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5039 GBS210986 Asm1
5039 GBS210986 Asm1
5039 GBS210986 Asm1
Unit number and title Unit 6: Management a Successful Business Project (5039)
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REFERENCES --------------------------------------------------------------------------------------------------------------
I. PROJECT LIFE CYCLE.
1. Definition
The sequence of phases through which a project moves is known as the project lifecycle. Depending on the
company and the project type, the cycle's phases and order may change. Yet, as they are a component of a
project, they must adhere to schedule constraints and have a clear beginning and finish. Regardless of the exact
work involved, the lifecycle provides the fundamental framework for the actions that must be carried out in the
project. (Adeaca, 2020)
2. Initiation
The project begins with the project initiation. A feasibility study, defining the scope, identifying
deliverables, identifying project stakeholders, developing a business case, developing a statement of work, and
possibly establishing initial costs, a price range, and a timeline for the work to be done are just a few of the
many sub-activities that may be involved. (Adeaca, 2020)
3. Planning
After project's initiation phase has been approved, planning begins. A project plan must be created during
this phase, detailing the activities, timeline, available resources, and project constraints. This phase also involves
developing the project's budget. At this stage, risk should also be expected and assessed, and mitigation
strategies should be developed. (Adeaca, 2020)
4. Carrying out
The task is completed during this stage. Task owners get to work, and the project manager makes sure
everything gets done on time and smoothly. This phase includes a significant amount of monitoring and
controlling (managing the work and finances), as problems will inevitably develop and require prompt
modifications as the project moves forward. (Adeaca, 2020)
5. Closure
The project is concluded once the team has finished all of the tasks and the project owner has verified that
all deliverables have been finished. All paperwork is given to the project owner and, if necessary, an ongoing
maintenance company. The project's performance is then examined to see whether the project's objectives were
achieved. (Adeaca, 2020)
II. BUSINESS CASE: MY YOUTH IS YOU
1. Introduction/ Background
The COVID-19 epidemic has damaged many industries throughout the world over the last two years,
slowing economies in unprecedented ways and affecting people's lives in a number of ways. The entertainment
business is no exception, particularly in the case of K-Pop. Measures to prevent the spread of the virus, such as
social isolation, travel restrictions, event cancellations, and concerts forced to cancel completely, made fans
regret and feel sympathy when they were unable to see their idols. As a result, Bighit company, the management
company of the top group BTS, conducted a worry session in Ho Chi Minh City with the title "My youth is you"
with the goal of building a near connection between fans and their idols.
2. Business objective
During the two years of the COVID-19 pandemic, many idol-related worries and events had to be canceled
due to the required infection, leaving fans feeling estranged from their idols. Followers can only see their idols
through images on social media or videos on YouTube, and genuine interaction between fans and idols is
generally prohibited. "My youth is you" is a project that will transport fans back to a time when their favorite
stars were joyful and shouting, in an effort to recreate this experience for fans and idols.
Attracting foreign tourists and expanding the tourism industry in Vietnam
According to the General Statistics Office, due to the COVID-19 pandemic, only 3.7 million foreign
tourists visited Vietnam in the first four months of 2020, a 37.8% decrease from the previous year (GSO). This
figure was only 262,000 in April, a decrease of 94.2% from March and 98.2% from April of last year.
Furthermore, air arrivals accounted for 80.7% of total arrivals, representing a 35.9% decrease (Vietnamnet,
2020). Following the implementation of social distancing measures, many domestic tourist attractions have
reopened to welcome visitors, especially on April 30 and May 1. According to the General Statistics Office
(GSO), Vietnam has received over 3.36 million foreign visitors this year, a 23.3 percent increase over last year
(Vietnamnews, 2022). Hopefully, through this campaign, foreign tourists will recognize and thrive once more.
3. Current Situation and Problem/ Opportunity Satement
3.1. Current Situation
Demands for outdoor entertainment after quarantine: After the two-year lockdown because of the Covid-19
pandemic, people are looking forward to outside interests. When the Government allowed inhabitants to go
Xout normally with some compel rules. According to VNA (2022) after a long pause owing to the COVID-19
epidemic, several programs and camps in Ho Chi Minh City are resuming this summer to entertain and educate
youngsters, these activities and exposure to nature help children develop their thoughts, emotions, knowledge,
and abilities.
