MSB: Project Management Plan for Trunki's Digital Advancement

This report provides a comprehensive project management plan for Trunki, a UK-based manufacturing company, focusing on leveraging digital technology to enhance business performance. It outlines project aims and objectives related to digital innovation, cost reduction, and improved communication. The plan covers aspects of cost, scope, time, quality, communication, risk, and resources, supported by a work breakdown structure and Gantt chart. The report includes small-scale research using qualitative and quantitative methods to analyze data and provide recommendations for Trunki's digital transformation. The project management process and research methodologies are critically evaluated, with reflections on project outcomes and learning experiences. The document concludes by emphasizing the value of the research in meeting stated objectives and improving overall business strategy. Desklib provides similar solved assignments and past papers for students.

Managing a Successful Business
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Table of Contents
Introduction......................................................................................................................................4
Task 1...............................................................................................................................................5
P1 Devise project aims and objectives for the chosen topic as specified above in the
assignment brief...........................................................................................................................5
P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk, and resources.............................................................................................6
P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and stages
for completion..............................................................................................................................8
M1 Produce a comprehensive project management plan, milestone schedule and project
schedule for monitoring and completing the aims and objectives of the project......................10
Task 2.............................................................................................................................................12
P4 Carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives.................................................................12
M2 Evaluate the accuracy and reliability of different research method applied.......................13
D1 Critically evaluates the project management process and appropriate research
methodologies applied...............................................................................................................14
Task 3.............................................................................................................................................15
P5 Analyse research and data using appropriate tools and techniques......................................15
P6 Communicate appropriate recommendations as a result of research and data analysis to
draw valid and meaningful conclusion......................................................................................21
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M3 Evaluate the selection of appropriate tools and techniques for accuracy and authenticity to
support and justify recommendations........................................................................................22
D2 Critically evaluate and reflect on the project outcomes, the decision making process and
changes or developments in the initial project management plan to support justification of
recommendations and learning during the project.....................................................................23
Task 4.............................................................................................................................................24
P7 Reflect on the value of undertaking the research to meet stated objectives and own learning
and performance........................................................................................................................24
M4 Evaluate the value of the project management process and use of quality research to meet
stated objectives and support own learning and performance...................................................25
Conclusion.....................................................................................................................................26
References......................................................................................................................................27
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Introduction
Every business organisation can achieve high growth and success in the large marketplace with
the support of digital technology. It is very important for the company to use latest techniques
and methods to maintaining long-term stability in the competitive market. This project report is
based on Trunki which is UK based manufacturing company. This company manufacture wide
range of bags for the domestic as well as foreign customers. This report includes the several
aspects of digital technology on small business and also about the various policies and strategies
that cope up with digital technology for enhancing profitability and productivity. Apart from this,
disruption will be discussed that affect the business performance. Also will prepare Gantt chart
and action plan for identifying all the practices which are performed by the company for
enhancing profit and productivity. At the end, a method of the survey has been discussed to
collect reliable and accurate information for smooth business functions.
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Task 1
P1 Devise project aims and objectives for the chosen topic as specified above in the
assignment brief
With the help of digital technology, Trunki can implement various changes in the business
activities such as production, planning, risk, cost, project management, resources, design, time
etc. The company can easily compete with its competitors by adopting digital innovation in the
production and services. It will assist in improving the communication, production,
Administration, Storage, and Distribution. The major aim to develop project plan is to minimise
the cost and time effectively. With the help of digital innovation, the company can easily
communicate with its customers, suppliers, and stakeholders to build strong relationship bond.
By making innovative and attractive bag design Trunki can establish tough competition in the
marketplace for another brand. The company can improve the production cost and time by using
effective digital technology and advanced methods. Digital technology assists in promoting and
advertising the products and services of Trunki on a global scale to enhance the number of
customers. This will improve the production process as well as increase the profitability and
growth. Trunki implements digital technology and innovation in the planning, designing and
production process of bags that will reduce the cost and time (Wahyuni, 2012). To achieve high
profitability and productivity it is very important to provide high-quality goods and services.
Technology helps in making high-quality products at minimum cost and time.
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P2 Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk, and resources.
The project management plan for Trunki is as under-
Aspects Description
Cost By digital technology, Trunki can produce good quality product and
services at minimum cost. The operating cost will be reduced due to which
company set the minimum cost of bags to attract a huge number of
customers. Trunki can earn high revenue and sales at low cost with the help
of digital technology.
