BUSINESS ADMINISTRATION
BUSINESS COMMUNICATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To monitor and control operations
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Increased productivity
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To evaluate and improve the performance of workers
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A business letter that promotes and sustains goodwill.
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Detailed explanation-1: -The goal is to measure vital parts of its production chain to improve machine downtimes and operational costs. Operational reporting is also useful for monitoring the complete production line, measuring individual employee efficiency, and analyzing defect rates.
Detailed explanation-2: -The primary purpose of monitoring and control in project management is to identify problems before they occur and make adjustments. These changes may require reevaluating and updating the project plan.
Detailed explanation-3: -Monitoring and evaluation are essential management functions that are interactive and mutually supportive. They help UNDP to ensure accountability in the use of resources entrusted to it; provide a clear basis for decision-making; and offer practical lessons from experience to guide future development interventions.
Detailed explanation-4: -The Monitoring and Controlling Process Group consists of those processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes.
Detailed explanation-5: -The monitoring and control process of a project allows managers to establish effective project timelines including scope, budget and schedule. This information can then be used to monitor the progress of the project throughout its lifecycle.