Description
It is the process of recognizing and rewarding desirable behaviors in an organization.
It is used in (Human) Resource Management during the Executing phase while developing the team.
The main rationale behind this to make the employee feel appreciated for the work he or he is doing. It is usually part of the HR policy in many organizations. The benefits and rewards come in the form of medical facilities, appreciation letters/certificates, cash incentives, special location of service, provision of special cubicles in the office, and more. The rewards are given periodically – weekly, monthly, quarterly, or annual basis. Some rewards are given on the basis of achieving some milestones at any time.
It is used in (Human) Resource Management during the Executing phase while developing the team.
The main rationale behind this to make the employee feel appreciated for the work he or he is doing. It is usually part of the HR policy in many organizations. The benefits and rewards come in the form of medical facilities, appreciation letters/certificates, cash incentives, special location of service, provision of special cubicles in the office, and more. The rewards are given periodically – weekly, monthly, quarterly, or annual basis. Some rewards are given on the basis of achieving some milestones at any time.
It is an independently-used project management tool.
Where it is Used
Process Groups
This tool is used in the following Process Group(s) during the project management
Executing
Knowledge Areas
This tool is used in the following Knowledge Areas during the project management
Project Resource Mgmt.
Activities
This technique is used while performing the following project management activities by the project manager and the team
Develop Team
Process Group | Knowledge Area | Activity |
Executing | Project Resource Mgmt. | Develop Team |
Copyrights Reserved (MyPMP)
Related Posts:
- TO-COMPLETE PERFORMANCE INDEX – TCPI – PMP Tools and Techniques
- STRATEGIES FOR OPPORTUNITIES – PMP Tools and Techniques
- TRAINING – PMP Tools and Techniques
- PROBLEM SOLVING – PMP Tools and Techniques
- REPRESENTATIONS OF UNCERTAINTY – PMP Tools and Techniques
- PROJECT REPORTING – PMP Tools and Techniques
- PROTOTYPES – PMP Tools and Techniques
- INSPECTION – PMP Tools and Techniques
- INFORMATION MANAGEMENT – PMP Tools and Techniques
- FINANCING – PMP Tools and Techniques
- COMMUNICATION TECHNOLOGY – PMP Tools and Techniques
- AGILE RELEASE PLANNING – PMP Tools and Techniques