Unit 6: Management a Successful Business Project

ASSIGNMENT 1 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 6: Management a Successful Business Project (491)
Submission date 2/10/2020 Date received (1st submission)
Re-submission date Date received (2nd submission)
Student name Nguyen Ba Cuong Student ID GCH18483
Class GBH0902 Assessor name Dang Son Tung
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that
making a false declaration is a form of malpractice.
Student’s signature:
Cuong
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ContentsI. Introduction:........................................................................................................................................................4
II. Project aims and Objectives:...............................................................................................................................4
III. Project management plan:..............................................................................................................................5
1. Cost:.................................................................................................................................................................5
2. Scope:..............................................................................................................................................................5
3. Time:................................................................................................................................................................6
4. Milestone Schedule:........................................................................................................................................6
5. Quality:............................................................................................................................................................6
6. Communication:..............................................................................................................................................7
7. Risk and resources:..........................................................................................................................................7
IV. Work Breakdown and Gantt Chart:..................................................................................................................9
1. Work Breakdown Structure:............................................................................................................................9
2. Gantt Chart:...................................................................................................................................................10
V. Primary Data:.....................................................................................................................................................10
Qualitative research:.............................................................................................................................................10
1.1. Talent management clarification:..........................................................................................................10
1.2. Understand the age of group:................................................................................................................12
1.3. Determine the method of TM of each age group:.................................................................................14
VI. Research Methods:........................................................................................................................................16
1. Primary Research:..........................................................................................................................................16
2. Secondary Research:......................................................................................................................................17
3. Quantitative Research:..................................................................................................................................18
4. Qualitative Research:.....................................................................................................................................19
VII. Conclusion:....................................................................................................................................................20
Bibliography...............................................................................................................................................................21
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I. Introduction:
The age profiles in the companies is a matter of constant concern. Because it affects
every department of the organization, this would have a significant effect on the
corporate growth. The key aim of this report is therefore to perform a small experiment
to collect knowledge and evaluate how other organization tackle this issue.
II. Project aims and Objectives:
The workers of today are employed longer than their predecessors; the average
workplace will have four generations or more. Although this age diversity is certainly
something to celebrate, keeping everybody happy could feel like a real challenge for
business leaders. One of the biggest problems facing business leaders is that a team
spanning 16 to 60 years old will be difficult to manage. Each age has many different
views in their life and career. That shows us that when it comes to work they will all
have different wants and needs [ CITATION Con19 \l 1033 ]. That said, one of the things
that is essential to helping a business succeed is must come up with a project for
talent management by age.
-To clarify talent management
-To Defining the various age groups in the organization
-To confirm the method of talent management for each age group
A research performed conducted by Rocio Lorenzo and his team found that the more
diverse an organization is the more creative it becomes. Through global surveys of
1700 businesses, research found that only 26% of innovation was achieved in
companies with below average diversity. On the other hand, it accounts for more than
45% of innovation revenue in above average diversified companies. These
businesses often pursue unconventional solutions to the problem and generate more
and better ideas, with a higher chance that any of them will become the market's
winning goods and services (Hrinasia, 2018).
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For example, when a new project is launched from the younger generation in the
company, the previous generations with more experience will make an opinion based
on their previous real-world knowledge. From there they can coordinate very carefully
and reasonably to decide whether the project is feasible or not. Furthermore, along
with a variety of perspectives on issues in many aspects, company will have more
effective solutions to corporate problems.
III. Project management plan:
1. Cost:
One of the things needed to link a detailed project with large external organizations
requires large capital investment. The cost calculation is very important to the
success of the project in the future. The cost of the initiative includes project
preparation and payment for staff to collect and analyze data on age group
diversification issues within the business. Salary of £ 8/60 working hours, excluding
other support fees (paper money, travel expenses, ...) The total estimated cost the
company has to pay for this project is £ 500.
2. Scope:
1.1. Deliverables:
With this large-scale research project, Deliverables will give the company a
better overview of talent management, its advantages and disadvantages to
minimize the risk of avoiding dissent within the company. Knowing the
knowledge, personality and how to work about age groups, leaders will
more easily manage and operate their subordinates. Knowing what age
groups want will help motivate them to optimize their productivity. Contribute
to making the company growing stronger.
1.2. Technical requirements:
Technical requirements require project workers to have knowledge and
experience on this topic. Factors such as processing, analyzing and
evaluating ability, logical thinking, and agility must be included in order to
achieve high efficiency in understanding project information. Research and
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research to give authentic information, have high confidence and give an
objective comment about the project.
1.3. Limits and exclusions:
This project makes us have a little bit of difficulty and disadvantage in terms
of knowledge because this topic takes a lot of time to do field research in
companies to make the most accurate comments. The project only studies
age groups while talent management is evaluated by many different factors
leading to these making the assessment not so objective.
3. Time:
The project is carried out from 8 August 2020 to 20 October 2020 and excluding
weekends. Since this is a project that takes time to complete the survey of large
external organizations, it is necessary to consult and authorize the company
management.
4. Milestone Schedule:
Milestone Schedule Project Duration
Draft Proposal 09/24/2020
Project Proposal 10/01/2020
Draft Findings 10/13/2020
Research Findings 10/20/2020
5. Quality:
According to the International Organization for Standardization (ISO), Quality is the
frequency at which the available properties of a product or service meet the set
requirements or latent requirements. [ CITATION Kha19 \l 1033 ].
According to the Project Management Institute (PMI), Project Quality requires
policies and practices that identify the project's quality strategy, priorities and
responsibility to address the needs with which it has been implemented.[ CITATION
Kha19 \l 1033 ].
In this project, we will base on the standard criteria to evaluate the quality of the
project. Outlines the measures that need to be taken in advance to successfully
implement the project.
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