Estimates Should Be Based on Normal Conditions, Efficient Methods, and a Normal

question 6

Essay

Estimates should be based on normal conditions, efficient methods, and a normal level of resources. Explain.

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Definitions:

Performance Measures

Indicators or metrics used to assess, track, and communicate the efficiency, effectiveness, or productivity of an individual, group, or organization.

High-performance Organization

An organization that consistently outperforms its peers in key metrics such as profitability, customer satisfaction, and employee retention.

Knowledge Sharing

The exchange of skills, information, and experience among individuals or groups within an organization or community.

Occupational Intimacy

The degree of personal engagement and satisfaction an individual finds in their work, leading to a sense of fulfillment.