A Large Project Engineering Company Assigns Engineering, Purchasing, Marketing and Support

question 136

Essay

A large project engineering company assigns engineering, purchasing, marketing and support staff to client-based projects lasting anywhere from four months to one year.The project staff report to both the project leader and the manager of their functional specialization.For example, a marketing employee in Project Z would receive day-to-day instructions from the Project Z manager, but would receive career development guidance from the company's director of marketing.The functional manager also places employees in future projects.In the past, project staff were evaluated by the employee's project leader at the time of the annual performance evaluation.However, some employees complained that they had just started the project, so the project leader didn't know their performance.The company wants to introduce a 360-degree feedback process to overcome this issue and other problems with the performance evaluation system.Describe the specific characteristics of a 360-degree feedback process for project staff at this company and identify two problems that the company should know about 360-degree feedback systems.

---

Definitions:

Japanese Automobile

A car manufactured by a company based in Japan, known for reliability, efficiency, and advanced technology.

Canadian Dollars

The currency of Canada, represented by the symbol CAD, and used throughout the country for financial transactions.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

Appreciate

The increase in value of an asset over time.