Managing Successful Business Project

MANAGING SUCCESSFUL
BUSINESS PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
STEP 1 – PROJECT PLANNING...................................................................................................3
Prepare project plan needed to meet the project objectives.........................................................3
Timeframe....................................................................................................................................6
STEP 2 – CONDUCT PRIMARY AND SECONDARY RESEARCH.........................................7
Prepare questionnaire defining the talent management of the organisation, what are the
approaches taken to manage talent management and how the company can improve the talent
management strategies.................................................................................................................7
STEP 4 – REFLECTIVE PRACTICE...........................................................................................18
Prepare performance review to reflect upon project plan, process and outcomes and reflect
about your performance to achieve the project objectives........................................................18
CONCLUSION..............................................................................................................................22
REFERENCES..............................................................................................................................24

INTRODUCTION
Talent management is an important tool in any business which is defined by managing
the internal workforce of an organisation. Different business applies different tools and measures
in order to develop and maintain the internal management the workforce. The human resource
manager of an organisation is responsible to recruit highly talented and skilled workforce of an
organisation and maintain a highly competent workforce in the organisation. In any organisation,
employee skill development is crucial as the workforce acts as the building blocks of the
organisation that performs all the functioning of the organisation in the most efficient manner. In
the context of Tesco, which is a UK based multinational organisation that delivers quality
services to its customers. It is a large retailer dealing in a project line of home and grocery items.
This report covers project plan for managing the talented workforce, primary and secondary
research, finding based on the project evaluation and reflective research (Artto, Ahola and
Vartiainen, 2016).
MAIN BODY
STEP 1 – PROJECT PLANNING
Prepare project plan needed to meet the project objectives
Project initiation
At this stage of project, the actual objective and need of the project development is bee
determined. The project manager in Tesco determines objectives of this project which involves
talent management strategies to attract and retain employees in the Tesco (Glukhov, Ilin and
Levina, 2015).
Cost incurred - 155 Euros
Project planning
At this phase, the project manager in Tesco consults with other line manager and team leaders
that what is the best plan that needs to formulated in order to accomplish the identifies project
objective. The project manager in Tesco formulates plans to improve the selection process.
Different strategies involve for improving the selection process in Tesco are offering the right

benefit package, transparency and open for addressing the job role, use online tools and
technologies.
Cost incurred - 275 Euros
Project execution
At this stage, the formulated plan is being implemented and assigned to different team in order to
accomplish the project objetives. The project manager delegates different duties to the human
resource manager in Tesco with the pre-determined plan that has to be followed in the selection
process. The project manager monitors and evaluates the effectiveness of the project plan and
implementation and reviews the performance and identify the gap and weakness that needs to
covered in the project plan (Martinsuo and Hoverfält, 2018).
Cost incurred – 800 Euros
In order to retain highly competent workforce in the organisation, the human resource
manager in Tesco formulates talent acquisition strategies. Methodology applied by human
resource manager in order to achieve the project objectives are as:
Business process redesign (BPR)
BPR is the process of improving the current structure or process to bring a positive change in the
management system. BPR method used by the human resource manager in Tesco helps
accomplish efficiencies in the business activities, reduces the cost of project work and other
related benefits. The process involved in BPR are:
Set clear goals and objectives
The first and the foremost step of defining organisation goals is the most step where the human
resource manager in Tesco defines the actual objectives of employee acquisition. It involves
defining the different talent and skills required in the organisation, the number of employees to
be recruited, what are the parameters of the selection process, description of the job roles and
position required (Matinheikki and et.al., 2016).
Determining core business process

It involves strategies that is to be taken in order to accomplish project objectives. The human
resource manager in Tesco, builds an employee-centric culture which means focusing on
employees needs in order attain productivity at work.
Identifying area of improvement
This stage involves identifying the area of improvement or weaknesses that need to be worked
upon. Human resource manager in Tesco reviews the selection processes and determines that
time and cost are the real issues in the selection process.
Designing and developing changes
In order to address the issue identified, the human resource manager in Tesco at this stage, With
the growing technological advancement, using online platforms for selecting and hiring
processes helps to engage with a large number of candidates with a limited time frame. HR
manager designs online selection platforms like LinkedIn which saves the cost and time in the
selection process and screens the most desired candidate which best matches the job requirement
(Newbert ed., 2015).
Implementing and monitoring changes
The last stages involve measuring the effectiveness of the designed changes. The human resource
manager measures effectiveness by estimating the number of employees retained through online
and offline medium which helps to evaluate that how far the implemented strategy has achieved
the project objective.

Timeframe