The influences of K-pop in Vietnam: K-pop has appeared in Vietnam since the 90s. Nowadays, the young
Vietnamese generations have various public activities that encourage this industry. Even when the Covid-19
pandemic was attacking, K-pop fans also connected to their artists through social platforms. Most online events
and concerts are also organized to satisfy the audience's demand for K-Pop groups. Thanks to technology and
the internet, fans and artists are closer than ever (Linh, 2022). BTS seems to be one of the most popular bands
for Vietnamese fans, so their concert will be successful when it is held in Vietnam.
3.2. Opportunity
- This is an opportunity that the fans can access to their idol, by the way introducing Vietnam’s beauty and
culture to foreigners.
- Greeting and communicating with BTS.
- Entertaining after a long-time stay at home.
3.3. Problem
- BTS’s fans in Vietnam are overwhelming, which led to finding a place large enough to accommodate the
participants.
- Too crowded for an event.
- Following the regulations about crowded places at the request of the Government.
Critical assumption
Constraints
Option 1: The basic condition for organizing a concert is held in a large outdoor space. Thong Nhat stadium
located at District 10, the area has convenient traffic in HCM city, with a capacity up to 40000 people. It is also
easier for making up the stage.
Option 2: If not held outside, we consider performing in Hoa Binh Theater indoor place suitable for many
numbers of people, nearly 5000 seats.
➢ Recommendation: Thong Nhat Stadium will be the best idea for this event. The stadium responds to
requirements about superficies, atmosphere, and the number mainly.
3. Preliminary Project Requirements
- All event activities, including the schedule board, the event location, the event items, and the event
equipment, must be approved and properly licensed.
- Preparing the translator for BTS.
- The event's costs must not exceed the budgeted amount.
- To protect the safety of the performers and the audience, the event must have a stringent security crew.
- To encourage the artist’s arose requirements.
- Set up the stage in which the artist can connect to their fans, and the devices animate the demonstration.
Besides, the backstage is also important where performers dressed up for their performances.
4. Budget Estimate and Financial Analysis
The planned project would cost 8.000.000.000 VND and will take one month to complete. The project's key
resources include technology, event management, marketing, media, design, and other things.
Media advertising
Video editing
Total 8.000.000.000
Type of seat Estimated
Zone A 9.900.000
Zone B 8.700.000
Zone C 8.000.000
5. Schedule Estimate
6. Potential Risks
- Focus on lighting, speakers and stage equipment.
- The stage must be safe to avoid explosive devices and set up fire suppression equipment.
- Keep an eye on the weather to prevent hazardous weather conditions
• Specific criteria
Summary of Project Deliverables: Project management-related deliverables: business case, charter, team
contract, scope statement, WBS, schedule, cost baseline, status reports, final project presentation, final project
report, lessons-learned report, and any other documents required to manage the project.
Product-related deliverables: research reports, design documents, software code, hardware, etc.
4. Permits and reports - Inspection report, setup report, organization license public events, insurance, progress
reports, and budget reports.
V. STAKEHOLDER COMMUNICATION
Name Responsibilities
A brief summary of the event's content and its major
educational goal
Quynh Uyen - Keep following the project extremely carefully, and regularly
(Leader) encourage everyone to work.
- Always support your team members in doing quality work on
time.
- Post articles on social networking sites to announce the event
Hoai Thuong and make it widely known to everyone.
(Public relations) - Get questions and emails ready to respond to that day.
- Prepare all personnel and recording equipment so that the best
photos are available to idols and fans after the event.
- Identify locations and invite singers and celebrities
Diem Quynh - Prepare or the stage before the concert where the leader will
(Organizer) provide details and information.
- Caculate project risk
- Before, during and after the event, create emergency plans, fix
Huu Le
issues, and deal with any situations that might arise.
(Management event )
- Choose the best game activities.
