Report: Managing a Successful Business Project - Ensoft Case Study

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This report provides a comprehensive analysis of managing a successful business project, using Ensoft, a UK-based software firm, as a case study. The report begins with a definition of the project and a problem statement, followed by a literature review exploring the impact of digital technology on business operations. It outlines the project strategy, objectives, deliverables, and scope, including performance, cost, and time objectives. An implementation plan, work breakdown structure, and Gantt chart are included to illustrate the project's timeline and processes. The research also incorporates a small-scale research process, data analysis using effective tools and techniques, and concludes with recommendations and a reflection on the research process. The report evaluates the importance of project management and research quality, and reflects on project outcomes on decision making and development of initial project on the organization.
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Managing a Successful
Business Project
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Table of Contents
PART 1............................................................................................................................................1
Definition....................................................................................................................................1
Problem Statement......................................................................................................................1
Project Strategy...........................................................................................................................2
Project Objectives.......................................................................................................................2
Performance, Cost, and Time Objectives...............................................................................3
Deliverables.................................................................................................................................3
Project Scope Statement..............................................................................................................4
Success Criteria...........................................................................................................................4
Project Assumptions....................................................................................................................4
Implementation Plan........................................................................................................................5
Work Breakdown Structure.........................................................................................................5
Schedule (Gantt Chart)................................................................................................................6
Project Processes..............................................................................................................................6
Communication Plan Managing a Successful Business Project.................................................7
Part 2................................................................................................................................................8
Small-scale research process.......................................................................................................8
PART 3............................................................................................................................................9
Proper data analysis using effective tools and techniques .........................................................9
RECOMMENDATION............................................................................................................19
Reflection..................................................................................................................................19
M3 Evaluation of research tools and techniques that are been taken in for accuracy and
authenticity to support and justify the recommendations.........................................................21
M4 Evaluation of importance of project management and quality of research meet to support
better learning and performance................................................................................................21
D2 Evaluate and reflect project outcome on decision making and development of initial
project on the organisation........................................................................................................22
CONCLUSION..............................................................................................................................22
REFERENCES..............................................................................................................................23
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PART 1
Definition
Intro to sections
The advancement of technology and adoption of the latest technology will help firm to
gain a good control over various business operations that will help in better revenue generation.
Effective planning of operations supports better growth and development of an enterprise and
aids in significant rise in its clients and stakeholder’s satisfaction level. For research report, we
have taken Ensoft as cited organization. It is a UK based software firm working in IT and digital
sector. Research will include effective assessment of impact of technology on business
operations of organization and a management plan will be presented including work break down
structure and Gantt chart (Parra-Cabrera and etal., 2018). Other than this, a research will be
presented that will help in better growth and development of digital technology functions on
project aim and objectives. Proper analysis will be conducted and based on it, appropriate
recommendations will be given. Also, a reflective account will be presented on valuation of
undertaking research process and objectives.
Literature review
This is an imperative perspective that empowers to decide the diverse sort of research that are
completed by different specialists. It is sufficiently useful to create top to bottom learning about
the examination subject.
As indicated by Sako, (2012) there are distinctive kind of business exercises that are to be
done inside lodgings. In this specific situation, it incorporates getting ready necessity of clients.
According to Simmons, Palmer and Truong, (2013) distinct individuals have assorted
arrangement of inclination and it is critical for the firm to comprehend them and convey benefits
in like manner. Further, it requires to have distinctive offices like culinary specialist, workers,
secretary, and so forth who need to cooperate towards shared objective.
Davidson and Vaast, (2010) expressed that there are numerous progressions that has
occurred in connection with innovation. It requires the inn to comprehend the advantages that
they get when new innovation is utilized. It is being recognized that there are sure arrangement
of issues that are distinguished in which usage of innovation ends up troublesome. In this
specific circumstance, one of the primary issue is connected with arranging the cost that will be
brought about. Further, there are sure arrangement of aptitudes and abilities that every one of the
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laborer have (Obeidat and Abu-Shanab, 2010). Whenever new or refreshed innovation is
executed, at that point it is essential that workers are furnished with legitimate preparing so they
will have the capacity to build up their aptitudes and abilities.
There are numerous kind of business exercises that are performed inside lodgings in which there
are changes and enhancements that are made so brilliant administrations can be conveyed to
benefit clients (Andriole, 2012). At the point when there are change that are made by the
business with the goal that they can comprehend the necessity of clients and convey them
benefits according to their need and prerequisites. What's more, it is additionally distinguished
that every one of the representatives are not ready to modify with the progressions promptly thus
it required to have sound communication from the side of administration so every one of the
specialists can alter with the progressions adequately and productively.
