Managing a Successful Business Project

This document discusses the importance of talent management in managing a successful business project. It covers the aims and objectives of the project, project management plan, primary and secondary research methods, findings and data presentation, and recommendations. The subject is business management.

Unit 6 – Managing a
Successful Business
Project

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
Prepare project aims and objectives for a chosen scenario.........................................................3
Project management plan............................................................................................................4
Work breakdown structure and a Gantt Chart to provide time frames and stages for
completion...................................................................................................................................6
TASK 2............................................................................................................................................8
Apply primary and secondary methods which are appropriate for meeting the project aims and
objectives.....................................................................................................................................8
TASK 3..........................................................................................................................................11
Present findings and data using appropriate tools and techniques............................................11
Recommendations.....................................................................................................................17
TASK 4..........................................................................................................................................17
Reflection..................................................................................................................................17
CONCLUSION .............................................................................................................................19
REFERENCES..............................................................................................................................20
APPENDICE..................................................................................................................................21

INTRODUCTION
Managing a successful business project is a kind of project management which is a
significant practice that includes planning, controlling, initiating and start working the work
within the specified project. These steps are mainly undertaken in order to achieve certain
objectives and goals. It requires requisite skills and knowledge to manage and implement the
project. It involves independent research and the investigation to carry out the project. Talent
management (TM) is considered as the constant process that includes attracting and also
retaining the workforce in an organisation by developing their knowledge and skill in order to
motivate and improve the performance of the staff (Bottema, 2019).
The organisation chosen for this report is Sainsbury, which is a multinational company
established in London in the year 1869. This report shall cover the research on talent
management with its aims and objectives, project management plan, primary secondary research,
its interpretation with recommendations. Lastly it will cover reflection of the researcher.
TASK 1
Prepare project aims and objectives for a chosen scenario.
TM is referred to as the process which is aimed to retain and attract the employees which
are of high quality in order to achieve the4 common goals and objectives. It helps in developing
the skills of the workforce so that they feel motivated which can result in the improved
performance (Hobbs and Petit, 2017). It is an important strategy which every business carries on
in order to eliminate the cost which may incur due to high employee turnover.
Sainsbury is a British company which deals globally. It was founded in the year 1869. It
is a second largest company in the supermarket chain in UK. It offers its products and services
through hypermarket, supermarket, superstore, forecourt shop and convenience shops. As a HR
consultant, a researcher is being selected for the organisation in order to identify the importance
of the talent management and best talent strategies can be brought out that may be used by the
organisation for retaining and attracting the employees. The main motive of undergoing this
research is to find solution for the problem of talent management by bringing the comprehensive
method which can fulfil its objectives and aim. For executing this research, the aims and
objectives of the research is discussed below-
Research Aim-

To analyse the advantages of the strategies relating to talent management so that the
employees can be attracted and retained in the workplace. It is a study on Sainsbury.
Research Objectives-
To identify the benefits of talent management in the organisation.
To ascertain different strategies to overcome the challenge of talent management which is
prevailing the organisation.
To examine different issues of talent management which the company is facing.
Research Questions-
What are the benefits of talent management in the organisation ?
What are different kinds of strategies which Sainsbury can use in order to overcome the
problem of talent-management ?
What are the issues which the company is facing in terms of retaining and attracting the
staff within the organisation ?
Literature review
According to Staff writer (2019), talent management can be defined as a method which is
organised and is a strategic process which helps in getting the right person and develop their
abilities in order to meet the organisational goals. (HR Technologist, 2019)
According to Mona Mumtazian (2020), talent management strategies are important as it
helps in attracting the top talent and increase the performance of the employees. It builds
employee engagement and results in high satisfaction. (Career360, 2020).
According to Neil Kokemuller (2019), talent management strategies involves many
challenges which may result in high cost in implementing the strategies and may also result in
work conflicts. (AZ Central, 2018)
Project management plan
It is a document that is formal in nature which involves description of the project as to
how it must be carried out. It normally provides the targets, scope, timeline, budget and other
components in order to keep the project on the track (Walters and Helman, 2020). It helps in
communicating the details and information in respect to the project to the concerned authorities.
In relation to the research on talent management strategies in Sainsbury, there are many
components involves in this plan which is discussed below-

