Strategic Resourcing and Talent Management

Strategic Resourcing and
Talent Management

Table of Contents
INTRODUCTION ..........................................................................................................................1
TASK 1............................................................................................................................................1
Comparison and analysis of 3 project management methodologies. .........................................1
TASK 2............................................................................................................................................3
Network diagram showing the relationship between all the activities........................................3
TASK 3............................................................................................................................................3
Stakeholder analysis for internal and external stakeholder.........................................................3
WBS.................................................................................................................................................4
TASK 4............................................................................................................................................6
Risk Analysis for FIVE different risks........................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES ...............................................................................................................................8

INTRODUCTION
All methods, concepts, techniques and procedures which are used and needed to arrange
and organise different task and activities of a particular event or project in desired way to finish
the work on allotted time is known as project management (Bluen, 2013). There are various steps
to be involved while managing a project such as planning, arranging, executing and proper
controlling of every activity.
This report is about a music festival at Bucks student union which is going to start on 15th
of July 2018 and includes number of activities. Three PM methodologies are compared with their
advantages and disadvantage, authentic network diagram with all possible relationship is
presented, effective stakeholder analysis is discussed in this report. In addition, Risk Analysis for
FIVE different risks is also discussed.
TASK 1
Comparison and analysis of 3 project management methodologies.
There have been number of PM theories with their benefits and drawbacks that can be
implemented within a particular event as per the requirement (Doherty and Dickmann, 2013). It
is needful for the project manager to analyse the suitability of implemented methodology so that
goals can be achieved in desired manner. Some of these are discussed below in the respect of
Musical Festival:
Agile Theory:
As per this methodology proper flexibility is provided within the project operation that
ease in flow of work. This also help the management and other team member to alter various
elements of project as per project convenient to complete task on exact deadline with maximum
benefits. Some of its usefulness and drawbacks are discussed underneath:
Benefits:
 This method of PM deliver flexibility in project operations that support to increase the
scope of creative work within operations.
 It includes invention and innovation within project activities structure that aids to
increase the usefulness of particular event in meanwhile.
Drawbacks:
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This methodology involves proper assessment on regular basis otherwise lead to negative results
so it is high-level hands on approach (Karatop, Kubat and Uygun, 2015).
 There are higher chances of failure of task because many time innovations are not
appropriate to be implemented and required lots of time and efforts which delay other
activities.
Waterfall:
This methodology basically works in the direction that risk must be identified and
resolved at initial stages of project for better outcomes. It primarily state that manager should
proper analyse every task very carefully at initial level and outline and design key parameters of
project. This help in eliminating risk at beginning making project more effective. Its advantages
and disadvantage are:
Advantages:
 It’s easy to implement and gives a suitable structure to project manager and team member
to look better into each task. This is useful in complex and critical stages of project.
Disadvantages:
This method does not provide proper flexibility to project activities so margin of error is high
(Reilly, 2018).
 It requires more time to be implemented as project manager has to closely look into each
aspects of event.
Scrum:
This approach is linked to high-end project adjustment that emphasis on the project's fast
and quick deliveries. In fact, it helps positively to the project as it increases the amount of
customer feedback that could be randomly listened.
Advantages:
 It is easy to be adapted which saves times and cost. Modifications after every feedback helps to increase the overall productivity.
Disadvantages:
 It is not easy to control as feedback have no specific time and date.
 The failure rate is more as compared to other methodologies.
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