Management by Objectives (MBO) a management philosophy that says an
organization should be managed by objectives, it has three steps:
1. Establish unambiguous and realistic objectives
2. Periodically evaluate if objectives are being met
3. Implement corrective action
You should understand what this means for the project manager. If the project is not in line with or does not support the corporate objectives, the project is likely to lose resources assistance and attention. You should also understand that MBO works only if management supports it.
organization should be managed by objectives, it has three steps:
1. Establish unambiguous and realistic objectives
2. Periodically evaluate if objectives are being met
3. Implement corrective action
You should understand what this means for the project manager. If the project is not in line with or does not support the corporate objectives, the project is likely to lose resources assistance and attention. You should also understand that MBO works only if management supports it.