The Hexagon of Excellence Assignment Example | Topics and Well Written Essays - 500 words

The Hexagon of Excellence - denomination ExampleWhen in that respect is effective communication, teamwork and trust, the organization is headed for excellence. With increased trust, project funding can be brought blue from the executive level to intermediate management (Schein, 2010). This characteristic reduces the cost and time of methodology execution.Training and facts of life is a significant aspect that has both quantitative and qualitative results. Quantitatively, the product development time is pint-sized while higher quality decisions are made faster. The cost of project is lowered through a reduction in paperwork and the number of people elusive while higher profit margins are realized. Qualitatively, there is improved visibility and emphasis on results with enhanced coordination. The morale of workers increases resulting in improved customer dealing (Kerzner, 2005).Training and education are necessary to discover a competitive workforce. The strategy helped the pre vious employer to maintain innovativeness in project implementation, which continuously made work easier, less expensive and also boosted the morale of employees. in that location was a project management curriculum that was reviewed annually to incorporate new areas of competence. It contained a core cogency prototype for the elementary and advanced abilities that a project manager was required to possess. All the training programs were pore on supporting the core competency skills. Moreover, trainings were conducted regarding ethical behaviour within the company as swell as when interacting with customers. Project managers were also taught on decent business practices. Project management executives were also involved in senior managers workshops and trainings designed to enhance maturity of project management (Rothaermel, 2012).Organizations lose huge sums of property through wasted project spending leading to low shareholder value. A major work out contributing to such loss es is failure to align projects with corporate