1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PSYCHO15rus [73]
3 years ago
7

People who are part of the project team need to understand project management because they Multiple Choice Need to understand th

e project charter or scope statement that defines the objectives and parameters of the project. Work with others to create a schedule and budget. Need to understand project priorities so they can make independent decisions. All of these are reasons it is important for project team members to understand project management. Need to be able to monitor and report project progress.
Business
1 answer:
NeX [460]3 years ago
5 0

Answer:

All of these are reasons it is important for project team members to understand project management.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

Furthermore, members of the project team need to understand project management because they;

I. Are required to understand the project charter or scope statement that defines the objectives and parameters of the project.

II. Work with other members in the team to create a project schedule and budget.

III. Need to understand the priorities defined by the project manager, so they can make independent and well-informed decisions.

IV. Need to be able to monitor and report the progress of the project as they are being implemented or executed.

You might be interested in
The town of Draper, with a population of 20,000, sits adjacent to State University, which has an enrollment of 27,000 students.
madam [21]

Answer: See explanation

Explanation:

a. Let the break even sales be represented by x.

Firstly, we will calculate the total fixed cost which will be:

Investment = $4.5million/30 = $150,000

Add: Annual labor cost = $140,000

Add: Interest = 8% × $4.5million = $360,000

Total Fixed cost = $650000

The total variable cost will be: = 0.60 × x = 0.60x

Therefore, total cost:

= fixed cost + variable cost

= 650000 + 0.60x

Total revenue = Selling price × sales

= 3.20 × x = 3.20x

Break even point will now be:

Total revenue = Total cost

3.20x = 650000 + 0.60x

3.20x - 0.60x = 650000

2.60x = 650000

x = 650000/2.60

x = 250000

Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.

b. The approximate number of cars that would have to park in the lot on a daily basis will be:

= 250000/365 days

= 684.91

=685 cars

6 0
3 years ago
​Electric, Inc. was incorporated on January​ 1, 2016. Electric issued​ 4,000 shares of common stock and​ 1,200 shares of preferr
S_A_V [24]

Answer:

$57,600

Explanation:

The computation of the total amount paid to preferred shareholders are shown below:

= Number of shares for preferred stock × par value × dividend rate × number of years

= 1,200 shares × $100 × 12% × 4 years

= $57,600

In case of cumulative, the number of years would be four years for dividend paid

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
Krazy Kayaks sells its entryminuslevel kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per
Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per month for volumes up to​ 1,100 kayaks. Above​ 1,100 kayaks, monthly fixed costs are​ $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

Fixed costs= (60,000)

Net operating income= 565,000

7 0
3 years ago
The plan for how the government will raise and spend money is known as the A. federal treasury. B. spending plan. C. Federal Res
Klio2033 [76]
I believe the answer is d., the federal budget.
4 0
4 years ago
You have just been promoted to manage a team of production specialists at work. You soon realize that many of the employees seem
Svetradugi [14.3K]

Answer:

Option (A) the ability of the group to stick together

Explanation:

The team is defined as the group of individual who work together to get a specified task done.

Here,

The workers seems to have withdrawn from the work and team that means, the group of members are not behaving as a team.

Therefore, it is needed for the manager of the team to make them stick together as a team so as to get the production better.

7 0
3 years ago
Other questions:
  • You want a seat on the board of directors of Four Keys, Inc. The company has 240,000 shares of stock outstanding and the stock s
    12·1 answer
  • Investing $1,500,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in thi
    14·1 answer
  • The ____, an accord among 117 nations, called for lower tariffs around the world. a. European Union Accord b. North American Fre
    7·1 answer
  • In the long term, the elasticity of supply is affected most by
    6·1 answer
  • Personal finances-- multiple choice!
    10·2 answers
  • Frank is a salesman of Richard Laundry Equipment. He wants to give a presentation to a five star hotel for setting up an in-hous
    11·1 answer
  • A mortgage is a document in which a lender reclaims a property due to lack of payment by the borrower.
    12·2 answers
  • Which of the following statements is correct? Multiple Choice A transaction that is properly recorded in the cash payments journ
    15·1 answer
  • In an attempt to increase sales during a lagging economy, Marvel has expanded its movie offerings to stimulate sales in its curr
    15·1 answer
  • Company officers will have direct involvement with their assigned personnel and should have knowledge of organizational policies
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!