Managing a Successful Business Project: Talent Management Strategies for Small and Medium-Sized Businesses

Managing successful business project

Contents
Introduction......................................................................................................................................3
Task 1...............................................................................................................................................4
Part A. Project Planning...................................................................................................................4
Project management plan for the research..............................................................................4
Part B – Conducting research..........................................................................................................6
Small scale research with the help of qualitative and quantitative research..........................8
Task 2 – Present findings.................................................................................................................9
Section 4- Findings........................................................................................................................10
Task 3 – Reflective practice...........................................................................................................14
Recommendations:.........................................................................................................................15
Conclusion.....................................................................................................................................17
REFERENCES..............................................................................................................................18
APPENICES..................................................................................................................................19

Introduction
Talent management is regarded as the concept that is used for the purpose of developing and
organising of talented employee’s so that it can posses positive impact on the organisation and its
overall productivity. In organisations it has become an important component for the purpose of
having adequate process for human resource management. Walker transport is a brand that is
serving the progress organisations related with care about services, safety, reliability and value.
The organisation is dealing in delivering of outstanding customer services for optimisation of
their business services and efficiency (Turner, 2017). In present report there is analysis of the
way talent management practises are to be used for the purpose of managing the overall business
process for attracting and retaining of talent in the organisation.
Aims and objectives of the research
“To identify the ways talent management strategies that can be used for the purpose of
managing and retaining talent in small and medium sized business”. A study on walker
transport.
Objectives:
 To understand the concept of talent management in small sized business
 To identity various challenges associated with retaining and managing talent in walker
transport
 To formulate strategies for the purpose of dealing with challenges and maximisation of
effectiveness of retaining and managing talent in walker transport
Questions:
 What is the basic concept of talent management in small sized business?
 What are various challenges associated with retaining and managing talent in walker
transport?
 What are some of the strategies for the purpose of dealing with challenges and
maximisation of effectiveness of retaining and managing talent in walker transport?

Task 1
Part A. Project Planning
Project management plan for the research
Time: it is the vital aspects that are to complete all the activities that have to be completed in the
particular identified time frame (Fahmi and Mohamed, 2020). For this purpose in the present
research report there is identified time period of three months to complete the research
report.
Cost: it is the amount and the total expenses that will take place while conducting the study. It is
very important for the respect to set up the budget in order to complete the study with
appropriate financial resources (Harsch and Festing, 2019). In preset study the required
budget will be approx 800$ to complete the work suitably.
Quality: It is regarded as the aspect in which adequate quality standards have to be followed by
applying of various perspectives (Gündüzalp and Özan, 2020). In the present study there
will be identification of the ways in which there can be retention of talented employees for
longer time period.
Communication: It is very important for the researcher to communicate all the research
outcomes to all associated stakeholders. In present report there is use of both written and
verbal communication methods for the purpose of communicating all the research outcomes.
Scope: It is related with managing the coverall scope of the research report. In this process there
will be formulation of suitable strategies that is required for the purpose of managing the
competent talent in small sector business organisation.
Risk: it is related with the various associated risk that may affect the process of achieve the
present laid aims and objectives in the organisation (De Boeck, Meyers. and Dries, 2018). It
becomes very important for the research to have adequate measures to identify such risks
and formulate plans to deal with so that there can be no negative impact of such identified
risks on the overall outcomes of the research.
Resources: these are the resources that are required essentially for the purpose of completing the
project on time. It includes major resources that are manpower, machine, laptop and other. It
is identified that all these resources have to be optimised usage in order to maximise the
effectiveness of present research work (Mangue and Gonondo, 2021).

Work breakdown Structure and Gantt chart
Work breakdown structure is a project management application that is used by the researcher for
the purpose of dividing all the activities in more manageable form (Wiblen, 2021). It is
effective technique that is used for breaking the work in smaller segments so that all the
objectives can achieve timely. It is mainly used for the purpose of achieving the project aims
and objectives in a simpler and effective manner (Greene, 2020).
Gantt chart:
Gantt chart is useful for the researcher to identify the overall timeline of the project. In this the
various project activities are shown on horizontal axis and the time required is shown on
vertical axis. It involves starting time and specific associated time for each activity so that
researcher is able to meet the targets and provided time frame.

Part B – Conducting research
LITERATURE REVIEW
The concept of talent management in small sized business
As per view points of Kai li chung (2020,) Talent management is one of the key strategic
strategies that are used by leaders in global organisations. It is related with exploring the
applicability of talent management as a concept of Human resource management in the
organisations. In small sector organisations because of limited availability of workforce it
becomes more important for the organisation to focus on effective practices of talent
management that can help in maximizing the overall contribution of employees (Vaiman,
Collings and Scullion, 2017). Apart from this talent management is also related with having clear