Tesco's Global Expansion: A Project Management Plan

Desklib provides past papers and solved assignments for students. This project analyzes Tesco's global expansion.

Managing a successful business
project

TABLE OF CONTENTS
Introduction......................................................................................................................................1
Task 1...............................................................................................................................................2
P1/M1 Establish project aims, objectives and timeframes based on the chose...........................2
P2: Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources..............................................................................................5
P3: Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages
for completion..............................................................................................................................9
Task 2.............................................................................................................................................12
P4/ M2 Carry out small-scale research by applying qualitative and quantitative research
methods appropriate for meeting project aims and objectives..................................................12
Task 3.............................................................................................................................................15
P5/ M3 Analyze 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 conclusions....................................................................................16
Task 4.............................................................................................................................................17
P7/M4 Reflect on the value of undertaking the research to meet stated objectives and own
learning and performance..........................................................................................................17
Conclusion.....................................................................................................................................19
References......................................................................................................................................20

LIST OF FIGURES
Figure 1: Project management stages..............................................................................................3
Figure 2: Work Breakdown structure..............................................................................................9

LIST OF TABLES
Table 1: Project Cost Budget...........................................................................................................5
Table 2: Milestone project plan.......................................................................................................6
Table 3: Gantt chart.........................................................................................................................9
Table 4: Performance review.........................................................................................................17

Introduction
The impact of globalization is majorly influencing on the business functioning which is in both
negative and positive manner because this provides the several growth-related opportunities in a
new global economy, but as far from this, it also creates in the product failure risk and huge
competition in the market. Currently, the business project will majorly discuss the Tesco
organization case which is planning for expanding their business all around the world. The report
will also discuss the impact of the globalization and its benefits which an organization is facing
during entering the international market. Also, the report will highlight on the project
management plan in managing the business project task and activities. The report will show the
several techniques for managing the project are such as the cost budget, timeframe, Gantt chart
and WBS. The research of the project will be conducted through quantitative and qualitative
methods which will help in providing accurate and reliable data about the selected project topic.
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Task 1
P1/M1 Establish project aims, objectives and timeframes based on the chose
Introduction
Currently, the project is used to determine the globalization impact on business success when an
organization is entering the international market. The 21st century of the new global economy
has transformed educational, political, social, economic landscape in a remarkable and profound
manner. The new global economy has been composed of interactive forces trilogy which
includes the information technology, globalization, and communication revolution and trade
liberalization (Davoine et.al, 2015). The report is all about the Tesco organization which is the
general merchandise retailer and British multinational groceries located in all around the UK.
Currently, the project is discussing globalization impact when entering into the new global
economy so the organization is facing various problems and benefits too. Tesco also gets an
opportunity to expand their business on a large level as well as enhance their large customer
base.
Project management process
The project management is a practice of an initiating, planning, executing, controlling, and
closing of the teamwork in context of achieving the specific goals and also meet with the
business success criteria on specified time. In the first stage of the project initiating this is used
to define the project goal at a huge level. It is only done after researching which determine
whether a project is either feasible or undertaken. If in the project feasibility testing is needed,
then it is a project stage which will be completed. Second is the planning stage that is the key
successful management of the project as well as also focusing on the roadmap developing which
everyone will be following. The two popular methods which used in this stage to set the goals
are a CLEAR and SMART tool. A third is the project execution stage in which deliverables of
the project is completed and developed. The tasks which include in this stage are developing of
the team, assigning resources, project management plan execution, status meeting etc.
The fourth stage projects monitoring and controlling which is used to measure the project
performances and progression as well as also ensure that all are happening according to the plan
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of project management or not (Williams et.al, 2017). In this, the project manager uses the tool of
key performance indicator that is used in determining either the project is on the track or not. At
last stage is the project closure represents that the project is completed in effective manner or
not. It includes the time, cost, outcomes, resources etc.
Figure 1: Project management stages
(Source: www.smetoolkit.org, 2019)
Project aim
Currently, the project main aim is to determine the several factors like business success chances,
finance sources, business plan, legal issues, target customers, start up options and globalization
impact towards business success and growth. Also, the project main aim is to effectively prepare
the methods, plan and strategies which Tesco will use for the start-up of its branch in the UK as
well as also cover the market area where the organization need to spread and expand its business.
Objectives
 Main objectives of the project are to determine the globalization impact on Tesco and its
functioning because the Tesco is planning to enter in the new global economy.
 This has an objective to determine and analyse the several factors like business success,
legal issues, growth opportunities, finance sources, target market, globalization impact
towards business operating.
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 The main objectives are to develop the appropriate strategies and plans which helps an
organization to implement its business successfully in a new economy which will further
ensure in the long term growth (Kriesler and Nevile, 2016).
 Also, conducting the research through effective methods of the research helps the
business to collect reliable and accurate data in context to competitor availability, market
demand, technology and trend and the factors which are impacting toward business
growth and success.
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P2: Produce a project management plan that covers aspects of cost, scope, time, quality,
communication, risk and resources.
Tesco is the large multinational groceries all around the world that is measured by a ninth largest
retailer and gross revenues in a world and it is measured by the revenues so for this there is a
need for preparing the effective plan of project management which will ensure in proper business
growth and success in new economy globally. Also, the project is focusing mainly on
determining the several factors that are influencing business functioning in a new market and
also need to implement the business strategies which are successful in reducing the negative
impact as well as providing the globalization benefits too (Homann, 2016).
Project management plan
Scope: the Main scope of the project is to develop an effective understanding of Tesco about
globalization impact which can either negatively or positivity influencing the business success
and execution in a new global economy. Also, the scope of the project is to address Tesco along
with globalization benefits such as sufficient resources availability, business expansion and a big
share of the market at an international level.
Project Cost: The project cost identification is necessary for an organization which includes the
cost of human resources, technical cost and financial cost which incur the business project
several activities and this is estimated as that the project incur £28,000.
Table 1: Project Cost Budget
Time: The most essential for completing
the activities on time is the proper time
management which ensures the success of
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Project requirements Cost (£)
Project researcher and team 10000
Conduct research 3000
Information and data
collection
2000
Findings and analysis 3500
Hardware and software 4000
IT resources 2500
Strategy preparation and risk
identification and
3000
Total Cost £28,000

