Project Management C783 Exam | Questions and Verified Answers | Latest Update 2024/2025 | Graded A+

Project Management C783 Exam | Questions and Verified Answers | Latest Update 2024/2025 | Graded A+ IRR (internal rate of return) - Answer -The discount rate when the present value of the cash inflows equals the original investment. Projects with higher IRR values are generally considered better than projects with lower IRR values. IRR assumes that cash inflows are reinvested at the IRR value. Operation - Answer -Operation is a function that performs ongoing taks and constitutes an organization's on-going, repetitive activities such as accounting or production. It is used to run regular business models and is performed to achieve business goal and sustain the business Organization - Answer -Organization is a process of dividing work into sections and departments. It involves allocation of authority, responsibility, and duties among all the members of an enterprise. It is a group of individuals organized to work for some purpose or mission. Payback period - Answer -The length of time it takes a company to recover the initial cost of producing a product or service of a projectPerforming organization - Answer -performing organization is referred to as the specific enterprise or group that is viewed by all parties to be the one that is most directly and explicitly involved in all phases and aspects of doing any and all work of the given and respective project. It is the organization that is performing the project. Portfolio management - Answer -Portfolio management is the centralized management of one or more portfolios that help in identifying, authorizing, prioritizing, managing, and controlling projects, programs, and other related work for attaining particular business objectives in the strategic plan of the