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4 years ago

Which is a part of the project initiation phase?

Business

1 answer:

Zepler [3.9K]4 years ago

7 0

Answer:

The answer to this question is given below in the explanation section.

Explanation:

Project initiation is the first phase of any project management life cycle. In this phase, project objectives, feasibility, scope, purpose and what deliverable will be produced are define. Overall, this phase of project management has six key steps that you take to properly initiate the new project.

These key steps are given below:

Develop a business case
undertake a feasibility study
Establish the project charter
Appoint the project team
Setup the project office
Perform a phase review.

So, the correct option for this question is E that is setting the stakeholder's expectation. As you know that every project has different internal and external key stakeholders. And, each stakeholder has a different expectation. These expectations are considered during undertaking a feasibility study in which a business case is built.

Why other options are not correct.

Implementing a project is part of the execution phase of the project. Testing the project process is the monitoring phase of the project while performing the audit and training the user are parts of project closure and deployment respectively.

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3 years ago

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Advantages corporations had over small business included: a. raw material discounts b. reduction of unit cost c. specialists d.

kondaur [170]

Answer:

a. Raw material discounts

b. Reduction of unit cost

c. Specialists

d. Better production methods

Explanation:

a. Corporations have various advantages over small businesses. Because they buy raw materials in bulk they are able to negotiate volume discount. This gives them more advantage over the small business who cannot buy in bulk.

b. A fall out from the above is reduction of unit cost or average cost, when discount is received it reduces the total cost of material and by implication the unit cost.

c. Because of their size and financial strength, corporation is able to attract qualified employees as opposed to small businesses that are limited by their financial position.

d. Corporations because of their financial strength are able to finance research with view to discovering a better production methods. This may be impossible to small businesses.

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4 years ago

The resource-based model argues that: a. all resources have the potential to be the basis of sustainable competitive advantage.

zmey [24]

Answer:

d. resources that are valuable, rare, costly to imitate, and non-substitutable form the basis of a firm's core competencies.

Explanation:

The resource-based model argues that only resources that are valuable, rare, costly to imitate, and non-substitutable; form the basis of a firm's core competencies.

According to the proponents of resource-based model, Intangible assets that have no physical presence like Brand reputation, trademarks and intellectual property are all intangible assets unlike physical resources, cannot buy from the market by other competitors. They are developed within a company and constitute the source of sustainable competitive advantage.

In particular, the resources that generate competitive advantage are those that possess the VRIO characteristics,which implies that they are

Valuable, hence there will be no competitive disadvantage

Rare, hence there will be no competitive parity

Imitate, - are costly and difficult to imitate hence they cannot be copied

Organised to Capture Value - which means they are non-substitutable.

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3 years ago

Tenpenny Tower was built in 1985. However, the building has been constantly maintained and remodeled. In valuation terms, the bu

sattari [20]

Answer: effective age, chronological age

Explanation:

Effective age is the estimate of the age of a particular structure which is typically based on the condition and the utility of such structure.

Chronological age has to do with the amount of time from the day the building was constructed to the present age.

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3 years ago

On a certain day, Tim invested $1,000 at 10 percent annual interest, compounded annually, and Lana invested $2,000 at 5 percent

just olya [345]

Answer:

Explanation:

The value of investment after two years of investment by Tim can be calculate using the following formula:

Value of investment= P(1+i)^n

n=number of years=2

i=annual interest=10%

P= amount invested by Tim initially=$1,000

value of investment=1,000(1+10%)^2

=1,000(1.21)

=1,210

Interest earned by tim over the two years=1,210-1,000=210

The value of investment after two years of investment by Lana can be calculate using the following formula:

Value of investment= P(1+i)^n

n=number of years=2

i=annual interest=5%

P= amount invested by Lana initially=$2,000

value of investment=2,000(1+5%)^2

=1,000(1.1025)

=2,205

Interest earned by Lana over the two years=2,205-2,000=205

Excess interest earned by Tim over Lana=210-205=$5

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3 years ago