Business Analysis and Process

Question: Describe business analysis and process to support the operations and customer service policies of Tesco, a major retail business entity. Answer: 1. Project Information For the purpose of the study, the establishment of business analytics and processes to support the operational and customer service policies of Tesco, a major retail business entity. Kerzner (2013) stated that the IT project management primarily focuses to work on applications and analytical projects to serve customers better. This includes implementing advanced technology mechanisms to collect customer data track consumer data accordingly. Burke (2013) mentioned that in addition, it would assist the management of the organization to record customer preferences and frame the marketing as well as the operational policies accordingly. It is expected that this would assist the daily business functionalities in a more effective manner. The operational process of the business entity would be more effective in offering superior customer services to the employees. These technologies are expected to assist any retail business entity to enhance their production rate with requiring minimum amount of time and resources (Walker 2015). Assumptions Various internal and external factors can affect the development of such technologies. These include the market demand and general consumer choices and preferences. The response of customer towards such changes in the operational processes of a business enterprise is one factor that should be considered here (Leach 2014).In addition, the intensity of market completion is another essential attribute affecting the implementation of IT projects in the organization. The internal factors include the cost incurred in implementing such a project. The project should be commercially viable from the point of view of the investors in a business enterprise. In other words the IT project would be able to add to the profitability of the firm. Besides this, the financial state of the business enterprise is other essential criteria that can have an impact towards adopting such technology relating to applications and analytics (Phillips 2013) The retail brand should have the necessary financial strength to incur considerable expenditure without affecting the revenue inflow of the firm. Another internal factor is the training and aptitude of the employees working in the firm. The employees should posses the necessary skills to make optimum utilization of such advanced technology mechanisms that shall reduce the operational expenses of a business enterprise. (Turner 2014). However, the quality of such IT projects is an essential factor in determining the finan cial position of the organization. The risks associated with such a project relates to the financial expenditures and negative consumer perception. In addition, it can be said that there shall be some amount of resistance from within the organization (Marchewka 2014). The project management procedure would be able to overcome such constraints in helping the organization to achieve business sustainability. Constraints The following are the limitations and constraints of the project management process Budget - To implement an IT project shall require considerable expenditure. Therefore, such expenditures shall be considered when adopting such procedures. As per the budget decided by the management of the organization, the management must introduce such IT projects. However, this can lead to high expenses, which the business enterprise should be able to bear. According to Heagney (2012), it should be critically analyzed to prevent such expenses form adversely influencing the financial stability of the business enterprise. Time - Limitation of time is one of the pertinent limitations that can affect the stability of a business organization . As such , constraints of time is one of the essential attribute that the business organization has to consider before introducing such IT project in the organization .Therefore, the procedure of implementing such processes in the organization should be done in minimum period to assist the organization in its growth. Mir and Pinnington (2014) noted that a lengthy procedure would not be beneficial for the firm in the end. Training The staff has to be adequately trained to adapt to such changes. It can be stated that lack of training in technology requirements shall harm the growth of the business enterprise. Effective training has been a pertinent limitation towards imposing such changes in the operational processes of a retail business entity (Crawford 2014). This would have a negative influence on the quality of customer services offered by the entity. 