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The Standard of Value is the benchmark against which the Department of Finance (DoF) assesses the value for money of government expenditure. It is used to inform government decision-making on the best use of public resources. The Standard of Value is also known as the cost-benefit analysis. Which of the following is the main objective … Read more
Business Process Redesign (BPR) is a systematic approach to improving the efficiency and effectiveness of business processes. It involves the identification and redesign of business processes to achieve specific objectives such as reducing costs, increasing revenues, or improving customer satisfaction. BPR typically begins with a business needs assessment to identify opportunities for improvement. Once potential … Read more
