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

How to achieve competitive benefit, DF Company, a relatively new company, i...

DF Company, a relatively new company, is in the business of designing and building farm equipment and machinery. Whilst it has been winning in its first few years of operation, sal

Disadvantages of procedures-planning function, Disadvantages of Procedures ...

Disadvantages of Procedures 1) Procedures tend to inhibit rational and logical thinking. The assumptions in the basis of which a procedure was designed might not obtain in all ci

Analysis of line balancing problems, Analysis of Line Balancing Problems ...

Analysis of Line Balancing Problems The procedure involves the followings steps: Determine the number of work stations and time available at each work stations.

Advantages of rules-planning function, Advantages of Rules In addition ...

Advantages of Rules In addition to the general societal advantage of rules referred to above, the organization and its employees can derive the following benefits from the inst

Elaborate the project communication management processes, Question : (a...

Question : (a) Project communication plan involves the generation and distribution of project documentation among stakeholders and is considered as the driver of the project co

Project management and leadership, Scenario Even ‘well run' organisations c...

Scenario Even ‘well run' organisations can fail to stay atop of their industries when they are challenged by certain market or technology change. Change is an imminent part of busi

What are the disadvantages of critical path analysis, What are the disadvan...

What are the disadvantages of critical path analysis? Disadvantages of critical path analysis (CPA): a. Supposes a trade off among time and money but most staff cost coul

Discuss the project management knowledge areas, Question: (a) Project ...

Question: (a) Project Integration Management refers to the integration of the nine knowledge areas and project phases involved in coordinating project activities to ensure th

Risk management plan , Creating a Risk Management Plan  The main aim of...

Creating a Risk Management Plan  The main aim of risk management is to develop a well-structured approach to deal with any kind of uncertainty, which create threats in the proj

Explain the new performance management system, Question 1: (a) How does...

Question 1: (a) How does Training differ from Development? (b) Elaborate on the different training methods, highlighting their relative advantages and disadvantages. Ques

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