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HW Definitions (10-0014) - performances-According to PMA...

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Valerie Bodden Kluge (10-0014) Project Management Professor Carlos March 28, 2011 Homework Define the following -Key Performance Indicators (KPI): Is a criterion used to determine the degree to which an outcome is achieved. KPIs are commonly used by an organization to evaluate its success or the success of a particular activity in which it is engaged. KPI’s show the progress toward realizing the firm's objectives or strategic plans by monitoring activities which would likely cause severe losses or outright failure . -Process Standardization: The ability to realize in practice, immediately as well as in the long run, a set of methods and conditions that make possible repeated high
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Unformatted text preview: performances.-According to PMA project closing phase: According to the PMA, to close a project you must finish all of the activities and transfer the complete work to the appropriate people. The outputs resulting this are: Final product, service or result transition (Project sponsors are usually the ones most interested in making sure everything was done as it was supposed to be. Reports and presentations are commonly used during closing periods) Updates to organizational process assets: (this is done to help people understand, follow, and improve business procedures)....
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