Managing a Business Project

This document provides an overview of managing a business project, with a focus on talent management strategies for successful organizations. It includes information on the aims and objectives of TESCO organization, project management plan, Gantt chart and work breakdown structure, quantitative and qualitative methods, and more.

Managing a successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Overview of the company............................................................................................................4
TASK 1............................................................................................................................................4
Aims and objectives of TESCO organization.............................................................................4
Project management plan.............................................................................................................6
Gantt chart and work breakdown structure to complete the project............................................7
TASK 2............................................................................................................................................8
Explain quantitative and qualitative methods to accomplish the organization objectives and
goals.............................................................................................................................................8
TASK 3..........................................................................................................................................12
Data and Research with appropriate tool and techniques..........................................................12
Recommendation.......................................................................................................................20
TASK 4..........................................................................................................................................20
Reflection...................................................................................................................................20
CONCLUSION..............................................................................................................................20
REFRENECS.................................................................................................................................22
Books and Journal......................................................................................................................22

INTRODUCTION
Talent management is the procedure which is applied by the organization so that they can retain
their most talented and skilled employees in the company. Every organization conduct and
considered talent management in order to get more success and growth for the company. Talent
management is a procedure which concerned with retaining of the workers in the company and
also performs several activities of human resources. Talent management process help the
company to develop inspire retain and attract skilled employees towards the company full stop in
the current report it is very e important for the organization because it helps the organization to
identify the effective strategy of talent management in order to get more success in context of
Tesco organization. Tesco is a multinational British organization which is founded in 1990 in
London. The company is dealing with grocery market crockery market and clothing market and
several more in order to get successful stops this report going to the present several Strategies
and methods which are used by the investigator in order to achieve their goals and objectives in a
very appropriate manner.
MAIN BODY
Overview of the company
Tesco is a British multinational organization trading in retail market full stop the headquarter of
Tesco Organization in welwyn garden city England. Organization is founded in 1919 east and of
London by jack Cohen. This is the third largest Organization in the Retail Industry which is
evaluated by the gross revenue of the company. The company trades variety of the products in
order to get more opportunity and success in the Marketplace.
TASK 1
Aims and objectives of TESCO organization.
Research Aim
“ To identify the Effective talent management strategies for successful organizations” A study on
TESCO Plc.
Research Objectives
 To identify the concept of talent management process

 To understand about the effective strategy for successful business To identify the strategies which is used by the management team in order to overcome
the barriers and problems of the company TESCO?
 To identify the issues which are faced by the organization in context of talent
management process
Research questions
 What are the concept of talent management procedure in the organization
 What are the effective strategies in context of talent management which are adopted
by the Tesco company?
 What are the issues or behaviours that are faced by the company in context of talent
management process in Tesco Plc.?
 What are the effective strategy for successful business?
Literature Review
 What are the concept of talent management procedure in the organization?
As per the, “(Armstrong and Taylor, 2020)”,The talent management is the process in which the
company is operating and performing several activities which is associated to the hiring and
retaining the skilled employees in the organization. It is associated to the retaining of the
employees and attracting more trained and skilled workers in the company in order to get more
positive outcomes. Talent procedure is very important for the organization in order to get a
personality and achieve their goals and objectives in a very appropriate manner. It also help the
company to get more competitive advantage in a very appropriate manner so that they can
complete with the competitive globe in the very effective manner.
 What are the effective strategies in context of talent management which are adopted by
the Tesco company?
According to the, “(Cappelli, and Tavis, 2016)”,There are several factories strategies
which is associated to talent management in order to gain opportunity which are adopted by
the organization for stop the company is conducting several training and development
program in order to increase the skills of the employees so that they can perform in a very
appropriate manner. The organization is also conducting several recruitment methods so that
they can hire more talented and skilled employees in the company in order to get more
positive outcomes. The organization also conducting some appraisal program in order to