Cost- It is the sum which shall be used by the researcher for completing the research
successfully. In order to successfully complete the task, the researcher is required with a certain
amount of cash which is like a budget for carrying on the entire research. For this task, the
researcher shall be required with a cost of £895. This cost will help in completing the task on
time and with sufficient funds.
Total forecasted budget
Particular 2019- 20 (£)
Technology cost 550
Expense for promotion 70
Expense for Advertisement 180
Catalogues 20
Training 75
Total cost 895
Time- It is the time lot within which the work is to be completed by the researcher
(Burger-Helmchen, and et. al., 2020). In order to successfully achieve the objectives and aims of
the researcher, the researcher shall require the time of 10 weeks which shall begin from 12
October 2020 and end on 20 December 2020. This time is sufficiently allotted to each activity so
that research can be done successfully and aims can be achieved effectively.
Quality- The information and the data which is collected by the researcher must be of
certain quality and fulfil the quality aspects. In order to complete the research with accurate
results, the researcher shall use the data and information which is to be collected by primary and
secondary research so that it can bring quality data for its analysis. This will bring reliable
recommendation from the researcher which can be used by the company in order to overcome
the problem.
Communication- The means through which information and data will be collected by the
researcher is effective communication. The channels which can be used by the researcher shall
include emails, telephonic conversations, verbal face to face communication and many other.

Scope- This research has a wide scope as it will help in giving support to the company in
order to overcome the problem of talent strategy. This research will help the investigator in
bringing the best strategy for the organisation which is suitable for its successful management of
the workforce. Additionally, it will help in performance management and increasing the
efficiency of the worker.
Risk- There is certain risk which are involved in starting up anything. Likewise, this
research also has certain risk which includes fear of researcher to complete the task on time, risk
of collecting the reliable data, privacy concerns and many other.
Resources- It involves requisite resources with the help of which the researcher shall
complete its research. The investigator shall require resources which includes human resource,
assets of the company, finance and many more.
Work breakdown structure and a Gantt Chart to provide time frames and stages for completion.
Gantt Chart
It is a tool which is graphical in nature that helps in showing the task and activities of
project which shall be performed against the allotted time. It is one of the visual representation of
project which breaks the project and show them on the chart so that it becomes easy and
understandable.
It is an important and popular tool for the project management which helps in planning
and programming the project of different sizes. Under this, the timeline of project and the task is
converted into a horizontal bar chart which shows beginning and end dates together with the task
which is completed at each of the stage with the name of the task owner (Zhao, 2019). It builds
relationship and dependency between various activities so that the progress of the project is easy
to understand. In context to the present research, the Gantt chart is mentioned below-

Work breakdown structure
It helps in breaking the whole task into smaller deliverables so that it can become
manageable for the person to complete the whole of the task. Each deliverable is assigned
requisite time and budget in such manner that whole budget and time of entire project id divided
among small deliverables (Lian and Jia, 2016).
It is developed in order to establish the understanding of the scope of the project. It is a
ranked description of entire task which must be done to complete the entire deliverables. The
work breakdown structure in context to the current research which shall be done by the
investigator is given below-
TASK 2
Apply primary and secondary methods which are appropriate for meeting the project aims and
objectives.
Research methodology may be defined to as the particular technique or procedure that is
used to identify, select, process and analyse the information about the topic. For conducting a
research, the methodology gives the research a reliability and validity (Al Saglab and et. al.,
2020). For conducting this research, the researcher shall use quantitative and qualitative research
for its primary and secondary data collection.
Qualitative research- This involves collection and analysation of the non quantitative
data so that there is clear perceptive of the concept, opinion and experience. This research helps
in gathering the information which is required for obtaining the in depth insight of the problem

