Managing a Successful Business Project

MANAGING A
SUCCESSFUL BUSINESS
PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Aims and objectives.....................................................................................................................3
Project management plan.............................................................................................................4
WBS and Gantt chart...................................................................................................................5
......................................................................................................................................................7
Literature review..........................................................................................................................7
Research methodology.................................................................................................................8
Analysis and interpretation..........................................................................................................9
Recommendation.......................................................................................................................13
Reflection...................................................................................................................................14
CONCLUSION..............................................................................................................................15
REFERENCES................................................................................................................................1
Appendix 1.......................................................................................................................................2
Questionnaire...............................................................................................................................2
Appendix 2.......................................................................................................................................1

INTRODUCTION
Talent management is the process by which companies will determine the talented
employees that could lead the positive impact over the organization. It is one of the important
element that will lead to companies to achieve success. It is a process by which companies in
addition of attracting the employees also able to retain them in the organisation. Halfords is one
of the retailer that provides specialized services in the field of leisure and car products. This
research will discuss the concept of talent management along with its importance. This research
will lie its focus over the various strategies by which talent management will be implemented
within the Halfords. It will also analyse the data that is being collected through specific research
methodology and lastly conclusions and recommendations are also being drawn on the basis of
evaluated data.
MAIN BODY
Aims and objectives
Rationale:
Halfords is one of the famous retailer of leisure and car products. It is well specialist in its
services. However, in the recent time it is facing the issue of staff retention in the organization
where large number of employees are leaving the company. Since management of talent in the
company is very essential for every organization including Halfords so this research project will
lie its focus over the concept of talent management along with helping the Halfords through
various strategies in order to implement the talent management in the workplace.
Aim:
To evaluate the various strategies for talent management in the organization: A study on
Halfords.
Objectives:
 To analyse the concept of talent management.
 To evaluate the importance of talent management in Halfords.
 To analyse the various strategies for implementing talent management in Halfords.
 To recommend the ways to improve talent management strategies at Halfords.
Research questions:
 What is talent management?

 What are the importance of talent management?
 What are the strategies for raising talent management?
Project management plan
It refers to a plan that evaluate the various necessary aspect that are being required to
consider in order to have successful completion of project. Under this project the aspects of
project management plan are:
Cost:
It refers to that factor which gives details regarding the total cost required in order to
execute this research. For the current research an estimated cost would be £ 500.
Scope:
The main scope of this research is to determine the various strategies by which talent
management can be implemented in the organization. This research is based on UK.
Time:
This aspect is concerned with time element that is being required in order to successfully
accomplish this project. For the current research the estimated time would be 10 weeks.
Quality:
It refers to overall quality of research that make it valid and authentic. In order to
maintain the quality, the research should have to consider that the data will be collected from
authentic sources.
Communication:
It refers to that element which plays an important role in the success of the project. It is
very essential that there should be effective communication between responders, stakeholders,
managers and various other personnel so that the actual data will be gathered.
Risk:
It is an important element because there are various risk that may arise while collecting
the data. The validity and authenticity of the collected data is one of the major risk that research
usually face.
Resources:
It refers those resources that are being required in order to execute the research. For the
current research human and technological resources are the key elements.