What is a responsibility assignment matrix (RAM)? Describe how you might use a responsibility assignment matrix to manage the resources assigned to your project
Key concepts to be covered in the response could include, but are not limited to:
A responsibility assignment matrix (RAM) is a grid that shows the project resources assigned to each work package.
A RACI is a type of RAM that shows responsible, accountable, consult, and inform to define the involvement of stakeholders in the project activities.
RACI charts are useful for assigning activities to project team members, SMEs and the project manager. They go further than the original communications plan because they identify every project activity and specify the exact involvement of each project stakeholder.
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Which of the following statements is true?
a. Only the effects of internal transactions must be recognized and recorded in the entity's accounting system. b. An internal event is a transaction between an entity and its environment. c. Not all recognizable events are supported by a standard source document. d. Only the effects of external events must be recognized, measured, and recorded in an entity's accounting system.
What kind of consumer decision-making process is most closely associated with retailer loyalty?
A. Limited problem solving B. Extended problem solving C. Habitual decision making D. Contemplation E. Impulsive problem solving
An approximation of the operating cycle can be determined from the receivable liquidity figures and the inventory liquidity figures
Indicate whether the statement is true or false
______ is a conflict management strategy in which each party concedes something of value.
A. Compromise B. Accommodation C. Avoidance D. Competition