Managing Successful Business Project: Softwire IOT Impact Analysis

This report examines the impact of the Internet of Things (IOT) on Softwire Company, a software development, consultancy, and solutions provider. The report begins by identifying the aims and objectives of implementing IOT, focusing on enhancing customer satisfaction and streamlining business functions. It includes a detailed project management plan outlining scope, cost, quality, risk, time, communication, and resource considerations. The research methodology involves both qualitative and quantitative methods, including questionnaires to gather data on the impact of IOT on Softwire's operations. The analysis covers the benefits and challenges of IOT adoption, drawing conclusions and recommendations for future implementation. The report also includes a reflection on the project, references, and a logbook detailing the project's progress.

Managing Successful
Business Project

Table of Contents
TASK 1............................................................................................................................................3
P1. Identify the aims and objectives...........................................................................................3
P2 Project management plan that includes relevant actions to meet objectives and time frames.
.....................................................................................................................................................4
P3 Conduct research to generate knowledge..............................................................................6
TASK 2............................................................................................................................................8
P4 Analyse your findings and draw conclusions to form the basis for recommendations.........8
TASK 3..........................................................................................................................................10
P5 Present and produce your project in an appropriate manner for the intended audience......10
P6 Recommendations................................................................................................................18
P7 Reflection ............................................................................................................................18
REFERENCES..............................................................................................................................20
LOGBOOK....................................................................................................................................21

INTRODUCTION
Digital technology came as revolution for the business organizations it changed the entire
processing of the companies. Since its inception it has been seen that there are many things
which have altered and specifically in the business firms everything is started with a new and
innovative approach. Internet of things is one of the major innovation in digital technology that
connected the devices with each other and established a system which effectively used to
communicate and control activities in Softwire Company. The company is used used to
privately owned that provides software development, software consultancy and bespoke software
solutions in London. Its aim is to offer customer satisfaction on extreme level and therefore, this
report comprises of aims and objects,. Project management plan, research with the finding and
conclusion (Broekx and et. al., 2011).
TASK 1
P1. Identify the aims and objectives
It is essential for an organization to predetermine aims and object in order to develop
modern strategy that supports it to grow and attain the success in the market. To attain the
prosperity innovation is required because until there is no innovation the firm cannot be run in an
appropriate way. Internet of things is one of that technological advancement that assists in
business activities like operations, marketing, accounting, human resource management and so
on. Softwire Company can attain its objectives through adopting the internet of things that
supports in business functions with which establishes a connection among them with an
effective interaction. In order to attain the income and revenue the company put efforts to
determine the objectives that can be achieved by digital technology.
Internet of things is a technology that can connect the company with its customer in an
effective way and it operations will also flow in a smooth way. Technology not only makes the
work smooth but also responsible for generating profit and revenue for the business (Denzin and
Lincoln, 2011).
Background of project
As digital technology is revolving internet of things also moving towards the future. It
was conceptualized from the industrial production where machine to machine communication
help to the manufacturing complexity. Business organizations are also adopting IOT to grow and
attain the goals through maximizing the connectivity of operations and functions. It can also send

and receive continuous streams of data to monitor and automate the activities of machines and
individuals that are involved in operations.
Topic – “Impact of Internet of Things on the transformation of business activities. A
case study on Softwire company”.
Aims: Softwire Company has a major aim to become one of renowned organisation for
their customers. The company's major aim is “ To determine the impact of Internet of Things on
transformed business activities. A case study on Softwire company”.
Objectives:
 To analyse the importance of Internet of Things within Softwire organisation.
 To identify the influence of Internet of Things on company operations and functions.
 To analyse the advantages and disadvantages of Internet of Things within an enterprise.
Questions:
 How to analyse the importance of Internet of Things within Softwire organisation?
 What is the influence of Internet of Things on company operations and functions?
 What are the advantages and disadvantages of Internet of Things within an enterprise?
P2 Project management plan that includes relevant actions to meet objectives and time frames.
The project development plan is used to form a specific process through which a project
will be accomplished. It is essential to develop and control the operations and functions that are
performed to meet the goals and objectives. It is prepared as formal approved document which
defines a proper way of the execution, monitoring and controlling the process of the task.
Project management plan assists to determine the scope, time, cost, quality, risk and
communication procedure that is followed by a Softwire company (Fleming and Koppelman,
2016). All of these aspects will support the company to save the time and analyse the activities
what they need to be done. Project management plan is essential to identify the particular formats
that are required to implement in different reports. Project management plan is described as
below -
Scope – There is a need to identify the scope of a project that delivers an appropriate
output to the stakeholders. It can be simplify as the internet of things is innovating for the better
working process of Softwire company (Geraldi and Lechter, 2012). So the employees and other
people like customers and investors can be satisfied with the successful implementation of IOT
because this is implementing for them to stay connected and distribute the information among

