The case study is about a project to open a new Tesco Super Store

The is about a project to open a new Tesco Super Store - Case Study Example E. Stockwell (Simms, 26). The company expanded rapidly opening several stores from 1929 and eventually went public in 1947 when it was listed on the London Stock Exchange as Tesco Stores (Holdings) Limited. The company continued to grow through various acquisitions during the 1950s and 60s such as the acquisition of 70 Williamson's stores, 97 Charles Phillips stores, 212 Irwins stores, and 200 Harrow Stores outlets. At present, the company has continued to experience growth and success making a market leader within the grocery and general products retail market. The company’s stores are branded differently based on the location, size, and mode of acquisition. The main store brands are Tesco Extra, Tesco Metro, Tesco Express, Tesco Superstores, Tesco Homeplus, Dobbies, And One Stop. This paper aims to present the key elements involved in managing a successful project involving the opening of a new Tesco Superstore. It will discuss the key stages and associated tasks that will b e required in order to ensure overall success of the entire project, the project management processes and techniques that should be applied during the life of the project, and the important skills and competencies required by the project manager and team to achieve a successful project. Key stages and associated tasks required to ensure overall success of the project A project is usually described as a temporary group activity that is intended to produce a unique result, product, or service (Project Management Institute, 5). As such, a project is a plan of work that is aimed at bringing a beneficial change and is therefore expected to have a defined beginning and an end, and bears a scope of work that usually is unique and entails a lot of uncertainty (Prabhakar, 4). In addition, a project has several times, cost, and quality constraints and requires a multi-disciplinary team to carry out the project to its end. In order for a project to be successful, it must: Deliver the required benefits and outcomes expected by the organization, major stakeholders, delivery partners, and any other stakeholders involved in the project. Stay within the set out time targets and financial budgets; Engage the correct people and utilize the resources available within the organization and elsewhere appropriately (Cleland and Roland 176). Produce and realize deliverables that adhere to the agreed requirements; Have the necessary risk management skills and techniques required to manage adequately any risks that may arise and could jeopardize its success; Take into consideration of any changes that could occur in the manner in which the organization operates and all the diverse needs of the employees and other key stakeholders who shall be impacted by the various changes that may arise from the project. Five main stages of a project that must be undertaken in order to achieve success, namely: Initiating Under this stage, the management within an organization identifies a key busines s problem facing the organization or a unique opportunity that the organization could pursue and a possible business case that could provide a possible solution is identified. One needs to understand the environment within which the business operates in to be able to identify the scope of the project and the