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

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

Multilpe choice questions, Which of the following statements about variable...

Which of the following statements about variable and fixed expenses, as they relate to relevance , is/ are true? (1) Variable expenses may or may not be, relevant costs? (2) Varia

Scheduling, external factors affecting scheduling

external factors affecting scheduling

Project lifecycle for the training centre project, T Company has identified...

T Company has identified a need for, and made a decision to open, a new training centre in one of the major cities in E Country. This is a large scale project for T Company and it

Factors affecting process design - level of product, Factors affecting Proc...

Factors affecting Process Design - Level of Product In today marketing environment mass produced products with high product quality offer a better competitive edge to the manu

Strategies that a project manager implement to project risk, Explain TWO st...

Explain TWO strategies that a project manager might implement to address a project risk.   Risk avoidance - this strategy would be 'exiting the method that is giving rise to

Cost targeting, Cost Targeting Cost targeting is the pricing method whi...

Cost Targeting Cost targeting is the pricing method which has to be used by the firms. It is defined as the cost management tool used for reducing the overall cost of the produ

Effects and four types of risks in engineering projects, Question Using...

Question Using a project drawn from your own experience, discuss the following- (a) What are the two primary stages of risk management of a project? (b) What are the four

Importance of power in project management, Probelm 1: a) Elaborate on t...

Probelm 1: a) Elaborate on the Verma;K(1996) model for effective human resource management and explain its importance in managing projects. b) According to the Verma; K(1996

Outline at least three steps common to pert and cpm, QUESTION (a) Feasi...

QUESTION (a) Feasibility Study is a preliminary study undertaken before a real work of a project start what factors should the project manager take into consideration while con

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