Managing a Successful Business Project

This report discusses talent management strategies and project management plan for a successful business project. It includes a case study on Barclays Plc, aims and objectives, research methodology, findings, and data analysis.

Managing a Successful
Business Project

INTRODUCTION
Project management can be refereed to as planning, controlling and monitoring the
business aspects so that the targets and objectives of it are achieve in an effective manner within
allotted time, budget and quality. It is important to have the systematic evaluation of the project
findings so that a business project can be evaluated successfully(Sanghera, 2019). Talent
management is defined as the process whereby planning is done for retaining the employees
together with attracting potential workforce so that the business move forward towards the
success and growth. This can be achieved by the continuous motivation so that existing skill and
knowledge can be improved and new skills are achieved. The company chosen for this report is
Barclays Plc, an investment bank which is headquartered in London, United Kingdom. This
report shall cover the aims and objectives relating to talent management, project management
plan, primary and secondary research, its findings and at last the reflection report is also present.
TASK 1
P1. Project aims and objectives for a chosen scenario.
Talent management is defined as a procedure which is undertaken by companies to retain
the existing workforce and attract potential workers into the organisation so that they can
effectively contribute in achieving the goals and objectives of company. It is a constant process
where the employees are continuously motivated in order to enhance their performance and
encourage them to make improvement in their working. The talent management strategy is a type
of plan which involves managing the high quality workforce in order to ensure success of the
company. A researcher is appointed in the organisation Barclays Plc so that it can determine any
of the issues relating to talent management in the organisation together with its importance. The
main purpose of conducting this research is to identify the problems which the company is facing
so that a plan can be presented in order to solve this issue so that comp[any can retain its skilled
and knowledgeable employees. Another objective of this is to identify the advantages of
managing the talent. The aims and objectives of the present research in relation to executing this
research is narrated below-
Research Aim:
To examine strategies of the talent management so that the company Barclays cam attract
and retain the high quality employees in the organisation.

Research Objectives:
 To identify the importance of strategy of talent management in enterprise Barclays Plc.
 To Determine the benefits of talent management in company. To examine the issues which is presently being faced by Barclays Plc in relation to talent
management.
Research Questions:
 What is the importance of talent management strategy in organisation Barclays Plc ?
 What are the advantages in relation to talent management in the company ?
 What are the issues which Barclays in currently facing in relation to talent management ?
P2. Produce a project management plan.
It is the formal document that provides how the task or project can be carried on. It
provides the goals, timeline, deliverable, scope and the cost for the project so that the clear track
is kept of it. The main objective of the plan is to deliver the details of project together with its
process so that the project can be undertaken. The components of the project in relation to
present research is discussed below-
Cost: It is the amount which will be utilised in completing the project by researcher. It is
a type of budget which shall be used in in order to carry out the research. For the present
research, the researcher shall require 2000 Pounds.
Particulars Amount (£)
Marketing 100
Plant and machinery 1200
Promotional activity 300
Print media 400
Total 2000
Scope: In relation to the research project, scope of this project is large as it shall help in
managing the employees efficiently and shall also help in retaining the workforce in the
company. This will also contribute in bringing the efficiency of workers so that they can deliver

positive outcome. Further, this research will also help in identifying the problems relating to
talent management so that solutions can be brought by company Barclays Plc.
Quality: For the finish of this project, the researcher must collect data and information
from authentic and viable source in order to get reliable information and objectives are achieved
successfully on time and within budget (Rosenberg and et. al.,2020). The researcher shall use
the primary and secondary research for this research and questionnaire shall be used in primary
research and books and journals shall be referred under secondary research so that quality is
maintained.
Communication: It is the important component plan whereby the information, experience
and opinion is communicated from one person to other. The researcher shall use the emails,
phone and face to face conversation in order to gather information and data so that researcher is
able to identify the issues faced by employees of Barclays and what benefits are associated with
talent management as per their point of view.
Time: In order to complete this research project, the researcher shall take the time of 3
months which shall begin from 1st January 2021 to 31st March 2021.
Resources: For completing this research successfully, the researcher shall require the
human resource, funds, and other resources so that it can achieve the research aims and
objectives efficiently.
Risk: There are many risk associated with this research which involves maintaining
privacy and confidentiality of the information provided by employees. Secondly the risk of
completing the research within time and budget allotted.
P3. Produce a work breakdown structure and a Gantt Chart to provide time frames and stages for
completion.
Work breakdown structure
It is a breaking down of work in hierarchy form. It helps the researcher or project
manager in planning, monitoring, controlling, reporting the project(Cosenz, 2017). Under the
work breakdown structure, the whole project is divided into many small components so that the
aims of the projects are achieved in an appropriate manner like the hierarchical form. With the
help of this, the work is easily managerial. In context to this research, the Work break down
structure is provided below-

