the
mall projects of the business organization. The projects are developed to achieve the different
and specific business objective of the organization. This assignment provides emerging digital
technology which helps to distribute the various benefits to the business organization. Digital
technology is the continuous growing sector as they have the great scope to extend the area of
digital market. There are various digital technologies which affect the business organization are –
cloud computing, big data, 3D printing, security and wearable technology. In this assignment, all
technologies are discussed and find the various uses of all these technologies in the business
organization. As House of Fraser deals in the various kinds of the fashion products which
recently reach at their growing stage so they use different technologies to beat the market trend
and fulfill the customers’ needs and requirements. In this assignment a successful research is
made to check the reliability and validity of the digital technologies. Effectiveness of the digital
technology will be understood in this assignment.
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Part 1:
P1: Devise clear aims and objectives for your project.
Title:
The title of the project understands the impact of digital technology in supporting small business
growth and innovation.
Aim:
The primary aim of the project is to analyze the impact of the digital technology that has been
implemented in the fashion brand House of Fraser. There are different departments are present
in the business of fashion garments such as sourcing of material, designing, stitching, trading,
marketing and promotion , manpower handling (Miller,2018).
It is necessary to handle all these functions in an efficient manner, In this project, the goals and
aims are provided by the House of Fraser that they want to achieve in the short run and also in
the long run. There are various activities are being included in the project that deemed to achieve
for accomplishing their objectives and aims.
There are the several types of issues that are being faced by the small business in UK. This aim
of this project is analyzing the evaluation of the impact of digital technology in the light of the
fashion and the beauty industry (Miller, 2018).
This project is analyzing the impact of digital technology on the renowned fashion brand House
of Fraser based in UK and helps them in solving their problems they are facing in different
functional department of the company such as manufacturing, trading, marketing and promotion
as well as human resources.
This project has also helped House of Fraser in understanding the effectiveness of digital
technology in their business functions. The main objective of the project is to identify the latest
updated digital technology that has been used by the company management of the House of
Fraser for manufacturing the finished clothing line.
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It is responsibility of the senior management to support the timely implementation of the digital
technology in the company and also to train their employees in using the latest trends. The House
of Fraser has the objective to expand its reach in different parts of the United Kingdom and
reduce its advertising and promotion cost by shifting their focus on the digital technology
implication.
For deciding the strategy that is to be followed in the project it is necessary to consider all the
factors such as external as well as internal factors. It is also necessary to evaluate the extent to
which factors are affecting the business of House of Fraser.
The aim of the project is to understand whether the digital technology techniques that are using
on the business are up to date or do they have any competitive advantage over the traditional
technology.
Objectives:
1. Evaluation of Project Impact- The main description of the project is to analyze the
impacts of the digital technology in the Small Scale industry and new innovative
business set ups.
2. Strategy undertaken in the Project- The primary aim in understanding the strategy of the
project and evaluation of the strategy.
3. Understanding Project Scope - The objective of the project is to understand the scope of
the project.
Analyzing the Project deliverables- Project deliverables are being analyzed to understand the
resources and cost allocation as per the project (Finger, 2018).
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P2: Produce a project management plan incorporating: costs, scope, time, quality,
communication, risk and resources.
A) Cost Calculation Cost
a. Cost of Material £ 2000
b. Cost of Production £ 800
c. Administration Overhead cost £ 200
d. New technology implementation £ 1000
e. Selling and distribution cost £ 700
Total: £ 4700
B) Scope / Limitation
The scope of the project is coving the impacts of the digital advancement in the small
scale business growth and the innovative business set ups. This project helps in
defining the planning of the project and process of monitoring and execution
methods (Coolican, 2017).
The scope of this project is also providing the details that are being undertaken for
the coordination and the integration of several planning activities needed to be
carried out in a project.
There is also the limitation of implementation of specific project in a certain
industry. It is not certain that all the implication of digital technology will have
sufficient output. It is necessary to identify the need of the digital technology by
proper estimation of the factors (Coolican, 2017).
C) Time
It is necessary to proper estimation of deadlines of the project and also divides the
completion of various stages of the projects in different deadlines. In this specific
case the time allotted is of 12 weeks for completion of the whole project.