P1 Problem Statement
Impact of digital technology is growing at a fast speed with changing environment and
companies in order to be successful need to incorporate modern technological changes (Sargent,
2018). Ensoft, being a software development company of UK, is trying to evolve with changes
in external environment but is facing a lot of issues and problems which are restraining it to
incorporate recent technological developments (Charlesworth, 2018). However, current changes
and evolving aspect of digitalization is forcing company to improve ir working through use of
digital business solutions. Thus, report will incorporate managing a business of Ensoft using
newer technology in form of digitalization.
Ensoft, being a software development company majorly serves US vendors that are
needed to bring in newer reforms in technology so as to enhance its operations (Collins and
Halverson, 2018). impact of digital technology will ease ir operations and aids in business
performance as new techniques will be easy and quick to perform. This aspect of new reform
will provide a clear description of various strategies of Ensoft which is required to be fulfilled
using digital technology so as to achieve competitive advantage and serve customers in an
efficient manner (Parra-Cabrera and etal., 2018).
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Project Strategy
The project strategy involves various key points which Ensoft needs to check so as to
implement new technology based on digitization in an appropriate manner.
It is essential to understand effect of digital technology on Ensoft and its working as well
as its importance in achieving goals in an efficient manner (Charlesworth, 2018).
Ensoft needs to undertake various strategical research in order to plan and implement
best strategy for organization.
Company needs to examine trends and development that have impacted Ensoft last year
so as to implement new digital technology that will enhance its overall performance
meeting customer expectations in a better way.
Company being a software development needs to undertake views from its customers and
check its competitor’s strategies in order to implement digital technology in an effective
manner (Collins and Halverson, 2018).
Another strategy which Ensoft needs to design is its infrastructure availability which will meet
demands in a better way (Parra-Cabrera and etal., 2018).
Project Objectives
In order to successfully implement the digital technology, Ensoft needs to design a clear
and concise statement of vision and mission (Brenner and Herrmann, 2018). After the statement
the vital task is to define the goals and objectives of the company. Ensoft needs to call a board
meeting for taking consideration from all stakeholders so as to implement the new project in an
efficient manner. Thus, approval of stakeholders is essential as they are the vital part in
accomplishing objectives of the software company (Collins and Halverson, 2018).
To achieve the project objectives, Ensoft needs to hire quality mangers and employees
which will aid in achieving targets using digital technology (Collins and Halverson, 2018). The
impact of digital technology will help mangers and employees in interconnecting with their
customers through use of social media and internet which will built stronger relationships. Such
technology will provide concrete feedback to software development team so as to correct any
deviations and plan and produce in a better way (Dasgupta and Kothari, 2018).
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Performance, Cost, and Time Objectives
The effective project management plan will involve the better planning of various
operations that are been taken in consideration by the firm. This will help in better planning and
handling of business operations. The better and effective research plan will help in suitable rise
in functionality and will support a good structural and operational effectiveness of operations.
This will help in the suitable growth and development of business operations and that will
support a good understanding and assessment of the influence laid by the digital technology on
the organizational functions (Charlesworth, 2018). The rise in the operational functionality will
help the firm to improve its market position and help cited digital enterprise to increase its
overall efficiency and effectiveness. Other than this, it will support firm to manage the different
operations like its performance, costing, and time constraints that will be considered by business
organization.
Performance: the research process will help the firm to gain a good control over the operations
that will help in suitable and significant growth in the performance of business enterprise using
digital technology. The increase in performance will help the firm to meet the requirements of its
clients and stake holders and gain a better sustainability in market.
Cost: Costing or Budget management is also a very crucial and vital aspect of en enterprise that
helps it to perform or execute its business operations in much significant and effective way. A
good utilization of digital technology will help in better financial management of company and
handling of other resources that are been optimized by a business firm. Also, it will help in
suitable management of organizations performance (Parra-Cabrera and etal., 2018).
Time objectives: Time plays a very deep impact on business operations of a business
organization. The fulfillment of allotted project or business operations will help in the better
handling of the functionalities of cited business organization. This will help in the suitable rise in
overall satisfaction level off clients and stake holders in an enterprise and support the firm to
deliver the outputs on a given time range to maintain its effectiveness.
Deliverables
Expressing the purpose or outcome in a tangible or intangible form (i.e product or
service)
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The major purpose of this research project is to have a good sustainability and
development of knowledge about influence of digital technology on various functions of an
enterprise. On execution of research process, various tangible and non tangible outcomes will be
taken in consideration that will help in better handling of a wide range of business operations.
The tangible outcomes will include high quality product and services that will help enterprise to
improve its revenue generation and gain a good position in market. non tangible benefits will
involve rise in productivity and profitability and executing business function in a stipulated
time frame.
Project Scope Statement
Describe what is included in the project and what work is excluded.
The research project will involve better handling of good range of business operations
that will help in improving its efficiency and effectiveness in a better way. While on other hand,
at external level, project will include utilization of better technology and gain a sustainability in
market. Or than this, it will help cited business organization to provide its customers with high
quality of business products that will help in suitable rise in effectiveness of business operations
of Ensoft in market (Charlesworth, 2018).
