Best Practices

Best practice is a technique, method, process, activity, incentive or reward that is more effective at delivering a particular outcome than any other technique, method, process, etc. Best practices can also be defined as the most efficient (least amount of effort) and effective (best results) way of accomplishing a task, based on repeatable procedures that have been proven over time in a variety of circumstances. Best practices vary by industry or geography depending on the environment being used. Best practice methodology may be applied with respect to resources, activities, cost object, or process.

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