Devise project aims and objectives for a chosen scenario.
Unit 6
Managing a Successful Business Project
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P1
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Devise project aims and objectives for a chosen scenario.
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P2
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Produce a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources.
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P3
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Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages for completion.
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P4
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Carry out small-scale research by applying qualitative and quantitative research methods appropriate for meeting project aims and objectives.
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P5
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Analyse research and data using appropriate tools and techniques.
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P6
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Communicate appropriate recommendations as a result of research and data analysis to draw valid and meaningful conclusions.
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P7
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Reflect on the value of undertaking the research to meet stated objectives and own learning and performance.
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M1
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Produce a comprehensive project management plan, milestone schedule and project schedule for monitoring and completing the aims and objectives of the project.
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M2
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Evaluate the accuracy and reliability of different research methods applied.
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M3
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Evaluate the selection of appropriate tools and techniques for accuracy and authenticity to support and justify recommendations.
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M4
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Evaluate the value of the project management
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D1
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Critically evaluate the project management process and appropriate research methodologies applied.
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D2
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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.
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Globalisation
The OECD defines globalisation as the following. ‘’The geographic dispersion of industrial and service activities, for example research development, sourcing of factor inputs, production and distribution, and the cross –border networking of companies, for example through joint ventures and the sharing of assets.’’
The key implications of globalisation for business include:
• increasing trade across borders of goods and services,
• increasing levels of labour migration between countries,
• the emergence of global brands,
• greater outsourcing and offshoring of production,
• expansion of foreign direct investment.
Globalisation has also led to increasing competition and an economic and financial shift from developing to emerging economies. It promotes a sense of cultural awareness, international co-operation and global economic inter-dependency. Those multinational companies that are successful have had to devise and customise new strategies for doing business in emerging markets and implement new business models to stay ahead of the competition.
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