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Importance of Using Online Commerce on Business Activities

University: Kensington College of business London

  • Unit No: 4
  • Level: Undergraduate/College
  • Pages: 4 / Words 922
  • Paper Type: Assignment
  • Course Code: R/508/0467
  • Downloads: 53

INTRODUCTION

Project management is an effective tool that helps to manage a project successfully so that it may be accomplished within time and cost consideration. The present report deals with an analysis of the importance of using online commerce in the selling books market. Moreover, a project management plan has been formulated with aspects such as cost, scope, time, quality, communication, risk and resources. Moreover, WBS and Gantt's chart is prepared. Qualitative and quantitative data research methods have been applied. Analysis of research findings are made with respect to collected data and interpretation is made from the questionnaires circulated in an effective way. Reflection is provided on the undertaking of research and stated objectives and learning and performance.

PART 1

P1 Project Management Plan

Aim: To analyse the importance of using Online commerce in selling books market

Objectives:

  • To clearly emphasise the impact of digital technology on small business
  • To make an analysis of the importance of utilising Online commerce in the market
  • To analyse various elements of digitisation in injecting profits of the organisation
  • To raise awareness of owner of books store for shifting the business to Online commerce
  • To garner benefits by selling books through online market and gaining increased profits

P2 Factors incorporated in the project management plan

1. Project cost-

The project cost is required so that online selling businesses may be able to produce enough of the profits by taking business in digitised world. In relation to this, a budget is prepared which is the estimation of expenses that will be required in achieving objectives in the best possible manner (Steyn and et.al, 2016). This is essentially required so that planned results may be matched with actual ones and total spending can be determined. Various expenses related to spending on acquiring software licenses and other equipment in relation to hardware and networking cost are ascertained that will be needed in attaining benefits of small-scale business by selling books through Online commerce in an effective way. It also includes database license, server cost and salary to human resources.

Particulars

Amount

Acquire software license

2000

License for database

2500

Purchase of hardware

200

Cost of equipment

2000

Server cost

800

Cost of Networking (LAN, WAN)

1000

Salary to human resources

1500

Total budget cost

10000

2. Project scope-

The project scope is an essential part of the planning of the project and as such, various activities that will be included in the project to effectively accomplish stated goals and objectives in the best possible manner. The scope of the project in the present study that to provide successful transformation of traditional business to online selling through digital technology and attain benefits thereof. The result of online sales research will be conducted in order to impart benefits to businesses to effectually accomplish desired objectives and deliverables can be provided in effective way (Papke-Shields and Boyer-Wright, 2017). The project criteria cover gathering reports for the purpose of management to assess easy access to the selling book market and helping small-scale businesses to flourish in the best possible way. The online market will be judged effectively and deliverables will be provided aiming to extend benefits to business through online selling.

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3. Time-

It is required to attain the project within the stipulated time so that benefits may be accomplished. The planned activities should be executed as per the time schedule. Moreover, it is required that the cost of the project may not exceed a planned budget and as such, timely accomplishment of the project can be attained. Furthermore, in order to achieve the project on time, it is needed that competent and talented person should be hired so that aim of the project can be attained in an effective manner. Personnel should be from various fields such as technical experts, coordinators and configuration and members of the team so that they may be able to carry out the project in an effective way.

4. Quality-

The quality is important so that online selling of books may be streamlined in a better way. It is the duty of the Quality Manager to assure meeting quality standards in the best possible manner. Moreover, it is the responsibility of the manager to alert members of the team so that they may be able to provide quality selling on the online market places (Advantages and disadvantages of online retailing.2018).

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