Managing a Successful Business Project

This document provides insights into managing a successful business project. It covers topics like aims and objectives of research, project administration plan, work breakdown structure, Gantt Chart, research methods, and data analysis. The research focuses on talent administration and retaining staff members, with a case study on TESCO.

Managing a successful
business project

Contents
RESEARCH TOPIC........................................................................................................................1
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Explain aims and objectives of research...............................................................................1
P2.Explain project administration plan........................................................................................2
P3. Explain work breakdown structure and Gantt Chart to provide time frames........................4
TASK 2............................................................................................................................................6
P4. Explain research by using research methods.........................................................................6
TASK 3............................................................................................................................................9
P5. Analyse research and data using effective tools and techniques...........................................9
P6. Recommendations...............................................................................................................13
TASK 4..........................................................................................................................................13
P7. Reflection............................................................................................................................13
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................15

RESEARCH TOPIC
What type of tactics for executing specific organisation for retaining staff member within
company?
INTRODUCTION
Talent management is determined as a process that help in using an important source for
enhancing practices connected to a company that helps in achieving objective in given period of
time. It is the responsibility of HR manager to attract staff member for a longer period of time.
The primary purpose of administration is to implement activity that is connected to production
which will be beneficial for organisation (Butler, Vijayasarathy and Roberts, 2020). The research
is based on other company named as TESCO. It is the international organisation that provides
variety of products and services to its user for satisfying them. This report or assignment will
provide different kind of information connected to objective of administration of project and
management plan. Furthermore, they also provide a description regarding research methodology
and the data that is connected to research and also provide recommendations and also selection
for organising research.
TASK 1
P1. Explain aims and objectives of research
This report would incorporate several kinds of talent management as well as retaining
subordinates for longer duration. Moreover the key intent is to hire the employees as well as
formulate effective government for entity’s development and success. In addition to this, the
project aims and objectives are developed through researcher.
Introduction to company and topic
TESCO is known to be one of the growing British multinational groceries as well as
general merchandise retailers having headquarters is in Welwyn Garden City, England, UK. It
was developed in year 1919 and deals in supermarkets, books, financial services and others.
Research aim
To assess strategies adopted by organisation to attract talent of subordinates “The case
study on TESCO”
Research objective
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 The information that is connected to talent administration and retain its staff member for
a longer period of time
 The aim helps in recruiting subordinate and also sustaining them.
 The challenges faced by Tesco in context of individual person with business organisation.
 The project that provide information in context of research tool which is used for
gathering or collecting information that help in completing research in proper manner.
Research questions
 Explain different types of information that is connected to talent administration and retain
its staff member for a longer period of time?
 Describe aim help in recruiting subordinate and also sustaining them?
 Define challenges faced by Tesco in context of individual person with business
organisation?
 Explain project that provide information in context of research tool which is used for
gathering or collecting information that help in completing research in proper manner?
Research scope and limitation
The scope which is related to research is analysed as a boarder and they facilitates several
kinds of information which is associated with retention of talent as well as administration into
entity (Fernandes and et. al., 2020). Moreover, this renders many forms of information that is
related to tactics which is applied through administrative for managing and retaining proficient
staff. In addition to this, it also renders explanation about workers retention into firm.
Additionally, the limitation incorporates respective research which is produced into sample as
well as also in relation to specific period and cost of investigation.
P2.Explain project administration plan
This is undertaken as plan which is utilised through firm’s management for describing
several project types in effective way. Moreover, it incorporates communication, risk, resource
and others that would be assists in attaining objectives in pre-determined time duration. In
relation to research, the researcher would have to focus upon various aspects which are required
for achieving favourable results that are to be described below:
 Cost: In this, the cost is vital aspects which aids in conducting specified research as this
assists them to get effective equipment appropriately. In aids of this, cost incorporates
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those expenses that are needed to accomplish particular project in well defined manner.
So, the researcher concentrates upon evaluating expenses to complete research is £500.
 Scope: Respective element is related with aspect that is associated to whole
implementation of specific project is enhanced appropriately. Moreover, the investigator
concentrates upon maximising researcher motivation for using option to gain
opportunities as well as minimising various forms of issues which raise to accomplish
investigation in well defined manner.
