Managing a Successful Business Project

This report focuses on talent management in the context of H&M. It discusses the challenges faced by the company and the strategies implemented to create an effective and better environment. The report includes project aims and objectives, project management plan, work breakdown structure, and Gantt chart.

Managing a Successful
Business Project

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 1.......................................................................................................................................3
P1 Devise project aims and objectives for a chosen scenario. ...................................................3
P2 Produce a project management plan that covers, aim and deliverables, time, quality,
communication, risk and resources. ...........................................................................................4
P3 Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages
for completion. ...........................................................................................................................6
TASK 2 .....................................................................................................................................10
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives. .......................................................................................10
TASK 3..........................................................................................................................................12
P5 Present findings and data using appropriate tools and techniques. .....................................12
P6 Communicate appropriate Recommendations as a result of findings and data analysis to
draw valid and meaningful conclusions....................................................................................17
TASK 4..........................................................................................................................................18
P7 Reflect on the value of undertaking the project to meet stated objectives and own learning
and performance. ......................................................................................................................18
CONCLUSION..............................................................................................................................18
REFRENCES.................................................................................................................................19
Books and Journal.....................................................................................................................19

INTRODUCTION
Talent management is a continuous procedure which engage holding and gaining
amended quality of the workers. This procedure includes developing and improving the skills of
the employees, motivating them towards the work and improving their performance. The aim of
talent management is to create positive environment where workers can feel motivated and more
inspired. Workers and the human workforce are much important and essential part of the
company. Managing and motivating the workers will lead to effective development of the
company and also help the company to remove conflicts and uncertainty (Al Ariss, and Sidani,
Y., 2016). Now a day it has been analysis that, there are several companies who are going
through with many difficulties in relation with talent management that is why talent management
is very required for the companies in order to overcome the problems and difficulties in the
company. This report is going to explain about the H&M(Hennes & Mauritz AB). It is
international brand of clothing and also much reputed for their fashion, trend of the men, women,
children and many more. This context is going to concentrate on difficulties and hindrance which
is facing by the company in regards to talent management and about strategies and planning
which is opt by the company in order to make effective and better environment (Ncube, 2016).
MAIN BODY
TASK 1
P1 Devise project aims and objectives for a chosen scenario.
This context is going to conduct an investigation for analysing and measuring each factor
which is creating effects on the talent-management. Talent-management is process which is very
important and much required for the company in order to work properly with more effectiveness.
By using talent-management an organisation make them able to achieve their aims and goals in a
very effective and efficient way. There are few aspect which is considered by the company
(Pauli, 2018).
Research Title: - “The key challenges and obstacles facing different business sectors in
terms of talent managementt”
Research Aims: - “To identify the major problems and difficulties which is facing by
the company and attracting effective workers towards the company”. A case study of H&M
Research objectives: -

 To analysis the concept of the talent-management in context of H&M.
 To evaluate the significance and factors involved in talent management of H&M
company.
 To analyse the several strategies and planning that help them to overcome the problems
of talent management.
Research question
 What is the concept of the talent-management in context of H&M?
 What is significance and factors involved in talent management of H&M company?
 What are the several strategies and planning that help them to overcome the problems of
talent management?
Literature Review: -
According to Talent Management, (2021), Talent management is the concept of retaining
and grabbing effective and more talented workers towards the company. This concept supports
the company to develop the skills of the employee and motivate them towards the work so that
they can achieve and accomplish the goals and aims. This concept is much important part for the
companies in order to run effectively in the market with more opportunities and amended
workforce. H&M company follow the strategies and planning of the talent management that is
why they are producing high quality of the product and maintain the environment of the
company. This procedure or concept also support the company to analyse and identify the
behaviour and capabilities of the employees and what are their interest and quality and then take
initiate according to the analysation in order to separate them according to their capabilities.
There are several kind of difficulty facing by the company such as in a procedure of selection,
recruiting, training and development. There are some more issues like employees retention,
attrition rate, low performance of the employees so managing all these issues the company is
working on this investigation or on talent-management procedure. This concept direct the HRM
team of organisation to deal with problems and provide a way so that they can direct and select
appropriate employees in order to get more positive outcomes. The organisation should take
some measures in order to remove or overcome these kind of problems that is facing by the
company. So for these kind of challenges an company select several different research strategies
in relation with talent management.

