Unit 6 managing a successful business project assignment sample

College of Banking and Financial Studies Assignment Brief – BTEC Higher National Diploma in Business (Level 5) Assignment 1 Student Name /ID Number Unit Number and Title Unit 6 : Managing a Successful Business Project Academic Year Spring 2017 Unit Assessor Dr. Madhava / Dr. Omer I. V. Name Dr. Labeeb Assignment Title Issue Date How to start up a socially responsible business 19th March 2017 th Formative Feedback Date 16 April 2017 Final Submission Date Submission Format: This assignment submission is in the form of written report performed by an individual and need to written in a brief, formal business style using single spacing and font size 12. You can make use of headings, paragraphs and subsections deemed fit to present the assignment in a very convincing manner. Your work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The total word count of the report should be around 2,500 words, but you will not be penalised for exceeding the word limit. Unit Learning Outcomes: LO1 Establish project, aims, objectives and timeframes based on the chosen theme. LO2 Conduct small-scale research, information gathering and data collection to generate knowledge to support the project. 1 Assignment Brief and Guidance: Scenario: Since long, Oman is heavily depending on its oil resources, which generate 84% of the government revenue (NCSI, 2016). This situation exposes the country to tremendous risk, particularly, when oil prices shrink. To overcome this, Oman vision 2020 and 2040 aimed to diversify the national economy and create more jobs to citizens through self-employment and entrepreneurship initiatives. Accordingly, many SMEs and youth funding schemes were developed to support and finance the graduate and youth entrepreneurs in the country. As a leading financial institution in the local market, Oman Development Bank continues its commitment to the Omani people by funding social responsible businesses, projects and implementing sound Corporate Social Responsibility (CSR) programmes. This includes loans for small investors with zero interest rate, tourism projects loans, and health, educational and agricultural and livestock and fisheries loans. For more details you can visit the Bank at http://www.odb.com.om/DevelopmentLoans.aspx Think that you have been employed as a Project Manager by the Development Bank, and you are required to initiate a business project which complies with the CSR commitment. Your project need to undertake any type of the following :1. Feasibility study, or 2. Creating a product/service for internal or external customers, or 3. An event planning. The project should involve small-scale research. You are required to keep notes of the project progress in a logbook. The logbook should include a record of what you did, when and what you were thinking and where things went wrong and what you did to overcome any unexpected results. You will also need to reflect on the success of the project and performance in a personal performance review at the end of the project. This written reflection should be around 500 words. A sample of logbook and personal performance review is attached as appendix. By using the above scenario, you need to submit a report covering the following tasks: 1. Devise project aims and objectives for the chosen project. 2. Produce a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources for your project. 3. Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages for completion of the project. 4. Produce a comprehensive project management plan, milestone schedule and project schedule for monitoring and completing the aims and objectives of the project. 5. Carry out small-scale research by applying qualitative and quantitative research 2 methods appropriate for meeting project aims and objectives. 6. Evaluate the accuracy and reliability of different research methods applied in the project. 7. Critically evaluate the strengths and weakness of different approaches to recruitment and selection, supported by specific examples related to the scenario.  Please do not forget to attach the logbook with the report. 3 Learning Outcome LO1 Establish project, aims, objectives and timeframes based on the chosen theme LO2 Conduct smallscale research, information gathering and data collection to generate knowledge to support the project Grading Criteria Pass Merit P1 Devise project aims M1 Produce a and objectives for a comprehensive chosen scenario. project management plan, P2 Produce a project milestone schedule management plan that and project covers aspects of cost, schedule for scope, time, quality, monitoring and communication, risk completing the aims and resources. and objectives of 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 4 M2 Evaluate the accuracy and reliability of different research methods applied. Distinction LO1 & 2 D1 Critically evaluate the strengths and weaknesses of different approaches to recruitment and selection, supported by specific examples.