Before an Evaluation of the Project Team Can Be Effective

question 42

Multiple Choice

Before an evaluation of the project team can be effective and useful, a minimum core of conditions needs to be in place before the project begins.Which of the following would NOT be one of those conditions?

• A)Individuals have the skill set necessary to successfully complete the project
• B)Evaluation criteria beyond time, cost and specifications has been established
• C)Rewards are adequate
• D)Individual, team responsibilities and performance standards are known by all team members
• E)Standards for measuring performance exist

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Definitions:

Profitability

A measure of the efficiency and financial performance of a business, indicating its ability to generate income relative to revenue, assets, or equity.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Voting Shares

Shares that give the shareholder the right to vote on company matters at shareholder meetings.

ASPE

Accounting Standards for Private Enterprises, a set of accounting principles for private companies in Canada.