Project Planning and Management Techniques

Introduction

The project planning and management for any business purpose are being defined here properly in this paper. A trade show is being highlighted here for the better definition of this project management technique. Then the impact of participation in trade shows can be easily understood by these trade show participations. The implementation of IT and software tools are being highlighted here in this portion for the business and management purpose. A proper level of competition is being initiated here for the business and the organizations. The warehousing company AZTech is chosen for the demonstration of these management techniques here. Its advantages and the disadvantages are being discussed in this paper clearly so that can be implemented in the business perspective clearly. The returns of investment and the need for these tradeshows are being described here fin this paper clearly. Moreover, solutions for the IT and the business purpose are being defined here properly for the company.

Project management for trade show

The project management is required to be focused on IT Company AZtech that is going to conduct a trade show. Thus for the trade show, it requires a good management technique and team so that can successfully arrange for this trade show. This is a crucial point where they can arrange for new products and can attract a number of new clients that are possible. Mainly the IT Company requires a good management team for the trade show here. The investment, arrangement, return of investment and other criteria are to be understood here by this project management technique of trade show. Proper distribution of budget and the days are available for conducting the trade event. The venue was booked in April and the promotion started in July. The budget that can be seen to be divided is between venue space £21,000, venue services, £112 for 7 people, Staffing and transport £3000 daily + £200 deposit =£3,200 and Promotions items £1000

Benefits of trade show

These trade shows are necessary for the business to grow and go beyond the reach of others. These trade shows can help the organization to increase its business across the limits and to create good competition in the business field. This trade show can help in creating a good impression of the organization. It can be seen as an opportunity for the company to impress a large number of customers and to advertise their products to the people. A direct and indirect opportunity for a good business can be gained easily from this technique. Moreover, these are said to be a good moment for the organization to grow in the market. The international manufacturers and producers can also be reached through this trade show. Moreover, this trade show also gives an opportunity so that partnership with other organization can be formed easily. A cost-effective market and business method can be evolved through these trade shows.

Figure 1: Benefits of Trade show

A proper relationship-p between the customers that can be business to business or business to customers can be formed here easily. A proper business deal can also be formed in these kinds of trade shows.

Milestones for these trade show

An early planning and management is required for this trade show. A proper and high budget is generally required in this trade show for the proper performance and management here. A proper and detailed strategy is required till one day of the trade show here. It is required for all the employees and the team members to participate in this trade show so that this show can be conducted ethically. A proper checklist is required to be prepared here properly. A proper skills and management technique is required here. There is no surety whether the return of investment is will be positive or not.

Smart Objective

It is required to exchange the business cards with the guest and customers.

Getting 20 phone numbers from the business viewers.

Collection of business cards

Closing a good number of deals

Talking to ten different prospects for two minutes.

Return of investment for trade show

These are generally the revenue generated by the help of those trade shows. The return of investment and on investment can be understood easily in this part. These trade shows are generally a great revenue generation for the organization present. The evolution of ROI is highly necessary for this trade show. Several innovative ideas can be easily generated by the help of these trade shows and are provided by the help of this return of investment. The market perception can be easily understood here by the help of this return of investment here. A brand building opportunity is gained through the help of these returns. The return is the benefit or the revenue that is generated by the companies in these trade shows. A proper data analysis can be evolved easily by the help of this trade show. These data will demonstrate the essential parameter and returns found by the organization in these trade shows. Cost per head formula is efficient one here for the calculation of these trade show returns. An attacking and competitive plan can be executed by the help of this return of investment methodology here. A long interaction with the customers is possible by the help of this Return of investment methodology. Moreover, marketing content can be easily initiated by the help of this return of investment here.

Work Breakdown Structure

Gantt chart

Potential returns of investment

Three of the potential returns can be seen to be gained by the AZTech in trade show management:

Increasing productivity: The productivity and the value of the products can be enhanced by the help of this return of investment. The new products and the material can gain good marketing value here. These can help to give the organization to attract a good number of customers and viewers here.

Improving safety: The safety and the safeguard of the organization can be gained here easily.

Reducing the mistakes: Mistakes in previously designed products can be covered in this return of investment here.

Potential project stakeholders

The stakeholders that can be seen here are the employers first in this part. These shareholders and the stakeholders are the important ones to conduct the trade show and to bring good value to the company. The exhibitors of the trade shows are the one those can help AZtech in gaining international customers and manufacturers that can be beneficial one for their organization. These exhibitors generally help in meeting the partners and companions for the companies for the business so that business can gain a good value in future. Deciding the venue for the trade is also an additional point that can be added for the business perspective here. These venues are selected as per the comfort of the viewers, customers and the manufacturers available. As said employee is highly required for successful conducting of this trade show. Moreover, the suppliers are also an essential part of these shareholders.

Technological solutions

A clear and proper solution for the It solutions can be brought out here possibly. This trade show can be a good way to introduce their new solutions and products to the market. These can help AZTech to enhance their business and market value. A good solution regarding the technical aspect can be designed here easily. New ideas for the initiation of new products can be initiated here by the AZTech. The utilisation of resources for a better future and business aspect can be seen here possibly.

Conclusion

Thus it can be concluded that for the project management by IT Company AZTech it is required to arrange properly for the show. There are a lot of benefits that can be easily seen by the trade show here. Several manufacturers and customers can be attracted easily by this trade show. Stakeholders and shareholders are highly benefitted by this trade show and also participate in the proper growth and development of the organization. The return of investment and its potential benefit is easily shown in this part. The project management technique and method is being defined here for the trade purpose.

Take a deeper dive into Project Management Analysis with our additional resources.

Take a deeper dive into Project Management Analysis with our additional resources.

Reference List

Books

Kerzner, H., 2017. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Meredith, J.R., Mantel Jr, S.J. and Shafer, S.M., 2017. Project management: a managerial approach. John Wiley & Sons.

Journals

Turner, J.R., 2018. The management of the project-based organization: A personal reflection.

Miterev, M., Mancini, M. and Turner, R., 2017. Towards a design for the project-based organization. International Journal of Project Management, 35(3), pp.479-491.

Gemünden, H.G., Lehner, P. and Kock, A., 2018. The project-oriented organization and its contribution to innovation. International Journal of Project Management, 36(1), pp.147-160.

Conforto, E.C., Amaral, D.C., da Silva, S.L., Di Felippo, A. and Kamikawachi, D.S.L., 2016. The agility construct on project management theory. International Journal of Project Management, 34(4), pp.660-674.

Online Article

lindgren-packendorff.com, 2019, INQUIRING INTO THE TEMPORARY ORGANIZATION: NEW DIRECTIONS FOR PROJECT MANAGEMENT RESEARCH Available at: http://lindgren-packendorff.com/Packendorff_1995_ScJM.pdf [Available on : 29.02.2020]

e-centre.mdx, 2019, Project Management Competencies in the Project Oriented Organization Available at: http://e-centre.mdx.ac.uk/ncpm/Project%20Management%20Competencies.pdf [Available on: 29.02.2020]