VI. PRODUCE
1. Work breakdown structure (WBS)
1.1. DOCUMENT
1.1.1 Business case
1.1.2. Scope statement
1.1.3. Set ideas for the event
1.2. LOCATION
1.2.1. Find the revenue
1.2.1.1 Make a list of qualified places
1.2.1.2. Give opinions and choose the best one
1.2.1.3. Contact for dealing and signing a rent
1.2.2 License
1.2.2.1. Fulfil required produces
1.2.2.2. Comply with regional regulations
1.3. PREPARATION FOR THE CONCERT
1.3.1 Budget reporting
Business Reach the Budget Planning the Check-in the Starting End of
venue License Advertising Open order Open a
case reporting decoration participants the concert
tickets on rehearsal
concert
websites
Scope Make a list Fulfil Stage Online
statement
Have a small
of qualified required design meeting after
places produces
the concert
Set ideas Seating Offline
for the Give Comply with map
event options and regional
choose the regulations
best one Contact with
media
partnership
Contact for
dealing and Sound
signing a preparation for
rent the concert
Set up F&B
zones for
participants
Printing
posters
1.3.3.2. Offline
1.3.4. Open order tickets on websites
1.3.5. Open rehearsal
1.8. LAUNCHING DAY
1.4.1 Check-in the participants
AN Responsible for
ORGANIZATION finding the location
BREAKDOWN Choose the best
STRUCTURE Check issues during location.
Management event event organization
Set up the stage and
check the lighting
Event coordination equipment.
3. An OBS Matrix
MY YOUTH IS YOU
Project manager
1 1.1.1.1 1.1.2.1 1.1.3.1 1.2.1.1 1.2.2.1 1.3.2.1
ORGANIZATION
Public relations
2
1.3.3.2 1.3.4.2 1.4.2.2 1.4.3.2
Management event
1.1.3.3 1.3.2.3 1.3.5.3 1.4.1.3 1.4.2.3 1.4.3.3
3
1.1.1. Definition
Primary data is a type of information that is gathered by researchers directly from primary sources using
methods including tests, questionnaires, and interviews. The greatest type of data for study is primary data,
which is typically gathered from the source—where the data initially originates from. (FormplusBlog, 2023)
Advantages
Primary data collection has numerous advantages over traditional methods of data collection. It is more
accurate and reliable than other types of data, such as survey results or interviews. It also helps to understand
how people are feeling and what needs to be done to address their concerns. Furthermore, it is more relevant
because it considers all aspects of a person's experience rather than just one. This leads to better solutions that
accurately and efficiently reflect everyone's reality.
Disadvantages
Conducting surveys, collecting data, and analyzing it all takes a significant amount of time. Primary data
collection is costly due to the c.osts of human labor, equipment, and processing, whereas secondary data
collection is less expensive due to the use of third-party data sources. Primary data collection can occasionally
become impractical due to the time and effort required. Incorrect analysis can also result in mistakes during
the data collection process. (FormplusBlog, 2023)
1.2.1. Definition
Secondary data is utilized to expand the sample size of research projects and is also preferred since it is
quicker and more efficient to utilise an existing resource. Large research efforts that involve numerous research
groups working together to acquire secondary data are made easier by the use of secondary data. The primary
researcher is then free to concentrate on niche areas of interest or original research. This separation of labor
speeds up scientific discovery. (TechTarget, 2023)
Advantages
Secondary research has changed thanks to the internet, becoming more accessible and time-saving.
Secondary data sources can be utilized to draw fresh conclusions from earlier research and are inexpensive or
free. You can run a longitudinal analysis on data gathered as recently as a few hours ago using longitudinal
analysis. Secondary data research is the richest type of data available, with a varied range of sources and topics,
and it may be done by persons who are not experienced with different data collection methods. It could lead
to unanticipated new discoveries, perspectives, and conclusions that are important. (Valcheva, n.d)
Disadvantages
Because information was previously acquired for a different purpose, secondary data is not specific to the
needs of the researcher. Although secondary data sources might offer a plethora of knowledge, number does
not always equal quality. Information might be inaccurate, out-of-date, or biased in the direction of the one
who gathered it. However, it is not the owner of the information and is widely accessible to organizations and
individuals for free or at a low cost. Because both present and potential rivals have access to the data, the
researcher lacks a competitive advantage. (Valcheva, 2023)
Comparison
Selection
Information acquired by methods designed expressly for the evaluation, such as surveys, focus groups,
interviews, and direct observation, is referred to as "primary data." Information that has previously been
obtained and published in sources like published statistics, national papers, and studies is referred to as
secondary data.
The benefit of gathering primary data is that it enables you to respond to specific assessment queries.
However, due to time and resource limitations, primary data might not be able to satisfy all information needs
or sources. Making wise use of secondary data helps to reduce these limitations. So, it is highly recommended
to use both primary and secondary data to complement one another.
