Assessing Digital Tech's Impact on ENGEO's Sales and Profitability

Verified

Added on  2020/06/06

|27
|6344
|122
Report
AI Summary
This report is a comprehensive analysis of the impact of digital technologies, particularly social media, on the sales and profitability of ENGEO, an engineering consultancy. It begins with an introduction that outlines the context of digital transformation in business and then defines the project's aims and objectives, including the research questions. The report details the project management plan, including the scope, cost control, quality control, communication, risk management, and time management. It also includes a Gantt chart and work breakdown structure. The research methodology involves small-scale research to assess the accuracy and reliability of different research methods. The analysis section presents the research data and provides recommendations based on the findings. Finally, the report reflects on the project outcomes, decision-making process, and the value of project management and quality research, concluding with a reflection on the project outcomes and recommendations for ENGEO. The report highlights the importance of digital tools for business growth and innovation, and provides insights into how companies like ENGEO can optimize their use of technology to achieve their goals.
tabler-icon-diamond-filled.svg

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Managing A Successful
Business Project
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
TABLE OF CONTENTS
TITLE: ............................................................................................................................................3
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................4
Project Aims and Objectives..................................................................................................4
Project Management Plan.......................................................................................................6
Gantt Chart and Work Breakdown Structure.........................................................................9
M1Produce a comprehensive project management plan, milestone schedule and project
schedule for monitoring and completing the aims and objectives of the project.................11
TASK 2..........................................................................................................................................12
Small scale research.............................................................................................................12
M2 Accuracy and reliability of different research methods.................................................15
D1Project management process...........................................................................................15
TASK 3..........................................................................................................................................15
Research data and analysis...................................................................................................15
Recommendation..................................................................................................................22
M3 Evaluate selection of appropriate tools and techniques for accuracy and authenticity..22
TASK 4..........................................................................................................................................23
Reflection Report..................................................................................................................23
M4 Value of project management process and use of quality research...............................23
D2 Evaluate and reflect on the project outcomes, the decision making process and changes or
developments of the initial project management plan..........................................................24
CONCLUSION..............................................................................................................................25
REFERENCES..............................................................................................................................26
Document Page
TITLE:
To analyse the importance of digital technologies especially social media tools in
developing the sales and profitability of firm. A case study of ENGEO.
INTRODUCTION
Digital technology has modification the ways a business organisation conducts their
operations. In the recent market, activities of business have been drastically transformed and
traditional models of business. Social media is determined as the most essential element of
digitalisation as it is effective in promoting organisational products and services within the
global market. This has supported an organisation with wealth of opportunities to develop and
evolve within the market. This has influenced numerous business activities such as
communication, management, production, distribution and storage leading to enhanced diverse
portfolio of products (Awais Ahmad Tipu and Manzoor Arain, 2011). The assignment focus over
transformation of business operations of ENGEO which is a engineering consultant aid in the
plan of colleagues in professional and personal goals from buying to careers. To accomplish this
purpose, this report will determine aims and goals, developing whole project management plan
in order to reach systematic final outcome of whole procedure. It will produce a proper
breakdown structure and prepare a Gantt Chart for timely complete the entire research report. In
the end, it will conclude it supporting the answer with appropriate recommendations.
3
Document Page
TASK 1
Project Aims and Objectives
Digitalisation has supported small businesses a more required boost while competing in
huge market against the strong or large competitors. There are various social media tools and
techniques that are serving small enterprises development increasing their marketplace situation.
Social media is consisting to be the most essential source of digitalisation which helps the firm in
developing the operations at wide scale through grabbing the attention of more and more
customers. ENGEO operates those techniques and technologies that have wide reach and can
synchronise business functions in more modified way (Basu, 2014). It creates opportunities for
owner of business to build the operation utilising the better and effective available technologies
for their enterprise. It is fundamental for enterprise to conduct a research project that should
involve authentic goals and targets of company along with improving their market position. As
small business enterprises like ENGEO faces numerous issues linked with financial resources
and other limitations that restraint their growth. After the disruption of digital technologies such
as social media in the operations, administration, HR and accounting that has helped in meeting
their outcome. Social media tools in present scenario are rendering various development
opportunities to business including innovation and increasing competitive market position
(Lessons on Technology and Growth from Small-Business Leader, 2013). ENGEO is a successful
firm but this is required for company to optimise and understand the major benefits of using
digital technologies in order to achieve their purpose and objectives.
