University Business Report: Managing a Successful Business Project

This report delves into the critical aspects of managing successful business projects. It begins by outlining project aims and objectives, emphasizing the importance of strategic planning and resource utilization. The report then explores the development of a comprehensive management plan, including the creation of a work breakdown structure and Gantt chart for effective time management and task allocation. It also examines the use of small-scale research and data analysis techniques to gather insights and inform decision-making. Furthermore, the report provides recommendations for achieving project success, emphasizing the significance of adaptability and continuous improvement in the face of technological advancements and market competition. The analysis includes an overview of how companies can leverage technology for business development and to improve their operations, marketing, and financial strategies. Overall, the report offers a practical guide to navigating the complexities of business project management and achieving desired outcomes.

MANAGING
SUCCESFUL
BUSINESS

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Project aims and objectives....................................................................................................1
P2 Management plan...................................................................................................................2
P3 Work breakdown structure and Gantt chart to provide time frames for completion of
project..........................................................................................................................................3
TASK 2............................................................................................................................................5
P4 Small- scale research..............................................................................................................5
TASK 3............................................................................................................................................7
P5 Research and data using effective tools or techniques...........................................................7
P6 Recommendation.................................................................................................................11
TASK 4..........................................................................................................................................11
P7 Covered in PPT....................................................................................................................11
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Management of business activities is consider as a crucial aspect for every organization
as well as entire corporate world because success of a company is depend upon their highly
profitable projects. In fact, multinational enterprises of European market is fully focussed on
their success business assignments in order to attain their set objectives by generating maximum
revenue (Bell, 2014). Thus, major objective of this report is to provide an appropriate
opportunity to their employees or students for demonstrating a skills or talent required for
handling and execution of any project. This, assignment is segregated into four sections of
showing corrective path or methods of managing a successful business project by considering
relevant facts or figures. Initially, it will highlight aims or objectives for understanding the role
or responsibilities of other factor while managing a business program. Along with this, an
independent research team is going to conduct by entity for gaining accurate information or data
with the help of effective modes. Lastly, self understanding is also going to outlined in this
report.
TASK 1
P1 Project aims and objectives
In current period of time, it is essential for every enterprises to prepare an appropriate
plan in order to develop and extend their business operations for gaining maximum benefits. An
effective project consist of overall image of benefits acquired by firm after competing particular
assignment as well as forecast the future image of an enterprise at marketplace. In fact this aspect
is seen as a one of the indispensable part for every business due to their resource utilisation in an
appropriate way (Bennett, 2014). Therefore, initial goals of projects are to gain maximum return
on their investment by satisfying needs of their customers as well as employees. Apart from this
for encountering tough competition due to emergence of number of rivalries with innovative
ideas, managers of firm is going to adopt digital technology for finishing their project in a
defined time period. Thus, in recent time period top most example of development in technology
are “Apple inc. ” as they are modifying their products on continuous bases and coming up with
numerous of advanced equipments. Basically, apple inc. is working in a telecom industry whose
main objective is to design their phones in attractive way for capturing attention of domestic as
well as foreign customers. Therefore, managers of a company is trying to organize entire
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business activities in a efficient manner for minimizing chances of loss and succeeded in gaining
positive outcomes. Hence, major aim or objectives of this assignment is explained as follows:-
Title:- “Alteration in advanced technologies have a major impact on business operations
such as; HR, marketing and finance”
Project prospect:- Apple is a growing or developing company by reforming their existing
products on continuous basis for bringing something innovative at a marketplace. In fact, it is
essential for an enterprise to design their operational management as per demand of entire
society or surrounding. Therefore, adoption of advanced technology plays a major role in
increasing their efficiency as well as productivity for acquiring maximum benefits on their
investment (Brown, 2013).
Research aim:- Utilization of modern technology in order to transformation in business
products for acquiring high benefits.
Objectives:- Major goals of an assignment is described below:-
 Initially, researcher want to conduct investigation program for maximizing their
efficiency of technology in order to improve their business performance.
 Accumulating latest technology or equipments for enhancing their current products by
making it more impressive and qualitative.
 They want to create a positive image at marketplace.
Research questions:-
Q1: What is more significant for transmutation of business operations?
Q2: How modern technology or equipments can reform the lifestyle of consumers?
Q3: Is modification in existing products is necessary for business development?
Q4: Alteration in current phones is liked by customers or not?
P2 Management plan
Basically, it is embody with knowledge and idea of work that would be done in future.