motivate the workers towards their first so that they can feel more inspired and appreciated in
order to give their effective efforts
 What are the issues or behaviours that are faced by the company in context of talent
management process in Tesco Plc.?
According to the, “(Buchelt, 2018)”, Several issues which are facing by the company
which is associated to the management procedure. Please become much difficult for the
organization to hire and retain more talented people in the company so it is the major issue which
is facing by them. The other issue is high demands of total compensation. As the workers are
continuously feels more pressure is in order to provide well for the organization it decrease their
moral and motivation in order to work effectively. Lake of leadership is the issue which is facing
by the company full stop increased employee turnover which are facing by the talent
management team in the organization.
 What are the effective strategy for successful business?
As per the view point of , “(Davis, 2017)”,As there are several strategies in order to get
more success for the business. That is why it is very important for the organization to adopt
talent management because it assists the organization to achieve their goals and objectives in a
very effective and efficient manner. The organization is adopting several strategies that help
them in retaining and attracting new consumer towards the company. As employees are the
major and key component of the company which operate their business in a very appropriate
manner for stocks that this is the main reason that the organization is concentrating on several
strategies so that they can get more success and opportunity for the company.
Project management plan
Project management plan is the procedure which refers to the document in which the
organization are documented every activities and practices which is associated to the
performance of the workers. It supports the company like a road map so that the company
analyse their performance and accomplish their goals and objectives in a very effective manner.
The performance management plan and their activities can be operated by the help of raising the
performance and effectiveness of the workers(Fejfarová, and Urbancová, 2016). It is very
important for the Tesco organization because as their workers strength and capabilities is
amended so it is analyzed that they always try to make a performance management that support
them to identify about the effective performance of the employees. Performance plan
management includes several activities in their structure which are mentioned below:
Scope: This is the factors which is associated with the direction of the research at in which the
extent of the research can be used for stop this research is generally concentration on gantt chart
and work breakdown structure in order to divide the work in a small parts so that the workers can
feel better and do their activities in a very appropriate manner.

Time: every Research and task has a limited and bounded time in which the organization should
have accomplished their work .this report going to take 3 to 9 weeks in order to accomplish the
project.
Quality it is very important for the investigator to maintain the quality of the project when they
develop performance management plan. Because as it help the organization and investigated to
decide the result. Performance management plan of the Tesco organization explain that they use
several effective Strategies and tools like primary and secondary methods qualitative and
quantitative methods in order to maintain the quality of the research.
Resources the concept of performance management plan applied several kinds of resources in
order to make the research very effective. The resources which are used by the investigator is
mobile laptop books journal and many more.
Risk This is the factors which arise while operating and performing the research. Everything is
very important for the company to you is sure about the risk factors like cost expenses in order to
perform appropriately and to get success of performance management plan.
From the above analysis it is determined that performance management plan support the
organization to accomplish the project in a very appropriate and effective manner. It contains
several important Tools and techniques that are mentioned above in order to get appropriate
information.
Gantt chart and work breakdown structure to complete the project
The organization TESCO is a very large company with sale variety of the product in
order to achieve their goals and objectives and create huge customer base. In order to analyze the
performance of the company that research develop performance management plan so that they
can successfully develop a Gantt chart and work breakdown structure in order to identify and
separate the roles and responsibility of the individual according to their capability.
Gantt chart: it is the equipment which is applied by the organization in order to analyze and
decide the timeline for their report. It is very important for the organization and Research to
complete the project in order to get assistance and help for the organization in order to get
opportunity. Every assign task and project has some deadline in which the individual are
assigned to complete the task in a very appropriate manner. This procedure and assigned time
explain about the starting and the end date of the project in order to a complete their project by
using several tools in a appropriate time period.
Work breakdown structure: In this research, There are several activities which are required to
perform to the organization so that they can complete the task in order to accomplish their goals
and objective. From the investigation it has been identified that the Walkers feel so pressurized
and faces several problems which is associated to the work pressure. So in order to overcome the
burden of the task it is required to the organization to divide their task in small parts so that the

