You are delivering an introduction to a project management training session to new teammembers. One team member appears confused about the exact definition of a project. What isthe BEST definition of a project?O a. The ongoing management of a business enterprise to achieve profitability.O b. A body of work constrained by finances and time.O c. An organized effort of work by a team managed by a project manager.O d. A temporary endeavor undertaken to create a unique product or service.

A project is a temporary endeavor undertaken to create a unique product or service. It's a body of…

Answered: You are delivering an introduction to a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Similar questions

Issues in project management include a. level of effort. b. period of performance. c. budget. d. all of the above. e. a and c only.
Which of the following are major characteristics of projects? Choose all that apply. Has a defined life span with a beginning and an end Requires all project activities to be completed by the same team Has specific performance, time, and cost requirements Has an established objective
Having a solid understanding of the project's map will be beneficial. taking into account the effects of the product.
Hello I am having trouble with these two study questions for my software class. Please let me know if you can help me out. Thanks. Programmer's are overly optimistic when they estimate how long activities will take. True False Recording lessons learned from past projects is not a good source of information for estimating current projects because all projects are different. True False
Part of monitoring a project as well as closing a project is to assess the project team's performance. In your opinion, why is it necessary for the project manager to assess the performance of both the individual team members and the project team as a whole? Is it necessary to assess both? Provide your opinion and support your answer with an explanation.
Which one of the following is not a project management technique? A. Project definition B. Scope of work C. Task analysis D. Stakeholder management
Your organization has decided to hire 2 new project managers. As you know when someone is hired from outside the organization there is a tendency for employees to have their own philosophy as it relates to managing projects. Given what you read in Chapters 5 and 6 in our text book, create a list of 5 best practices you believe are important to help the new employees understand how to estimate project times and costs as well as developing a project plan (Note: You can use your current organization to complete this discussion. Consider this an opportunity to right any wrongs you currently see in your organization).
Which one of the following best describes why IT projects frequently fail at least to some degree? a. Increasing number and range of project stakeholders b. Increasing complexity of ICTs c. Increasing number of issues around data ownership, resources, and priorities d. All of the above
During the __________ stage of the project lifecycle, there is no significant difference in the importance that project managers place on the three goals of cost, time, and scope. a. phaseout b. main c. buildup d. formation
Which document assists the project team to prevent a repeat of ineffective processes to carry out a project? O A. Scope Statement B. Project Management Plan O C. Lessons Learnt Report O D. Project Charter
Please original work Talk about what needs to be done as part of closing a project. Why are these activities important? List several questions that you would ask during a post-project evaluation and describe changes that you would make in your next project to improve based upon possible responses to the questions. Please cite references (please include web links)
The use of milestones assists in the tracking of project progress. In many of the client environments where I consult, there are a standard set of milestones used to allow all projects to have an understandable milestone-to-milestone tracking mechanism, and the standard allows all project workers to easily understand the attainment of progress for any and every project in the environment. How are milestones used in your work environment?

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