Planning for project is address a document which will be used as guide for execution and control
over company's assignment (Cleary, Horsfall and Hayter, 2014). These are made up in
accordance with firm's standard that what they want to serve in market and also what they could
be done to accomplish his objective along with customer satisfaction through being in ethic or
without harming any government rules and regulations. Apple is famous technical
communication company their objective is to create moderation in every coming project to
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showcasing best in market. For it, firm always draws plan which facilitates them to look after
project or productions. Scope of a project: This is to make advancement while participating in business
activities. It is describes, what will be the features and characters needed to be add in
project or product to deliver with specific time. This phase is work oriented here it is an
process of identifying what work is required first and then taking reviews while
proceeding and makes sure the work will done. Cost: For planning a project. It is necessary to seek cost on product with production. As
apple comes with advance technique in market. Price of his offered commodity could be
a cause in failure or product or reason for benefits. Company needs to do costing as their
target market with benefits of new range features and uniqueness. Time: Technical thing took long procedure and consume more life. As per apple's
moderation scheme his assignment should be done in allotted time. For a project it is
compulsory to wrap up all the production in given period and showcase goods for
retailers (Crane and Kazmi, 2010). Quality: If individuals spend their penny on any thing they wants to have advance
generation technique along with better quality product as compare to last one. Customers
have their own parameter that influence his purchasing power. Firm needs to match with
it to get high profit. Risk factor: Organisations should protect themselves from business competitor this is
prominent thing which affect and firm. They needs to save their planing or product
against to disclose in any channel like internet.
 Communication: Major element for organisation. Effective interaction among employees
and employers for completion of project successfully. Perfect bland of words with works
can have ability to serve profit with satisfaction.
P3 Work breakdown structure and Gantt chart to provide time frames for completion of project
Apple is a very large organization by having its branches across the globe by serving
domestic as well as foreign customers for gaining maximum benefits as well as trying to
establish their goodwill at European marketplace. Therefore, by having their subsidiaries in
number of countries and establishing plants, managers of an enterprise need to use work
breakdown structure for accomplishing their work in a minimum time period by attaining set
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objectives or goals. This tool is very useful in completing particular project in a minimum
duration by breaking the roles and responsibilities between various staff members (De Visscher,
2016).
In other words “work breakdown structure is a key to success which organize entire team
work into manageable segment by classifying duties between entire employees”. Along with this
it also provides a hierarchy in which works are assigned to subordinates as per their
specialisation. If an organization is not going to divide their work in various departments then
they are not able to manage a successful business project in an appropriate manner as well as
encountered number of risky situations. Therefore, for dealing with these kind of circumstances,
managers have to segregated work between them. Thus, in order to implement a well managed
investigation managerial team have to follow several useful stages that are highlighted below:-
 Identify initial cause of investigation which is required for conducting.
 Assessment of written material.
 Notice various issues.
 Brief the concept of study.
 Preference of responder which are going to implement research programme.
 Enhancement of plan.
 Accumulation of information.
 Assessment and evaluation.
Therefore, an organization need to use these steps while handling project that is based on
digital transformation (den Hertog, van der Aa and de Jong, 2010). Their first and foremost
target is to conduct their business operations in a such a manner so that company get succeeded
in promoting their products or services across international boundaries by considering relevant
facts or figures. Consequently, another motive of work breakdown structure is to distribute
works between staff members as per their field and schedule specific time period for
accomplishment of specific task in order to complete allotted work in a given time frame. Along
with this an effective Gantt chart is also drawn which is consider as a blueprint of overall
activities and shows corrective path towards organizational goals or objectives. Thus, an
appropriate structure of work breakdown is highlighted as follows in which task is divided
between employers and subordinates for accomplishing it as soon as possible:-
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(Source:- Burrows, 2017)
“According to this graphical representation it has been observed that while promoting
products across international boundaries by using latest technology that is; online shopping, an
organization is going to break their work between various team for completing it in an
appropriate manner. Along with this it is also useful in avoiding mistakes or errors”.
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TASK 2
P4 Small- scale research
Investigation is a systematic approach which is used by numerous of organization for
accumulating precise information or data for getting aware about advantageous or limitation of
particular assignment (Gharajedaghi, 2011). In fact, an effective tools or techniques is adopted
by business entity while gathering relevant facts or figures in order to make effective decision
making process. Basically, each and every information plays a very eminent role for managers
because it helps them during decisional process. Apple is a multinational enterprise in telecom
industry by coming up with innovative or creative products for defeating their close substitutes.