organization and the team members can complete the task in a very appropriate manner full stop
by dividing all the words into small part help the employees to feel less pressurized and work
according to their interest and adopt work breakdown structure (Grant, 2016).
TASK 2
Explain quantitative and qualitative methods to accomplish the organization objectives and goals
In order to a complete the research the organization use some significance methods and
approaches that are below mentioned:
Quantitative methods: This is the method which refers to the organization that used
numerical data so that they can complete the project by collecting numerical data in the form of
information. Quantitative method used in statistical equipments and graphs that help the
individual and their employees to understand about the aim of the research. It is very essential
for the company that they should identify and analyze the circumstances and use the methods
accordingly so that they can accomplish the goals and objectives.
Qualitative method: Method is also very essential for the organization in order to
complete the task and collect the information in a very appropriate manner. it is very important
for the company that the shit initiate some relevant action in order to select the methods for the
project. Qualitative method consists open-ended question that help the organization and
individual to conduct interview observation and survey in order to get relevant information.
Data Collection method: Data Collection method is a very important method for the
organization in order to collect the information which is associated to the project and given
report. There are two kinds of a process which are used in data collection method that is
secondary data collection method and primary data collection method (Goffin, and Mitchell,
2016). It is analyze that this report going to use both methods in order to get relevant information
about the task.
Primary data collection method this is the method which is applied by the organization
Tesco in order to get relevant data and information to complete the task. Primary data collection
method uses several tools and equipments in order to collect the information and get accurate
data. This method is very time consuming as compared to the secondary data collection methods.
Secondary data collection method: The secondary data collection method is concerned
with published data that is already published in books general news paper and many more. It is a
very appropriate method in order to get relevant and appropriate information about the task(Gu,
and He, 2018). It is less expensive and less time consuming as compared to the primary data
collection method. But secondary data collection method gives less relevant information as
compared to the primary data collection method.

From the above mentioned analysis it has been analyzed that the organization should
choose appropriate approaches in order to collect the relevant information and complete the
project.

Questionnaire
Quantitative questions
Q1) Do you understand the term “ Talent Management”?
a) Yes
b) No
Q2) Talent Management is important for the company or not?
a) Yes
b) No
Q3) According to you the company TESCO can enhance their productivity with
the help of talent management?
a) Yes
b) No
Q4) TESCO company is using talent management strategies or not?
a) Yes
b) No
Q5) According to your viewpoint, why the company TESCO is using talent
management strategies?
a) Hiring talented and skilled applicants
b) Retaining skilled workers
c) Overcome Turnover ratio of the workers
Q6) what are the barriers and issues which are face by the company in context of
talent management ?
a) Lack of leadership
b) Work pressure
c) Higher demands of compensation

Q7) according to you what are the strategies is adopted by the company in order
to overcome the issue and challenges ?
a) Motivation and appraisal programs
b) Catering workplace reimbursement
c) Training and development program
Q8) What are the strategies which is associated to talent management in order to
retain the employees TESCO?
a) effective activities of HR
b) Training and development activities
c) growing interpersonal skills
Qualitative questions
Q9) Explain that what are the immediate activities which are undertaken by the
company in order to overcome the barriers?
a) Amended leadership
b) develop employee’s turnover ratio
Q10) What are the effective strategies that are adopted by the TESCO in order to
get opportunities and retain their employees?
a) appraisals and rewards
b) Integrate the person aims with organizational goals.
Q11) Recommendations.
TASK 3
Data and Research with appropriate tool and techniques
Quantitative questions
Q1) Do you understand the term “ Talent Management”? FREQUENCY

a) Yes
b) No
Q2) Talent Management is important for the company or not?
a) Yes
b) No
Q3) According to you the company TESCO can enhance their
productivity with the help of talent management?
a) Yes
b) No
Q4) TESCO company is using talent management strategies or not?
a) Yes
b) No
Q5) According to your viewpoint, why the company TESCO is using
talent management strategies?
a) Hiring talented and skilled applicants
b) Retaining skilled workers
c) Overcome Turnover ratio of the workers
Q6) what are the barriers and issues which are face by the company in
context of talent management ?
a) Lack of leadership
b) Work pressure
c) Higher demands of compensation
Q7) according to you what are the strategies is adopted by the
company in order to overcome the issue and challenges ?
a) Motivation and appraisal programs
20
10
FREQUENCY
15
15
FREQUENCY
12
18
FREQUENCY
16
14
FREQUENCY
9
10
11
FREQUENCY
9
9
12
FREQUENCY
10

b) Catering workplace reimbursement
c) Training and development program
Q8) What are the strategies which is associated to talent management
in order to retain the employees TESCO(Turner, 2018)?
a) effective activities of HR
b) Training and development activities
c) growing interpersonal skills
Qualitative questions
Q9) Explain that what are the immediate activities which are
undertaken by the company in order to overcome the barriers?
a) Amended leadership
b) develop employee’s turnover ratio
Q10) What are the effective strategies that are adopted by the TESCO
in order to get opportunities and retain their employees?
a) appraisals and rewards
b) Integrate the person aims with organizational goals.
Q11) Recommendations.
10
10
FREQUENCY
15
7
8
Data and Finding

