Managing a Successful Business Project

This document provides insights on talent management, project management plan, research methods, and more for effectively planning and managing a successful business project.

Managing a Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................3
LITREATURE REVIEW................................................................................................................3
TASK 1............................................................................................................................................4
Project aims and objectives ...................................................................................................4
Established plan for project management...............................................................................4
Work break down structure and Gantt chart in order to provide time-frames and stages for
completing..............................................................................................................................6
TASK 2 ...........................................................................................................................................8
Qualitative and quantitative methods of research in order to achieving project objectives...8
TASK 3..........................................................................................................................................12
P5) Critically analysis and data in order to using appropriate approaches...........................12
Recommendations................................................................................................................17
TASK 4..........................................................................................................................................18
REFLECTION .....................................................................................................................18
CONCLUSION ............................................................................................................................18
REFERENCES..............................................................................................................................19

INTRODUCTION
In organisation, it is important to plan and manage project and activities so the objectives
of organisation can be achieved in effective manner. If they are planned in systematic way then
time and resources are managed in business projects (Cappelli and Keller, 2017). The main
objective of the report is to use talent management and with the help of this understand the
strategies. Tesco, a multinational retailer and groceries headquarters in Welwyn garden city,
England. They deal in groceries and retail sector. The report includes Gantt charts, research data
and methods, objectives and aims and objectives of projects, project management plan, reflection
and appropriate recommendations.
LITREATURE REVIEW
According to the Adamsen (2016), Talent management is process which refers to
organisation adapting effectively utilisation this approach in order to attract and retain the
employees for longer period of time. It considered as effectively and efficiently managing
human resources in order to enhancing effectiveness of organisation. It includes each and every
organisation focusing various strategies in order to sustain and survive in the market for longer
period of time. Talent management is concept which refers to retaining those employees which
are able and capable in order to effectively performed business functions. It is process which
refers to organisation effectively managing operations and function in order to achieving
companies goal and objectives. It includes HR department plays vital role in order to recruiting
right person at right place in order to smoothly run the business operations. It considered as
manager and leader effectively managing employees in order to increasing business performance
at marketplace as well as retain employees for longer period of time. It includes retain
organisation providing various training programmes for employees in order to retain talented
employees as well as HR manager focusing job satisfaction approach. It involves organisation
hiring human resources so attracting and pooled the candidate for job in order to invited
application of candidate (Collings, Mellahi and Cascio, 2017).
There are ample numbers of competition are present at marketplace which refers to most of
organisation formulating new strategies in order to retain and attracting talent employees. It
refers to considering various activity due to effectively using talent management approach and
evaluating skill, ability and capability of fresh talent in order to increasing productivity and

profitability. HR manager is effective process which refers to effectively managing talent
employees in an organisation and ensure to fulfil the criteria of business.
TASK 1
Project aims and objectives
Overview of topic: Talent management is important concept which refers to this project
focusing on aims and objectives are fulfilled effectively (Elegbe, 2016). It is essential to
understanding the aims and objectives in order to effectively planning which result as achieving
project goal and objectives. However, it considered as essential to necessary and evaluating in
order to decision implementing successfully.
Research title-: “Talent management is essential for an organisation in order to retain
talented employees”.
Research aims-: To formulate strategies due to effectively establishing talent
management approach.” A case study TESCO.
Research objectives-:
 To evaluating the effectiveness of talent management.
 To examine various strategies regarding retaining employees.
 To determined different tool and techniques in order to enhancing employees
performance.
Established plan for project management.
Project management plan is a process where various activities and procedures to be
followed to complete a project in a systematic way. To achieve the the goal of organisation in
an effective manner they have to focus on management plan. In other words, the management
should focus on successful strategies to achieve in proper way. Tesco, a manufacturing retailer
when taking decision they focus on project management plan for effective implementation of
plan (Ford, 2017). To implement the project plan there are various component which are
discussed in detail in below points:-
Cost- it is taken into consideration as one of the critical trouble for the project a selected
test as it assists in getting efficient gadgets in the right way. further to this, price suggests to the
one's additives that obtain at the time of manner of plan o the unique undertaking in properly
enough manner. On the way to this research, the researcher makes a try to establish the market

