The Concept of Project Portfolio Management Holds That Firms Should

question 83

Multiple Choice

The concept of project portfolio management holds that firms should:

• A)regard all projects as unified assets.
• B)manage projects as independent entities.
• C)focus on short-term strategic goals.
• D)focus on long-term constraints.

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Definitions:

Arbitration

The process whereby a neutral third party issues a binding decision to resolve a dispute.

Negotiate

The process of discussing something with someone to reach an agreement or compromise.

Agreements

Formal arrangements made between two or more parties that specify and regulate the terms of a relationship or transaction.

Communication Process

The exchange of information and understanding from one person or group to another through verbal, non-verbal, or written mediums.