Managing a Successful Business Project: Unit 6 Assignment

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UNIT 6 MANAGING A SUCCESSFUL
BUSINESS PROJECT
1

Contents
INTRODUCTION...........................................................................................................................3
TASK A) AIMS AND OBJECTIVES FOR THE PROJECT.........................................................4
PROJECT DEFINITION.............................................................................................................4
PROJECT AIM AND OBJECTIVES.........................................................................................4
TASK B) MANAGEMENT PLAN.................................................................................................7
PROJECT SCOPE...........................................................................................................................7
INCLUDED SCOPE...................................................................................................................7
EXCLUDED SCOPE..................................................................................................................7
PROJECT BUDGET AND COST..............................................................................................7
QUALITY CONTROL................................................................................................................8
COMMUNICATION PLAN.......................................................................................................8
PROJECT RISKS........................................................................................................................9
PROJECT RESOURCES..........................................................................................................10
GANTT CHART (TIME SCHEDULE)....................................................................................10
WORK BREAKDOWN STRUCTURE....................................................................................10
PROJECT LOGBOOK..............................................................................................................11
TASK C) RESEARCH TO GENERAL KNOWLEDGE.............................................................13
TASK E) PRESENTING AND PRODUCING THE PROJECT..................................................15
TASK F) COMMUNICATING THE RECOMMENDATIONS..................................................20
TASK G) COMPLETING THE PERFORMANCE REVIEW:....................................................21
A) SUCCESS OF THE PROJECT AND ITS USEFULNESS.................................................21
B) MY PERFORMANCE.........................................................................................................22
CONCLUSION..............................................................................................................................24
REFERENCES..............................................................................................................................25
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INTRODUCTION
In this project managing successful business project acts is one of the most important outcomes.
In this project work there are many different type of resources are involved. On the other hand if
the business was fail then project functioning of the business will affect more in the drastic
manner (Banik et al., 2011). The managers of this project have a main role and responsibility to
handle this project as a very effective manner. They will also focus all the aspects of the
management that is planning, controlling, staffing, coordinating etc. the new shoes is develop in
this project for the summer collection. The name of the new sandal is Tictaptoe (Banik et al.,
2011)
In this research project that aim and the objective of the organization is derived. The project plan
is also make which is very helpful to the organization. And this will also absorb the scope, time,
cost, quality, risk and communication Tictaptoe is one of the famous brands in all over the world
(Banik et al., 2011). They have a passion of beauty which will make the fashionable sandals with
full of attraction. This is one of the leading designer’s sandals. This sandal give a full of
relaxation to the customer and also satisfy them (Banik et al., 2011).
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TASK A) AIMS AND OBJECTIVES FOR THE PROJECT
PROJECT DEFINITION
This project has been conducted to devise and they try to create the new product for the
Tictaptoe which is particular launch in the London fashion week. The product is particular focus
on the marketing of the shadow in such a manner that will help the customer for getting the edge
over (Cho et al., 2017). The aim and the objective of the company are providing good quality of
product with reasonable price. The company objective is also set in smart and clear manner.
Therefore the managers of the company have to set the organization goal and objective in such a
manner that it obtained at the last of the project (Cho et al., 2017). And on the other hand the aim
and the objective of the company must be communicated with each and every person who is
related with this project work. If the manager of the company communicate with them then
employee will give there extra efforts which will very beneficial to the organization (Cho et al.,
2017).
PROJECT AIM AND OBJECTIVES
To construct some of the effective plan for launching a new sandal by the Tictaptoe ie shadow
and that will present it in the London week.
The objective of the research is:
The main objective of the company is to make a project management plan in their organization
(Cho et al., 2017). Different types of aspects of the project like risk, quality, price
communication etc. are used to making a new sandal i.e. shadow.
 On the other hand they try to produce a breakdown structure and a Gantt chart for making
the new summer sandals i.e. Shadow by Tictaptoe.
 The organization also make a sandal in that manner that will make a top position over the
different competitors, i.e. they make a strong sufficient compete in the existing market
(Cho et al., 2017).
