Management a Successful Business Project Assignment
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ASSIGNMENT 2 QualificationBTEC Level 4 HND Diploma in Business Unit number and titleUnit 6: Management a Successful Business Project (491) Submission date11/03/2021Date received (1stsubmission) Re-submission date15/03/2021Date received (2ndsubmission) Student nameDO TRAN TUYENStudent IDGBS200028 ClassGBS0811Assessor nameHUYNH AI VAN 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: Grading grid P5P6P7M3M4D2
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Format:This assignment is an Individual report. You must use fontCalibri size 12, set number of the pages and use multiple line spacing at 1.5 with Justify Text to enhance the legibility for markers. Margins must be: left: 1.25 cm; right: 1 cm; top: 1 cm and bottom: 1 cm.The reference followsHarvard referencing system. The recommendedword limit is 2000 words (+/- 10%). The cover page of the report has to be theAssignment front sheet 1.z SubmissionStudents are compulsory to submit the assignment in due date and in a way requested by the lecturer. The form of submission will be a hard copy or a soft copy posted onhttp://cms.greenwich.edu.vn/.Remember to convert the word file intoPDF filebefore the submission on CMS. Otherwise, you will fail and have to retake the assignment. Note:The individual Assignmentmustbe your own work, and not copied by or from another student or from books etc. If you use ideas, quotes or data (such as diagrams) from books, journals or other sources, you must reference your sources, using the Harvard style. Make sure that you know how to reference properly, and that understand the guidelines on plagiarism.If you do not, you definitely get fail! Unit Learning Outcomes: LO3Presenttheprojectandcommunicateappropriaterecommendationsbasedon meaningful conclusions drawn from the evidence findings and/or analysis LO4Reflect on the value gained from conducting the project and its usefulness to support sustainable organisational performance. Assignment Brief and Guidance: Theme:Talent Management. After completing the project management plan, you are required to implement and report the result. These are your tasks for the second phase: Page4of28
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1.Present and discuss your research findings and data in the form of a report. 2.Communicate appropriate recommendations based on the results of findings and data analysis to draw valid and meaningful conclusions. 3.Reflect on the value of project management process to meet the stated objectives and support own learning and performance. Use the following suggestions: •What did you aim to achieve through your work? •Did your work succeed in achieving your aims? How do you know? Specifically, please outline any evaluation and assessment undertaken. •What aspects of your development process do you think worked well and why? Evaluate all aspects of the project (e.g. initial research, concept development, development process, presentation, etc.) from a range of perspectives. •What problems emerged during the project and how were they tackled? Was there timely identification of issues and resolution during the project process? •What did you learn from undertaking the project? •What are the strengths and weaknesses of your process that you have identified? •How could your process improve for the future? 4.Evaluate the selection of appropriate tools and techniques for accuracy and authenticity to support and justify recommendations 5.Evaluate the value of the project management process and the use of quality research to meet stated objectives and support own learning and performance 6.Critically evaluate and reflect on the benefits of the project’s findings and recommendations. 7.Critically evaluate the project management process by giving detailed answers to all questions in the weekly logbooks. 8.Logbook must be attached to student’s portfolio. PassMeritDistinction LO3Present the project and communicate appropriate recommendationsbasedonmeaningfulconclusions drawn from the evidence findings and/or analysis D2Critically evaluate and reflect ontheprojectoutcomes,the decision-makingprocessand changes or Page5of28
P5Analyseresearchand datausingappropriate toolsandtechniques meeting project aims and objectives P6Communicate appropriate recommendationsasa result of research and data analysis to draw valid and meaningful conclusions M3Evaluate the selection of appropriatetoolsand techniques for accuracy and authenticity to support and justify recommendations developments of the initial project managementplantosupport justificationofrecommendations and learning during the project LO4Reflect on the value gained from conducting the projectanditsusefulnesstosupportsustainable organisational performance P7Reflect on the value of undertakingtheresearch to meet stated objectives andownlearningand performance M4Evaluate the value of the project management process and use of quality research tomeetstatedobjectives andsupportownlearning and performance Table of Contents I.INTRODUCTION..................................................................................................................................... II.Methodology......................................................................................................................................... 1.Secondary/ Primary Data...................................................................................................................... 2.Quantitative/Qualitative data............................................................................................................. 3.Reliability and Validity........................................................................................................................ 4.PROJECT MANAGEMENT.................................................................................................................... 5.RACI Matrix......................................................................................................................................... III.PROJECT RESULTS AND ANALYSIS.......................................................................................................15 IV.LIMITATIONS OF THE PROJECT...........................................................................................................20 V.RECOMENDATIONS.............................................................................................................................20 Page6of28
