As a Rule of Thumb Estimate, What Percentage of the Entire

question 80

Multiple Choice

As a rule of thumb estimate, what percentage of the entire development effort should be devoted to the project initiation and planning process?

• A) Between 10 and 20 percent
• B) Less than 5 percent
• C) Less than 10 percent
• D) Between 20 and 30 percent
• E) Over 50 percent

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Definitions:

Differentiate

To distinguish or set apart different items, concepts, or entities based on their unique characteristics or qualities.

Organization Anticipates

The process by which organizations attempt to foresee future challenges or opportunities and prepare accordingly.

Retrenchment

A retrenchment or turnaround strategy occurs when an organization finds that its current operations are not effective, and major changes are usually needed to rectify the problem. In most cases, this strategy involves rightsizing the organization by closing operations, shutting down factories, and terminating employees in order to get back on the right track.

Executive Succession

Involves systematically planning for future promotions into top management positions.