Unit 6 – Managing Successful Business Project

Managing Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Project Aim and Objectives.........................................................................................................1
Project Management Plan............................................................................................................3
Work Breakdown Structure and Gantt Chart...............................................................................5
TASK 2............................................................................................................................................8
Research Methods........................................................................................................................8
TASK 3............................................................................................................................................9
Presentation of the data and findings...........................................................................................9
Communication of the recommendations..................................................................................15
TASK 4..........................................................................................................................................16
Reflection...................................................................................................................................16
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19

INTRODUCTION
Talent Management refers to the management of talent in such a manner which can be
quite helpful in ensuring that the talented people are effectively and efficiently managed within
an organization (Adamsen, 2019). Therefore, it can be highly helpful in leading towards the
attainment of a wide range of goals and objectives. For the HR managers, it is therefore
important that they make the use of different types of strategies and methods which can help in
ensuring the best use of talent in a right way. HR department thus needs to focus at using the best
strategies and methods possible for the purpose of Talent Management. For this report,
Sainsbury's has been chosen. It is a British Company which focuses on providing a wide range of
goods and services to the people in the market. In this report, a detailed and specific focus will be
made on Establishment of Project Aims and Objectives, Conducting of Research, Presentation of
the Project. Additionally, specific analysis will be made on Reflection on the value gained from
the project as a part of this assignment.
TASK 1
Project Aim and Objectives
Topic- “Talent Strategies used by the companies for attracting and retaining people- A
case study on Sainsbury's”
Aim- To find out about the talent management strategies which can be used by the
companies for attracting and retaining people.
Objectives-
 To identify the scope for ensuring the use of talent management in the organization.
 To assess the impact created by the use of talent management strategies within the
organization.
 To find out the best way through which talent management strategies can be applied
within the organization.
Research Questions-
 What are the best talent management strategies which can be used within an
organization?
 What is the importance of making the use of talent management strategies within the
organizations?
1

 What is the role of HR department in the implementation of the talent management
strategies within an organization?
According to Karim Ansari, there are different types of Talent Management Strategies
which can be used by the HR departments in the organizations. These are Understanding the
power of job descriptions, Assessment of candidate cultural fit, Learning to become a coach,
Providing continuous training and development opportunities, Giving back to employees with
rewards and recognition and Cultivating an honest career path. Therefore, it is quite important
for the firms that they are able to use these strategies in a best way so that the goals and
objectives related to efficiency and productivity can be raised. Thus, it can be said that with the
use of these particular strategies the enhancement of the overall efficiency and effectiveness
level can be done. Therefore, In this way it can be said that the use of a wide range of Talent
Management Strategies can be made by Sainsbury's so that it is able to attain the goals and
objectives effectively and efficiently.
As per the views of Mona Momtazian, it can be said that there are various types of
reasons due to which the top companies must invest in talent management. It is quite essential
that the use of the best strategies can be made so that the organizations are able to attain the wide
range of goals and objectives related to HR policies in the future can be attained. It is important
for the HR department of the organizations to invest in it because this helps a lot in ensuring that
with a proper use of the talent the firms are able to effectively and efficiently ensure that the use
of the best possible techniques and approaches is done which will help in the management of
work in a proper manner. In Sainsbury's, the HR managers can make sure that they are able to
understand the importance of making the use of Talent Management Strategies so that the
attainment of the overall goals and objectives can be made.
According to HCM, there is a particular role which is played by HR in the Talent
Management within the organizations. It is important that the overall analysis of this particular
role can be made which will thus help in ensuring that the wide range of goals and objectives in
the short-term, medium-term and long-term can be made. Therefore it quite important for
boosting the overall productivity of the organizations.
2

