Unit 6 - Managing a Successful Business Project

Unit 6 - Managing a
Successful Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1..................................................................................................................................................1
P1 Aim and objectives................................................................................................................1
Literature Review.............................................................................................................................2
P2 Project Management Plan......................................................................................................3
P3 WBS and Gantt chart ...........................................................................................................4
LO2..................................................................................................................................................6
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives...........................................................................................6
LO3..................................................................................................................................................8
P5 Data Interpretation.................................................................................................................8
P6 Recommendations ...............................................................................................................11
LO4................................................................................................................................................11
P7 Reflection ............................................................................................................................11
CONCLUSION .............................................................................................................................12

Title: Talent management in an organisation.
INTRODUCTION
Talent management is defined as a practice in which organisation undertake methodical
organized process to manage talent within an organisation in a strategical and systematic manner.
Main aim behind this to hire talented candidates and retain experienced employees for long term
sustainability growth and more competitive advancements (ALPARSLAN and SANER, 2020).
Talent management acts as an essential aspect for all the organisations irrespective of its size and
scope in order to ensure more competitive advancements compared to other rivals in respective
industry.
Present report is being made on TESCO, a leading multinational organisation operating
its business services in retail industry. In this report formative discussions has been made on
project aim, objectives along with project management plan, reflection and recommendations.
LO1
P1 Aim and objectives
Research Aim:
“ To study the importance of talent management strategies in success of an
organisation”. A case study of TESCO.
Research Objectives:
To determine the concept of talent management.
To evaluate different challenges that an organisation can face in talent management.
To examine strategies through which Primark can conduct talent management effectively.
Research Questions:
What is the concept of talent management?
What are the different challenges that an organisation can face in talent management?
What are the different strategies through which Primark can conduct talent management
effectively?
1

Literature Review
Concept of talent management
According to the view point of Liu, Qingqing and Liu, 2020, talent management is
termed as a process in which an organisation attract employees in a systematic and attractive
manner in order to retain highly skilled, talented and potential employees for long period of time.
This process allows entity to ensure continuous growth along with more competitive
advancements comparatively to other competitors in respective industry. Talent management
proves to be an effective process through which entity can successfully drive creative thinking,
innovation and productivity in organisation workplace structure through which entity can assure
more growth and development. Thus, according to the above mentioned analysis it has been
evaluated that talent management is one of the most important process that allows an
organisation to ensure various types of benefits in terms of higher profitability, long term growth,
maximised profitability, more competitive advancements and more
Different challenges that an organisation can face in talent management
As per the perception of Ibrahim and AlOmari, 2020 it has been evaluated that an entity
can face different forms of challenges in the process of talent management that can lower down
its end result. This has been underlined that major challenge which is affecting talent
management of an organisation is development of culture of engagement. This challenge states
that an entity can find issues or challenges in building cooperation and trust between employees
and senior management. Furthermore, it has been evaluated that organisation can also face
challenges in terms of offering effective form of training and development courses to employees
that can affect entity operations of talent management. Thus, according to the above mentioned
analysis it has been evaluated that these are some of the certain challenges that can affect talent
management process of an entity that can further lead entity towards decrease in performance
level of both organisation and employees, reduction in rate of competitive value, lower
productivity and more.
Different strategies through which Primark can conduct talent management effectively
As per the view point of Wassell and Bouchard, 2020 it has been determined that talent
management in one of the most important process that will lead an organisation to ensure long
term sustainability, higher growth, more profitability and more. However, entity can face
different types of challenges that can have negative impact upon company talent management
2

process. In order to overcome these challenges there are some certain form of strategies that can
be undertaken by organisation in order to increase effectiveness of their talent management
process. In terms with TESCO it has been evaluated that company by treating employees as a
valuable asset can manage human resources in an effective manner. This will significantly
increase sense of belongingness among employees towards company that will encourage them to
perform their task with more hard work and in effective manner. In addition to this, it has been
underlined that entity by offering proper training and development courses to employees can also
make them adaptive towards changes by increasing their skills and potential in efficient manner.
Furthermore, company can also undertake advantage of strategies related to providing attracting
rewards and compensation to employees through which they can be provided with higher job
satisfaction.
P2 Project Management Plan
Project management plan is termed as a systematic document that include various
elements by emphasising upon project deliverables, objectives, budget and timeline. This plan
with facilitate researcher to conduct research in more effective manner.
Cost :- This is an estimated cost that are required to be invested in project as to
accomplish all project activities in an effective manner (Mohammed, Baig and Gururajan, 2020).
In order to conduct present project estimated cost of £1500 is required.
Scope :- It involves factors that are basically related to project tasks, deliverables, costs
and deliverables. It has been evaluated that this project is made upon the theme of talent
management which is having wide scope for company growth and development.
Quality :- This factor plays most important roles, in order to duly maintain present
project quality researcher will make sure that project will get accomplished with higher quality
standards.
Communication:- Effective communication process will lead towards ensuring
accomplishment of project objectives in time effective manner. Researcher will take advantage
of email, telephone, social media and more to fulfil present project requirements.
Risk: It is a key element which is required to be effectively consider by researcher in
order to make sure that research will not get affected due to unnecessary elements. It is essential
for researcher to identify various risks such as availability of funds, informations form
authenticated sources and more in order to fulfil research objectives with higher efficiency.
3

