Which Is a Benefit of Using PRINCE2

question 17

Multiple Choice

Which is a benefit of using PRINCE2?

• A) Is a method specifically designed for technical projects
• B) Provides for the efficient and economic use of management time
• C) Includes many of the proven planning techniques, such as critical path analysis
• D) Can be used to manage both projects and programmes

Acknowledge the diverse contributions to management theory and practice from around the globe.

Understand the key theories and theorists in the field of management and their contributions.

Recognize the role of customer perception in determining quality according to Feigenbaum's view.

Distinguish between McGregor's Theory X and Theory Y and their assumptions about employee motivation and behavior.

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Definitions:

Actual Direct Labor Cost

The actual amount spent on wages for workers who are directly involved in producing goods or providing services.

Variable Overhead Efficiency Variance

The difference between the actual and the standard (or expected) variable overhead costs based on the efficient use of the variable inputs.

Variable Overhead

Costs of indirect production materials or services that fluctuate with the level of production activity, such as utilities for a factory.

Direct Labor-hours

The amount of labor time spent by workers directly involved in the manufacturing process, restated as "The quantity of labor time directly utilized in producing goods."