FLM403 Setting and Meeting Objectives Level 4 Assignment Sample NZ
This is the sample assignment of FLM403 Setting and Meeting Objectives Level 4. The course FLM403 Setting and Meeting Objectives Level 4 is designed to improve your business skills.
The course introduces you to the concepts of setting objectives, meeting objectives, and measuring performance in order to achieve desired results. You will learn how important it is for managers to set measurable goals with achievable targets so that employees can determine if they are on track or not.
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Assignment solutions of FLM403 Setting and Meeting Objectives Level 4 Course Units
Assignment activity 1. Allocate and manage workflows to achieve team and individual objectives.
It’s important to be clear about what objectives are meant by “team and individual.” For individuals, a personal objective is something that the person feels they should have in order to consider themselves successful.
For a team, it’s something on which the group aspires to provide excellence together – and this can come from any number of factors, such as company earnings or customer satisfaction. If someone has trouble coping with change then their personal objective might be to consistently maintain an even demeanor. And if the team needs more engineers then their collective objective might be hiring three more people in collaboration with HR.
Assignment activity 2. Evaluate the effectiveness of existing resource allocation, identify gaps, recommend and implement improvements
Proficient resource allocation is a well-known best practice. To evaluate the effectiveness of existing resource allocation, identify any gaps, and recommend and implement improvements, you should do extensive research on your organization’s initiatives or projects to determine how resources have been allocated.
A thorough evaluation will require the identification of organizational units affected by these endeavors as well as individuals who may be affected
In order to effectively allocate resources, you need to know which ones are most important and what tradeoffs were made in order to make that decision. You can then use this information when readjusting resource allocations for other needs within the company based on strategic goals or budget-driven requirements while preserving prioritization.
Assignment activity 3. Describe how team motivation and relationships in a team can influence workflows
1. teams should establish a shared goal or mission statement and define their criteria for success in achieving that. All workflows should flow from this clarity in goal definition.
2. teamwork is about more than just individual contributions. Teams need social skills to work together effectively.
For example, team-building exercises can help people get to know each other better and develop good relationships within the group without it devolving into the office party cliché of drinking games and Jenga competitions.
3. if rewards are tied to reaching goals there will be increase energy in work not bound by a sense of obligation imposed by management or external source of pressure.
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Assignment activity 4. Explain the performance review process and disciplinary procedures
The performance review process is the action taken by an employer to provide feedback on a subordinate’s job performance, set goals for future work, and identify development opportunities.
The disciplinary procedures are organized responses to the behavior of employees which violates or threatens the organization’s standards of acceptable conduct.
A review should be conducted at least once every two years in most organizations. A meeting may take place before each step, instantly making each step transparent providing a level of transparency rarely found in unstructured meetings.
Procedures are dictated by the policy which ties into corporate culture and protects both employer and employee from miscommunication or misunderstanding. The process is designed to create accountability while assuring fair treatment of all parties involved.
Assignment activity 5. Develop a plan of action to address performance and workflow variation
Performance and workflow variation is a tricky thing to address if you haven’t radically different approaches in mind.
The first place I would look is at the smallest micro project level, where performance and workflow variation is most easily monetized for value contribution. Building consistency at the microtask level will help propagate that through larger macro projects. The idea of this tactic is about mitigating risk as you go up the fractal hierarchy of your organization.
Going back to managing performance and workflows, here are few ideas on how to address anything from anecdotal feedback all the way up to a series of system-wide measures.
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