Time:
Present research is conducted on the aim of importance of talent management in an
organisational workplace structure. In order to accomplish present research objectives, researcher
undertaken use of WBS as to fulfil all the objectives in time effective manner.
Resources:
In order to accomplish research aim and objectives researcher have undertaken use of
different sources to collect data in order to enhance effectiveness of research in a well define and
effective manner.
P3 WBS and Gantt chart
Work Break down structure:
WBS is a hierarchical structure that plays most important role in managing project
deliverables in a systematic manner in estimated time period (Altememi and Almashhadain,
2020). This approach will aid researcher to break down project activities into smaller
components and fulfil them in a well define and manageable manner. In addition to this, it has
been evaluated that with the help of WBS researcher can effectively perform their operations
while identifying potential risk on prior basis.
Gantt chart:
It is a systematic chart that involves series of horizontal line that depicts the amount of
work done in estimated time period. With the assistance of this structure researcher can facilitate
themselves to reduce the load of work and accomplish all the activities in an effective manner. It
4

is basically a graphical representation through which complex activities can be divided into
manageable tasks.
5

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LO2
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives
Primary research- It is a form of research approach in which research collect
informations and data from first sources on direct basis (Yogalakshmi and Supriya, 2020). In this
sources of informations include online surveys, observations, interviews and more that requires
more cost and time. It is characterized as those sources through which data is straightforwardly
gathered from the agent absolute first time which isn't yet been gathered by some other
individual previously. This is consider to be unique information and stay a lot of explicit to the
issue over which the examination is depend. Subsequently it give most precise information
which is thoroughly centers over the point of examination
Secondary research- In this research methodology information and data that has been
collected by researcher is from sources like articles, published reports, journals, books,
government publications and more that required less time and cost. Furthermore, it is termed as
as a data which is gathered by the some someone else past for leading their investigation which
is utilized by researcher to create understanding about momentum research subject.
To accomplish present research activities researcher will undertake advantage of both
primary and secondary sources of data collection.
Quantitative research- This research methodology is inclusive of those data which is
mainly stated in numerical and statistical form. In this research can take advantage of
observations, interviews or surveys.
Qualitative research- In this collected data is in the form of non-numerical manner which
is being collected for the purpose having proper understanding of opinions, experiences and
concepts (Mejri and Doghan, 2020). In this researcher can take advantage of literature review,
open ended questions and more.
As to accomplish present research objectives researcher will imply qualitative method in
order to evaluate customers attitude and preferences.
Sampling: It is characterized as the technique for choosing gathering of individuals for get-
together data in such a way that it speaks to entire populace. the testing cycle is principally done
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by either utilizing probability or non-probability inspecting as pee the state of examination. For
current report the probability sampling method will be utilized which help in determining
possibility of any sort of inclination conduct from agent in term of choosing respondents as they
are chosen on irregular premise. For current examination the respondents are chosen on arbitrary
premise under likelihood testing strategy where the example size is 30.
Questionnaire : It include certain form of questions that are subjected to be ask from
selected responded in order to conduct research by emphasising upon their perceptions and
values, as to accomplish present research objectives 30 respondents is being undertaken.
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Questionnaire
Q1)Do you have understanding of talent management concept in
workplace?
Frequency
a) Yes 20
b) No 10
Q2) Do you think, talent management will benefit company in terms of
higher productivity?
Frequency
a) Agree 25
b) Disagree 5
Q3) According to you what is the major benefit of talent management for
an organisation?
Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Q4) According to you what is the best strategy for talent management? Frequency
a) Reward and recognition 20
b) Opportunities for continuous improvement 10
Q5)What are that major challenge that TESCO can face in talent
management?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
9

LO3
P5 Data Interpretation
Theme 1: Talent management concept in workplace
Q1)Do you have understanding of talent management concept in
workplace?
Frequency
a) Yes 20
b) No 10
Interpretation: Talent management assist an organisation in number of ways through
which they can not only new employees but can also retain experienced ones for high
productivity and growth. This approach will allow entity to ensure more competitive
advancements and profitability in respective industrial sector. As per the above mentioned
analysis it has been evaluated that 20 out of 30 respondents agreed with the fact they have proper
understanding of the talent management concept within organisational workplace structure.
While remaining 10 respondents did not have any knowledge of this concept.
Theme 2: Does talent management will benefit company in terms of higher productivity
Q2) Do you think, talent management will benefit company in terms of
higher productivity?
Frequency
a) Agree 25
b) Disagree 5
10