VI.CRITICAL REVIEW................................................................................................................................22 1.Objective achievements...................................................................................................................... 2.Benefits of the project........................................................................................................................ 3.Performance evaluation..................................................................................................................... 4.Talent Management........................................................................................................................... 5.Learned experience............................................................................................................................ VII.WEEKLY LOGBOOK..............................................................................................................................25 VIII.CONCLUSION.......................................................................................................................................27 References.................................................................................................................................................. ASSIGNMENT 2 I.INTRODUCTION This task would review the project's findings and share specific recommendations focused on descriptive studies resulting from evaluations and data collection. Furthermore, I will focus on the project's advantages and value, as well as its usefulness in improving and promoting long-term operational performance. Most businesses must now cope with a staffing deficit. The lack of personnel would have a significant negative effect on the company. Since prompt workforce replenishment is important, the Human Resource department will be under a lot of pressure to locate replacements.The theory is as follows: Mistakes in employment purposes - hiring workers solely for the purpose of finding the best candidates for the right jobs. As a consequence, it is highly possible that you will end up recruiting the wrong employee, losing a lot of money and resources. Simultaneously, there is a mismatch between the number of positions and the number of workers. The quantitative data collection methods will be implemented with the support of an offline survey through questionnaires (15 questions) provided to 200 employees from middle management or below of Honda Company (branch at Ho Chi Minh City).The implementation period isfrom 31 Dec 2020 to 3 Feb 2021 with the budget68.360.000 VND. Additionally,there are 7 pre-estimated risks of design, evaluation, incomplete information, force majeure solution, make a survey, and technology. This could allow the project to collect relevant data: The current recruiting process consistency, the degree of match between the amount of assignments and the workers' abilities to succeed, and a need to enhance the company's current Human Resource management efficiency. The project's three main objectives are as follows: Page7of28
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+ It's obvious that rescinding more than half of the survey is a bad idea (employees are not able toanswer questions thoroughly) + Obtaining the participation of more than 150 employees in the survey. + After reviewing the survey data, the director of Human Resources must come up with at least one solution to the issue and send it to the BOD. II.Methodology 1.Secondary/ Primary Data Secondary datais information that has already been gathered from primary sources that has been made accessible for researchers to use in their own study. That may be information that has already been gathered in the past. A researcher could have gathered information for a particular project and only made it available for use by another observer. The data may also have been gathered for general use without a specific purpose in mind, such as in the case of a national census. Primary datais information that has been gathered from primary sources and made immediately accessible for analysts to use. Primary data is the type of information that is collected by analysts directly from fundamental sources of auxiliary data is the type of information that has been collected by primary sources and made promptly available for analysts to exploxit for their posses reserch. ProsCons Priamry DataPrimary data is specific to the needs of the researcher at the moment of data collection. The researcher is able to control the kind of data that is being collected. It is accurate compared to secondary data. The data is not subjected to personal bias and as such the authenticity can be trusted. The researcher exhibit ownership of the data collected throughprimary research. He or she may choose to make it available publicly, patent it, or even sell it. Primary data is usually up Primary data is very expensive compared to secondary data. Therefore, it might be difficult to collect primary data. It is time-consuming. It may not be feasible to collect primary data in some cases due to its complexity and required commitment. Page8of28
to date because it collects data in real-time and does not collect data from old sources. The researcher has full control over the data collected throughprimary research. He can decide which design, method, and data analysis techniques to be used Secondary DataSecondary data is easily accessible compared to primary data. Secondary data is available on different platforms that can be accessed by the researcher. Secondary data is very affordable. It requires little to no cost to acquire them because they are sometimes given out for free. The time spent on collecting secondary data is usually very little compared to that of primary data. Secondary data makes it possible to carry out longitudinal studies without having to wait for a long time to draw conclusions. It helps to generate new insights into existing primary data. Secondary data may not be authentic and reliable. A researcher may need to further verify the data collected from the available sources. Researchers may have to deal with irrelevant data before finally finding the required data. Some of the data is exaggerated due to the personal bias of the data source. Secondary data sources are sometimes outdated with no new data to replace the old ones. Page9of28
According to the comparison table and the survey forms we did before, the data we gathered for this project isprimary data. The advantages of Primary Data, and vice versa, have provided Honda Company with a stable data system and allowed them to complete the project on time. To begin with, since Honda is a comparatively new motorcycles/cars business that runs constantly, it is crucial to keep up with developments and innovate on a daily basis. As a result, Primary Data has fulfilled the prerequisite of being a modern, leading, and sufficient data source at this time. Moreover, since Honda is a reasonably big automobile manufacturing firm with a significant stake in Vietnam, the survey methodology necessitates thoroughness, meticulousness, and attention to detail in each survey, ensuring that the data obtained is the most accurate data available. And, as previously said, our project will be surveyed. That also ensures that we can conduct separate surveys on each aspect of the automobile industry in order to gather input from a variety of sources to ensure that the information is accurate and not influenced by any entities or organisations. In addition, the expense is high, and the HR department of the organization spends a lot of time on it. However, with a strong commitment in both resources and time, the outputs will be of high quality, and project execution failures will be negligible. Ultimately, based on the analysis of big project managers, the primary evidence has a high level of reliability and has been used by Hondain the project. 