Managing a Successful Business Project: Tesco PLC Report

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This report focuses on managing a successful business project, specifically exploring strategies for developing an inclusive and diverse workforce, with Tesco PLC as a case study. The report begins with an introduction highlighting the importance of a diverse workforce in today's competitive market. Task 1 outlines the aims, objectives, and research questions, followed by a literature review on inclusive workforces and strategies for building them. It also details the project management plan, including cost, time, scope, quality, communication, risk, and resources, along with Gantt charts and Work Breakdown Structure. Task 2 presents small-scale research, including quantitative and qualitative methods, sampling, and a questionnaire. The report then interprets the findings and offers recommendations. Task 3 provides a reflection on the project, discussing challenges faced and lessons learned. The conclusion summarizes the key findings, emphasizing the benefits of an inclusive workforce for organizational performance and competitiveness. The report utilizes various tools and methods to provide a comprehensive analysis of the topic.
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MANAGING A
SUCCESSFUL BUSINESS
PROJECT
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INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Aims and objectives...............................................................................................................3
P2 Project management plan.......................................................................................................4
P3 Gantt chart and WBS..............................................................................................................6
TASK 2............................................................................................................................................8
P4 Small scale research...............................................................................................................8
P5 Interpretation of findings......................................................................................................10
P6 Recommendations................................................................................................................10
TASK 3..........................................................................................................................................10
P7 Reflection.............................................................................................................................10
CONCLUSION..............................................................................................................................11
REFRENCES.................................................................................................................................12
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OPIC
“Is to determine those strategies and initiatives that can be helpful for an
organization to develop a inclusive and diverse workforce”. Case study taken is on Tesco
plc
INTRODUCTION
In a competition that has been accruing within market upon daily basis because of
expansion taking place in a business. This has become an important for employee over an
organization for enhancing of skills and talent has been enhanced. It is very helpful in
maintaining of effective result that is gained through achieving of goals in faster manner. Diverse
workforce is very important and is emerging as new trend because it brings various kinds of
skills, talent, background and experiences has to play an important role in gaining of competitive
edge. Tesco is a British multinational supermarket that was formed in 1919 and its headquarters
is situated in England. In these report things that are to be covered is over importance upon
having a diverse work force. Also strategies helpful in building of a work environment have to
be discussed. Various tools is going to be used and research is to be done on small scale.
TASK 1
P1 Aims and objectives
Inclusive workforce is that type of force that is made from diverse employees within an
organization. These employees are being valued within an organization by making them part of
decision making mechanism and taking their view in a particular situation. This is going to make
them realize importance in an organization. It also helps in solving of dispute in an organization
by maintaining of work environment (Rahman, Wittman and Thabet, 2016).
Aim: “ In order to determine such strategies and initiatives which is going to be helpful in
an organization for its development over and diverse workforce”. Further an case study on
Tesco plc is as follows:
Objectives:
Gathering information upon inclusive workforce
Determination of strategies and initiative that is to be used by Tesco over creating diverse
and inclusive workforce.
Research Questions:
What does inclusive workforce means?
What strategies and initiative has to be used through an organization on creating of
diverse workforce?
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What are the advantages of such workforce?
Literature Review
Inclusive workforce in a company
As it is having an inclusive workforce in an organization which means that people who
belong to various background, cast and religion works together as one team in an organization.
This is considered to be an very important that inclusive environment should be formed in a
working place which promotes equality. This makes employees feel valuable towards an
organization. It is responsible for motivating employee and his capacity over working in an
organization. innovation leads towards an effective environment that has helped in increasing
employee’s turnover that is going to make him get involve within an organization’s work.
Performance of work has to be enhanced and is helping in achieving goals in perfect manner
(Newton, 2016).
Strategies for building an inclusive and diverse workforce
As per the view of… there are different manner under which an organization has helped
in formation of an inclusive workforce which results into creating of those opportunities that
makes achieving of goals and objectives in smooth manner. Training and development programs
is going to be effective over understanding and completing of work in better manner. Engaging
of employee is going to increase an organizations participative leadership. This is going to make
employees involved in decision making which eventually results into quality of ideas and
thoughts. Judging an performance and enhancing it is going to make capacity improve
performance of workers and environment.