Topic: To analyse the importance of digital technologies especially social media tools
in developing the sales and profitability of firm: A case study of ENGEO.”
Project Background: Digital Transformation is nowadays a trending word used
frequently in the business sector. This is still in riddle what the term digital transformation refer
to even after the constant adoption of the technology by various business organisation. The use
of digital technologies is improving the performance, agility and productivity. The workplace has
drastically changed significantly from last few decades due to automation in the existing
procedures or structures. Entire process of disruption now only change functioning methods of
operation such as management, HR etc. but increase sales, assist in creative marketing and
branding of company etc. ENGEO has been enlisted as emerging best UK small business
4
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
enterprises which serve services of consultancy linked with engineering students or jobs (Harish
and Kumar, 2014). For investigating, engineering the projects of enterprise, the company need
more advanced and qualified equipment such as geotechnical instruments that can render
company support in achieving the requirements of company along with monitoring provided
services as well. This project report helps in providing various targets through assistance of
digital technologies along with organisational performance among workers (Porwal and Hewage,
2013).
Aims: Enterprise has focused in the research report is To ascertain the use of digital
technology to improve sales of ENGEO with the help of social media.”
Objectives: Here are mentioned set objectives in context of aim of ENGEO i.e. discussed
as below:
To analyse requirements of social media in improving sales and profits of ENGEO.
To understand role of marketing tools in. of ENGEO. To assess effect of digitalisation in growth and innovation of ENGEO.
Research Question:
What are the requirements of social media in improving sales and profits of ENGEO.?
What are the role of marketing tools in increasing the sales and profitability of firm?
How digitalisation affects in growth and innovation of ENGEO?
5
Document Page
Project Management Plan
Project management plan can be defined as the formal agreed documents that explains
the monitoring, controlling and execution of projects in summarised way. This consist of
subsidiary plan of management, baselines and other designs of activities that will be undertaken
for completing the research project. The whole procedure assists in managing the entire activities
including work scope, constraints of projects, costs, time management, communication and many
other elements that are required for completion of an assignment. Market research and
investigation of different elements linked with the research assignment is required for meeting
organised and authentic research outcome. Therefore, this is mandatory for a researcher to
organise a proper plan of project including the undermentioned elements:
1. Scope of project: Fundamentally, the work resources that is necessary for the research
report are major elements that shapes the scope of a project. It is fundamental to
investigate scope of the research project accurately for achieving the successful outcome
of research assignment. Social media tools have been supporting the business activities of
ENGEO through helping in sales and services along with marketing, management, HR
activities and many others. This emphasise the overall result of company maximising
benefits of operated activities of company leading to large consumer numbers to firm.
Hence, it can be claimed that this project is high. Scope of social media is increasing and
it helps to perform business operations in better way. Marketing gets easy with the help
of social media such as use of Facebook, Instagram pages, etc. Cost Control: It is one of fundamental component which is require to undertake while
developing a project management plan. Controlling and managing the cost of
accumulated activities or practices is required to reduce the risk of over-costing as
company has limited financial resources. Social media tools can assist a company in
rendering required changes. ENGEO need to manage a proper financial budgets
undertaking all activities from disruption to evaluation of digital technology influence
within the company. ENGEO has determined 5000Euros budget for investigating
everyday activity routines for business. The whole procedure can help in avoiding extra
expenses while implementing the digital disruption and transformation in the activities of
firm. Cost gets reduced with the help of digitalisation. Managers of ENGEO can
6
Document Page
communicate to numerous people with help of social media and it helps to convey
information frequently. So there are possibilities of less cost. Quality Control: While conducting a research project, there are various deliverables for
quality of organisation products and service that is need achieve by a company. Effective
develop and employee support level of company can be met by a company through using
better quality of technologies within their company. ENGEO company handle
engineering projects that can be facilitated by the advanced technologies like Social
media tools. Such practices of worker and employee of the company entirely depend on
market researcher and demands of consumer. It is significant from ENGEO to gather
certain facts and data linked with technologies and research over its impact in order to
achieve their aimed target. Thus, through managing their work quality and proper
research, ENGEO can sustain and grow in competitive business industry. Quality with
the help of digitalisation gets improved. As ENGEO operates in provide services in
engineering projects, so best quality services can be provided. Communication: Communication is as important as other activities of business whether
