Standards and Guidelines to Follow When Performing Project Management Must

question 32

True/False

 Standards and guidelines to follow when performing project management must be devised by top management.

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Definitions:

Return on Investment

A financial metric used to evaluate the efficiency of an investment, calculated as the net gain or loss on the investment relative to the cost of the investment.

Investment Center

A division or unit within an organization that is directly responsible for generating its own revenue as well as controlling its costs, and therefore, its profits.

Authority

The ability or entitlement to dictate actions, decide on matters, and demand adherence.

Decision

The act of making a choice or coming to a conclusion.