Objective 1.1 Flashcards
Key Terms
Leading, conducting, guiding someone, ordering something
Direction
- Setting/communicating VISION, PURPOSE, OBJECTIVES, GUIDING PRINCIPLES for a team or org.
- Leading them towards objectives
- Can be formal/informal
Direction
Arranging a METHOD OF ACHIEVING AN END
Planning
Creating a detailed program of action
Planning
A deliberately introduced change that introduces value for stakeholders
Improvement
Enhancing something in value or quality to make it better
Improvement
A conceptual and/or visual representation of how an organization co-creates value with customers/stakeholders, and how the organization runs itself.
Operating Model
A way, technique, or process for doing something.
Method
A process is a type of __________?
Method
A possible event that could cause harm or loss, or make it more difficult to obtain an objective.
Risk
An uncertainty of an outcome
Risk
___________ can be used in the context of measuring the probability of positive or negative outcomes
Risk
Controls are a means of managing __________
Risk
Extent of the areas/activities a person has authority to direct actions of others, or to define the required outcomes
Scope of Control
