BTEC D/618/5039 – Unit 6: Managing a Successful Business Project Assignment 1 Brief Sem 1 2025

Unit 6: Managing a Successful Business Project Learning Outcomes:

LO1: Explain the key stages of the project lifecycle that should be considered when project managing
LO2: Produce a Project Management Plan (PMP) for a business project using primary and secondary research methods
LO3: Implement the Project Management Plan (PMP) to communicate results from the research and make conclusions from the evidence of findings
LO4: Reflect on the value gained from implementing the project and the project management process

Unit 6: Assessment Brief and Guidance:

• This assignment 1 is where you come up with your plan that informs your future primary research.
• This is an individual work and you are required to submit a Project Management Plan on the following topic:

“The potential benefits and pitfalls of AI for businesses”Artificial Intelligence (AI) is rapidly evolving, becoming a valuable tool for industry businesses tostream line   operations,   reduce   production   costs,   and   meet   company   objectives.   It   is   expected   to significantly change recruitment, lab our needs and human resources in the future. For example, through automating repetitive tasks such as screening CVs, scheduling interviews, and conducting background checks human resources professionals will save time. Growth can also be accelerated by leveraging AIto provide sales and marketing teams with the right analytics and customer insights to capture demand.Additionally, it can boost  sales effectiveness   and performance by offloading   and   automating   many routine activities, and AI plays a very significant role in enhancing customer experiences. According to the Forbes Advisor survey (2023), 73% of businesses use or plan to use AI-powered chatbots for instant messaging.   Successful   implementation   of   AI   requires   strategy   and   collaboration   between   various stakeholders, and those in leadership roles. Leaders and managers must be proactive in attracting and developing the right talent, collaborating and partnering with other organisations, and considering the ethical implications.

By leveraging AI to inform business decision-making, companies can only improve accuracy, reduce errors, and optimise their operations, leading to better outcomes and increased profitability.However, according to World Economic Forum (2024), one of the most significant risks highlighted by Chief Risk Officers (CROs) is the malicious use of AI. Due to their user-friendly nature, generative AI   technologies   can   be   exploited   by   individuals   aiming   to   disseminate   misinformation,   carry   out cyber attacks, or gain unauthorized access to sensitive personal data.

Unit 6 ASSIGNMENT 1:

Project Management Plan will include Scope (including aims and objectives), Milestones, WBS andGANTT   chart,   Resources   and   Costs,   Quality   and   Risk   Management   plan,   and,   finallyCommunication plan.

Then, you also need to provide an overview of research methods that informs your primary research.Because this part is an overview, you need to provide the theoretical contents.