ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Indicates how the progress of the plan will be monitored-VITAL!
A
Budgets
B
Marketing strategy
C
Controls
D
Action programmes
Explanation: 

Detailed explanation-1: -What’s the difference between monitoring and controlling? Monitoring involves collecting and analyzing data gathered from the project. Controlling uses these findings to make changes. With this data, project managers can actively tweak performance to maintain alignment with the original plan.

Detailed explanation-2: -Decide on your project progress tracking method. Make project tracking a team effort. Use the right project tracking tools. Use checklists and milestones. Make project stakeholders aware of the progress. Make effective communication a priority. More items •05-Aug-2022

Detailed explanation-3: -Outline the project. Establish scope, schedule, and budget baselines for benchmarking according to the project plan. Break down the project into subtasks or units of work. Execute the project plan, and report and analyze to identify variances. 08-Mar-2022

Detailed explanation-4: -Use PERT for progress monitoring. Keep track of task statuses with Gantt charts. Implement preset limits for tasks that are not time-critical. Use time estimates and monitor how your team meets them.

There is 1 question to complete.