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D) Quality (How do you ensure the quality of the products/ services)
The quality of services or product has been evaluated on frequent note by the quality
check or quality audit department as per the guidelines of the management and
operations department. Quality check is a very important aspect in the fashion
garments sector. Quality controlling of fashion garments manufacturing company
like House of Fraser is not compromised at any cost and should be followed up
strictly. It is very necessary that digital technology that has been implemented in this
sector will be easy to use and make growth in the industry (Suzuki, 2017).
E) Your Communication
The project is communicated in a very transparent form to the execution department
of the company. The proper documentation if the project must be done before the
execution of the project. It is responsibility of the project manager to communion of
project should be as par with the technology that has been upgraded in the
organization.
F) Risk
The risks of project must be evaluated priory before the project execution. It is also
necessary to update the management about the risks that van happen on the
implementation of digital technology in the industry. The project in charge should be
skilled enough to handle the risks that may arise on the project.
G) Resources
The resources required in the project are identified with proper care and with the
proper evaluation of the all the available resources. After evaluation of all the
available resources the project manager will select the best fit resources for their
project and analyze the resources that have been technically sound and advanced as
per the changing market scenario (Biemans, 2018).
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P3: Produce a work breakdown structure and a Gantt chart to provide timeframes and
stages for completion.
The Work break down structure and the Gantt chart for accomplishment of various activities
under decided deadlines have been described as per below:
Activities Duration
(Week) Specifications
Title selection of the
Project 2
In this activity, the proper project planning has been
done all identify all the essential components of the
project
Resource allocation 2 In this activity, the proper and best allocation has been
done as per the project objectives.
Assessing the
Strategy of project 2
In this activity, the strategy to perform this project has
to be decided in advance and also the stages to be
analysed (Webb, 2017).
Designing the
equipments 1
In this activity, The customization of the equipment
has to be done in this stage as per the decided final
design of the project.
Evaluation and data
analysis 2
In this activity, data collected in this stage for the
assessing the effectiveness of the impact of the digital
technology (McClure, 2018).
Preparation of the 1 In this activity, A proper presentation of the strategy
has been being presented before the management and
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deliverables checks the effectiveness of the deliverables before the
final implementation of the strategy.
Post quality checks 1
In this activity, the quality checks have been done for
the final output product and quality issues have been
addressed with proper care.
Handling the
feedback 1
In this activity, The feedbacks that has been received
and has been implemented at the stage of the
production with proper changes.
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Activities (Weeks) 1 2 3 4 5 6 7 8 9 10 11 12
Title selection of the Project
Resource allocation
Assessing the Strategy of
project
Designing the equipments
Evaluation and data analysis
Preparation of the
deliverables
Post quality checks
Handling the feedback
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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.
A proper comprehensive project plan has been developed before execution of the final project.
The plan will move as per the below factor and steps:
 In first stage the Aim of the project has been decided and evaluated how the outputs are
being utilized.
 Secondly the sourcing of resources and the material has been sourced from the reputed
business network of the organization.
 In third stage it is mist to analyze the external as well as internal factors that are
restricting or favouring the project. The project must be eliminating the factors that are
creating barriers on the project (Nambisan, 2017).
 Thirdly defining the project team as well as project manager has to done who will
perform in the project. This is also a part of resource identification for the project.
 Fourth the Execution of project has been started as per the decided timeline of the
project completion.
 Fifth the Plan should be taken in case of more production is required in case of increase
in demand of particular SKUs that generally can happen in the fashion industry such the
company like House of Fraser.
Project milestones are specific project factors that are amalgamated along with the certain
specific project timeline phase. Project milestones are short term objectives that are leading
towards overall project objective. These mile stones will act as catalyst in overall project
completion. Project mile stone are used for better management of the deadlines, controlling
deliverables of the project efficiently (Nambisan, 2017). Setting Project mile needed three factors
such as Frequency to check phase of project, Timing of completion of project along with timely
completion of short phases and make people accountable for the milestones completion. Project
scheduling and monitoring plays an important role in the overall project and should be followed
up in a strictly.
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