If the Development Team of an Organization Is Not Familiar

question 20

True/False

If the development team of an organization is not familiar with the technologies that may be used,the project should be cancelled.

Understand the concept of cost centers and their role within an organization.

Calculate and interpret departmental gross profit.

Distinguish between cost centers, profit centers, and revenue centers.

Understand the utility of departmental reports in performance evaluation and decision making.

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Definitions:

Performance Evaluation

The process of assessing an employee's job performance and productivity in relation to established criteria and objectives.

Planning

The process of making detailed strategies on how to actionably achieve business goals and objectives.

Directing

The process of guiding and overseeing the activities of an organization or team to achieve its objectives.

Unrealistic Budget

A budget plan that is not achievable or practical given the current constraints and resources.