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Managing a Successful Business Project

   

Added on  2021-02-19

30 Pages5529 Words62 Views
Managing a
Successful
Business Project
Managing a Successful Business Project_1
Table of Contents
INTRODUCTION...........................................................................................................................3
TASK1.............................................................................................................................................3
P1. Project aims and objectives...................................................................................................3
P2. Developing the management plan for the appropriate project..............................................4
P3. Work breakdown structure and Gantt chart..........................................................................6
TASK2.............................................................................................................................................8
P4. Investigation by considering different method of research...................................................8
TASK3...........................................................................................................................................10
P5. Analyses and interpretation of collected information. .......................................................10
P6. Communicate appropriate recommendations.....................................................................22
TASK4...........................................................................................................................................22
P7. Significance of conducting the research.............................................................................22
CONLCUSION..............................................................................................................................23
REFERENCE.................................................................................................................................24
APPENDIX I.................................................................................................................................25
APPENDIX II
........................................................................................................................................................28
Managing a Successful Business Project_2
INTRODUCTION
The term globalisation helps in integration and exchange of knowledge, resources,
labour, technology, currency, etc. between different regions, nations, countries (Nohria, 2017).
The organisation which is to be considered for this investigation is Nestle which has initiated its
operations from the year 1866 and serves various products and services to the people including
baby products, confectionery, breakfast cereals, ice creams, etc. This research will focus on
establishing the aims and objectives for the selected brief. For successful completion of the
research, the researcher will produce the project management plan. The investigator will further
use the work break down structure and Gantt chart in order to provide relevant time for each
activities. Apart from this, the investigator will use quantitative and qualitative research methods.
Furthermore, the evaluation and interpretation of the gathered information will be done. The last
part of the research will emphasis on recommendations and personal experience of the
researcher.
TASK1
P1. Project aims and objectives
TITLE:
“How do multinational companies improve the recruitment, selection and training of their
employees to meet International requirements?”. A Case Study on Nestle.
INRODUCTION
Multinational companies are those which are operating its businesses in more than the
one country or other than the home country. This is possible for the companies with the help of
globalisation. This concept is the most prevailing in the existing business market and have the
immense ability for the expansion of businesses (Neuman and Robson, 2014). When the
organisation expand their business into the global business world then it becomes important for
the companies to concentrate on improving the recruitment, selection and training of the
employees. The process of recruitment is the one which is used by the human resource
department where they explore for the respective candidate and inspires them to apply for the
jobs in the company. The selection is the process which helps in selecting a respective candidate
by applying various types of tests which depicts the attributes, skills and potential of the
candidates. The method of training is the one where the individuals are guided through relevant
Managing a Successful Business Project_3
tools and methods which will contribute in improving their learning abilities. Therefore, these
process needs to be improved in the organisation so that the employees can be effectively
contribute in accomplishing the objectives of the company by considering the international and
global requirements.
RESEARCH AIM:
“How do multinational companies improve the recruitment, selection and training of their
employees to meet International requirements?”. A caste study on Nestle.
REREACH OBJECTIVES:
To examine the aspect of globalisation.
To determine the importance of improving the recruitment, selection and training of
employees to meet global requirements in Nestle.
To study the impact of training methods on employees of Nestle.
RESEARCH QUESTIONS:
What is the aspect of globalisation?
How will you determine the importance of improving the recruitment, selection and
training of employees to meet global requirements in Nestle?
What will be the impact of training methods on employees of Nestle?
P2. Developing the management plan for the appropriate project.
Every business organisation is required to have certain set of plans through which the
organisation can operate and function effectively and efficiently (Mattel, 2015). The project
management plan is required to form and highlight the basic requirements of the project which
are crucial for the attainment of objectives and goals of the Nestle. These plans are written in a
formal and authorised document where in the researcher places emphasis on key constituents that
plays a vital role in the successful completion of the research. There are various constituents
which are to be taken into consideration for developing a successful project management plan
and they are discussed below:
Cost: The term cost means that the total amount which is required for completing the
research and project successfully (Larson and Gray, 2017). No business research or plan
can be taken into action without the appropriate amount of funds because each and every
activity needs money. Therefore, the cost required to complete the project by the
organisation is estimated at £10000. Apart from this, the investigator will also require
Managing a Successful Business Project_4
money to meet the daily expenses like stationary, travelling, etc. and it is computed at
£2000.
Scope: The scope of the business plan is concerned with combination of different goals
and various necessities for completing the project (Kerzner, 2017). Thus, the scope of the
project management plan for Nestle is required to have proper planning and the
availability of various resources so that the different activities can be accomplished in the
desired and set manner.
Time: The time is referred to as the total computed time frame which is required to
complete the project. It is one of the most crucial elements because every project is set
for temporary duration and specific purpose. When that purpose is fulfilled then the
project is said to be completed. Therefore, the approximated time needs to complete the
project by the Nestle is 12 weeks whereas, the total time needed by the investigator to
accomplish the research is computed at 8 weeks.
Quality: The quality is referred to as the standard or superiority of gathered subject
matter. It is very important that the collected information and data must be of proper
quality so that proper results can be framed and analysed. The gathered information must
be authentic, relevant, verifiable, justifiable that helps in completing the research
effectively.
Communication: The term communication is concerned with the the mode through
which the proper communication can be done (Fleming and Koppelman, 2016). It is
crucial for the Nestle so that people will be clear of the organisational goals and the
manner to attain the same. Therefore, the different communication tools which will be
used by the Nestle includes presentations, seminars, meetings, etc. whereas investigator
will need tools and methods for communication like telephone connection, broadband
and internet services, etc.
Risk: The term risk is the most unforeseen factor which can affect the business enterprise
adversely. There are different types of risk which must be identified and analysed by the
Nestle for better operation of the company. Therefore, the risk which will be faced by the
Nestle involves lack of privacy, confidentiality of data, hacking, etc. whereas, the risk
which will be faced by the researcher involves the unfair transmission of information,
poor communication skills, etc.
Managing a Successful Business Project_5
Resources: For every project, numerous resources are needed so that the project can be
completed effectively and efficiently (Eskerod and Jepsen, 2016). For completing this
investigation, the Nestle will need resources like expert and qualified workforce,
financial resources, etc. whereas, investigator will need resources like money for meeting
every day expenses, effective research and communication skills, knowledge, etc.
From the above mentioned numerous constituents, the project management plan can be
set effectively and efficiently. The success of the project is entirely dependent on such factors
because they provide the base and guideline for the initiation of the project.
P3. Work breakdown structure and Gantt chart
Work break down structure: The concept of work break down structure is concerned
with the hierarchical structure in which the larger task or work is broken down into small parts.
When the work is divided into small portions then it becomes easy and simpler to assign work to
the people according to their skills and capabilities (Ekwoaba, Ikeije and Ufoma, 2015). This
will be adopted by the Nestle so that the company can decide upon proper allocation of budgets
for the different tasks. This further helps in easy identification of various types of risk which are
associated with the projects.
Managing a Successful Business Project_6

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