Project Draft
Project Draft
Project planning
The project planning phase poses a roadmap for execution as the detailed plans are drawn
based on the project charter. Firstly, a project management plan includes a specific project
schedule, a timeline and milestones, and a work breakdown structure to break down the large
project into manageable parts for better focus and performance. In addition, a budget and
resource plans take place for cost estimation, managing the financial resources to meet the
maximum cost, and listing required resources like raw materials, machinery, and labour. Then, a
communication plan will be drawn to show the communication channels among the stakeholders.
Also, a risk management plan is necessary to anticipate the risks and take proactive action by
using different methods, such as mitigating, avoiding, or sharing the risks. Lastly, a quality plan
to set the quality standards and measures will be made to meet customer satisfaction. The
planning stage also plays a vital role because it clarifies how, when, where, and what the team
members are doing in the project; consequently, it is easier for the members to work
collaboratively in ‘an orderly organized and efficient manner’, reducing the errors and saving the
unnecessary costs.
Project Execution
Following the project planning is the execution stage where the actual work is carried out
as planned. To execute the plan successfully, project managers appoint qualified team members
and assign them relevant tasks and responsibilities. Afterwards, they lead and motivate the team
members to encourage their productivity while managing the resources as effectively and
efficiently as possible. Simultaneously, they monitor the progress, check the performance of the
team members, and compare it with the plan to ensure the project is on the right track and
running smoothly. In addition, when unexpected obstacles or problems occur, they take
immediate, corrective actions against them before they grow into more serious ones. On top of
these, they maintain clear and transparent communications with the stakeholders to inform them
about the ongoing project by holding project meetings. The execution stage is the most
challenging since the project managers have to implement the plans to obtain the expected results
while handling unpredicted problems in the workplace.
Project monitoring and controlling
Monitoring and controlling are completed, concurrent with the project execution. The
project managers track progress and detect inconsistencies and deviations against the schedule,
estimated budget, and scope of the original project by reviewing the project performance daily,
weekly, or biweekly. Then, if any deviation or roadblock is discovered, they take corrective
actions to address them. Subsequently, they produce reports about the project status to the
stakeholders to inform them about the current conditions like potential changes in timeline,
budget, and outcome. Monitoring and controlling are also important because they allow the
project managers to give an immediate response to problems, steer the project back on track, and
avert bigger issues that can lead the project to failure.
Project closure
Project closure is the final stage of the project. When the project is completed, the project
managers evaluate and double-check the project performance if the outputs meet the acceptance
criteria, desired goals, and objectives. In addition, they analyse the lessons learned from the
mistakes of the project, such as miscommunications, poor financial management, or
unsystematic time management and suggestions on how to improve them in the future.
Considering these aspects, they release a formal post-implementation review. Eventually, they
reach project closure by presenting the outcome to the clients, signing off legal documents with
them, closing supplier agreements and financial records, and turning in project completion audit
reports. Project closure is particularly essential to future projects since team members gain
knowledge and practical experience; in addition, project managers can learn lessons from
mistakes to lead future projects.
Factors to be considered for compiling a project management plan (PMP)
A well-organised and clear project management plan (PMP) is the pillar of any successful
project. Here are several key factors for creating a comprehensive project management plan.
Project Scope: A clear project scope describes the areas of implementation, exclusions,
objectives, and deliverables for the team to concentrate on the original plan without going
beyond boundaries, preventing scope creep that can result in ‘delays, cost overruns, and poor
quality.’
Stakeholder identification: A thorough stakeholder analysis is critical to identify the groups of
stakeholders that need the most attention to satisfy their needs and address their problems while
not missing out on those with less influence.
Schedule: A well-arranged schedule lays out deadlines, milestones to be achieved, and orderly
organised activities within a realistic timeline while taking resource accessibility and potential
barriers.
Resource: Essential resources like human resources, raw materials, machinery, and equipment
are identified, the required quantity is calculated, and the project managers allocate them
efficiently while considering the problems caused by resource limitations.
