At Northrop Grumman,EVM Is a Corporate Mandate That Helps the Company

question 71

True/False

At Northrop Grumman,EVM is a corporate mandate that helps the company tailor the system to each new project in order to apply it correctly for maximum benefit,cost control,and corporate profitability.

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Definitions:

Incentive Payments

Financial rewards given to employees to encourage or reward them for achieving particular goals or performing at a superior level.

Entitlement

A right granted by law or contract, especially to financial benefits from the government.

Bonus

An incentive payment that is supplemental to the base wage.

Base Wages

The initial or fundamental salary paid to an employee before any bonuses, benefits, or overtime are accounted for.