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5039 - Assignment 1 Frontsheet
5039 - Assignment 1 Frontsheet
5039 - Assignment 1 Frontsheet
Unit number and title Unit 6: Management a Successful Business Project (5039)
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that
making a false declaration is a form of malpractice.
Student’s signature:
Grading grid
P1 P2 P3 P4 P5 M1 M2 M3 D1 D2
Summative Feedbacks: Resubmission Feedbacks:
A. Definition of project........................................................................................................................................6
1. Initiating......................................................................................................................................................7
2. Planning.......................................................................................................................................................7
3. Execution.....................................................................................................................................................7
4. Closing.........................................................................................................................................................7
B. Deliverables.....................................................................................................................................................8
C. Acceptance criteria..........................................................................................................................................8
D. Project exclusions............................................................................................................................................8
A. Milestone.........................................................................................................................................................8
A. Definition, pros, cons and the chosen approach for the project......................................................................14
1. Survey........................................................................................................................................................16
2. Interview....................................................................................................................................................16
3. Sampling....................................................................................................................................................18
4. Interview Question.....................................................................................................................................20
X. Conclusion.........................................................................................................................................................21
XI. References.....................................................................................................................................................22
I. Introduction
The Covid-19 epidemic has had a significant negative influence on business conditions
throughout the world, particularly in the service sector, with a number of implications including a
sharp fall in revenue and supply chain disruption, among others. To follow the fashion Due to this,
firms must implement suitable plans to handle problems with consumers, cash flow, the supply
chain, the workforce, and digital support. A significant service company in Vietnam's Board of
Directors (BOD) hired him as an assistant to help them create strategies for various scenarios to
address their post-Covid-19 recovery needs in Vietnam, according to the newspaper. This report
will design a project study to identify potential hazards using information from research
methodologies, and then develop response tactics. Comprehensive project management plan with
information about the project's goals, timetable, quality, risk, and resources. For the long-term
success of a project and this company in the future, this study also examines the Project Lifecycle
(PLC).
2. Planning
The budget, timeline, and milestones, as well as the resources and necessary
documentation, will all be determined during the planning phase. Also, this step entails estimating
and forecasting risks, putting change management techniques to use, and creating communication
protocols. Choosing what to do with your forces is the planning phase, if gathering your troops is
the starting phase (Coursera, 2021).
3. Execution
A project's execution includes carrying out your plan and managing the team. For the most
part, this entails monitoring and measuring progress, maintaining quality, reducing risk, managing
the budget, and using data to guide your decisions. Specific steps might include: Monitoring job
progress with instruments like burndown charts or GANTT diagrams; Taking action when hazards
present themselves; tracking expenses; maintaining the focus and motivation of the squad; keeping
everyone involved in the process informed; incorporating modifications through change requests
(Coursera, 2021).
4. Closing
In the closing phase of the project management lifecycle, you’ll conclude project activities,
turn the finished product or service over to its new owners, and assess the things that went well and
didn’t go so well. It’ll also be a time to celebrate your hard work. Steps in the closing phase can
include: conducting retrospectives and making notes of adjustments you can make later; letting
stakeholders know when the project is finished and distributing an impact report; interacting with a
project's new owners; making a report to close out a project; celebrating the project's completion
and your accomplishments (Coursera, 2021).
B. Deliverables
The name of the project is the study of the economic resilience of the service industry. In
the past 2 years, the covid epidemic has affected the global economy, affected people's lives, and
caused heavy damage. Through this study, it is possible to assess and assess the economic
resilience of the service industry after Covid 19.
C. Acceptance criteria
Research paper must be less than 3,000 words plus 10%. Quoted in Harvard style. Use
subjects other than third person such as: they, their, author…
D. Project exclusions
The research paper has more than 3 thousand words plus 10%. Do not use the first person
like I, you, mine, etc. In addition, it must be clearly cited in Harvard 11 style when sourcing online
or from research sources.
Date Tasks
Conduct Validatio
Identify Define n and Identify Cross-Industry Risk
Define Scope Develop Conduct the Report Recommendation Knowledge Project Project
stakeholder Review Resilienc Analysis Assessment
Research and Researc Literature research and s Sharing Evaluation Closure
s Review e
Objectives Deliverab h Plan Document
Factors
les Collect ation Present the
Expectations the data research
budget
and timelines; detailing the findings
preparation; patterns
objectives of resources, resourcefulness adaptability research
Prepare
the methodologies, Analyze the methodology,
Time public profession industry
stakeholders and data research findings, stakeholders
data als
collection analysis, and
techniques. conclusions.
Write a
research
paper
C. Ganttchart (Project Schedule):
So, to be able to execute a project most successfully, first of all, for the risk of running out of time
or money, it is necessary to write down in detail what has been spent and have a timetable for what you
are working on. do. do and what you will do. In addition, to be able to ensure health during the
implementation of the project, please adhere to a clear sleeping and eating regimen, pay attention to safety
around, wear protective gear if necessary. Finally, there is the risk of weather, to ensure the quality of the
work is on schedule, it is necessary to check the weather forecast before leaving or organize an online
meeting on online platforms if necessary. These are the solutions proposed to reduce risks and ensure the
quality of the project goes on as planned.
Manage closely: Has little authority but a strong desire to see the project or choice through. Despite not
having much influence, they can have a negative impact on outcomes if they are not managed
appropriately. As a result, it's crucial to stay in touch frequently and put in place a strong management
system to make sure they don't have any plans to oppose or make the project difficult.