 To present the sandal i.e. shadow in the London fashion week.
 To cooperate with the different fashion brand in the London fashion week.
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 They also satisfy the customer need and wants (Cho et al., 2017).
SMART check:
Specific
The main objective of the company should be specific to the project as compare to the
generic. To cooperate with the different fashion brand in the London fashion week. They also
satisfy the customer need and wants (Deselnicu et al., 2016).
Measurable
The objective of the organization must be measureable and motivation. The organization
must have that much of confidence level so that they can compete with others (Deselnicu et
al., 2016). In the London fashion week there are more competitors who have already existing
sandal brands. The companies also act like they are driver of the motivation (Deselnicu et al.,
2016).
Achievable
The companies just make an objective which will achievable in nature. The aim must not be
so huge and it must be realistic not fake. The Projective manager of the company set the aim
and objective of the organization in that manner that will easily achievable by the employee
with few dedicated work (Deselnicu et al., 2016).
Reliable
The project manager of the company set the objective to designee the main new brand
product for the Tictaptoe for inventing the summer collection product, shadow (Deselnicu et
al., 2016). On that basis the objective are set reliable to the particular stream line of the
project.
Timely
The most important thing is that the project work must be finish timely. With the help of this
all the work of the organization is finished with given time framework. This is also done in
well and in systematic manner (Deselnicu et al., 2016). On the other hand the managers of
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the company have to distribute all the work is a systematic manner that will help to set the
objective of the company (Deselnicu et al., 2016).
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TASK B) MANAGEMENT PLAN
PROJECT SCOPE
INCLUDED SCOPE
The main scope of this project work is for making a new branded sandal in London fashion week
by the Tictaptoe called shadow. This study includes only marketing as compare to anything else.
And on the other hand they will not involve the management or the funding aspects (Dixon and
Shankar 2018). With the help of two different methodologies that is primary and secondary the
research is done. In the primary methodology the questionnaire has been used. In this some of
the questions are asked to the customers who are related with the project (Dixon and Shankar
2018).
EXCLUDED SCOPE
In this research project some different type of sandals collection are excluded. In this some of the
financial activity and geographical are not cover while taking out the research activity (Dixon
and Shankar 2018).
PROJECT BUDGET AND COST
Resource Specifications Budget cost
IT resources Computers, laptops, internet
connection designing
software (Fontaine, 2018).
£3000
Human resource requirement manager of the project,
designer, sponsors, tailor,
marketing manager and other
managerial staffs (Dixon and
Shankar 2018)
£5000
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Management related
resources
Financial or administration or
HR department Support with
different working department
£ 1500
Machinery and plant Heavy machines, cutting
machines, measurement
machine, packing machine
etc. (Fontaine, 2018)
£8000
Miscellaneous resources Stationary, printing machine,
drawing stands etc (Dixon
and Shankar 2018).
£20000
QUALITY CONTROL
The quality management of the organization analyze all the activity with some different task that
are required to complete the project to achieve the aim and objective of the organization which
are set by the manager of the company (Dixon and Shankar 2018). Some of the policy are also
included which are connected with the quality of the product i.e. the making and the
implementation of the planning of some quality with the help of quality assurance and some
control. The total quality tools are applied for making a good quality of product for summer
collection (Dixon and Shankar 2018). Some of the quality factor which is analyses by us is that
to make a best quality synthetic fabric which is mostly used in summer friendly along with the
awesome and strong pattern so that customer can use it on the daily basis (Dixon and Shankar
2018).
COMMUNICATION PLAN
For the collection of the data the active communication is most important. On the regular basis
the interaction with the supervisor is done to analyses the improvement of the research project
with any issues (Dixon and Shankar 2018). The research finding and outcome of the research is
communicated with the help of e mail communication.