 Time: Respective element should be analysed through entity in order to accomplish
specific activities properly. By utilising effective tool researcher become competent to
complete favourable outcomes in future period. Additionally, individuals ascertain the
firm’s surroundings which aid them to implement the activities efficaciously. Moreover,
the investigator would concentrates upon undertaking survey that required about 3
months for accomplishing investigation during particular time duration.
 Quality: Respective element incorporates much essential aspects as which are directly
related with project effectiveness during time duration (Gozali and et. al., 2020). So, the
researcher have to focus upon identifying current marketplace in order to accumulate
essential information that is helpful to accomplish specific investigation as well as
performing survey.
 Communication: Respective element is related with project management plan which aids
to observe problems like misconception, confusion and others. Additionally, in context of
research, researcher would have to concentrates upon developing effective
communication with subordinates in order to accomplish project properly. Also, the
individuals who are competent for forming support t their group work which facilitates
several forms of advantages to their staff as well as maximise quality associated with
investigation which aids them to accomplish favourable outcomes at upcoming duration.
 Risk: Respective element is adapted through researcher to attain optimistic outcomes in
upcoming duration. Moreover, researcher focuses upon problems which are tackled to
accomplish particular investigation during determined time duration. Also, the key intent
is t minimise misconception and confusion efficaciously.
 Resources: It is identified as that source that is utilised through research to accomplish
project which is related with investigation in well defined manner. Moreover, there are
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several forms of resources such as labour, cost and others which is adapted to accomplish
investigation effectively as well as conduct research during time duration.
P3. Explain work breakdown structure and Gantt Chart to provide time frames
This is essential for research in order to evaluate the time period that is required for
executing investigation in effectual way. Moreover, period of time which aids in facilitating
appropriate time duration in order to accomplish a particular investigation effectually. Moreover,
the investigator concentrates upon providing norms which aids them to perform task
appropriately (Grube and Wynn, 2020). This is vital for researcher to utilise tools for evaluating
time period in order to conduct business functioning efficaciously. Along with this, there are
several forms such as Gantt Chart and Work break down structure for supporting investigator in
order to undertake effective decision for investigation during time duration.
Work break down structure is regarded to be the method that is utilised through
investigator in order to perform research in effectual manner. Additionally, it is also undertaken
as primary deliverables related with project which is advantageous to do investigation as well as
elate to projects in efficacious manner. Along with this, it is vital method which facilitates
assistance to execute essential activities into several parts. So, they focus upon conducting many
task in order to compute project appropriately.
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Gantt chart: It is regarded as an essential tool which is utilised in order to organise
various activities in efficacious manner. Moreover, it is undertaken as the method that is
developed through American Engineer known as Henry Gantt who concentrate upon to handle
actions which is associated with project during specific time duration phases (Gurca and et. al.,
2020). Along with this, it highlights into horizontal bar chart that ascertains actions which is
related with investigation n well defined manner. Thus, there are several forms of aspects such as
timeline, bar allotted resource and others to accomplish particular project on time.
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TASK 2
P4. Explain research by using research methods.
Research methodology
This is undertaken as the specific technique that aids them to evaluate, accumulate and
determine information which is related with research topic. Moreover, this is regarded as the
function which is associated with accumulating data which helps in formulating effective
decision into entity (Kocsir and Varga, 2020). Along with this, it aids in determining as well as
evaluating marketplace and solve several problem kinds into firm. This facilitates description
related to firm’s difficulties, hypothesis implementation and information which is needed to
perform survey at market. Additionally, this is utilised to obviate several problems as well as
determine solutions in order to formulate effective conclusion for numerous forms of
methodology which is related with this particular research is described underneath:
 Qualitative method: This is regarded as method which aids them to conduct survey in
respect of quality that would be helpful to accomplish favourable outcomes in upcoming
duration. In addition to this, it is also undertaken as fundamental research as well as also
a scientific method of accumulating essential data which is vital to complete specific
research in well defined manner. Moreover, this incorporate case study, interview, focus
group and others which are utilised to accumulate effective data during determined time
period. Additionally, this have been providing suggestion which are related with potential
elements effectualness and many more which are acknowledgeable through researcher by
adapting descriptive method. Along with this, it is time taking as well as costly method to
gather information.