2.Quantitative/Qualitative data a)Qualitative datais non-statistical and is typically unstructured or semi-structured in nature. This data isn’t necessarily measured using hard numbers used to develop graphs and charts. Instead, it is categorized based on properties, attributes, labels, and other identifiers. Qualitative datacan be used to ask the question “why.” It is investigative and is often open-ended until further research is conducted. Generating this data from qualitative research is used for theorizations, interpretations, developing hypotheses, and initial understandings. Qualitative datacan be generated through: Texts and documents Audio and video recordings Images and symbols Interview transcripts and focus groups Observations and notes Page10of28
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When conducting the survey, I opted to use the questionnaire as the primary method for data collection and analysis. According to my estimation, the questionnaire survey approach is an important survey method for gathering primary data and information for testing purposes. At the same time, I develop questionnaires using two primary research methods: quantitative and qualitative research methods. The collection of data in text form is common in qualitative analysis methods. The data analysis findings of qualitative testing approaches are primarily focused on common ground, and the argument is considered important (Hussey and Hussey, 2013).I asked all workers to write their thoughts and responses in words on this questionnaire form in order to learn the basic reasons and opinions when they are unhappy with each subject (question 6, 10, 14). In addition, in order to acquire clear explanations and rational solutions in line with employee standards, I had posed some open questions that all surveyors were expected to respond to by writing down their thoughts and expectations (question 12).Open-ended questions, which have the advantage of being simple to present, allow respondents to present their perspective using words that is relevant to their situation, helping the researcher gain in-depth information.The team representatives then collected and reviewed all of the responses in order to identify the issues and possible solutions. When I'm synthesizing the employee's comments, I pay close attention to the amount of causes and ideas that emerge, as well as how relevant they are. The numerical rank may be counted, but the value is determined by the input given to each response depending on the circumstances. The project team should create a list of explanations and strategies based on this outcome in order to make the right choices for the project's productivity. b)Quantitative datais statistical and is typically structured in nature– meaning it is more rigid and defined. This type of data is measured using numbers and values, which makes it a more suitable candidate for data analysis. Whereas qualitative is open for exploration, quantitative data is much more concise and close-ended. It can be used to ask the questions “how much” or “how many,” followed by conclusive information. Quantitative data can be generated through: Tests Experiments Surveys Market reports Metrics Page11of28
Quantitative data about strategies regularly center on collecting information in numeric shape or changing over information into numbers for investigation. The conclusions within the Quantitative investigate strategies information investigation are basically based on the general, which implies within the lion's share (Hussey and Hussey, 2013). Particularly, within the survey of the over extend, in arrange to know the quality of the current enlistmenthandle, I outlined closed questions related to the degree of fulfillment in particular viewpoints and gave accessible answers (Questions 9, 10, 11). In expansion, to discover out almost the challenges workers confront as well as the level of detail almost the critical data given to them amid the recruitment handle, I built a list of important data and allow accessible answers for the surveyor to choose (questions 5, 6, 7, 8). At the same time, I did a comparable planforfindingoutthecoordinatebetweenthenumberofemploymentsandtheemployee's responsiveness through questions 13 and 14. Then, based on all of the employees' responses, I'll compile the key findings they provided. The key findings indicate that the issues and views expressed by the majority of workers are similar. Since the answers provided by the majority of the workers are not reflective, I will dismiss them.The quantitative data collection techniques will be applied with the aid of an offline survey consisting of 15 question questionnaires circulated to 200 Honda workers in middle management or below (branch at Ho Chi Minh City). The combination of the two approaches above would provide the assessor with a more precise and comprehensive view of the study challenge, improving the survey's precision and reliability and ensuring the most accurate outcomes. 3.Reliability and Validity Reliability and validityare concepts used to evaluate the quality of research. They indicate how well amethod, technique or test measures something. Reliability is about theconsistencyof a measure, and validity is about theaccuracyof a measure. It’s important to consider reliability and validity when you are creating yourresearch design, planning your methods, and writing up your results, especially inquantitative research. ReliabilityValidity What does it tell you?Ifthetestisrepeated underthesame circumstances, the degree to which the findings can be replicated. Thedegreetowhichthe effectscorrectlyreflect whattheyaremeantto reflect. How is it assessed?Byexaminingthe accuracyofoutcomes over time, across different observers,andthrough differentsectionsofthe test. By comparing the findings toexistinghypotheses andothertestsofthe sameprinciple,youwill see how much they match up. Page12of28
