Business Project Report: Managing a Successful Business Project

This report delves into the intricacies of managing a successful business project, focusing on the challenges of talent management within organizations like Tesco. It begins by outlining project aims and objectives, emphasizing the significance of retaining skilled employees. The report then provides a detailed project management plan, including scope, timeframes, resource allocation, and risk assessment. A work breakdown structure (WBS) and Gantt chart are developed to visualize project stages and timelines. Qualitative and quantitative research methods are discussed, along with data collection techniques. The report analyzes research data, offers recommendations, and concludes with a reflection on the project's effectiveness. Various tools and techniques are employed throughout the research, providing a comprehensive overview of project management principles and their practical application in a business context.

Managing a Successful Business
Project

Table of Contents
INTRODUCTION...........................................................................................................................3
LITERATURE REVIEW................................................................................................................4
TASK 1............................................................................................................................................4
P1 Describe project aims and objectives within the specific concept........................................4
P2) Demonstrate project management plan................................................................................5
P3) Develop work breakdown structure and Gantt chart within time frames as well as stages
for completing.............................................................................................................................7
TASK 2............................................................................................................................................9
P4) Describe qualitative and quantitative methods which result as conducting research
meeting to achieving goal and objectives...................................................................................9
TASK 3..........................................................................................................................................11
P5) Critically analysis research and data in order to using various tool and techniques. ........11
P6) Provide recommendations within the present context. ......................................................15
TASK 4..........................................................................................................................................16
P7) Produce reflection in order to effectively attained goal and objectives.............................16
CONCLUSION.............................................................................................................................16
REFERNCES.................................................................................................................................17
Appendices 1.................................................................................................................................18

INTRODUCTION
The main aim and purpose of this research project in order to effectively managing task
and activity in order to accomplishing project effectively. MSBP is kind of research report which
main aim to identify the key challenges in order to retain the skill and capable employees in an
organisation. Talent management is important concept in order to retain the employees for
longer period of time. HR department plays vital role in organisation due to retaining talent
individual in order to effectively attained organisation goal and objectives (Wilcox, 2016). The
report is about Tesco which are situated in UK and offering wide range of products and services.
The papers consist research report which refers to effectively attained project goal and
objectives. It involves various tool, techniques and methods are used in research report in order
to effectively conducting research, recommendation and reflection.
TASK 1
P1 Describe project aims and objectives within the specific concept.
It is kind of research report which involves aims and objectives in order to organisation
facing ample numbers of challenges due to retain workforce for longer period of time. It is
process which refers to effectively developing various strategies because smoothly conducting
business operations.
Research title-: “The key challenges and obstacles facing different business sectors in
term of talent management”.
Research aims-: "To study on key challenges which are facing by an organisation in
order to retain employees."
Research objectives:
 To examine the various challenges in business due to retain employees for longer period
of time.
 To determine the various strategies in order to retain the talent management.
 To evaluating various approaches in order to recruiting and selecting employees.
Hence, it includes project aims and objectives are helpful in order to attained
organisation goal and objectives (Mayo, 2018). It considered as proper planning in order to
allocation of resources due to HR managers make effective decision. It involves organisation

analysed various strategies in order to hiring right candidate as well as increasing effectiveness
of organisation.
LITERATURE REVIEW
According to point of view Berger (2020), it includes talent management is process
which refers to HR plays vital role in order to hiring and recruiting employees due to effectively
performing business functions and activity. It is wider and broader concept which refers to talent
management is process are helpful for increasing productivity and profitability at workplace. It is
report which refers to applied method and techniques in order to effectively conducting research
properly. It involves analysed the strategies in order to effectively taking decision due to attained
goal and objectives of an organisation. It considered as organisation attracting large numbers of
candidate in order to fulfilled the vacancy of organisation as well as utilised various sources such
as external and internal.
In present context, it includes most of organisation utilised various model and framework
in order to analysed the market condition. However, it is essential for companies in order to
measuring performance of employees as well as recruiting right candidate at right place and right
position. HR manager is duty and responsibility in order to hiring candidate and fulfil the
objectives and goals of an organisation.
P2) Demonstrate project management plan.
It is kind of research report which effectively developing project management plan in
order to attained aims and objectives (Tyskbo, 2019). The project management is important
concept in order to managing successful business project which refers to utilisation various tool
and activities such Gantt chart, WBS and many more. In relevance of Tesco, it majorly focusing
project management plan in order to manager taking decision regarding project activity so
various measures are discussed.
Scope-: It includes scope regarding this research report in order to retain skilful
employees in order to effectively performing project activity and functions. It majorly focused
on various tool such WBS and Gantt chart.
Time-: Time is important tool which refers to specific project is accomplished in
particular period of time. Organisation properly allocated resources in order to manager

