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Identify and Briefly Discuss the Four Phases Involved in Managing

question 119

Essay

Identify and briefly discuss the four phases involved in managing a project.


Definitions:

Compensation

The total amount of the financial and non-financial pay provided to an employee by an employer in return for work performed as required.

Equal Rewards

The distribution of compensation or benefits in a manner that is the same for all participants or contributors.

Intrinsic Rewards

Satisfaction a person receives in the process of performing a particular action or activity, coming from within the individual rather than from external rewards.

Performance

The act, process, or capability of performing actions efficiently and effectively according to set standards.

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