Managing a Successful Business

Managing a
successful business
project

Contents
Project title: “What talent management strategies do the best companies use to attract and
retain people”.............................................................................................................................3
Introduction................................................................................................................................3
Research aim..............................................................................................................................3
Research objectives....................................................................................................................3
Research questions.....................................................................................................................3
Project management plan...........................................................................................................4
WBS...........................................................................................................................................5
Gantt chart..................................................................................................................................5
Small scale research by primary and secondary research..........................................................6
Primary research.........................................................................................................................7
Data interpretation..................................................................................................................8
Conclusion................................................................................................................................14
Recommendation......................................................................................................................15
References................................................................................................................................17
Books and journals...............................................................................................................17
Appendix..................................................................................................................................19
Performance review.................................................................................................................19
Questionnaire......................................................................................................................20
Log book..................................................................................................................................21

Project topic : “What talent management strategies do the best companies
use to attract and retain people”
Introduction
This project aims at analysing the impact of talent management strategies in retaining
and attracting people in the organisation. Talent management is the process of retaining
employees or long run in the company. it helps in getting motivated towards the products and
services and developing employees relational and provide them efficient training and
development methods (Ahmed, and et.al., 2021). In this report the organisation which is
taken into consideration is Barnet hospital. As it is a general hospital which is situation in
London and manged by Royal free London NHS foundation trust. It was founded in the year
1920. In this report it covers research aim and objectives, primary and secondary research and
reflection and recommendation.
Research aim
“To analyse the impact of talent management strategies, do the best companies in retaining
and attracting people in the business organisation” A case study on Barnet hospital.
Research objectives
 To determine the various talent management strategies used in Barnet hospital to
retain and attract people for long time.
 To access difficulties looked by organization while carrying out ability
administrations methodologies.
 To analyses the suggestions given by hospital in implementing talent management
procedures to hold workers for long time.
Research questions
 What are the various talent management strategies used in Barnet hospital to retain
and attract people for long time?
 What difficulties looked by organization while carrying out ability administrations
methodologies?
 What type of suggestions given by hospital in implementing talent management
procedures to hold workers for long time.?

Project management plan
Project plan is the plan which is in written plan and it helps in developing all stages in
efficient manner. These level start from planning, monitoring and controlling (Balcerzyk, and
Materac, 2019). There are some of the components of project management plan which is
discussed below:
 Cost: It is worry with the sum in which examiner need to finish the undertaking
report. For this report, organization is spending about £600 on essential examination
and £200 on optional exploration. Along these lines, it is significant for organization
to make a financial plan. This is the cost which is involves in research of the company
and this helps in collecting data and information.
 Scope: Scope is alluding to the deciding of explicit viewpoints which are connected
with the undertaking expectations, capacities and errands. This task points that ability
the executives help the Barnet hospital in hold representatives for since a long time
ago run and hold them for long time in the affiliation with the goal that their laborers
turnover will not go high.
 Time: It is stress with the surveyed time limit in which adventure is to be done. For
this stretch of time of each activity is picked early to complete the undertaking on
time. That is the reason there is a utilization of Gantt diagram and WBS to finish this
exploration. This will require around a month to finish this task.
 Quality: It is worry with the nature of source organization is utilizing this exploration
to gather information and data (Behera, and Mohapatra, 2020). As optional data is
completed by the specialist from books and diaries to get nature of data. The quality
of collecting data and information is the best techniques in researching about this
topic.
 Communication: Communication channels incorporates both composed and oral. For
leading this examination both of the strategies are being utilized in this task to finish.
Specialist is gathering data from representatives working in an organization.
Communication channels should have to be strong in contacting with the employees.
 Risk: It alludes to the risk related with the venture which is attempted to finish. These
dangers are absence of monetary assets, absence of premium of individuals, wrong
reactions and so on can be the dangers which are being connected with this task
fruition. There can be risk in collecting data and information.

 Resources: It includes asset like pen, paper, reactions and time and so on which are
being utilized by scientist to direct the undertaking research (CHAWLA, and
AGARWAL, 2021).
WBS
Work breakdown structure is the structure that helps the company in division in activities
into various activities and according to the schedule that is decided. This helps the company
or organisation in managing all their activities and perform all their task in most efficient
manner. This helps in completing the given work on time (Clarke, and Scurry, 2020). It also
helps in project management work and research projects. It consists of cost, risk, and
resources that are to be required by an investigator in collecting data and information in most
efficient manner.

Gantt chart
It is referring to the chart types data which hep in determining the relationship with
definite schedule and real time activity (Diatmono, Mariam, and Ramli, 2020). It can be
presented in the form of horizontal and vertical position. It is done to ensure that activities
and work should be completed on given time period and this results in completing it through
bars, charts, graphs and tables etc. it also results in executing project management functions
such as planning, organisation and controlling of the activities performed.
Activities Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7
Research
Proposal
Research
Topic,
aim and
objective
Data
collection
Data
analyses
Research
methodol
ogy
Conclusio
n
Recomme
ndation
Small scale research by primary and secondary research
It can be said that there are various tools and techniques that are to be used by the
researcher in collecting data and information (Dirani, and et.al., 2018). by having this