2. Project Approach The business approach should be an in-depth covering a range of activities that has to be influenced when implementing the business applications and analytical procedures of a business enterprise. Firstly, the necessary discrepancies and the weaknesses in the organization shall be implemented. The business approach is mainly based on the following requirements - Effective operational as well as customer service policies to the management (Unab and Kundi 2014). Therefore, these two processes shall be adequately considered when building analytics and business application to keep track of consumer demand and preferences as well as the effectiveness of the operational policies of the business enterprise. According to Teller et al. (2014), establishment of applications and business analytics should follow a systematic procedure. Therefore, it should involve minimum amount of time and resources. In addition, it s shall be effective enough to serve the purpose of the business organization. Project Requirements The following are the requirements of the project as per the MOSCOW analysis Must have - The must have requirements are critical to the success of the project these include - essential details related to the development of the applications. The application is constituted of the variable and the fixed factors that are vital to the functionalities of these applications in the context of developing of smoother operational processes of the business enterprise. According to Meng (2012), the variable factors like consumer demand, the economic conditions of a particular place and the market conditions are subjected to frequent changes. Therefore, the business applications and analytics must consider all these elements when developing advanced technological processes to assist a business enterprise. Should have The Moscow analysis presents a vital emphasis on the constituents that can be labeled as essential items on the establishment of IT project management procedures. Young (2013) mentioned that these elements bring added benefits. In the context of the study, these elements relate to adoption of essential technological requirements that enables a entity to offer superior customer service. Could have The certain technological requirements that can be labeled as could have and therefore not necessary to the achievement of primary objectives to the business enterprise. These relate to implementing processes to achieve greater sales revenue in the market. Wont have These relate to the establishment of procedure that are not necessary, in the context of the present business position of the retail entity. In this regard, it can be said that these procedure shall have an adverse influence to the business sustainability of a retail business enterprise. These would also lead to unnecessary expenses, thereby, affecting the productivity of a firm. In these regard , it can be said that items labeled as wont have should be strictly avoided to prevent any undue threat or obstacle that can affect the IT project management procedure Proposed Deliverable The project deliverable consists of the following three stages Conceptualization - In this stage, there shall be two constituents that are- business transformation, technical solutions as well architecture. The Conceptualization stage is the initial stage where the IT project management is fully planned and the necessary steps are taken for its implementation. Development The development process relates to the process where customized Apps as well as analytics are established to enhance the current business processes. This relates to the improving the existing operational polices, and offering customer services to the buyers. Operations This is the final stage of the project deliverable processes. The operations stage can be classified into three stages which are - Infra and Network , Operations as well as the support towards the applications of a business enterprise. The Infra and Network relates to improving the existing technicalities currently followed in the organization (Holzmann 2013). The Applications support relate to consolidating the newly developed applications as well as the business analytics procedures that are being followed in the business enterprise. The operational stage facilities the support functions of a retail entity. The support functions can be subdivided into Finance, LD, HR and operations (Canils and Bakens 2012). The Project management office as well as integrated portfolio management are the functions that shall be supported by IT project management procedure From the above diagram it can be said that the development of business apps and analytics shall assist a retail entity to provided support to a range of business functionalities . 