Managing a Successful Business Project
Essay by Diksha Jain • August 30, 2018 • Research Paper • 5,568 Words (23 Pages) • 1,357 Views
Managing a Successful Business Project
Table of Contents
Introduction 3
Task 1 4
P1). Devise project aims and objectives for the chosen scenario. 4
P2). Produce a project management plan that covers the 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 of completion. 6
M1). Produce a comprehensive project management plan, milestone schedule and project schedule for monitoring and completing the aims and objectives of the project. 9
Task 2 10
P4). Carry out small-scale research by applying qualitative and quantitative research methods appropriate for meeting project aims and objectives. 10
M2). Evaluate the accuracy and reliability of different research methods applied. 12
D1). Critically evaluate the project management process and appropriate research methodologies applied. 13
Task 3 14
P5). Analyze research and data using appropriate tools and techniques. 14
P6). Communicate appropriate recommendations as a result of research and data analysis to draw valid and meaningful conclusions 20
M3). Evaluate the selection of appropriate tools and techniques for accuracy and authenticity to support and justify recommendations. 21
Task 4 22
P7). Reflect on the value of undertaking the research to meet stated objectives and own learning and performance. 22
M4). Evaluate the value of the project management process to meet the stated objectives and support own learning and performance. 24
D2). Critically evaluate and reflect on the project outcomes, the decision- making process and changes or developments of the initial project management plan to support justification of recommendations and learning during the project. 25
Conclusion 26
References 27
Introduction
In the current era, digital technology is playing a tremendous role in enhancing the business structure of many organizations. This report will discuss the impact of mobile technology on the small and medium enterprise of the United Kingdom. In the context of the topic the company which has been selected is Knomo. Mainly, Knomo is the UK based SME which manufactures handbags made from the highest quality material. 50 employees are working within the working environment and its overall turnover is £3.3m. This report will assist in explaining the objective, aims, project plan and other aspects of the organization. The small-scale research on the qualitative and quantitative methods will be done by the organizational researcher for attaining the stated goals and objective of the firm. In addition to this, the report presents a questionnaire survey with the selected respondents which will help in finding the effective outcome for the research. The recommendation will be made regarding the enhancement of the research project.
Task 1
P1). Devise project aims and objectives for the chosen scenario.
Topic- The impact of mobile technology in supporting the business growth and innovation-the case study of Knomo
Background of the study
The project report provides on various methods and technologies that will be used by the researcher in order to attain the aims and objectives. Apart from that, the researcher is required to consider the various factors such as cost, time and resources that will be required while conducting the research work.
The aim of the project
The main aim of the research project is given below:
- To adopt mobile technology for smoothing the selling process of Knomo
- To analyze the impact of mobile technology on the working environment of Knomo(Tseng, 2012).
- To reduce the selling expense by the use of mobile technology
- To offer the new and innovative product through mobile technology(Schwalbe, 2015)
The objective of the project
The main objective of this project is listed below:
- To support in the innovation and growth of the organization(Tseng, 2012).
- To provide effective recommendations and conclusion for the stated topic
P2). Produce a project management plan that covers the aspects of cost, scope, time, quality, communication, risk, and resources.
The project management plan is the essential characteristic which helps in attaining the objective and aim of the research effectively and efficiently. For the conclusion of the research project, the researcher needs to cover the following aspects:
Cost- The researcher needs to focus on the cost management process of the research because this resource and other essential data can only be extracted from this (Kerzner and Kerzner, 2017). The cost estimation of the overall project will assist in attaining the goals and objective of the firm. The overall cost required for the success of the research project is £3500.
Scope- The scope of the research project is that the outcome of this research project can also be used for the further success of the research project in an effective and efficient way. The scope of the research is very broad which covers various aspects.
Time- Time administration is one of the imperative factors which help in the success of the research project. With the help of effective timing, the researcher will be able to complete their work before the deadline. The time required for the completion of the research will be 5-6 months as this is because the development and testing process of mobile application requires more time.
Quality- The quality of the overall research venture relies upon the gathered assets and data information. It is important that the research needs to be done by a professional expert so that the quality of the project will be maintained.
Communication- Communication is the basic requirement of the research. Through this, the researcher can easily be able to convey the aims and objectives of the research to the organization and target customer as well.
Risk- The researcher needs to develop risk management plan for reducing the negative impact of the collected resources and data (Kerzner and Kerzner, 2017).
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