How do they relate?Atruecalculationisnot alwaysreliable:the results can be repeatable, buttheyarenotalways accurate. Acorrectcalculationis usuallydependable: precisemeasurements fromatestshouldbe repeatable. 4.PROJECT MANAGEMENT The application of information, expertise, methods, and strategies to project tasks in order to fulfill project specifications is known as project management. There are two widely used project management models: Waterfall and Agile. •Waterfallis a project management method that follows a linear and sequential design process. To put it another way, the project stages are finished one after the other, with the next process beginning just after the previous one has been completed.(saga.vn, 2020). Advantages:Planning and budgeting are simple to create. Furthermore, since the individual in charge of developing each procedure is highly specialized and does not need any equipment other than the process itself, preparing and hiring people is relatively simple. (saga.vn, 2020). Disadvantages:If issues are found after the deliverables have been completed, re- development can be time-consuming and expensive. (saga.vn, 2020). •AgileIf issues are found after the deliverables have been delivered, it would be time-consuming and expensive to re-develop is described as a project management strategy that requires continuously repeating the development and testing phases of project development. Unlike the Waterfall model, development and testing was done simultaneously in this model. This process enables more communication between customers, developers, managers, and testers (saga.vn, 2020). + Advantages:The agile growth process repeats development and provisioning so that new technologies and features can be delivered to consumers more quickly. Both the developer and the customer profit from growth and, at the same time, reflecting the actual desire of the user into the product. +Disadvantages:It is possible to stray from creation due to so much flexibility, particularly if the original slogan is not frequently revised (saga.vn, 2020). For this project, as a project manager I highly evaluate this is just a small project with a small scale, and relatively little complexity, so applying the Waterfall management model is the most appropriate method to manage this entire project. All criteria were clearly defined at the beginning, after the project scope was defined, team members were assigned work with specific goals and execution schedules. Each person covered an aspect or part of the project. These parts were operated sequentially according to the process, the project phases were carried out one by one and after Page13of28
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another, the new phase was only started when the previous stage had been completed. In addition, the application of Waterfall methodology would reduce the risk of the project, because each phase of Waterfall requires a certain amount of work to be completed and rechecked, so the project manager will have more opportunities to find, fix flaws or problems and fix them in place, before moving on to the next stage. At the same time, Waterfall focuses on documentation in phases, making it easy for the project manager to communicate its approach to stakeholders. Furthermore, stakeholders could also refer to the documentation whenever they need more detailed information (such as cost, size, timing and so on). 5.RACI Matrix 5.1. What is the RACI matrix? The RACI matrix is a responsibility assignment map that outlines all significant assignments, milestones, or actions relating to the execution of a project and assigns which positions are necessary for each action item, which people are responsible, and who should be consulted or informed, as necessary. In any project, the RACI cluster represents four functions that stakeholders may play. R - Responsible: This is the one who will accomplish the job by doing the job. At least one Responsible Party is required for each task, but more may be allocated. A - Accountable: The last one responsible for completing the transition or job outcomes correctly and fully, as well as assigning the role to responsive individuals. To put it another way, this individual must sign (approve) the outcomes. For each mission or outcome delivered, only one Accountable is listed. C - Consulted: People who have been consulted, mostly problem solvers. I - Informed: Members of this community just need to keep up with mission success while finishing projects or sharing files, and they aren't concerned with the finer points. 5.2. Benefits of RACI matrix The RACI matrix, at its heart, assists you in establishing consistent standards for team participants' positions and obligations. Since the activities are well identified in advance, this would aid in combating several individuals who are overlapping on the same job or working against each other. A RACI matrix also allows team members to take responsibility for their work and, if necessary, defer action for others in order to behave appropriately. 5.3. The simple process for RACI modeling consists of the following five steps: +Step 1: Identify all project-related tasks and list them in order of completion on the left side of the table. +Step 2: Make a list of all the persons and organizations interested with or linked to the project at the top of the chart. +Step 3: Complete the model plots by deciding who is responsible for each mission, who will complete it, and who will be consulted and informed. +Step 4: Ascertain that each assignment is completed by at least one stakeholder (R) and that no task is assigned to more than one individual (A). +Step 5: Present and negotiate the RACI concept with stakeholders in order to reach a consensus before starting the project. This will involve settling any disagreements or ambiguous questions. 5.4. RACI Matrix for this project Roleinthe project Theheadof Financial Department CEOProject managers EmployeesProject Member Page14of28
Completethe planning of the project IIR/AIR Complete project approval IIAIR Opinion surveyIIACR Evaluation and project start IIAIR III.PROJECT RESULTS AND ANALYSIS +Report quantity results Number of employeesparticipated in the survey:180 / 200 people - 90% (achieved objectives) Number of valid questionnaires: 172 / 180 survey forms – 95.6% (achieved objectives) Number of invalid questionnaires: 8 / 180 survey forms After collecting all the questionnaire forms, the HR members had carried out the process of checking and filtering the validity of the questionnaire forms. The forms that were answered inappropriately will be discarded. Final results will be analyzed based on 180 authentic answered survey forms. +Report the results of the data analysis collected •Currently, which department of the company are you working in? 12% 18% 48% 22% the positions HR Makerting Sales Others Page15of28
Based on the pie chart above, the collected data shows that about 12% of the surveyors are in the HR department, 18% in the Marketing department, 48% in Sales department and 22% in the others department. A.Recruitment process •How do you know about recruitment information? 59% 18% 24% How to know about recruitment information On the internet Relatives and friends The company websites The data collected showed 100 responses for "Recruitment sites on the internet" and 40 responses for "The Company’s recruitment website" and 30 responses for “the relatives and friends”. Using statistical techniques, this pie chart shows that more than 59% of employees know about the company's recruitment information on the internet. However, the organization has yet to make recruiting details a top priority on their own website, focusing solely on third-party recruitment platforms. This can lead to a loss of trust, as well as ensuring the accuracy of the recruitment details needed by applicants. Evaluate your satisfaction with the current company's staff recruitment criteria Page16of28