Q1) Do you understand the term “ Talent Management”?
a) Yes
b) No
Frequency
20
10
Interpretation: From above-mentioned graph has been analyzed that there are 20 applicants to
understand the term talent management
1 2
0
2
4
6
8
10
12
14
16
Frequency
Q4) TESCO company is
using talent management
strategies or not?
Q2) Talent Management is important for the company or not?
a) Yes
b) No.
Frequency
15
15
Interpretation: The above-mentioned analysis it has been identified that there are 15 applicants
who understand the importance of talent management for the company and according to the 15
applicants that did not think that talent management is much important for the company.

1 2
0
2
4
6
8
10
12
14
16
Frequency
Q4) TESCO company is
using talent management
strategies or not?
Q3) According to you the company TESCO can enhance their productivity with the
help of talent management?
a) Yes
b) No
Frequency
12
18
Interpretation: on the basis of 12 applicants the organization Tesco can develop and improve
their productivity by the help of talent management.
1 2
0
2
4
6
8
10
12
14
16
Frequency
Q4) TESCO company is
using talent management
strategies or not?

Q4) TESCO company is using talent management strategies or not?
a) Yes
b) No
Frequency
14
16
Interpretation: According to the 16 Applicants the organization is using talent management
strategies in a very appropriate manner. (Szabó, 2019)
1 2
0
2
4
6
8
10
12
14
16
Frequency
Q4) TESCO company is
using talent management
strategies or not?
Q5) According to your viewpoint, why the company TESCO is using talent
management strategies?
a) Hiring talented and skilled applicants
b) Retaining skilled workers
c) Overcome Turnover ratio of the workers
Frequenc
y
9
10
11
Interpretation: According to nine applicants the organization Tesco is using hiring talented and
skill applicant to strategy in order to get opportunities full stop according to the remaining one
retaining skilled workers and overcome turn ratio of the workers if the determined strategy which
is using by the company

1 2 3
0
2
4
6
8
10
12
14
16
Frequency
Q8) What are the
strategies which is
associated to talent
management in order to
retain the employees
TESCO?
Q6) what are the barriers and issues which are face by the company in context of talent
management ?
a) Lack of leadership
b) Work pressure
c) Higher demands of compensation
Frequency
9
9
12
Interpretation: According to the 9 applicant's the Lack of leadership issues are facing by the
organization. According to this remaining applicants work pressure and higher demand of
compensation is the issue surfacing by the company(Nguyen Hong, 2016).
1 2 3
0
2
4
6
8
10
12
14
16
Frequency
Q8) What are the
strategies which is
associated to talent
management in order to
retain the employees
TESCO?

Q7) according to you what are the strategies is adopted by the company in order to
overcome the issue and challenges ?
a) Motivation and appraisal programs
b) Catering workplace reimbursement
c) Training and development program
Frequency
10
10
10
Interpretation: According to the 10 applicants motivation and appraisal program in strategy
adopted by the company so that they can overcome the issue and according to the remaining one
providing workplace reimbursement and training and development program are the strategy
doctor by them.
1 2 3
0
2
4
6
8
10
12
14
16
Frequency
Q8) What are the
strategies which is
associated to talent
management in order to
retain the employees
TESCO?
Q8) What are the strategies which is associated to talent management in order to retain
the employees TESCO?
a) effective activities of HR
b) Training and development activities
c) growing interpersonal skills
Frequency
15
7
8
Interpretation: According to 15 applicants effective activities of HR at the strategy that is
associated to the talent management in order to retain the employees. and according to the
remaining 12 in interpersonal skills in training and development activities are the strategies
which is associated to the talent management strategy.

