Achieving Strategic Business Initiatives

Front

What must projects selected by an organization be related to?

Back

Projects must be related to the organization's strategy.

Front

Why is the commitment of resources to a project substantial?

Back

Because project results must support the organization's goals to ensure its survival.

Front

What does a business's strategy consist of?

Back

Employing activities and tactics to meet the business's goals.

Front

Name one tactic to increase market share and profits.

Back

Entry into a new market segment.

Front

How can customer retention be achieved?

Back

By providing top-notch customer service.

Front

What is a way to reduce costs in a business strategy?

Back

Providing the best tools and systems to employees.

Front

Who determines the strategy in a business?

Back

Senior management.

Front

What is the goal of a business strategy?

Back

To improve the company's value to its stakeholders.

Front

What are the three criteria for project success?

Back

Scope, schedule, and budget.

Front

What does the project scope relate to?

Back

Product, service, result, etc.