Low Efficiency/high Effectiveness Situations Arise When Managers Choose the

question 81

Multiple Choice

Low efficiency/high effectiveness situations arise when managers choose the

• A)wrong goals to pursue and make poor use of resources to achieve these goals.
• B)right goals to pursue but do a poor job of using resources to achieve these goals.
• C)right goals to pursue and make good use of resources to achieve these goals.
• D)wrong goals to pursue and make good use of resources to achieve these goals.

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Definitions:

Risk Management

The process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, control, or eliminate them.

Potential Project Risks

Identified factors that may negatively affect the success or progression of a project.

Risk Mitigation

The process of identifying, analyzing, and taking steps to reduce or eliminate the risks associated with an activity or project.

Performance Specifications

Detailed descriptions of the functional requirements for a project, specifying the desired outcomes and criteria for assessing performance.