Description Type Delivery
method
Target audience Delivery frequency
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Everyday
report
Informational Direct Managers,
Supervisor,
Project Team
Daily
Agenda
report
Informational Improvised
presentation
Managers,
Supervisor,
Project Team
15 days
Status report Obligatory Email Managers,
Supervisor,
Project Team
Monthly
Assessment
report
Obligatory Email Managers,
Supervisor,
Project Team
Scheduled
Concluding
report
Obligatory Demonstratio
n
Managers,
Supervisor,
Project Team
On last date
The key success of any project is the communication. If in the organization the communication is
good then they will achieve the organizational goal and the revenue of the company will also
increase rapidly (Fontaine, 2018). Therefore this is most important part that the managers of the
company communicate all the plans related with the project with their employee so that they will
give their best and the organization will achieve their target. They also set some target with some
particular time period as compare to maintain the product quality (Fontaine, 2018).
PROJECT RISKS
Some of the damages or any risk of the event or the condition is arises in the project which will
make a huge effect in the organization for achieving the goal and objective of the project. In the
project the ratio of the risk is low (Fontaine, 2018). In the project some risk are related with the
deadline will not missed and the project getting delayed. For prevention from risk, design of
product and styl4e of product must be in proper form (Fontaine, 2018).
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PROJECT RESOURCES
For completing the project work some different type of resources are required in the
organization. Some sources are like technical resources, human resources and other physical
resources. In human resource supervisor of the company will give proper instruction and directed
the research process (Fontaine, 2018).it will also include the support of staff and some intelligent
people who will take some survey and collect some data effectively. Some of the data are
protected by the secondary data which include the IT hardware, software and networks
(Fontaine, 2018). With the help of analytical tool some of the data are analyze and the charts
from mx excel.
Raw material, machine and equipment, marketing and promotion to design, create, manufacture
are included in physical resource. And the last is financial resources which include the
performance of all the activity with the limited budget of the project (Fontaine, 2018).
GANTT CHART (TIME SCHEDULE)
Establishing research aims plus objectives
Creating a plan for project management
Conducting small scale research
outcomes and conclusion of Research
Presenting and producing the project report
Conveying the recommendations applicable
Performance review with self-reflection
2/26/2018
6/6/2018
9/14/2018
12/23/2018
4/2/2019
7/11/2019
WORK BREAKDOWN STRUCTURE
The work breakdown structure organized all the work into manageable section. With the help of
work breakdown structure the smaller component is performed in the project work. On the other
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hand this is also said that work breakdown structure is the key project which will help to work of
the team converted into actions which are manageable easily (Lee and Rahimifard, 2012).
Activities Actions are taken Start date End date Duration
(in days)
1 Establishing research aims plus
objectives
16-02-2019 23-02-2019 7
2 Creating a plan for project
management
24-02-2019 10-03-2019 14
3 Conducting small scale research 11-03-2019 25-03-2019 14
4 outcomes and conclusion of Research 26-03-2019 9-04-2019 14
5 Presenting and producing the project
report
10-04-2019 17-04-2019 7
6 Conveying the recommendations
applicable
17-04-2019 23-04-2019 7
7 Performance review with self-
reflection
24-04-2019 30-05-2019 7
PROJECT LOGBOOK
Date Activity Actions are taken Person-
in-
charge
Signatur
e
Remarks
16-02-2019
to
23-02-2019
Project
initiation
Establishing research
aims plus objectives
Manager,
support
staff
- As per
requirements
24-02-2019
to
10-03-2019
Project
management
Creating a plan for
project management
Manager,
Experts
- As per
requirements
11-03-2019
to
Data collection
plus analysis
Conducting small
scale research
Manager,
Experts,
- -
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25-03-2019 support
staff
26-03-2019
to
9-04-2019
Research
outcome plus
the conclusion
outcomes and
conclusion of
Research
Manager,
Experts,
support
staff
- As per
requirements
10-04-2019
to
17-04-2019
Project Drafting Presenting and
producing the project
report
Manager,
support
staff
- -
17-04-2019
to
23-05-2019
Project
references
Conveying the
recommendations
applicable
Manager,
support
staff
- -
24-05-2019
to
30-05-2019
Performance
review
Performance review
with self-reflection
Manager,
support
staff
- As per
requirements
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