Gantt chart
It is one of the important tool that is the representation of all the activities in graphical
form where the activities are performed against the time(Gaudenzi and Siciliano, 2018). The
Gantt chart represents the visual representation in which the task is broken and displayed in the
chart against the time so that it can become easy on interpreting and understanding it. It
supports in planning and scheduling project in order to get update of each activity and resources
can also be placed easily. In relation to present research, the Gantt chart is discussed below-

TASK 2
P4. Carry out small-scale research applying primary and secondary methods.
Research methodology is the method which mainly helps in the process of research and
refers to particular procedure which is used to gather the information which is reliable and
viable. Through the research methodology, the data can be easily implemented and analysed so
that objectives of the research are achieved(Rowden, 2017). For the purpose of analysis, the
researcher may choose the qualitative and quantitative research with the help of which the
researcher can analyse and implement the data easily.
Qualitative research- It analyses and collects the data by the method of interview and
observation as there is no involvement of numericals. It mainly involves in collecting the
information which is based on the opinion, experience and observation.
Quantitative research- It involves collecting the numerical data. In this, the researcher
uses many tools and techniques which can help in collecting the numerical data so that its
analysis is done in an appropriate manner.
Data collection- It is the method of collecting the data from the primary and the secondary
method of data collection. In primary method of data collection, the data is being collected by
framing the Questionnaire and personal interview. For secondary data collection methods, the
data us being collected from the books and journals, magazines, newspapers and the related
websites.
Primary data collection- The data is being collected from this method is the first handed
data which is mainly gathered from the researchers through questionnaire, interview,
observations ans survey etc. the data is mainly collected from the direct source and primary data
is considered.

Secondary data collection- It is type of data collection method in which the data is being
collected from the books&journals as it gives my clarity and the clear vision to the researcher in
order to get the accurate results.
Sampling- It refers to the process in which the researcher take the large group of people
in order to do the survey as there are many ways of in getting the effective results in the research.
Researcher use the systematic method and random sampling and evaluate the data according to
the need. In this respective research, the researchers is taking the 20 employees of Barclays Plc.
And take their viewpoint in context to talent management.
Questionnaire
Name-
Age-
Gender-
1) In your point of view , what are the advantages of talent management in relation to
company?
a) Development of employees
b) Retain Best Talent
c) Retain high working employees
2) In what way, the company's productivity is effected by talent management and its
strategies ?
a) Positive
b) Negative
3) What are the various talent management application used by Barcleys Plc. To retain
and attract high working employees.
a) Talent Development
b) Talent Classification
c) Talent Recognition
d) Talent acquisition
4) Are talent management strategies is helpful for employees engagement in the
organisation for longer duration?
a) Yes

b) No
5) which method is more effective for the company Barclays Plc. To develop the talent
management strategies?
a) Develop effective management policies
b) Hiring right candidate
c) Design integrated systems
6) What are different method through which Barclays Plc can make do enhancement in
strategies of talent management ?
a) Prioritize outcomes
b) career development opportunities
c) Create a healthy working environment
d) Identify aims
7) What is the various issue experienced by Barclays Plc context to talent management ?
a) Lack of the leadership quality
b) Improved employee turnover
c) Tightening talent market
8) Give recommendation to attract the large pool of employees and get competitive
benefits.
TASK 3
P5. Present findings and data using appropriate tools and techniques.
1) In your point of view , what are the
advantages of talent management in relation
to company?
Frequency
a) Development of employees 5
b) Retain Best Talent 7
c) Retain high working employees 8

Interpretation – As per the analysis it is evaluated that retention of the talented
employees is the most important aspect which must be considered as the benefits for the
company. Out of 20 respondent 8 respondent are agreed on that retention of the talented
employees will leads to have the development of the organisation.
2) In what way, the company's productivity
is effected by talent management and its
strategies ?
Frequency
a) Positive 15
b) Negative 5

