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27. ?The focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods is established in which of the following Maturity Model Levels??A.?Ad Hoc Project ManagementB.?Formal Application of Project ManagementC.?Institutionalization of Project ManagementD.?Management of Project Management SystemE.?Optimization of Project Management System * Edward Tong@Copyright reserved Jinan University * 28. The balanced scorecard model differs from selection models by reviewing projects over?A.?1-3 yearsB.?2-4 yearsC.?4-7 yearsD.?5-10 yearsE.?e.10-15 years * Edward Tong@Copyright reserved Jinan University * 29. ?Which of the following is not one of the four performance goals measures in the scorecard model??A.?customerB.?internalC.?financial measuresD.?industry standardsE.?innovation and learning * Edward Tong@Copyright reserved Jinan University * The end * Edward Tong@Copyright reserved Jinan University * * * * * * * * * * * * * * * 16–* The Balanced Scorecard Model Balanced Scorecard Model Assumes that people will take the necessary actions to improve the performance of the organization on the given measures and goals. Reviews projects over a longer horizon—5 to 10 years after the project is implemented than other models. Has a more “macro” perspective than project selection models. Measures performance results for four major areas of activities—customer, internal, innovation and learning, and financial. 16–* Key Terms Balance scorecard Oversight Phase gating Portfolio management Project management maturity Project office (PO) 16–* Increasing Discipline in the Way Projects Are Managed ProjectManagementDiscipline OrganizationCulture MulticulturalProjects InformationTechnology RiskManagement Outsourcing Training 16–* Unresolved Issues How far can virtual project management evolve? How do we manage projects under high levels of uncertainty? 16–* Project Management Ca
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