Project Management Plan
Project Management Plan is a document which is used in order to identify the way a
project is going to perform in the future and the way in which the outlining of the scope, goals,
budget, timeline and deliverables of the project is done so that it can become successful in the
future (Ashif, 2019). For Sainsbury's, it is quite important that the use of this plan can be made
which will help in ensuring that the Project can become successful in a right way.
The various components of the Project Management Plan of Sainsbury's are as follows-
Scope Statement- The scope of Sainsbury's Talent Management Project is wide because
it will not just cover one department but will cover the entire company (Babynina, Kartashova
and Pilipenko, 2020). Therefore, In this way it can be said that the attraction of talented people
within the organization can be done. Thus, it can be said that the project of the organization has a
wide scope and therefore will be able to cover the entire organization.
Critical Success Factors- The Critical Success Factors which are associated with the
project of Sainsbury's are as follows-
 Involvement of the employees is an important factor which is associated with the success
of the project because it is quite essential so that the employees are able to attain their
particular goals and objectives in the future.
 The role of the HR department is quite important here because it has to identify the ways
through which it can ensure the attainment of the higher-level of goals and objectives.
Deliverables- The Deliverables which are associated with the project are as follows-
 Increase in the motivation level of the employees so that they are able to perform to the
best of their skills and abilities.
 Increase in the overall efficiency and effectiveness level of the workers thereby
motivating them to identify the way in which they can attain their particular goals and
objectives in the future.
 Regular checking of the level of performance of the employees.
 Provision of regular training to be provided to the workers so that they can concentrate on
their work.
Work Breakdown Structure- It is a detailed structure through which the division of a
wide range of tasks can be carried out which ensures that the use of appropriate methods and
3

techniques can be made so that the tasks can be completed well within the stipulated period of
time. Therefore, it is quite important for the management of Sainsbury's that it is able to create a
detailed WBS which will help a lot in achieving a higher-level of efficiency and effectiveness.
Schedule- It refers to the detailed schedule according to which a project has to be
initiated so that the Project is able to meet out the goals and objectives in the future in the right
manner (Harris, 2018). For this purpose, the use of a detailed Gantt Chart has to be made. It can
be helpful so that the project can be scheduled in such a manner so that it can meet the standards
which have been set for it.
Budget- It refers to the budget which has to be prepared so that the project is able to meet
out its needs and requirements. The budget of Sainsbury's is as follows-
Particulars Amount(In Pounds)
Admin Exp. 100000
Project Exp. 50000
Management Exp. 10000
Controlling and Monitoring Exp. 15000
Other Exp. 25000
Total 200000
Quality- The quality of the project has to be kept on a higher side so that the project is
able to attain its particular aim and objectives in a right way in the future effectively and
efficiently (Bobhate, 2020). In Sainsbury's, the regular assessment of the quality of the project
will be made so that the project is able to meet out its desired outcomes properly in a right
manner in the future.
Human Resources Plan- The Human Resources of the organization have to be managed
in a right way so that the assessment of their performance level can be made quite regularly and
therefore their wide range of needs and requirements can be fulfilled (Burrell and et.al., 2020). In
the chosen organization, it will be done through the preparation of a Human Resources Plan so
that the future goals and objectives can be attained.
4

Stakeholder list- In the organization, it is essential that a detailed stakeholder list can be
prepared which will be helpful in ensuring that the stakeholders are given appropriate importance
in the various types of decisions which are related with the project (Cocuľová, 2020). The
stakeholders of the organization which are important to be considered are as follows-
 Employees- The employees of Sainsbury's are important stakeholders which are required
to be considered because the project will be initiated for them only and thus their
involvement is quite essential for ensuring the success of the project.
 HR Managers- The HR Managers in Sainsbury's are also important stakeholders because
appropriate consideration has to be provided to their opinion which will help a lot in
ensuring that the HR goals and objectives can be attained in the future.
Communication- The communication related with the project will be done with the stakeholders
by ensuring that a set pattern for this purpose can be followed which will help in ensuring that
the required communication goals and objectives can be met out in the right way (Jimoh, Kee
and Odebunmi, 2020).
Risk Register- The level of risk associated with the project is quite high and therefore in this
way it is important for the management of the organization that it takes all the necessary steps
which are essential so that the overall management of the project can be carried out in an
appropriate way (Kadiri, Isiaka and Jimoh, 2018).
Procurement Plan- The Procurement Plan related with the project has to be created so that all
the essential resources which are associated with the project can be procured and therefore this
will be quite helpful in ensuring that the appropriate steps related with the project completion are
undertaken (Karanja, Namusonge and Kireru, 2018).
Work Breakdown Structure and Gantt Chart
Work Breakdown Structure- A WBS refers to a flowchart according to which a
detailed break-up of the tasks can be carried out in an appropriate way so that the detailed goals
and objectives which are related with the project can be achieved (Liu, 2019). In the context of
Sainsbury's, it is essential so that the detailed goals and objectives related with the project of
Talent Management can be attained.
5

Gantt Chart- A Gantt Chart means a schedule which is prepared so that all the activities
which are associated with the project can be carried out in an appropriate way. In Sainsbury's,
this can help in attaining goals and objectives in a right way in the future. Thus, In this way this
will be quite helpful in ensuring that the project can be successful in the future.
6