3. Governance structure The governing structure shall determine the implementation of the IT project management in the business enterprise (Lock 2014). Therefore, the authority and the direction would come from the top management of the organization. In this regard , it can be said that the nature of structural policies followed in the organization shall determine the success of the business to large extent . Therefore, it is upto the management of the organization to make necessary planning relating the implementation of the project management activities in an organization. The engineers of the organization shall handle the technical issues. Any technical issues shall be handled by people having qualified expertise in the field of IT project management (Tong and Thomson 2015). In regarding implementing the changes within every layer in the organization, the human resources department shall be responsible. The project team and the top management or the leadership group shall have a very important relationsh ip. There should be a clear flow of communication between these two parties, to avoid any misrepresentation of data. It can be said that both parties are co-dependent on each other (Besner, and Hobbs 2013). The project team is dependent on the governance entities for adequate resources as well as the direction that the implementation of business applications and other analytics that the business organization would be required to be followed. On the other hand, the management is dependent on the project team to determine consistent delivery of IT solutions to a business enterprise .This shall enable the business entity to authenticate the use of business applications and analytics for the betterment and growth of the organization. Work break down structure Outline Number Task Name Duration Start Finish Evaluation stage 0 TESCO Business applications 86 days Mon 03-05-16 Mon 02-05-16 1 Project start 0 days Mon 04-05-16 Mon 04-05-16 2 Phase 1: Requirement specification 18 days Mon 04-05-16 Wed 28-05-16 2.1 Meeting fixed with the director 0.5 days Mon 04-05-16 Mon 04-01-16 1 2.2 Assessing the present situation of the school 1 day Mon 03-05-16 Tue 05-0516 3 2.3 Assessing the requirements of the system 0.5 days Tue 05-05-16 Tue 05-01-16 4 2.4 Collecting information about the methods currently being used 1 day Wed 06-05-16 Wed 06-01-16 5 2.5 Client meetings 1 day Thu 07-05-16 Thu 07-01-16 6 2.6 Documentation procedure 1 14 days Fri 08-05-16 Wed 27-05-16 2.6.1 Establishing the scope statement 1 day Fri 08-05-16 Fri 08-05-16 7 2.6.2 Functional requirements 0.5 days Mon 11-05-16 Mon 11-01-16 9 2.6.3 Non functional necessaities 0.6 days Mon 11-05-16 Mon 11-01-16 10 2.6.4 Establishing the documents to establish the non-functional documents of the organization 2 days Pplications Tue 12-05-16 Wed 12-05-16 11 2.6.5 Document submission 1 day Thu 14-05-16 Thu 14-05-16 12 2.6.6 Acceptance of proposal 1 day Fri 15-05-16 Fri 15-05-16 13 2.6.7 Changes reflected by the client 2 days Mon 18-05-16 Tue 19-05-16 14 2.6.8 Assessing of project 2 days Wed 20-05-16 Thu 21-05-16 15 2.6.9 Budget estimation of project 2 days Fri 22-05-16 Mon 25-05 -16 16 2.6.10 Budgetory necessities regarding the client 1 day Tue 26-05-16 Tue 26-05-16 17 2.6.11 Establishment o of budget and schedule 1 day Wed 27-05-16 Wed 27-05-16 18 2.7 Approval of proposals 0 days Wed 27-05-16 Wed 27-05-16 19 3 Step 2: Establishing the entire project team 8 days Thu 28-05-16 Mon 08-02-16 3.1 Deciding on the team 3.5 days Thu 28-05-16 Tue 02-02-16 3.1.1 The selection of Project team procedure 0.5 days Thu 28-05-16 Thu 28-05-16 20 3.1.2 Project leader choosing procedure 1 day Thu 28-05-16 Fri 29-05-16 23 3.2 Deciding on the training needs of the resources. 4.5 days Tue 02-02-16 Mon 08-02-16 4.1.1 Designs of the system 2 days Tue 09-05-16 Wed 10-02-16 31 4.1.2 Developing the prototype based on the primary designs 7 days Thu 11-05-16 Fri 19-02-16 34 4.1.3 Allowing the client to test the prototype 4 days Mon 22-05-16 Thu 25-02-16 35 4.1.4 Considering changes requested by the client 7 days Fri 26-05-16 Mon 07-03-16 36 4.1.5 The procedure of approve of new design 1 day Tue 08-05-16 Tue 08-03-16 37 4.2 Prototype approved by client 0 days Tue 08-05-16 Tue 08-03-16 38 4.3 Establsihing the working model 23 days Wed 09-05-16 Fri 08-04-16 4.3.1 Final design 4 days Wed 09-05-16 Mon 14-03-16 39 4.3.2 Coding the ICT system 12 days Tue 15-05-16 Wed 30-03-16 41 4.3.3 Test phase 2 days Thu 31-05-16 Fri 01-04-16 42 4.3.4 System installation 3 days Mon 04-05-16 Wed 06-04-16 43 4.3.5 Integration test (after the system has been installed in the school) 2 days Thu 07-05-16 Fri 08-04-16 44 4.4 system commissioned 0 days Fri 08-05-16 Fri 08-04-16 45 5 Phase 4: Employee Training procedure 13 days Mon 11-04-16 Wed 27-04-16 5.1 Improving the documenatation of the User manuals and other necessary requirements 3 days Mon 11-04-16 Wed 13-04-16 