Success Criteria
Describe how you will measure success of the project.
The success criteria of this research project will be basically on two level. On primary
level gaining of proper knowledge and developing of understanding related to impact of digital
technologies on functionality of a business organization. On secondary level, adoption of proper
measures and recommendations that are been opted on basis of research process will increase
core competencies and functionality of a business activates of Ensoft.
Project Assumptions
Following are the assumptions made in developing the project plan:
A wide range of project assumption measures will be taken in consideration by researcher
or data investigator will help firm to have a better control over business activities that are been
followed by business organization. The proper assumption will include precise estimation of risk
factors, cost requirements, market conditions and ongoing trends in market (Brenner and
Herrmann, 2018).
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Implementation Plan
Intro to implementation plan
The implementation plan of business operations will help in better handling of different
business operations that supports a good management. This project plan will help the firm to
analyze impact of digital technologies on various business activities that are been performed by
Ensoft. This implementation plan will help in developing of better understanding and insight by
data investigator on a wide variety of operations and measures that are been taken in
consideration by cited enterprise. Other than this, the effective planning will help the firm to
increase its overall efficiency and provide the customers with high quality products and services
(Sargent, 2018).
Work Breakdown Structure
Project Schedule and timeframes -
Include reference to WBS document or include an image of it.
WBS Task Name Duration Start Finish Predecessors Cost
1 Identifying title of
project 2 days Mon 3/24/18 Fri 3/26/18 £0.00
2 Making problem
statement 4 days Mon 2/26/18 Thu 3/1/18 1 £250.00
3 Setting deadlines to
allocate resources 11 days Fri 3/2/18 Fri 3/16/18 2 £150.00
4 Literature review 5 days Fri 3/2/18 Thu 3/8/18 1,2 £500.00
5 Choosing techniques
for investigation 4 days Mon 3/19/18 Thu 3/22/18 3 £100.00
6 Cost calculation 5 days Fri 3/9/18 Thu 3/15/18 4 £300.00
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7 Data Interpretation
and analysis 7 days Fri 3/23/18 Mon 4/2/18 5 £475.00
8 Evaluating results
and findings 4 days Fri 3/23/18 Wed 3/28/18 4,5 £100.00
9
Presenting
conclusion and
recommendations
5 days Fri 3/16/18 Thu 3/22/18 6 £100.00
10 Documenting results 2 days Tue 4/3/18 Wed 4/4/18 7 £25.00
11 Submission of report 2.5 days Tue 4/3/18 Thu 4/5/18 6,7 £0.00
Schedule (Gantt Chart)
Include the Project schedule.
Activites wee
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Identifying title
of project
Making
problem
statement
Setting
deadlines to
allocate
resources
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Literature
review
Choosing
techniques for
investigation
Cost
calculation
Data
Interpretation
and analysis
Evaluating
results and
findings
Presenting
conclusion and
recommendatio
ns
Documenting
results
Submission of
report
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Project Processes
Intro to processes.
The project process will involve the range of actions that will be taken in consideration
that will help in effective rise in a wide range of operations. It includes various different
functions that helps in suitable rise in operational efficiency of business operations and will look
after the maintaining of a varied operation followed by trade entity (Collins and Halverson,
2018). Other than this, it will help in better evaluation of actions that are been followed in project
and will help in suitable increase of functional capability of firm. For the effective research
project, the quantitative research methodology will be followed including the usage of
questionnaire survey that will help in gaining a good idea about the impact of digital technology
on various business operations of Ensoft with the sampling size of 15 respondents. It will help in
better handling of functionalities associated with organization.
Communication Plan Managing a Successful Business Project
A communication plan is the effective description of various operations and the outcomes
that are been followed by an enterprise to have a policy driven approach and will help the firm to
increase the effectiveness and knowledge. These approach will help the firm to gain a good
control over a range of operations. Besides this, the better communication with stake holders will
help the firm to perform different sort of business actions that will help in suitable rise in
efficiency of an enterprise (Dasgupta and Kothari, 2018.).
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The effective communication plan will involve the better passing through of steps that are
been followed by an organization in research process and transmission of different information
which are vital and crucial for firm through different medium such as emails, calls, reports,
presentation etc. The associated stake holders of firms will give the feedback or outlook on the
ongoing research process through this communication channel. These approach will support in
improving the efficiency of cited enterprise.
M1. Project management plan analysis
The effective project management plan will help in better handling of wide range of
operations that will help in better monitoring and controlling of the various measures that will be
taken in consideration for better management of a business project. The effective work break
down structure that is been developed and the better planning of operations using Gantt chart
will help researcher or data investigator to keep a close check on different operations that are
been developed for better execution of business functionalities. Besides this, it will help in
suitable rise in customer satisfaction level.
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