Project Management Plan for SureSwitch Ltd. Joint Venture

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PROJECT MANAGEMENT PLAN
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Table of Contents
1 INTRODUCTION.....................................................................................................................3
1.1 Purpose of Project Management Plan........................................................................3
2 2. EXECUTIVE SUMMARY OF PROJECT CHARTER...................................................3
2.1 2.1 Assumptions/Constraints......................................................................................3
2.2 Aims and Objectives (P1)..........................................................................................4
3 SCOPE MANAGEMENT........................................................................................................5
3.1 Costs (P2)...................................................................................................................5
3.2 Timescale...................................................................................................................6
3.3 Resource.....................................................................................................................6
3.4 Gantt Chart (P3) (See Appendix)...............................................................................6
4 RESEARCH..............................................................................................................................7
4.1 Research Aims (P4)....................................................................................................7
4.2 Qualitative methods (P4)............................................................................................7
4.3 Quantative methods (P4)............................................................................................8
5 10
6 REFLECTION (P6).................................................................................................................11
7 REFERENCES........................................................................................................................13
8 15

1 INTRODUCTION
1.1 PURPOSE OF PROJECT MANAGEMENT PLAN
The project is supported out by team and project expert to make deliberate management plan
for the project. This mission contains sufficient material into the research for monitoring and
accomplishment of the project plan. This exploration report includes the consultation of
management plan, data investigation of documents, scope and boundaries of project.
Globalisation delivers the amenities to move throughout the world to characterize their
business. It offers new opportunities to discover the foreign market and investments to surge
economy of the nation. In this part of plan aims and objectives of SureSwitch Ltd. which
setups subsidiary with French organisation Fenetres d’energie to expend business in foreign
markets. It includes the risks, profits, compensations, limitations, scope and profits of
scheduled into foreign markets through joint ventures.
2 2. EXECUTIVE SUMMARY OF PROJECT CHARTER
2.1 2.1 ASSUMPTIONS/CONSTRAINTS
In project management planning various methods and the technique are applied to conduct a
survey of project by which a researcher can do their investigation in an organizational
manner. The qualitative and the quantitative are the approaches that are used in the study.
The qualitative method is the procedure in which concentration will be done on the
sympathetic and the perceptions of the topic selected by the researcher or the manager of the
organisation whereas the quantitative method is the procedure in which concentration is
mainly on real facts and the education will concerning on numerical numbers and data which
helped in achieving the actual information of the individual study. In this research, diverse
information has been used which is the mixture of quantitative and qualitative methods.
Mixed methods technique has been used to collect information and statistical data from
reliable and authentic sources such as books, journals, magazines, author publication,
websites, surveys, experiments and as a result investigator has been able to find their
standards and quality in specific management and strategy planning (Abowitz and Toole,
2009).
The feasibility of joint venture across UK-based organisation ‘SureSwitch’ and French
organisation ‘Fenetres d’energie’ include mixed methods that analyses the opportunities and
threats related to project management to expend the business in foreign market and earn

profitable revenue to leading organisation and it will help in energy conservation to explore
sustainable energy development. This analysis facilitates risks and benefits associated with
the joint venture in developing a successful project (Ahmedshareef et al. 2014).
In this report organization SureSwitch uses qualitative as well as quantitative method of
research to assess the feasibility of the venture. Qualitative research method includes all the
study of various case studies, observations of different theories and models to collect the non-
numeric and descriptive data. In qualitative research method data can be collected with the
help of various interviews, surveys and different structured and unstructured questionnaires
etc. Qualitative research method represents the perception of people in context of the
research. Qualitative method used for SureSwitch shows what people think about
organization and why. This observation can help organization to enhance its benefits and
reduce the risks. For this research organization can conduct interviews, various researches
and case studies and can analyze the data content obtained from all these. In qualitative
research the accuracy and reliably can be obtained by using various analysis, comparison and
comprehension approaches. In qualitative research the data has been obtained from various
original sources so it provides accurate and reliable results.
2.2 AIMS AND OBJECTIVES (P1)
Aim: - ‘To observe the probable influences of joint venture extension strategy on the
business processes
The aim of the organisation is to make strategic and planned management plan for
accomplishing their objectives. These ideas provide the track for performing the organization
plan to achieve the missions and vision of the industry.
Objectives
 To classify the role and reputation of joint venture in the business expansion process
 To recognize the influence of joint venture on professional operations
 To determine corporate performance with the support of joint venture strategy (Buijs,
2019).

