Report on Swinburne University Project

Swinburne University Project

Business Background and Requirements of Swinburne University Project

The Swinburne University of Technology is among the top most rated universities in the world. The organization is providing its educational services in various fields of life including business education, law, and other social sciences subjects. Reflecting on given client briefing, the Swinburne University of Technology is the pioneer institute in the history of business education that provides worldwide educational services concerning leadership, entrepreneurship, and industry based learnings. Business capstone units are interested to encourage innovativeness in the educational systems to improve the learning experiences of the students. The institute has made a plan for a project of business capstone units in Australia. Regarding this, a project is aimed to be started in 2020. Following business unit capstone will promote innovativeness and entrepreneurship in the students to draw positive and long lasting impact on the society. External environmental analysis including political factors, economic and social factors will have an impact on its outcomes. Although, marketing and affordable pricing strategy for the educational services will reduce competition and encourage success.

The project is bounded to the international market. Business Capstone Experience of Swinburne will offer its services to the geographical segments of Australia as well as other developed countries around the world. The online educational services (e.g. Swinburne online learning (SOL) and services of Open university Australia ) will be made available for the international students across the globe. Therefore, the project scope is concerned with the global market.

There are some assumptions which need to be focused by the project management team to ensure successful implementation of this project. First of all, while developing blueprints of the projects, the project team will consider multiple modes of Capstone units including FPT University, Open University Australia (OUA), and Swinburne Online Learning (SOL). Although, the university will need to get licences for legal concerns of the institute. These business capstone units will also serve all over the world to promote advanced education and skills learning in the students. The project is specifically focused on an advanced and innovative learning system for the students of the business school at Swinburne University. Moreover, another important requirement of this project is to accomplish the strategic plan of Swinburne University (2025). The business and law faulty has developed a unit strategic plan 2019-2021 under which students will be offered competitive study packages and learning programs to increase their knowledge and encourage them for industrial practices after getting graduation and under graduation studies at the business capstone.

 In past, University introduced two types of Business School capstone units including BUS30024 (Advanced Innovative Business practice) and BUS 300009 (Industry Consulting Project). Among these capstone units, BUS 300009 (Industry Consulting Project) was primarily focused on practical knowledge and advanced skills learning in the relevant field of study. Considering the objective of an increase in the professional experience of students, the university makes sure to provide a realistic industrial work opportunity or research projects. While on the other hand, BUS30024 (Advanced Innovative Business practice) as the primary business capstone unit provides field specific knowledge to the students. This capstone unit is designed to provide theoretical knowledge and information to the students. Somehow, now client briefing explains that new business capstone unit should be more innovative and effective than these old business capstones as now the Swinburne University of Technology has to outpace in the industrial sector as well as the competitive educational system in the market of Australian and other countries where campuses are established for distance and formal learning classes. Consequently, it can be said that the following list contains the majority of project requirement that need to be considered by us to suggest a better solution for our valuable client without compromising on quality and educational standards.

1)      Suggest an innovative solution for the Swinburne University of Technology (Business and Law School) while taking into considerations the strategic plan of 2025.

2)      Propose the most relevant business studies capstone unit for the students by relating it to the previously established capstone units in the business and law schools.

3)      Providing a solution to the client by focusing on the content, design and assessment of capstone units.

Information Sources of Swinburne University Project

To work on this project, Swinburne University of Technology will need to have information. The research conducted on the targeted market and collection of information regarding client specifications will make management and course selection easy for the project management team and capstone unit suggestion team of the Swinburne University of Technology. Considering this requirement, in this section, we have discussed some identified sources of information. The information sources discussed below will address the key the client requirements. Moreover, the section also contains a list of the sources where such information could be obtained for the planning and implementation of the project. See the following links and sources for information collection.

1)      2025 Strategic Plan of Swinburne University Project

Source: https://www.swinburne.edu.au/about/strategy-initiatives/2025-strategic-plan/

The 2025 strategic plan is published by the Swinburne University of Technology at its official website. This source is an important information source for this project. The whole project of capstone business units directly depends upon this strategic plan. Following analysis, we are required to propose a solution that will be capable to accomplish the strategic plan 2025 or at least contribute to its achievement in the selected criteria. Without this information source, we cannot align our activities and project units with the actual goals and objectives of the client organization Swinburne University of Technology (Swinburne.edu.au, 2020).

2)      Strategic Plan 2019-2021 of Swinburne University Project

Source: https://www.swinburne.edu.au/business-law/about-us/strategy-2021/

The strategic plan 2019-2021 is also a very helping information source regarding this project as it consists of information which is highly demanded by the project in order of successful completion. The strategic plan source will have a role of guideline which will direct the whole project in the desired direction of the client's organization “Swinburne University of Technology” (Swinburne.edu.au, 2020).

3)      Advanced Innovative Business Practice

Source:https://www.swinburne.edu.au/study/courses/units/Advanced-Innovative-Business-Practice-BUS30024/local

The advanced innovative business practice source is an exemplary course for future capstone units. Advanced innovative business practice unit was also introduced to facilitate the already available business capstone units in the Swinburne University of Technology. Therefore, study and reviewing this source we can understand the actual requirements of client which will enable us to deliver desired outcomes to the client regarding this specific project of capstone unit in the business school of the Swinburne University of Technology (Swinburne.edu, 2019).