P2 Produce a project management plan that covers, aim and deliverables, time, quality,
communication, risk and resources
Project management plan refers to appropriate framework which involve each data or
information which connected to the task and behaviour of the workers. Better information or data
is the cardinal and much important for the company when it comes to direct an organisation and
to get more effective and positive results towards the company. Planning is the procedure that
support the company to make strategies for better development and to grow in the market and
also help the company to accomplish the aims and objectives (Beke and Kolnhofer-Derecskei,
2018). Project management plan assist the company to evaluate and identify the capabilities of
the workers and what are deficiencies in the organisation which is related to the employees and
what are the measures that are required to be improved by them. Project management concept
include some steps which is taken by the investigator in order to make effective project plan
management report and which are time, risk, aim,quality, resources,communication. Project plan
is conducted by the organisation on regularity in order to identify the deficiencies and working
environment and capabilities of the workers(Селивановских, 2020). H&M is a most reputed
international organisation which is trading in retail market. By these planning and strategies they
can easily evaluate the problems and what are the factors where an workers is lacking (Nasser,
2019). This concept helps the company to improve their productivity and performance in the
market in order to increase the competition level and to get more positive outcomes. There are
several kind of project management plan equipment’s, tools and methods which is opted by the
company like Gantt chart, work breakdown structure and many more. The company H&M
involve several factors in project management plan and that are explained below:
 Aim and deliverables (Scope): - The aim of this report is to identify the obstacles and
problems which are facing by the organisation in order to improve the performance level
of the company and the capabilities of the employees. Scope factor represent the leniency
of the information and data in several domain of this report (Divekar and Raman, 2020).
This will develop and improve the profitability and effectiveness of the company.
 Risk: - Risk is the term that advert to the factors and aspect that prevent the research
project. The risk factors are something which is indivisible portion of any investigation
project. Believability of any data and information, expenses and high cost are the major
points and risk related factors of this report. In this investigation the risk factor is reltaed

to the positive outcome of any task and project because of the employees performance
The organisation H&M develop different strategies to handle the factors of risk.
Activities Expenditure (Pound)
 Analysed the issue £ 20
 Construction of plans £ 50
 Research evaluation £ 80
 Unilever Salary of researchers £ 10
 Miscellaneous expanses £ 120
 Project execution cost £ 180
Total £ 550
 Resources:- Appropriate and efficient utilisation of the resources is very required of the
company to perform effectively and to make project management plan report. The most
important and required resources for project management plan is worker because they
give their so much efforts to analyse and understand the project and get better outcomes
for the company. The resources which are used in this investigation mobile, internet,
laptop, stationary material, books and many more.
 Time: - Time factor which is very important for the company in order to complete the
investigation on a particular given time period. The company is working on them in order
to complete the this investigation and the deciding time period is 6 to 7 weeks.
 Quality: - This factor quality of much important for planning management project
report. H&M company apply several techniques and concept to maintain the quality of
the report. There are few methods which is used by the company and that is qualitative,
quantitative, questionnaire and so on because little quality can also effect the report so it
is much necessary to maintain the quality of the report (Fuchs and Ringlstetter, 2016).
This factor or element upgrade the information and data by being examine by several
competitor features so that the company H&M can develop and create more effective and
amended quality of the goods as compare to their challenger.

 Communication: - appropriate and effective communication is much required and
needed for effective report. The company H&M is also working on this factor because
ineffective communication creates lots of problems so maintaining better communication
is very important and play an important role in the research.
P3 Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages for
completion.
H&M is multinational and operating on large scale organisation so maintaining talent
management concept in an effective way is much essential for the company. So for controlling
and managing the talent management concept a company opted Gantt char and WBS. These
tools play an important role towards the company. These also support the company to identify
the performance level of the workers in the company so that they can overcome the problems and
increase the productivity of the company(Gulshani, 2019). Also these equipment support the
company to conduct several activities that will help them to divide the task accordingly. These
activities help the company to overcome the load from the among so that they can complete their
task with leniency and get more positive outcomes. WBS and Gantt chart contain several
different factors and also help them to overcome these problems and obstacles that is connected
to the process of talent management.
Gantt chart
This is graphical representation of the procedure that explain the planning of the project
which are planning for completing the task and project. This is the method which is applied by
the company to evaluate and analyse the time period in activities . There are several features that
will be brush like ending and starting time of activities, elaboration of different activities and the
time that is spend of the activities. Gantt chart is very important and also assist the company to
identify the deficiencies and what are the factors where an organisation is lagging in terms of
talent management. So Gantt chart help them to minimise these problems and also help them to
grow. Gantt chart provide an time framework which help the researcher in this report to separate
the activities accordingly.