Scope The major scope of project management is to implement the digital
technology and innovation for improving the goods and services. It is
essential for management to communicate the scope of the project to all
employees so that they can attain better result and growth.
Time For achieving better outcomes it is important to implement all the changes
and innovation on right time so that company can introduce product and
service. The company can produce bag by taking minimum time through
high technology (Shalev, 2017).
Quality For satisfying needs and demand of the customer, it is highly important for
the company to produce good quality product and services. Without
making good quality product Trunki cannot attract a large number of
customers. To increase sales and revenue it is must to produce high-quality
goods in minimum time and cost by taking help of digital technology in the
production process.
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Communication The project plan should be communicated to all employees so that t
accordingly they give focus on that. To achieve a better result and high
profitability it is essential to make effective communication within the
business organisation.
Risk By making effective project management planning company can estimate
the risk factor and easily overcome with them (Nylen, 2015). This will
assist in reducing the risk factor and chance of loss. Risk should be
considered while making project management plan such as a change in
demand and preferences of customers.
Resources To attain better result and high growth company should use all the
available resource in appropriate manner without any harm and wastages.
The employee must use resources according to their roles and
responsibility for completing the project in the effective way.
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P3 Produce a work breakdown structure and a Gantt chart to provide timeframes and
stages for completion
Practices Start time End time Duration
Planning procedure 2 February 2018 5 February 2018 4 days
Required resources 6 February 2018 9 February 2018 4 days
Budget for plan 10 February 2018 14 February 2018 5 days
Required software 15 February 2018 17 February 2018 3 days
Resources Allocation 18 February 2018 20 February 2018 3 days
Cost management 21 February 2018 24 February 2018 4 days
Implementation 25 February 2018 1 March 2018 5 days
Provide training 2 March 2018 3 March 2018 2 days
Evaluation 4 March 2018 6 March 2018 3 days
Control Action 7 March 2018 10 March 2018 4 days
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Activities 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1 2 3 4 5 6 7 8 9 10
Planning procedure
Required resources
Budget for plan
Required software
Resources Allocation
Cost management
Implementation
Provide training
Evaluation
Control Action
FEBRUARY MARCH
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M1 Produce a comprehensive project management plan, milestone schedule and project
schedule for monitoring and completing the aims and objectives of the project.
Trunki produces a plan for implementing digital technology and innovations which are as under:
 Identify practices: It is the first phase in which all the activities are carried out in the
proper manner for achieving the set goals and objectives effectively. By using cloud computing
company can easily maintain a record of all data and information and also make activities for
manufacturing products and services.
 Estimate required resources and time: In the second step it is important to evaluate
required time and resources for all the activities to avoid wastages.
 Evaluate resources and relationship: For allocating task in the proper manner it is
essential to consider the relationship between effective result and work (Killen, et. al., 2012).
 Identification of schedule constraints: After identifying the relationship, all the
problems and issues are identified so that management can resolve them at right time.
 Control project: It is the last step in which management control entire project
management plan for the effective and efficient result. Proper control measures should be
adopted by the company for implement in the business.
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Activities 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1 2 3 4 5 6 7 8 9 10
Planning procedure
Required resources
Budget for plan
Required software
Resources Allocation
Cost management
Implementation
Provide training
Evaluation
Control Action
FEBRUARY MARCH
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Task 2
P4 Carry out small-scale research by applying qualitative and quantitative research
methods appropriate for meeting project aims and objectives.
It is important for Trunki Company to secure and protect its data and information by transferring
them into cloud computing. Through this company can manage project management effectively
to achieve a better result. There are basically two methods that are used by business to identify
needs and demand of customers. This will provide high competitive advantages to Trunki
through which it can enhance its profitability as well as productivity level. Trunki Company can
communicate with its customers by communicating with them through social media, websites,
email and many other technologies over the internet.
By taking help of two methods such as quantitative and qualitative approaches Trunki Company
can easily achieve its set goals and objectives. The qualitative approach helps in identifying the
features and quality of the goods and services that can attract and encourage customers. It is the
most important responsibility of the company to provide products and services according to the
customer's requirement. This method does not provide data in numerical form (Gharakhani &
Eslami, 2012).
With the help of quantitative approach, a company can easily identify a number of exact
customers which gets attracted after implement project plan management within the business.
Through this method, Trunki Company easily interprets the collected data because it provides
information in numerical form that makes work easy. The company can take a right decision
quickly with the help of quantitative approach. Trunki Company uses both methods for
accomplishing its set goals and objectives in the certain time period and provide high-quality
goods and services according to their needs and wants.
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