1 2 3
0
2
4
6
8
10
12
14
16
Frequency
Q8) What are the
strategies which is
associated to talent
management in order to
retain the employees
TESCO?
Qualitative methods
Q9) Explain that what are the immediate
activities which are undertaken by the company
in order to overcome the barriers?
Explanation
a) Amended leadership It is analyse that if the organization concentration
on a vendor leadership them they can inspire their
employees to achieve goals(Sulistiono and
Winingsih, 2020).
b) develop employee’s turnover ratio
.
Require to each other that focusing on overcome
the turnover ratio of employees.
Q10) What are the effective strategies that are
adopted by the TESCO in order to get
opportunities and retain their employees?
a) appraisals and rewards Appraisal and rewards strategy motivate the
employees to stay in the company

b) Integrate the person aims with organizational
goals
Integration is essential for the company in order
to get growth.
Recommendation
From the above mentioned analyze, there is few recommendations Organization in order
to increase their productivity and efficiency which are mentioned below:
 It is recommended to the organization that they should improve their strategies in order to
attract Their employees.
 It is also this suggested to the organization that they should focus on improving their
performance by using several motivational factors in concept.
 It is also suggested to the organization that they should conduct effective training and
development programmed in order to motivate in improve the skills of their employees.
TASK 4
Reflection
I feel very grateful when I got this opportunity in order to participate in this project. It
help me to enhance my skills and make me confident to overcome the challenges which are
facing by me. There are several things which explained that talent management strategy is very
important for the organization in order to gain success and growth. I also got to know about that
reducing the employee’s turnover ratio helps the company to maintain their efficiency and
productivity. It also helps me to enhance my time management skills in order to complete the
task in a appropriate time. In this research investigator about the primary and secondary data
collection that helped me to explain about that how to deal with several kinds of person and
communicate with them in order to built relation and effective teamwork. Also I analyze that
every individual has a different thought process that is by the organization are required to
analyze the preferences and opinion of the individual in order to overcome the challenges and
enhance teamwork.
CONCLUSION
The above mentioned report it has been concluded that talent management is very
important for the company in order to accomplish the goals and objectives. If the company want
to you get more success than it is required to improve the performance of the workers by using
talent management strategy so that they can enhance the skills of the employees and attract new

skill employee towards the company. Talent management is the procedure which helps the
individual to improve their productivity with the help of leadership style effective and motivation
strategies. The above mentioned report it has been concluded that talent management is very
important for the company in order to accomplish the goals and objectives. If the company want
to you get more success than it is required to improve the performance of the workers by using
talent management strategy so that they can enhance the skills of the employees and attract new
skill employee towards the company. Talent management is the procedure which helps the
individual to improve their productivity with the help of leadership style effective and motivation
strategies.

REFRENECS
Books and Journal
Armstrong, M. and Taylor, S., 2020. Armstrong's handbook of human resource management
practice.
Bratton, J. ed., 2020. Organizational leadership. Sage.
Buchelt, B., 2018. Talent Management Practices in Hospitals. Human Resource
Management/Zarzadzanie Zasobami Ludzkimi, 125(6).
Cappelli, P. and Tavis, A., 2016. The performance management revolution. Harvard Business
Review, 94(10), pp.58-67.
Davis, P.J., 2017. How HR can create competitive advantage for the firm: Applying the
principles of resource-based theory. Human Resource Management International
Digest.
Fejfarová, M. and Urbancová, H., 2016. Human resource management in small and medium-
sized enterprises in the Czech Republic. Scientific papers of the University of
Pardubice. Series D, Faculty of Economics and Administration. 36/2016.
Goffin, K. and Mitchell, R., 2016. Innovation management: effective strategy and
implementation. Macmillan International Higher Education.
Grant, R.M., 2016. Contemporary strategy analysis: Text and cases edition. John Wiley & Sons.
Gu, F. and He, X., 2018, October. The Impact of Top Management Characteristics on
Performance of Bank—Research on Talent Strategy under the “Belt and Road”
Initiative. In 3rd International Symposium on Asian B&R Conference on
International Business Cooperation (ISBCD 2018) (pp. 372-377). Atlantis Press.
Nguyen Hong, H., 2016. Exploring Talent Management through Competency-based Profiling
Model for More Effective Training and Development Planning–Case Herman IT.
Sulistiono, A.A. and Winingsih, L.H., 2020. Influence of external factors on development of
high school student talent and competencies.
Szabó, J., 2019. How Can Academic Talent Be Measured during Higher Education Studies?--An
Exploratory Study. Higher Education Studies, 9(4), pp.200-213.
Turner, P., 2018. Attraction, recruitment and resourcing of talent. In Talent Management in
Healthcare (pp. 221-252). Palgrave Macmillan, Cham.