Strategies and Innovation in Managing a Successful Business Project

This report explores the key elements of managing a successful business project, emphasizing the role of technology and innovation in organizational success. It highlights the importance of aligning project objectives with business strategies and outlines essential project components such as cost, scope, time, quality, risk, and resources. The research methodology incorporates both qualitative analysis of journals and articles, and quantitative analysis using questionnaires to gather data and ensure accuracy. The report concludes by evaluating the impact of technological disruptions, particularly big data analytics, on industries like the Car industry in the United Kingdom. References to academic sources and real-world examples support the analysis, providing a comprehensive overview of project management strategies.

Managing a
Successful
business
project

Introduction
• Technology plays a significant role in the
organization
• Different organisation uses the technology to
improve their quality in their management
operations.
• Innovation can be defined as a device and
method and can be regarded as the applications
of better solutions to meet the requirements of
customers in market.

Aims
• The basic purpose of the project is to achieve the
desired objectives of the group and individual
person with most effective manner.
• To achieve the basic targets the company has to
follow the policies and plans.
• The main aim of the project is to evaluate the
several ways in which strategies and actions of
the business

Objective
• The objective of the project is to include each
area and implement the future plans.
• It must be very specific and clear which describes
what have to be achieved.
• The main objective of the Mercedes Benz is to
earn highest profit.

Project Essentials
• Cost
• Scope
• Time quality
• Risk
• Resources

Research methodology
Qualitative
• Journals
• Articles
• Books
Quantitative
• Questionnaires
• Numerical sets

Qualitative Research
• This type of data is related to the study of various
theories.
• In this research several reviews and peer reviews
journals are analysed in order to get the
information for better completion of project.
• It has been noted that in qualitative data there
can be more chance of repetition of information
and knowledge and to make more unique.

Quantitative Research
• It is determined that in this research data are free
from any type of duplication and outcome
received from the method of questionnaire.
• This numerical form helped at large to author in
maintaining the data accuracy.
• It is also evaluated that in this part of research
the respondent preferences are covered and
selected as per the random sampling method.

Conclusion
• It is concluded that several new technological
disruptions raise certain changes in the Car
industries of the United Kingdom.
• In this report such changes are evaluated by
taking the concern of all competitive industries of
country.
• The technological disruption has been studied by
taking the example of big data analytics

References
• Crawford, J.K., 2014. Project management maturity model. CRC
Press.
• Financial Times, 2017, Definition of the Management process.
[Online] Financial Times. Available at:
http://lexicon.ft.com/Term?term=management-processes
[Accessed on: 15 March December 2018].
• Key differences,2016. Difference Between Qualitative and
Quantitative Research. [Online] Key differences. Available at:
https://keydifferences.com/wp-content/uploads/2016/04/qualitati
ve-vs-quantitative-research1.jpg
[Accessed on: 17 March 2018].
• Marshall, C. and Rossman, G.B., 2014. Designing qualitative
research. Sage
• Polonsky, M.J. and Waller, D.S., 2014. Designing and managing a
research project: A business student's guide. Sage publications.