which assists them to determine the entire expenditure in good sufficient way. So the whole
charge it really is required to complete this file is £600
Scope- This aspect is related to that perception in which maximization the general overall
performance of a particular research report in a superior way. although, because the market
contention and increase desire are maximizing at a quick tempo, it expands the scope of research
in gathering ok statistics or thoughts and strategies for undertaking the paintings in an extra
developed manner.
Time- it is relating to that aspect which indicates to time perimeter to accomplishing the perfect
project in an inexperienced shape further to this, with the assistance of this detail, the researcher
is capable to put into effect superb effects over selected humans that enhance its excellent and
execution. regarding this research challenge, the researcher analyzes the contemporary
commercial enterprise surroundings and undertaking that assist them to monitor inside the route
of plan time of this assessment. So, the surveyor can analyze that these studies consume 2
months of the body for completion.
Quality- It bears in mind as maximum essential as it at once related with undertaking
productiveness among the numerous region and population (Mohammed, 2018). therefore, the
researcher may want to attempt to look at the cutting-edge marketplace that leads them to build
up all applicable information to analyze the topic which helps in helping extraordinary
investigators to behavior their research in an advanced manner.
Communication- it's miles every different suitable factor of task manipulate plan that is related
with the performance of everybody and additionally make manage on numerous complexities
like confusion, misconception and lots of extra. moreover, in the context of these studies, the
researcher could make utilization of conversation channels that encourage them to build up
effective and appropriate records.
risk- it's far associated with those components which may be used by the investigator to perform
the studies file in an ok manner. Regarding this research challenge, the researcher several
dangers concerning the gadget of a project control plan, misunderstanding, confusion and
mission associated dangers, and plenty of others.
Resource- It mentions those additives and factors which might be considered with the aid of the
researcher in the time period of accomplishment of studies in extra true sufficient fashion. In the
context of this research, the investigator requires resources like time, financial cost, human

useful resource, and equipment which encompass cell, laptop and plenty of more to behavior the
survey in desirable sufficient way.
From the above discussed components, we conclude that without planning of project
management or if there is no proper execution of plan then there will be no explanation and
understanding of particular project (TLawler, E.E., 2017). The components learned in above
paragraphs are risk, quality, scope , resource and communication these all will help for effective
decision made by project manager.
Work break down structure and Gantt chart in order to provide time-frames and stages for
completing.
It includes project & research, it is essential to analysing tools and techniques in order to
attain goal and objectives within the specific period of time-frame. In context to effectively
conducted research, it is essential to analysis work breakdown & Gantt chart framework in order
to deciding timeline which refers to completing the project (Murillo and et. al., 2019)(Scullion
and et. al., 2020). In addition to this, Tesco is one of leading supermarket chain in UK in order to
utilisation various tools and techniques which result as carrying activities as well as project in
order to specific time frame to completing stage. It is duty and responsibility of manager of
company which refers to effectively and efficiently managing business operations.
Gantt Chart-
It is tool and techniques which are used by most of organisation in order to developing
plan and schedule project because the main aim and purpose in order to accomplishing project
within specific period of time. It involves Gantt chart is tool which refers to determining the
resources, manpower, planning and many more in order to planning for projects as well as
assigned task and activities. It is important concept which refers to chart are developing in
proper manner as well as results are achieved effectively and efficiently. It considered as
managers are essential to developing chart as well as providing relevant information regrading
concept as well as statistics.

WBS-: It is another tool and techniques which refers to utilising various process, work and
activities are dividing in simple parts which result as achieving organisation goal and objectives.
In relevance of Tesco, it is essential to use this approach in order to business carrying activities
and work in effective and efficiently (Scullion and et. al., 2020). In addition to this, it considered
as majorly using this tool and techniques for employees in order to reducing difficulties of task
as well as providing best result. The main benefit of this model in order to activities are allotted
properly to all employees as well as work effectively dividing among the employees.
It is necessary tool for an organisation in order to using knowledge in order to accomplished the
goal and objectives. It involves each and every project has specified time frame and steps which
result as analysed work within specific period of time.

