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INTRODUCTION TO
PROJECT MANAGEMENT
LEARNING OUTCOMES
After attending this chapter you will be able to understand
o Project & its types
o Difference between project and routine work.
o Project Management & its Importance .
o Project Management Knowledge Areas
o Project Management and its life cycle or Stages.
o Role of strategy in projects management.
o Key Players of project and their roles
ICE BREAKING
o How many of you have been involved in a project?
o Anyone serve as a project manager?
o How do projects differ from ordinary work?
o What makes project work more difficult?
o How important is project management?
o What constitutes success in projects and how do we
achieve it?
WHY PROJECT MANAGEMENT?
o Coordinate the various interrelated processes of
the project.
o Ensure project includes all the work required, and
only the work required, to complete the project
successfully.
o Ensure that the project is completed on time and
within budget.
o Ensure that the project will satisfy the needs for
which it was undertaken.
o Promote effective communication between the
projects team members and key stakeholders.
o Ensure that project risks are identifies, analyzed,
and responded.
ADVANTAGES OF PROJECT MANAGEMENT
o Better control of human resources
o Improved customer relations
o Shorter development times, lead times
o Lower costs
o Higher quality
o Higher profit margins
o Improved productivity
WHAT IS PROJECT ?
A project is a sequence of Unique, Complex
and connected activities having one goal or
purpose must be completed by a specific
time, within budget, and according to
specification.
KEY CHARACTERISTICS OF PROJECTS
• A project has boundaries, so its extent is defined.
• A project is a one-time effort, usually requiring finite
resources.
• There are distinct start and end dates for projects.
• You know when you have reached the end of the
project.
TYPES OF PROJECTS.
o Educational Projects.
o Engineering and technology Projects.
o Construction projects.
o Business projects.
o Service Projects.
o Marketing Projects.
o HR Projects.
DIFFERENCE BETWEEN PROJECT AND PROGRAM
CHARACTERISTICS OF A GOOD PROJECT
The major characteristics of a project are as follows:
1. An established objective.
2. A defined life span with a beginning and an end.
3. Usually, the involvement of several departments and
professionals.
4. Typically, doing something that has never been done before.
5. Specific time, cost, and performance requirements.
PROJECT MANAGEMENT.
Project management is the process of achieving set goals with in
the constrains of time, budget, and staffing restrictions. It allows
you to get the most out of your available resources.
In Short
It is the process of defining, planning, organizing, leading and
controlling the development of a project.
PROJECT MANAGEMENT HELPS YOU ANSWER
QUESTIONS SUCH AS:
What is to be done?
Who will complete the task?
When must it be done?
How much will it cost?
What happens if work isn’t completed on time?
WHAT ARE THE CRITERIA FOR SUCCESS IN
PROJECT?
o Completion on time
o Completion within budget
o Completion with full functionality
PROJECT MANAGEMENT
KNOWLEDGE AREAS
Project Integration
Management
o Project Plan
Development
o Project Plan Execution
o Integrated Change
Control
Project Scope
Management
o Initiation
o Scope Planning
o Scope Definition
o Scope Verification
o Scope Change Control
Project Time
Management
o Activity Definition
o Activity Sequencing
o Activity Duration
o Estimating
o Schedule Development
o Schedule Control
Project Cost
Management
o Resource Planning
o Cost Estimating
o Cost Budgeting
o Cost Control
Project Quality
Management
o Quality Planning
o Quality Assurance
o Quality Control
Project Human
Resource Management
o Organizational
Planning
o Staff Acquisition
o Team Development
Project Communication
Management
o Communications
Planning
o Information
Distribution
o Performance Reporting
o Administrative Closure
Project Risk
Management
o Risk Management
Planning
o Risk Identification
o Qualitative Risk
Analysis
o Quantitative Risk
Analysis
o Risk Response
Planning
o Risk Monitoring and
CONTROL,
Project Procurement
Management
o Procurement Planning
o Solicitation Planning
o Solicitation
o Source Selection
o Contract
Administration
o Contract Closeout
THE TIME MANAGEMENT MATRIX
21
•Exam tomorrow
•Friend gets injured
•Pressing problems
•Deadline driven
Projects, Crises
•Planning, goal setting
•Prevention
•Paper due in a month
•Exercise & relaxation
•Relationship building
•Too much TV
•Endless phone calls
•Excessive computer
• games
•Other time wasters
• Excessive chatting
•Unimportant phone calls
•Interruptions
•Some emails, trivial
issues
•Peer pressure
Stress
Quadrant
Value
Quadrant
Deception
Quadrant
Regret
Quadrant
Time
management
Just Do
It
Adopt
It
Delegate
It
Avoid
It
Strategies
DELEGATION ENABLES YOU TO DEVOTE YOUR ENERGY TO HIGH
LEVEL ACTIVITIES IN ADDITION TO ENABLING PERSONAL
GROWTH FOR INDIVIDUALS AND ORGANIZATIONS.
