Project Management Articles
Ways to Reward Employees and the Project Team
As a Project Manager do you give much thought as to ways to reward employees - although more likely as a Project manager it would be ways to reward your Project Team. Depending on your organisational structure it may not be within the power of the Project Manager to give pay rises, so here are some suggestions as to different forms of renumeration
One of my favorite ways to reward high performing employees is with public recognition. Whether you run a pizza joint or a Fortune 500 company, never underestimate the significance of public recognition. By praising an employee in front of his peers, you indicate what types of behavior are most valued and give your employee increased esteem to recognize his good work. This is no small motivating factor, and can inspire hard workers to work even harder.
Of course, bonuses are a great way to reward employees. These awards don't have to only come in the form of money, however. Some of the most popular ways to reward employees in lower paid industries are with tickets to various events, but these methods can also be transferred to higher-level positions. Why not give your top...
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Help in Writing A Business Case
First of all try and define the problem that the business case is addressing in as simple a way as possible by performing a root cause analysis. You may be able to demonstrate the symptoms but are the symptoms hiding something fundamental underneath? .. then examine ...
• Are there any alternative solutions? (hint:- there is always one alternative which is to do nothing). List each of the alternative solutions and try and describe the benefits (tangible and intangible), cost impacts, feasibility, risks and issues.
• Including ‘do nothing’ for comparison purposes and attempt to quantify it in the same way as the preferred solution (this is always a good way to help quantify the solution being proposed).
• Identify quantifiable savings which could be made through the business case (eg: headcount reduction, real estate costs etc)
• Quantify whether the business will avoid having to spend any planned money by executing the business case (cost avoidance) eg: not having to take on new resources etc
• Document (and if possible quantify) any additional business benefits such as customer satisfaction, staff morale etc.
• Clearly demonstrate cost of implementing against the cost savings if...
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