3 SCOPE MANAGEMENT
SureSwitch” expends their markets in Foreign businesses with a French organisation
“Fenetres d’energie via joint venture. These organisations deal with efficient electrical
equipment and utilities for homes that saves up to 20% costs on electricity bills. This
organisation provides energy efficient management system that integrates in sustainable
development and energy saving for future generations. The scope of joint ventures covers the
diverse parameters which stables the international business and investment.
1. Joint ventures can be organised by businesses’ partners with corresponding to their
business in diverse varieties on a contractual arrangement with contract agreement
which they will deport venture business in a straight line (Carr et al. 2017).
2. The interactions will be shaped when these two similar organisations start their new
venture. It will give the productive benefit to both SureSwitch Ltd. and Fenetres
d’energie on large scale addition and economies and improve the strength and skills
of their workforces.
3. It attains the greater quality product manufacturing with the assistance of new
machineries and proper utilization of capitals.
4. It also unlocks the new resources for speculation of foreign markets to upsurge
opportunity and employment with numerous costumers supports (Chen et al. 2015)
3.1 COSTS (P2)
Cost Sharing: Individually partners donate with equal shares into preliminary capital cost to
the project, that allocate the financial burden on respectively of the organisation.
Develop Integrity: Originally start-up’s struggles to get marketplace reliability to setup the
organisation on a robust base. In joint venture greater organisation with product supports the
small creativities to increases credibility.
Resource Consideration: It also discover the new ways to grow the resources and delivers
better amenities with advanced technologies for optimal and effective use of resources.
Shared returns: By sharing upfront charges with the project, associates in joint ventures are
appeared into the equal dividends and profits.

Establish of Larger market: Businesses with similar outlines and products involved into
joint venture cooperate their schemes to produce better superiority of products professionally
to create bigger production into marketplace (Fernandes et al. 2013).
Communication: Corporations with the support of joint venture generates interactive
relations between the parties to boost the business on a large scale.
Risks: Risk feature involved in plan will be inspected and the rectifications will be provided
to monitor improved quality of investigation, project will be acknowledged.
3.2 TIMESCALE
The time scale which is considered for the completion of this project is two months which starts
from 1st may to 15th June. All tasks and activities are divided into 7 weeks which are defined in the
below mentioned Gantt chart.
3.3 RESOURCE
Computers 2-3
Notepad 8-10
Internet Connections 1
Library membership 1
Other Stationary like Pen, Calculators 12-13
Human Resources 5-6 team members
Financial Resources Funds from the organization
3.4 GANTT CHART (P3) (SEE APPENDIX)
Activity Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 week 7
Research Plan
Data Collection
Management Plan