Work Breakdown Structure
This is an another method which is applied by the company while making planning
management project report. This method is advert to splitting the work and their activities into
several parts so that they can overcome the burden from the employees. This method also help
the company in raise the efficiency and productivity of the company and overcome the attrition
rate of the company (Harmen, 2018). In relation with H&M these tool is very important and
essential for the company because it will provide so many modes that will overcome the burden
of the worker. Also let them know about the capabilities of the workers and help them to
assigned the work accordingly.

TASK 2
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives.
There are several methods taken in this report for collecting and evaluating the data and
which are explained below:
Quantitative approach: This approach of management includes few methods or
techniques like information model, statistics and some other computer imitate in order to
enhance the decision making. This methodology also includes the facts, figure and number based
data. This approach is giving correct outcomes because it is based on numerical facts and that is
why it is very effective. This approach include graphs, charts, tables and so on (Kasemsap,
2017).
Qualitative approach: This investigation method include open ended question that is
generally applied for analysing and determining the orientation. This method includes the
research, questionnaire which involve open ended questions that do not have particular
explanation.

This report is going to take both methodologies approaches because in this research there
is requirement of doing study and survey. In this context there is requirement for collecting the
data so for collecting the data there are two techniques that are mentioned below:
Primary data: This technique is very time taking and contain so much price. This
technique used by the researcher when they want accurate and appropriate results. This
techniques is used when the study is complete and the investigator wants to develop a question
which are connected to selected subject.
Secondary data: This technique is much popular and effective to collect the information.
In this method the investigator develop their interest level in order to collect the data. This
method or collecting the data does not provide accurate information as compared to primary
data.
This report is going to use both of the techniques in order to collect the data. They also
used selection that considered questionnaire and which are explained below:
Sampling is the procedures which is used for collecting the data, when the collection or
assemblage is large in size. This research chooses the sample size and that is 30.
Questionnaire
Quantitative questions
Q1) Do you have a grasp on the idea of talent management?
a) Yes
b) No
Q2) according to your talent management help the company towards the growth and success?
a) Yes
b) No
Q3) H&M applied the concept of talent-management in order to retain the employees and
develop the skills of the worker?
a) Yes
b) No
Q4) For developing the productivity of the workers what are the steps that is taken by the
H&M in order to maintain the talent management?
a) Cater occupation description.
b) develop an appropriate strategies for acquiring attainment.

Q5) what are the further steps which is mandatory in H&M talent-management plan of
actions?
a) hire and keep capable and talented workforce.
b) develop performance of the workers
c) keep inspiring human resources
Q6) what are the effective structure which are influence by H&M for maintaining talent
management?
a) enhance motivation in order to accomplish the goals
b) raising satisfaction of job
c) develop the interpersonal capabilities
Q7) What are the steps acquired by the company to increase the efficiency of H&M?
a) Job Rotation
b) Programs of training and development
Qualitative questions
Q8) what are important strategies which is used by H&M to inspire the productivity of the
employees?
 Performance appraisal tools
 assisting workers for accomplishing their aims.
Q9) Advice
TASK 3
P5 Present findings and data using appropriate tools and techniques.
THEME 1: Basic concept of talent management
Q1) Do you have a grasp on the idea of talent management? Frequency
a) Yes 21
b) No 9

Interpretation: It is perceivable from the above chart that that 21 candidates is saying yes
and 9 individuals is saying that they do not understand the concept of talent-management. It is
identified from the above data that 21 people know the concept of talent management which
shows that it takes less efforts in the process of retaining of employees.
THEME 2: Talent management which assist the company towards their success.
Q2) according to you talent management help the company towards the
growth and success?
Frequency
a) Yes 24
b) No 6
a) Yes b) No
0
5
10
15
20
25
Column B
a) Yes b) No
0
5
10
15
20
25
Column B

