Project Initiation Begins When the Project Sponsor Identifies Business Value

question 147

True/False

Project initiation begins when the project sponsor identifies business value that can be gained by using information technology.

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Definitions:

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Accounting Break-even

The point at which total revenues exactly equal total explicit costs, leading to neither a profit nor a loss.

Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations, aiming to achieve a specific goal.