24
DELEGATIONS REQUIRES A CLEAR, UP-FRONT MUTUAL
UNDERSTANDING OF AND COMMITMENT TO
EXPECTATION IN FIVE AREAS.
25
1. Desired Results
2. Guidelines
3. Resources
4. Accountability
5. Consequences
PROJECT MANAGER
COMPETENCIES, SKILLS AND
LEVEL
Business Achievement
Competencies.
Business Awareness.
Business partner
Orientation.
Commitment to
quality.
Problem solving
Competencies
Initiatives
Information Gathering
Analytical Thinking
Conceptual Thinking
Influencing
Competencies
Interpersonal
Awareness.
Organizational
Awareness.
Anticipation of Impact.
People
Competencies.
Motivating others.
Communication Skills.
Developing others.
Monitoring and
controlling.
Self Management
Competencies
Self Confidence.
Self Management.
Concern of Credibility.
Flexibility.
CONFLICT-HANDLING INTENTIONS
Shark
Turtle Teddy bear
Owl
What's Your Score ?
Fox
36
The Competing
Shark
37
•Sharks use a forcing or competing conflict management style
•sharks are highly goal-oriented
•Relationships take on a lower priority
•Sharks do not hesitate to use aggressive behavior to resolve
conflicts
•Sharks can be autocratic, authoritative, and uncooperative;
threatening and intimidating
•Sharks have a need to win; therefore others must lose, creating
win-lose situations
Advantage Disadvantage
If the shark’s decision is correct, a
better decision without compromise can
result.
May breed hostility and resentment
toward the person using it.
38
Appropriate times to use a Shark Style:
when conflict involves personal differences that
are difficult to change
when fostering intimate or supportive relationships is
not critical
when others are likely to take advantage of noncompetitive
behavior
when conflict resolution is urgent; when decision is vital
in crisis
when unpopular decisions need to be implemented
39
The Avoiding Turtle
Turtles adopt an avoiding or withdrawing conflict
management style
Turtles would rather hide and ignore conflict than resolve it;
this leads them uncooperative and unassertive
May help to maintain relationships that would be hurt by
conflict resolution.
Conflicts remain unresolved, overuse of the style leads to
others walking over them.
Turtles tend to give up personal goals and display passive
behavior creating lose-lose situations
Advantage Disadvantage
May help to maintain
relationships that would be hurt
by conflict resolution.
Conflicts remain unresolved,
overuse of the style leads to
others walking over them.
Appropriate times to use a Turtle Style
:
when the stakes are not high or issue is trivial
when confrontation will hurt a working relationship
when there is little chance of satisfying your wants
when disruption outweighs benefit of conflict
resolution
42
The Accommodating Teddy Bear
42
•Teddy bears use a smoothing or accommodating
conflict management style with emphasis on human
relationships
•Teddy bears ignore their own goals and resolve
conflict by giving into others; unassertive and
cooperative creating a win-lose situation
Advantage Disadvantage
Accommodating maintains
relationships.
Giving in may not be
productive, bear may be
taken advantage of
44
Appropriate times to use a Teddy Bear Style
when maintaining the relationship outweighs
other considerations
when suggestions/changes are not important
to the accommodator
when minimizing losses in situations where
outmatched or losing.
•when time is limited or when harmony and stability are
valued
The Compromising
Fox
45
•Foxes use a compromising conflict management
style; concern is for goals and relationships
•Foxes are willing to sacrifice some of their goals
while persuading others to give up part of theirs
•Compromise is assertive and cooperative-result is
either win-lose, lose-win or lose-lose
Advantage Disadvantage
Relationships are maintained and
conflicts are removed.
Compromise may create less
than ideal outcome and game
playing can result.
