Analysis Of The Companies Performance Management System

Analysis of the companies’ performance management system The performance management system of all the companies mentioned below is analyzed and a suggestion is given at the end to support the same. Name of the companies: * Accenture * Ernst n Young * Yamaha Motors Name of the Company Industry Number of Employees Frequency of PM System Number of Ratings Accenture Consulting, Technology and Outsourcing 330,000 Mid-year and annual 5 Ernst n Young Consulting, Audit Practice 212,000 Mid-year and annual 5 Yamaha Technology and Manufacturing 300,000 Mid-year and annual Grade System (A,B,C,D) When we observed the performance management systems of the companies mentioned above, we found certain similarities amongst them. The ex-employees underwent a survey, which can explain their current practice and critically analyze the issues related to the practice in the organizations. The Performance Management designed by the committee in the organizations, which comprises of the human resource people and the top management. Nowadays a psychometric test is an essential part of the performance appraisal system, which was not visible in the system described by the ex-employees of the companies listed above. The performance management starts with the recruitment of the personnel but the main appraisal takes place mid-yearly or annually or in some cases both. A fair and unbiased appraisal of all the employees should be the core part of the performance management process. All of theShow MoreRelatedEmployee Performance Management At International Operations1621 Words   |  7 PagesInt roduction Given that the essential mission of a human resources management department is to maximize employee contribution in service of an employer s strategic objectives we could say that therefore managing employee performance is one of the core mission of a human resources department. 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This Rhetorical Analysis Will Be Focusing On Two...

This rhetorical analysis will be focusing on two advertisements. The first is â€Å"Top Gear: Ice-Cream† by the agency Selmore and the second is â€Å"the back seat slingshot ad†, for which I do not know it’s real title, by the agency Clement BBDO. The first advertisement depicts the importance of seat belts by using an analogy between children and ice cream. In this ad, an adult, presumably a man, is driving on a nice day with a splattered pink ice cream cone on the windshield. The first thing the audiences eyes go to in this picture is the ice cream because it is the most profound color of a pinkish-red versus the blues and grays of the sky and dashboard. The second advertisement also depicts the importance of seat belts. The billboard is set in†¦show more content†¦Children are typically the ones who sit in the back seat of a car. Also, ice cream is a sign of innocence and children are innocent. What the picture is showing is that the ice cream flew f orward and slammed into the windshield by what the audience can assume is that of the brake’s slamming. If children are not buckled up and the driver has to slam the brakes of the car for any reason, this ice cream could easily be them. The point of this is to appeal to the emotion of drivers and parents to make sure they protect their children when driving. I noticed something new after I tilted my computer screen when looking at this photo. Just under the ice cream in the windshield, there is an image of the back of a car. It looks as if it’s a ghost figure. In the back windshield of the ghost car, the shape of the driver and passenger are visible. I see this not just pertaining to the children or people in the primary car. Drivers also have to think about the people in the other car because their decisions affect them too. A similar advertisement was found created by Clement BBDO in Australia. 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Infocom Technologies and Optimization - MyAssignmenthelp.com