7

TASK 2
Research Methods
The use of a wide range of research methods can be made so that the research can be
carried out effectively and efficiently (Maben and Uchil, 2019). The use of the following
methods has to be made so that the organization is able to ensure that the appropriate conclusions
and recommendations can be drawn from conducting the research-
Primary Research- In this method, the collection of the data can be done by directly
contacting the various types of respondents and recording their views (Lyria, Namusonge and
Karanja, 2017). This will be quite helpful in ensuring that the respondents are able to ensure that
by providing their views they form a base through which the different types of conclusions and
recommendations can be drawn. Methods like Survey, Questionnaire, Interview, Observation
etc. can be used here.
Secondary Research- In this method, the collection of the data can be done by
identification of the articles, journals etc. in which the existing information is available which
can be used in order to derive the appropriate conclusions and recommendations. Therefore, the
management of Sainsbury's can make sure that their use can be made so that the given
information is analysed and interpreted appropriately which will be helpful in the taking of short-
term, medium-term and long-term decisions.
Therefore, the managers of Sainsbury's will make the use of Primary Research in order to
be able to ensure that the data can be gathered by directly contacting the various types of
respondents. This will be helpful so that the decisions are taken according to the needs and
requirements of the situation.
8

TASK 3
Presentation of the data and findings
The data and findings can be properly analysed by ensuring that the use of graphical
representation method is made (Rezaei and Beyerlein, 2018). Therefore, In this way with a
proper use of the different types of graphs can be made so that the analysis and interpretation can
be done effectively and efficiently. Thus, the management of Sainsbury's has to make sure that
the presentation of the data and findings can be done as follows-
Question 1- Should the HR department of Sainsbury's take initiative for implementing
the Talent Management strategies?
Answer-
Yes- 80 respondents
No- 20 respondents
9
1 2
0
10
20
30
40
50
60
70
80
90
Column A

Interpretation- As per the above graph, 80 respondents are of the opinion that the HR
department of Sainsbury's has to take up initiative for the implementation of Talent Management
Strategies. 20 respondents are of the opinion that the HR department of Sainsbury's does not
needs to take initiative for the implementation of Talent Management Strategies.
Question 2- Will the use of Talent Management strategies help in increasing the
efficiency and effectiveness of the employees?
Answer-
Yes- 75 respondents
No- 25 respondents
10

Interpretation- According to the above graph, 75 respondents are of the opinion that the
use of Talent Management Strategies can help in increasing the efficiency and effectiveness level
of the employees. 25 respondents are of the opinion that the use of Talent Management
Strategies cannot help in increasing the efficiency and effectiveness level of the employees.
11
1 2
0
10
20
30
40
50
60
70
80
Column A

Question 3- Is Talent Management helpful in ensuring that the overall goals and
objectives can be attained?
Answer-
Yes- 85 respondents
No- 15 respondents
12
1 2
0
10
20
30
40
50
60
70
80
90
Column A

Interpretation- According to the graph, 85 respondents are of the opinion that the use of
Talent Management is helpful in the attainment of the goals and objectives. 15 respondents are of
the opinion that the use of Talent Management is not helpful in attaining the goals and
objectives.
Question 4- Is Talent Management required in the implementation of the long-term
strategies of the organization?
Answer-
Yes- 90 respondents
No- 10 respondents
13

Interpretation- As per the above graph, 90 respondents are of the opinion that Talent
Management is required for the implementation of the long-term strategies of the organization.
10 respondents are of the opinion that the use of Talent Management is not essential for the
implementation of the long-term strategies.
14
1 2
0
10
20
30
40
50
60
70
80
90
100
Column A

Question 5- Should Talent Management Strategies and Techniques be applied in all the
departments of the organization?
Answer-
Yes- 95 respondents
No- 5 respondents
Interpretation- According to the given graph, 95 respondents are of the opinion that the
use of Talent Management Strategies and Techniques can be applied in all the departments of the
organization. 5 respondents are of the opinion that the use of Talent Management Strategies and
Techniques is not essential in the departments of the organization.
Communication of the recommendations
The recommendations can be derived using the appropriate analysis and interpretation
techniques in the organizations (Sharma and Bhatnagar, 2017). This will help in ensuring that the
management is able to take the right decisions for the future. The recommendations for the
managers of Sainsbury's are as follows-
 It is recommended to the managers of Sainsbury's that they must take actions for the
purpose of ensuring that the best talent management strategies can be implemented in a
right manner within the company (Shayanipour, Imani and Karimzadeh, 2017).
15
1 2
0
10
20
30
40
50
60
70
80
90
100
Column A