Interpretation: With the help of talent management an organisation can measure significant
growth in many ways. It is an essential approach that allows organisation to attract attention of
new candidates and retain existing one for more profitable growth (Johara, Yahya and Zainal,
2020). As per the above mentioned analysis this is being determined that 25 out of 30
respondents think that talent management will aid an organisation in term of higher productivity,
as with the help of this approach organisation can increase performance of their employees.
While on the other hand, remaining 5 respondents did not agreed with this fact that talent
management increase productivity of company as they did not have awareness about this
concept.
Theme 3: Major benefit of talent management for an organisation
Q3) According to you what is the major benefit of talent management for
an organisation?
Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Interpretation: Talent management significantly aid an entity in terms of higher
profitability, growth, development and long term sustainability. In addition to this, with the
assistance of this practice organisation can measure more competitiveness as compared to other
rivals. According to the above mentioned evaluation it has been evaluated that 10 out of 30
respondents thinks that employee development is the major benefit of talent management for an
entity. While on the other hand, remaining 10 respondents said that with the help of talent
management company can get benefit in terms of improved employee experience. Lastly,
remaining 10 respondents said that talent-management provide advantage to an organisation by
making significant increase in manager and employee engagement.
Theme 4: Best strategy for talent management
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Q4) According to you what is the best strategy for talent management? Frequency
a) Reward and recognition 20
b) Opportunities for continuous improvement 10
Interpretation: Talent management plays most important role for an organisation
through which they can accomplish long term sustainable growth and development. This practice
will also aid entity to ensue more competitive advancements as compared to other rivals and
assure high term sustainability. According to the above mentioned analysis it has been evaluated
that 20 out of 30 respondents said that reward and recognition is best strategy for talent
management, as it allows organisation to praise hard work and talent of employees through
which they can be motivated towards organisational objectives in more effective and efficient
manner. While on the other hand, it has been determined that remaining 10 respondents said that
opportunities for continuous improvement acts as best strategy for talent management through
which entity can increase skill and knowledge of employees and can manage their talent in a
effective manner.
Theme 5: Major challenge that TESCO can face in talent management
Q5)What are that major challenge that TESCO can face in talent
management?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
Interpretation:
In order to manage talent within organisational workplace premises entity can face
number of challenges that can impact upon the smooth implementation of talent-management
process within organisation workplace premises. It has been evaluated from the above mentioned
analysis that 18 out of 30 respondents said that performance assessment is a major challenge that
TESCO can face in the process of talent management. While on the other hand, it has been
underlined that 6 out of 30 respondents goes with the fact that compensation is that major
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challenge through which company talent management process can get affected. Lastly, as per
according to the analysis this is being determined that training and development is said to the
major challenge that can negatively affect organisation talent management process.
13