TASK 2
Qualitative and quantitative methods of research in order to achieving project objectives.
It includes each and every project is specific information in order to effectively attained
the project objectives. It is essential to using research method such qualitative and quantitative in
order to properly gathering information and data. In context of Tesco, it includes various kinds
of research method and processes which are discussed below.
Qualitative approach-: There are ample numbers of sources are available in order to
gathered and collected information with the help of newspapers, internet browsing, magazine
and many others. This kind of information are collected with the help of using theoretical
process which refers to.
Rationale-: It is process which refers to particular reason behind on the research method
as well as saving time and effectively collected information (Shulga and et. al., 2019). It is
techniques which refers to manager applied in order to collecting wide range of information.
Quantitative approach-: It is tool and technique which refers to collecting information
such as numerical form like numbers and statistics. This is method which refers to lengthy and
time consuming in order to requirement of skill and capable person which effectively and
efficiently collecting information . This research is process which refers to need specific
information about knowledge in order to analyse numbers and study trends.

Rationale-: The main purpose of this method which refers to research is providing
information and outcomes in order to manager utilised effectively and efficiently. It considered
as data are collected in the numerical and statistic form.
Data collection methods
It is process which refers to utilising various tools and techniques in order to
systematically collecting information. It includes organisation is essential to analysis the internal
and external environment such as vendors, employees, suppliers and many others. Data
collection is important method in order to used various kinds which mentioned below.
Primary data-: The data which is collected in first time and is refereed to as first hand
data which is procured by the research worker himself by using his time and energy which is a
time consuming task. The primary data is further in gaining secondary data as well. It is
authentic data as there is no third party involved in the process of data collection.
Rationale-: The reason behind this method in order to reliable and accurate data are
collecting in this method which result as primary data collected from authenticate sources so it
helpful to gathering new information on the basis of facts and figures. It is process which refers
to collecting from reliable source in order to gathered the right information.
Secondary data-: It is second method of collection of information which refers to data collection
from already available in books, journals, statements, internet and many others. It is data which
refers to already collected so it is provided in more structured and systematically are available
rather than primary data (Thunnissen and et. al., 2017). It is process which refers to data are
more accurate and reliable in order to using various facts and figures.
Rationale-: This method is main reason in order to it is less time consuming rather than
primary data. It includes Sainsbury's allotted work for it's researchers in order to gathering the
secondary data in order to effectively planning because helpful to achieving organisation goal
and objectives.
Research method is process which refers to examine by researcher in order to directly
linked with various research such as correlation research, experimental research, quasi-
experimental research and many others. It considered as researcher providing best solution in
order to effectively solve the business problems and issues which result as qualitative and
quantitative surveys.

In the context of field work, I have utilising various tool and techniques in order to
conducting research such as particular concept, gaining data in order to interacting with other
friends as well as used managing the activities of organisation in the finance department. It is
essential to conducting successful connections with the organisation because many other
department are linked with the organisation (Vaiman and et. al., 2018). I am facing too many
problems and difficulty in order to performing business activity as well as not gaining useful
information. I take decision regarding my methodological by interviewing with manager of
company.
Interview
Researcher- Hello sir, I am student of XYZ college and I would like to take your
interview for my project report so it would be beneficial for me. Allow me to take interview if
you are free.
Manager- Yes, sure.
Researcher-: Thank you so much because you are providing me this opportunity. So,
what do you think about talent management in Tesco in order to managing employees ?
Manager- Yes, Talent management is necessary because skilled employees are
necessary in order to developing goodwill at marketplace.
Researcher- What about the strategies regarding talent management ?
Manager- Yes, strategies are essential in order to acquire and retain talented employees
in order to achieving organisational goal and objectives.
Researcher- Tesco is one of the leading organisation in order to do you think about the
problems and challenges which are faced by organisation in order talent management approach
not adapting effectively ?
Manager- Yes, definitely Tesco is great supermarket chain but they face so many issues
in order to not effectively adapting talent management process.
Researcher- Due to competition is increasing in the market, so what about the
productivity in order to effectively establishing talent management in organisation ?
Manager- Productivity is necessary for each and every organisation so it is essential to
adapting talent management strategies in order to enhancing profitability and productivity of
company.

