(BM562) Reflection assignment solving the business problem of a client and identifying gaps

Question

Task: Reflect on the process of solving your client’s business problem and evaluate your learning and your skills development. Identify THREE skills gaps or areas where you consider that further development would be useful. Propose a plan of action for filling these gaps/developing these areas in your reflection assignment.

Answer

Introduction
This reflection assignment reflects an individual who works with a team on a project. This reflection assignment has four tasks that provide much knowledge about project management and experience in working with the team. This reflection assignment provides knowledge about what skills he developed while working with a team and with professionals. This report mentions what he learnt that he never knew before working with the team on a project. While working with the team he faced many challenges and after that he become confident. This reflection assignment tells what extent of his level of confidence improved. How he uses his learning in the future also provide in this reflection assignment. The purpose of this reflection assignment reflects on skills gaps and how they might be addressed.

Task #1 of the reflection assignment
Through working on this reflection assignmentproject, I have developed and enhanced my skills in critical thinking, problem-solving, and project management. I have also gained a better understanding of the software development process and the importance of user experience design. I have also gained a better understanding of the business problem that our client was facing, and how to best solve it. I have learned how to effectively communicate with clients and team members, and how to manage stakeholders. My level of confidence has improved significantly as a result of this reflection assignment project. I am now more confident in my ability to solve complex business problems and manage software development projects from start to finish. I am also more confident in my ability to communicate with clients and stakeholders. I believe that my learning from this project will be invaluable in my future career. I am now more confident and capable in my ability to solve complex business problems and manage software development projects. I am also better equipped to communicate with clients and stakeholders.

Critical Thinking: When analysing a reflection assignment problem, a graduate trainee financial advisor must use critical thinking to identify the root cause of the issue (Tregoe,2022). They will need to ask questions to understand all sides of the problem and identify any potential biases. Once the root cause of the problem is identified, the advisor will need to develop a plan of action to solve the problem. This reflection assignment plan will need to be based on logical reasoning and evidence-based research. The advisor will need to be able to defend their plan of action to their clients and other stakeholders.

Problem Solving: While working on a reflection assignment project we face different problems such as miscommunication with the client, delays in delivering the project, scope creep, and sometimes financial issues (Kaplan, 2022). For example, the project needs perfect planning and execution to be complete according to the client’s demand. During the management phase team suffered from many problems, and these problems need to be prevented as soon as possible. A lack of problem-solving skills can affect the reflection assignment project delivery time because of this there can be fluctuation in the project budget and can even lead to the withdrawal of the project by the client. A problem-solving skill that is important in project management is the ability to identify the root cause of a problem. This skill is important because it can help you to prevent the problem from happening again in the future.

Project Management discussed in the reflection assignment
The ability to manage a project from start to finish is essential for any project manager(Landau, 2022). This includes developing the project plan, setting deadlines, assigning tasks, and ensuring the project stays on track.

Communication skills: Project managers must be able to effectively communicate with their team, clients, and other stakeholders. This includes oral and written communication, as well as active listening.
leadership skills: A project manager must be able to lead their team and get the best out of them. This includes motivating team members, setting expectations, and providing feedback. organizational skills: Project managers for reflection assignmentmust be able to keep track of all the moving parts of a project. This includes knowing what needs to be done when it needs to be done, and who is responsible for each task.

Time management skills: Project managers must be able to effectively manage their time, as well as the time of their team. This includes setting deadlines, creating a schedule, and ensuring that the project stays on track.

Future Career
My learning from this project has been invaluable and I will be able to use it in my future career in a number of ways. Firstly, I have learnt how to work effectively as part of a team to solve a business problem. This is a skill that will be essential in any future career. Secondly, I have learnt how to communicate effectively with clients. This is an important skill as it allows me to understand their needs and explain the solutions that we have developed for the reflection assignment. Finally, I have learnt how to use a number of different tools and technologies to solve business problems. This is a valuable skill as it allows me to be adaptable and to find the best solution for the problem at hand. I believe that the skills and knowledge I have acquired from this project will be extremely valuable in my future career. I am now able to approach business problems with a greater understanding of how to identify and solve them. I am also more confident in my ability to communicate findings and recommendations to clients and other stakeholders.For example, I will be able to use my problem-solving skills to identify and solve problems in my future work. I will also be able to use my teamwork skills to work effectively with others to achieve common goals. And, I will be able to use my communication skills to effectively communicate with others, both in writing the reflection assignmentand in person.

Task #2 of the reflection assignment
I had the opportunity to work with a team of highly skilled professionals who were able to solve the client’s business problem. I was able to learn from them and develop my reflection assignmentskills. I believe that there are three areas where I need to continue to develop my skills to be successful in my business career.

