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MAN 320F - Test 3/FINAL Exam Questions and Answers Graded A+ What is the purpose of a “stakeholder matrix” in project management? To categorize and prioritize stakeholders based on their level of interest and influence to tailor communication and engagement strategies. How can “orga...

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  • September 10, 2024
  • 40
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • man 320f test 3final exam questions and answers

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MAN 320F - Test 3/FINAL Exam
Questions and Answers Graded A+
What is the purpose of a “stakeholder matrix” in project management?


✔✔ To categorize and prioritize stakeholders based on their level of interest and influence to

tailor communication and engagement strategies.




How can “organizational structure” impact decision-making?


✔✔ It determines the hierarchy and flow of information, affecting how decisions are made and

implemented within the organization.




What is “strategic alignment” and why is it important?


✔✔ Ensuring that all organizational activities and resources are aligned with strategic goals to

maximize efficiency and achieve desired outcomes.




How does “conflict resolution” contribute to effective team management?


✔✔ By addressing and resolving disputes constructively, it maintains team cohesion and

productivity, leading to a healthier work environment.




1

,What role does “project scope management” play in project success?


✔✔ It defines and controls what is included and excluded from the project, ensuring that

objectives are met without scope creep.




How can “time management” techniques improve project outcomes?


✔✔ By prioritizing tasks, setting deadlines, and avoiding procrastination, managers ensure that

projects are completed on schedule and within budget.




What is the concept of “organizational culture” and how does it affect performance?


✔✔ It encompasses shared values and behaviors within an organization, influencing employee

motivation, satisfaction, and overall performance.




How can “risk assessment” improve project planning?


✔✔ By identifying potential risks early, it allows for the development of strategies to mitigate or

manage these risks, reducing their impact on the project.




What is “benchmarking” and how is it used in performance evaluation?


✔✔ Comparing organizational practices and performance metrics against industry standards to

identify areas for improvement and achieve best practices.

2

,How does “strategic management” contribute to long-term organizational success?


✔✔ It involves setting long-term goals, analyzing external and internal environments, and

formulating strategies to achieve sustained competitive advantage.




What is the purpose of "organizational culture" in a business?


✔✔ It defines the shared values, beliefs, and practices that shape employee behavior and

influence the organization’s work environment.




How does "effective communication" contribute to team success?


✔✔ By ensuring that information is clearly conveyed and understood, which helps prevent

misunderstandings and improves collaboration.




What is “strategic management” and why is it important?


✔✔ It involves formulating and implementing strategies to achieve long-term goals, guiding the

organization’s direction and ensuring competitive advantage.




What role does "conflict resolution" play in management?




3

, ✔✔ It involves addressing and resolving disagreements among team members to maintain a

positive and productive work environment.




How can "performance appraisals" benefit an organization?


✔✔ By evaluating employee performance regularly, it helps in providing feedback, identifying

development needs, and making informed decisions on promotions or rewards.




What is "change leadership" and how does it impact an organization?


✔✔ It refers to guiding and managing the process of organizational change to ensure smooth

transitions and achieve desired outcomes.




How does "financial management" affect business operations?


✔✔ It involves planning, organizing, and controlling financial resources to ensure the

organization can meet its goals and sustain growth.




What is the significance of "market analysis" for strategic planning?


✔✔ It helps in understanding market trends, customer needs, and competitive dynamics to make

informed decisions and develop effective strategies.




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