it is related to interaction of internal working environment or external factors. There are
various methods of communication in which social media is an important source that
ENGEO can opt for different purposes in order to manage proper interaction. Also,
enterprise can use digital media and technologies for communicating to their services
users and general public. This is also required to create a balanced interaction among the
members of team for reaching to outcome of implemented hypothesis. An investigator
can utilise both formal and informal communication to carry out essential and required
factors to create an authentic successful business project. Social media is the best way to
communicate within organisation as well as outside organisation. There are various
departments in ENGEO such as HR, accounting marketing, etc. They work to achieve
common targets, so it is easy to work according to demand of market. Risk management: It can be considering as paramount components of while process of
project management plan. This design and develop a risk assessment of probable
constraints or hazards that can limit growth of an organisation. Social media tools may
have rendered various benefits and ease in working processes or structure of company but
it has restrained own working skills along with causing various challenges to business.
7
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Through this, ENGEO can reduce the amount of risk that is faced by the respected
organisation along with influencing the whole process positively. While developing a
research project, there can be numerous risk identified by researcher such as lack of
administration, resources or over-costing etc. While using social media it is essential to
control risk. There are possibilities of data stolen from unknown sources and this creates
dissatisfaction among customers.
Time Management: Time structure or framing is needed to analyse for achieving the
desired result. In order to control spend time in some certain activities, this is required to
design a plan and exercise activities in efficient manner that increase the productivity,
efficiency and effectiveness of ENGEO. Managed time assist in completion of project on
time, help in meeting required modification in whole procedure along with framing
activities on the basis of their priorities to attempt. It is required for balancing the use of
time frames in better manner assisting firm in modifying and identifying issues emerged
within the company related to digital technology. The whole assignment will undertake
more than 1 months in achieving. ENGEO has various clients having different problems
with the help of social media, it is easy to convey message to customers. Social media is
accessible 24*7. So this is time saving technique.
8
Document Page
Gantt Chart and Work Breakdown Structure
Gantt Chart-
Gantt chart is one of the essential component which helps to perform operations in
effective and efficient way. This chart helps to completed task on determined date. Managers of
ENGEO can analyse whether activities are performed according to set targets or not.
9
Document Page
Work breakdown structure-
Work Breakdown structure refer to the agreed structure which is deliverable-focused
breakdown of entire activities or research projects into smaller elements. This is a useful practice
10
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
that help in achieving the set target within determined time period. This structure helps to
distribute work in various departments and hence there is no confusion related activities and
there is no overlapping of activities.
M1Produce a comprehensive project management plan, milestone schedule and project schedule
for monitoring and completing the aims and objectives of the project
Project management plan is one of the essential component which helps to perform
research activities in appropriate way, as there are possibilities of making changes in working
style through which research can be done on time. There are mentioned some of those phases of
research projects that has undertaken in the presented report: Aims and objectives: It is one of fundamental step of research that is needed to attempt
within the company. Aims and objectives determination procedure take approximate 5
days minimum to a researcher. Plan Management: It can be considered as another development phase in the action plan
according which the research analyst measures different components of the whole scope
along with elements of risk, scope, quality, communication, time management etc. The
whole process take approx. 5 days. Primary & Secondary Research: It can be observed from the present market situation
whether the implemented strategies or technologies are effective for small business
growth or not. Through the help of secondary and primary data accumulation previous
finding accumulation and new factual outcome can be gathered within a company.
Market analysis and evaluation of different factors is important for conducting numerous
activities of company. On the another side, secondary data consumes less time than
primary information accumulation that is initially a complicated and hectic process. This
devour more than 15 days to reach its target. Evaluation and Data interpretation: The interpretation and analysis process is not as
hectic as the accumulation process. Data can be presented in several methods such as
charts, graphical style, presentation format etc. conducting the whole process in more
organised and defined manner. This process takes at-least 3 or more than 3 days. Recommendation: For the business project, it is fundamental to present researcher's
opinion and suggestion while concluding entire accumulated information. Carrying out
11
Document Page
outcome of digital technology and its influence on the whole process can help ENGEO
the activities through which targeted outcome can be attained. Hence, the process will
take at-least 2 days.