47
Appropriate times to use a Fox Style
when important/complex issues leave no clear
or simple solutions
when all conflicting people are equal in power
and have strong interests in different solutions
when their are no time restraints
48
The Collaborating Owl
49
Advantage Disadvantage
Both sides get what they want and
negative feelings eliminated
Takes a great deal of time and
effort.
•Owls use a collaborating or problem
confronting conflict management style valuing
their goals and relationships
•Owls view conflicts as problems to be solved
finding solutions agreeable to all sides (win-
win)
50
Appropriate times to use an Owl Style
when maintaining relationships is important
when time is not a concern
when peer conflict is involved
when trying to gain commitment through consensus
building
when learning and trying to merge differing perspectives
COMPETENCY LEVELS:
Knowledge (I can define it)
Comprehension (I Understand it)
Application (I have used it)
Analysis (I know how each part works)
Synthesis (I can adopt it to other uses)
Evaluation (I know when to use it)
PROJECT
MANAGEMENT LIFE
CYCLE
STAGE 1:
Conceptualizin
g-and-Defining
STAGE 2:
Planning-and-
Budgeting
STAGE 3:
Executing
STAGE 5:
Terminating-
and-Closing
STAGE 4:
Monitoring-and-Controlling
STAGE 4:
Monitoring-and-Controlling
Project
overview
Statement
1-PROJECT OVERVIEW STATEMENT
o State the problem/Opportunity.
o Establish the Project Goal.
o Define the Project Objectives.
o Identify the Success Criteria.
o List Assumptions, Risk, Obstacles.
o Approval process.
2-PLANNING AND BUDGETING.
o Define WBS.
o identify Project Activities.
o Estimate Activity Durations.
o Set Milestones.
o Develop Relationships among Activities
o Gantt Chart
o Float and CPM (critical path method)
o Determine Resource Requirement.
o Analyzing Project NETWORK.
o Cost Estimation (Budgeting)
o Prepare Project Proposal
3-EXECUTING
o Recruitment and organize the project team.
o Level Project Resource.
o Schedule and Document work packages.
o Monitor and control progress.
o Close out the project.
4-TERMINATING & CLOSING
o Train Customer.
o Transfer Documents.
o Reporting.
ORGANIZATION STRATEGY
AND
PROJECT MANAGEMENT
Strategy is implemented through projects. Every
project should have a clear link to the
organization’s strategy
WHY PROJECT MANAGERS NEED TO UNDERSTAND STRATEGY
 The first reason is so they can make appropriate decisions and
adjustments.
 The 2nd reason project managers need to understand their
organization’s strategy is so they can be effective project
advocates.
THE STRATEGIC MANAGEMENT :
Strategic management is the process of assessing
“what we are” and deciding and implementing
“what we intend to be and how we are going to
get there.
” Strategy describes how an organization intends to
compete with the resources available in the existing
and perceived future environment
FOUR ACTIVITIES OF THE STRATEGIC MANAGEMENT PROCESS
The typical sequence of activities of the strategic management
process is outlined here; a description of each activity then follows:
1. Review and define the organizational mission.
2. Set long-range goals and objectives.
3. Analyze and formulate strategies to reach objectives.
4. Implement strategies through projects.
Organization Culture
and
Project management
WHAT IS ORGANIZATIONAL CULTURE?
Organizational culture refers to a system of shared
norms, beliefs, values, and assumptions which binds
people together, thereby creating shared meanings.
• Culture reflects the personality of the organization
and, similar to an individual’s personality, can enable
us to predict attitudes and behaviors of organizational
members
CHARACTERISTICS OF ORGANIZATIONAL CULTURE
1. Member identity—the degree to which employees identify with the
organization as a whole rather than with their type of job or field of
professional expertise.
2. Team emphasis—the degree to which work activities are organized
around groups rather than individuals.
3.Management focus—the degree to which management decisions
take into account the effect of outcomes on people within the
organization.
4. Unit integration—the degree to which units within the organization
are
encouraged to operate in a coordinated or interdependent manner.
5. Control—the degree to which rules, policies, and direct supervision
are used to oversee and control employee behavior.
6. Risk tolerance—the degree to which employees are encouraged to be
aggressive, innovative, and risk seeking.
