The application of MBO can help organisations in
fulfilling the objectives of their projects. As the name suggests, MBO is a
process of defining the objectives of a project, so that the human resources
aligned with a project and the management of the organisation can understand
the set objectives and perform accordingly.
MBO was introduced by Peter
Drucker in his 1954 book “The Practice of Management”. It gained huge
popularity immediately and most Management by Results (MBR). MBO in project
management seeks to align the objectives of each personnel with the objectives
of the project.