so that new ideas can be generated (Lauer, 2021). The researcher may interpret the qualitative
data from Ms Excel tool. The researcher shall use the qualitative research in this project by both
primary and secondary data collection.
Quantitative research- It is a process that includes collecting and analysing of the
numerical data which can be used in order to find the average and patterns. It also helps in
making the predictions and generalise the results to the wider population. This research helps in
quantifying the problem by generating numerical data or any qualitative data which can be
transformed to the statistics (Ameyaw and et. al., 2017). The researcher may have the options of
bringing its findings into charts, figures or diagrams. The researcher shall use the quantitative
research in this project with the help of both primary and secondary data collection.
Data collection- It is the process which involves gathering or collecting the data on the
targetted variables in a systematic manner. It helps in sanctioning the research questions and
evaluate the result in an appropriate manner (To, Au and Kan, 2019). The researcher shall have
the option of survey, telephone or online method for collecting the data by primary and
secondary tool, The two methods of data collection which shall be used by the researcher are
discussed below- Primary data tool- It refers to that kind of data which is collected directly form the
source without getting involved with other existing sources. It is the original data which
is collected by the researcher first hand in order to accomplish the research aims and
objectives. It is time consuming and quite an expensive method (Larsson, Eriksson and
Pesämaa, 2018). In context to this project, the researcher shall collect the data from this
tool with the use of Questionnaire.
 Secondary data tool- It refers to that data which is already collected by other person. It is
the use of existing data which helps in increasing the effectiveness of the research.
Common secondary data tool includes books and journals, articles and many other
(Dillon and et. al., 2020). In relation to this project, investigator shall use this data tool
for achieving the aims and objectives of the research.
Sampling- It is a process which is used to statistically analyse the pre-determined
observations which are taken from the large population. (Klun and Trkman, 2018). In context to
this project, the researcher shall have 10 respondents from the whole population who are the
employees of Sainsbury.

QUESTIONNAIRE
Name-
Gender-
Age-
Q1) What is the understanding of the concept of talent management ?
a) Yes
b) No
Q2) In your opinion, what are the benefits of talent management ?
a) Holding top employees
b) Improving the relationship of employer employee
c) Development of Employee
Q3) According to you, how talent management strategies impact the productivity of an
organisation ?
a) Negative impact
b) Positive impact
Q4) Do the talent management strategies helps in retaining and attracting the high quality
workforce ?
a) Yes
b) No
Q5) What are the different strategies which the company can use to improve their talent
management ?
a) Training and development in continuous manner
b) Coaching and mentoring
c) Rewards management
d) Culture fit
Q6) What are the issues which Sainsbury is facing in relation to talent management ?
a) employee turnover have increased
b) Lack of leadership
c) Tightening talent market
Q7) In what ways, Sainsbury can improve its strategies on talent-management ?
a) Prioritising goals

b) Creating working environment which is positive and healthy
c) Consider career development offering
Q8) What is the role of Human Resource unit in talent management ?
Q9) How Sainsbury can get benefit from implementing the talent management strategies
within its organisation ?
Q10) Recommend the ways in which the company can attract high potential employees ?
TASK 3
Present findings and data using appropriate tools and techniques.
THEME 1: Concept of talent management
Q1) Do you understand the concept of talent management ? Frequency
a) Yes 7
b) No 3
7
3
a) Yes
b) No

Interpretation- After evaluating the data, it is interpreted that out of 10 respondents, 7
respondents have knowledge regarding the importance of talent management and 3 respondents
do not understand this concept.
THEME 2 : Benefits of talent management
Q2) In your opinion, what are the benefits of talent management ? Frequency
a) Holding top employees 3
b) Improving the relationship of employer employee 4
c) Development of Employee 3
Interpretation- After analysing the data, it is interpreted that out of 10 respondents, 3- 3
respondents believe that employment development and retain top employees are benefits of
managing talent whereas 4 believe that it improves employer employee relationship.
THEME 3: How talent management strategies impact the productivity of the organisation
Q3) According to you, how talent management strategies impact the
productivity of the organisation ?
Frequency
a) Negative impact 2
b) Positive impact 8
3
4
3
a) Retain top employees
b) Improve employer
employee relationship
c) Employee
Development

Interpretation- After evaluating the data, it is interpreted that 8 out of 10 respondents believe
that talent-management strategies have positive impact while others belive that it has negative
impact.
THEME 4: Do the talent management strategies helps in retaining and attracting the high
quality workforce
Q4) Do the talent management strategies helps in retaining and attracting
the high quality workforce ?
Frequency
a) Yes 7
b) No 3
2
8
a) Negative impact
b) Positive impact
7
3
a) Yes
b) No

Interpretation- After analysing the data, it is interpreted that out of 10 respondents, 7
respondents are in favour of talent-management strategies while only 3 disfavour the talent-
management strategies.
THEME 5: Different strategies which the company can use to improve their talent management
Q5) What are the different strategies which the company can use to
improve their talent management ?
Frequency
a) Training and development in continuous manner 3
b) Coaching and mentoring 3
c) Rewards management 3
d) Culture fit 1
Interpretation- After evaluating the data, it is interpreted that out of 10 respondents, only 1
respondent believe that cultural fit is best strategy which company can use for talent-
management while each 3 respondents favour for continuous training and development,
mentoring and coaching and rewards and recognition as talent-management strategies.
THEME 6 : Issues which Sainsbury is facing in relation to talent management
Q6) What are the issues which Sainsbury is facing in relation to talent Frequency
3
3
3
1
a) Continuous training and
development
b) Mentoring and staff
coaching
c) Rewards and recognition
d) Candidate Cultural fit