46 5.2 Training methods and techniques 4 days Thu 14-04-16 Tue 19-04-16 48 5.3 Training program implemented for the employees 6 days Wed 20-04-16 Wed 27-04-16 4 RACI Chart ACTIVITY Project Manager Systems Analyst SMEF SMEA Application Programm Information System procedure Program Team member Quality Assuranc e procedure e Phase 1: Stating the requiremnts XXXX XXXXX XXXXX XXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXXXXX Director meeting R - - - - - - - Measuring the present situtauon C - - - - R - - system requirements C - - - - R - - Data collection procedure I R - - - - - - Management decision . I - - - - R - - Documentation phase 1 XXXXXXXX XXXXX XXXXX XXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXXXXX Developing the scope statement I - - R - - - - Deciding on the functional requirements of the ICT system I - - R - - - - Deciding on the non functional requirements of the ICT system I - - R - - - - Identifying the necessary requirements about the IT project implemantation I - - R - - - - Submission of documenst d - - - - - - - Proposal accepted XXXXXXXX XXXX XXXXX XXXXX XXXXXX XXXXXXXX XXXXXXX XXXXXXX Accence of changes indicated by client I R - - - - - - Predictiing tiem estimation - - R - - - - - Budget estimation of project - - R - - - - - Informig the client about the schedule . R A A - - - - - Client approves budget and schedule I - - - - - - - All proposals approved XXXXXXXX XXXXX XXXXX XXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXXXX Phase 2: Defining the entire project team XXXXXXXX XXXXX XXXXX XXXXX XXXXXXXXX XXXXXXXX XXXXXXX XXXXXXX Deciding on the team XXXXXXXX XXXXX XXXXX XXXXX XXXXXX XXXXXXX XXXXXX XXXXXXX Selection of project team R Selection of project leader R Deciding about the vision and mission about the project A I I I I I R I Documenting team rules R C C C C C C C Skill determination C - - - - R - - Implementing the trainung needs of the resource XXXXXXXX XXXX XXXXX XXXXX XXXXXXX XXXXXXX XXXXX XXXXXX Collecting information regarding the skill sets of the resources R - - - - - - - Documenting the roles and responsibilities of the project team R - - - - - - Training of resources A - - - - R - - Phase 3 : Establsihment phase of the organizatin XXXXXXXX XXXXX XXXXX XXXXX XXXXXXX XXXXXXX XXXXXX XXXXXX The nature of prototype XXXXX XXXXX XXXXX XXXXX XXXXXX XXXXXXX XXXXXX XXXXXXX The inherentdesign of the system A I I I I R I I Developing the prototype based on the primary designs A I I I I I R I Designing the prototype A R I I I I I I Taking into account the changes A I I I I R I I Requesting the client to approve the new design R I I I I I I Prototype approved by client XXXXX XXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXX Establishing the working model of the XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXX Design of the system A I I I I R I I Development of Coding procedures A I I I I I R I Test procedure A I I I I I I R Implementation of newer system and proceses A I I I I I R I Evaluating the Test A I I I I I I R Isystem commissioned R I I I I I I I Phase 4: Employee Training procedure XXXXXX XXXXXX XXXXXX XXXXXX XXXXXXX XXXXXXX XXXXXX XXXXXXX Documentaion of user manuals A - - R - - - - Training materials docmentation A - - R - - - - Desiging the training program A - - - R - - Phase 5: Project closure phase XXXXX XXXXX XXXXX XXXXX XXXXXX XXXXX XXXXXX XXXXXX Conducting the post implementation review A C R C C C C CI Client sign off R - - - - - - - Resarching the documents R I I I I I I I Terminatin of the project R - - - - - - - Project Charter of Tesco Work Schedule Project Milestone Date of Completion Stakeholder Judge Acceptance Criteria Preliminary survey of organizational requirements 4 days Investors Authentic presentation of the project requirements Gathering I T resources 7days IT Manager Relevant resources Assembling the machines 32 days IT Manager Offering effective assistance to the project Purchase of raw materials 25 days Operations Manager Relevant to the project requirements Order requirements 10 days Project Manager Efficient usage Preparation of retail constituents 5 days IT Manager Retail assessment Facilitating the preparation of foundation base 60 months IT Manager Engineer Strong foundation Development of product plan 28 days Project Manager Enhanced utilization of resources Estimation of Total time period 35 dayd Operation Manager Time limit or deadline Implementing the business analytics 14 days IT Manager Effective business operations Executing project requirement 12 days Project Manger Determining the project constituents Evaluating the results 15 days Achieving the objectives set at the outset Make required alteration 5 days Sponsor Strong business operations Risk Assessment Project Risk Risk Owner Raw material quality IT manager Cost of production