Question: Discuss about the Infocom Technologies and Optimization. Answer: Introduction Schwalbe (2015) stated that various industries such as energy and power generation, IT services and mining sector faces lack of competition into the marketplace as the companies are not updating and revising their project management methodologies. The companies require customizing the project management processes based on PMBOK and Prince2. In order to compete into the marketplace, a decision is taken regarding the adoption of PRINCE2 and Waterfall project management methodologies into various industries (Kerzner 2017). The methodologies divide the projects into convenient in addition to controllable stages. The report summarizes the project management methodologies such as PRINCE2 and waterfall project management methodologies in the business organization so as the organization can able to develop new product and services, establishment of new production line into the manufacturing industries, development of application of the information management systems and allows the enterprise teams to work into partnership in managing of project work by synchronization of team related activities. Adoption of project management methodologies In the organization, project management methodologies are required to outline the project document, initial document on project charter and feasibility report requires to complete to check if the project work is feasible or not. Project scope statement outlines what will have to be done by creation of project charter to define the scope and critical success factors (Yao 2016). Review of the project scope and revised scope statement is a strategy for successful adoption of the methodologies. Completion of the project decomposition results into work breakdown structure and performing of resource allocation for each of the project tasks are also an importance of development of new services (Kononenko, Aghaee and Lutsenko 2016). Improvement of services from perspectives of people who use of the services, delivery of integrated services to the project individuals, provides the employees with organizational structure which support responsibilities to develop competent workforces and releva nce of the learning are also project requirements. Parker et al. (2013) demonstrated that PRINCE2 is a detailed set of methods providing with structured, responsibilities as well as defined artifacts. The project manager requires communicating and doing the organizational work. A PRINCE2 framework concludes that the project should have prepared as well as controlled start. The benefits of this methodology are that it is predictable and utilized with best practices, standardizes with each aspects of the project to make sure that there are no chances of miscommunication and no licensing fees attached and this methodology meets the need of organization to develop the methodologies for project management (Verma, Bansal and Pandey 2014). Apart from the benefits, there are some issues such as lack of leadership and inability of organization to introduce of PRINCE2 methodology, not able to provide specialist aspects and detailed techniques, change management in this methodology is difficult as PRINCE2 is procedure oriented and focused on co mprehensive planning and also heavy documentation needs more time. According to the principles of the PRINCE2 methodology, each of the projects is supported by the continued business justification that is valid during the project lifecycle. The justifications are based on cost, time as well as quality (Boud, Cohen and Sampson 2014). Each of the project team members involved into the project is assigned with proper roles and responsibilities such that there are no possibilities of confusion related to distribution of work and methods. PRINCE2 encourages the project management by the stages. Based on the PRINCE2 methodology, the project consists of two stages, start up the project as well as project initiation stages (Karaman and Kurt 2015). The principles of project management are based on quality of the product. The main focus of the project manager is development of the products and services and maintaining of the quality standard across the projects. Waterfall methodology This particular methodology is a method to develop the software into the organization. This model considers a theoretical way to develop the software. In the requirement analysis phase, it captures all the project related requirements (ulha and Do?ru 2014). It does brainstorming to understand the project requirements. Based on the project requirements, the design is created. All hardware as well as software requirements are captured (Svejvig and Andersen 2015). The design is created based on the programs and codes and there is integration of unit testing to ensure that all expected work are done properly. It is ensured that the test exit criteria are being met and all the applications are up and running into respective environments (Singh and Lano 2014). Review of the project scope and revised scope statement, completion of the project decomposition results into work breakdown structure, performing of resource allocation for each of the project tasks and project execution document ba sed on time, cost, quality and change management are the outputs of the project life cycle management. This waterfall methodology is simple to implement and minimal amount of resources needed (Jain and Joshi 2016). After each stage, there is generation of output, hence it is highly visibility. There is efficient project management methodologies adoption at interval and client level. Setting of deadlines for completion of every stages and timely evaluation are done to check for project milestones (Golini, Kalchschmidt and Landoni 2015). Apart from the benefits, there are issues regarding it does not permit scope changes, does not permit for any type of business requirement changes, there is no working product until the completion of the project and unable to handle the unidentified risks easily. Conclusion It is concluded that PRINCE2 methodology is an intended, standard and stage oriented project management methodologies whereas the waterfall model is earliest SDLC approach used for the software development. It demonstrates of the processes of software development into linear sequential flow. The project management life cycle phase executes, begins when the team members begin to work on the project tasks assigned from the side of the project manager. The manager checks for to make sure that the project is being completed on the planned schedule. The person makes sure that the expenses are being accounted for the activities. References Boud, D., Cohen, R. and Sampson, J. eds., 2014.Peer learning in higher education: Learning from and with each other. Routledge. ulha, D. and Do?ru, A., 2014, April. Towards an agile methodology for business process development. InInternational Conference on Subject-Oriented Business Process Management(pp. 133-142). Springer, Cham. Golini, R., Kalchschmidt, M. and Landoni, P., 2015. Adoption of project management practices: the impact on international development projects of non-governmental organizations.International Journal of Project Management,33(3), pp.650-663. Jain, S. and Joshi, H., 2016, September. Impact of early testing on cost, reliability and release time. InReliability, Infocom Technologies and Optimization (Trends and Future Directions)(ICRITO), 2016 5th International Conference on(pp. 318-322). IEEE. Karaman, E. and Kurt, M., 2015. Comparison of project management methodologies: prince 2 versus PMBOK for it projects.Int. Journal of Applied Sciences and Engineering Research,4(5), pp.657-664. Kerzner, H., 2017.Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley Sons. Kononenko, I., Aghaee, A. and Lutsenko, S., 2016. Application of the project management methodology synthesis method with fuzzy input data.Eastern-European Journal of Enterprise Technologies,2(3 (80)), pp.32-39. Parker, D., Charlton, J., Ribeiro, A. and D. Pathak, R., 2013. Integration of project-based management and change management: Intervention methodology.International Journal of Productivity and Performance Management,62(5), pp.534-544. Schwalbe, K., 2015.Information technology project management. Cengage Learning. Singh, R. and Lano, K., 2014. Literature Survey of previous research work in Models and Methodologies in Project Management.International Journal of Advanced Computer Science and Applications,5(9), pp.107-122. Svejvig, P. and Andersen, P., 2015. Rethinking project management: A structured literature review with a critical look at the brave new world.International Journal of Project Management,33(2), pp.278-290. Verma, J., Bansal, S. and Pandey, H., 2014. Develop Framework for Selecting Best Software Development Methodology.International Journal of Scientific Engineering Research,5(4). Yao, Y.A.O., 2016. The Rational and Behavioral View in Project Management.DEStech Transactions on Social Science, Education and Human Science, (icss).