KPIs should be:
Answer(s): B
Key Performance Indicators should be specific, measurable, achievable, realistic and time-bound; or words very similar to those, meaning broadly the same.
`Something which carries on over time, going round in repetitive circles', is called a:
It's a cycle.This is relevant to the measurement of cycle times, as featured in your syllabus.
In the period in question, the budget for staff overtime and bonuses is zero.The actual expenditure is 2,900.Is this variance:
Answer(s): C
The variance is adverse - more was spent than budgeted - this is not favourable.
`EBI' stands for:
Early buyer involvement
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