all. The researcher identifies the requirements of the IOT projects to analyse the effective area
where innovation can give specific outputs and results for the growth of company.
Cost – Every projects needs some fund to initiate a project planning for execution.
Softwire needs to prepare a budget plan that supports activities and functions in a systematic
manner. It is essential to determine the cost for Internet of Things before the plan begins as it
assist to avoid the interruptions. If Softwire recognises the cost before the getting started then it
will be helpful for it as the deployment will not stop due to lack of funds. There are some
specific tools that can use to estimate the cost of IOT such as the Gantt chart, questionnaires and
data analysis (Hirshkowitz and et. Al, 2015).
Quality – At the time of conducting market research it is essential to develop such kind
of methods and techniques which can be used in effectual way. The research can be done with
quality that gives some valuable outputs for Softwire company. The IOT deployment should
meet the quality outcomes that can raise the company profit. IoT should produce the quality that
is needed to improve the efficiency and the growth of a business.
Risk – It can be seen that when there is a new idea or concept is implemented in the firm
then there is a certainty of risks. The risk can be occurred at any time and they can interfere in
the completion of the project. If Softwire does not have a plan to resolve the risks then it can
impact on implementation of IOT and that will develop the obstacles in the growth and
profitability. To avoid such restriction Softwire can follow the Gantt chart that will assist in
reducing the issues and increasing the profit as well.
Time – Softwire should estimate the time which required to complete the project. Time
will be estimated after collecting the reports from various departments that are working on the
IOT. The major objective of the time is to recognise the duration which is needed to complete the
project.
Communication – Softwire should establish an effective communication plan from
which the staff of the firm can interact in an effective way. To communicate frequently they
needed to establish a communication channel that can be accessible in a less time (Hwangand
and Lim, 2012). Because the company is first time innovating the IOT so there may be some
issues that needed to be solved within time. To resolve the problems they should need put the
effort to trim the gap between different channels. The Gantt chart can help them to develop
activities in an appropriate way (Lakatos, 2014).

Resources – The firm needs to analyse the resources which is the foundation of growth
and success. Softwire should embrace its resource like finance, human resource, technology and
so on. All of these are backbone growth and success that generates the high revenue and
profitability.
P3 Conduct research to generate knowledge
Work breakdown structure is a tool for project management that delivers an effective
output to the project managers. It breaks the task in small modules that is finished by particular
team. This defines the work scope in to manageable portions that can be managed bys separate
teams. Each division has a detailed information about these chunks that has to accomplished by
them. The project managers attains the target by dividing the task among the employees
according to their capabilities in order to mange the work faster and in an effective way and
within specific time. This is manager's responsibility to recognise the abilities and knowledge of
the employees that supports them to perform well in a given task and maximize the profit.
Gantt chart is a tool which provides proper duration of the task in which it is completed.
It is defined a graphical format that depicts the accurate data and schedule of the plan. It also
records the activities and individual performance that is required to know the support to attain
the goals and objectives. This provides an accurate information about the plan from the
beginning to end of task (Meredith and Mantel, 2011).

