A Value-Driven Approach to Project Management Means

question 33

Multiple Choice

A value-driven approach to project management means

• A) Applying project management tools and processes that are part of a methodology
• B) Taking a purely technical approach to projects that focuses mainly on the technology
• C) Deriving excellence in project management by documenting lessons learned and developing best practices
• D) Applying knowledge, skills, tools, and techniques to project activities to meet project requirements
• E) Measuring project success in terms of the value the project brings to the organization and not only in terms of meeting the project schedule and budget

---

Definitions:

Merit Pay

A raise in salary based on an employee's performance, rewarding those who meet or exceed specified work standards.

Criticism

The act of expressing disapproval of someone or something based on perceived faults or mistakes.

Merit Pay

A pay increase given to employees based on their performance, as an incentive to encourage higher productivity and commitment.

Incentive Pay

A form of compensation designed to reward employees for achieving specific goals or exceptional performance.