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

Illustrate an example of a critical path given by activity, Illustrate an e...

Illustrate an example of demonstrating a network or critical path by given activity and duration. Activity                      Duration (Wks)                   Precede

Organization of material management, Organization of Material Management: ...

Organization of Material Management: To  facilitate  planning direction  control and co ordination of  various activities  related to material in an  enterprise  thee should

Wood, what is the maniipulated variable in a wood experiment

what is the maniipulated variable in a wood experiment

Determine the critical path by activities and duration, Determine the criti...

Determine the critical path by activities and duration. Activity          Duration (Wks)       Preceded by A                     5                               -

Management, Ask question #MinimumIn its first year, “ABC Co” had the follow...

Ask question #MinimumIn its first year, “ABC Co” had the following experience Sales = 50,000 units Selling price = br. 50 TVC = br. 1,000,000 TFC = br. 250,000 Required: A. Devel

Project risk, Identifying Project Risk  Risk identification is a proces...

Identifying Project Risk  Risk identification is a process which determines the types of risks that have potential impact on a project. The risk identification is an ongoing pr

Define the term risk in risk management, Define the term risk in risk manag...

Define the term risk in risk management. Risk: It is the probability or chance of something which may or may not arise; this is something that can be quantified by using s

Performance measurement - elements of tqm, Performance measurement: Pe...

Performance measurement: Performance measurement needs to be based upontimely measures of, and feedback on, performance. It provides information ontoday's service and gives an

Process selection - tqm, Once the process capabilities of available proc...

Once the process capabilities of available processes are known the process selection is then just a question of matching the process capability with the tolerance specified

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