Self-reflection: After the completion of assignment, the individual perspective of
investigator is presented that they have experienced while developing the research
project. This will undertake approximate 3 days to complete including strengths,
weakness, opportunities and limitation of the whole project.
TASK 2
Small scale research
This is fundamental to opt effective tools and techniques of research for research in order
to meet effective results by following systematic process of research report in effective manner.
Here are described some of the major elements of data accumulation strategies that can be used
for developing the above mentioned project of ENGEO: Qualitative Research: According to its name, qualitative methods of research is a
descriptive property with organised social sciences and human studies i.e. optimise to
evaluate the perception or opinion of consumer. This is an exploratory researcher which
is comprehensive where information is gathered along with pictures, words, objects and
many other elements (Demystifying the 5 Phases of Project Management. 2015). A
subjective technique is undertaken to improve a proper understanding the issue of
research. In this, hypothesis of project is created which result in new techniques and
concept generation for a procedure i.e. in implementing stage. For example, qualitative
research can be considered as ethnography, grounded theory or case study etc. In this
project, research will use the qualitative research methods for achieving negative and
positive influence of digital technologies on different operations of ENGEO. Quantitative Research: Quantitative research is more scientific methods which uses
logical, statistical and mathematical method which generates either numerical data or
other research facts. Despite developing a research hypothesis, this type of research is
being experimented initially after which this is evaluated into different variables. Every
accumulated data is measurable in order to provide a factual conclusion to the research
project. As the number of feedback responder are determined, there are precise and
12
Document Page
certain outcome that can be gained from specific technique. In this, analysts must possess
their skills and knowledge expertise as it can influence the whole outcome in more
negative manner. This accompany various data collection tools such as questionnaire,
survey, observation etc. In order to maintain those facts and statics along with analysis
impact, firm can achieve their set result in more organised and effective style.
Primary Research: Techniques used in primary data gathering can be defined as first-
hand evidence and data associated with the person, event, art, object or work. It involves
historical and legal documents, outcome of evaluation, audio, video, pieces of creativity
and many other elements (Leach, 2014). Numerous tools are optimised for this purpose
i.e. interview, observation, survey, questionnaire etc. This is more time consuming and
complex process but it helps in accumulating certain subjects and topics in better way.
Secondary Research: It can be defined as summarised, discussed, analysed, interpreted,
or described sources of primary information. This research type need to utilise already
utilised report or research that is available for use of public. It evaluates the data from
different resources including survey, internet, diary, books, video and audio tapes,
magazines etc. As it is less time consuming and complex procedure, researcher mostly
use this approach to support their answer or fact while working.
In this research report, both quantitative and qualitative methods of research would be optimised
for considering the digital technologies impact and provided ease in functioning different
operations of business organisation. The assignment will present authentic data and facts in order
to support their answer. The researcher will opt the questionnaire method as a tool of data
collection that has been discussed in the report.
QUESTIONNAIRE
Name:
Age:
Q.1. How social media are influencing the business activities of ENGEO?
a) Negative
b) Positive
Q.2. In what activities of ENGEO, social media is affecting their organisation in positive way?
a) HR
13
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
b) Management
c) Marketing
d) Accounting
Q.3. Does social media are supporting the long term organisational benefits to the company?
a) Yes
b) No
Q.4. Is digitalisation also assisting growth and innovation along with supporting business
activities?
a) Yes
b) No
Q.5. Does the digital disruption has catered revolutionary changes in growth of ECGEO?
a) Yes
b) No
Q.6. What are the probable risk that can emerge while being more digitalised in context of
operating functions?
a) Risk of data hacking and leveraging
b) Cyber crime
Q.7. How have the business operations affected after the period of social media?
a) Positive
b) Negative
c) Neutral
Q.8. What are the probable advanced technologies that company can use for further
improvement and benefits?
a) Artificial Intelligence
b) Cloud technology
Q.9 Recommend the techniques that can be used for further organisational development that
can be used by ENGEO.
