Deciding What Data to Collect, Actually Collecting the Data and Analyzing

question 97

True/False

Deciding what data to collect, actually collecting the data and analyzing it, and reporting this data are all parts of structuring a project monitoring information system.

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Definitions:

Annual Payroll

The total amount of money paid to employees by a business over the course of a year, including wages, salaries, bonuses, and deductions.

Job Evaluation

A systematic method for determining the relative worth of a job in relation to other jobs within an organization.

Pay Grade Categories

Divisions or levels in a pay scale that determine the salary range for different positions within an organization.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies.