StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Portfolio Project Part 6 - Assignment Example

Comments (0) Cite this document
Summary
Portfolio project Name Institution Portfolio Project Performance management is the process that significantly influences organizational success. Managers and employees work hand in hand and as a team to set goals, objectives review outcomes and reward performance…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
Portfolio Project Part 6
Read TextPreview

Extract of sample "Portfolio Project Part 6"

Download file to see previous pages In order to measure the performance of an accountant, it is significant to use the critical incident and BARS methods. A combination of these methods would sufficiently measure the performance of an accountant in the company. A performance management should be able to give employees unbiased, constructive feedback on their performance. In order to ensure success of performance management of an accountant, reviews and measurement of the worker are normally done annually. Measure of improved performance The following combined methods will be used to measure the performance of an accountant i. Critical Incidents ii. Work Standards iii. Straight or Simple Ranking iv. Paired Comparisons v. Rater distribution Using the straight or simple ranking, the accountant will ranked according to overall performance. He or she will be compared with other employees. In addition, all comparison will be based on single criterion, such as overall performance. This is effective because it Compares performance of each employee with every other employee in the group. Using the forced distribution method, I will be able to understand how the accountant has performed. This is because the rater assigns individual in work group to a limited number of categories similar to a normal distribution. Further, it assumes all groups of employees have the same distribution (Mondy & Mondy 2010). In rating work quantity of the accountant, i will give careful consideration things such as effect of employee on the general flow of work, amount of work produced in terms of the specific job especially annually, employee’s application to the job, and skill in handling specific assignments of the company. I will award the score as follows: poor, 1 to 6 points; average, 7 to 18 points; good, 19 to 25 points. In turn, I will be able to understand if the accountant has improved performance or not (Smith & Mazin, 2004). BARS and performance evaluation The Critical Incident Method is a form of performance appraisal method that requires an individual to keep records and all relevant information of both good and bad employee work behaviors. In case a critical incident influences the company’s ability to operate either negatively or positively, the manager records the information. The BARS method is very effective in portfolio management of workers since it is easy to monitor the actions or behaviors of the worker while at work (Mondy & Mondy, 2010). For instance, when an employee misuse the company resources for personal use, it is easy to report the case to the manager. When it comes to accounting, this method is applicable in the sense that when an accountant makes valuations and evaluation of the company’s expenses and profits for a week, month, or a year, it is easy to monitor the trend of their actions. If the accountant kept the records in a timely way, the management can easily detect problems in their financial system and come up with ways to improve its financial control systems. The BARS especially the critical incident method can also be applied as a means of job analysis in the sense that it helps analysts to determine actions that are focused on work and other work activities. It helps in making an entire analysis of work and permit transparent performance leading actions to be targeted (Smith & Mazin, 2004). In evaluating performance of a worker, it is vital to have job description and specification. This is because Job descriptions offer precise and a concise ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Portfolio Project Part 6 Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/human-resources/1491755-portfolio-project-part
(Portfolio Project Part 6 Assignment Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/human-resources/1491755-portfolio-project-part.
“Portfolio Project Part 6 Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/human-resources/1491755-portfolio-project-part.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Portfolio Project Part 6

Analysis of the Key Factors Leading to a Successful Project

Theorists also have given their opinion regarding the nature of planning a successful project. The combined study of all the works of others and analysis of the previous projects would give a better vision regarding what is a successful project plan. As an executive summary has to say the following, regarding the factors or key factors that lead to a successful project.

The success begins from the point of how we select the scope of the project or to be more precise on how we clearly understand the scope of the project. And organizing the project plays a prominent role in its success. Concentrating on the impact will also work possible for the success of the project. The Executive Summary says that the project should be...
8 Pages(2000 words)Business Plan

The Use of Logical Framework in the Project Cycle: Is it an Essential Tool

Dijkzeul & Beigbeder (2003: 209) define logical framework as “a tool which provides a structure for specifying the components of a program, and the logical linkages between a set of means and ends”. Thus it describes a project in a logical fashion and is a way of testing the logic of a plan of action. Project work when conceived in the form of a project cycle with consecutive phases simplifies the enormity of the task by tackling each phase of the work as an independent unit in itself. Each stage of development in any project requires the performance of a particular area of the work so that the project is completed in a series of phases (Hira and Parfitt, 2004: 34).