Ethical consideration- There is some ethical consideration on which data is present. As
there are possibilities of changes in results, so researcher may get confused and this affects main
motive of research.
14
Document Page
Basic consideration background- Research is conducted behind some motive. After
selecting approach, it is essential to select techniques which has relevant role and responsibilities
of researcher.
Data is collected with the help of primary data. As managers of ENGEO is thinking to
work with digital technology, so this is effective for organisational growth and development.
This method provides appropriate way through which they can make strategies according to
research requirement and alterations can be made effectively.
M2 Accuracy and reliability of different research methods
As per discussion, there are different sources of selecting data. So researcher must
analyse changes and accept sources which are significant for growth of organisation. Primary
data is best method to collect relevant information which are effective for achieving targets. As
per difference in mind set of researcher there are possibilities of difference in interpretation also.
D1Project management process
Project management plan is effective for planning, execution and controlling of actions.
As there is requirement of some changes which helps to perform research in pre- determined
time. As there is requirement of various resources which provide assistance in performing project
work. So it is essential to select best resources which are effective for time as well cost.
TASK 3
Research data and analysis
In order to evaluate proper research report, researcher need to optimise entire
technologies and research methodologies in appropriate manner. In this report, investigator is
using random sampling methods for providing each and every individual equal opportunity to be
selected or represented. Undertaking more than 20 responders, review of whole report has been
conducted in organised way. Here are explained the interpretation of data:
INTERPRETATION
Theme 1: Digital technologies influence business positively
Q.1. How social media are influencing the
business activities of ENGEO?
Frequency
a) Negative 5
15
Document Page
b) positive 15
Interpretation: From the above graph, it can have said that most of the audiences are in
support of above statement which is representing that modern day tools are effecting several
actions associated with commerce. It shows that digital techniques of ENGEO are impacting
businesses in positive manners mostly as 15 viewers are in support of this. Whereas 5 people are
against this and stating that there are also some adverse effects of this such as it increases the rate
of competition.
Theme 2: Social media support HR, marketing, accounting etc.
Q.2. In what activities of ENGEO, social
media is affecting their organisation in positive
way?
Frequency
a) Human resource department 5
b) Production department 10
c) Accounting 5
16
a) Negative b) positive
0
2
4
6
8
10
12
14
16
5
15
Frequency
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Human resource department
Production department
Accounting
0
2
4
6
8
10
12
5
10
5 Column G
Interpretation: Above graphical structures represents that there is need of Social media
in different departments of an organisation and also are being influenced in positive manner that
is Human resource, production and accounting. 5 respondents are saying that HR division should
be effected optimistically. Whereas 10 individuals are stating that department of production is
being impacted more. At the same time, 5 people are voted for accounting sections for the same.
Theme 3: Social media cater long term benefits
Q.3. Does Social media are supporting the
long term organisational benefits to the
company?
Frequency
a) Yes 15
b) No 5
Yes No
0
2
4
6
8
10
12
14
16 15
5 Column G
17
Document Page
Interpretation: This graph is showing that Social media are contributing for attaining the
longer term advantageous of venture since if company will use modern technologies then
productivity as well as profitability ranges would be increased in drastic manner. 15 people are in
support of this statement. On the other hand, 5 respondents are not supporting the similar.
Theme 4: Social media support growth & innovation
Q.4. Is digitalisation also assisting growth and
innovation along with supporting business
activities?
a) Yes 12
b) No 8
Interpretation: From the above presented graph, it can be stated that there 12 out of 20
responder believes that digital technology lead to growth of ENGEO along with helping in their
service and product innovation within the company. There are various methods that digital
technologies have referred for achieving their measured target and target consumer. After
analysing this data, it can be claimed that 8 of them were still disagree with the fact that
innovation and growth of company has been influenced by any kind of digitalisation.