Interpretation: It is well-defined that out of 30 candidates there are 24 Think that
concept of talent management helps the company to grow in the market and 6 people think that it
is not much supportable (Latukha, 2017). According to the result of survey it is identified that
many people knows about importance of talent management as they thought that it assist in
getting success and growth of organisation.
THEME 3: H&M used the concept of talent management for grabbing skilled employees
Q3) H&M applied the concept of talent-management in order to retain the
employees and develop the skills of the worker?
Frequency
a)Yes 26
b) No 4
Interpretation: it is very clear that that the company is applied the concept of the talent
management because they want more customer base. H&M used this method in order to retain
their employees in the organisation. It shows that they are concerned with talent management
and it assist in appointing talented employees.
THEME 4: For retaining workers what are the strategies taken by the H&M company
Q4) For developing the productivity of the workers what are the steps that is taken
by the H&M in order to maintain the talent management?
Frequency
a) Cater occupation description. 6
b) develop an appropriate strategies for acquiring attainment. 24
a)Yes b) No
0
10
20
30
Column B

Interpretation: From the upper mentioned data it has been analysed that 24 candidates
think H&M is developing more strategies in order to increase more productivity in the company.
This data shows that H&M trying to develop more and more strategies so that they can overcome
with the situations of employment turnover ratio because it gives a negative impact on
organisation.
THEME 5: Leading and important postulate in H&M talent management strategy
Q5) what are the further steps which is mandatory in H&M talent-management
plan of actions?
Frequency
a) hire and keep capable and talented workforce. 19
b) develop performance of the workers 6
c) keep inspiring human resources 5
a) Cater occupation description.
b) develop a appropriate strategies for acquiring attainment.
0
5
10
15
20
25
Column B

Interpretation: From the above question it has been analysed that the company is hiring
more capable candidates in order to get positive and effected outcomes. Company focuses on
hiring talented employees so that they can give their best performance and higher efficiency.
THEME 6: Important structure which is influence by H&M
Q6) what are the effective structure which are influence by H&M for maintaining
talent management?
Frequency
a) enhance motivation in order to accomplish the goals 15
b) raising satisfaction of job 5
c) develop the interpersonal capabilities 10
a) hire and keep capable and talented workforce.
c) keep inspiring human resources
0
2
4
6
8
10
12
14
16
18
20
0
6
12
Column B

Interpretation: H&M is focusing on each and every aspect in order to accomplish the
target and aims effectively. Mainly the company is focusing on building and improving the
motivation of the workers in order to achieve the goals and targets. Every organisation has
different structure which should be match with their gaols so that they can accomplish their
objectives. H&M has an organisation structure in which they are focusing on giving motivation
to their employees so that they can get maximum efficiency in performance.
THEME 7: what are measures taken by the H&M company in order to managing the
manpower
Q7) What are the steps acquired by the company to increase the efficiency of
H&M?
Frequency
a) Job Rotation 15
b) Programs of training and development 15
Interpretation: From the above evaluation H&M took both the steps equally so that they
can manage effectively and increase more efficiency and workforce of the company. It is the
most important decision that should be taken by company wisely in order to retain their talented
and skilful employees in the organisation. H&M used both measures equally which encouraging
a) Job Rotation
b) Programs of training and development
0
2
4
6
8
10
12
14
16
Column B

