Asked by Donna Simko on May 30, 2024
Verified
The time associated with planning a project can yield returns through reduced implementation time and costs.
Implementation Time
The period required to put a plan, project, or policy into effect.
Returns
The profits or benefits gained from an investment or venture.
- Grasp the benefits that thorough planning brings in terms of time and cost savings during project execution.
Verified Answer
TT
tonia thorpe
Jun 05, 2024
Final Answer :
True
Explanation :
Planning helps in identifying potential obstacles and risks that can be addressed proactively, thus reducing the time and costs associated with project implementation. A well-planned project can help in streamlining the project execution process and ensuring that resources are utilized optimally, leading to a more efficient project completion.
Learning Objectives
- Grasp the benefits that thorough planning brings in terms of time and cost savings during project execution.
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