7. Reward criteria—the degree to which rewards such as promotion and
salary
increases are allocated according to employee performance rather than
seniority, favoritism, or other nonperformance factors.
8. Conflict tolerance—the degree to which employees are encouraged to
air conflicts and criticisms openly.
9. Means versus end orientation—the degree to which management
focuses on outcomes rather than on techniques and processes used to
achieve those results.
10. Open-systems focus—the degree to which the organization monitors
and
responds to changes in the external environment.
CHALLENGES IN INTERNATIONAL PROJECTS.
o Political disturbances.
o Economy instability.
o Sudden changes in Tax laws.
o Time consuming government procedures.
o Cultural barriers.
o Patent Laws.
o Dispute settlements.

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Session-1 Project Management.pptx

  • 2. LEARNING OUTCOMES After attending this chapter you will be able to understand o Project & its types o Difference between project and routine work. o Project Management & its Importance . o Project Management Knowledge Areas o Project Management and its life cycle or Stages. o Role of strategy in projects management. o Key Players of project and their roles
  • 3. ICE BREAKING o How many of you have been involved in a project? o Anyone serve as a project manager? o How do projects differ from ordinary work? o What makes project work more difficult? o How important is project management? o What constitutes success in projects and how do we achieve it?
  • 4. WHY PROJECT MANAGEMENT? o Coordinate the various interrelated processes of the project. o Ensure project includes all the work required, and only the work required, to complete the project successfully. o Ensure that the project is completed on time and within budget. o Ensure that the project will satisfy the needs for which it was undertaken. o Promote effective communication between the projects team members and key stakeholders. o Ensure that project risks are identifies, analyzed, and responded.
  • 5. ADVANTAGES OF PROJECT MANAGEMENT o Better control of human resources o Improved customer relations o Shorter development times, lead times o Lower costs o Higher quality o Higher profit margins o Improved productivity
  • 6. WHAT IS PROJECT ? A project is a sequence of Unique, Complex and connected activities having one goal or purpose must be completed by a specific time, within budget, and according to specification.
  • 7. KEY CHARACTERISTICS OF PROJECTS • A project has boundaries, so its extent is defined. • A project is a one-time effort, usually requiring finite resources. • There are distinct start and end dates for projects. • You know when you have reached the end of the project.
  • 8. TYPES OF PROJECTS. o Educational Projects. o Engineering and technology Projects. o Construction projects. o Business projects. o Service Projects. o Marketing Projects. o HR Projects.
  • 10. CHARACTERISTICS OF A GOOD PROJECT The major characteristics of a project are as follows: 1. An established objective. 2. A defined life span with a beginning and an end. 3. Usually, the involvement of several departments and professionals. 4. Typically, doing something that has never been done before. 5. Specific time, cost, and performance requirements.
  • 11. PROJECT MANAGEMENT. Project management is the process of achieving set goals with in the constrains of time, budget, and staffing restrictions. It allows you to get the most out of your available resources. In Short It is the process of defining, planning, organizing, leading and controlling the development of a project.
  • 12. PROJECT MANAGEMENT HELPS YOU ANSWER QUESTIONS SUCH AS: What is to be done? Who will complete the task? When must it be done? How much will it cost? What happens if work isn’t completed on time?