Therefore, implementation of an effective research programmes is very much essential for
attaining set objective with the use of necessary equipments. Thus, it has been identified that,
research team need to design their investigation events in effective way for gaining maximum
benefits by getting aware about marketing strategy of their competitors. Additionally, there are
numerous of methods are available which might be used by organization while collecting precise
information for specific project in order to make appropriate decision (Law, Chen and Wu,
2010). In context with this, there are two types of useful or significant methodologies that is
adopted by investigation team of apple company which are explained as follows:- Primary data :- According to this mode, information which is gathered is fully fresh and
one hand that is collected for first time. Along with this, it is also reliable or very precise
such as ; personal interview and so on.
 Secondary accumulation method:- This data is already available and used by some
other person. For example ; previous records, literature written by scholars, books and
so on. Basically, this method is mostly adopted while comparing between results of past
two years with the use of several charts and graphs.
Consequently, both the above utilized methods are appropriate and effective for
investigation team as information is gathered from research is acquired from numerous of
sources. Therefore, for assessment of technology transformation in apple company these
methods are seen as a most reliable approach. Apart from these two, few other techniques are
also there which are used by group in order to collect useful information that is described as
follows:-
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 Qualitative:- As per this tool, data are gathered in non-monetary form in which collected
facts are measure in terms of their quality. It means whether the material that is
accumulated is qualitative or not while using it (Riedl, Davis and Hevner, 2014) .
Therefore, researcher team always ensure that whatever they are gathering must be useful
or suitable while using it. Several aspects are; journal, books etc.
 Quantitative:- According to this technique, facts or figures are collected in monetary
form provide information in a statistical form. Basically, this tool is seen as more reliable
as compare to quantitative because data is in digits form that gives accurate information
about performance of project based on digital technology.
P5 Research and data using effective tools or techniques
Enquiry is term that is seen as a systematic procedure which can supports an enterprise
by collecting effective data or information for increasing their productivity (Introducing
Research Methods, 2017). Therefore, various methods are there which is used by company for
finishing this assignment successfully are described below:-
Research design:- It is considered as a most indispensable part for this programme
because overall work is rely on selected design. Thus, identifying influence of investigation is a
primary goal. Basically research is classified into three main parts for example; descriptive,
exploratory and experimental. Therefore, this investigation programmes is based on technology
transformation in order to determine its benefits (Schwalbe, 2015).
Philosophy:- Two different kinds of philosophy which are falls under this are
interpretive that is rely on human action and another one is positivism. According to this
component overall research is going to conduct for acquiring relevant information or data which
is used by organization during decision making process. In fact philosophy is mainly highlight
the corrective path towards attainment of goals.
Data accumulation:- It is very essential for gathering accurate information which
supports while gaining maximum profits. In fact, two modes are used by enterprise primary and
secondary in order to implement more impressive research. Therefore, an organization is going
to conduct questionnaire for acquiring effective review and information for further improvement
in their current products.
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Sampling:- According to this survey an association require to select data from wide
number of facts. Random sampling method is seen as a more significant mode which is utilized
by company for assessment of data.
TASK 3
Questionnaire
Q1: Is there any influence is identified due to usage of
digital technology?
a) YES
b) No
Frequency
17
3
Q2: Transformation in technology is beneficial for Apple
inc. or not?
a) YES
b) NO
Frequency
18
2
Q3: Modern equipments is having any impact on consumer
life style or not?
a) YES
b) NO
Frequency
19
1
Q4: Does an enterprise is having sufficient fund?
a)YES
b)NO
Frequency
15
5
Q5: Which method is more suitable for promotion of
innovative products?
a) Traditional
b)Modern
c) Other
Frequency
4
14
2
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INTREPRETATION:-
Theme:-1 Influence of digital technology.
Interpretation:- As per above pie diagrammatic presentation it has been analysed that
out of 20, 17 individuals who believe that emergence of digital technology have a greater
influence on organization whereas 3 of them are not agree with this statement.
Theme :-2 Benefits of transformation in technology for apple.
Interpretation:- According to this representation it is identified that out of 20
respondents, 18 of them are happy with introduction of advanced technology and thought that it
10
18
2
Yes
No
17
3
Yes
No

is beneficial for success of a company. On contrary to this 2 of them are thinking that it is not
appropriate for enterprise development.
Theme:- 3 Impact of advanced equipments on customer life style.
