Policy statement, Project Management

Assignment Help:

Policy Statement

Policy statements are necessary to clarify intentions, describe the policy administration process and define policy particulars. Policy statements protect an organisation from misunderstanding that may lead to unauthorised behaviour or lawsuits.

There are three main parts of a policy statement. The first part of a policy statement gives an overview of a policy and the intention for its creation. An organisation can have different policy statements that address different areas. The second part of the policy statement describes to whom the policy applies, who monitors the adherence of the policy and the process, and to whom an appeal has to be addressed in case of disagreement.  The third part of the policy statement should describe the entire policy in detail, the policy application process, how misunderstandings should be sorted out, and the term (time period) for which the policy will remain effective. The main purpose of policy statement is to avoid confusion by making the expectations clear. Let us list out the salient features of policy statements:

  • Should have well defined objectives within an accountability framework.
  • Should be approved in accordance with project approval requirements.
  • Should employ sound project management principles.
  • Should be adequately resourced by departments.
  • Should have a comprehensive and coordinated definition of the overall scope of the project.
  • Should be managed in a manner sensitive to risk, complexity and economy of resources.

Related Discussions:- Policy statement

Change in scope of statement, Q. Brandi is working as a project manager on ...

Q. Brandi is working as a project manager on a software project. About halfway through development, her team concludes that they had not estimated enough time for some of the techn

Market testing and commercialization, Q. Market Testing and Commercializati...

Q. Market Testing and Commercialization? The new products are tested in  the  markets on four parameters:  trial, first purchase, adoption, frequency  and volume. This test mar

Challenges in quality management, Question 1: Describe - Expected Quali...

Question 1: Describe - Expected Quality, Design Quality and Actual Quality and how they influence the customer satisfaction. A Defining Expected Quality, Design Quality a

Risk, Choose an organization of your choice and briefly describe the main r...

Choose an organization of your choice and briefly describe the main risks to which development projects are exposed

Operating cycle , using the operating cycle and any other financial managem...

using the operating cycle and any other financial management knowledge,discuss the applicabilty of such cycle to poultry

Determine acceptance criteria for a project derived, From what product must...

From what product must the acceptance criteria for a project is derived and why? The acceptance criteria must be derived by the Requirements Specification that is where the use

Need for safety, Need for safety 1. Cost Saving: Two type  of costs ...

Need for safety 1. Cost Saving: Two type  of costs  are incurred by the management  when an accident  occurs. There are the  direct  costs in the  form  of compensation paya

Project closure, Project Closure   Project closure is the last stage of ...

Project Closure   Project closure is the last stage of the Project Life Cycle. The beginning of the Project Closure Phase is analysed by the completion of all project objectives

Explain dupont formula, While the industry average ROE is about 15%, averag...

While the industry average ROE is about 15%, average profit margin of 50%, asset efficiency of 10%, and leverage ratio of 3, the ROE for ABC, Inc., using data from January 2011, wa

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd