Wednesday, May 6, 2020

Managing Engineering and Technology Chapter 3 - 1968 Words

Homework Chapter 3 (2, 6, 7, 8, 9 ,11, 12, 13, 14, 16) 3-2 Develop your own model of the steps in the planning process. First, planning process is a set of steps and strategies to achieve a goal or an aim. The planning process may consist of a missions and visions to help in achieving the objectives that must be identified in an earlier stage. Steps that are required in the planning process include: 1. Start with addressing the mission of this project. 2. Create alternatives ways to archive this mission. 3. Examining each alternative by creating different scenarios for each one. 4. Evaluating each alternative by consulting with experts. 5. Selecting a final approach to accomplish your mission. 6. Evaluate every step and this†¦show more content†¦6. At the end of the period, superior and subordinate meet again to evaluate the subordinate success in meeting assigned goals. 7. In the review session superior and subordinate should end mutually establishing a new set of objectives for the following period. Types of areas use for measuring within an MBO include: 1. Market Share – the ratio of dollar sales to the total sales of all competitive products in a specific market. 2. Innovation – to continually search for new products and services to provide to customers. 3. Productivity Quality – measure the capability to produce goods and services within quality requirements. 4. Physical financial resources – developing goals for the organizations resources ( plant, equipment, inventory, capital) to effectively compete in the market place. 5. Manager performance and development. Developing and supporting goals in areas of recruitment, training, and evaluation. 6. Worker performance and attitude – company officials must tap into their educated workforce by motivating and challenging it. 7. Profitability – establishing a level of profitability by which is use to measure success and profitability. 8. Social responsibility – developing responsibilities towards customers, employees, suppliers, community, and society as a whole. 3-7 For what types of employees or positions do you think management by objectives (MBO) should prove particularly effective? ineffective.?Show MoreRelatedProject Management Methodologies For The Development Essay981 Words   |  4 PagesCHAPTER TWO LITERATURE REVIEW INTRODUCTION The first chapter introduced the research problem that raised the question of whether adaption project management methodologies can be tailored down to Nigerian SMEs. This chapter presents the academic literature pertinent to the research, and places it in context of the research. 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