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15% 5% 50% 30% Satisfaction Unsatisfied Strongly satisfied Satisfied Strongly satisified After statistics, the data collected showed about 25 responses for "Unsatisfied", representing about 15%, and 5 responses for "Strongly unsatisfied". In addition, according to statistical analysis, employee satisfaction with the company's current recruiting criteria is only about 80% (50% for "Satisfied" and 30% for "Strongly satisfied". This shows that the company's current recruiting criteria is still suitable for vacancies, leading to successfulness to meet employees' expectations and needs to be adjusted to achieve higher efficiency. •Do you agree if the company applies new modern technology (management software) in the recruitment process to increase quality? Page17of28
72% 20% 8% •Do you agree if the company applies new modern technology (management software) in the recruitment process to increase quality? Agree Strongly agree Disagree For this question, the collected data showed that nearly 80% of the respondents completely agreed with applying new modern technology (management software) in the recruitment process to increase quality (72% - 130 response for "Agree" and 20% - 36response for "Strongly agree". According to the analysis, this suggests that applying modern technology to improve the quality of the recruitment process could be a viable solution. B.The degree of similarity between work and employee responsiveness •Evaluate the satisfaction with the job and the current target you are undertaking. 45% 34% 21% the satisfaction with the job and the current target you are undertaking. Unsatisfied Strongly Unsatisfied Satisfied Page18of28
Based on the survey, the collected data showed that nearly 80% of the survey respondents were dissatisfied with their current job and targets. Specifically 45% - 81 responses for "Unsatisfied" and 34% - 62 responses for "Strongly unsatisfied". Only about 21% of respondents feel satisfied. After reviewing the data, it can be concluded that the majority of workers are already dissatisfied with their delegated roles and goals, which has the potential to negatively impact the company's overall success and requires immediate adjustment. Evaluate the appropriateness between the assigned job target and your responsiveness When asked about the suitability of delegated goals or duties, as well as employee responsiveness, 35 percent - 45 percent said "Unreasonable," while 22 percent - 29 said "Strongly unreasonable." Furthermore, 18% of those surveyed had no view. Just 25% of those surveyed think they are reasonable. According to the above figures, there are currently inequalities in the amount of positions available and the willingness of workers to react in the business. Report the findings After analyzing and assessing the data assembled within the surveys, the results about appeared that approximately 70% of workers felt that they had issues amid the meet and internship steps. Particularly, at the meet arrange, the worker has not truly gotten full and point by point work data as well as prerequisites. In expansion, more than 60% of representatives feel disappointed with the quality of the current recruitment handle, for the foremost portion since the enlistment criteria are not truly particular, leading to the off-base choice of individuals and there's a big gap between the number of targets and the employee's capacity to induce the work done. As a result, it does not meet the greatest desires of both parties. At the same time, about 80% of overviewed workers need to apply innovation computer program to administration enlistment handle to move forward yield quality. As a result, I would assume that the theory is 80% right, and I need to propose ways to change the situation quickly and stop wasting the company's time and resources in the long run. Page19of28 22% 35% 18% 15% 10% Strongly unreasonable Unreasonable Neutral Reasonable Strongly reasonable
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IV.LIMITATIONS OF THE PROJECT Aside from the project team's accomplishments, the project execution process already has certain limitations: +Project formulation process: In my view, the project formulation method is still very stereotyped, so project formulation contents are still mechanically analyzed, with no imagination. In addition, more research from outside the company must be updated, and modern science and technologies relating to recruiting challenges must be applied to complete the project more efficiently. Furthermore, the theory process is also largely dependent on the project manager's own judgment, making it inflexible. This will serve as a turning stone for learning and gaining expertise in preparation for larger ventures. +Survey analysis technique:The theory is widely valued for its precision, but all research and evidence gathering procedures are performed manually by team members, with no scanning software or assistive technology resources, resulting in a higher likelihood of errors in the analysis process. As a result, the latest findings are inconclusive 100 percent of the time. +Project implementation time: They are employees of the various divisions of the organization, and are responsible for the current job that they are taking on, in the form of coordinating supervision by the project manager and project team members. In reality, at the firm, project managers and team members are constantly juggling various assignments and activities while still juggling other unforeseen tasks, so the emphasis on the project limitationis crucial. Simultaneously, the time to split the job on the Gantt map also has certain unfair bits (not enough time to do), putting pressure on workers due to looming deadlines. As a result, the project was finished three days later than planned. +Risk management: After finishing the project, I evaluated the risk management strategy. Despite the fact that the project team had taken all necessary precautions, the risk identification process had been completed too quickly, resulting in a brief rather than detailed list of risks. Furthermore, one of the big shortcomings in the risk assessment approach is that the project board only used a checklist to define threats, rather than integrating it with other approaches. At the same time, the project committee has not yet completed a risk classification (which is divided into categories such as technological, external, organizational, project management, and so on), as a result of which certain risks were overlooked during the project's execution. As a result, they were unable to finish the project on time. V.RECOMENDATIONS I strongly propose the following solutions to boost the performance of a company's current recruiting process: Solution 1: Analyze the company's expectations and formulate a consistent recruiting policy In the present scenario, the organization only hires personnel for the purpose of "filling positions," resulting in inaccurate personnel allocation. As a result, in order to address this problem, human resource recruitment needs to be able to quantify and predict recruitment requirements. The corporation would have separate short- and long-term goals for each point and growth scenario. In addition, the human resources department must plan how many employees to hire for each role, as Page20of28