employees that they are not leaving their organisation that are job rotation and training and
development programme.
Qualitative analysis:
Q8) what are important
strategies which is used by
H&M to inspire the
productivity of the
employees?
Performance appraisal tools The company is applying several strategies of appraisals
like appreciation programs, rewards, bonus that will
motivate the employees to work more effectively.
assisting workers for
accomplishing their aims.
It is explained that providing proper and appropriate
information to the employees helps them to achieve and
complete the task effectively and achieve their aims in a
particular time period.
P6 Communicate Appropriate Recommendations as a result of findings and data analysis to
draw valid and meaningful conclusions.
On the basis of upper mentioned research, it is recommended that , H&M should
take positive and effective efforts in order to retain their workers that have much capabilities to
complete the task and handle any situation. It is also recommended that they have to pay more
attention towards the effectiveness and developing job satisfaction among the employees. As job
satisfaction is much important factor towards the interest level of the employees and also Create
effect on the performance of the workers because better and positive satisfaction of the job leads
to more productivity and growth of the workers. They are also advised to develop more activities
and strategies that will boost the motivation of the employees in a very effective manner. The
appropriate and effective motivation at appropriate time period will leads to create high profit
and also increase the productivity of the workers and help them to accomplish the aims and
objectives of the company (Mishra and Sarkar, 2018). It is recommended to the organisation
according to the findings that they should focus on providing more and more training sessions so
that their employees become talented one. It is also suggested that they should take necessary
corrective measures so that they can overcome with the uncertain situations. They should focus

on arrangement of motivational programmes so that they can encourage towards accomplishment
of goals and objectives.
TASK 4
P7 Reflect on the value of undertaking the project to meet stated objectives and own learning and
performance.
I have complete this study or this investigation, I am facing several kinds of problems and
obstacles while completing this report. I analysed that it much difficult to collect the information
and data from the individuals because as they have so much insecurities in their mind which is
related to their safety of personnel data so, these kind of things create barrier and obstacle while
collecting the exact data. Sometimes there were so many candidates who gave inappropriate
information may create so much hurdle and make the investigation less authentic. I have faced so
many problems and obstacles that is connected to these problems and these things lose my
confidence and also remove the quality of my workforce. Moreover, there were so many reliable
and developed individuals who support and assist me to do investigation and gaining appropriate
and suitable information. In the end of this research, after facing all obstacles and challenges, I
reached at that point where I can accomplish my target and goals and complete the report in a
very effective way. For me it is not an easy task to find the solution or measures in order to retain
employees in the organisation. In the process of survey I faced many problems and issues such as
people are not ready for giving the information because they are feeling a trust issue. It is very
difficult for me to get answers from audiences. One important issue that I faced is that person
who gave their answers I found that they are not reliable and accurate which is not helping me to
find the result. But I analysed that it is very important for me that all issues should be solve so
that I attained my goals and objectives. I find a way to solve these issues by explaining them
about the importance of talent management. I also found many things in between survey which
gives me idea to retain employees in the organisation.
CONCLUSION
From the above mentioned report it has been concluded that, talent-management is much
and very important for the company in order to grow and sustain in the market effectively. As

talent management provide help the company to attract more individuals towards the company.
This also assist the company to achieve their goals and aims in a particular time period and hire
more talented and skilled workers for the company so that they can get more positive outcomes.
keeping up the workers should be main aim of the leaders to keep level of consistency in the
company. This report conduct research methodologies and data collection techniques in order to
collect appropriate and fresh information. There are two techniques has been taken by the
investigator which is primary and secondary. In the end it has been summarised that talent
management plays an important role towards the growth and development of the company.

REFRENCES
Books and Journal
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Divekar and Raman, 2020. Talent Management in Academia--The Indian Business School
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Fuchs and Ringlstetter, 2016. Talent Management in Universität-Unternehmenskooperationen.
Springer Fachmedien Wiesbaden.
Gulshani, 2019. A Process Model of Talent Management in Structurally Ambidextrous
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Harmen, 2018. Pengaruh Talent Management dan Knowledge Management Terhadap Kinerja
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Latukha, 2017. Talent management and global value creation: how do Russian companies do
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Mishra and Sarkar, 2018. Talent Management in Digital Age–A Case of Indian CPSEs. IPE
Journal of Management, 8(2), pp.45-53.
Nasser, 2019. The Reality Application of Academic Talent Management Strategies at King
Faisal University. Journal of Institutional Research South East Asia, 17(1).
Ncube, 2016. Mediating the relationship between talent management practices and intention to
quit (Doctoral dissertation).
Pauli, 2018. Talent Management Practices in Polish Small and Medium Enterprises. Human
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TARIQUE, I. and WEISBORD, E., 2018. The emerging field of global talent management and
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Wahba, 2016. The effect of leadership style on talent management practices comparative study
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Online
Talent Management. 2021. [Online]. Available through: <https://www.valamis.com/hub/talent-
management>.