Keeping Satisfied: High authority and intense interest in the undertaking or choice are attributes of the
"Keep Satisfied" posture. can have a significant impact on the project's success and progress. Therefore,
it's crucial to keep them happy in order to secure their support and beneficial influence. It is essential to
keep persons in this position informed, work closely with them, and meet their needs and objectives.
Keep informed: in the "Keep Informed" position have less influence and little enthusiasm for the
undertaking or choice. Information must still be shared with them, even though they have little influence
or reason to care, in order to maintain openness and prevent unpleasant shocks. The project may receive
some support as long as this group is kept up to date on developments and outcomes.
Monitor: has little influence and less enthusiasm for the undertaking or choice in the "Monitor" position.
This group of persons has no bearing on the result and is not particularly interested in the project. You
should only occasionally touch base with this group to provide updates on your progress and outcomes.
b) Types
Online/Email: One of the most widely used survey research techniques
today is online surveying. Online survey research is incredibly inexpensive, and the
data it gathers is very accurate (QuestionPro, 2023).
2. Interview
a) Definition
A sequence of questions is asked during an interview to elicit information.
But during interviews, one interviewer speaks to one interviewee at a time in a one-
on-one verbal discussion. Interviews can be conducted over the phone, online, or in
person. Interviews take a lot longer than surveys because they are one-on-one
interactions. But they also have a number of benefits. They enable you to learn
more about specific areas of interest. While a survey is often static, interviewers
have the opportunity to probe more or elucidate a respondent's intentions.
Depending on the format, it may also be able to infer meaning from how someone
responds to and addresses inquiries by observing their tone of voice or other non-
verbal cues (surveymonkey, 2023).
b) Types
Interview that is structured: It includes questions that are listed in a preset
sequence. Because the questions and order are same from interview to interview, it
is simple to compare the findings. But because they are less adaptable, their range is
smaller and there are fewer opportunities to go further into particular subjects
(surveymonkey, 2023).
Unstructured Interview: There is more latitude in this interview. They let the
interviewer follow the conversation's natural flow and ask questions depending on
the candidates' responses. Unstructured interviews, however, make it simple to
unwittingly ask questions that influence the results. Unstructured interviews should
therefore be accompanied by someone knowledgeable about this kind of study
(surveymonkey, 2023).
According to these evaluations, both surveys and interviews are useful ways
for gathering data, but the interview research approach was particularly useful for
this workshop project. In this project, qualitative research was chosen.
b) Types
(1) Probability sampling
The probability sampling technique makes use of a random selection
technique. In this strategy, every eligible person has a chance to choose a
sample from the entire sample space. This approach takes longer and costs
more money than the non-probability sampling approach. The advantage of
probability sampling is that it ensures the sample will accurately reflect the
population (Admin, 2019).
4. Interview Question
No Question
1 Introduce yourself (Full name, hometown, age, hobbies)
2 Have you worked or been involved in the Service industry
before?
3 How would service industries respond to new dangers like
probable Covid-19 outbreaks in the future?
4 What is the current commercial potential for the post-Covid-19
service industry, as well as the difficulties that must be
overcome?
5 What fresh trends have emerged in the service sector since
COVID-19 that need to be developed by businesses?
6 How significant is the service industry both to domestic
economy and the global economy overall?
X. Conclusion
In conclusion, this study outlines the Services recovery plan research project, which will be a
crucial step in rescuing the sector from the COVID-19 pandemic's negative consequences. This project has
given useful insights into the current situation of the service industry and the actions that may be taken to
revive it through extensive research and analysis. Additionally, by involving several service sector
players, the initiative promoted teamwork and synergy, both of which are crucial for obtaining targeted
outcomes. It is evident that the recovery of the service sector following COVID 19 is quite rapid and
contributes to Vietnam's economic expansion.
XI. References
Admin (2019) “Sampling Methods (Techniques) - Types of Sampling Methods and Examples”, BYJU’S,
8th August, [online] Available at: https://byjus.com/maths/sampling-methods/#probability-sampling-
methods (Accessed May 31, 2023).
Adobe Communications Team (2023) “Project Quality Management: 3 Processes + Techniques, Adobe
Workfront”, [online] Available at: https://business.adobe.com/blog/basics/quality-management (Accessed
May 31, 2023).
Coursera (2021) “4 Phases of the Project Management Lifecycle Explained, Coursera”, [online]
Available at: https://www.coursera.org/articles/project-management-lifecycle (Accessed May 29, 2023).
QuestionPro (2023) “Survey research: Definition, Examples and Methods”, QuestionPro, [online]
Available at: https://www.questionpro.com/article/survey-research.html (Accessed May 31, 2023).
Research, A. (2020) “Pros and Cons Of Qualitative Research vs Quantitative Research”, Anpar Research
Ltd, [online] Available at: https://www.anparresearchltd.com/post/pros-and-cons-of-qualitative-research-
vs-quantitative-research#viewer-a36t1 (Accessed May 31, 2023).
Streefkerk, R. (2019) “Qualitative vs. Quantitative Research”, Scribbr, [online] Available at:
https://www.scribbr.com/methodology/qualitative-quantitative-research/ (Accessed May 31, 2023).
surveymonkey (2023) “Survey vs Interview for Research: Differences”, SurveyMonkey, [online]
Available at: https://www.surveymonkey.co.uk/mp/survey-vs-interview/ (Accessed May 31, 2023).