4)      Investigate and Design e-Business Solutions

Source: https://www.swinburne.edu.au/study/courses/units/Investigate-and-design-e-business-solutions-BSBEBU501/local

The source is containing information about a similar course offered by the same educational institute. By reviewing this course we can understand what kind of topics and interest areas are covered by similar courses to increase knowledge and enhance skills learning (www.swinburne.edu.au, 2020).

5)      1World1Way of Swinburne University Project

Source: http://1world1way.com/coach/ww_australia.html

This source is selected because of its content published on business school and subject-specific statistics in the market of Australia (1world1way.com, 2020).

6)      StudiesinAustralia of Swinburne University Project

Source:https://www.studiesinaustralia.com/studying-in-australia/what-to-study-in-australia/courses-in-australia/business-and-management-in-australia

Study in Australia provides information about business and law courses offered by other universities in Australia. Moreover, it also covers information about enrolments in online study programs (Studiesinaustralia.com, 2020). 

7)      OpenCollege of Swinburne University Project

Source: https://www.opencolleges.edu.au/careers/why-how-to-become-an-accountant

Open college is a website that is selected as an innovative source for this project as it contains important details regarding job opportunities and employment levels in accounting and other business-specific fields. Using this source, we would be able to understand the market requirement of offered courses (Opencolleges.edu.au, 2020).

8)      The Higher Education (THE)

Source: https://www.timeshighereducation.com/world-university-rankings/2020/subject-ranking/business-and-economics#!/page/0/length/25/locations/AU/sort_by/rank/sort_order/asc/cols/stats

This source is selected to obtain information about the subject statistics in Swinburne university of technology. According to analysis, currently, 14379 students are enrolled in the business school of this university with a ratio of 27% international students. Such statistics can enable us to understand the overall trend of enrollment and preferences of students (Timeshighereducation.com, 2020).

Skills Audit of Swinburne University Project

The section of skills audit contains a critical analysis of personal qualities and skills regarding this project. Following analysis, I am expert in finance and accounting courses. My numerical skills are excellent that enable me to understand the core concepts of accounting and finance easily as compared to fellow students. Although, my communication skills are also effective and improved which make me confident to interact and communicate with the clients and other professional entities without losing confidence and meaning. My communication skills and competence to resolve complex accounting problems bring me to the consultancy team to serve other SME companies and industrial sector with my experiences and knowledge. In accordance with my assessment, I am an extrovert person with a keen interest in learning new things and specifically multiple languages. I am expert in different languages which enable me to communicate appropriately with the clients of other regions with a different language from my home language. Reflecting on disciple knowledge, I would assess myself as an outperforming student. I am familiar with the core concepts and principles of my selected courses that not only benefit me in securing a good position among my fellow students but also help me to understand a field specific problem easily. Based on my knowledge and learning skills I am sure that I can provide innovative and creative solutions to clients for better business operations in the market.

Appendix of Swinburne University Project

Personal Learning Development Plan

Here the following table would represent my personal learning development plan. In this PLDP, I have added different columns displaying information about learning goals, challenges, and measures of success. The learning goals will be easy to accomplish if challenges associated with these goals are managed properly. Therefore, my primary attention would be on the reducing of challenges and support of appropriate solutions for an improved experience in the future years. See the presented below table:

Learning Goals	Challenges	Measures of Success
1)      The first learning goal is to promote time management skills in the three month duration.	1.      In my current selected educational program, very limited details are provided regarding time management skills development. Therefore I am facing a challenge in the development of this skill as a learning goal of business studies course.	The learning goal achievement will be considered as successful in case I become capable to manage my assignment deadlines and other project specific timelines during this time.
2)      The second learning goal is to learn the development of financial statements (e.g. change in equity statement, balance sheet, income statement and statement of cash flow) by using the international accounting standards published by GAAP, IAS, and IFRS in this semester.	2.      I would face several challenges regarding this learning goal. First of all, I would not spare out my time from my busy schedule to learn about these standards from researching on available research data at internet sites and literature books. Currently, in my academic books very limited information is given about international standard of accounting (IAS and IFRS) by GAAP institute. Therefore, I would face challenges regarding the limitation of time and available material to learn about international accounting standards and the application of these standards in the financial reports.	The learning goal will be considered as achieved learning goal in case I meet the basic requirement of learning international accounting standards for financial statements. I would take a personal assessment to evaluate my performance at least once in this selection duration and one at the end of the selected time duration to ensure the actual status of learning regarding this goal. Moreover, I would take an online test to measure my performance regarding this realistic goal for my bright career and professional learning.
3)      The third learning goal is to increase my skills in accounting software.	3.      Currently, accounting software is quite to use in the organizations therefore, I am interested to learn accounting software for better professional learning in the academic environment. However, the key challenge regarding this learning goal is my poor skills in learning new software and IT applications.	My success for this learning goal will be measured based on my performance and excellence in using accounting software (open access versions of software such as Quickbook software and many other). I would consider it a successful earning of goal if I would be able to work on software easily.