Question

An organization usually commits more money as a project continues, therefore a management review should occur after each phase to evaluate progress, potential success, and continued compatibility with organizational goals. T/F

Answer 1

Answer:

True

Explanation:

An organization involved with the production and rendering of goods and services to the public in commercial quantities without proper Management review stands a huge risk of Bankruptcy.

Hence an organization that usually commits more money as a project continues should ensure to have a management review of each phase/stage of the project before committing more funds to the project. this is to ensure that the organizational goals are met at each stage before moving onto the next phase/stage of the project and also to ensure that the funds are used judiciously by the project manager(s

Answer 2

Answer:

True

Explanation: Management review is a term used to describe the process of Evaluating the Performance of a project or Activity in order to assess opportunities to improve and the need to make necessary changes that can help to improve or mitigates certain abnormalities found out.

MANAGEMENT REVIEW IS KEY TO EVERY PROJECT SUCCESS AS IT HELPS TO ENSURE THAT THE PROJECT PLAN IS NIT ALTERED AND IT IS DELIVERED AT THE BEST POSSIBLE TIME AND COST.