Finance Manager Wrong assessment of raw materials Civil Engineer Lack of sponsorship Project Manager Equipment support procedure Procurement Manager Wrong preliminary design IT manager Insufficient use of resources Project manager Stakeholder management The IT project shall have an important effect on the stakeholders of a business enterprise. The cost incurred in these projects would add to the production expenses of the firm. In this regard, it can be said that this would enable the stakeholders to judge the existing condition of the business enterprise. Also the benefits related to the adoption of IT project management would be explained to the shareholders of the management to assist them to make important financial decisions of the business enterprise (Kaiser et al. 2015). The stakeholder management is a pertinent issue that can have an important effect on the implementation of IT project management. As such, these factors must be considered when building business applications and analytics in an organization. Communications Management The communications management have an essential influence on the relationship between the stakeholders of the management and the project management team. Regular reports are provided to the stakeholders regarding the progress of IT project management procedure and its implications on the current business processes, in the context of the retail market (Mller et al. 2013). Project control Gantt chart Outline Number Task Name Duration Start Finish Predecessors Resource Names 0 IT project management 86 days Mon 05-05-16 Mon 05-05-16 1 Project start date 0 days Mon 05-05-16 Mon 05-05-16 Project Manager 2 Phase 1: Requirement specification 18 days Mon 05-05-16 Wed 27-05-16 2.1 Meeting with key personells 0.5 days Mon 05-05-16 Mon 05-05-16 1 Project Manager 2.2 Assessing the present situation of the school 1 day Mon 05-05-16 Tue 05-05-16 3 Information System 2.3 Assessing the requirements of the system 0.5 days Tue 05-05-16 Tue 05-05-16 4 Information System 2.4 Collecting information about the methods currently being used 1 day Wed 06-05-16 Wed 06-05-16 5 Systems Analyst 2.5 Client meetings to decide on the design the system. 1 day Thu 07-05-16 Thu 07-05-16 6 Information System 2.6 Documentation phase 1 14 days Fri 08-05-16 Wed 27-05-16 2.6.1 Developing the scope statement 1 day Fri 08-05-16 Fri 08-05-16 7 Subject Matter Expert 2.6.2 The requirement of the IT project management 0.5 days Mon 11-05-16 Mon 11-05-16 9 Subject Matter Expert tasks (SMEA) 2.6.3 Emphasizing on functional requirements of the business applications and analytics processes 0.5 days Mon 11-05-16 Mon 11-05-16 10 Subject Matter Expert 2.6.4 Developing the documents to be used for identifying the functional and non-functional requirements of the Gantt chart 2 days Tue 12-05-16 Wed 13-05-16 11 Subject Matter Expert 2.6.5 Presentation of documents 1 day Thu 14-05-16 Thu 14-05-16 12 Project Manager 2.6.6 Acceptance of proposal 1 day Fri 15-05-16 Fri 15-05-16 13 2.6.7 Acceptance of changes indicated by client 2 days Mon 18-05-16 Tue 19-05-16 14 Systems Analyst 2.6.8 Time estimation of project 2 days Wed 20-05-16 Thu 21-05-16 15 Subject Matter Expert 2.6.9 Project budget estimation 2 days Fri 22-05-16 Mon 25-05-16 16 Subject Matter Expert 2.6.10 Schedule and budgetary requirements to the client. 1 day Tue 26-05-16 Tue 26-05-16 17 Project Manager 2.6.11 The procedure approval of budget and schedule 1 day Wed 27-05-16 Wed 27-05-16 18 2.7 Approval of proposals 0 days Wed 27-05-16 Wed 27-05-16 19 3 Phase 2: Defining the entire project team 8 days Thu 28-05-16 Mon 08-05-16 3.1 Approval of the team 3.5 days Thu 28-05-16 Tue 05-05-16 3.1.1 Selection of project team 0.5 days Thu 28-05-16 Thu 28-05-16 20 Project Manager 3.1.2 Selection of project leader 1 day Thu 28-05-16 Fri 29-05-16 23 Project Manager 3.1.3 Discussion on the mission and vision of the project undertaken 1 day Fri 29-05-16 Mon 05-05-16 24 Program Team member 3.1.4 Documenting team rules 0.5 days Mon 05-05-16 Mon 05-05-16 25 Project Manager 3.1.5 Skill determination 0.5 days Tue 05-05-16 Tue 05-05-16 26 Information System 3.2 Deciding on the training needs of the resources. 4.5 days Tue 05-05-16 Mon 08-05-16 3.2.1 Collecting information regarding the skill sets of the resources 1 day Tue 05-05-16 Wed 05-05-16 27 Project Manager 3.2.2 Documenting the roles and responsibilities of the project team 0.5 days Wed 05-05-16 Wed 05-05-16 29 Project Manager 3.2.3 Training of resources for development of skills and aptitude 3 days Thu 05-05-16 Mon 08-05-16 30 Program Team member 4 Phase 3 : Development phase 44 days Tue 09-05-16 Fri 08-05-16 4.1 The prototype 21 days Tue 09-05-16 Tue 08-05-16 4.1.1 Design relating to the system . 