Researcher- Thank you so much sir for your giving precisions time and lot of helped to
me in my project.
Therefore, it is essential to utilising this primary and secondary data collection in order to
effectively managing project as well as project management (Wu and et. al., 2016). It includes
utilisation appropriate techniques which result as collecting reliable data in order to developing
good research report. Further, it includes formulating various strategies and concept in order to
organisation effectively adapting in order to retain the talent management of organisation.
Questionnaire
1. Do you think talent management is essential for organisation in order to enhancing
productivity ?
 Yes
 No
2. What are the strategies regarding talent management ?
 Recruitment
 Training & development
 Staffing
3. What are the problems and challenges which are faced by organisation in order to talent
management not adapting effectively ?
 Low profitability
 Low productivity
None of the above
4. Examine the role of HR department in order to retain talent management ?
 Yes
 No
5. How much time spend in order to retain the employees ?
 6 months
 1 year

TASK 3
Data analysis using appropriate approaches.
With connection of this project, it is necessary to be know about the subject so that
appropriate tools and techniques can be adopted which is helpful in order to make effective
decision process. It is duty of investigator to use it in effective manner and develop possible
result. So questionnaire is used for collecting information with the help of 30 respondents &
interpretation which are discussed below.
Theme 1: Do you think talent management is essential for organisation in order to enhancing
productivity ?
Frequency
Yes 24
No 6
24
6
Yes
No

Interpretation-: From the above graph shown, it includes analysed in order to examine
the whether talent management is enhancing productivity or not. It considered as talent
management is essential concept in order to increasing organisational productivity. It has been
consider as 30 respondents in order to 6 are against the talent management whereas 24 are in
favour.
Theme 2: What are the strategies regarding talent management ?
Frequency
Recruitment 10
Training and development 10
Staffing 10
Interpretation-: From the above graph, it has been analysed that it focusing on various
strategies in in order to developing talent management which refers to achieving organisation
goal and objectives. In relevance of organisation, it consider as focusing on strategies in order to
10 respondents in the favour of recruitment, 10 respondents for training & development and 10
in the favour of staffing.
Theme 3: What are the problems and challenges which are faced by organisation in order to
talent management not adapting effectively ?
10
10
10
Recruitment
Training and development
Staffing

Frequency
Low productivity 10
Low profitability 8
None of the above 12
Interpretation-: In context of organisation, it includes strategies are formulating in order
to reducing the problems and challenges regarding talent management. There are ample numbers
of challenges and problems which are faced by company due to not effectively adapting talent
management approach. It said to be 10 respondents in the favour of low productivity, 8
respondents for low profitability and 8 respondents for said no any challenges face in talent
management.
Theme 4: Examine the role of HR department in order to retain talent management ?
Frequency
Yes 20
No 10
10
8
12
Low productivity
Low profitability
None of the above

Interpretation-: It includes HR plays vital role in order to retain talent management for
longer period of time. It is responsibility of HR manager in order to recruiting right candidate at
right time which result as achieving organisation goal and objectives. From 30 respondents, 20
are in the favour of HR department as well as 10 are in the against of HR department.
Theme 5:How much time spend in order to retain the employees ?
Frequency
6 months 20
1year 10
20
10
Yes
No

Interpretation-: It considered as retain the employees is essential concept in order to
utilisation various techniques. From the above graph shown, it is essential to time required to
retain the employees. In context of organisation, it includes providing time in order to retain
talented employees. From the 30 respondents, out of 20 are in the favour of spend time to retain
employees as well as 10 are said required 1 year to retain employees.
Recommendations
On the basis of project, it is essential to providing recommendations in order to utilisation
various sources and tools. In context of organisation, it is necessary to analysis the result in order
to achieving organisation goal and objectives. There are ample numbers of recommendations
which are discussed below.
First recommendation, it includes Tesco conducting proper market research in order to
analysis market trend which result as retain talented employees as well as effectively explore
new market opportunities (Khilji and et. al., 2017).
Second recommendation, it involves motivating and encouraging employees in order to
managing efficiency and effectiveness which result as achieving organisational objective and
goal.
20
10
6 months
1year