 Quantitative method: This is regarded as the method wherein information is accumulated
in context of columns, graphs, rows and others. Moreover, investigation is accomplished
appropriately through opting several kinds of graphs, tables and many more. In this, the
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data is accumulated in numerical manner through opting several kinds of sources such as
interviews, online surveys and so on (Lopes and Lopes, 2020). So, such forms of
resources adapted as well as required in mathematical manner which aids them to
accomplish research appropriately and also aids to accumulate data that should be in
statistical term which is related with investigation during time period. Also, researcher
focused upon gathering effective data that is required to conduct surveys as well as
accomplish investigation properly. This is also helpful in attaining affirmative outcomes
in upcoming durations.
On provided graph, research methodology is essential to accomplish research in well
defined manner. Moreover, the researcher utilise qualitative method in order to complete
investigation as well as accumulate data for them. In addition to this, it aids to accomplish
objectives in pre-determined time duration.
Data Collection: This is undertaken as techniques which is adapted through investigating
for gathering data which is discussed below:
 Primary source: By adapting respective source, the data is accumulated through
researcher to maintain or manage direct communication. Moreover, there are several
kinds of methods like normal survey and others which helps researcher to accumulate
data effectively.
 Secondary source: This is undertaken as a form of source wherein researcher utilised
some information which has been already used through others person with assistance of
several sources such as article, journals, books and many more.
From the above described methods that is associated with data accumulation, this has been
analysed that researcher have to opt primary sources in order to accumulate information
associated with research. Along with this, investigator could utilise questionnaire method for
gathering information.
Sampling: This is undertaken as a technique which is adapted through entity for choosing
sample population for using essential data which aids to accomplish investigation (Pramanik,
Mondal and Haldar, 2020)(Rowe, 2020). Also, the investigator opt the size associated to 30
respondents from firm.
Questionnaires: This is described as a written report which incorporates set of question
which is related to accumulate information that is vital to accomplish respective research in well
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defined manner. Moreover, through this researcher interact with various individuals as well as
utilise effective data during time duration.
Questionnaire
Q1. Explain concept related to talent administration?
(a) Yes
(b) No
Q2. Explain tactics that is adopted by TESCO for managing staff member?
(a) Person fit for company
(b) Reward and bonus
Q3. Determine challenges faced by TESCO for retaining its staff member?
(a) Increase turnover rate of employees
(b) Lack of leadership
Q4. Determine significance management connected to talent for TESCO?
(a) Growth of organisation
(b) Sustaining performance of subordinates
Q5. Determine role which is played by TESCO for increasing workforce improvement
within business organisation?
(a) Training and development
(b) Provide support to problem solve
Q6. Explain the role which is play by manager of company for sustaining top talent?
(a) Empower accountable staff member
(b) Offer chances for growth
Q7. Offer suggestion for tackling challenges that is related to talent administration?
TASK 3
P5. Analyse research and data using effective tools and techniques
Theme 1: concept related to talent administration
Q1. Explain concept related to talent administration? Frequency
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(a) Yes 16
(b) No 14
Interpretation- It is important for organisation to understand concept connected to talent
management for sustaining staff member for a longer time period (Williams and O’Connor,
2020). On given graphical representation, it is assessing that there are approx 16 individual
people to enhance concept related to talent management. In addition to this, there are approx 14
respondents who do not understand concept connected to talented administration for sustaining
staff member for longer time period.
Theme 2: tactics that is adopted by TESCO for managing staff member
Q2. Explain tactics that is adopted by TESCO for managing
staff member?
Frequency
(a) Person fit for company 13
(b) Reward and bonus 17
Interpretation: There are different kinds of strategies used by selected company for
administration of staff member and sustaining them for longer time period. On graphical
representation, there are approx 13 individual people who agree that individual person fit for
organisation is determined as superior tactics used by selected company for managing talent. In
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addition to this, there are approx 17 individual people who agree that rewards and bonus is
considered as appropriate strategy for staff member for longer time period.
Theme 3: Challenges faced by TESCO for retaining its staff member
Q3. Determine challenges faced by TESCO for retaining its staff
member?
