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Stolb23 [73]
2 years ago
13

What two steps can a project manager take to overcome the planning fallacy?

Business
1 answer:
Lemur [1.5K]2 years ago
3 0

Two steps that a project manager should take to overcome the planning fallacy are:

A) Meet with teammates to uncover potential risks.

C) Consider all risks and carefully examine them.

The planning fallacy is a phenomenon in which predictions about how an awful lot of time might be wished to finish a future task show an optimistic bias and underestimate the time needed.

commonly, participants in those research show off the making plan fallacy. As an example, college college students are generally renowned that they've commonly completed beyond assignments very close to their deadlines, yet they insist that they will end the following undertaking well in advance of the brand new cut-off date.

The making plans fallacy refers to a prediction phenomenon, all too familiar to many, wherein humans underestimate the time it'll take to finish a future task, in spite of the information that previous responsibilities have commonly taken longer than planned.

<em>The question is incomplete. Please read below to find the missing content.</em>

<em />

What two steps can a project manager take to overcome the planning fallacy?

A)Meet with teammates to uncover potential risks.

B)Expand the project’s scope.

C)Consider all risks and carefully examine them.

D)Increase the project’s budget.

Learn more about the planning fallacy here brainly.com/question/9087023

#SPJ1

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Nina [5.8K]

Answer: Statement C

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If a firm wants to become a high performance, the employees working in it must be efficient in their jobs and it is dependent on selection process.

If the recruiter keeps the process of recruitment completely job related and legal checks are done then it can lead to high performance.

4 0
4 years ago
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The value of the surplus that is lost to buyers and sellers but converted into tax revenue may?
frozen [14]

The amount of the surplus that is worthless to buyers and sellers but becomes tax income may be transferred to someone else through public policies, but it is not lost.

More about public policies:

The majority of the time, a government's established policies, laws, and behaviours make up its public policy. Concern over the new structure of government calls attention to how frequently state agencies now carry out these functions rather than the state itself.

By endorsing politicians and political parties, several individuals and organisations attempt to have an impact on public policy through the political process.

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brainly.com/question/24262123

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8 0
2 years ago
Assigning discount rates to individual projects based on the risk level of each project:
EleoNora [17]

Answer: c. May cause the company's overall weighted average cost of capital to either increase or decrease over time.

Explanation:

Weighted Average Cost of Capital (WACC) as the term implies, is a weighted average of the various rates that the company uses to source capital. If therefore, the company assigns different discount rates based on risk level, WACC will either increase or decrease overtime.

With better discount rates, the WACC will decrease to reflect the lower risk and with worse rates, WACC will increase to reflect the higher risk associated with the company. .

3 0
3 years ago
Suppose US follows a fixed exchange rate regime. Decrease in import tariff on Mexican good by the US government will lead to of
Serjik [45]

Answer:

D) Undervaluation, buy

Explanation:

If the US government has a fixed exhange rate with the Mexican peso, and then, lowers tariffs on mexican goods, mexican goods will become cheaper for the American consumer, and American consumers will start to import more of them.

They will pay for those Mexican goods with US dollars that will leave the American economy, leaving the Fed with more Mexican pesos than US dollars than before.

In order to keep the exchange rate fixed, now the Fed will have to buy US dollars in the open foreign exchange market in order to reach equilibrium again.

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3 years ago
Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made
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Answer:

A

Explanation:

If he had conducted a focus group the prospective customers would have had the opportunity to explain to him why the price was to high prior to him launching the product.

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