Managing a Successful Business Project : Assignment Solution

MANAGING A
SUCCESSFUL BUSINESS
PROJECT

Contents
TASK 1........................................................................................................................ 3
P1Project aims and objectives.................................................................................3
P2 Project management plan that covers cost, scope, time, quality,
communication, risk and resources.........................................................................4
P3 Work breakdown structure and Gantt chart to provide time-frame....................6
TASK 2........................................................................................................................ 9
P4 Small scale research by applying qualitative and quantitative research
methods.................................................................................................................. 9
TASK 3...................................................................................................................... 11
P5 Analyse research and data using appropriate tools & techniques....................11
P6 Communicate appropriate recommendations as a result of research and data
analysis................................................................................................................. 14
TASK 4...................................................................................................................... 15
P7 Reflect on the value of undertaking research to achieve stated objectives and
own learning & performance.................................................................................15
CONCLUSION............................................................................................................ 16
REFERENCES............................................................................................................ 17

Title: How do multinational companies improve the recruitment, selection and training of their
employees to meet International requirements.
INTRODUCTION
Globalization is a procedure which integrates regional and national societies, economies
and culture in a unified manner with the help of global trade. It describes the interlink among
various parts of world due to which expansion in international trade and economic activities
takes place. Project management is a practice which plan, initiate, formulate, control, execute the
work of a project in a systematic manner. This will benefit the company in achieving desired
outcomes in a specific time period. Managing a project in a proper way is a complex procedure
and require focus on aspects like time, cost, scope etc. This report is based on Nestle which is a
Swiss food and drink organisation, situated in Vaud, Switzerland. It will cover objectives and
aims of company and a project management plan. Also, Gantt chart and work breakdown
structure will be prepared. Data analysis and research is done and in accordance with that valid
recommendations and conclusion will be provided.
TASK 1
P1Project aims and objectives
Background of the research
Every company want to hold a strong position in local, regional and foreign market that
will help them in achieving their desired goals in a proper manner. To achieve these goals and
objectives, updated technology and sufficient amount of funds are requiredso that all the work
can be performed in an efficient manner. To satisfy international demand, an organisation is
needed to improve its recruiting, selecting and training process. It will benefit the company in
working appropriately in complex and changing situations. NESTLE is a transnational company
dealing in food and drinks sector. Company is situated in Vaud, Switzerland. It is the largest
company around globe in terms of revenues. Company provides confectionery, snacks, breakfast,
pet food etc. in context with present situation, company is operating worldwide. To sustain is
strong presence in market, it is essential for company to hire and select suitable workforce that is
able to manage business operations at global level.
Purpose of the research

Main purpose to carry out this research is to identify the ways in which multinational
organisation can improve their recruitment, selection and required training of employees. It will
support the firm in enhancing the working productivity of workers that will benefits in
achievement of organizational goals and procedures. Also, it will benefits NESTLE in attaining
all international needs om an appropriate manner so that market shares of firm can enhance
profitably. In accordance with researchers view point, this research will increase the professional
and personal knowledge of researcher that will help them in conducting future researches.
Aim: “To identify the requirement of improvement in recruitment, selection and training
of workers for multinational companies to satisfy international needs.” A case study on Nestle.
Objectives:
 To understand the concept of recruitment, selection and training.
 To analyze the importance of recruitment, selection and training for Nestle while
business expansion in international market.
 To determine the ways that will benefits Nestle in improving their recruitment, selection
and training process.
Questions:
 Do you understand the concept of recruitment, selection and training?
 What is the importance of recruitment, selection and training for Nestle while business
expansion in international market?
 What are the ways that will benefits Nestle in improving their recruitment, selection and
training process?
P2 Project management plan that covers cost, scope, time, quality, communication, risk and
resources

Project management plan is an approved and formal document which is needed to properly
execute a business project. It defines the action which are important to describe, integrate,
coordinate, plan and execute various planning activities. It will define proper way by which
Nestle can complete its project profitably. Different aspects which are related with project
management plan of Nestle are time, scope, risk, resources, cost, quality etc. These aspects are
mentioned below:
 Cost: It is considered as one of the essential aspect while managing a project. Estimation
of cost will benefit an organisation in understanding the amount of finances which are
needed to execute project in a proper manner. To manage a project properly, it is
essential for the researcher to have sufficient money so that all work can be performed in
a timely manner. Proper budget will help Nestle in preparing budget that will include all
estimated costs required in improving recruiting, training and selecting process of
company. For company, estimated cost is 32000 pounds. Project manager of company
have to perform all activities under this cost. From researcher’s side, estimated cost is
200 pounds.
 Scope: This project is started to analyse various factors that will help in carrying out
improvements in selecting and recruiting process so that capable skills can be hired. It
will enhance the brand reputation of Nestle in regional and foreign market. It defines that
the research scope is very high and will help the company in achieving its purpose of
conducting research. For researcher’s side, scope is wide as conducting this research will
help in gaining new information and experience which will be helpful for future
researches.
 Time: To operate a project in a proper manner, sufficient time is needed. If estimates
time will be less, then mismanagement of activities will take place. Estimated time for
company to accomplish this project is 11 weeks. For researcher, estimated time is 7
weeks. Sufficient time will allow the team member of project to carry out each activity in
an organised manner.
 Quality:It is another essential aspect which is associated with managing a project. While
managing a project, quality is evaluated according to the techniques and tools that are
used. If appropriate methods and techniques will be implemented, then required research

will also take place properly. In context with Nestle, effective training and regular
discussions will help company in performing project activity.
 Communication: Without effective communication methods, it is complex for project
members to interact and share information with each other. Ineffective communication
and interaction can result in project failure. Project members of Nestle can use several
communication tools to interact and communicate with each other like printed
documents, telephonic conversations, e-mails, voice conferencing etc. form researcher’s
side required communication tools will be phone calls, e-mails and SMS to gather
relevant and required information.
 Risk: Different risks which can be faced by researchers while carrying out research is
lack of information, insufficient funds or mismanagement of time. For company,
potential risks can be lack of investment and finances, time mismanagement and
improper communication.
 Resources:To manage business activities and operations in a proper way, sufficient
resources are needed. In case of Nestle, important resources will be advanced technology,
capital, finances and human resources. For researcher, required resources will be money,
books, internet, magazines etc.
P3 Work breakdown structure and Gantt chart to provide time-frame
Work break-down structure: WBS is a key project deliverable which organises and
divides the work of project in different manageable parts. It specifies the project scope into small
sections which are easily manageable and will get completed in a timely manner.