A Project Life Span Is

question 71

Multiple Choice

A project life span is

• A)a progression through a series of differing stages of project development.
• B)the total of the phases through which a project passes from the time it is initially conceived until the time it is either in use as a success or abandoned as a failure.
• C)often used to explain changes in project strategic decision priorities,changes in project strategic outlook,and their effect on organizational structure and perceptions of organizational effectiveness criteria.
• D)all of the above.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs of a product, used to cover fixed costs and generate profit.

Return On Investment

An evaluation metric employed to assess the effectiveness or financial gain of an investment, or to compare the effectiveness among several investments.

Manufacturing Cycle Efficiency

A metric that measures the efficiency of the manufacturing process by comparing value-added time to total throughput time.

Turnover

This is a measure of how quickly inventory is sold or how often employees are replaced within a business.