Project Management Degree Assignment Example | Topics and Well Written Essays - 1000 words

Project Management Degree - Assignment Example Therefore, the shop must look towards expanding its team of employees and creating a website that is comprehensive in terms of the details of products, purchase catalogue, and the like. The business, in its process of expansion, can include at least ten work packages, in order to breakdown the work into smaller areas of concentration. The business expansion can be broken down under these categories: The expansion of the inventory, which means the stock of each product must be expanded, in order to cater to the demand of the international market. The product quality, besides the indigenous tint needs to be maintained for an ethnic yet qualitative touch. The development of role of IT, in promoting the business. This needs to be done, keeping in view the revolution fo the internet and how e-communication sit he answer to distance-related woes! The expansion of the staff also needs to be done, by employing more professionals, to keep up the expansion plan and also to introduce more specialisation in the varied departments of the business. Physical expansion, in other words, the setting up of small offices in some important cities in regions in Asia and the United States, can be of great help in handling business in the areas. The laying down of a Product Catalogue, with the price list, by converting the currencies according to local currencies; and related operations need to be performed for better productivity. The business also needs to think about appointing local staff, in order to facilitate better penetration in local markets, across the globe. Risk Management is another area of working that needs concentration. A SWOT Analysis of the risks involved and the competencies possessed by the business to face these risks, is a must. Garnering knowledge of the markets and making the business alter according to these specifications. 3. Three work packages specifications. Environment: This is a crucial element that often affects work packages. The environment of operation of business must be altered according to the changing place of operation, to suit local markets. Human Factors: The human resources need to be managed, utilised according to needs and also channelized in the right direction, in order to cater to the demands of the busines