All categories

1 year ago

which member of the acquisition team is responsible for forming the acquisition team and leading the team

Business

1 answer:

Alona [7]1 year ago

4 0

Answer:

A project manager.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Hence, it is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

Generally, a project manager is a member of the acquisition team and is responsible for forming the acquisition team and leading the team through the various stages of the project.

You might be interested in

One year ago, Deltona Motor Parts deposited $16,500 in an investment account for the purpose of buying new equipment three years

IgorC [24]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

One year ago, Deltona Motor Parts deposited $16,500 in an investment account to buy new equipment three years from today. Today, it is adding another $12,000 to this account. The company plans on making a final deposit of $20,000 to the account one year from today.

To calculate the future value of the investment, we need to use the following formula:

FV= PV*(1+i)^n

First deposit= 16,500*(1.045^4)= 19,676.56

Second deposit= 12,000*(1.045^3)= 13,694

Third deposit= 20,000*(1.045^2)= 21,840.5

Total= $55,211.06

5 0

2 years ago

Jeffries Roofing: In its proposals, Jeffries Roofing describes the materials to be used and the price. When a customer signs a b

Cerrena [4.2K]

Answer:TRUE

Explanation: A bid is a proposal made by a supplier or contractor to another Organisation who wants to the service or the product of the bidder. A bid is usually requested from different parties and it is contested by the bidders any successful bidder wins the Project or contract.

A bid that is signed by the automatically becomes binding and can be tendered in the court as a legal document.

7 0

2 years ago

World-class performance measures can be used in different functional areas of a firm to satisfy objectives, enhance the value of

Alex777 [14]

Answer:

D) All of these

Explanation:

World class performance measures can be used in different functional areas, for example International Organization for Standardization (ISO) norms apply to all the functional areas of a company:

ISO 9000 - Quality Management
ISO 27000 - Information Security Management Systems
ISO 14000 – Environmental Management
ISO 31000 - Risk Management
ISO 50001 - Energy Management
ISO 26000 - Social Responsibility
ISO 28000: 2007 – Specifications for Security Management Systems for the Supply Chain
ISO 37001: 2016 Anti-Bribery Management Systems
ISO 45001 – Occupational Health and Safety
ISO 22000 – Food Management Systems

Other types of world class performance measures that are not as established and recognized as ISO norms, but are gaining momentum in modern management like World Class Manufacturing (WCM) framework focus on four main areas:

Manufacturing competitive products: measure quality performance
Manufacturing product mix and volume: measure cost performance
Short lead-times and make-to-order: measure delivery performance
New product introductions: measure flexibility performance

5 0

2 years ago

The process of first creating and then developing and strengthening capabilities internally

REY [17]

Answer:

B. requires first developing the ability to do something, however imperfectly or inefficiently perform their assigned activities in a tightly-prescribed manner developed by the company's foremost technical experts second, translating this ability into a tried-and-true competence and/or capability by learning to do the activity consistently well and at an acceptable cost, and then continuing to polish, refine, and sharpen their performance of the competence or capability, striving not just for ongoing improvements but, ultimately, for best-in-industry or best-in-world proficiency

Explanation:

If a company chooses to develop it's competencies and capabilities internally and not externally by maybe choosing to outsource experts or merging or collaborating with companies with required competence and expertise, then they would have to follow through with the process of developing and nurturing internal capability and competencies. To proceed with internal competence, a company would need to hire experts if there are none in the company, these experts would train staff who follow through with the process in the option chosen above.

6 0

2 years ago

The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 3 square feet at $2.50 per square

jeka57 [31]

Answer:

$2,000 and it is favourable

Explanation:

Direct material quantity variance is defined as the efficiency with which materials are converted into products. It is calculated by multiplying standard price of material by the difference between standard quantity and actual quantity used.

Standard price (SP)= $2.50

Standard quantity (SQ)= 30,000 units

Actual quantity (AQ)= 29,200 units

Material quantity variance = SP * (SQ - AQ)

Material quantity variance= 2.50 * (30,000 - 29,200)

Material quantity variance= $2,000

5 0

2 years ago