Project Goals keep all project related goals which need to be achieved in a specific period of time. Project Goals can be viewed by Project Managers and project members, while only Project Managers, HR managers, directors and administrators are able to add project goals.
Add Project Goal
In order to add a project goal, go to Project Goals listing and click the New Project Goal or go to the Add New menu and click Project Goal.
Enter following details in order to add a project goal:
Title – Short title of the goal
Description – Short description of the goal
Validity Period – Choose the period for which the goal belongs too. You can add Validity Periods in Settings – HRMS Settings – Validity Periods.
Start Date – The date when the goal implementation should start
End Date – The date when the goal implementation should end
Project – Choose a project for which the project goal is being added
Company Goal – If the project goal is part of Company Goal (strategic goal), choose company goal from Company Goal dropdown, or leave this field blank
Action Steps – Describe all action steps that need to be taken by employee in order to achieve goal
Measurement Unit – Indicate the measurement units of the goal (dollars, days)
Status – Indicate the current status of the goal
Score Calculation – Choose Minimize, if the intent of the goal is to minimize the figures (for example to reduce costs). Choose Maximize, if the intent of the goal is to maximize figures (for example, to increase the revenues).
Assignees – Choose employees for whom the goal needs to be assigned from the list of employees checkbox.
Chosen employees will appear in the assignees table. Provide details about the goals weight, target and actual figures. Actual figures may be left blank if they are not available, and they can be edited by an employee, in Employee View.
Notes – Additional notes about the goal.
Score and Final Calculation
Based on targets and actual, performance scores are calculated while adding goals. If actual figures are not available, the performance score will not be calculated. However, employees can write up actual figures themselves later. When actual figures are entered by an employee, system automatically calculates the performance score (final score) and it can be used while conducting performance appraisals.
Formulae to calculate the score are following:
|ACTUAL/TARGET x 100 (for KPI MAXIMIZE, the HIGHER the BETTER)|
|TARGET/ACTUAL x 100 (KPI MINIMIZE: the LOWER the BETTER)|
The formula to obtain the final score is: SCORE x WEIGHT/100.
Final scores can be used to determine bonus allocation, salary increase, and promotions.
Once all the details of the goal are entered, click Save & Close or Save & New.
Project Goals Action Menu
You can view project goal summary, edit the goal, add notes to the goal, or remove the goal (administrators only) in the Project Goal Action menu.
In order to add notes to your goal, click Notes from the Action dropdown.
Enter the following details:
Subject – The subject of the note
Description – Full description of the note
Visibility – You can control the visibility of the notes. Selecting the Public option makes your note visible to public, whereas the Private option hides the content from the public completely.
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