Theme 5: Digitalisation has carried out revolutionary changes in business
18
a) Yes b) No
0
2
4
6
8
10
12
12
8
Series1
Document Page
Q.5. Does the digital disruption has catered
revolutionary changes in growth of ENGEO?
a) Yes 14
b) No 6
Interpretation: Above graph states that out of 20, 14 responders are those who are
agreeing with the fact that after digital disruption, company has gained more positive changes
and revolutionary modification in their technologies along with techniques of serving services.
There were approx. 6 individuals who were disagree with this fact considering the statement that
ENGEO has seen no drastic changes even after the digital transformation. There are both
statements, but according to the majority, company has been supported from digitalisation in the
commercial sector.
Theme 6: Social media contains certain limitations
Q.6. What are the probable risk that can
emerge while being more digitalised in context
of operating functions?
a) Risk of data hacking and leveraging 12
19
a) Yes b) No
0
2
4
6
8
10
12
14
14
6 Series1
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
b) Cyber crime 8
Interpretation: As per the above data, it can claim that out of 20 responders, 12 taste has
claimed that there are various issues faced by ENGEO such as risk of data leveraging and
hacking of information that can restraint their growth and development of company. 8 of them
stated that there are more cybercrimes which has faced by company while adopting digital
technologies within the company.
Theme 7: Business has been supported by Social media
Q.7. How have the business operations
affected after the period of Social media?
a) Positive 10
b) Negative 5
c) Neutral 5
20
a) Risk of data hacking and leveraging
b) Cyber crime
0 2 4 6 8 10 12
12
8
Series1
Document Page
Interpretation: According to the above graph, it can be stated that most of the responder
has observed more positive impact within the company after the digitalisation. 10 of the
respondents has stated that there are more advancement and growth after including digital
technologies within the company. Where 5 of them stated that there is more negative influence
along with 5 taste which has presented neutral views in regard of business operations.
Theme 8: Social media keep varying
Q.8. What are the probable Social media that
company can use for further improvement and
benefits?
a) Artificial Intelligence 10
b) Cloud technology 10
21
10
5
5
a) Positive
b) Negative
c) Neutral
Document Page
Interpretation: Social media has wider technologies and scope which keep changing and
advancing each and every day. 10 of responder believes that AI is one of most efficient
technology that company can adopt for facilitating their business activities. Where on the other
hand, 10 of them suggested adoption of cloud technologies in organisational system can ease the
work and enhance the efficiency of operations of business.
Recommendation
Digital technologies have carried out various changes that has drastically altered the way
of working and functioning business activities. Employee has evaluated several ways by which
organisation can achieve their target. As ENGEO has been working from decades in the industry
which still is considered as small business organisations. The company can use artificial
intelligence and other advanced technologies while functioning or engineering their projects that
can help them in achieving their success along with increasing their services sales. Also this is
essential for company to promote their organisation and its achievement in market. Through the
help of modern media and digital technologies, company can emphasise their position within the
competitive market. The scope of evolution is very high in presence of digitalised structure.
Thus, company need to initially promote their brand and use proper marketing techniques
through opting modern marketing activities for achieving a reputed position within the market.
There is positive impact on sales and profits of ENGEO. Marketing department is one of
the important unit which can easily perform their operations. As per above data it is clear that
long term benefits can be achieve with the help of social media as it helps to compete with other
22
a) Artificial Intelligence b) Cloud technology
0
2
4
6
8
10
10 10
Series1
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
units. But there are possibilities of cybercrime which affects image of ENGEO. Cloud computing
is one of the essential best advantage for ENGEO for using digital technology.
M3 Evaluate selection of appropriate tools and techniques for accuracy and authenticity
As there are different sources to work in effective way but manager has to select
technique which are relevant and affects roles and responsibilities. Data selection, collection,
sampling, etc. are techniques which help research work in more authentic way. There is
requirement of some samples out of total population which provides basis of decision making.
23
Document Page
TASK 4
Reflection Report
A research report development undertakes the whole optimised activities in more
organised and systematic manner to achieve more authentic and relevant outcome. I have learned
various theoretical and practical aspects from the respected report that has lead me to a level of
professionals. I have learned how digital technologies are helpful and are changing the way of
working within the entire commercial sector. These activities have helped the mentioned
company that has helped in achieving the development level of company. This can be claimed
that digital technologies have assist in developing digital technologies. After the disruption of
such technologies in the various sector of business.
