http://www.alsenosy.com | http://www.professionalengineers.uso Government or industry standards. Examples include regulatory agency regulations and standards
related to products, production, environment, quality, andworkmanship.
o Financial considerations. Examples include currency exchange rates, interest rates, inflation rates,
tariffs, and geographic location.
o Physical environmental elements. Examples include working conditions, weather, andconstraints.
o An organization's value and principle, while not explicitly stated, are related to organizational
culture and thus are internal to anorganization.
- Answer: C.
PMBOK® Guide, page 43 , Section 2. 4. 2. 1
Governance is the framework within which authority is exercised in
organizations. This framework includes, but is not limited to:
o Rules,
o Policies,
o Procedures,
o Norms,
o Relationships,
o Systems,and
o Processes.
This framework influenceshow:
o Objectives of the organization are set andachieved,
o Risk is monitored and assessed,and
o Performance is optimized.
Specific techniques are low-level details not usually specified bygovernance.
- Answer: A.
PMBOK®Guide,pages 44 – 45 ,Section 2. 4. 3
Managementelementsarethecomponentsthatcomprisethekeyfunctionsorprinciplesofgeneral
management in the organization. The general management elements are allocated within the
organizationaccordingtoitsgovernanceframeworkandtheorganizationalstructuretypeselected.