Interpretation – As per the above analysis, it can be said that productivity of the company is
majorly effected by the talent management and its various strategies. It helps in the retention of
the employees by which the company can enhance their market value by having the integrated
set of skills among the employees.
3) What are the various talent
management application used by
Barclays Plc. To retain and attract high
working employees.
Frequency
a) Talent Development 10
b) Talent Classification 4
c) Talent Recognition 4
d) Talent acquisition 2

Interpretation – According to the analysis, It is evaluated that most of the respondent's are
agreed on the talent development is the best way of attracting the employees so that they can
learn the new concept in order to develop the new skills in their business operations. Out of 20
respondent are agreed on the talent developments the beneficial application of the talent
management.
4) Are talent management strategies is
helpful for employees engagement in the
organisation for longer duration?
Frequency
a) Yes 15
b) No 5

Interpretation - After conducting the survey, it is analysed that 15 respondents are agreed on
the talent management is important for the participation of the employees so that they can retain
in the business for the long run.
5) which method is more effective for the
company Barclays Plc. To develop the talent
management strategies?
Frequency
A) Develop effective management policies 10
B) Hiring right candidate 6
C) Design integrated systems 4

Interpretation – As per the analysis, it is evaluated that, Maximum number of respondents are
agreed on that human resource play an important role in the developing the effective
management strategies and polices. Out of 20 respondent, 10 respondent are agreed on that they
are developing the effectiveness in the business by framing the best business polices.
6) What are different method through
which Barclays Plc can make do
enhancement in strategies of talent
management ?
Frequency
a) Prioritize outcomes 8
b) career development opportunities 5
c) Create a healthy working enviroment 5
d) Identify aims 2

Interpretation – As per the research, it is analysed that pritoritize outcome is the best method to
evaluate the strategies in context to taken management in the company as out of 20 respondents,
8 respondents are agreed on the same so that they can enhance the effectiveness of the employees
with in the organisation so that they can get high profitability in the business.
7) What is the various issue experienced by
Barclays Plc context to talent
management ?
Frequency
a) Lack of the leadership quality 10
b) Improved employee turnover 6
c) Tightening talent market 4

Interpretation – According to the report, It is considered that lack of leadership quality is the
main issue that is related to the talent management in the Barcley Plc. So that they company need
to focus on the talent management activities.
P6.
As per the analysis of this report, It is analysed that talent management and its Strategies
helps business to get the right command in the business operations. this is evaluated from the
data collection that maximum number of the employees are in favour of talent management.
After analysing the implementation of data in this research, there are some suggestions for the
Barclay Plc. That are given below:
 Company must offer the appropriate training sessions so that employees can learn the
new technology in order to implement in the business.
 Organisation must focuses on framing the accurate strategies so that they can retain the
high performance working of the employees within the organisation.
 Organisation must adopt the reward and recognisable method so that they can get the
high working employees and get their work done in an effective manner.
 With the help of google talent management strategies, It is suggested that retention of the
talented employees helps the Barclays Plc. To appoint the right person at the right place.

TASK 4
P7. A reflection report
In this respective report, I have successfully completed my research project as I feel
delegated and grateful as it give the huge opportunities to the research and analyse the advantage
and the issues in relation to talent management. For this report, I have use the qualitative and the
quantitative method that are really helpful in collect the useful data and make the valid report.
This helps in accomplishing my research in an effective manner and for the primary data
collection, I have made the questionnaire and conduct the survey with the employees numbered
20 and for secondary data, I have referred the books and journals. Furthermore, I have improved
my communication and problem-solving in order to get effectiveness in my work. I also
improved the lean time management skills that help in developing the various strategies as I have
used the google strategies by identifying the sue in the research project. Thus, this project helps
me getting the chance to work with the new skills and knowledge in order to solve the various
issues.
CONCLUSION
It is concluded from the above report that project management plan play an significant
role in the managing and executing the project. It is integrated with the various component that
is associated and undertaken in this report so that it can be successfully achieved. For achieving
the aims and objective of the company, the work break down structure and the Gantt chart is
being made by which the project can be completed in a effective manner. Moreover the
qualitative and the quantitative research has been used in order to collect the primary and the
secondary source of data. When the data is being collected from the primary source, it will
gathered by framing questionnaire in order to get the accurate data. In relation to secondary
method of data collection, the data is being collected from books and journals and the research
sue that data in their research.

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