effectively completing project within the specific period of time. It considered as appropriately 4
to 8 weeks in order to completing research report.
Activities Expenditure (Pound)
 Analysed the issue £ 5
 Construction of plans £ 10
 Research evaluation £ 12
 Salary of researchers £ 11
 Miscellaneous expanses £ 12
 Project execution cost £ 5
Total £ 55
Quality-: It is essential concept in order to developing PMP so accordingly managing
quality effectively so used various methods. It includes various project tools which are helpful to
maintain quality such as questionnaire, qualitative, quantitative, primary and secondary methods
so on (D’Annunzio-Green, 2018). In context of Tesco, organisation utilised various resources in
proper manner so effectively utilised primary and secondary function in order to developing
project management plan.
Communication-: It is another method which is effectively exchanging information in
PMP in order to elimination of confusing as well as smoothly flow of information. It considered
as utilised various tool and techniques of communication such as emails, texts, social platforms
which are helpful tools in order to transfer information from one place to another. It is important
in research report in order to conducting survey and developing questionnaire properly. There is
need to communicate in such a way that is formal way in which all the official could be talked
with. To communicate with classmate there can be use of informal communication.
Risk-: There are ample numbers of measures which are associated with PMP in order to
developing research report. It involves project risk which is impact on organisation profitability
and productivity as well as various tool and techniques are utilised in order to minimizing risk
(Tlaiss, 2020). It considered as various risk which are facing in research project such as

authenticity of information, approval of participants, cost, expanses, time management and many
others.
Resource-: It involves various resources which effectively used in order to
accomplishing research report. There are various resources such as stationary, mobile phones,
team members and many more in order to effectively complete the PMP. It involves
coordination between the team members and computer system.
Therefore, It considered as various concept in order to effectively developing PMP as
well as project manager has responsible for taking decision regarding business activities and plan
completed within specific period of time. It includes various factors which are helpful to
minimizing risk such as quality, communication, scope and resources. It is essential for team
members who are developing project in order to understand the PMP and accordingly utilised
the tool.
P3) Develop work breakdown structure and Gantt chart within time frames as well as stages for
completing the projects.
It involves research project which are utilised various tool and techniques in order to
increasing effectiveness of organisation (AmankwahAmoah, 2020). It includes work breakdown
structure and Gantt chart is important tool in order to effectively accomplishing project
management plan. It consideration properly allocated resources within the specific period of time
as well as various stages are developing in order to accomplished project. In reference of Tesco,
it is necessary to follow the process and stages of PMP which result execute plan in proper
manner.

Gantt chart:
It is tool which refers to construct plan in order to proper scheduling activity and task due
to completed project within period of time (Swailes, 2019). It is an effective tool and techniques
in order to effectively find out various resources such as manpower, activities and planning due
to attained task and activities in proper manner. Gantt chart is tool and techniques which are
effectively used in research report (King, 2016). It includes proper scheduling of activities and
task in order to accomplishing project within specific period of time. Gantt chart is effectively
implementing in project due to properly preparing time table in order to specific activity
performing on proper period of time.
WBS-: Work break down structure is process which refers to properly managing project
activity and task due to workforce effectively completing research report. It is another approach
and tool which refers to various work and activities are properly divided in simpler form in order
to minimization issues in order to retain talented employees effectively and attained project aims
and goal. In relevance of Tesco, it is essential to effectively implement this tool due to work
accomplishing in proper manner (Alruwaili, 2018). Most of organisation utilised this method in
order to smoothly run the business functions and activity. It considered as WBS plays important