 The recommendations for the managers of Sainsbury's is that they should consult
regularly with the employees of the company which will help them in formulating the
different opinions effectively and efficiently. This will lead towards the taking of various
types of decisions in a proper manner.
 The recommendations for the management of Sainsbury's is that by appropriately
identifying the goals and objectives to be attained in the future they can initiate the
necessary actions which will be thus helpful in ensuring that the deriving of the
conclusions and recommendations can be done.
 It is recommended to the HR managers of Sainsbury's that they must be able to identify
the various types of problems and issues which their employees are facing in Talent
Management so that the necessary actions can be taken for the purpose of solving these
problems and issues.
 The recommendations for the HR department of Sainsbury's is that the regular
performance assessment of the employees must be done after they have been given
certain sessions on Talent Management. This will lead towards ensuring that the
company is able to effectively and efficiently manage the performance level of its
employees and take the necessary actions for improving the same.
TASK 4
Reflection
I am an employee working in the Professional Development Team of Sainsbury's. I was
given a task by my Line Manager to identify the scope for implementation of Talent
Management Strategies in the organization by conducting a research within the company so that
the conclusions and recommendations could be drawn (Vnoučková, Urbancova and Smolova,
2018).
Despite working with Sainsbury's for so many years, I had a very little experience in the
filed of conducting of the research. I had not conducted any kind of research earlier and therefore
I had a very little experience in this field. Therefore, I faced many problems at the starting of the
project. I had to therefore identify the ways through which a solution to these problems could be
found out. I contacted my seniors in the organization who had conducted such a project before
and took their opinion regarding finding a solution to these problems.
16

Thus, I found out that by taking certain steps a person can make sure that the attainment
of the overall goals and objectives in the future can be done. I had to face problems in making
the use of a Questionnaire as the employees of the organization were initially very reluctant in
answering the questions which were provided in it. My Line Manager suggested me to use it
because by making its use the wide range of questions can be asked to the people and in this way
answers to these questions can be recorded for carrying out analysis and interpretation in detail
(Wamwangi and Kagiri, 2018).
Thus, I found out that my overall performance was quite satisfactory in the terms of
attainment of the goals and objectives related to the project. I can say that my Line Manager gave
me the right suggestions and by implementing these suggestions I was able to carry out my
project in a proper manner. Thus, In this way I can say that through the use of the different types
of suggestions I was able to find out my different type of mistakes and use the wide range of
methods and techniques so that the rectifications were carried out.
Therefore, I can say that it is quite important that the decisions are taken by consulting
with the seniors in the organization which helps in ensuring that the accuracy and reliability of
these particular decisions can be quite high. In the future, If I am given such a project to work on
I will make sure that I take the appropriate approach which will help in ensuring that the
decisions are accurate and reliable which will form a base for successfully completing the project
and formulating of the opinion in the right manner so that the overall level of efficiency and
effectiveness can be raised.
17

CONCLUSION
From the above report, it can be concluded that Talent Management refers to the use of
specific methods and techniques through which the management of the talented people within
the organization can be done. It helps the HR department in taking steps which can be helpful in
leading towards the attainment of the short-term, medium-term and long-term goals and
objectives in the future. Further, it is essential that for the better management of the talented
people within the firms the steps which are important are undertaken leading towards the taking
of appropriate decisions. For successfully carrying out a Business Project, there are certain steps
which are required to be undertaken. Therefore, this can be helpful in ensuring that the
successful execution of the Business Project can be done when the use of conclusions and
recommendations is done in a right manner.
18