Data Analysis
Resource Allocation
Documentation
Report Preparation
Final report of project
4 RESEARCH
4.1 RESEARCH AIMS (P4)
Undertaking a research project helps to define the related concepts in more clear and easy
manner. The research can be conducted either using primary or secondary methods. The
results of primary research often considered more appropriate and relevant as these are based
on the practical experiments and implications carried out by the research team. Opposite to
this, secondary research is considered when the researchers studies about the existing results
of the primary researches carried out by others. When the researcher conduct a research using
both qualitative and quantitative data, it is known as the mixed methodology. This project is
based on the mixed methodology as it has collected data as well as used some predefine
approaches of project manage to analyze and interpret such data.
Both primary and secondary research methods have their own weaknesses. Quantitative
research have limitation related to the authenticate data sources and qualitative research is
limited up to the biased decisions and generalization because of the lack of numerical and
statistical analysis. By using mixed methodologies. these weaknesses can be offset by
conducting both, exploration as well as the analysis in a single research work (Halcomb and
Hickman, 2015).
4.2 QUALITATIVE METHODS (P4)
On the basis of the findings of the research work, the research becomes able to understand the
problems that can be occurred while carrying out the project and the possible solutions, that
can be undertaken to solve such issues. In this research, the project manager have decided to
frame an organization which is socially and ethically responsible which is only possible when

the decisions are taken after conducting a research on everything related to the society and
the customers.
In qualitative risk analysis method, it involves the prioritization of risks by assessing the
probabilities associated with the project establishment. Inputs for the risk analysis contains
risk registers, environmental factors, baselines of scope, organisational process steps to
minimize the uncertainty level in project development. After assessing risk and benefit assets
project documentation is required to update
Qualitative method of research includes the study and analysis of data of case studies,
historical and observational materials. In qualitative method accurate result can be obtained
by repeatability and consistency of the process. Repetition of the questionnaire can increase
the reliability of the results. Organization can use various variables, terms and concepts in
qualitative method to ensure the reliability. In qualitative method for obtaining the accuracy
and reliability various approaches can be used like confirmability, transferability and
credibility etc. Data accuracy is an essential part of research as inaccurate data can provide
wrong conclusions. In qualitative method collected data can be real time and descriptive data
and the methodologies used in qualitative research can be subjective which helps
organizations an authenticate observation (Yan and Luo, 2016).
4.3 QUANTATIVE METHODS (P4)
This project is developed by using all material and data available which makes it the results
more reliable and relevant.
The final results of this study concludes both, statistical analysis as well as the observations.
The validation of the statistical results gas also done to support the main findings and to
achieve the goals and objectives.
In addition to this, a research work is always results in providing benefits to the different
people of society in different manner, For example, it can work as a guidance for the
students, as a new base for the researchers and as a knowledge source for the readers. The
basic object of a research work is to gain new information and knowledge which may results
in providing educations, professional and personal benefits.
In quantitative risk analysis method, it is based on numerical and statistical analysis of risk
associated with overall project objectives. This quantitative analysis method is helpful foe

decision making by analysing the internal and external environment of market for which it is
suitable to build the project (Khan et al. 2015).
Quantitative research method includes observations of different statistical and hypothetical
models, detailed description of the results of various events and tests. In quantitative research
method obtained data can be numeric and in the form of mathematical expression. In
quantitative research method different experiments can be conducted which ensures the
accuracy of data obtained. The organization can use various graphs and charts to analyze the
quantitative data which includes different variables. Quantitative research method focusses
on the facts and statistical process in obtaining more accurate results. Reliability of the
method depends on the source of data.
Quantitative method of research provides trustworthiness by using different approaches. In
quantitative research method the accuracy and reliability of data remains as it focusses on the
procedural and precise methods of data obtaining and analysis. Hypothetical methodology
can help organizations to analyze the Behaviour and interest of variables. Quantitative
method use numerical data which cannot be influenced by any means so it provides an
accurate and reliable analysis of all the positive and negative factors in context of
organization and venture. It will help the organization to identify all the benefits as well as all
the threats that can be faced by the organization in the venture. Data accuracy and reliability
of quantitative method is much higher than qualitative method (Sim et al. 2016).
1.1 Data analysis (P5)
Before undertaking and implementing a project, it is required to have an appropriate and time
bound project management plan which can guide the project manage as well as the other
team members to work as the scheduled tasks. The project management plan may include a
number of documentation consist of charts, graphs, log book and other theory based papers.
The plan is developed on the basis of the availability of time and funds and thus, financial
department is also involves in while planning for a project.
The first step is to define the aims and objective of the project. Before conducting any type of
management process related to the project, the project manager need to find out the main
objective of the organization after completion of the project. In this project report, the main
aims of both the organizations is to expand their business in the new areas and regions and
thus to increase their profitability as well as the visibility in the market. On the basis of the