Budget: A budget plan outlines the maximum estimated costs for all activities. Also, the costs
must be monitored and controlled throughout the project to avoid overrunning costs and
exceeding the budgetary limits.
Risk management: From the project initiation to the closure, good risk management is essential.
The project managers must anticipate the potential risks and take proactive actions before the
plan is implemented. Moreover, they need to examine the project in real time to assess risks and
manage them by developing risk-mitigating strategies.
Quality: Quality standards are set to meet the stakeholder expectations. Also, quality controls
and quality assurance take place during the project to ensure the product quality meets the
specific criteria.
Communication: The communication plan outlines to whom team members need to report, how
the information will be distributed, and the frequency of communication with stakeholders for an
effective communication flow.
Contingency plan: Backup plans can help to minimize the negative impact on the project and
recover quickly due to saved money and time in an emergency or when things go out of control
because of a delay in operation or a serious problem.
Considering these elements of the project management plan with strategic decision-
making and organising skills of the project managers can guarantee the success of the project.
Conducting research and collecting data for a project
Before starting a PMP, there are several key steps to conduct reliable research and collect
data.
1. Defining research problems and objectives
2. Identifying data requirements
3. Selecting appropriate research and data collection methods
4. Setting a time frame
5. Designing the methods
6. Pilot testing to avoid mistakes when conducting the main study
7. Standardization
8. Establishing data collection procedure
9. Setting data analysis plan
Research ethics
However, researchers should be aware of ethical considerations. It is of great necessity
for them to do research respectfully and responsibly by concealing the participants’ confidential
information to protect their privacy and rights, informing fully them about the nature of the
research, risks, and benefits, and avoiding leading questions that can result in bias for more
accuracy and reliability. Henceforth, project managers can ensure credibility, make strong
decisions, and draw strategic plans for the project.
Types of research methods
Research methods can be categorised into three methods – primary research, secondary
research, and mixed method based on the approaches to collect the data.
Primary research
Primary research involves gathering first-hand data by researchers themselves rather than
relying on data already presented by other sources like publications and databases because they
aim to address problems that have not been solved before and acquire new knowledge. They use
various methods like interviews, focus groups, surveys, and samples. The advantages of using
primary research are the availability of updated, fresh data and the direct reach to customers.
Secondary research
Researchers use existing data like government publications, databases from social media
platforms and websites, academic books, journal articles, and other research papers. By using
secondary data, researchers can gain insight into the market thanks to previous studies and
identify the gaps to improve the project. Compared to the primary research method, it is more
cost-effective and less time-consuming.
Mixed methods
The mixed method which combines primary, secondary, qualitative, and quantitative
research can allow project managers to obtain information with higher reliability and validity.
The reason is that researchers can get a comprehensive understanding of the market trends and
behaviours of the targeted customers. Secondly, they can enhance the overall verification and
validity by overcoming the limitations of each method. Also, they can capitalize on the
opportunities for creativity thanks to deep findings from multiple sources. Finally, mixed
methods can increase flexibility and adaptability under different circumstances.
Data collection methods
Sampling
Researchers aim for specific groups they are interested in, also known as, the targeted
population to collect data. Some sampling methods are described below.
Random sampling: Random people from the targeted population are selected which means
everyone has an equal chance of getting picked.
Stratified sampling: The data is collected from the population divided into subgroups called
strata based on their characteristics.
Convenience sampling: Researchers collect data from the readily available sample groups that
they have the easiest access to.
Qualitative data
Qualitative research can be obtained by conducting interviews with stakeholders and
asking them open-ended questions which allow them to express their thoughts and opinions. The
collected data is presented in words. Qualitative research can help the researchers get genuine,
detailed answers from the participants since they can answer openly; however, it is complicated
to present data. Here are different qualitative data collection methods.
Interviews: Researchers meet with participants in person, by phone, or online to know direct,
individual responses. There are structured interviews where participants answer the same
questions and unstructured interviews with different and random questions.
