What does an operations auditor do?

What is operational auditing? An operational audit refers to a method of examining how an organization conducts business. It requires analyzing the processes, procedures and systems used within the company. This type of audit looks beyond the organization’s financial circumstances …

Leia mais

What is risk management PMP?

Risk management is a discipline of identifying, planning, monitoring, and managing the uncertainty that could impact project outcomes. As risk can be positive or negative, Risk Management is how to plan and act upon the need to increase a positive …

Leia mais

What is PM book?

Why do we need PMBOK? The PMBOK® goal is to enable organizations to standardize project management practices across departments. It also helps project managers work with a standardized system across organizations. This means that a project manager who moves from …

Leia mais

What is a crisis communication plan?

Crisis communication plans act as blueprints for the company in times of crisis so that they can respond immediately. It is an emergency plan that includes steps of communication and future prevention to help prepare and navigate through unexpected crises. …

Leia mais

What is GE nine cell planning grid?

The GE 9 cell matrix is a way of structuring an organization’s strategy into manageable segments. The GE 9 Cell Model is a process of establishing the organization’s current position in the market. It can then evaluate each of its …

Leia mais

What is agile strategic planning?

Agile strategic planning empowers and encourages portfolio managers to decide for themselves which projects they work on, so long as there is regular communication with executives to make sure the organization is on track and in alignment. What is agile …

Leia mais

What is the transactional theory of leadership?

Transactional leadership theory is based on the idea that managers give employees something they want in exchange for getting something they want. It posits that workers are not self-motivated and require structure, instruction and monitoring in order to complete tasks …

Leia mais

What are the building blocks of success?

What is the building block of successful organization? For example, understanding and aligning to your organizational vision, mission, leadership, strategies, systems, and culture is critical for success. In addition, a disciplined methodology and understanding of key business drivers are imperative. …

Leia mais

What is the micro environment in marketing?

What is meant by micro environment in marketing? the factors or elements in a firm’s immediate environment which affect its performance and decision-making; these elements include the firm’s suppliers, competitors, marketing intermediaries, customers and publics. What is the macro environment …

Leia mais

Can a project sponsor be a stakeholder?

The project sponsor should be viewed as a stakeholder who is always willing to listen and get involved as needed—to be used as a sounding board and to provide advice and guidance. Are sponsors considered stakeholders? The project sponsor, generally …

Leia mais

How does Porter’s five forces apply to an industry?

Porter’s Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry’s weaknesses and strengths. Five Forces analysis is frequently used to identify an industry’s structure to determine corporate strategy. …

Leia mais

How do you set an appraisal goal?

What should I write for goal in appraisal? Goal Setting Process Specific – clearly defined. Measurable. Quality – how well/what value? Quantity – how many/what number or frequency? Cost – how much/what amount? Attainable – challenging, yet achievable. Relevant/Realistic – …

Leia mais

What are the audit procedures?

Audit procedures are the techniques, processes, and methods that auditors use to obtain reliable audit evidence, which enables them to gain a sound judgment about an organization’s financial status. Audit procedures are conducted to help determine whether or not a …

Leia mais

What does a project manager do in Scrum?

Scrum Master Vs Project Manager Parameter Project Manager Scrum Master Primary Role Works closely with the management and manages the team to ensure delivery Scrum ceremony facilitator uses tools to ensure smooth delivery, executes the product backlog and motivates the …

Leia mais

What is sport strategy?

What is a strategy in sport? Strategy is basically laying down the goals and making a plan to get there. In sport, this is something like, having the goal to win the season or win the match as well as …

Leia mais

Who gave the trait theory of leadership?

Researcher Thomas CarlyleThomas Carlyle first proposed the theory in the 1800s. Who created trait leadership theory? Thomas Carlyle What is Carlyle and Galton’s Trait Theory of Leadership? Notable trait-based theorists are Thomas Carlyle (1795 – 1881) and Francis Galton (1822-1911). …

Leia mais