Importance of Using Online Commerce on Business Activities

University: Kensington College of business London

  • Unit No: 4
  • Level: Undergraduate/College
  • Pages 12 / Words 3000
  • Paper Type: Assignment
  • Course Code: R/508/0467
  • Downloads: 36
Question :

This project attempts to determine the importance of using online commerce on business activities and different methods by which operations can be carried out, exploration of challenges and opportunities which lies within online commerce book market.

  • Develop aims and objectives for this project.
  • Determine project management plan including of cost, time, communication and quality.
  • Design work breakdown structure and Gantt chart to provide timeframes for completing business activities.
  • Carry out investigation including qualitative and quantitative research methods.
  • Analyze and interpret data obtained through research.
  • Give recommendations on the basis of data obtained through research to draw suitable conclusions.
  • Reflect on the project undertaken for achieving set objectives. 
Answer :

INTRODUCTION

Project management is effective tool which help to manage project successfully so that it may be accomplished within time and cost consideration. Present report deals with analysis of importance of using online commerce in selling books market. Moreover, project management plan has been formulated with aspects such as cost, scope, time, quality, communication, risk and resources. Moreover, WBS and Gantt 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 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 importance of using Online commerce in selling books market

Objectives:

  • To clearly emphasise on the impact of digital technology on small business
  • To make analysis of 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 incorporating in project management plan

1. Project cost-

The project cost is required so that online selling business may be able to produce enough of the profits by taking business in digitised world. In relation to this, 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). The is essentially required so that planned results may be matched with actual one and total spending can be determined. Various expenses related to spending on acquire software license and other equipments 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 effective way. It also includes database license, server cost and salary to human resources.

Particulars

Amount

Acquire software license

2000

License for data base

2500

Purchase of hardware

200

Cost of equipments

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 essential part of planning of 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 project in the present study that to provide successful transformation of traditional business to online selling through digital technology and attain benefits thereof. Result of online sales research will be conducted in order to impart benefits to business to effectually accomplish desired objectives and deliverables can be provided in effective way (Papke-Shields and Boyer-Wright, 2017). The project criteria covers gathering reports for the purpose of management to assess easy access to the selling book market and helping small-scale business to flourish in the best possible way. 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 project within stipulated time so that benefits may be accomplished. The planned activities should be executed as per the time schedule. Moreover, it is required that cost of the project may not exceed with planned budget and as such, timely accomplishment of project can be attained. Furthermore, in order to achieve project on time, it is needed that competent and talented personnels should be hired so that aim of the project can be attained in effective manner. Personnels should be from various fields such as technical experts, coordinators and configuration and members of team so that they may be able to carry out project in 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 Quality manager to assure meeting quality standards in the best possible manner. Moreover, it is the responsibility of manager to alert members of 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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