Surveys: There are online and offline surveys where participants answer questionnaires.
Researchers can use online platforms like Google Surveys and Survey Monkey and mail surveys
for online surveys. Also, they can use offline methods like paper surveys where questionnaires
are printed out, telephone surveys, and face-to-face surveys.
Focus groups: Researchers organise an event to gather stakeholders and discuss a specific topic.
Quantitative data
Meanwhile, quantitative research is collected through surveys where the participants have
to answer close-ended questions that give them options to choose from and experiments carried
out in a controlled environment. Then, the data is shown in numbers and statistics. The
researcher can analyse and convey the data easily by quantifying the qualitative data, for
example, showing in numerical scales like the Likert scale.
Evaluation of project life cycle and factors of PMP
Factors of the project management plan interconnect with the phases in the project life
cycle. In the project initiation stage, a project charter is released to figure out the project
feasibility - a document that lays out the draft of factors, such as project scope, budget, schedule,
and stakeholders to be considered. Next, detailed plans for stakeholder engagement through
communication, risk management, cost and resource allocation, and quality controls are
meticulously drawn in the planning phase. When the plan is executed, project managers monitor
the resource utilisation and effectiveness of the task execution and communication by comparing
it with the factors in the plan. Along with the execution, monitoring and controlling processes
take place to identify the roadblocks and inefficiencies in the implementation process and take
corrective actions immediately by adjusting the original plans. Finally, in the closure phase,
project managers have to reflect on and identify the best practices for reusing and opportunities
for continuous improvement in future projects.
As mentioned above, each stage is interdependent; hence, project managers need to
coordinate and integrate them well and regularly monitor bottlenecks for smooth transitions
between the stages. Furthermore, they need to ensure that the factors in each stage meet the
project objectives in the PMP regarding relevance and their impact of changes on project
performance and outcomes. Most importantly, project management practices should align with
the organisational capability, long-term goals, and culture. To conclude, project managers can
contribute to fruitful project outcomes by understanding the importance of the interrelation
between each phase of PLC and factors of PMP and managing them intricately.
Evaluation of research methods and strategies
When researchers conduct research, they need to choose the most appropriate research
method by considering their benefits and drawbacks. For example, the disadvantages of primary
research are time constraints, costs, and unreliable data due to the lack of research experience
despite obtaining new data. Likewise, the data collected from secondary research can be
outdated, leading to a lack of credibility in the research although it is cost-effective and time-
saving. In addition, there are limitations to quantitative and qualitative data respectively, such as
constraints in scope, subjectivity, misinterpretations, and being resource-intensive. Therefore, the
most suitable and applicable research method should be selected wisely based on the project
objectives, requirements, and sudden changes. After this step, the researchers should consider
ethical considerations and transparency for the well-being of the participants when researching to
enhance the data quality. If valid, reliable data with high objectivity and credibility is gathered,
project managers will be able to make informed decisions, mitigate the risks, and seize
opportunities throughout the PLC. In conclusion, data quality is profoundly affected by the
choice of research methods, strategies, and approaches, having a long-term impact on creating a
PMP.
Critical evaluation of PMP and research methods
It is of great importance to do rigorous research with appropriate methods and strategies
before a project management plan to ensure relevance, reliability, credibility, timeliness, and
accuracy for improving the data quality. By doing so, the feasibility of the project can be
measured based on constraints, risks, and potential benefits. Additionally, conducting research
can help understand the targeted audience better in terms of their needs, expectations, and
diverse backgrounds. Also, the researchers should use ethical data collection methods to secure
the data privacy of participants and promote public trust. Otherwise, outdated and poor data can
undermine decision-making, causing devastating risks and unfruitful project outcomes in the
end.
