Talent Management Project Management Plan with WBS and Gantt Chart

Managing Projects for Competitive
Success LDT3105

Table of Contents
BRIEF OVERVIEW OF CHOSEN REAL-LIFE PROJECT .........................................................3
AIM AND OBJECTIVES FOR THE SELECTED PROJECT.......................................................3
DESIGNING AN APPROPRIATE PROJECT MANAGEMENT PLAN INCLUDING A
WORK BREAKDOWN STRUCTURE ALONG WITH THE GANTT CHART..........................4
STRENGTHS AND WEAKNESSES OF PROJECT PLANNING TOOLS..................................5
Strengths of Work breakdown structure.....................................................................................5
Weaknesses of Work breakdown structure.................................................................................6
Strengths of Gantt chart..............................................................................................................6
Weaknesses of Gantt chart..........................................................................................................6
APPLYING THE RISK MANAGEMENT PROCESS ON PROPOSED PROJECT....................7
CONCLUSION................................................................................................................................8
REFERENCES ...............................................................................................................................9

BRIEF OVERVIEW OF CHOSEN REAL-LIFE PROJECT
Topic: A project proposal on Talent Management in an organization
Talent management refers to the company's commitment to hire, retain, recruit, develop
and select the most superior and talented employees available in the market. So, talent
management is one of the useful terms which describes a company's commitment to recruit,
select, retain and develop talented employees. It includes all of the work procedures and systems
which are directly related to retain and develop a superior workforce. It is known as a business
strategy that a company enables them to retain their topmost skilled and talented employees. In
simpler words, talent management is about a set of human resource procedures that link with
each other (Mensah and Bawole, 2018). It touches every key area of HR, from recruiting to
employee on-boarding and from management of performance to retention. The main motive of
talent management is increasing performance of the employees as well as organisation. It targets
at motivating, engaging and retaining talented workforce to make them perform in a better way.
When talent management procedure is done right then companies could easily build a sustainable
competitive advantage (Cross Walker, 2020). Employees are the asset of a company and they are
the people who have the responsibility to perform the assigned duties in a significant way. Here,
talent management plays quite important role as this motivates and engages employees to work
in a certain manner so that goals of the organisation could be attained.
AIM AND OBJECTIVES FOR THE SELECTED PROJECT
Research Aim:
To identify the importance of talent management process within an organisation to
improve the whole business performance
Research Objectives:
 To identify the talent strategy and talent management for the competitive success of the
business.
 To improve the talent management programs for the success of the business.
 To acknowledge the usefulness of the management in the time of expanding the talent
plan.

DESIGNING AN APPROPRIATE PROJECT MANAGEMENT PLAN
INCLUDING A WORK BREAKDOWN STRUCTURE ALONG WITH
THE GANTT CHART
A project management plan refers to the formal document which clearly defines the tasks
and activities that need to be carried out in a significant way. The plan covers budget, scope,
timeline, goals in order to keep the whole project in track. This management plan assists in
dividing activities in such a manner so that investigation could be completed in a significant
manner. There are two significant tools of project management plan which include Gantt chart
and Work breakdown structure.
Work breakdown structure (WBS): WBS is a tool that outlines several tasks needed for
completing the project on time (Padmakusumah and et. al., 2022). It is also used in the present
project for breaking down the activities into tiny tasks so that every operation could be done in a
significant way. The main motive of using work breakdown structure is scheduling project as per
the pre-determined plan. Some of the significant components of WBS are:
Tasks: In this several elements are included which are ID, title, number and description
related to the activities.
Task owner: In this name of the activities representative is written and shown. It is
considered for showing the individuals who are responsible for completing the assigned tasks
and activities.
Task predecessors: This is the third element that assists in making connection between
two tasks with the motive of showing the dependency with each other.
Start and finish date: It is the element which includes start and end date of every activity
so that project could be completed in a decided period of time.
In the existing project, WBS is an important tool because it assists in helping the project
manager to divide the activities in a significant and efficient way. The activities and tasks are
shown through graphical representation.