Assess the importance of each of the following in the effort to develop productive relationships with project participants in order to gain the trust of project team members and rank them in order of most important to least important. Justify your response.

 

•       Organizational leadership

•       Policies and processes

•       Human capital

•       Information management

 

Importance of Leadership

Initiates action - Leader is a person who starts the work by communicating the policies and plans to the subordinates from where the work actually starts.

Motivation - A leader proves to be playing an incentive role in the concern's working. He motivates the employees with economic and non-economic rewards and thereby gets the work from the subordinates.

Providing guidance - A leader has to not only supervise but also play a guiding role for the subordinates. Guidance here means instructing the subordinates the way they have to perform their work effectively and efficiently.

Creating confidence - Confidence is an important factor which can be achieved through expressing the work efforts to the subordinates, explaining them clearly their role and giving them guidelines to achieve the goals effectively. It is also important to hear the employees with regards to their complaints and problems.

Building morale - Morale denotes willing co-operation of the employees towards their work and getting them into confidence and winning their trust. A leader can be a morale booster by achieving full co-operation so that they perform with best of their abilities as they work to achieve goals.

Builds work environment - Management is getting things done from people. An efficient work environment helps in sound and stable growth. Therefore, human relations should be kept into mind by a leader. He should have personal contacts with employees and should listen to their problems and solve them. He should treat employees on humanitarian terms.

Co-ordination - Co-ordination can be achieved through reconciling personal interests with organizational goals. This synchronization can be achieved through proper and effective co-ordination which should be primary motive of a leader

 

Policies and Processes

Employees understand the constraints of their job without using a trial and error approach as key points are visible in well-written policies and procedures.

Policies and procedures enable the workforce to clearly understand individual and team responsibilities thus saving time and resources. Everyone is working off the same page; employees can get the official word on how they should go about their tasks quickly and easily.

Clearly written policies and procedures allow managers to exercise control by exception rather than micro-manage their staff.

 

Importance of Human Capital

Hiring the right talent

Orienting him/her to the organization

Making a new employee feel comfortable

Training employees in order to constantly upgrade their skills

Retaining employees

Making employees self sufficient and prepare them for adverse conditions

 

Importance of Information Management

Communication: part of management is gathering and distributing information, and information systems can make this process more efficient by allowing managers to communicate rapidly

Operations: How you manage your company's operations depends on the information you have. Information systems can offer more complete and more recent information, allowing you to operate your company more efficiently.

Decisions: The company information system can help you make better decisions by delivering all the information you need and by modeling the results of your decisions.

Records: Your company needs records of its activities for financial and regulatory purposes as well as for finding the causes of problems and taking corrective action.

 

 

 

AccountingQueen

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Status NEW Posted 26 Sep 2017 07:09 AM My Price 10.00

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