P6 Recommendations
Talent management plays key essential role that will facilitate an organisation to retain
experienced, talented, skilled and potential employees for long period of time while recruiting
new ones. With the help of this process organisation can assure more growth and competitive
advancements comparatively to other rivals in industry. Employees acts as most important
source of revenue generation for an entity. Thus, it is essential for TESCO to implement this
approach in an effective manner in their organisational workplace structure as to gain more
advancements in respective industry (Boocock, Page-Tickell and Yerby, 2020). In relation to this
mention below there are some certain form of recommendations being provided to company:
 Management of TESCO is recommended to undertake regular review of employees
performance in order to keep their activities on track and manage work accordingly.
 It is essential for executives of TESCO to invest in performance based development as to
make effective increase in performance level of employees.
 Every employees seeks for praises, in this it is being recommended to TESCO
managers and leaders to provide ongoing feedback to employees in order to increase
their motivation and work efficiency.
 In order to retain talented and skilled employees it is essential for an organisation to
recognise their hard work. In this, managerial executives of TESCO is recommended to
appraise and reward employees according to their performance level.
Thus, according to above mentioned analysis it has been evaluated that by emphasising
upon all the above mentioned recommendations TESCO can manage talent of employees and
can retain them for long period of time. This will lead entity towards higher profitability and
competitive advancements.
LO4
P7 Reflection
Present report is conducted on the concept of talent management, it is an essential
practice that will lead an organisation to increase it performance and productivity in an
effectively basis. By conducting this research analysis I have been gone through various positive
and negative feelings . It has been underlined by me that during initial stage of research I faced
issue in data collecting due to my lack of critical thinking approach. In addition to this, I also
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faced issue in managing activities of research because of my ineffective time management skill.
All these negative aspects lower my motivation and confidence level that caused delay in
accomplishing research objectives. In addition to this, it is being determined by me that all these
obstacles affected end results of research. However, despite of these obstacles I effectively
managed to conduct this research in effective manner. This research analysis helped me to
enhance my critical thinking skill that further facilitate me to allocate data and informations in
more effective manner from authenticated sources (Hariyanto and Said, 2020). In addition to
this, this research also benefit me in increasing effectiveness of my time management skills
through which I effectively manage research activities in more effective manner. Along with
this, it has been underlined by me that present research also maximised by communication skill
efficiency that allowed to effectively ask for respondents point of view. All these negative as
well as positive experience that has been gained by me during this research process developed by
future development and growth in personal and professional manner through which I can have
access to more growth opportunities. In addition to this, it has been evaluated by me that, the
deterrent and difficulties that has been capable by me improved my ability to lead research in
more viable way. It has been dictated by me that this exploration not just improved my insight
base on the specific theme yet in addition permit me to have information upon present
examination subject. Notwithstanding this has been controlled by me that the assistance of this
exploration I upgraded my basic reasoning aptitudes and the capacity of gathering information
from an alternate sources. This boosted my capacity to achieve future exploration projects in
more successful way with more proficient aptitudes. There were a ton of positive encounters that
has been obtained or experienced by me during this examination, for example, this is search
investigation improved my relational abilities. It has been recognized by me that this researcg
analysis significantly maximised by critical thinking skill in a well define and effective manner.
This examination investigation huge amplified my ability and information alongside the capacity
to lead research in a viable way. Consequently, as indicated by the previously mentioned
assessment that has been dictated by me that this examination permit me to significantly
overcome my shortcomings in a very much characterized and compelling way it further
improved my future development as well as growth opportunities in a well define and effective
manner.
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CONCLUSION
As per the above mentioned report it has been concluded that talent management is
termed as an essential practice that facilitate an organisation to assure higher growth, long term
sustainability and maximised productivity. With the assistance of best talent management
strategies entity can retain talented, skilled and experienced candidates for long period of time. In
order to manage research activities in time effective manner researcher can undertake advantage
of Gantt chart and Work break down structure. Along with this, with the help of primary and
secondary data collection method researcher can accomplish research activities with authorised
and relevant data and information.
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REFERENCES
Books and Journals
ALPARSLAN, A. and SANER, T., 2020. The Influence of Sustainable Talent Management on Job
Satisfaction and Organizational Commitment: Moderating Role of In-service Training. Revista
de Cercetare si Interventie Sociala, 69.
Liu, P., Qingqing, W. and Liu, W., 2020. Enterprise human resource management platform based on
FPGA and data mining. Microprocessors and Microsystems, p.103330.
Ibrahim, R. and AlOmari, G., 2020. The effect of talent management on innovation: Evidence from
Jordanian Banks. Management Science Letters, 10(6), pp.1295-1306.
Wassell, S. and Bouchard, M., 2020. Rebooting strategic human resource management: integrating
technology to drive talent management. International Journal of Human Resources
Development and Management, 20(2), pp.93-113.
Mohammed, A.A., Baig, A.H. and Gururajan, R., 2020. Proposal of a guide for talent evaluation and
management based on a qualitative and three-staged approach. Journal of Applied Research in
Higher Education.
Altememi, A.F. and Almashhadain, A.H., 2020. The most motivating work characteristics of employees
and their impact on talent management strategy. Journal of Administration and Economics,
(123).
Yogalakshmi, J.A. and Supriya, M.V., 2020. Talent quotient: development and validation of a
measurement scale. Journal of Management Development.
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Boocock, A., Page-Tickell, R. and Yerby, E., 2020. The Dis-evolution of Strategic HRM in the Gig
Economy from Talent Management to Supply Chain Manager. In Conflict and Shifting
Boundaries in the Gig Economy: An Interdisciplinary Analysis. Emerald Publishing Limited.
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Luna-Arocas, R. and Lara, F.J., 2020. Talent Management, Affective Organizational Commitment and
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APPENDIX
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Questionnaire
Q1)Do you have understanding of talent management concept in
workplace?
Frequency
a) Yes 20
b) No 10
Q2) Do you think, talent management will benefit company in terms of
higher productivity?
Frequency
a) Agree 25
b) Disagree 5
Q3) According to you what is the major benefit of talent management for
an organisation?
Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Q4) According to you what is the best strategy for talent management? Frequency
a) Reward and recognition 20
b) Opportunities for continuous improvement 10
Q5)What are that major challenge that TESCO can face in talent
management?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
19