Project Team Rewards
Literature Review
5
3. Literature Review
This literature review provides a thematically ordered and deep analysis of different
topics that were considered important to understand the relationship between rewards and
a
project team’s motivation. First, some basic information about rewards is provided and
three different perspectives introduced that exist in the reward literature. These three
perspectives are then discussed in detail in the second to fourth section. This
includes an
analysis of motivation theories that play an important role in rewarding employees. The
fifth section covers different aspects of rewards in project management. Finally, a
summary and evaluation is provided.
3. Literature Review ..................................................................................... 5
3.1. Reward Basics .................................................................................. 6
3.2. Perspective One: Extreme Reward Opponents........................... 9
3.3. Perspective Two: Extreme Reward Proponents ........................12
3.4. Perspective Three: Modest Reward Proponents.......................13
3.4.1. Internal and External Reward Factors .......................................... 13
3.4.2. Motivation Theories..................................................................... 14
3.4.3. Reward Decision......................................................................... 18
3.4.4. Reward Objective ....................................................................... 19
3.4.5. Reward Target............................................................................ 21
3.4.6. Reward Type .............................................................................. 22
3.4.7. Reward Extent ............................................................................ 24
3.4.8. Reward Time .............................................................................. 25
3.4.9. Summary and Evaluation of the Third Perspective ........................ 26
3.5. Rewards in Project Management .................................................28
3.5.1. Rewarding Project Team Members .............................................. 28
3.5.2. Incentive Contracting .................................................................. 30
3.5.3. Rewarding in Change Management ............................................. 31
3.5.4. Rewarding as Project Success Factor .......................................... 32
3.6. Summary and Evaluation ..............................................................35
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