well as develop project schedules focused on the local labor market, job-seeking trends, and other topics relating to the nature of the work. Solution 2: Setting more specific criteria for each job position The HR department must provide comprehensive and precise qualifications and specifications for selected positions and qualification criteria are the foundation of the selection process. A full job description serves as a foundation for an applicant to easily decide whether or not their credentials are appropriate for this position. The job description must contain three key contents in order to serve its function: Job description section, a rundown of the job's roles and responsibilities (A report on how to correctly describe and interpret the job's duties and responsibilities. This section includes comments that adequately explain the employee's roles, tasks, and responsibilities, as well as working conditions. This is thought to be a required approach to prevent applicant confusion regarding the job's qualifications and activities. Solution 3: Technology soft wares are added in human resource management Using human resource management tools in the corporate framework can be a powerful assistant in managing people efficiently and economically during the digital transition phase. In particular, good management applications would meet the following criteria: Recruitment management: Process automation on recruiting management tools saves time, boosts employer competitiveness, decreases applicant screening time, and strengthens the employer's efficiency in the recruitment process, all of which are benefits of the technological trend. At the same time, the recruitment software supports the management of job sites. Each vacancy will be created into a process on the system. Recruitment activities are recorded mainly on a single software, the software will specifically support in: +Designing a multi-channel technical recruiting approach +Developing a professional recruitment framework and method +Establishing and maintaining applicant tools +Screening and assessing candidates +Working online with candidates through a framework +Employers can quickly edit notes and do direct evaluations with each applicant using the automated framework during the interview. +Reportingandanalyzingrecruitingefficiency:Recruitmentsoftwaregathersandanalyzesdata automatically to provide simple and advanced reports on the success of recruitment campaigns. The program performs all research and selection tasks in a fundamental and precise manner, assisting the organization in selecting the most appropriate applicant and optimizing recruiting business success and productivity. Managing by objectives for each position:Using the software's management by objectives feature, the company's leadership will assist staff in understanding the organization's orientation and goals. The ultimate target will be broken down by all departments' workers. Each individual will be more Page21of28
aware of the goals they are pursuing and will be more engaged. Furthermore, the manager should keep track of the state of priorities, community and individual work, and be able to negotiate, organize, and assist if needed. Employee stress and responsiveness may be limited as a result of this. Around the same time, the software has the following advantages: • Assigning and scheduling jobs according to personalized procedures • Setting, handling, and tracking targeted employment • Reminder notifications via email and mobile devices VI.CRITICAL REVIEW 1.Objective achievements The findings are very satisfactory after finishing the project, depending on the questionnaire and the successful participation of the whole team project. Nearly all of the established objectives are also met. +Created a comprehensive questionnaire, focusing on the existing recruiting process's challenge. The number of employees participating in the survey is 180 people, which is higher than the previously set target 20 people. +A total of 172 legitimate surveys had been taken by the company (more than 22 survey forms compared to the initial set target) +The project team has come up with three solutions to strengthen the issue found in the new recruiting process after reviewing all of the questionnaires. 2.Benefits of the project Using an offline survey to carry out this initiative not only allows company workers to voice their views, but it also has the following advantages: +This is a method for evaluating the efficiency of the existing company's recruiting process. +This study would help the HR department's head make the right choices and strategies for improving the production level of the recruiting process and increasing the company's talent management strategy's effectiveness. +This is an effective method of listening to expectations as well as the difficulties between the number of jobs and the ability of the employee to respond during the working process. This shows the company's care and support for employees, creating more motivation for them to work longer and more efficiently. 3.Performance evaluation *PLANNING + Cost planning:During the project management process, the project manager estimates and synthesizes the total project cost in great detail and clarity. The costs for each catalog and project activity, in my mind, are designed reasonably; additionally, project management constantly watches and tracks the project situation in terms of costs and schedule changes, and project Page22of28
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budgets adjust quickly. While the real cost of labor is 5% higher than the expected cost due to the project's completion three days late, the percentage difference in cost is also regulated in the cost accrued. As a result of the timely preparation, estimate, and monitoring of the total project expense, this part of the project has performed admirably. + Project implementation time:All roles are described at various levels in this project, and the project manager has broken down the job specifications into individual activities and presented them in the form of a Work Breakdown Structure and Gantt chart. As a consequence, the approximate time for and mission is set very accurately, but there is some variance in the real execution with the expected timeframe according to the schedule. Specifically, in the section "Project Selection," the resource preparation, goals, priorities, threats, and so on, since the requirement to be extremely precise and realistic, but the approximate period for this aspect is relatively short, causing the job to be completed one day later than anticipated. Similarly, the original