P1 - Devise project aims and objectives for a chosen scenario.

Chaudhary Group of Nepal

The history is all about the 17th century when the Shree Lunkaran Das Chaudhary made the
framework to do the business in Kathmandu as per allowed by the Royal family of the Nepal to
do the business.At first he used to sell clothes only.He imported garments from Japan, Europe
and India. Later on he started the first department store in Nepal, 1968. After that the business
was limited within India.Now it is one of the well known multinational companies of Nepal with
136 companies.
The products and services it provides is of wide range. It has divided the products as:
CG|Foods,
CG|Finco,
CG|Hotels & Resorts,
CG|Education,
CG|Electronics,
CG|Infra,
CG|Realty,
CG|Telecom,
CG|Brewery,
CG|Beverage,
CG|Tobacco,
CG|Packaging
The size or revenue of the company is USD 1.5 million. The scope can be analysed through the
range of the products division. However, the company is still planning to extend their business in
more countries. The numerous individuals who are related with the Company, all added to its
general accomplishment to a more prominent or lesser degree. Their commitment is significan
and meriting acknowledgment in guaranteeing that their privileges are given due thought.
Individuals from this gathering incorporate loan bosses, both government and private areas,
auxiliary organizations just as the Company, the board, office staff and representatives. These
individuals add to a definitive achievement of the Company. The prior business objective is to be
a five billion dollar enterprise by 2025. Next is to establish a corporate conglomerate with core
competencies in food and beverages, financial services, infrastructure, real estate and hospitality

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and achieve the coveted position as a Global Growth Company among the leading companies in
Asia.
Mission
 Understand consumer insights and meet their needs with safe, effective and world-class
products.
 Integrate our dealers, distributors, retailers, suppliers and JV partners into the CG Corp
Global Family.
Talent management
Talent management is an integral part of human resource management. Talent management can
be defined as a deliberate approach implemented to recruit or hire, develop and retain people
with required aptitude or skills to meet the present and future goals or needs of the organization.
It is the creation and maintenance of a supportive and pro-people organizational culture. Talent
management is, therefore, the commitment of an organization to recruit, develop, retain the most
talented and qualitative employees available in the job market.
Significance of Talent Management
The basic purpose of talent management is to recruit, develop, and retain best talent in the
organization. The HR Department always endeavors to ensure that employees with the right
skills and qualities stay with the organization for a long time.
The most important functions of Talent Management are as follows:
 Establishing a high-performance workforce.
 Attracting individuals with high potential and retaining them through proper training and
refreshment.
 Increasing the productivity of the organization.
 Proper time management, as untrained and unskilled workforce lead to wastage of time
and commitment of errors, which is not cost-effective.
 Retain talented and high-performing employees.
 Ensuring growth and innovation in the organization.
 Developing skills and competencies in employees.
What are the key challenges and obstacles facing by CG (manufacturing) in terms of talent
management?
A requisite pool of qualified and talented employees can simplify the process of achieving the
organizational goal and help focus on issues that really matters in the interest of the organization.
Therefore, the overall purpose of talent management is to maintain a skilled and efficient
workforce for the organization. In modern-day organizations, the importance of talent
management is second to none. Unless an organization has the required talented workforce, it
cannot succeed in attaining its goal even if it possesses other factors such as natural resources,

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infrastructure, and technology. In fact, it is people who take an organization to its next levels of
success.
In today’s context, organizations may have good service criteria,good economic criteria, and
good human relations criteria, but they are not really committed to identifying, developing,
utilizing and recognizing the talent of the people. And if these psychological forces are missing,
the style will be benevolent autocracyand the resulting culture will reflecat different forms of
collective resistance, excessive turnover, and other deep, chronic,cultural problems.
In the case of CG, previously before some years the term “talent management” was not that of
importance because employees were unknown about those things. But now, the situation has
changed dramatically. Despite of having, challeneges and obstacles CG has been able to grasp
the situation wisely and thus has been able to name the organization’s name in the top list of
business organizations.
Project management
Project management is a distinct area of management that helps in handling projects. It has three
key features to distinguish it from other forms of management and they include: a project
manager, the project team and the project management system. The project management system
comprises organization structure, information processing and decisionmaking and the procedures
that facilitate integration of horizontal and vertical elements of the 7 project organization. The
project management system focuses on integrated planning and control.
Benefits of Project Management Approach
The rationale for following project management approach is as follows.
 Project management approach will help in handling complex, costly and risky
assignments by providing interdisciplinary approach in handling the assignments.
Example: R&D organizations.
 Project management approaches help in handling assignments in a specified time frame
with definite start and completion points .Example handling customer orders by
Industries involved in production of capital goods.
 Project management approaches provide task orientation to personnel in an Organization
in handling assignments. Example: Organizations in IT sector handling software
development assignments for clients.
Aims and objectives of the project
The purpose of talent management is to identify, recruit and hold on to people who drive the
success of your organization. It's a top priority, strategic process for forward-looking People
Companies who understand that their company performance depends on their workforce.
Performance and talent management is a key function of the modern HR department.
The main objectives and aims of the project “ talent management” are as follows:

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  Identify the key gaps between the talent in place and the talent required to drive business
success.
 Develop a sound integrated talent management plan designed to close the talent gaps.
 Facilitate and support management to implement accurate hiring and promotion
decisions.
 Develop talent to enhance performance in current positions as well as readiness for
transition to the next level.
 Develop a succession and retention plan to sustain organizational excellence 6.Measure
business impact and workforce effectiveness during and after implementation.

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