Business Vocab

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Across
  1. 3. is its “sponsor”—perhaps a high-ranking person in the business who has the authority to mobilize the necessary resources to get the project done.
  2. 4. Stage 1 where Ideas begin
  3. 7. is pay for work completed.
  4. 10. those who have an interest in the outcome of the project)
  5. 14. to be successful, employees must establish good working relationships—both with each other and with managers and supervisors.
  6. 17. a person employed for wages or salary, especially at nonexecutive level.
  7. 18. the company department charged with finding, screening, recruiting, and training job applicants, as well as administering benefits.
  8. 19. Stage 4 the project manager’s job during this stage is to make sure the project stays on track and to take appropriate corrective measures if it doesn’t
  9. 21. Stage 5- Its a wrap- The most important task in the closing stage is delivering the end product that the project was designed to create.
  10. 24. a legally binding agreement between an employer and employee used to define the working relationship.
  11. 26. a written narrative that describes the general tasks, or other related duties, and responsibilities of a position.
  12. 27. the development of knowledge about various aspects of business, including regulations, best practices, and necessary skills for success.
  13. 28. a company adheres to the applicable rules and laws.
Down
  1. 1. the people who work to produce goods and services, and they are invaluable to a company.
  2. 2. the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.
  3. 5. a group of two or more employees who join together to advance common interests such as wages, benefits, schedules and other employment terms and conditions.
  4. 6. includes the same information as a statement of work, but it serves as a more formal, external document.
  5. 8. The result the project was created to deliver.
  6. 9. Stage 2 where the project plans are documented, the project deliverables and requirements are defined, and the project schedule is created.
  7. 11. a planned set of activities for imparting knowledge to employees, such that it leads to a growth in job skills required for organizational growth.
  8. 12. Is the time frame in which the project must be completed.
  9. 13. Is the process of planning, staffing, leading, and organizing those employees.
  10. 15. a business practice in which services or job functions are hired out to a third party on a contract or ongoing basis.
  11. 16. the continuous process of finding, selecting evaluating and developing a working relationship with current or future employees.
  12. 20. Stage 3 involves carrying out the actual project.
  13. 22. What the project will and will not do
  14. 23. process in business management is when managers set, measure and refine their business operations and manage cost control.
  15. 25. are everything needed to complete the project. This list includes people, money, equipment, materials, etc.