specification questionnaire for the "Survey form" portion did not really fulfill the project's criteria and purposes, so the implementation process board had to re-adjust and double-check. Since the projected time was insufficient to complete the task, it was one day behind deadline. Around the same time, in the "Data analysis" portion, there are some minor issues with the monitoring and evaluation of the gathered evidence results; members of the appraisal team are overwhelmed by high demand, resulting in a one-day delay in the timetable. However, they continue to strive to have options as much as possible after that. The project manager, in my view, has not yet come up with a realistic regular schedule, and the constitution was promulgated management strategy has not yet reached a high level of productivity. + Risk management:The project manager and team project managers have already finished drawing up a risk assessment plan during the early stages of project preparation. The project board, in my view, has thoroughly incorporated risk management measures such as defining, evaluating, reacting preparation, and managing risks. Moreover, to define threats that may emerge during project execution, the project management has evaluated and checked the possibility of specific risks, as well as evaluating the effect of specific risks on the project and devising plans to deal with them. . Furthermore, the project board faces a significant obstacle when a risk arises that is not included on the prior risk list. Since the projected time for certain projects did not fit fact, the project was not finished on time. Furthermore, the project team members are under some direct pressure from the project as well as their own job goals, resulting in poor coordination and collaboration. While the project board clearly lacked expertise in risk management, the project was able to deliver a satisfactory outcome due to its calmness and desire to overcome challenges for the whole team. *PROJECT TEAM + The project manager:The project manager is in charge of organizing, executing, tracking, and overseeing project progress before it is finished. The Project Manager's primary duty is to divide all activities equally, directly to and person and community, in order to effectively complete the planned project in compliance with the criteria, progress, and ensuring that progress is always beneficial. Furthermore, the project manager is responsible for ensuring that the budget is adequate to complete the project without any budget problems arising as the project progresses. Around the same time, the Page23of28
project management must be able to recognize potential threats to the project and be armed for alternatives to resolve them in order for the project to be completed on time. Consequently, one of the project manager's most important duties is to inspire team members by communicating with each participant to realize what they need to accomplish the mission and assisting them in doing so, helping them to concentrate on project creation and give it their all. After the assigned assignment is finished, the project manager's job will be terminated. +Survey’s sponsor:Honda Corporation is also the survey's sponsor. And this is an initiative that would invest in the system's human capital. Investors that are not profitable for this initiative would be accepted. However, this project will leave a fresh quality, imprint for staff, and credibility for consumers, meaning that more people are aware of Honda Business. +Employees:A survey will be completed by the project company's employees. They must be accountable to both themselves and the corporation. That when workers' wishes and views are surveyed, project execution will be simple and the organization and employees will be on the same page. Employees of the Honda Company are responsible for doing well on the survey and are required to respond accurately and include in trustworthy surveys. And if they report seriously, the HR department rewards them with a small sum of money to assess their severity. Advanced courses also enriched Honda workers while also allowing the corporation to fulfill its own wishes. +Project staffs:The project team will be tasked with a large number of tasks to accomplish in a timely manner. The project manager's right-hand man will be the project staff. They are also responsible for keeping the project on track and completing the task in a detailed and careful way as directed by the project manager. 4.Talent Management The organization will use the research insights provided in this project to identify gaps and develop training plans to better increase employee quality in the most effective way possible. This contributes to the company's success. Since a team with strong specialized expertise and skilled soft skills may have total control, the advantage "minimizes costs and time to locate a broker." As a result of the improved revenue streams, revenue in 2021 will grow by 15% (approximately 15.000 billion VND) over 2019, and sales workers will generate revenue in Q3 2021. From there, the organization would have stronger human resource support tools, as well as improved discipline from the staff's style, collaboration, and working style. All of this would elevate the company's modernization to a higher stage. 5.Learned experience One of the most interesting and appropriate things to do after finishing the project is to take lessons from it. The below are some of the takeaways from this project: •Spendingasignificantamountoftimelearningandinvestingindataminingmethods. Additionally, technology applications such as SPSS, SAS, STATA, EViews, and AMOS, among others, is recommended for more precise data filtering and analysis while saving time. Page24of28
•Project schedules can have more than just start and finish times. In other words, the project manager must plan the amount of days that a job will be late and coordinate each step of the project, from planning to implementation to middle-small stages. Furthermore, various types of responsibilities between tasks must be considered, since they may influence the start and end dates of tasks. Finish-to-start - task A must be finished before task B can begin - or start-to-finish - task A must be completed before task B can begin. Start-to-finish - task A must be finished before task B can begin. •The lessons learnt are that it is important to reliably evaluate the kinds of threats that the project will pose and their effect on finances and project results in order to ensure the best planning for all future risks during the execution of subsequent projects. Furthermore, all risks can be grouped into categories so that they can be effectively handled and many risks are not ignored. •Organize project progress explanation sessions to establish mutual accountability for all project team members. This are fast sessions where all team members can catch up on whether their direction is correct or incorrect, as well as any issues that arise during the mission. The meetingwouldencourageeveryonetohaveagreaterunderstandingofeachother's