Advantages of having inclusive and diverse workforce
According to…., economic globalization of the organization is going to lead towards
formation of an diverse workforce which is going to have both skills and talent that is to be hired
within an organization. This is going to help in uplifting of productivity and also boosts
performance has to be focused on work. This helps in building a strong brand image of an
organization.
P2 Project management plan
It is meant to be a formal documentation which has approved that is going to lead to an
execution over monitoring and controlling of project. This is also going to help in determining of
problem related to a task. Some essential components are explained as follows:
Cost: It is considered to be an important element within a project that is going to be helpful
in understanding the amount to be involved in a task to be accomplished. It make sure that
strategies are formed in a manner that cost savings is also done with completing task.
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Time: This has to be determined the amount of time to be utilized in upon doing research
within a project. It is important to be told the time required for a project to be completed
as this makes funds to be use in wide manner (Mukherjee and Natrajan, 2019).
Approximate time should be 3 weeks.
Scope: It has to be related to an documentation of a list of specific goal that is required to
be achieved, features, functions, deliverable, cost, deadline etc. This has to be performed
completing of an project and is covered under scope. Research is required to determine it.
Quality: In this quality of an result is to be achieved upon complication of the project.
Also collecting data has important role in defining of quality in a product. Collecting data
is required for research that makes increase in effectiveness.
Communication: It is related to an device that is helpful in establishing an effective mode
of communication that is going make coordination possible between all team members
working over a project. This is an very important tool to increase communication in
effective manner.
Risk: This is helpful in identifying of results which has to occur within an operation to be
performed at the time of doing a project which can result into banning of a task also. This
can make into taking of certain decisions and make those strategies that are resulting into
much better results out a task.
Resources: Such resources are required towards crying a project that is to be used at the
time of project accomplishment. Office, printers, mobile phones, team members and
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some resources that is going to be used by research in completing a project within time
and budget.
P3 Gantt chart and WBS
Gantt chart: In this chart various time that is to be given over each activity which is to be
performed to achieve an objective in specific time period. This involves an effort which is to be
implied by an individual those in terms is able to gain achievement of project. This is used by an
researcher in order to know an effectiveness of the project and about the time required for
accomplishing of each task. It is also important to provide information about entire project which
provides relevancies also.
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Work Breakdown structure: Under this structure it has been defined that a particular
point of time the task is required to be divided into sub and small tasks. This is going to be
helpful in removing of complexity from a project. Task under this is divided into different slots
that are to be performed according to the task specified.
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TASK 2
P4 Small scale research
Research is a process in which a help over an finding of analyzing upon the aspects that
is important in accomplishing of an task that has been introduced in an organization and is
required to be accomplished. Various types of resources have to be collected that is going to
done through qualitative and quantitative method. This gives most important information over
the project which is helpful in doing research.
Quantitative method: As per this a method of data collection has to be done through
tables, statistics and other formats also. According this an output has to be carried under norms
and conclusions based upon data collected from various sources. Data which is gathered from
this has to be for the purpose of analysis various statistic which is important for calculation.
Accuracy and validation of data is very much necessary in order to gain valid information. In this
mainly graphical representation is there.
Qualitative method: In this type of research data has to be collected in the form of
quality which is gained through various statements and is going to be measured in the form of
research. This is required to be conduct in the form of an open end question that includes
feedback and is required to taken in it. According to this information is being collected through
observation, facilitating upon ideas and facts (Marnewick, 2016) .
Primary source: These are the sources that have been formed after collecting of data
through survey, questionnaire, collection of feedback and other types of sources. It
contains more authentic information and adequate also.
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Secondary sources: In these sources data has to be collected from an source that has
been published already. It can be in the form of newspaper, journals, articles, magazines
and other.
Sampling: Under this process a particular amount of people is going to be selected and then
only research is going to be conducted upon them. Size of this research is 40.
