April 2025
Beginner
896 pages
21h 52m
English
Content preview from Project Management Case Studies, 7th Edition
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Part 15WAGE AND SALARY ADMINISTRATION
It is very difficult for the true benefits of project management to be realized unless project management is integrated into the wage and salary administration program. Some companies view project management as a career path position while others view it simply as a part‐time profession.
The situation becomes even more complex when dealing with functional employees who report to multiple bosses. When employees are notified that they are being assigned to a new project, their first concern is: What is in it for them? How will they be evaluated? How will their boss know whether or not they did a good job? Project managers must have either a formal or informal input into the employee's performance review.
Photolite Corporation (A)
Photolite Corporation is engaged in the sale and manufacture of cameras and photographic accessories. The company was founded in Baltimore in 1980 by John Benet. After a few rough years, the company began to flourish, with the majority of its sales coming from the military. By 1985, sales had risen to $5 million.
By 2015, sales had increased to almost $ 160 million. However, in 1996, competition from larger manufacturers and from some Japanese and German imports made itself felt on Photolite's sales. The company did what it could to improve its product line, but due to lack of funds, it could not meet the competition head on. The company was slowly losing its market share and was approached by several larger manufacturers ...
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