After doing research, PMP can be initiated. Managing the factors of PMP correlates with
objectives and impacts on the deliverables of the project. In the conception phase, the project
managers need to define the scope, objectives, schedule, communication, quality, and allocation
of necessary resources and costs clearly based on the project requirements so that stakeholders
and teams agree on the project criteria. Thus, they can produce a successful project charter that
will help create a detailed project management plan to manage resources and time, proactively
plan for risks, and break down the activities into subsets while maintaining the smooth flow of
communication with influential stakeholders. Consequently, they face fewer roadblocks in
execution leading to easier monitoring of the progress and controlling the quality without having
extra costs for errors. Nevertheless, there can be unforeseen obstacles like resource limitations,
staff absence, and uncontrollable external forces, so they should prepare a contingency plan
ahead or be decisive on the spot. Eventually, they can hand in the project outcomes as
stakeholders have expected. Therefore, organising the PMP factors plays a vital role from the
beginning to the end in completing the project efficiently.
Environmental responsibility
Industries, especially automobile and production industries, take actions to reduce the
environmental impacts of their businesses by adopting sustainable and environmental measures
in their daily operations from packaging to delivering the products or reducing the use of harmful
materials and energy.
Ethical responsibility
Companies set policies and practices for the welfare and safety of employees. They
ensure to create a positive work environment that is free of discrimination on the grounds of
gender, colour, ethnic group, religion, age, sexual preference, and disability. Also, they have
ethical codes to maintain their operational standards, product quality, and corporate values.
Philanthropic responsibility
This involves businesses donating a certain amount of their profit to charities and non-
profit organisations, establishing foundations, or funding a campaign or a project for a good
cause.
Economic responsibility
A combination of environmental, ethical, and philanthropic responsibilities is economic
responsibility. Businesses make financial decisions to invest in the benefit of the community to
reflect on their values.
Customer retention rate
Customer retention rate or repurchase intention means that customers repeatedly purchase
goods and services from the same business due to satisfaction and worth of money. It indicates ‘a
long-term commitment between customer and company’ to establish their relationship.
Hypothesis of the relationship between CSR activities and customer retention rates
Many studies have highlighted the positive relationship between customer perception of
CSR activities and customer retention rates. CSR activities can strengthen the brand image. It is
discovered that marketing initiatives with more social content receive a more positive customer
perception compared to those with less social content despite the same size, scope, and products.
Consequently, customers feel positive and unique about the brand, creating a deeper bond which
leads to repurchase intentions. Furthermore, according to a benchmark survey of consumers in
1993, 66% of respondents answered that ‘they would switch to brands to support a cause they
care about’ while 78% said that ‘they would be more likely to purchase for a good cause’.
Additionally, a quote in the article in ‘the Journal of Marketing’ showed that 75% of customers
responded that ‘their purchasing decisions are influenced by brand’s reputation with conserving
environment’. Also, a study confirmed that customer retention rates increased because of the
CSR activities initiated by Hong Kong retail banks.
Descriptive statistics
Descriptive statistics is the first step of statistical analysis after collecting data in
quantitative research. It summarises and describes characteristics of a data set which is a
collection of responses or observations from a sample or entire population. In this case,
descriptive statistics will be used to describe the average of two variables which are customer
perception of CSR activities and customer retention rates. Also, it will convey the relation
between those two variables.
There are three types of descriptive statistics:
Frequency distribution: A distribution of how often a value or a score occurs can be shown in
numbers or percentages by using tables or graphs.
Measures of central tendency: It estimates the centre and average of a data set in three ways –
mean, median, and mode.
Mean: The total sum of response values is divided by the total number of responses to find the
average.
Median: To obtain the middle value of the data set, the sum of the middle numbers is divided by
2.
Mode: To find the most occurring value, the response values need to be arranged from the
lowest to the highest value; then, the most frequent values are chosen.
Measures of variability: It measures how spread or variable the values are in a dataset. There
are four ways to measure variability.
Range: The smallest value is subtracted from the largest value to find the range.
Standard deviation: This shows how far each value is deviated from the mean. The larger the
standard deviation, the higher the dispersion of the data is.
