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D/508/0491 Managing a Successful Business Project Regent college Level 4

Introduction

A Project can be defined as a set of work assigned to a group of people working in an Organization to fulfil the desired goal with in the specified time allocated (Kerzner, 2013 ). It is characterized by some unique qualities like having interdependent activities which is performed by the allocated team members. The task may be uncertain and full of risk also. The project management is the process of designing , supervising and managing all the activities involved in the project(Meng, 2012).

The present report is based on the Allan Reeder Limited that aims to do work regarding corporate social responsibility for maintaining its importance for sustainability and competitive advantage. The CSR is aiming to ensure that companies conduct their business in a way that is ethical. This means it is taking account of their social, economic and environmental impact, as well as considering the human rights.

The report is explaining the production of a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources. This also produce a work breakdown structure and Gantt chart to provide time frames and stages for completion reflecting the value of undertaking the research to meet the desired objectives.

Tasks

Devise project aims and objectives for a chosen scenario

Aims: The project focus to manage a successful business project by reflecting the corporate social responsibility (CSR) and the benefits of following it.

Objectives: The CSR ( corporate social responsibility ) is defined as the voluntary commitment of businesses that tries to incorporate the organisation practices achieving its goal by making and following some rules and regulations in terms of companies. The rules governed by them are following:

  • It tells that every company should do their businesses by keeping the moral values .
  • The company should take care of the cultural, commercial and geographical impacts and considering the human rights.
  • The human rights are moral principles that explores some standards of human actions and are continuously protected as legal principles in municipal and intercontinental law.
  • It posses a range of tasks in favour of the workers involved in any businesses by stop ending activities like the working in partnership with local communities, socially responsible investment, improving contacts between employees and customers, protection of environment and its sustainability.
  • There exists some businesses which have the main motto of accomplishing the social goals opposing those that tries only to meet the financial benefits. Such businesses are called social enterprises.

This process includes stakeholder analysis, the inclusive plan framing including the market place by understanding the surroundings and problems.

  • It maintains the wish to do best as an corporate i.e. doing leadership.
  • It establish a network to guard the entrepreneur in management's impact.
  • It makes communication possible by grasping the activities which bring profits to the organisation.

The project deals with the management of business of the Allan Reeder Limited corporation with the help of CSR i.e. corporation social responsibility (Baiden and Price, 2011). This project's objective is to manage the projects of the enterprise by following its rule like maintaining the ethical values within the businesses. Social, economic and geographical impacts including the standard of human rights are considered too. The activities like partnership among the local communities, investments which is done socially, communication between consumers and employees, etc. are managed by the CSR only. The CSR also insures the protection of environment and the workers (Doloi and Sawhney, 2011 ). So, the company should follow the legislative rules laid by CSR in order to make highest turnover.

The project management process covers the aspects of cost, scope, time, quality, communication, risk and resources . These all factors impacts a negative as well positive image on the production of the product. The research methodologies comprises of a list of activities like defining the objective and aim of the project, initialisation, motoring and controlling of the production's issues, as well as the execution of the project. This is reliable and accurate as per the project.

project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources

Project management plans are used by the project holders in order to solve the difficulties which are coming during its implementation and execution. There are three restraints present in this plan that are listed below:

Time: Time is a critical factor which can't be controlled. The activities involved in a project can take less or more amount of time to end depending on the number of workers involved in that task. Their personal experience and wisdom also affects. The projects which are completed after crossing the deadline generates a negative effect (Idemudia, 2011).

Cost: Certain budgets are made in order to implement a projects. So, managers as well as organisation should execute the project with in the specified budgets.

Scope: This shows the output of the project which are addressed by the project team. The team head ought to manage the scope as well as future alteration done with that because it affects both time and costing of the project(Jeston and Nelis, 2014).

Quality is not the part of project management but this is the motto of every delivery.

Project head determines that the best quality is achieved by high costing. So, the use of bad quality resources hinders the overall production as the works are not done at the allotted deadlines. So, the quality is most wanted characteristics of the projects.

The management of project includes various steps which are following:

Defining the project: Firstly the aims and objectives are defined in order to make successful projects.

Initiation: Before starting the projects the resources as well as the plans are made. This is called initiation of the scheme.

Planning: This includes the schemes which are developed in order to run the plans or projects. Time, cost and scope are focussed here.

Execution: This process comprises of all the work done by the co workers and it also gives the outcome of th

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