  • 13. WHAT ARE THE CRITERIA FOR SUCCESS IN PROJECT? o Completion on time o Completion within budget o Completion with full functionality
  • 15. Project Integration Management o Project Plan Development o Project Plan Execution o Integrated Change Control Project Scope Management o Initiation o Scope Planning o Scope Definition o Scope Verification o Scope Change Control Project Time Management o Activity Definition o Activity Sequencing o Activity Duration o Estimating o Schedule Development o Schedule Control Project Cost Management o Resource Planning o Cost Estimating o Cost Budgeting o Cost Control Project Quality Management o Quality Planning o Quality Assurance o Quality Control Project Human Resource Management o Organizational Planning o Staff Acquisition o Team Development Project Communication Management o Communications Planning o Information Distribution o Performance Reporting o Administrative Closure Project Risk Management o Risk Management Planning o Risk Identification o Qualitative Risk Analysis o Quantitative Risk Analysis o Risk Response Planning o Risk Monitoring and CONTROL, Project Procurement Management o Procurement Planning o Solicitation Planning o Solicitation o Source Selection o Contract Administration o Contract Closeout
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  • 21. THE TIME MANAGEMENT MATRIX 21 •Exam tomorrow •Friend gets injured •Pressing problems •Deadline driven Projects, Crises •Planning, goal setting •Prevention •Paper due in a month •Exercise & relaxation •Relationship building •Too much TV •Endless phone calls •Excessive computer • games •Other time wasters • Excessive chatting •Unimportant phone calls •Interruptions •Some emails, trivial issues •Peer pressure
  • 24. DELEGATION ENABLES YOU TO DEVOTE YOUR ENERGY TO HIGH LEVEL ACTIVITIES IN ADDITION TO ENABLING PERSONAL GROWTH FOR INDIVIDUALS AND ORGANIZATIONS. 24
  • 25. DELEGATIONS REQUIRES A CLEAR, UP-FRONT MUTUAL UNDERSTANDING OF AND COMMITMENT TO EXPECTATION IN FIVE AREAS. 25 1. Desired Results 2. Guidelines 3. Resources 4. Accountability 5. Consequences
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  • 32. Business Achievement Competencies. Business Awareness. Business partner Orientation. Commitment to quality. Problem solving Competencies Initiatives Information Gathering Analytical Thinking Conceptual Thinking Influencing Competencies Interpersonal Awareness. Organizational Awareness. Anticipation of Impact. People Competencies. Motivating others. Communication Skills. Developing others. Monitoring and controlling. Self Management Competencies Self Confidence. Self Management. Concern of Credibility. Flexibility.
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  • 37. 37 •Sharks use a forcing or competing conflict management style •sharks are highly goal-oriented •Relationships take on a lower priority •Sharks do not hesitate to use aggressive behavior to resolve conflicts •Sharks can be autocratic, authoritative, and uncooperative; threatening and intimidating •Sharks have a need to win; therefore others must lose, creating win-lose situations Advantage Disadvantage If the shark’s decision is correct, a better decision without compromise can result. May breed hostility and resentment toward the person using it.
  • 38. 38 Appropriate times to use a Shark Style: when conflict involves personal differences that are difficult to change when fostering intimate or supportive relationships is not critical when others are likely to take advantage of noncompetitive behavior when conflict resolution is urgent; when decision is vital in crisis when unpopular decisions need to be implemented
  • 40. Turtles adopt an avoiding or withdrawing conflict management style Turtles would rather hide and ignore conflict than resolve it; this leads them uncooperative and unassertive May help to maintain relationships that would be hurt by conflict resolution. Conflicts remain unresolved, overuse of the style leads to others walking over them. Turtles tend to give up personal goals and display passive behavior creating lose-lose situations Advantage Disadvantage May help to maintain relationships that would be hurt by conflict resolution. Conflicts remain unresolved, overuse of the style leads to others walking over them.
  • 41. Appropriate times to use a Turtle Style : when the stakes are not high or issue is trivial when confrontation will hurt a working relationship when there is little chance of satisfying your wants when disruption outweighs benefit of conflict resolution
  • 43. •Teddy bears use a smoothing or accommodating conflict management style with emphasis on human relationships •Teddy bears ignore their own goals and resolve conflict by giving into others; unassertive and cooperative creating a win-lose situation Advantage Disadvantage Accommodating maintains relationships. Giving in may not be productive, bear may be taken advantage of
  • 44. 44 Appropriate times to use a Teddy Bear Style when maintaining the relationship outweighs other considerations when suggestions/changes are not important to the accommodator when minimizing losses in situations where outmatched or losing. •when time is limited or when harmony and stability are valued
  • 46. •Foxes use a compromising conflict management style; concern is for goals and relationships •Foxes are willing to sacrifice some of their goals while persuading others to give up part of theirs •Compromise is assertive and cooperative-result is either win-lose, lose-win or lose-lose Advantage Disadvantage Relationships are maintained and conflicts are removed. Compromise may create less than ideal outcome and game playing can result.
