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Match the following statements to the correct steps Track and repeat progress measurement Identify the key performance metrics Collect internal and external data on performance Step 1 Choose... • Choose... • Choose external companies or industry indicators to benchmark Choose... • Adapt and implement the best practices Choose... • Analyse the data and identify opportunities for improvement Choose... • Establish benchmarking objectives Select what to benchmark 1. measures Measure operational efficacy Generally compared to a baseline measure Usually, direct financial impact is readily available 2. measures Choose... • Choose... ⚫ 0 ㅁ 0 3. 0 Determine success or failure Comparison against budgeted expectations May need some efforts to be quantified where direct financial impact is not available measures Measure quality standard ㅁ Benchmark usually set for industry standard of quality or close to thereof. D May need efforts to translate the quality impact in financial terms 4. measures Determine compliance status

Match the following statements to the correct steps Track and repeat progress measurement Identify the key performance metrics Collect internal and external data on performance Step 1 Choose... • Choose... • Choose external companies or industry indicators to benchmark Choose... • Adapt and implement the best practices Choose... • Analyse the data and identify opportunities for improvement Choose... • Establish benchmarking objectives Select what to benchmark 1. measures Measure operational efficacy Generally compared to a baseline measure Usually, direct financial impact is readily available 2. measures Choose... • Choose... ⚫ 0 ㅁ 0 3. 0 Determine success or failure Comparison against budgeted expectations May need some efforts to be quantified where direct financial impact is not available measures Measure quality standard ㅁ Benchmark usually set for industry standard of quality or close to thereof. D May need efforts to translate the quality impact in financial terms 4. measures Determine compliance status

Information Technology Project Management
Information Technology Project Management
9th Edition
ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Kathy Schwalbe
Chapter11: Project Risk Management
Section: Chapter Questions
Problem 2RC
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Match the following statements to the correct steps Track and repeat progress measurement Identify the key performance metrics Collect internal and external data on performance Step 1 Choose... • Choose... • Choose external companies or industry indicators to benchmark Choose... • Adapt and implement the best practices Choose... • Analyse the data and identify opportunities for improvement Choose... • Establish benchmarking objectives Select what to benchmark 1. measures Measure operational efficacy Generally compared to a baseline measure Usually, direct financial impact is readily available 2. measures Choose... • Choose... ⚫ 0 ㅁ 0 3. 0 Determine success or failure Comparison against budgeted expectations May need some efforts to be quantified where direct financial impact is not available measures Measure quality standard ㅁ Benchmark usually set for industry standard of quality or close to thereof. D May need efforts to translate the quality impact in financial terms 4. measures Determine compliance status
Transcribed Image Text:Match the following statements to the correct steps Track and repeat progress measurement Identify the key performance metrics Collect internal and external data on performance Step 1 Choose... • Choose... • Choose external companies or industry indicators to benchmark Choose... • Adapt and implement the best practices Choose... • Analyse the data and identify opportunities for improvement Choose... • Establish benchmarking objectives Select what to benchmark 1. measures Measure operational efficacy Generally compared to a baseline measure Usually, direct financial impact is readily available 2. measures Choose... • Choose... ⚫ 0 ㅁ 0 3. 0 Determine success or failure Comparison against budgeted expectations May need some efforts to be quantified where direct financial impact is not available measures Measure quality standard ㅁ Benchmark usually set for industry standard of quality or close to thereof. D May need efforts to translate the quality impact in financial terms 4. measures Determine compliance status
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