Two months ago Harry was asked to prepare cash budget with a very short notice. He did an excellent job and handled it before the due date. However his supervisor didn’t even notice that it was a very good job, he immediately assigned another hard job. The managers had treated Sue in the same manner last year. Now Sue has been asked to prepare a feasibility report for the new production facility that the firm was thinking of building. Although it is a hard job, Sue thinks that she will be able to prepare a very good report. However she is very unwilling to prepare it and although time is limited she hasn’t even started to prepare. Sue and Harry began to discuss their supervisors. They thought that their supervisor doesn’t care about their well-being, but he is ready whenever supervision is needed. He clarifies the tasks well, and helps the employees to solve problems related to the job but otherwise, he never interferes. On the other hand, the leader doesn’t let employees try new things and take decisions on important matters. What would you do in order to increase Sue’s and Harry’s motivation?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Two months ago Harry was asked to prepare cash budget with a very short notice. He did an excellent job and handled it before the due date. However his supervisor didn’t even notice that it was a very good job, he immediately assigned another hard job. The managers had treated Sue in the same manner last year. Now Sue has been asked to prepare a feasibility report for the new production facility that the firm was thinking of building. Although it is a hard job, Sue thinks that she will be able to prepare a very good report. However she is very unwilling to prepare it and although time is limited she hasn’t even started to prepare. Sue and Harry began to discuss their supervisors. They thought that their supervisor doesn’t care about their well-being, but he is ready whenever supervision is needed. He clarifies the tasks well, and helps the employees to solve problems related to the job but otherwise, he never interferes. On the other hand, the leader doesn’t let employees try new things and take decisions on important matters.
What would you do in order to increase Sue’s and Harry’s motivation?
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