PROJECT MANAGEMENT FOR BUSINESS - Essay Prowess

PROJECT MANAGEMENT FOR BUSINESS

PROJECT MANAGEMENT FOR BUSINESS

Task 1

Hypothesis for the project

Manufacturing industries depend on the effectiveness of their supply chain management systems to control and monitor their production lines. Integration of information systems in the production chain is vital in improving the performance of the industries. Coca Cola Company is one of the companies with the largest supply chain globally. It is a manufacturer, retailer and marketer of non-alcoholic beverage concentrates syrup. The company is headquartered in Georgia; Atlanta, United States with many branches and clients worldwide. The company operates in over 200 countries with more than 500 brands of beverages. Its flagship brand named Coca Cola is one of the best known brands of sodas in the world.

The company produces top five most sparkling brands of beverages that include Coke, Sprite, and Fanta. It also manufactures juice drinks, coffee, tea, drinking water, sports, and energy drinks. All these products are produced using large supply chain management. Due to the vast operations of the company globally, uses global supply chain management to produce and market its products worldwide (Senker and Foy, 2012). We shall use the Britain Coca Cola Company as a local company to explore its global supply chain management systems including its relation to other Coca Cola companies in the world. The company can improve its profitability by improving its supply chain. Contemporary methods of develop and managing supply chains requires advanced use of technology. It can be hypothesised that the Coca Cola Company can improve its supply Chain Management by improving its supply chain through further integration of technology in the supply chain.

Background and Principles of Project Management

This project will concentrate on the beverage manufacturing industry. It will use the Britain Coca Cola Company to form the basis of evaluating the current supply chain and use the information to improve the company’s supply chain. Project management is the process of coordinating, controlling, and monitoring people and resources to achieve specific goals. The project manager mobilizes construction resources, coordinates people, controls, and monitors the operations of all stakeholders to achieve intended goals of the project. The three major elements of a project include objectives of the project, constraints of the project, and the project lifecycle. The objectives of a project are defined by major stakeholders of a company and communicated to all stakeholders of the company. The project team will analyse the project and come up with objectives that are communicated to all stakeholders (Mehta, 2007).

Constraints of a project are another element of a project. The constraints of project by Aura include funding of the project, time of project completion, resources requires to complete the project, and scope of the project. The constraints of the project dictate the control measures required to complete the project within the planned budget, stipulated time, and the requirements of the customer. Another constraint of a project is the lifecycle of the project. The lifecycle of a project is the procedural requirements of a project that is meant to be achieved within planned timeframe (Patel, 2008). Another major principle of project management is the scope of the project. The process of defining the scope of a project changes the requirements of a customer into objectives. The process is coordinated by the project manager. The project manager should guide the project team and the organization’s stakeholders to have an achievable scope of the project. The project manager should thus have good project estimation skills to guide the project team in the process of budgeting and planning of the project (Branch, 2009).

Another principle of project management is the use of effective communication techniques. The project manager should communicate all the developments of the project to all stakeholders effectively. The project manager should have good skills to determine the relevant information to relevant stakeholders. The mode of communication used by the project manager should be in line with the progress of the project, the deliverables a particular stage of the project, and the stakeholders of the project. Another principle of project management is the success factors and strategies of a project. The project manager must effectively define the success factor of the project. The factors will be used by the project team to assess the performance of the project. For example, the standards of the supply chain of the Coca Cola Company should be defined by the project manager and communicated in time to all the stakeholders. This way, the stakeholders all stakeholders of the project will use the factors to evaluate their performance at every stage of the project life cycle.

Terms of Reference

Concentrates Syrup: Concentrates syrup are the ingredients that are manufactured and supplied by the Coca Cola Company. They are supplied to its bottling companies to complete the process of manufacturing beverages.

Supply Chain: It includes all the process that are used by an industry to produce and deliver a product to its customers.

Project Management: Project management is the process of planning, monitoring, controlling and organizing resources, procedures and time to achieve specific goals.

Description of the Topic Area

This project is focused on exploring how the beverage manufacturing can be improved by improving the effectiveness of their supply chains. Due to the dynamic nature of every business venture, organizations must implement new strategies to accommodate changes in the market space. These changes are implemented through projects. Therefore, good project management skills are essential in every organization. Great Britain Coca Cola Company can ensure continuous improvement of its operations by exploring changes in its supply and counter the effects of these changes through research and development (Brennan, 2011).

The company uses effective project management strategies to implement new methods of its operations. These projects undergo all the phases of project management. In the first phase known as initiation, the company examines limitations in its current production processes. The next phase is known as the planning phase where all the requirements of the project analysed. The project's execution phase; the company constructs and implements the changes. These changes could be new technological methods of beverage production. Monitoring and control phase is applied to evaluate the performance of the changes where defects are corrected. Finally, the closing phase is conducted after the changes have been implemented successfully (Williams, 2008).      

Company can improve its profitability by improving its entire product and service production process to ensure that its services and products conform to the desired levels of quality. Great Britain Coca Cola Company implements quality assurance methods in all its production processes. The beverage industry must meet the quality standards required by health regulatory bodies and at the same time make profits. It has an efficient and ef

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