Questionnaire
Quantitative questions
Q1) Do you know what is inclusive workforce?
a) Yes
b) No
Q2) Do you think that an included and dissimilar workers are important for company?
a) Yes
b) No
Q3) Does there exist equality and diversity in Teso plc?
a) Yes
b) No
Q4) How can varied workers be created in company?
a) Indiscriminate recruitment
b) Having variety of work
Q5) What is an included employees?
a) Engaged employees
b) Include in decision making
c) Valued indiscriminately
Q6) Why is diversity important in company?
a) Increased innovations
b) Reputation of company
c) Competitive edge
Q7) How can involved personnel help employees?
a) Improved performance
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b) Increased job satisfaction
Q8) What are the benefits of inclusive workforce for company?
a) Increased productivity
b) Increased employee retention
c) Better brand image
Qualitative questions
Q9) What are the strategies that can help in building an included and dissimilar staff?
Training and development
Participative leadership
Q10) How can the strategies be implemented in company?
a) Change in leadership style
b) Performance appraisals
c) Equal opportunities to all
Q11) Recommendation
P5 Interpretation of findings
Covered in PPT
P6 Recommendations
TASK 3
P7 Reflection
This has to be researched upon conducting upon an topic that has to be helped in finding
an appropriate strategies and has initiative which has to be taken by Tesco that is going to be
very helpful in achieving of goals and objectives. Also this is very effective and I have also
conducted that has been using survey questionnaire and has asked certain questions from
employees of Tesco that has made me get high quality result and can be drawn from an
appropriate source. During research I have faced various problems like time management and
resource and I have found it very difficult in managing of team in effective manner. However my
teachers and communication skills has helped in gaining future research projects in big
organization that has to be helpful in financial and getting into desired college for higher studies
(Amir Rizavi and SP, 2016).
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CONCLUSION
From this report it can be concluded that an organization should be able to have an
diverse workforce and they should be engaged in decision making process of an organization.
This has helped in improvising of performance that is going to lead in helping an organization in
gaining of competitiveness in market. This has lead towards creating a company of brand image
and helpful over increasing profit and markers out talent of workers in an organization. Lot of
strategies and can be adopted by a organization for achieving diverse and inclusive workforce.
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REFRENCES
Books and journals
Amir Rizavi, P. E. and SP, E., 2016. MANAGING AND OPERATING SMALL, MEDIUM,
AND LARGE FIRMS: PERSPECTIVES FROM ITE MEMBERS. Institute of
Transportation Engineers. ITE Journal. 86(1). p.22.
Artto, K., Ahola, T. and Vartiainen, V., 2016. From the front end of projects to the back end of
operations: Managing projects for value creation throughout the system
lifecycle. International Journal of Project Management. 34(2). pp.258-270.
Bailey, C.A., Jones, K.T. and Rosenbaugh, J.M., 2018. Managing Exploratory Projects Like a
Venture Capitalist: How Large Enterprises Use Internal Venture Capital Structures to
Manage the Creation of New Offerings. IEEE Engineering Management Review. 47(1).
pp.144-149.
Isherwood, A. and Tassabehji, R., 2016. A case analysis of managing “Maverick” innovation
units. International Journal of Information Management. 36(5). pp.793-798.
Kris Bailey MLT, B. A., 2016. Managing Pathology Projects For Success. Canadian Journal of
Medical Laboratory Science. 78(3). p.14.
Marinho, M., Sampaio, S. and Moura, H., 2018. Managing uncertainty in software
projects. Innovations in Systems and Software Engineering. 14(3). pp.157-181.
Marnewick, C., 2016. Benefits of information system projects: The tale of two
countries. International Journal of Project Management. 34(4). pp.748-760.
Mukherjee, D. and Natrajan, N.S., 2019. Managing Virtual Teams in Software Projects through
Social Media: A Multi-case Approach. South Asian Journal of Management. 26(1).
Newton, R., 2016. Project Management Step by Step: How to plan and manage a highly
successful project. Pearson UK.
Rahman, N., Wittman, A. and Thabet, S., 2016. Managing an engineering project. International
Journal of Information Technology Project Management (IJITPM). 7(1). pp.1-17.
Sankaran, S., Vaagaasar, A.L. and Bekker, M.C., 2019. Assignment of project team members to
projects. International Journal of Managing Projects in Business.
Williams, N.L., 2016. 4 Managing Event Projects. Events Management: An International
Approach. p.94.
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