the business project because the several activities of the business project performances require
the time which ensures the accomplishment of the task and activities successfully (Kerzner and
Kerzner, 2017). This is estimated that the project takes 10 weeks for accomplishing of the
activities on time and the project manager has a duty to distribute the activities of the project at
different intervals.
Table 2: Milestone project plan
Activities/
weeks
1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th
Meeting of
stakeholder and
their ideas and
suggestions
Selection and
discussion of
topic of the
project
Aims and
objectives of
the project
Scope analysis
Project
management,
research team
and team
appointment
Project plan
rough creation
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Time
scheduling and
cost budget
creation
Identification of
the risk and
finding the
solutions
Research
conduct by
using an
effective
methods of the
research
Data analysis
and findings
Final
conclusion
Business
project
accomplishment
Quality: The project quality management ensures that the business project is accomplished
successfully or not and the project quality is achieved through the optimum use of technical
resources, human resources and financial resources. The quality is managed by making the Gantt
chart, work breakdown structure and milestone plan which helps in managing the project
activities effectively.
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Risk identification: This is necessary for determining the various risk elements which are
involved in the business project performances that incur the time management and cost risk
which is overcome by Gantt chart, milestone and a proper making of the cost budget. The risk
can be managed by applying the risk management strategies which the project manager uses in
their project. It includes four strategies that are reducing it, avoid, transfer it and accept it
(Fleming and Koppelman, 2016).
Resources: Tesco requires several resources for managing the project such as financial, human
and technical resources to effectively implement the plan of the project and also perform the
different activities of the project successfully.
Communication process: The business project effective management is achieved through
establishing the appropriate channel of communication in which the project managers,
researchers, employees and stakeholders will communicate the project strategies and plans
effectively through text messages and emails on mobile phones and computer.
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