Managing a successful business project

P1 Establish project aims, objectives and timeframes based on the chosen scenario.

A project management is the application of technical knowledge, skills, models and management of resources to achieve a goal.

This involves identifying the objective and what would determine successes and how this would be measured. Carrying this out would involve checking the scope of the project. This is made up of 3 elements. Time, cost and quality.

A successful project has 5 key stages. This is as follows:

- Conception and initiation

- Project definition and planning

- Execution

- Performance and control

- Project close

The first stage is where ideas are raised and examined to see if they are through to be effective.

If the project is viable, this would go on to defining stage. This is where the project would be would be clearly defined by producing the necessary documents such as a budget, risk analysis and an overview. This is known as a project charter.

Once the planning phase is completed, the project will now commence. A plan to execute the project will be laid out with a team recruited to fill the necessary carry out the project.

After the commencement, the project must be monitored to ensure that it is in line with the charter and achieve its goal. This will be done by checking the time scale, budget, scope, use of resources etc.

The close of the project involves a review of the project to see if there was any unexpected issues or situations that can be learnt from as well as assessing the impact of the choices made to better plan in the future.

The aim of the project is to perform CSR duties for achieving different financial claims.

The objectives of Waitrose are: better performing partners, financial sustainability and proper human resource.

References:

https://www.apm.org.uk/resources/what-is-project-management/

http://www.projectinsight.net/project-management-basics/basic-project-management-phases

P2 Produce a project management plan that covers aspects of cost, scope, time,quality, communication, risk and resources in the context of CSR at Waitrose.

The scope is one of the most vital step in a project plan because is the support for the project process by describing and agreeing with stakeholders.

The Scope Statement clearly describes what the outcome of the project will be. It is the basis for getting the buy-in and agreement from the sponsor and other stakeholders and decreases the chances of miscommunication.

This document will most likely grow and change with the life of the project. The Scope Statement should include:

- Business need and business problem

- Project objectives, stating what will occur within the project to solve the business problem

- Benefits of completing the project, as well as the project justification

- Project scope, stated as which deliverables will be included and excluded from the project.