Governance of All Project Management Processes and Procedures Helps Provide

question 41

Multiple Choice

Governance of all project management processes and procedures helps provide senior management with all of the following EXCEPT

• A)A method to ensure projects that are important to senior management are being implemented.
• B)An assessment of the risk their portfolio of projects represents.
• C)An overview of all project management activities.
• D)A metric to measure the improvement of managing projects relative to others in the industry.
• E)A big picture of how organizational resources are being used.

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Definitions:

Insource

refers to shifting jobs or tasks that were previously outsourced back within the organization, often to maintain control or reduce costs.

Outsource

The practice of hiring third-party service providers to perform tasks, handle operations, or provide services that are either difficult to manage or are outside the company's expertise.

Customized Items

Products or services tailored to meet the specific needs or preferences of an individual customer or market segment.

Mitigate Risks

The process of taking action to minimize the likelihood and impact of undesired events or risks.