A firm begins its strategic business initiative of developing a new business model that will
allow the firm to deliver an efficient, tailored service to
... [Show More] its customers. To accomplish this, the
firm initiates a business management project.
Which aspect of project management applies to this firm’s project?
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Independent operations
Interdependent tasks
Regulatory concept
External environment
2. A firm begins its strategic business initiative of developing a new business model to
enhance its competitiveness.
What can be identified as a strategic business initiative for this firm?
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Timely payment of liabilities
Liaison with regulatory agencies
Improvement in product design
Environmental scanning
3. A firm begins a strategic business initiative of developing a new business model that will
allow the firm to deliver an efficient, tailored service to its customers.
Which stakeholder would have triggered this strategic business initiative?
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Director of operations
Production supervisor
Project sponsor
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Financial controller
Project Management and the Project Manager
4. Which group is included in the five process groups?
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Risk process group
Closing process group
Communication process group
Quality process group
5. What does PRINCE2 stand for?
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PRoject INsights for CompEtitiveness
PRojects IN a Competitive Environment
PRoject INsights and CompEtencies
PRojects IN a Controlled Environment
6. Which PMBOK process group is described as the delivery part of project management
where the main activity happens?
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Planning
Executing
Controlling
Closing
Organizational Structures
7. Which advantage does the functional (departmentalized) organizational structure provide
for a firm with multiple projects?
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Lines of authority are clear.
The project customer is the only focus.
It is efficient for collaboration and cooperation between departments.
Each project is managed holistically. [Show Less]