All categories

2 years ago

What is it called when a project manager involves stakeholders in decision-making to reach a broader consensus?

Business

1 answer:

MArishka [77]2 years ago

7 0

Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.

<h3 /><h3>What is Stakeholder buy-in?</h3>

Stakeholder are important people in the business or company.

They usually have a share in a business or organization. Some of them are committed to a company with their substance and are usually involved when making important decision.

Therefore, Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.

Learn more on Stakeholder below

brainly.com/question/15532995

#SPJ1

You might be interested in

Which is the correct order of the following steps in the accounting cycle? Prepare financial statements, journalize and post adj

murzikaleks [220]

Answer:

Explanation:

Prepare a post-closing trial balance.Step 9

Prepare an adjusted trial balance.Step 6

Analyze business transactions.Step 1

Prepare a trial balance.Step 4

Journalize the transactions.Step 2

Journalize and post closing entries.Step 8

Prepare financial statements.Step 7

Journalize and post adjusting entries.Step 5

Post to ledger accounts.Step 3

3 0

3 years ago

Barry's Hobbies produces and sells a luxury animal pillow for $80.00 per unit. In the first month of operation, 3,000 units were

Alla [95]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

In the first month of operation, 3,000 units were produced and 2,250 units were sold.

Actual fixed costs are the same as the amount budgeted for the month.

Other information for the month includes:

Variable manufacturing costs $38 per unit

Variable marketing costs $ 2 per unit

Fixed manufacturing costs $60,000 per month

Administrative expenses, all fixed $12,000 per month

Finished goods 750 units

Absorption costing= variable manufacturing costs + fixed overhead

Absorption costing= 38 + (60,000/3,000)= $58

Cost of goods sold= 58*2,250= $130,500

5 0

3 years ago

The project team working on the XK11 could not meet its deadline and was given an extension. When that same team was assigned th

denis-greek [22]

Answer:

Rewards for inefficiency

Explanation:

Rewards for inefficiency refers to simply rewarding an employee or group of employees for not doing their work properly. In this case, the team that was working on project XK11 is inefficient and they are simply lazy or bad at what they do, and instead of taking actions to correct this bad behavior, management rewards them by giving them more time = less work.

The problem with this scenario, is that the team that is currently working on project YK12 will eventually realize that they are being punished for being efficient and working properly. They will soon start being inefficient and lazy as the other team in order to be rewarded.

7 0

4 years ago

Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Chec

Sauron [17]

Answer:

Providing tax breaks and patents for firms that pursue research and development in health and sciences.

Explanation:

The policies that need to be taken care of are the to develop and enhance skills and more smarter R and D functioning. through the development of the infrastructural and international trade.

The business relations and includes taking tax breaks and providing the patents to the forms in the areas of health and sciences and depends on the savings and investment in the new technology and human resources.

5 0

3 years ago

Productive inefficiency could arise from a. a waste of available labor b. a lack of resources c. an improvement in technology d.

kolezko [41]

Answer:

The correct answer is a. a waste of available labor.

Explanation:

Productive efficiency (also known as technical efficiency) occurs when the economy is using all its resources efficiently, producing maximum production with minimum resources. The concept is illustrated in the Production Opportunity Frontier (FPP) in which all points of the curve are the points of maximum productive efficiency (that is, no more products can be achieved from the present resources).

This happens when the production of an economic good is achieved at the lowest possible cost, given the production of another good (s). In other words, when it is achieved, given the need to produce other goods, the highest possible productivity of a good. In a situation of long-term equilibrium for markets in perfect competition, it is where the average cost is the base on the average of the total cost curve, that is, the cost curve where CM = A (T) C.

6 0

4 years ago