Enterprise Environmental Factors-Free-Samples-Myassignmenthelp

Question: Discuss about the Enterprise Environmental Factors. Answer: Introduction The Enterprise Environmental Factors (EEF) will be accessed in this section of the report. It is necessary that the analysis should be done and evaluation of all the aspects should be taken into consideration. Doing so will help in managing the project and will provide a better set of opportunity for the growth of the organisation. It is necessary that all the aspects should be taken into consideration to manage the integrated project. Project management helps the organisations in taking an effective set of decisions regarding the growth and will help in providing a better opportunity. Hence, a report is developed which will provide information related to the internal and external factors and will help in developing a better set of understanding with the impact of the same on the project management processes. The report will also help in the development of strategies implementing which will help in succeeding in the market. Also, information related to the communication on project ma nagement process and outcomes to diverse stakeholders will also be provided in this project. Evaluation Of Internal Factors SWOT ANALYSIS Strengths Weaknesses Conveyor belts are the innovative technique which could be used by the organisation. It helps in managing the bulk production. It will help in processing more products and delivering same on time Conveyor belts will help in delivering quality to the products and services (Chen Chen, 2014). A project of conveyer belt will help the organisation in generating more revenue. The bulk production helps in reducing the unnecessary cost that will incur in the production process. The conveyer belt is required huge space as they cannot be fitted in little space. Conveyor belts are very costly; it could be possible that the company could fail to purchase the conveyer belt. Conveyor belts require that the bulk production should be done due to which it becomes hard to manage the inventory. A Huge amount of supplies are required to manage the production; failing to do same will lead to impact the profitability of the company (Babatunde, 2013). Opportunities Threats The scope of business expansion is there by introducing a conveyer belt to the organisation. With the help of conveyor belts, business will be able to manage the bulk demands which will enhance its goodwill in the market. Conveyor belts will help the business in growth perspective as it will help in gaining bulk orders from the market (Mainga, 2017). Competition is one of the biggest threats attached with the organisations. It could be possible that the new competitors could enter into the market and could affect the sale of the business. Economic fluctuation is another threat which could have a huge impact on managing the bulk production. Government policies and procedures could have a huge impact on the progress of the business. External Factors Analysis of the external factors will help in managing the project in a proper way and will provide a better set of opportunities in the market. PESTEL analysis is one of the aspects which will help in determining all the external factors which could have a huge impact on the progress of the project. Analysis of the external factors will help in determining various aspects which could have a negative impact on the progress of the project (Castellanos, et. al., 2017). Hence, PESTLE analysis will be done so as to gather an appropriate set of information related to the external market. Pestle Analysis Political Factors: Production with the help of conveyer belt requires that all the political factors should be taken into consideration (Sundbo, 2008). Bulk production is done with the help of conveyor belts in this situation it is required that proper set of approvals and license should be taken in relation to the same so as to ensure that work could be processed in a smooth manner in near future. Economical Factors: Bulk production is done with the help of conveyer belt and economy is one of the factors which remain unpredictable. Hence, in the case of economic fluctuation demand of the products and services could also get affected. Social Factor: Society plays a very vital role in any project and it is required that a project of conveyor belt should take society into consideration (Su, 2014). This will help in enhancing the goodwill of the company and will provide better options for the success and sustainability in the market. Technological Factors: Conveyer belt itself helps in technological advancement to the organisations. Adding a conveyer belt to the organisation will help in availing better set of opportunities to the organisation and helps in the growth aspects of the same. Environmental Factors: Environment should be kept on the priority by the organisations working on a new technology. It is necessary that an organisation applying the new technology should ensure that environment should not get affected with any of its processes. It is also necessary that contribution should be made towards to protect the environment (Mohammad Arabzad an, 2012). Legal Factors: It is necessary that the conveyor belt which will be used by the organisation should be used by taking proper licenses and with the approval of all the legal authorities Development Of Strategies Strategies help in the growth of an organisation, it is required that an organisation working on any type of project should develop the strategies and should ensure to manage its growth accordingly. Ansoff Matrix Ansoff matrix is one of the most effective strategies which could be applied to the business process which is trying to work on a new project (Methven, 2014). As the business is planning to introduce a conveyor belt it is necessary that a new as well as an effective strategy should be used by the same. (Ho?pken, Gretzel Law, 2009) ANSOFF matrix includes four aspects which are market development, diversification, market penetration and product development. In the case of the conveyor, belt organisation could adopt product development as well as market development. With the help of a conveyor, belt enterprise will be able to produce more quantity with quality. It will help in attracting more people towards the products and services of the enterprise (Gould, 2012). Market development is another strategy which could be used by the enterprise so as to ensure that it could sustain in the market and could attract more people towards it. Enterprise will be able to produce more quantity of the product which will be sufficient to fulfil the demands of the people available in the domestic market and in the foreign market. This will provide the opportunity for the expansion of the business and will help in managing the bulk quantities in the most appropriate way (Fedorko Ivan?o, 2012). Communication On Project Management Project management is one of the toughest tasks attached to the enterprise. Communication plays a very vital role in managing a project. It is necessary that a project manager should focus upon communication (Davies, 2011). Effective communication will lead to help the organisation in sustainability aspects. Information sharing should be kept on the priority in project management. It is important that all the team members working on the project should remain informed. Miscommunication will affect the progress of the project and will lead to the failure of same. Marketing Marketing is another aspect which is required to be focused upon by the organisation. The company is using a new and innovative technology at the workplace in this situation one of the most important aspects is information sharing (Chen Chen, 2014). People in the market should have the knowledge that the enterprise will be able to deliver bulk quantity. Hence, to spread the information one of the most important aspects is to advertise the product and to promote the progress of the company. This will help in attracting orders towards the company with the effect of which it will be able to sustain in it. Outcomes to Diverse Stakeholders Stakeholders engagement is one of the most important aspects attached to any project. There are many of the stakeholders attached to the project; these stakeholders are government, employees, investors and customers. It is required that an organisation should work towards to fulfil the requirements of all the stakeholders. This will help in the sustainability aspects and will help in managing the project in a most effective as an appropriate way (Babatunde, 2013) Conclusion Understanding all the aspects attached with project management it could be concluded that before indulging in any kind of project a project manager should analyse the internal as well as the external market. SWOT analysis is one of the aspects which will help in managing the project in an appropriate way. It is also necessary that the company should apply the most appropriate strategies so that it could sustain in the market and could enjoy the benefits of a new project. Communication plays a very vital role in project management aspects which will help in processing the project in an appropriate way. Stakeholders analysis will also provide a better direction to the organisation with the effect of which it will be able to sustain and will develop better opportunities for the growth in near future. 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