  • 47. 47 Appropriate times to use a Fox Style when important/complex issues leave no clear or simple solutions when all conflicting people are equal in power and have strong interests in different solutions when their are no time restraints
  • 49. 49 Advantage Disadvantage Both sides get what they want and negative feelings eliminated Takes a great deal of time and effort. •Owls use a collaborating or problem confronting conflict management style valuing their goals and relationships •Owls view conflicts as problems to be solved finding solutions agreeable to all sides (win- win)
  • 50. 50 Appropriate times to use an Owl Style when maintaining relationships is important when time is not a concern when peer conflict is involved when trying to gain commitment through consensus building when learning and trying to merge differing perspectives
  • 51. COMPETENCY LEVELS: Knowledge (I can define it) Comprehension (I Understand it) Application (I have used it) Analysis (I know how each part works) Synthesis (I can adopt it to other uses) Evaluation (I know when to use it)
  • 53. STAGE 1: Conceptualizin g-and-Defining STAGE 2: Planning-and- Budgeting STAGE 3: Executing STAGE 5: Terminating- and-Closing STAGE 4: Monitoring-and-Controlling STAGE 4: Monitoring-and-Controlling Project overview Statement
  • 54. 1-PROJECT OVERVIEW STATEMENT o State the problem/Opportunity. o Establish the Project Goal. o Define the Project Objectives. o Identify the Success Criteria. o List Assumptions, Risk, Obstacles. o Approval process.
  • 55. 2-PLANNING AND BUDGETING. o Define WBS. o identify Project Activities. o Estimate Activity Durations. o Set Milestones. o Develop Relationships among Activities o Gantt Chart o Float and CPM (critical path method) o Determine Resource Requirement. o Analyzing Project NETWORK. o Cost Estimation (Budgeting) o Prepare Project Proposal
  • 56. 3-EXECUTING o Recruitment and organize the project team. o Level Project Resource. o Schedule and Document work packages. o Monitor and control progress. o Close out the project.
  • 57. 4-TERMINATING & CLOSING o Train Customer. o Transfer Documents. o Reporting.
  • 58. ORGANIZATION STRATEGY AND PROJECT MANAGEMENT Strategy is implemented through projects. Every project should have a clear link to the organization’s strategy
  • 59. WHY PROJECT MANAGERS NEED TO UNDERSTAND STRATEGY  The first reason is so they can make appropriate decisions and adjustments.  The 2nd reason project managers need to understand their organization’s strategy is so they can be effective project advocates.
  • 60. THE STRATEGIC MANAGEMENT : Strategic management is the process of assessing “what we are” and deciding and implementing “what we intend to be and how we are going to get there. ” Strategy describes how an organization intends to compete with the resources available in the existing and perceived future environment
  • 61. FOUR ACTIVITIES OF THE STRATEGIC MANAGEMENT PROCESS The typical sequence of activities of the strategic management process is outlined here; a description of each activity then follows: 1. Review and define the organizational mission. 2. Set long-range goals and objectives. 3. Analyze and formulate strategies to reach objectives. 4. Implement strategies through projects.
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  • 64. WHAT IS ORGANIZATIONAL CULTURE? Organizational culture refers to a system of shared norms, beliefs, values, and assumptions which binds people together, thereby creating shared meanings. • Culture reflects the personality of the organization and, similar to an individual’s personality, can enable us to predict attitudes and behaviors of organizational members
  • 65. CHARACTERISTICS OF ORGANIZATIONAL CULTURE 1. Member identity—the degree to which employees identify with the organization as a whole rather than with their type of job or field of professional expertise. 2. Team emphasis—the degree to which work activities are organized around groups rather than individuals. 3.Management focus—the degree to which management decisions take into account the effect of outcomes on people within the organization. 4. Unit integration—the degree to which units within the organization are encouraged to operate in a coordinated or interdependent manner. 5. Control—the degree to which rules, policies, and direct supervision are used to oversee and control employee behavior.
  • 66. 6. Risk tolerance—the degree to which employees are encouraged to be aggressive, innovative, and risk seeking. 7. Reward criteria—the degree to which rewards such as promotion and salary increases are allocated according to employee performance rather than seniority, favoritism, or other nonperformance factors. 8. Conflict tolerance—the degree to which employees are encouraged to air conflicts and criticisms openly. 9. Means versus end orientation—the degree to which management focuses on outcomes rather than on techniques and processes used to achieve those results. 10. Open-systems focus—the degree to which the organization monitors and responds to changes in the external environment.
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  • 68. CHALLENGES IN INTERNATIONAL PROJECTS. o Political disturbances. o Economy instability. o Sudden changes in Tax laws. o Time consuming government procedures. o Cultural barriers. o Patent Laws. o Dispute settlements.