Variance: It shows ‘the average of the squared differences from the mean’.
Correlation analysis
Correlation analysis is a method to measure the relationship between two variables,
shows how the change in one variable affects another, and determines the relationship’s size,
degree, and direction. The coefficient of correlation is represented by ‘r’ and ranges from -1 to 1.
A coefficient of -1 indicates there is a negative or inverse correlation between the two variables,
meaning as one value increases, the other decreases. There is no relation if the coefficient is 0. If
the coefficient is 1, it shows a direct, positive correlation between the two variables, implying an
increase in one variable has the same effect on the other. Depending on the ‘r’ value, the degree
of correlation varies. If the ‘r’ value is less than 0.3, the correlation is weak. A moderate
correlation is when the ‘r’ value is between 0.4 and 0.6. The ‘r’ value of 0.7 indicates a strong
correlation.
Conceptual framework
In conclusion, customer perception of a company’s CSR activities has a direct, positive
relationship with customer retention rates based on previous literature reviews. The final
conceptual framework is that customer retention rates will increase as customer perception of
CSR activities shows positive. This will be verified by using descriptive statistics and correlation
analysis after collecting the data.
Methodology
Aims and demographics
Research will be conducted to determine whether the conceptual framework is true.
Among the target population of CMHL consumers in Myanmar, 50 will be randomly selected to
gather data about their perception of CMHL.
Ethical consideration
In the survey, participants were informed that the data would be used for an academic
assignment. Also, confidential information of the respondents, such as names and email
addresses, was not included. Moreover, any forms submitted by respondents were not shared on
any social media platform or misused.
Methods and tools
Mix research method
For data reliability and validity, primary and secondary research methods are integrated.
Secondary research
Secondary research used CMHL online annual reports for 2019, 2021, and 2023 to
explore CSR activities because of their credibility and validity.
Primary research using offline paper surveys and Google Forms online survey
Primary research was conducted to support the key findings in CMHL’s CSR activities
and find out whether there is a correlation between customer perception of CSR activities and
customer retention rate. Fifteen questionnaires about customer perception and the likeliness of
retention rate towards CMHL were created. Then, 27 respondents were asked to take a paper
survey first as a pilot test to monitor errors and improve them before conducting the main study.
Afterwards, the final survey created on Google Forms was sent to the Facebook group of regular
and engaged City Mart consumers. Using Google Forms online survey is convenient and time-
saving for the participants since they rate each question from 1 to 5 just by clicking the buttons.
Also, not having to give an immediate response, they can take their time to answer the questions,
leading to more accurate data.
Quantitative research
Quantitative research was used since it is easier and less complicated to present
quantified data instead of qualitative data like opinions of individuals. Also, it will be much
easier to calculate the correlation between CMHL’s CSR activities and customer retention rate.
In the survey, a 5-point scale is used to know the satisfaction of the participants and their
perception of CMHL’s CSR activities. Answering 1 means they are completely dissatisfied with
CMHL’s CSR activities, and answering 5 means they are fully satisfied. If they answer 3, it
means they are neutral about the activities or they are not aware of them. 2 and 4 mean they are
somewhat satisfied or dissatisfied.
Limitations
The sample size of 50 participants is too small to gather more accurate and reliable data.
According to the sample calculation, 383 respondents are required to represent over 50 million
people in Myanmar. The data will be more solid if the survey is conducted among customers in
different regions.
Detailed Work Breakdown Structure
The whole research project has been divided into small, manageable tasks for better
monitoring and controlling in each process to ensure success in the end. The following table,
network diagram, and Gantt chart show the order of functions along with durations and their
dependencies on one another.
The table of work breakdown structure
Task Description Duration Predecessor
1 Topic selection 2 days -
2 Literature review 5 days 1
3 Survey preparation 2 days 2
4 Data collection 7 days 3
5 Data entry and calculation 1 day 4
6 Interpretation 1 day 5
7 Reporting, suggestions, 2 days 6
and recommendation
Network diagram