The Fourth and Final Phase of the Project Life Cycle

question 54

Multiple Choice

The fourth and final phase of the project life cycle is

• A) evaluating the project.
• B) controlling the project.
• C) performing the project.
• D) closing the project.

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Definitions:

Joint Venture

A venture that operates in a foreign country through co-ownership by foreign and local partners.

Organic Forms

Organizational structures that are flexible, decentralized, and characterized by less formal rules and procedures, often adapting quickly to changes.

Bureaucratic Structures

Organizational forms that are characterized by a hierarchical arrangement of jobs, reliance on formal rules and regulations, and a clear distinction of labor.

Environmental Uncertainty

A lack of information regarding what exists in the environment and what developments may occur.