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Unit 6 Managing a Successful Business Project | HND Business

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Aim of Unit 6 Managing a Successful Business Project | HND Business

LO1 Establish project aims, objectives and timeframes based on the chosen theme

Project management can be defined as a comprehensive practice that includes planning, initiating, executing and controlling specific works within any business project. These steps are generally taken for meeting certain goals and objectives. One of the main advantages that project management produces that it helps individuals to gain a proper idea of developing essential stages of work. One of the essential works is creating project aims and objectives and further developing project plans accordingly. Project planning includes cost, time frame, quality, risks and changes within the project. The work-breakdown structure is mainly developed for determining project phases and estimated time as per these. Managing a Successful Business Project

LO2 Conduct small-scale research, information gathering and data collection to generate knowledge to support the project

It is a kind of phase in which project plans are generally executed by the researchers. Various essential methods are taken by them such as data collection, material resourcing and more. This phase is needed to be critical and argumentative. In the data collection method, primary and secondary research can be incorporated. Within the primary part, qualitative and quantitative methods are applied which are based on interviews and survey processes respectively. The overall data collection is based on a field-work procedure in which sampling techniques are undertaken properly. It certainly helps them to meet their desired aims and objectives. Researchers need to ensure the validity and reliability of the collected data for a project. Managing a Successful Business Project

LO3 Present the project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and/or analysis

This part is based on presenting the outcomes of the data through ideal data analysis. Researchers need to consider several verbal and written methods as well as various mediums such as presentation, report and others for analysing the overall data. Convincing arguments are needed to prepare for developing and presenting ideal findings or outcomes of a project. Along with these primary and secondary data must be critiqued by an objective frame of mind. Managing a Successful Business Project

LO4 Reflect on the value gained from conducting the project and its usefulness to support sustainable organisational performance

In this part, the concerned individuals are needed to have a perfect reflection on the understanding of their overall project performance. It can be done by evaluating overall processes in a project such as market research, data collection, analysis, and others. A proper cycle of reflection should be maintained by them where reflection should be included within the actions they take. It generally avoids generic views and focuses on individual development in a critical way. Managing a Successful Business Project

HND Assignments

Learning Outcomes Unit 6 Managing a Successful Business Project | HND Business and Assessment Criteria

PassMeritDistinction
LO1 Establish project aims, objectives and timeframes based on the chosen theme 
P1 Devise project aims and objectives for a chosen scenario.
P2 Produce a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources.
M1 Produce a comprehensive project management plan, milestone schedule and project schedule for monitoring and completing the aims and objectives of the project.D1 Critically evaluate the project management process and appropriate research methodologies applied.
LO2 Conduct small-scale research, information gathering and data collection to generate knowledge to support the project.
P3 Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages for completion.
P4 Carry out small-scale research by applying qualitative and quantitative research methods appropriate for meeting project aims and objectives.
M2 Evaluate the accuracy and reliability of different research methods applied. 
LO3 Present the project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and/or analysis. 
P5 Analyse research and data using appropriate tools and techniques.
P6 Communicate appropriate recommendations as a result of research and data analysis to draw valid and meaningful conclusions.
M3 Evaluate the selection of appropriate tools and techniques for accuracy and authenticity to support and justify recommendations.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 the justification of recommendations and learning during the project.
Links

This unit links to the following related units:

Unit 9 Systems Analysis and Design
Unit 8 Management of Projects
Unit 7 Research Skills
Unit 6 Management in Information Technology
Unit 5 Emerging Technologies
Unit 4 Project Design Implementation and Evaluation
Unit 3 Employability and Professional Development
Unit 2 Computer Systems
Unit 1 Business Skills for e-Commerce
Unit 46 Social Media Practice
Unit 45 E-Commerce & Strategy
Unit 44 Pitching and Negotiation Skills
Unit 43 Tapping into new international markets
Unit 42 Planning for growth
Unit 41 Brand management Assignment HND
Unit 40 International marketing
Unit 37 Consumer behaviour and insight
Unit 38 Customer value management
Unit 39 Sales management
Unit 47 Business Intelligence
Unit 34 Business Systems
Unit 35 Developing Individuals, Teams and Organisations
Unit 33 Business Information Technology Systems
Unit 32 Business Strategy
Unit 31 Statistics for Management
Unit 30 Taxation

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