REFERENCES
Books and Journals:
Adamsen, B., 2019. The semantic emptiness of talent and the accidental ontology of talent
management. In Managing Talent (pp. 21-33). Palgrave Macmillan, Cham.
Ashif, A. S. M., 2019. Talent Management as a Source of Competitive Advantages: A Review.
International Journal of Business and Social Research. 9(4). pp.28-34.
Babynina, L. S., Kartashova, L. V. and Pilipenko, P. P., 2020, April. Theoretical Investigation in
Talent Management. In International Online Forum named after A. Ya. Kibanov"
Innovative Personnel Management” (pp. 404-411). Springer, Cham.
Bobhate, S., 2020. A Study of Talent Management Practices and Strategies in the Service Sector.
Available at SSRN 3711249.
Burrell, D. N. and et.al., 2020. Perspectives in Talent Management Strategies for Cybersecurity
Job Roles in Public Safety and Health in Government Organizations. International
Journal of Smart Education and Urban Society (IJSEUS). 11(4). pp.1-17.
Cocuľová, J., 2020. Analysis of Selected Talent Management Practices in Terms of their Impact
on Keeping Talented Employees in Slovak Companies. Quality-Access to Success.
21(178).
Harris, W. M., 2018. Talent Management that Results in Successful, Diverse Organizational
Leadership: A Qualitative Inquiry (Doctoral dissertation, Capella University).
Jimoh, A. L., Kee, D. M. H. and Odebunmi, A. T., 2020. Does Talent Management Practices
Impact Service Quality in Nigeria?. Journal of Southwest Jiaotong University. 55(5).
Kadiri, I. B., Isiaka, S. B. and Jimoh, A. L., 2018. Relationship between Talent Management and
Labour Turnover in Nigerian Banking Sector. KIU Journal of Humanities. 2(2 (A)).
pp.155-162.
Karanja, K., Namusonge, G. S. and Kireru, C., 2018. Role of talent acquisition processes on
competitive advantage of telecommunication firms in Nairobi City County, Kenya.
IJASSH.
Liu, Y., 2019. Introduction: International talent management research–a multidisciplinary and
interdisciplinary approach. In Research Handbook of International Talent Management.
Edward Elgar Publishing.
Lyria, R. K., Namusonge, G. S. and Karanja, K., 2017. The effect of talent retention on
organizational performance of firms listed in the Nairobi Securities Exchange. Journal
of Human Resource and Leadership. 1(3). pp.56-68.
Maben, A. S. and Uchil, R., 2019. Talent management strategies and customer delight: A
conceptual study. Indian Journal of Marketing. 49(3). pp.63-71.
Rezaei, F. and Beyerlein, M., 2018. Talent development: A systematic literature review of
empirical studies. European Journal of Training and Development.
Sharma, A. and Bhatnagar, J., 2017. Talent analytics: A strategic tool for talent management
outcomes. Indian Journal of Industrial Relations. 52(3). pp.515-527.
Shayanipour, Z., Imani, M. N. and Karimzadeh, S., 2017. An Appropriate Model for Talent
Management Based On Emotional, Organizational and Cultural Intelligences. Iranian
journal of educational sociology. 1(5). pp.66-77.
Vnoučková, L., Urbancova, H. and Smolova, H., 2018. Building employer image thanks to talent
programmes in Czech organisations. Engineering Economics. 29(3). pp.319-331.
19

Wamwangi, F. M. and Kagiri, A., 2018. Role of talent management programmes on employee
performance in professional consultancy services firms in Kenya. European Journal of
Business and Strategic Management. 3(3). pp.56-73.
Online
6 Simple Talent Management Strategies. 2021. [Online]. Available through:
<https://theundercoverrecruiter.com/talent-management-strategy/>
What is Talent Management and Why is it Important?. 2020. [Online]. Available through:
<https://expert360.com/resources/articles/talent-management-important>
The Role of HR in Talent Management. 2015. [Online]. Available through:
<https://www.paychex.com/articles/hcm/role-of-hr-in-talent-management>
20

Appendix-
Project Title: Talent Management
Week: Project Logbook
S. No. Activities Action
1 Update on last weeks’
work
In the last week, I carried out the different types of
adjustments which were required for the purpose of
managing the project in the right manner.
2 Problems encountered and
how did you handle that
I encountered many problems in the project because I
had never carried out such a research project earlier and
therefore I had to identify the right way for carrying out
this particular project.
3 Tasks for this week: In this week, I have a task of reporting the findings to
my Line Manager so that he is able to take the right
action regarding the attainment of the goals and
objectives related to Talent Management.
4 Any risks and/or issues
identified?
There are various types of issues which I faced while
completing this project like Issue of gathering the data,
Issue related to Analysis and Interpretation etc.
5 Tasks planned for next
weeks
For the next week, there are various types of tasks
which have been planned. The tasks which have to be
attained in the future have to be determined and
therefore the necessary actions have to be taken
accordingly.
6 Project plan status to date
(on, ahead, behind)
Ahead
21

7 Remarks By Lecturer if
any
8 Name & Signature
(Student):
Name & Signature (Lecturer):
22