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zavuch27 [327]
1 year ago
5

Most companies with well-developed project management systems insist that a project must pass an approval of some kind to move f

rom one life cycle stage to the next. Group of answer choices True False
Business
1 answer:
Nesterboy [21]1 year ago
6 0

True

<h3>What is project management life cycle?</h3>

A project is guided through the project management lifecycle, which is a step-by-step structure of best practices. It offers project managers a methodical way to plan, carry out, and complete a project.

The four phases of this project management process are initiating, planning, executing, and closing. A project team boosts its chances of success by following each stage.

Initiation:

You will establish the project during the initiation phase. You will determine the project's objectives, scope, available resources, and team member roles. The project and team will have clear direction if stakeholders' expectations are made explicit, along with the specific goals of the project and their justifications.

Planning:

You'll decide the steps to really accomplish the project goals during the planning phase. You'll set up spending limits, deadlines, and checkpoints, as well as the sources and required paperwork. This step also entails estimating and forecasting risk, implementing change management procedures, and laying out communication guidelines. Choosing what to do with your troops is the planning phase's equivalent of gathering your forces during the initiation phase.

Execution:

A project's execution entails carrying out your plan and directing the crew. For the most part, this entails monitoring and measuring progress, maintaining quality, reducing risk, managing the budget, and using data to guide your decisions.

Closing:

You'll wrap up project activities during the closing phase of the project management lifecycle, hand the final good or service on to the new owners, and evaluate what went well and what didn't.

Learn more about project management life cycle here:

brainly.com/question/14689298

#SPJ4

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2 years ago
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics:
Alex17521 [72]

Answer:

$1,059,050

Explanation:

The computation of the anticipated level of profits for the expected sales volumes is shown below:

Expected sales             209,000                      305,000

Particulars                     Chicken                          Fish

Sales                              $815,100                       $1,525,000

Less:

Variable cost                -$407,550                     -$762,500

Contribution margin      $407,550                      $762,500

Now the profit would be

= Total contribution margin - total fixed cost

= $407,550 + $762,500 - $111,000

= $1,059,050

The sales are variable cost are come by multiplying the units with its price per taco.

4 0
3 years ago
The steeper an isoquant is ​(labor measured on the horizontal axis​): A. the greater is the level of output. B. the greater is t
Volgvan

Answer:

C. the greater is the marginal productivity of labor relative to that of capital

Explanation:

An isoquant is a curve that shows all the combinations of inputs that yield the same level of output.

When adding one factor holding the other factor constant inevitably, leads to lower output levels, the isoquant must become steeper, as more capital is added instead of labour, and flatter when labour is added instead of capital. Returns to capital even decline.

8 0
3 years ago
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The laffer curve makes the point that cutting a very high marginal tax rate can __________ the tax base enough so that tax reven
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<span>The laffer curve makes the point that cutting a very high marginal tax rate can raise the tax base enough so that tax revenues actually rise. The Laffer Curve is a theory that was developed by Arthur Laffer. The theory explains the relationship between tax rates and how much tax revue the government creates. </span>
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3 years ago
Indicate all items in the following list that are not consumption goods and services and explain why.Item a​: A chocolate barIte
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Answer: Option B, D , E

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So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.

.

B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.

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