2 days Tue 09-05-16 Wed 10-05-16 31 Information System Expert 4.1.2 Establishment of prototype based on the primary designs 7 days Thu 11-05-16 Fri 19-05-16 34 Program Team member, Software [1] 4.1.3 Faciliataing clientTest 4 days Mon 22-05-16 Thu 25-05-16 35 Systems Analyst 4.1.4 Considering changes requested by the client 7 days Fri 26-05-16 Mon 07-05-16 36 System Expert 4.1.5 The procedure of approval of the client 1 day Tue 08-05-16 Tue 08-05-16 37 Project Manager 4.2 Prototype approved by client 0 days Tue 08-05-16 Tue 08-05-16 38 4.3 Establishment of the working model relating to the development of business applications and design 23 days Wed 09-05-16 Fri 08-05-16 4.3.1 Final design 4 days Wed 09-05-16 Mon 14-05-16 39 Information System Expert 4.3.2 Coding 12 days Tue 15-05-16 Wed 30-05-16 41 Program Team member 4.3.3 Test phase 2 days Thu 31-05-16 Fri 05-05-16 42 Quality Assurance Tester 4.3.4 system installation 3 days Mon 05-05-16 Wed 06-05-16 43 Program Team member 4.3.5 Integration examination (after the system has been used for a fewdays) 2 days Thu 07-05-16 Fri 08-05-16 44 Quality Assurance Tester 4.4 Business application system procedure 0 days Fri 08-04-16 Fri 08-05-16 45 Project Manager 5 Phase 4: Employee Training phase 13 days Mon 11-04-16 Wed 27-05-16 5.1 Documentation of user manuals and/ or the The IT project management system manuals 3 days Mon 11-04-16 Wed 13-05-16 46 Subject Matter Expert on administrative tasks (SMEA) 5.2 Documenting training materials 4 days Thu 14-04-16 Tue 19-05-16 48 Qualified personels facilaiting administrative tasks (SMEA) 5.3 Conducting a training program for the employees 6 days Wed 20-04-16 Wed 27-05-16 49 Information System procedure 6 Phase 5: Project closure phase 3 days Thu 28-04-16 Mon 05-05-16 6.1 Conducting the post implementation review 0.5 days Thu 28-04-16 Thu 28-05-16 50 Subject Matter Expert relating to finance and commerce (SMEF) 6.2 Role of client 0.5 days Thu 28-04-16 Thu 28-05-16 52 Project Manager 6.3 Documenting the 'Lessons learnt' 1 day Fri 29-04-16 Fri 29-05-16 53 Project Manager 6.4 Release project resources 1 day Mon 02-05-16 Mon 05-05-16 54 Project Manager 7 End of project 0 days Mon 02-05-16 Mon 05-05-16 55 Quality Management As per the goals and objectives of the organization, the following quality management standards have been established. Functional measurer- As per the objectives of the organization, the functional measures have been decided. The functional measures relate o the attributes that directly contribute to the goals and objectives of the organization (Bowers and Khorakian 2014). These relate to pertinent operational policies of the management of the organization. Non- functional measures The non-functional measures relates to the attributes that do not have a significant impact on the business success and failure of a business enterprise .These characteristics relate to the operational as well as financial strategies of a business enterprise Performance -- The performance of a business enterprise is dependent on a number of factors. These relate to favorable market conditions, the current market position of a business enterprise and other external factors that has been affecting the position of business enterprise. Regular reporting should be done to the stakeholders of the business organization regarding the specific details about the IT project (Joslin. and Mller 2015). The business applications as well as the analytics of the business enterprise shall have a potent effect on the Accuracy - The authenticity of the financial statements is an essential factor in determining the financial stability of a business enterprise. Thus, it is an important attribute that the organization has to consider when implementing IT project management procedure in a business enterprise. Security- The quality management of an organization places special emphasis on the protecting the important documents of a business enterprise (Teller 2013). This relates to prevent disclosing of financial and operational data of a business enterprise that can have an adverse impact on the reputation and goodwill of a business enterprise. Compatibility - The organization has to make efforts to be compatible to the business organization. In this regard, it can be said that compatible policies shall enable an organization to develop the corporate strategies that shall improve the existing business policies of an organization. Reliability - The organization policies has to be reliable in order to gain the trust of the shareholders as well as the employees of the organization. The reliable policies of an organization mostly refer to the traditional operational and manufacturing policies of an organization. Flexibility The most flexible financial policies of an organization refer to the human resource policies of an organization. It is expected that the human