Frequency
(a) Increases turnover rate of employees 18
(a) Lack of leadership 12
Interpretation- There is different challenges confronted by selected organisation for
retaining competence for a longer time period. On given graph, there are approx 18 staff member
who believes that enhances subordinate turnover it is considered as a main challenge confronted
by Tesco organisation for retaining talent for a longer period of time. In assistance of this
approach, there are 12 individual people who agree that lack of leadership is considered as a
challenge that is faced by organisations for sustaining subordinate for a longer period of time.c
Theme 4: significance management connected to talent for TESCO
Q4. Determine significance management connected to talent for
TESCO?
Frequency
(a) Growth of organisation 11
(a) Sustaining performance of subordinates 19
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Interpretation- It is important to administer competence of subordinate in order to
sustain them for a longer period of time (Wang and et. al., 2020). On given graph, there is approx
30 staffs member from which 11 individual people believes that growth of organisation is the
importance for management that is related to talent for Tesco. In assistance of this, there are 19
individual people who focus on sustaining performance of subordinate that is helpful in
sustaining them within organisation.
Theme 5: The role which is played by TESCO for increasing workforce improvement
within business organisation.
Q5. Determine role which is played by TESCO for increasing
workforce improvement within business organisation?
Frequency
(a) Training and development 14
(c) Provide support to problem solve 16
Interpretation- There is different role that is used by Tesco for increasing subordinate
within company. On given graphical representation, it has been assess that there are around 14
people who believes that training as well as development is important for Tesco organisation for
increasing team member within company. In addition to this, there are around 16 individual
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people to emphasize on providing support to resolve problem is significant for increasing
subordinate within business organisation.
Theme 6: The role which is play by manager of company for sustaining top talent
Q6. . Explain the role which is play by manager of company for
sustaining top talent?
Frequency
(a) Empower accountable for staff member 17
(b) Offer chances for growth 13
Interpretation: On given graph, it has been analysed that administration of selected
organisation assists in sustaining talent within company. There are around 17 individual person
who agrees that empower accountable subordinate is very significant for administration of
chosen organisation. In addition to this, there are around 13 subordinate who believes that
provide opportunity for growth is considered as a reason for management team that assists in
retaining talent with an organisation.
P6. Recommendations
Based upon the above discussed information, the management as well as staff retention into
entity is implemented within work area. Moreover this is vital for management to assure that
they maximise workers retention and leadership (Tidd and Bessant, 2020). So, there are several
recommendations which could be adapted through TESCO management are mentioned below:
 They have to opt some tactics such as providing rewards and bonus to staff as this helps
them to retain and manage their workers in effective and efficient way.
 Also, they have to focus upon providing support to resolve problem as this aids in
maximising subordinates competency within business organisation
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TASK 4
P7. Reflection
While performing respective research, I has concentrates upon following investigation as
well as I am concentrating upon acknowledging various competencies related to myself. So, this
has been determined that I having effective communication and time management skills which
aid to accomplish research effectively. Moreover, It also assist me to communicate with other
person in simple way. along with this, it aids me to perform investigation with team members in
appropriate way as well as there are many kinds of framework that is adapted through
management such as Work break down structure which helps to facilitates overall activities in
small portion (Vaníčková, 2020). In this, there are various forms of techniques as well as
methodologies along with accumulation of information to accomplish research. Additionally,
whole intent associated with research is properly accomplished by competencies during specific
time duration stages. Also, I ensure that my proficiencies assist me to complete investigation as
well as categorised activities based on time priority for each activity. In addition to this, there are
several forms of competencies that helps me to enhance individuals participation to perform
various activities in efficacious manner. Thus, I have to concentrates upon many techniques
along with tools associated with data accumulation which assists them to complete project on
determined time.
CONCLUSION
On given assignment, it is assess that talent management is determined as a process that help
in using an important source for enhancing practices connected to a company that helps in
achieving objective in given period of time. It is the responsibility of HR manager to attract staff
member for a longer period of time. The primary purpose of administration is to implement
activity that is connected to production which will be beneficial for organisation. This report or
assignment will provide different kind of information connected to objective of administration of
project and management plan. Furthermore, they also provide a description regarding research
methodology and the data that is connected to research and also provide recommendations and
also selection for organising research.
13

REFERENCES
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Tidd, J. and Bessant, J.R., 2020. Managing innovation: integrating technological, market and
organizational change. Wiley.
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Williams, A. and O’Connor, M., Making researchers’ lives easier and managing risk at the
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