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A Firm begins it's strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project. Which aspect of project management applies to this firm'...

What is a project? - -Is any temporary endeavor with a specified start and end date that results in a unique product, service, or result. Project management - -involves managing everything about the project to get the desired result. Organizations are complex entities that engage in two types of ...

What is the most basic form of organizational structure? a. Functional b. Matrix c. Projectized - -a. functional Functional organization is straightforward, has clear lines of authority, and is well defined, making it the most basic of the three. Functional organizational structure advantages:...

What is a project? Any temporary endeavor with specific start and end dates that results in a unique product, service, or result What does project management involve? Managing everything about the project to get the desired result What are organizations? Complex entities that engage in two typ...

Operations - -____________ are the ongoing, daily activities of an organization that produces revenue and expense. project - -A ________ is an activity or group of activities to generate a new, unique product, service, or results. portfolio - -A _______ is a group of related programs that suppor...

A ______________with specific project is a project management challenge. a. lack of project management standards b. lack or clear and direct strategic alignment with specific project - -b. lack or clear and direct strategic alignment with specific project. Projects are important to organizations...

Realistic - -________ is the model selection criteria that accurately reflects the way the organization does business. It is appropriate for the level of resources, capabilities, and external environment of the organization. Capable - -________ is the model selection criteria that uses factors th...

The ____________ phase is where the idea for the project is formalized into a project proposal and the decision on whether the project will be implemented is made. a. project planning b. project defining c. Project closing d. project executing - -b. project defining During the project defining...

Before Caesar, the chef, left, he apparently ordered several high-end appliances without anyone's knowledge. The project budget accommodates expenditure for mid-line appliances. What is this an example of? a. Project failure b. Scope creep c. Quality management d. Risk mitigation - -b. scoop ...

Which should NOT be a consideration in the formation of the team? a. Skill differences b. Cultural differences c. Age d. Roles on the project - -c. Age Age is not a consideration in team formation. What are key characteristics that make great teams? a. There is uniform agreement on the end go...

Why is it important for you to do a WBS for your restaurant? (Choose all that apply.) a. It validates everyone's understanding of the project scope. b. It assigns responsibility to resources for tasks and activities for both project specific actions and project management controls. c. It shows ...

What is a risk? a. Changes in the business that cause concerns over the roles and responsibilities of the project personnel b. Uncertainty in the business, organization, or project of an associated action that can impact the outcomes of the project c. Organizational instability caused by intern...

_______________activities are activities that can be performed simultaneously because they involve different resources. Concurrent Decreasing ____________________ is possible by Inspecting tasks to see if they can be made shorter. Critical Path To provide a unique representation of each item on...

Three essential drivers that must be achieved to generate positive characteristics in project teams - - Cohesiveness, Trust, Motivation The five stages Dr. Bruce Tuckman (1965) introduced of group development - -Forming, Storming, Norming, Performing, Adjorning Forming - -In this stage, team mem...