TASK 2
P4 Analyse your findings and draw conclusions to form the basis for recommendations.
Before adopting Internet of things the Softwire needs research for the requirement and
acceptance for the innovation. This will help to affect the sustainability and growth of the
business and it will also help to gain competitive advantage. The company can conduct the
research by these methods -
Qualitative methods – Qualitative methods refers to collect the sufficient data that
produces fruitful outcomes. This can generated through behaviour, opinions, attitudes with
respect to the IOT. If there are some certain results that can give an growth to the company then
it can analysed from the mathematical data that gives accurate information (Howard and Sharp,
2012).
Primary method – Primary research gathers the information from various sources such
as such as surveys, questionnaires, interview, observations and so on. It gives a point of view of
the employees that whether they are in the favour of IOT or not. This is the basic research and
conducted for the first time when a product is introduced in the Softwire organization (Peters and
Wahyuni, 2012).

Secondary method – It is the second level of research as it uses to cater the data and
information accurately. This generates the information within limited time which saves the time,
cost and efforts to accomplish a project for IOT (Westerman, Bonnet and McAfee, 2014).
QUESTIONNAIRE
Name:
Age:
Gender:
Contact number:
Address:
Q1) What advantages company get by implementing The Internet of things?
a) Safety, Comfort, Efficiency
b)Revenue Generation
c) Better Decision Making
d) Increase Business Opportunities
Q2) Is The Internet of things beneficial for increasing productivity and growth of
Softwire ?
a) Yes
b) No
Q3) What are different Real World Applications of Internet of things used through
Softwire for increase operation of business?
a) Smart Home
b) Industrial Internet
c) IoT in agriculture
d) Energy Engagement
Q4) What challenges Softwire faced at the time of executing the at workplace?
a) Delivering Value to Customer
b) Data Connectivity Issues
c) Hardware Compatibility Issues
Q5) What are main skills which someone should be learn in context to be successful in

area of Internet of things?
a) Electronic circuit design
b) Programming language
c) Networking
d) Cloud computing
Q6) According to your point of view which kind of technology will make Internet of things
game changer in future?
a) Artificial Intelligence
b) Machine learning
Q7) What will be negative impact develop on company after implement the Internet of
things at workplace?
a) Security
b) Privacy
c) Compatibility and Longevity
Q8) What is the impact of Internet of things on growth and profit of company?
a) Enhanced productivity
b) Minimum cost of production
c) Fast business activities
Q9) Recommend some ways by which Softwire can expand its business through using the
Internet of things.
TASK 3
P5 Present and produce your project in an appropriate manner for the intended audience.
THEME 1: Benefits company get by implementing Internet of things
Q1) What advantages company get by Frequency

implementing The Internet of things?
Safety, Comfort, Efficiency 11
Revenue Generation 9
Better Decision Making 8
Increase Business Opportunities 12
Interpretation: Internet of things is network of the vehicles, physical devices, home
appliances and many others. It provides some advantages to firm at the large scale. According to
graph, there are 11 respondents which said that it helps in provide the safety and efficiency. 9
respondents are agree with the revenue generation. On the basis of view point of 12 respondents
Internet of things is helpful in increase better opportunities to the business firm. Remaining 8
said that Internet of things helps in taking the effective decisions in favour of firm.
THEME 2: Internet of things beneficial for increasing productivity
Q2) Is The Internet of things beneficial for
increasing productivity and growth of
Softwire?
Frequency
Yes 22
No 18
Safety, Comfort, Efficiency
Revenue Generation
Better Decision Making
Increase Business Opportunities
0
2
4
6
8
10
12 11
9
8
12
Column B

Interpretation: On the basis of given graph, there are 22 respondents which said that
Internet of things is more effective as well as beneficial for maximise the growth and
development of business. It plays a major role to enhancing an economy of country and also
secure the data as well as information of company along with the customers. On the other hand,
18 respondents are disagree with this given statement.
THEME 3: Different Real World Applications of Internet of things
Q3) What are different Real World
Applications of Internet of things used
through Softwire for increase operation of
business?
Frequency
Smart Home 12
Industrial Internet 8
IoT in agriculture 6
Energy Engagement 14
Yes No
0
5
10
15
20
25 22
18
Column B