Assignment - Project Development and Implementation for Strategic Managers

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Assignment on Project Development and Implementation for Strategic ManagersUnit 17 Edexcel BTEC level 2 Extended Diploma in strategic Management and Leadership (QCF) Guildhall College, London

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Assignment TopicsAC (1.1) AC (1.2) AC (1.3) Analyze the factors that contribute to the process of project selection. Develop outline project specifications for the implementation of a new product, service or process. Produce a specification for an agreed project to implement a new product, service or process AC (2.1) AC (2.2) AC (2.3) AC (2.4) AC (2.5) AC (3.1) AC (3.2) AC (3.3) AC (4.1) AC (4.2) AC (4.3) AC (5.1) AC (5.2) Produce a project plan for an agreed project. Match appropriate resources to the project. Cost all resources required for implementing a project. Agree timescales for the management and implementation of a project. Plan an appropriate strategy for the implementation of a project. Implement a project in accordance with an agreed specification. Develop appropriate measures to monitor and evaluate progress and Outcomes. Monitor the implementation of the project. Analyze the outcomes of a project in terms of the original project specification. Evaluate the outcomes of a project. Make justified recommendations for improvements to the project. Produce a report of all project procedures used. Present the outcomes of the project to an audience using an agreed format and appropriate.

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Note: The Chosen Organization for the Assignment.Happy Heart Events Management Private Limited Happy Heart Events Management Private Limited, has organized more than hundreds events of various types, like Annual Dinner and Dance events, wedding and solemnization occasions, product launch functions, opening ceremonies, seminars, exhibitions and carnivals, which mostly involved 150 300 personnel per event. Our company, Happy Heart Event Management Pte Ltd, is a relatively new company that have organized more than hundreds events of various types, like Annual Dinner & Dance, Wedding & Solemnization, Product launching, Opening ceremony, Seminars, Exhibition and carnivals etc, which mostly involved 150 300 personnel per event. Our company provides customized, strategic event experiences where guests connect with our clients' brands and products in ways that are personally relevant and memorable. Our team offers the creative vision, professionalism, and event expertise to create winning events - with a constant eye towards detail, quality, originality and results. Based on devotion in our mission and jobWith high levels of professionalism and commitment, we are well-trusted by our clients. Building our good reputation of excellent planning and organization skills, this reputation comes with our experience teams of more than a decade of experiences and the project manager well versed skills in project planning and management. Our companys vision is to be the preferred event planning company in UK. Our current business strategy is to create a new market and as well as establish long lasting relationship with clients with a clear, well defined business plan, objectives and financial criteria. We provide total solutions for event ranging from all sizes, sophistication, and logistic supports to marketing and public relations function to ensure every aspect and component is strategically put in place to deliver the best results. With an equipment of good grasp of the strategic marketing and advertising skill, we will be able to understand and fulfill our clients expectations and requirements. Our company motto is to be responsive towards the queries and professionally address the issues that our clients have.

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We adopt a strategic design and planning process to attain the most satisfactory results with a well-managed timeline. With all the successes and experiences on small scale events, we are currently presented with the break-through opportunity of managing Hiticha Groups annual Dinner and Dance. Hiticha Group is an internationally reputable organization, this project will enable us to prove our capability in handling multi-national companys event. Also, this project will put our reputation to the toughest test.

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Table of Contents Task AC (1.1) AC (1.2) AC (1.3) AC (2.1) AC (2.2) AC (2.3) AC (2.4) AC (2.5) AC (3.1) AC (3.2) AC (3.3) AC (4.1) AC (4.2) AC (4.3) AC (5.1) AC (5.2) Topic Analyze the factors that contribute to the process of project selection. Develop outline project specifications for the implementation of a new product, service or process. Produce a specification for an agreed project to implement a new product, service or process Produce a project plan for an agreed project. Match appropriate resources to the project. Cost all resources required for implementing a project. Agree timescales for the management and implementation of a project. Plan an appropriate strategy for the implementation of a project. Implement a project in accordance with an agreed specification. Develop appropriate measures to monitor and evaluate progress and Outcomes. Monitor the implementation of the project. Analyze the outcomes of a project in terms of the original project specification. Evaluate the outcomes of a project. Make justified recommendations for improvements to the project. Produce a report of all project procedures used. Present the outcomes of the project to an audience using an agreed format and appropriate. Reference Page 6 7 8 12 16 18 19 21 23 25 27 29 30 31 32 34 35

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AC (1.1): Analyze the factors that contribute to the process of project selection. Technological factor Advances in technology can help improve productivity of labor, also as reduce transportation costs, distribution costs, communication costs and production costs. Examples of it include changes that affect the production and distribution of a product or services. Economic factor Economic factor affects the overall consumption and investment in a business. A stable economy attracts firms that wish to do business. An unstable economy however increases business risks and even deters investment. Examples of it include national income, taxation policy, foreign exchange policy, inflation rate, etc. Physical factor It refers to the physical location and natural environment which directly affects the economic development of the countries or a region. A favorable physical environment with well-planned infrastructures likes the airport and transport facilities can attract firms. Social and cultural factor Social factor affects the productivity and labor supply. Examples of it include the population structure, language ability, education level, etc. Cultural factor affects trhe taste and preferences of costumers. Examples of it include whether a country encourage women to go out and work and emphasis on virtue of hard work. Political factor This is related to the political system, laws and regulations of a country. Political systems can be classified as authoritarian and democratic. Laws and regulations' examples include licensing laws, customer laws, and labor laws, and licensing regulations. A country with sound legal system and stable political condition can attract investments as it enhances investors' confidence.

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AC (1.2): Develop outline project specifications for the implementation of a new product, service or process. Hiticha Group is a well-known multinational organization which specialized in manufacturing electronic products for the retail market. With a budget of 120,000, Hiticha Group has decided to shortlist our company as the most potential event company to manage their 15th Annual Dinner and Dance event. With clients endorsement, it will be named the Starry Starry Night!!!! The objectives for this project are to provide our new client an extraordinary Annual Dinner and Dance, and to make an impression in our client for future engagements for our services. With the organizational commitment from top management to the team members, it lays the fundamental structure for the project manager to develop and execute the project plan.

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AC (1.3): Produce a specification for an agreed project to implement a new product, service or process. Scope of the Project: Hiticha Group is a well-known multinational organization which specialized in manufacturing electronic products for the retail market. Hiticha Group head-quarter is based in Japan with more than 10 overseas branches. UKs regional office deals with marketing, sales and service support etc. In December 2011, Hitichas UK office will host their 15th Annual Dinner and Dance event, gathering approximately 500 staffs including clients, partners as well as business associates. With a budget of 120,000, Hiticha Group has decided to shortlist our company as the most potential event company to manage their 15th Annual Dinner and Dance event. From the initial understanding, Hiticha Group will like to conceptualize their dinner and dinner as per their latest marketing campaign Like The Shooting Star. We are tasked to create a theme that chosen embraces grandeur and glamour at a beach environment, where the party will start from evening till the end. The underlying mission is to create an environment, filled with special activities. We hope to provide all guests and staffs with the experience of an extraordinary starry beach night and indulge in the wonderful and splendid performances organize by our company. With clients endorsement, we will name the event Starry Starry Night!!!! Objective of the project: Our objectives for this project are to provide our new client an extraordinary Annual Dinner and Dance, and to make an impression in our client for future engagements for our services. This project will be the critical stepping stone for our company to gain more market share. The top management of the company will select th