Dear Mr. RSprasad88,
360 Degree Appriasal is a method under the Performance Appraisal System. Human Resources is a vast subject, It's nice even if you want to be good in learning. To know more about PMS let me suggest you few outlines -- HR has categories divided - Human Resource Management (HRM), Organizational growth and Induvidual growth. As a sub-category, PMS falls under the Induvidual growth as this is endorsed as a legitimate of Performance imporovement measures. Induviduals seeking promotions, career planning, need on developing skills steadfast their chances benefiting through such appriasal systems. The outcome of such process helps not only the individual but also to the HR marking plonks on employees for training, staffing, development plans & many more. Performance method is based on industry type which evaluates the consistency of feedback as well with rewards.
Make your project more interesting along with other PMS- Appraisal Methods: a) Self-appraisal, b) Multiple method (360 Degree Appriasal)
Please
CLICK HERE to understand the basics & get engrossed with an insight to such a lovely internship project. Good Luck...!