management ?
a) Increased employee turnover 3
b) Lack of leadership 5
c) Tightening talent market 2
Interpretation- After analysing the data, it is interpreted that 5 out of 10 respondents believe
that there is lack of leadership in the company while 3 believe that there is employee turnover
and 2 believe that tightening talent market is major issues in respect of talent-management.
THEME 7 : Sainsbury can improve its strategies on talent-management.
Q7) In what ways, Sainsbury can improve its strategies on talent-
management ?
Frequency
a) Prioritising goals 2
b) Creating working environment which is positive and healthy 6
c) Consider career development offering 2
3
5
2
a) Increased employee
turnover
b) Lack of leadership
c) Tightening talent
market

Interpretation- It is interpreted after evaluating the data that out of 10 respondents, 6 believe
that creating healthy working environment can improve the strategy of talent-management while
2 each respondents believe that prioritising goals and career development offering can improve
these strategies.
Qualitative findings-
Q8) What is the role of Human Resource unit in talent management ?
From the information gathered by the 10 respondents, it is evaluated that the main role of
HR in context to talent management is that it must motivate the workforce time to time in order
to bring out their talent effectively.
Q9) How Sainsbury can get benefit from implementing the talent management strategies
within its organisation ?
From the information gathered by the 10 respondents, it is analysed that Sainsbury can
get benefit of retaining top talent and employee development from implementing the talent
management strategies.
Q10) Recommend the ways in which the company can attract high potential employees ?
From the above findings, it is evaluated that Sainsbury can attract employees by
continuous appreciation and appraisals so that they can feel motivated and their morale can be
increased. For attracting high potential employees, it is suggested that company must bring such
effective policies which work in favor of the company.
2
6
2
a) Prioritising goals
b) Creating healthy
working environment
c) Consider career
development offering

Recommendations
After analysis of the project, it is evaluated from the information collected that talent
management is the major issue in the organization which is affecting the productivity of the
companies. So it is essential for Sainsbury to choose relevant strategy of the talent-management
in order to attract its high quality employees. After analyzing the whole scenario, it is
recommended that -
 The organization must work on making the effective policies for the employees so that it
can motivate the workforce to retain them.
 The company must work on continuous training and development in the organization so
that the employees have improved performance which can result in high productivity.
 There must be effective communication channel in the company so that employee
engagement can be promoted and workforce can easily share their issues and concerns in
order to become organizational fit.
TASK 4
Reflection
After successfully completing the research project, I feel glad and happy that I got this
chance to enhance my learnings and knowledge. While undergoing this research, I felt that I
have used my communication skills which assisted me in data collection so that I can draw
accurate and relevant findings. I have successful achieved the aims of the research by collecting
the information and data from the primary and secondary research. While collecting the data,
there was few challenges which came in between which includes hesitation from the employee's
side as they were unable to share their concerns. But through my convincing power I was able to
make them comfort so that they can freely express their opinions and experience. This project
research helped me in learning the problem solving skills and enhanced my decision making as I
was able to use them to draw my findings. I got the opportunity to identify that my
communication skills worked as my strength in successfully completing my project. These skills
which I utilised and enhanced during this project have contributed in my professional
development and will further add to my personality.

Performance Review
What was the project supposed to accomplish?
The research project is undertaken to identify the advantages of the strategies of the talent
management so that business can be expanded at global level.
Did the project succeed in its aims? How do you know? Specifically, please outline any
evaluation and assessment undertaken.
Yes I was able to complete my work on time. I evaluated this by my work breakdown structure
where I broke the activities into time slots which showed my completion of research project on
time.
What things do you think worked well and why? Evaluate all aspects of the project (e.g.
initial
the things which worked well were inception, project activities and project outcomes from a
range of perspectives.
Team sprite and the group working are the best things which gave me the positive results.
What problems emerged during the project and how were they tackled? Was there timely
identification of issues and resolution during the project process?
while performing research, conflict among team and Time mismanagement were my major
issues.
What did you learn from undertaking the project?
I learned the importance and benefits of talent management for the organisation and how it
helps in business growth and success.
How would you rate your performance as project manager?
I will rate my performance 9 out of 10.
What strengths and weaknesses of your performance did you identify?
My strength is futuristic approach for solving the problem and weakness is lack of self
confidence and time mismanagement.
How will this inform and support your continuous professional development?

