The Greatest Advantage of a PMO Is That

question 21

Multiple Choice

The greatest advantage of a PMO is that:

• A)It is essentially another layer of oversight within the organization.
• B)It helps an organization develop project management skills.
• C)It serves as a bottleneck for communication across the organization.
• D)All project management skills are located at one point in an organization.

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Definitions:

Accounts Payable

Money owed by a company to its creditors or suppliers for products or services that have been delivered but not yet paid for.

Fixed Assets

These are long-term tangible assets that a firm owns and uses in its operations to generate income, such as buildings, machinery, and equipment, which are not expected to be consumed or converted into cash within a year.

Price/Earnings Ratio

A valuation metric for evaluating the relative worth of a company, calculated as market value per share divided by earnings per share.

Market Price Per Share

This is the current price at which a single share of a company's stock can be bought or sold in the market.