Third recommendation, it considered as formulating new strategies in order to retain the
talented employees in order to enhancing profitability and productivity of company.
It can be recommended that if employees are studied and examined in a proper manner it is a
point of benefit to the organisation as it will satisfy the needs of individuals in proper manner
which will prove beneficial to TESCO as well.
Therefore, it involves various recommendation for retain talent management in order to
achieving organisation goal and objectives. It is essential to analysed the area in order to
developing improvements which result as enhancing profitability and productivity.
TASK 4
REFLECTION
From the above report, it includes project are effectively managed in order to analysed
the various tools and techniques. I have evaluating various skill and knowledge in order to
developing project. Further, it considered as research are utilising various skills and tools in
order to preparing project report (Iii, 2016). It involves utilising my knowledge, skill, ability and
capabilities in order to retain talent management. It considered as various research method which
are help to improving my research report. It is process which refers to used Gantt Chart and
WBS tool in order to critical thinking for developing skill. From the project I have evaluated that
it is very hard and challenging to derive data and information. Additionally, I broaden my
management expertise because the WBS tool helps me in handling my artwork through
classifying and segmenting it in small portions. There numerous gear like research techniques
and information series strategies and so on. It is used by me to convey together reliable and
effective records to fulfil the studies assessment goal correctly. apart from it, I improve in my
particular talents like communiqué, I acquire facts with the aid of using questionnaire as
statistics collection tool so at the equal time as I acquire statistics I meet high-quality individuals
who belong from precise international locations and use precise languages and advantage
records approximately their manner of existence. Because of completing my venture properly
timed I additionally make development in my time manage functionality. thru the usage of
suitable study techniques and records series approach, I acquire reliable records which assist in
retaining the notable of the assignment.

CONCLUSION
It is concluded from the above report that skills and knowledge is require for business
project and can mange effectively. In the above paragraph, discussion have been done on
different sources, project management plan, tools , research methods and techniques. In report it
is also discussed about Work break down system and Gantt chart. To enhance progress in firm
they analyse talent management method.
REFERENCES
The Books and Journal
Adamsen, 2016. Demystifying talent management: A critical approach to the realities of talent.
Springer.
Cappelli and Keller, 2017. The historical context of talent management. The Oxford handbook
of talent management, pp.23-42.
Collings, Mellahi and Cascio, 2017. The Oxford handbook of talent management. Oxford
University Press.
Elegbe, 2016. Talent management in the developing world: Adopting a global perspective.
Routledge.
Ford, D.G., 2017. Talent management and its relationship to successful veteran transition into
the civilian workplace: Practical integration strategies for the HRD
professional. Advances in Developing Human Resources, 19(1), pp.36-53.
Iii, G.C.T., 2016. Assessment centres and global talent management. CRC Press.

Khilji, S.E. and Schuler, R.S., 2017. Talent management in the global context. The Oxford
handbook of talent management, p.399.
Lawler, E.E., 2017. Reinventing talent management: Principles and practices for the new world
of work. Berrett-Koehler Publishers.
Murillo, E. and King, C., 2019. Why do employees respond to hospitality talent
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Scullion, H. and Mullholland, M., 2020. Global Talent Management. The SAGE Handbook of
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Taylor, S., 2018. Resourcing and talent management. Kogan Page Publishers.
Thunnissen, M. and Gallardo-Gallardo, E., 2017. Talent management in practice: An integrated
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Vaiman, V., Sparrow, P., Schuler, R. and Collings, D.G. eds., 2018. Macro talent management:
A global perspective on managing talent in developed markets. Routledge.
Wu, M.C., Nurhadi, D. and Zahro, S., 2016. Integrating the talent management program as a
new concept to develop a sustainable human resource at higher educational
institutions. International Journal of Organizational Innovation (Online), 8(4), p.146.