resource policies of an organization shall be suitable towards the implementation of IT project management procedures in the organization .This also relates to implementing newer business processes in the organization that shall require the assistance of the management of an organization . Financial Management The financial Management of an organization relates to the adopting costing techniques to reduce the business enterprise. This also relates to reducing the production expenses of a business enterprise by adopting efficient financial procedures. The projects finances shall be managed by the fair value method. The fair value method shall represent the authenticate performance of a business enterprise. In this regard, it can be said that it is the most preferred method of preparing the financial statement of a business enterprise as it states the most relevant financial figures of a business enterprise. Risk Management - The method of risk management assesses the business processes that identify the requirements that pose a threat to the sustainability. The risk management process entails proper coordination of the economic as well as the financial resources of a business enterprise In addition; it evaluates the necessary attributes that are vital to the implementation of business applications and analytics in an organization. Project Monitoring The project shall be managed through by giving regular reports to the management of a business organization. In addition, the operational department shall evaluate the performance of the newly established business applications and analytics against the standard yardstick set at the outset. In the case of any discrepancies, due measures shall be taken by the project management team to rectify the situation. Implement an in-depth project monitoring procedure would prevent unnecessary wastage of time and resources. Lessons learnt In the implementation of the newer business applications and analytics, the brand would be able to facilitate its production and customer service policies. However, this shall incur considerable expenditures. Therefore, the primary responsibility to establish a budget is to cover the requirements of the business organization. In addition , the total work should be allocated between the teams in the organization to complete it successfully requiring minimum time and resources . As 1such, a predetermined plan should be framed to avoid any hassles in the implementation of business applications and analytics to provide support to Tesco. References Kerzner, H. 2013. Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Burke, R., 2013.Project management: planning and control techniques. New Jersey, USA. Walker, A., 2015.Project management in construction. John Wiley Sons. Leach, L.P., 2014.Critical chain project management. Artech House. Phillips, J., 2013.PMP, Project Management Professional (Certification Study Guides). McGraw-Hill Osborne Media. Turner, J.R. ed., 2014. Gower handbook of project management. Gower Publishing, Ltd.. Marchewka, J.T., 2014. Information technology project management. John Wiley Sons. Heagney, J., 2012.Fundamentals of project management. AMACOM Div American Mgmt Assn. Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success.International Journal of Project Management,32(2), pp.202-217. Crawford, J.K., 2014.Project management maturity model. CRC Press. Unab, W. and Kundi, M.F.A., 2014. Review of Project Management (PM) Practices in Public Infrastructure Development Organizations of Pakistan.Journal of Strategy and Performance Management,2(4), p.144. Teller, J., Kock, A. and Gemnden, H.G., 2014. Risk management in project portfolios is more than managing project risks: a contingency perspective on risk management.Project Management Journal,45(4), pp.67-80. Meng, X., 2012. The effect of relationship management on project performance in construction.International journal of project management,30(2), pp.188-198. Young, T.L., 2013.Successful project management(Vol. 52). Kogan Page Publishers. Holzmann, V., 2013. A meta-analysis of brokering knowledge in project management.International Journal of Project Management,31(1), pp.2-13. Canils, M.C. and Bakens, R.J., 2012. The effects of Project Management Information Systems on decision making in a multi project environment. International Journal of Project Management, 30(2), pp.162-175. Lock, M.D., 2014.The essentials of project management. Ashgate Publishing, Ltd.. Tong, M. and Thomson, C., 2015. Developing a Critical Literature Review for Project Management Research.Designs, Methods and Practices for Research of Project Management, p.153. Besner, C. and Hobbs, B., 2013. Contextualized project management practice: A cluster analysis of practices and best practices.Project Management Journal,44(1), pp.17-34.