All development agencies have become a...
11 Pages(2750 words)Report

Photo Collage Project Responces

A collage is something that speaks of one particular situation or theme and yet it is composed of many parts.  Thus, an artist doesn’t only take one good shot of a particular scene but of many several scenes because he still has to put it together to make a new harmonious picture. The title of my collage is Desolation; which means something that is unhappy, ugly or deserted. So to start my college I went to different places to take the perfect pictures. I went to Alba, to a power plant, to Sitra, and to many other places. I had fun traveling but it could also be tiring at times. The excitement is always there, however, it could also be frustrating as I always had to explain why I am taking pictures. People tend to becom...
12 Pages(3000 words)Assignment

My College Education and Internship Project

As I complete my education at Touro College it indicates that I am taking the first step towards launching into a full-fledged career. It not only signifies the end of my education but also my readiness to begin working and contribute to the world in general. I believe that my internship at Web fact, a technology company, has made me apply the concepts and skills that I have learned during my college education. The application of the theory that I learned in college in my internship helped me put my education in perspective. 

I am in my 5th semester of the Bachelor’s degree in Management and International Business at Touro College, Berlin. I find it exciting to study in English and getting an international pe...
9 Pages(2250 words)Coursework

The Work Breakdown Structure and its Advantages in Project Planning

A typical construction project involves a WBS that evolves from an initial task that is successively subdivided into smaller work blocks until the lowest level is reached, indicating a tree-like structure. Subdividing the project breaks down the project work effort into packages that are both manageable and independent. It connotes that the lowest level of the package corresponds to the smallest project work, which requires the shortest completion time periods. As WBS shows the relationship of all elements of a project, a sound basis for cost and schedule control is provided.

Some lists of project activities involved in WBS include budgeting, cost allocation, time allocation and management, and quality assurance. These...
11 Pages(2750 words)Report

Billing System Upgrade with Web-Based Version Project of Rick Auto Enterprises: A Communication Plan

The project is envisioned to involve changes to existing business processes, changes to existing jobs, and/or the creation of new positions. With the new web-based version, customers and auto brokers will be able to view and pay their bills online, as well as access a billing customer service agent is required. This change will affect the billing, sales, and customer service departments but it is expected to reduce costs, improve customer satisfaction, and reduce the number of days for outstanding accounts receivable.
Ownership of the existing system rests with the Billing Department. However, with the benefits projected to be derived from the upgraded system, especially with the implantation of the web-based version, the Cus...
12 Pages(3000 words)Case Study

Project Risk Assessment: Qualitative Versus Quantitative Approach

The risks may vary in terms of nature or scope according to the situation. So since the risk is so common in project management, a very important aspect of managing a project is analyzing all the possible risks that are associated with that particular project. It makes no sense of going on with a project and not giving a thought to the risks that could affect the success. Once these risks are analyzed, the project manager will have all the possible risks in front of him. He will know the degree of risk and also the benefits that the organization will get if the risk is taken. Therefore only after a risk analysis, the project manager is in a position to conclude whether or not it is worth taking the risk and going on with a certain...
6 Pages(1500 words)Assignment

Project Management: Best Practices and Stakeholders Perspective

Employees of functional divisions are assigned or detailed to a specific project and then re-assigned back to the organization when the project is completed.
Project management is defined by the Project Management Institute (PMI) as the application of knowledge, skills, tools, and techniques to project activities to meet project requirements; and its methodology as the planning, monitoring, and control of all aspects of the project and motivation of all those involved in it to achieve the project objectives on time and to the specified cost, quality, and performance.” Being a temporary, one-time endeavor, it differs from the organization's operations and processes which are its current and permanent work to create a pro...
6 Pages(1500 words)Literature review

Developing Professional Practice Portfolio

I work in a very busy outpatient department that includes many different clinic settings.  Most recently, the oral surgery, maxillo-facial surgery, and plastic surgery departments have become part of our directorate as a result of reorganization with in the trust. Although I have always considered myself to be a competent, confident professional, I found working in this reorganized department very stressful. The unit seemed to be very poorly organized with staff shortages and inadequate facilities. I was most surprised to discover that there were no documented records for patient wound care services provided in the clinic. I found this latter situation to be unacceptable from a professional standpoint. Some of the patients in...
6 Pages(1500 words)Essay

Project Planning Human Capital

Project planning involves a lot of factors and areas that we need to address for the effective management and handling of the project. The aim of this report is to provide a deep insight into some of the main areas that we need to address for the project of Adams's family farmhouse renovation. These issues are project team communication, project risk management, and deadline handling. Effective communication in a project provides a huge advantage regarding the better working and handling of the project. I have selected a very significant project regarding the preservation of the old and historical places. Here we require effective communication to provide better interaction among the designer, developers, and history preservation...
8 Pages(2000 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Portfolio Project Part 6 for FREE!

Contact Us