1. Developing a more comprehensive understanding of financial analysis and accounting
2. Improving skills in project management
3. Gaining further experience in marketing
1. Developing a more comprehensive understanding of financial analysis and accounting: As a Graduate Trainee financial advisor, I need to be able to understand the client’s business problem and requirements and then translate these into a solution that the IT team can deliver (Kenton, 2022).To do this effectively as mentioned in the reflection assignment, I need to develop my business analysis skills further. I need to learn how to carry out a business analysis in a structured way, using techniques such as requirements gathering and requirements analysis. I also need to learn how to use tools and techniques such as business process modelling and data modelling.

2. Improving skills in project management: As a Graduate trainee financial advisor, I will often be involved in projects (Wormley, 2016). To be successful in managing projects, I need to develop my project management skills. I need to learn how to plan, schedule and monitor reflection assignmentprojects. I also need to learn how to control project costs and risks. Project management needs that skills can reduce project costs.

3. Gaining further experience in marketing: As a graduate trainee financial advisor, I need to gain experience in marketing because it allows me to know the market status and also allows me to be updated about people’s needs (Kang, 2022).

Action Plan discussed in the reflection assignment
1) Developing a more comprehensive understanding of financial analysis and accounting In order to develop a more comprehensive understanding of financial analysis and accounting, it is recommended in the reflection assignmentthat the individual take on additional coursework in these areas. This could be done either through formal study at a tertiary institution or through self-study using online resources or textbooks. In addition, it would be beneficial to seek out opportunities to put this knowledge into practice through internships or other work experience placements.

2) Improving skills in project management There are a number of ways in which skills in project management could be improved. Firstly, it is recommended that the individual seek out opportunities to take on more responsibility for managing projects, in order to gain first-hand experience. Additionally, it would be beneficial to undertake formal training in project management, either through a course offered at a tertiary institution or through an online program. Finally, reading project management-related books, reflection assignment or articles, and participating in project management-related forums or online communities, can also help to improve skills in this area.
3) Gaining further experience in marketing to gain further experience in marketing, it is recommended that the individual seek out opportunities to work on marketing campaigns or projects, either through internships or other work experience placements. Additionally, it would be beneficial to undertake formal study in marketing, either through a course offered at a tertiary institution or through an online program. Finally, staying up-to-date with marketing news and trends, and reading marketing-related books, reflection assignment or articles, can also help to improve skills in this area.

Conclusion
This reflection assignmentconcludes that working with a team and experts can teach me many things. Project management taught me many things that how I manage a team, face challenges, and communicate with clients. This project helped me to boost my confidence and I found three skills gaps areas that I have to enhance. This reflection assignmentprovides some action plan that helps to overcome these three skills gap areas.

References
Kang, P. (2022) 7 unique ways to gain marketing experience in 2022, Acadium. Available at: https://acadium.com/blog/marketing-experience/ (Accessed: November 22, 2022). https://acadium.com/blog/marketing-experience/
Kaplan, Z. (2022) What are problem-solving skills? definition and examples, Forage. Available at: https://www.theforage.com/blog/skills/problem-solving-skills#:~:text=Problem%2Dsolving%20skills%20are%20the,and%20implement%20the%20best%20solutions. (Accessed: November 22, 2022). https://www.theforage.com/blog/skills/problem-solving-skills#:~:text=Problem%2Dsolving%20skills%20are%20the,and%20implement%20the%20best%20solutions.
Kenton, W. (2022) Financial statement analysis: How it's done, by statement type, Investopedia. Investopedia. Available at: https://www.investopedia.com/terms/f/financial-statement-analysis.asp
(Accessed: November 22, 2022). https://www.investopedia.com/terms/f/financial-statement-analysis.asp Landau, P. (2022) Top 20 project management skills for 2022, ProjectManager. ProjectManager. Available at: https://www.projectmanager.com/blog/project-management-skills (Accessed: November 22, 2022). https://www.projectmanager.com/blog/project-management-skills

Tregoe, K. (2022) Critical Thinking Skills Increase income for grads: Consulting and training solutions: Kepner Tregoe, Kepner Tregoe | Leaders in problem solving. Available at: https://kepner-tregoe.com/blogs/critical-thinking-skills-increase-income-for-grads/ (Accessed: November 22, 2022). https://kepner-tregoe.com/blogs/critical-thinking-skills-increase-income-for-grads/
Wormley, R. (2016) 18 ways to improve your project management skills as a small business owner, When I Work. Available at: https://wheniwork.com/blog/project-management-skills (Accessed: November 22, 2022). https://wheniwork.com/blog/project-management-skills