Project Plan: Managing Small Business in Global Market

This project plan focuses on managing a small business, covering essential aspects such as project definition, problem statements, and strategic planning. It outlines project objectives, including performance, cost, and time constraints, along with a detailed project scope statement, including what is included and excluded. The plan also encompasses a comprehensive implementation strategy, incorporating a work breakdown structure and a Gantt chart for scheduling. Furthermore, it details project processes and a communication plan to ensure effective information transfer among team members. The project's success criteria and underlying assumptions are also clearly defined, providing a structured approach to achieving project goals in the context of globalization and market competition. This project plan is a valuable resource for students seeking to understand and apply project management principles within a business context.

Project Plan
Managing Small Business Project
Student Name:

Contents
Project Plan................................................................................................1
Managing Small Business Project...........................................................1
a.Definition..................................................................................................2
a.Definition..................................................................................................2
Problem Statement...................................................................................2
Project Strategy........................................................................................3
Project Objectives....................................................................................3
Performance, Cost, and Time Objectives.....................................................................3
Deliverables..............................................................................................3
Project Scope Statement.........................................................................3
Included Scope.............................................................................................................3
Excluded Scope............................................................................................................3
Success Criteria.......................................................................................4
Project Assumptions................................................................................4
b.Implementation Plan...............................................................................4
b.Implementation Plan...............................................................................4
Work Breakdown Structure.....................................................................4
Schedule (Gantt Chart).............................................................................5
c.Project Processes...................................................................................5
c.Project Processes...................................................................................5
Communication Plan................................................................................5
a. Definition
Globalisation refers to the process which aid in moving and integrating
with different people, organisation as well as government across the whole
wide world. Globalisation is a process which will aid in providing goods
and services all over the world. The present report is based on a company
which is a large scale fashion enterprise.

Problem Statement
It refers to the statement which includes a concise description of the
problems which has to be improved by the researcher in this research. In
the present research, problem statements is to compete the competition
and enhance the profitability.
Project Strategy
Project strategy is about the goals and plans of the current research.
Goals of the project is to accomplish the research in effective manner and
within given time period.
Project Objectives
1. To determine the concept of presenting new product at global
market.
2. To examine the success of presenting new product in front of other
big scale business rivals.
3. To know the challenges of introducing new product at the market
place.
4. To analyse the strategies of launching new services at international
market which will aid in maximising profitability of the company.
Performance, Cost, and Time Objectives
In order to conducts the research in an effective manner, researcher need to
perform the task effectively and within given time frame. Time allotted for the
research is 2 months and cost incurred in the whole research is 150 euro.

Deliverables
Expressing the purpose or outcome in a tangible or intangible form (i.e product or
service)
Project Scope Statement
In the present report, various factors are included such as scope, time,
cost and many more. Along with this, researcher get all the information
from primary and secondary sources with the help of questionnaire
method.
Included Scope
Questionnaire method is included in this research with the help of which
they can collect accurate and reliable data. Along with this, various
recommendation are given to the company with the help of which they can
enhance its productivity and profitability.
Excluded Scope
In the present report, we have chosen only one company. Therefore, our
research is limited to only one company and industry.
Success Criteria
After conducting this research, we have asked the management team of
the company that how much benefit they gain with this research.

Project Assumptions
There are some assumptions developed by researcher while conducting
this plan in an effective plan. In the present research, the assumption is
that all the information collected by investigator is accurate and relaible.
Along with this, they assume that the research will be completed in an
effective manner.
b. Implementation Plan
Implementation refers to the process where every plans are converted into
actions, in order to attain the goals and objectives of chosen research
project. In general, it refers to the process where each and every plans,
strategies and goals are going to be executed in an effective manner.
Work Breakdown Structure
It refers to the structure where each and every project is divided into
various parts so that it could easily and effectively be managed by the
employees. Generally, WBS structure helps in managing large projects
into small and manageable task in order to attain final project. WBS is a
timeline which helps in identifying the time period included in the whole
project. It is a graphical representation which includes time period of every
task. With the assistant of a graphic box it will determines the overall
project (Jones and Lubinski, 2012).Apartfrom this with the help of this
each and every sub factors are listed while describing the work.

Schedule (Gantt Chart)
Gantt chart –It refers to a graphical presentation of different schedule
which aid in planning, managingand organizing all the task in an
effective manner. It plays very important role in planning and
scheduling projects as well as in order to know the time period
included while conducting this research. It also provide assistance
while managing the dependencies between eachand every tasks
(Kankaanranta and Planken, 2010).

c. Project Processes
It includes various stages such as project starting, project implementation,
project preparation, project planning and many more. It is one of the main
part while conducting the research.
Communication Plan
It is the method through which researcher transfer all the
information related to the project to their team mates. With the help of
email, face to face meeting researcher will be able to transfer all the
information in an effective manner.