Managing Successful Business Projects
Added on 2021-01-01
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Managing SuccessfulBusiness Projects
Table of ContentsTITILE.............................................................................................................................................1INTRODUCTION ..........................................................................................................................1TASK 1: ..........................................................................................................................................1P1: Discover objectives and aims for multinational companies.................................................1P2: Project Management Plan.....................................................................................................2P3: Frame out Work Breakdown Structure and Gantt chart for the project................................4TASK 2: .........................................................................................................................................6P4: Small scale research is done by applying quantitative and qualitative research methods....6Questionnaire..............................................................................................................................8TASK 3............................................................................................................................................9P5: Analysing the research and data by using appropriate tools and techniques........................9P6 Recommendation:................................................................................................................18TASK 4..........................................................................................................................................18P7: Reflecting on research to achieve objectives and performance. ........................................18CONCLUSION: ............................................................................................................................19REFERENCES..............................................................................................................................20.......................................................................................................................................................20.......................................................................................................................................................21
TITILE “How do multinational companies improve the recruitment, selection andtraining of their employees to meet International requirements''?INTRODUCTION Globalization means free flow of goods, human resource and services across theboundaries of globe in integrated manner. It means that countries welcome foreign investmentsand liberalize import protocols into sectors which are the mainstays of the economy. Nestle is aSwiss transnational company dealing in drink and food segments worldwide. This is the secondlargest firm in terms of revenue generation (Ajda, 2015). Founded by Henri Nestle, 1866 and it'sheadquarters is in Switzerland. Organization plans out its aims and objectives also study time,quality, risk etc. to flourish in the international market. Training of existing employees helps tomeet the global demands as well as Gantt chart and WBS assist to distribute power and authorityaccording to employees capabilities so, productive outcomes can be seen. Both quality andquantity research provides reliable objectives and aims to the business associates to grab hugemarket ratio.TASK 1: P1: Discover objectives and aims for multinational companies.Background of the research. To accomplish profitability and long term sustainability in the business objectives andaims are framed in each and every firm. While aims and objectives are the key factors of theorganizations to be successful in the global market which directs their employees to workeffectively and efficiently in a specified direction (Cleveland, Laroche and Hallab, 2013). AsNestle is dealing worldwide so, the selection and hiring of candidates should be efficient andskilled enough to meet the dynamic change in the international market. Nestle is dealing in foodand drinks to it's customers like pet foods, breakfast, confectionery, cereals etc. in terms ofrevenue generation it's the second largest organization in the global market so, businessassociates should be evaluate all skills, knowledge etc. during selection and recruitment.Purpose of the Research. The main purpose of conducting this particular report is to conduct the ways or path by1
which not only Nestle but other other firm can also enhance their selection and recruitmentprocess. Right candidates at a right place provides business with higher efficiency and betterresults which is a positive sign for the organization in long run. It indirectly helps the business tofulfils their set targets and aims easily (Coker, 2014). For researcher it will act as a support inacquiring knowledge about distinguished aspects of recruitment and selection as well uplifts theprofessionals and personal developments. Aims: “Investigate distinguished ways by which multinational firms can enhance thetraining, selection and recruitment of their existing employees to meet global requirements.”Acase study on Nestle. Objectives:1.To examine the thought of training, recruitment and selection.2.To understand various ways by which Nestle can uplift the employees by Selection,training and recruitments. 3.To study the training, selection and recruitment benefits for both business and employeesat international level. Questions:What do you understand by the concepts of Training, Selection and Recruitments?Explain the various ways by which Nestle can enhance their selection, recruitment andtraining of new employees?Describe the training, recruitments and selection benefits on employees as well asbusiness associates? P2: Project Management PlanProject management Plan can de described as a approved or formal document thatexplains how the projects is monitored, controlled and executed (Connell, 2013). It's a completesummary of documents that includes the subsidiary management plans and baselines and otherplanning documents. Here are some project management plans explained :Cost: The term cost means an monetary value which is required for the completion of thetask,projects or plan (The Project Management Plan (PMP), 2018). For recruiting candidatesbusiness associates need to advertise on radio, newspaper whereas for selection aptitude testswill conducted and training will be given both on the job and off the job to the employeesTotal Forecasted Budget2
Particulars (2018-19) $CostAdvertisement Expenses3000Promotional Expenses2000Technology Implementation Cost40000Training Charges46000Total Cost75000Scope: Every firm is well aware about the efficiencies and skills of employees byconducting psychometric or aptitude tests and also by conducting timely training programmes toincrease their present skills and effectiveness and guide them new innovative ways to accomplishwork or targets in better and productive ways (Dutta and Bose, 2015). For Researchers the scopeof the project is to acquire amend information about training, selection and recruitments whichwill boost their professional and personal development of the researcher. Time: To complete all the three process of training, selection and recruitment the timerequires is 11 days for recruiting the candidates, 6 weeks for selection process and 5 weeks fortraining to new employees. Total time required for completion of project is 22 days. Here, 10days will be required by the researcher to complete the research.Quality: The strategies of advertising in newspaper will be more effective for the firm asit will provide more number of candidates for the post vacant (Fageha and Aibinu, 2013). Byproviding candidates timely training programmes it will directly uplifts the employees qualitywork and positive outcomes can be seen in short time duration which will be positive sign for thefirm in coming future. For researcher quality work means no error or mis leading informationshould not be mentioned in the project for the readers. So, research should be done inappropriate manner and all reliable and accurate data should me mentioned which will uplift bothreaders as well as researcher.3
Communication:- The term communication plays an important role in a project. The project isnot the work which is accomplished by only one person there is need to involve other membersas well as it is a proper team work (Fisher, 2011). For the successful completion of project it isessential to share all the required ideas, information and strategy in a way that other memberperform the task efficiently in a given period of time and complete the project in a better way.The successful project shows the effective communication and employee of the company. Risk:- There are various risks which are associated with the project. As the organization is notaware about the background of every employees so, there is high risk associated from hiring ofemployees till training and development of them (Hillson, 2017). So, through this companysuffers a lot because company invested much amount on their recruitment, selection, training anddevelopment. So, it is important to take all the aspects into consideration which are associatedwith the project which make additional cost to the researcher. Resources:- It is the term from which the project cannot be executed or completed. Neededmaterials are required to complete the project of good quality as well (Hung and et. al., 2012).The following resources for a researcher are notebooks, pen, books, internet connection etc. toaccomplished the proP3: Frame out Work Breakdown Structure and Gantt chart for the project.Gantt Chart:- It is a very important graphical tool which helps in to determine the taskperformed against time. It is beneficial when the project not yet started and it displayed thevisual presentation of activities on the chart with their appropriate time frame which helps in tocreate an easy understanding of the given project (Lambert and Enz, 2012). This is very usefulchart while planning for a project. It shows the activities and the task which are required toperform by a fixed time period. The percentage of tasks which are completed is shown by Ganttchart. It also shown the interlinking of activities with one another in the project and thisinformation is also necessary because there is always dependencies in the project of variousactivities. Suppose, one activity get delayed as a result, the whole project get impacted. TheGantt Chart helps management about requirement of additional resources and keep updatedabout when project get completed. 4
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