An Effective Project Selection Model Must Reflect Organizational Objectives,including a Firm's

question 11

True/False

An effective project selection model must reflect organizational objectives,including a firm's strategic goals and mission.

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Definitions:

Tactical Goals

Short-term objectives designed to implement the broader strategies of an organization, focusing on how to operationalize actions needed to achieve higher level goals.

Objectives

Specific, measurable goals set by an individual or organization aiming to achieve desired outcomes.

Missions

Statements that define the core purpose of an organization, why it exists, and its intentions toward its stakeholders.

Planning Team

A group of individuals tasked with developing strategies or plans for achieving specific goals or objectives within an organization.