2.2.1. Definition
In graphs and numbers, quantitative approach is presented. Theories and presumptions are tested or
confirmed using it. Establishing facts that are applicable to a wide audience can be accomplished through this
kind of study. Experiments, tallied observations, and closed-ended surveys are examples of common
quantitative procedures. Quantitative research is susceptible to biases in the form of information bias, omitted
variable bias, sample bias, or selection bias. (Streefkerk, 2023)
- Increased sample sizes. Quicker and simpler to run faster and simpler to conduct, especially for online and
mobile
- Data impartiality and accuracy as it is based on survey questions for sorting, screening, and other concrete
numerical facts.
- Data collected through self-completion activities like online surveys is anonymous, especially when dealing
with sensitive subjects.
Disadvantages
- You cannot go deeper into the behaviors, attitudes, and reasons as you can with qualitative research because
you are limited by the survey's predetermined answers.
- Impossible to follow up on any responses provided once the survey is over. (Anpar, 2020)
2.2.1. Definition
The results of qualitative research are written up. It aids in understanding ideas, experiences, or concepts. You
can gain comprehensive knowledge about poorly understood subjects by the type of research you are doing. Typical
qualitative techniques include open-ended interview questions, written descriptions of observations, and literature
reviews that examine ideas and theories. (Streefkerk, 2023)
Advantages
- Explores attitudes and behavior in depth since it is more intimate and can go into detail to learn more about
their beliefs and behaviors to develop or thoroughly analyze a hypothesis.
- Encourages discussion because it doesn't precisely follow a predetermined set of questions but rather operates
more in an open manner.
- Flexibility, allowing the interviewer to delve further and ask any questions relating to the topic.
Disadvantages
- The moderator's ability to control group discussions and have sufficient subject matter expertise to pose
pertinent, sometimes unanticipated questions is crucial.
- Loss of privacy, if you discuss delicate topics, participants might not feel comfortable expressing their views
and opinions with others. (Anpar, 2020)
Instead of strictly following to a list of questions, the major goal of qualitative research is to study the in-depth
behavior, opinions, and attitudes of a small sample of people in a more open manner. They typically take the form
of in-person, in-depth interviews or focus groups where participants can speak candidly about the subject at hand
while receiving advice from the interviewer.
Whereas quantitative research is used to measure outcomes in numerical terms that are simple for decision-
makers to grasp and comprehend. Interviewing a sizable number of persons who are representative of the target
population as a whole yields these quantifiable results. Hence, statistical analysis can be used to deliver superior
consumer insights such as projected behavior, ideal price levels, and important factors influencing consumers'
selections with a bigger sample size.
The most suitable option would be questionnaires because the research relies on standardized responses. You
can recognize and explain the variety in many occurrences through descriptive study, such as that conducted
utilizing attitude and opinion questionnaires and organizational practice questionnaires. The respondents to this
study will use self-completed questionnaires, which are often known as online surveys. This approach has the
advantage that responders can get it electronically, typically through the Internet. The process of collecting data
entails obtaining, saving, retrieving, and using the original data. Data collection comes in a variety of forms, such
as quantitative and qualitative information gathering.
Name: Group 4
Date: 21-02-2023
Points to consider:
What have you completed?
Did you fulfil task requirements?
Are you on track and within deadlines set?
Did you need to make any changes to your project management plan?
➢ We have not finished all of the jobs, but we completed a business case, scope statement,
and had a meeting to plan the project on schedule within the first week. Fortunately, there
is presently no work that deviates from our plan, and we are proceeding with the tasks in
accordance with the right deadline.
Problems encountered
Points to consider:
What barriers did you face?
How did you overcome them?
➢ Timing problems and stage design were the challenges we faced. Being late will result in
the performance being delayed or the stage being set up so that the artists can sing and
dance more easily since some performers will be late due to traffic delays. Also, all lights,
cameras, and lighting apparatus must be in perfect operating condition with no flaws. Each
person has to have their job specified explicitly. Ensure that the task is done thoroughly
and on schedule.
Tutor Feedback
REFERENCES
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research.
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Key%20Differences
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esses.
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at: https://www.intellspot.com/secondary-data/.
[Accessed 25 February 2023].
9. WhatIs.com. 2023. What is secondary data? | Definition from TechTarget. [ONLINE] Available at:
https://www.techtarget.com/whatis/definition/secondary-data.
[Accessed 25 February 2023].