TPM - Wrapping Up

What does "information asymmetry" mean in translation project management?

• Equal knowledge between all parties

• Lack of knowledge on one side of a transaction

• Overlapping roles of project managers and vendors

• Standardized workflows across all projects

What are the three primary constraints in translation projects?

• Speed, accuracy, and feedback

• Cost, speed, and quality

• Collaboration, consistency, and rates

• Automation, status, and pay

What term describes low-cost services provided in segments, often using automation?

• Uberisation

• Bulk translation

• Micro-translation

• Platform services

Who is typically the "principal" in agency theory applied to translation?

• Vendor

• Client

• Project Manager

• LSP

What does "adverse selection" in the translation industry refer to?

• Poor vendor payment systems

• Difficulty in distinguishing between good and bad suppliers

• Competition between vendors

• Delays in project delivery

What role does a project manager primarily occupy in translation projects?

• Principal only

• Professional and agent only

• Professional and principal

• Vendor

What is "Uberisation" in the translation industry?

• Automating all translation processes

• Commoditization and platform-based services

• Elimination of human translators

• Collaboration through in-person meetings

What is the role of CAT tools in modern translation workflows?

• Replace human translators

• Improve collaboration and efficiency

• Increase project costs

• Create micro-translations

What term refers to splitting translation content into smaller sections for processing?

• Automation

• Workflow chunking

• Micro-translation

• Task segmentation

Which stakeholder is often least knowledgeable about translation processes?

• Client

• Vendor

• Project Manager

• LSP