Continuous professional development is helpful in future activities and also in attaining the
targets.

CONCLUSION
It is summarised from the above report that talent management is a process that requires
attracting and retaining the quality employees in the organisation. Project management plan is a
document which helps in stating the detailed information regarding the project so that
communication of information can be done effectively. Its main components include cost,
resources, risk, scope, time and quality. Further it is concluded that quantitative and qualitative
research has been used in order to complete this project which helped in drawing the relevant
findings. From the data collected, recommendations like training and development has been
suggested to the company in order to improve talent-management within the organisation as it is
very important to enhance to productivity of it.

REFERENCES
Books and Journals
Al Saglab and et. al., 2020. Managing Research & Development Portfolio at NASA.
In Innovation Management in the Intelligent World (pp. 139-148). Springer, Cham.
Ameyaw and et. al., 2017. A survey of critical success factors for attracting private sector
participation in water supply projects in developing countries. Journal of Facilities
Management.
Bottema, M.J., 2019. Institutionalizing area-level risk management: Limitations faced by the
private sector in aquaculture improvement projects. Aquaculture. 512. p.734310.
Burger-Helmchen, and et. al., 2020. From Open Design to Open Strategy: Managing the
Evolution of Crowdsourcing-Based Business Models.
Dillon and et. al., 2020, March. Unintended Side Effects in Complex Systems: Managing Project
Risks and Wildfires. In 2020 IEEE Aerospace Conference (pp. 1-8). IEEE.
Hobbs, B. and Petit, Y., 2017. Agile methods on large projects in large organizations. Project
Management Journal. 48(3). pp.3-19.
Klun, M. and Trkman, P., 2018. Business process management–at the crossroads. Business
Process Management Journal.
Larsson, J., Eriksson, P.E. and Pesämaa, O., 2018. The importance of hard project management
and team motivation for construction project performance. International Journal of
Managing Projects in Business.
Lauer, T., 2021. Success Factor Project Management: Managing Complexity Correctly.
In Change Management (pp. 185-201). Springer, Berlin, Heidelberg.
Marcus, A.A. and Hargrave, T.J., 2019. Managing business ethics: Making ethical decisions.
Sage Publications.
Olaniran, O.J., 2017. Barriers to tacit knowledge sharing in geographically dispersed project
teams in oil and gas projects. Project Management Journal .48(3). pp.41-57.
To, C.K., Au, J.S. and Kan, C.W., 2019. Uncovering business model innovation contexts: A
comparative analysis by fsQCA methods. Journal of Business Research. 101. pp.783-
796.
Valenca, G., Alves, C. and Jansen, S., 2018. Strategies for managing power relationships in
software ecosystems. Journal of Systems and Software. 144. pp.478-500.
Walters, D. and Helman, D., 2020. Managing the Business Model. In Strategic Capability
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Zhao, N., 2019. Managing interactive collaborative mega project supply chains under infectious
risks. International Journal of Production Economics. 218. pp.275-286.
Online
HR Technologist, 2019. [Online] Available through
</https://www.hrtechnologist.com/articles/performance-management-hcm/what-is-
talent-management/>
Career360, 2020. Online] Available through </https://expert360.com/resources/articles/talent-
management-important#2>
AZ Central, 2018. [Online] Available through </https://yourbusiness.azcentral.com/advantages-
disadvantages-human-resource-planning-25865.html>

APPENDICE
Project Logbook
Name:
Project title:
Update on weekly research/tasks achieved.
I have done this research for identifying the benefits of strategy relating to talent management in
order to support the organisation in expanding the business at international level.
Yes, I was able to complete the research timely.
Any risks and/or issues identified?
Yes I faced some issues in performing the activities of the research. Time barrier is my biggest
fear.
Problems encountered
Personal problems with team mates is also one of the issue which arises at the work place. I
planned and conducted many fun activities so that work stress can be reduced and harmony can
be made.
New ideas and change of project direction
What have I learnt about myself this week?
I have completed my all task within the specified time limit. This helped me to perform the
research project in an appropriate manner. I even planned research activities for the next week.
Tasks planned for next week
I am able to accomplished my dealings in an effective and signifiant manner.
Project plan status to date (on, ahead, behind)

my work is on time.
Supervisor comments to address