Impact of Talent Management on Performance of Tesco Plc

INDIVIDUAL REVIEW
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Table of Contents
INTRODUCTION...........................................................................................................................3
Brief overview of project proposal topic.....................................................................................3
Aims and Objectives....................................................................................................................3
Project Management Plan, Work Breakdown Structure, Timeline and Gantt Chart...................4
Usefulness of project planning tools along with its strength and weaknesses............................8
Application of risk management process in present project........................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUCTION
Project management plan is a process which help in the achievement of aim and objectives
of project. The present report is based on analysis of impact of talent management over
performance of Tesco plc. The report will also discuss the different planning tools usefulness,
strength and weakness along with the risk management process application on current project.
Brief overview of project proposal topic
Talent Management plays vital role in the performance improvement of the organization
because it focusses towards retaining the talented employees within the company. Tesco Plc is
one of the leading and second largest retailer of the organization that has implemented talent
management within their organization to motivate, retain its existing employee as well as
attracting new talents from local and international places. The impact of which the company has
because world’s ninth largest retailer. Hence, for the present report, the talent management
impact on business performance has been selected as it is influencing the people all around the
world. The talent management of an organization strongly focus on potential leaders who can
encourage its workforce rather than demotivating it (Meyers and et.al., 2020). Not only that,
talent management also helps the HR team of the company in their recruitment process in the
alignment of manpower needs. Tesco plc, has adopted talent management in order to reduce its
employee turnover because employee are the assets of the organization who largely contributes
towards the success of business.
Aims and Objectives
Aim:
 “The aim of project is to analyse the impact of talent management over the performance
of the organization. A case study of Tesco Plc.”
Objectives:
 To understand the talent management and its benefits to organization.
 To assess the practices of talent management used by Tesco plc in order to improve the
performance of its organization.
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 To identify the challenges face by organization while implementing talent management
within business.
 To suggest different ways through which company can improvise its talent management
practice within organization.
Project Management Plan, Work Breakdown Structure, Timeline and Gantt Chart
Project management plan basically state the list of activities and aspects with the help of which
aims and objectives of project are achieved. The aim of this project is to identify the impact of
talent management over the performance of Tesco Plc which involve the following steps and list
of activities:
Initiation: In the first step of project management plan, the scholar needs to identify and
create a project aims and objective based on unique idea and project topic. The idea must be a
new opportunity for the business or it can be a solution to existing problem. For example, the
current project aim is to identify and assess the impact of talent management over company
performance with the help of which high employee turnover problem get solved.
Planning: This is the second step of the project management plan which state planning
regarding the tasks, resources, cost and timeline. This also cover the communication and quality
plan (Ţicu, 2021). For example, Gantt chart is the most significant document that should be
created in the planning stage of current project which indicate the timeline of various tasks. Not
only that, this stage also states the methodology such as qualitative method adopted in order to
complete the project in successful manner.
Execution: This is the third stage of project management plan which involve the
execution of work that is planned in previous stage. It means putting the plan into action. For
example, in order to successful complete the present project with the achievement of aims and
objective, the scholar has allocated the resource, assign the task to team members, take meetings
and on that meeting prepare the status report of the project.
Controlling: This is the fourth stage of project management plan which is basically
merged with the execution stage because both stages move along with each other. For example,
in order to complete the current project and analyse the impact of talent management over Tesco,
the scholar has continually updated its plan to meet the deadline of 3 month. They have also
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