identified objectives, the goals are developed which are required to the communicate to the
top level management as well as the project team members (Jin et al. 2016). These goals
helps the organization to understand the need and importance of the completion of the project
as per the desired manner, Such goals are also used to evaluate the success of the project by
comparing with the actual results after the completion of the project. On the basis of the goals
and objectives, the resources are identified that are needed to complete the project in terms of
human resources financial resources etc. This would help in analyzing the requirement for the
additional resources so that management can get sufficient time to arrange the same.
On the basis of the available resources and funds, the work break down structure is prepared.
A work breakdown structure divides the whole project in small segments or tasks. the time
of completion of each task is also decided and the resources are also defined along with the
approval of top level management. This work break down structure is distributed among all
project related employees so that everyone can work as per the predefined schedule. In this
report, a work break down structure has been developed which is contributing in making the
project easy and the project manager is also able to find the milestone. and key constraints of
the project. Thus, mixed methodology approach of research has been used in this research
project to find out the problems from the qualitative as well as the quantitative aspects
(Jaeckel et al. 2016).
The project risk and benefits plan approach the project balance and investments to mitigate
risk factor for the further development. Contingency is accurate factor in risk mitigating and
to provide a better revenue to the organisation.
5 RECOMMENDATIONS (P6)
 The assessment of the project plan shows that the organization has enough resources in
terms of human as well as financial resources, which shows that the organization can
adopt of new process and products also in order to increase its presence in the market.
 In addition to this, there will be creation of the new employment opportunities which
would enable the management to hire new talent and taking advantage of it. Entering into
new territory for the existing business can be a challenge of the management because of
the new culture, beliefs and preferences (MacNab et al. 2015). This challenge can be
treated with hiring the new employees from the local region which would be able enough
to know the values and preferences of the local customers. In addition to this, the
organization is also required to conduct a detailed research about the existing market

players in the same industry and the level of services provided by them. It would help the
management to develop the innovative and effective market strategies to attract the
customers towards new brand.
 Further, as the organization is going for a joint venture, the proportion of the employees
and the resources shared by both organizations should also be decided and documented
before commencing the project of joint venture. It would help in eliminating the chances
of conflict at later stages (Schuster and Hunter, 2015)
 Overall the project is very interesting and seems very profitable for the organization if is
carried out as per the developed plan. The management is required to develop a project
management team that would be responsible to implement the projected actions on the
basis of the availability of resources. these should also be existence of the backup plan in
case of failure of the main plan due to any fluctuation in the market conditions or in the
economical conditions of the organization. The laws and regulations related to the joint
venture should also be considered by the organization at the time of planning into the new
market of joining business with other organization (Schifferdecker and Reed, 2009).
6 REFLECTION (P6)
Evaluation of the results and the findings is necessary to find pout the accuracy of the
research process conducted. The relevancy of the collected data and the sources used can also
be determined by conducting the process of evaluation. While evaluating the results and
findings, the goals and objectives of the projects have also been taken into consideration in
this study. If the goals are not achieved then , the accuracy of the results may be hampered.
The data has been analyzed on the basis of observation and statistical analysis methods. On
the basis of the evaluation, it can be said that by becoming highly ethical and social
responsible organization, the management can also get the improved related between the top
level management and employees. It will automatically enhance the will of the employees to
work with their full capability. This will also results in improving the productivity of the
organization on the whole as thus to increase the profits in a positive manner. The
organization would also be able to attract a large number of customers if it is delivering the
products and services after considering the social and ethical values. The market reputation of
the organization would also be increased which would attract the new stakeholders and
investors to make investment.