The Project Management Office (PMO)is Comprised of the Top Leader

question 45

True/False

The Project Management Office (PMO)is comprised of the top leader in the organization (CEO or other officer)and his or her direct reports.

---

Definitions:

Opportunity Costs

The cost of foregoing the next best alternative when making a decision.

Cash Inflows

This term refers to the money coming into a business from its operational, financing, and investing activities.

Assets

Resources owned or controlled by a business, entity, or individual, with future economic value that can be measured and expressed in financial terms.

Externalities

Effects a project has on other parts of the firm or on the environment.