Unit 6 - Prinicples of management

• Management by objectives


  A strategic approach to increase company performance by aligning company and team objectives
• Management by objectives


  1. Organizational objectives

  2. Cascade objectives to employees

  3. Monitor performance

  4. Evaluate performance
• Organizational objectives


  As a project manager, your job may be to co-create company objectives or translate company objectives to your team in an understandable way
• Business goals template


  • Used to structure specific goals in the organizational objectives stage
• Cascade objectives to employees

  1. Translate the company objectives into individual goals for each team member

  2. Use the SMART goals framework to ensure team members' goals are measurable and achievable
• Monitor performance


  1. Gather success metrics from project management tool

  2. Assess whether objectives and key results (OKRS) are being met

  3. Assess team member productivity
• Evaluate performance


  1. Gather success metrics from project management tool

  2. Assess whether objectives and key results (OKRS) are being met

  3. Assess team member productivity
• The process involves setting specific, measurable, attainable, relevant, and time-bound (SMART) goals that align with overall business objectives.