The purpose of ________ is to enable organizations to assess their progress in implementing the best project management practices in their industry and continuously move to improvement.
A. Retrospective and lessons learned
B. Phase gates
C. Maturity models
D. A project office
E. Balance scorecard
Answer: C
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Use the information below for Soho Inc for 2016 and 2017 to answer the following question. Equipment, December 31, 2016 $65,000 Equipment, December 31, 2017 72,000 Accumulated depreciation, December 31, 2016 39,000 Accumulated depreciation, December 31, 2017 30,000 During 2016, Soho Inc sold equipment with a cost of $30,000 and accumulated depreciation of $25,000 . A gain of $3,000 was recognized
on the sale of the equipment This was the only equipment sale during the year. What amount would be reported as the cash proceeds from the sale of equipment? a. $2,000 b. $3,000 c. $5,000 d. $8,000
Assets, liabilities, and owner's equity are permanent accounts
Indicate whether the statement is true or false
Lawes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas to be used in its budgeting: Fixed element per monthVariable element per unitRevenue - $34.70 Direct labor$0 $6.00Direct materials 0 13.20Manufacturing overhead 31,000 1.90Selling and administrative expenses 20,300 0.10Total expenses$ 51,300 $ 21.20The selling and administrative expenses in the planning budget for July would be closest to:
A. $20,500 B. $20,800 C. $20,805 D. $20,705
Tokyo Electronics is facing financial difficulties mainly due to losses incurred by its gaming division. As a consequence, it has decided to shut down operations of this division. Which of the following strategies has Tokyo electronics adopted?
A. Divestment strategy B. Internal growth strategy C. External growth strategy D. Diversification strategy E. Concentration strategy