role in order to effectively dividing work effectively reason being accomplishing goals and
objectives. In relevance of project, it includes various stages and frames which are helpful in
order to completing work within period of time.
TASK 2
P4) Describe qualitative and quantitative methods which result as conducting research meeting
to achieving goal and objectives.
On the basis of PMP in order to collecting information and data of project, method and
many others are effectively adapting.
Qualitative approach-: This is a method of market research that includes gathering of
non- numerical data. In context of Tesco, market researchers use qualitative approach to collect
information from open-ended communication that consist of interviews, questionnaires,
observation or recording of conversations etc. This approach can be broadly categorised into
various groups that consist of case study analysis, grounded theory, phenomenological,
narrations etc. for inquiry and research design purpose.
Quantitative approach-: This research method focus mainly on collecting numerical data
and calculating them with help of statistics, mathematical analysis and computing techniques to
derive to a logical solution. This study is helpful for knowing actual relationship between
independent and dependent variables. In context with Tesco, quantitative method is used to
gather data that include numbers, statistics, tables, charts and graphic presentations.
Data collection methods-: This method is useful for organisation to collect useful data
consisting of both primary and secondary information. In relation with Tesco, managers of
organisation use data collection tool that consist of interviews, survey, direct observations,
document records and histories. Data analysis is common method of converting this data
collection into appropriate information for achieving organisational objectives in systematic
manner.
Primary data-: his form of data is collected through interviews, surveys and spot
assessments. This collection of data is useful for chosen firm to gather raw information helping
market researchers enhance productivity of business. It involves face-to-face interviews,
participant observation and many others.

Secondary data- This form of data is already available to market researcher with help of
primary sources existing at workplace. Since primary data is raw information collected by
someone else, therefore it is converted into reliable data that can be used by market researchers
to bring better results. In context with Tesco, secondary data sources consist of book
interpretations, journal articles with comment over research, news editorials with useful opinions
and dissertations etc.
There are different form of data discussed above that includes primary and secondary
information. The process of data collection have different procedural steps of collection,
evaluation and analysing correct insights for research hypothesis. Respective firm uses in-person
interviews, emails, phone calls and online surveys for data collection and research procedures.
Online review collection is a significant tool for collecting feedback from employee staff and
consumers.
In includes investigator research on various topics during field performance journey
related to these data allocation methods (Wiblen, 2020). In context Tesco, It will manage activity
and task in order to build good network with relative organisation in finance domain during my
research work. I also faced various challenges such as making appropriate decisions, gaining live
information from different sources, conducting interviews etc.
Quantitative questionnaire
Questionnaire
1. Do you think talent management are helpful to retain the skilful employees?
Yes
No
2. Which strategies are helpful in order to retaining talent and skilful employees?
Recruitment
Training and development
Orientation
3. What are the challenges faced in this research report in order to retain talent management?
Low profitability
Low productivity
None of the above.
4. Do you think HR manager effectively implementing talent management strategies?

Yes
No
5. How much time required in order retaining skilled employees in an organisation?
5 months
2 year
6. What about your opinion in order to Tesco can retain talent employees?
Yes
No
7. How Tesco deal with new talent in organisation?
Positive
Negative
8. Do you think that Tesco can increase productivity by hiring new talent?
Yes
No
9. Is chosen organisation is able to reduce challenges of talent management ?
Yes
No
10. What are crucial strategies adopted by Tesco to enhance productivity?
Hiring of new talent
Implementing new change
TASK 3
P5) Critically analysis research and data in order to using various tool and techniques.
In relevance of project, market researchers of Tesco have used different data collection
and research methods to come to a suitable conclusion. The methods used by researcher are
qualitative and quantitative approach. On that basis developing questionnaire in order to
gathering information with the help of 30 respondents as well as making interpretation which are
mentioned below.
Theme 1: Do you think talent management are helpful to retain the skilful employees? ?
Frequency

Yes 20
No 10
Interpretation-: From the above graph it has been analysed that talent management is
helpful for organisation for business growth & development. It is essential for an organisation to
adapt specific strategies for effective functioning of organisation. It includes 30 respondents so
20 are in favour for talent management. On the other hand ,10 respondents are against talent
management techniques used by Tesco.
Theme 2: Which strategies are helpful in order to retaining talent and skilful employees?
Frequency
Recruitment 10
Training & development 10
Orientation 10
20
10
Yes
No
10
10
10
Recruitment
Training & development
Orientation

Interpretation-: On the basis of graph, it is essential to evaluate various strategies in
order to effectively retain talented employees. It includes 30 respondents and 10 respondent are
in favour of recruitment, 10 respondent are in favour of training & development and 10 are in
favour of staffing in order to effectively manage employees.
Theme 3: What are the challenges faced in this research report in order to retain talent
management?
Frequency
Low profitability 12
Low productivity 8
None of the above 10
Interpretation-: In relevance of organisation, managers have faced ample numbers of
challenges and issues regarding talent management in order to effectively implement techniques
which result in reducing maximum issues. It has 30 respondents in which 12 said low
productivity, 8 said low profitability and 10 said no issues are faced by an organisation in the
context of talent management.
Theme 4: Do you think HR manager effectively implementing talent management strategies?
Frequency
12
8
10
Low profitability
Low productivity
None of the above