Interpretation:- As per above data, it has been assessed that out of 20, 19 people are
thinking that introduction of advanced technology have a greater influence on life style of entire
society as it enhance their standard of living. On the other hand, only one individual is there who
is not fully agree with this statement.
Theme:- 4 Sufficient of fund for organisation.
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19
1
Yes
No

Interpretation:- From the above pie chart it is analysed that 15 people are thinking that
company is having accurate capital whereas 5 individuals are against this.
Theme:- 5 Appropriate tools for promoting goods.
Interpretation:- In above description, 14 people are proffering modern method of
marketing whereas 4 are going with traditional approach and rest 2 of them are thinking for
some other technique for promotions.
12
15
5
Yes
No
4
14
2
Traditional
Modern
Other

P6 Recommendation
Apple inc is considered as one of the biggest brand in today period. Since they are
conveying item as indicated by the request of clients. It made them more alluring to experience
relative innovation. It has been discovered that latest changes are been made by organization as
per need of youthful age (Silverman, 2016). As, they are more refreshed with the current
innovation. The greater part of the circumstances they use to spend on web in return of their data
from goal to another by utilizing social locales. For this reason, culminate well being and
securities can be given to their information. Mechanical change has made accessible this things
conceivable in more powerful way. It is essential duty of directors to choose right strategy which
can give more dependable outcomes. They have to take after right approaches and measures that
can reflect best results for the organization. Thus, such sort of offices are giving right chances to
administrators to keep most extreme data at one place. By utilizing digitalisation mode
organization need to give adequate measure of consideration on their method of dissemination
channel (Burrows, 2017).
TASK 4
P7 Covered in PPT
CONCLUSION
From the above assignment it has been concluded that it is not easy to handle or manage
a large successful business project because it consist of number of factors which is difficult to
understand. This report shows an appropriate plan or structure of management as well as need of
transformation of technology in today's running world because entire society is going towards
advanced equipments and love to adopt new trends. Along with this it also explains that work
breakdown structure plays a very eminent role in completing task in an efficient manner by
accumulating accurate information or data in order to attain set objectives or goals in a defined
time period.
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REFERENCES
Books and Journals
Bell, J., 2014. Doing Your Research Project: A guide for first-time researchers. McGraw-Hill
Education (UK).
Bennett, G.J., Western Digital Technologies, Inc., 2014. Analog-to-digital converter with input
voltage biasing DC level of resonant oscillator. U.S. Patent 8,711,027.
Brown, A., 2013. Managing challenges in sustaining business excellence.International Journal
of Quality & Reliability Management.30(4). pp.461-475.
Cleary, M., Horsfall, J. and Hayter, M., 2014. Data collection and sampling in qualitative
research: does size matter?. Journal of advanced nursing. 70(3). pp.473-475.
Crane, A. and Kazmi, B.A., 2010. Business and children: Mapping impacts, managing
responsibilities.Journal of Business Ethics.91(4).pp.567-586.
De Visscher, F.M., 2016. Financing transitions: Managing capital and liquidity in the family
business. Springer.
den Hertog, P., van der Aa, W. and de Jong, M.W., 2010. Capabilities for managing service
innovation: towards a conceptual framework.Journal of Service Management.21(4),
pp.490-514.
Gharajedaghi, J., 2011. Systems thinking: Managing chaos and complexity: A platform for
designing business architecture. Elsevier.
Law, C.C., Chen, C.C. and Wu, B.J., 2010. Managing the full ERP life-cycle: Considerations of
maintenance and support requirements and IT governance practice as integral elements
of the formula for successful ERP adoption. Computers in Industry. 61(3). pp.297-308.
Riedl, R., Davis, F. D. and Hevner, A. R., 2014. Towards a NeuroIS research methodology:
intensifying the discussion on methods, tools, and measurement. Journal of the
Association for Information Systems. 15(10). p.I.
Schwalbe, K., 2015. Information technology project management. Cengage Learning.Lutchen,
M.D., 2011. Managing IT as a business: a survival guide for CEOs. John Wiley &
Sons.
Silverman, D. ed., 2016. Qualitative research. Sage.
Online
Burrows, 2017. [Online]. Available through<https://www.visual-paradigm.com/tour/project-
management/breakdown-structure-for-project-management.jsp>. [Accessed on 20th
November, 2017]
Introducing Research Methods. 2017. [Online]. Available through
<https://www.skillsyouneed.com/learn/research-methods.html>. [Accessed on 24th
August 2017].
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