In: Finance
Which of the following concepts define how team members should relate to one another and their assigned tasks? give an example
The following concepts define that how team members should relate to one another and their assigned tasks –
Authority: Reasonable power is associated with the formal job authority of a team member and it encourages their empowerment through assignment of authority in decision making process of the project. For example they have authority to make changes in in project schedules to certain extent.
Responsibility: Assigning the appropriate responsibility to right person is the key to success of a task and it gives a sense of responsibility towards organization. Therefore the team members work towards the best interest of the organization and help their co-workers also. For example they have to complete the task by end of the month.
Accountability: Fixing the accountability of individual team members encourage them to perform their task in best possible way as they will get performance reward for successful completion and if not completed successfully then also they will help accountable for not performing. For example get promotion based on the performance of successfully completing the task.