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shtirl [24]
1 year ago
6

Why do project managers have to be aware of organizational culture to help guide a project to success?

Business
1 answer:
natulia [17]1 year ago
6 0

<u>To be able to communicate with </u><u>various departments</u><u> as well as </u><u>external stakeholders.</u>

What are the three ways that organizational culture impacts project management?

Project management can be impacted by organizational culture and project management culture in at least four different ways:

  • Interdepartmental communication,
  • goal-setting by employees,
  • project planning,
  • performance evaluation.

What are the critical success factors for organizational structure and culture in project management?

These include elements of the organization's external environment, human factors, project factors, project work procedures, and project implementation.

Why do project managers have to be aware of organizational culture?

  • Organizational culture has an impact on how employees work together to accomplish common goals.
  • A culture that promotes and actively works to improve project management practices is likely to prosper.
  • Focus on simple-to-measure behaviors and actions if you need to change people's attitudes

Learn more about Organizational Culture

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Luthan Company uses a predetermined overhead rate of $22.60 per direct labor-hour. This predetermined rate was based on a cost f
Anit [1.1K]

Answer:

$248,600

Explanation:

The computation of amount of manufacturing overhead is shown below:-

Amount of manufacturing overhead would have been applied = Predetermined overhead rate × Actual direct labor-hours

= $22.60 × 11,000

= $248,600

Therefore for computing the amount of manufacturing overhead we simply multiply the Predetermined overhead rate with Actual direct labor-hours

5 0
2 years ago
Which of the following are arguments in favor of active stabilization policy by the government? Check all that apply. a) Busines
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Answer:

D) Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.

Explanation:

The Federal Reserve (FED) can respond to excessive pessimism among consumers and businesses by expanding the money supply and lowering interest rates. To deal with excessive optimism they can do the opposite, they can shrink the money supply and increase the interest rate.

4 0
3 years ago
A closed economy has income of $1,000, government spending of $200, taxes of $150, and investment of $250. What is private savin
skad [1K]

Answer: c. $300

Explanation:

Private Saving is income less taxes and consumption so is calculated by the formula;

= Y - C - T

= Income - Consumption - Taxes

Find Consumption

Y - C - G = I

Income - Consumption - Government spending = Investment

1,000 - C - 200 = 250

C = 1,000 - 200 - 250

C = $550

Private Saving is therefore;

= 1,000 - 550 - 150

= $300

8 0
3 years ago
XYZ Corporation 10-year bonds paid its annual coupon of $110 yesterday. There are seven (7) annual coupons remaining. The bond h
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Answer:

Price of the bond is $1,215.57

Explanation:

Price of the bond is actually the present value of all cash flows of the bond.  Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $110 x [ ( 1 - ( 1 + 7% )^-7 ) / 7% ] + [ $1,000 / ( 1 + 7% )^7 ]

Price of the Bond = $592.82 + $622.75

Price of the Bond = $1,215.57

4 0
3 years ago
The legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. This
V125BC [204]

Answer: indenture

Explanation:

The bond indenture is a legal contract that or covers a purchase obligation or a debt.

Therefore, the legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond indenture. This document describes the number of bonds authorized, their par value, and the contract interest rate.

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3 years ago
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