In: Operations Management
what are performance appraisals?
what are team performance reviews?
what is project closure?
what is post implementation evaluation?
what is the difference between traditional and agile project management?
Performance appraisals refer to the activity done the management in which they review the performance of each employee, the contribution and fulfillment of the KRAs and based on the performance do the appraisal in terms of monetary or the designation.
When the performance of a team is being reviewed by the management, it is known as the team performance review.
When a project gets completed as per the given guidelines, being submitted and approved by the client, it is known as a project closure.
Post implementation evaluation refers to he activity in which the submitted project is being reviewed that whether it meets the specifications and guidelines given to the project team and whether it fulfills the objective.
There is little to no scope for making changes to the product in traditional project management, whereas agile project management is more adaptable and offers a lot of flexibility. As far as the ownership is concern, in traditional project management the ownership belongs to the project manager, whereas the authority belongs to the team itself in agile project management.