Despite the entire theoretical part that this research report has taught me, I now knew how
to present the analysed data and carry-out an authentic research report in proper manner. In order
to meet the factual outcome, one need to systematically go through the whole research process. I
understand that there are various types of data that can help in analysing the whole report in
effective manner. I am able to prepare a proper Gantt Chart, analysing, accumulation and
interpretation of primary information along with preparing a proper breakdown structure of
research. I have faced various issues associated with research report i.e. time, cost and other
research elements. In order to avoid them, I have managed a proper project management plan
that has helped in managing time according to the respected report. Also I have learned how to
conduct a systematic and managing a successful business project by my own in more systematic
manner.
M4 Value of project management process and use of quality research
There is important role of managing project by managers so positive results can be
achieved. As per change in market trends, manager has to alter working style so project has to be
performed in pre- determined way. Quality of research is effective for making changes which are
significant for getting positive results. There are possibilities of negative results which affects
research activities.
24
Document Page
D2 Evaluate and reflect on the project outcomes, the decision making process and changes or
developments of the initial project management plan
In research there are various activities so there is requirement of proper planning which
helps to perform research appropriately. Manager has to take decision quickly, so activities can
be done according to requirement. Alterations in working style has to be informed to employees
so they can work accordingly.
25
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
CONCLUSION
This can be summarising from above mentioned project that digitalisation has supported
small businesses a more required boost while competing in huge market against the strong or
large competitors. Digitalisation in present scenario are rendering various development
opportunities to business including innovation and increasing competitive market position. The
use of digital technologies is improving the performance, agility and productivity. Digital
technologies have carried out various changes that has drastically altered the way of working and
functioning business activities. Employee has evaluated several ways by which organisation can
achieve their target. For investigating, engineering the projects of enterprise, the company need
more advanced and qualified equipment’s such as geotechnical instruments that can render
company support in achieving the requirements of company along with monitoring provided
services as well.
26
Document Page
REFERENCES
Books & journals
Awais Ahmad Tipu, S. and Manzoor Arain, F., 2011. Managing success factors in
entrepreneurial ventures: a behavioral approach. International Journal of
Entrepreneurial Behavior & Research. 17(5). pp.534-560.
Bakker, R. M. and et. al., 2011. Managing the project learning paradox: A set-theoretic approach
toward project knowledge transfer. International journal of project management. 29(5).
pp.494-503.
Basu, R., 2014. Managing quality in projects: An empirical study. International journal of
project management. 32(1). pp.178-187.
Geraldi, J. and Lechter, T., 2012. Gantt charts revisited: A critical analysis of its roots and
implications to the management of projects today. International Journal of Managing
Projects in Business. 5(4). pp.578-594.
Hall, T. J., 2011. The triple bottom line: what is it and how does it work?. Indiana business
review. 86(1). p.4.
Harish, V. S. K. V. and Kumar, A., 2014. Demand side management in India: action plan,
policies and regulations. Renewable and Sustainable Energy Reviews. 33. pp.613-624.
Hwang, B. G. and Ng, W. J., 2013. Project management knowledge and skills for green
construction: Overcoming challenges. International Journal of Project Management.
31(2). pp.272-284.
Kowalkowski, C., Kindström, D. and Brehmer, P. O., 2011. Managing industrial service
offerings in global business markets. Journal of Business & Industrial Marketing. 26(3).
pp.181-192.
Leach, L. P., 2014. Critical chain project management. Artech House.
Marston, S. and et. al., 2011. Cloud computing—The business perspective. Decision support
systems. 51(1). pp.176-189.
Porwal, A. and Hewage, K. N., 2013. Building Information Modeling (BIM) partnering
framework for public construction projects. Automation in Construction. 31. pp.204-
214.
Ryan, L. and Campbell, N., 2012. Spreading the net: the multiple benefits of energy efficiency
improvements.
Sharon, A. and Dori, D., 2015. A Project–product model–based approach to planning work
breakdown structures of complex system projects. IEEE Systems Journal. 9(2). pp.366-
376.
27
chevron_up_icon
1 out of 27
circle_padding
hide_on_mobile
zoom_out_icon
logo.png

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]