circumstances, enabling them to pool their energy and support. This meeting, in my view, is incredibly valuable for upcoming ventures because it would allow the project manager to quickly monitor the status of participants and any concerns that occur, allowing for more successful outcomes. VII.WEEKLY LOGBOOK Name: Do Tran Tuyen Project title:Survey for solving the factors that effect to recruitment process Date: 3/2/2021 Update on weekly research/tasks achieved Points to consider: This is a strategy for improving workforce retention through enterprise recruiting. On July 3, 2021, it will be carried out. We will finish the project in order to meet the survey's target of collecting testimonials from 200 workers in order to better determine the company's recruiting challenge and come up with the right approach. We have thoroughly planned and organized this project to ensure that it is on budget and finished on time. We won't need to make any improvements to our project management strategy as a result of the project risk management report, but if anything goes wrong, such as the Covid-19 Page25of28
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pandemic, and the organization loses all of its workers, a modification will be necessary. The project will be moved at the right moment. Any risks and/or issues identified? Points to consider: We won't need to make any adjustments to our project management strategy as a result of the project risk management analysis, but if anything goes wrong, such as the Covid-19 pandemic, and the organization loses all of its staff, a change will be necessary. The project will be moved at the right moment. Furthermore, problems that have an effect on the project management strategy, such as the project being behind budget, must be addressed. Check for errors; the survey's document storage has a problem. Is the error mechanism, for example. Problems encountered Points to consider: We encountered obstacles, difficult to budget for the project, check from the BOD, and find the right people for the project. And we tried very hard to overcome it by spending time researching and preparing for this project, setting goals and planning, managing risks, speaking to CEO, head of financial at the company ... New ideas and change of project direction Points to consider: When building a plan and implementing it, when there is a new idea, if I want to change something, I will get everyone's comments. If all staff of the project agrees with that opinion, there will be a more suitable change. With the project risk management, we won't need to make any changes to our project management plan, but if something goes wrong like the Covid-19 pandemic, if the company leaves all employees, the change will occur. We will move the project at an appropriate time. What have you learned about yourself through your work? Points to consider: The most important lessons I learnt after working on a project is organizational skills, project preparation and implementation, budget control, project efficiency, risk management, and project human resource management. And, as a result of this project, I will be able to adapt everything I have learned to help me manage a successful business project in the future. In addition, I believe that when confronted with challenging problems, we must approach the problem peacefully and determine the source of the problem. The only thing you can do is maintain project oversight and risk assessment while limiting potential risks. I do think I'm in good spirits, but I know I have a long way to go. I believe I am incapable of effectively managing human capital and resolving the problem. After completing this mission, I would be able to develop my planning, budgeting, human resource management, and risk management abilities. Next steps for your work Points to consider: I believe that the budgeting and planning elements of the work should be prioritized because Page26of28
they are the most relevant. With Schedule scheduling, we hope it is in order, giving us ample flexibility to accomplish the assigned jobs. Project plan status to date Points to consider: I believe I am on schedule to complete the project on time. Since I used what I learned to manage an effective project, my work demonstrates my learning progress. Tutor Feedback Through the weekly logbook, the staffs undertake project tasks for that week will record all activities, timing and risks or problems that occurred during the week of project implementation process. At the same time, by giving detailed and clear answers, project manager can store, statistic all information related to the plan and report actual work progress such as: difficulties that the project is facing, and the achievements that the project has complete, the benefits that the staff have achieved. Thereby, this will be the number of reliable and accurate databases that show the effectiveness of project planning, and risk management. The executable steps are quickly updated and saved in the weekly diary, making it convenient for the project manager to track the project's progress, thereby giving timely instructions, or retrieving information of the project quickly when needed. Besides, after completing all the tasks of the project, I evaluate all the answers on this weekly logbook are recorded in a detailed, complete manner and expressed clearly the current status of the project. At the same time, the results showed that the project management process was implemented in the right direction and in accordance with the plan. Although there are still a number of problems and errors that have resulted in the project being completed 3 days later than originally planned, this was discovered and adjusted in time so as not to affect to the project too seriously. Thereby, I strongly think that all issues related to the project such as resources, budget, and risks and so on are within the scope of management, so this is considered a quite successful project. VIII.CONCLUSION Inconclusion,allcontentdiscussedaboveareresultsbasedondatacollectedthroughthe questionnaire forms. Besides, after completing this assignment, I have learned how to evaluate the outcome aspects of a project, understand the shortcomings of a project. Thereby, I highly draw some lessons for myself so that I could achieve better results in the next subjects. Page27of28
References 1)Saunders, M., Lewis, P. and Thornhill, A., n.d. Research methods for business students. 2)Kerzner, H., 2017. Project management. [Place of publication not identified]: John Wiley & Sons. 3)Tolbert, M., 2020. Hybrid Project Management. New York: Business Expert Press. 4)Clark, W., 2019. Qualitative and Quantitative Economics (Q2E). New York: Nova Science Publishers, Incorporated. 5)Hackr.io, 2020. Agile Vs Waterfall: Differences You Should Know. [online] Hackr.io. Available at:https://hackr.io/blog/agile-vs-waterfall[Accessed 14 Mar 2021]. 6)Hussey and Hussey, 2013. Business Essentials Research Project - Study Text. 3rd ed. London: BPP Learning Media. Page28of28