Which of These Is a Potential Disadvantage of a Real

question 1

Multiple Choice

Which of these is a potential disadvantage of a real options approach?

• A) Requires a project team to stick with a rigid plan that allows no deviation when new information becomes available
• B) Involves only go-no-go options rather than potential for re-routing plans
• C) Applies only to financial projects
• D) Project teams can find it difficult to abandon or shift the direction of a project once they have invested their time and energy.
• E) Does not allow for the opportunity to begin with a pilot project.

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Definitions:

Steiner's Taxonomy

A classification system developed by Ivan Steiner that categorizes group tasks into categories based on their nature and the processes required to achieve them.

Free Rider

A term used to describe someone who benefits from resources, goods, or services without paying for them or contributing to their cost.

Self-Employed

Individuals who work for themselves, either by running their own business or offering their services as freelancers, rather than being employed by someone else.

Social Loafing

The occurrence where people put in less effort towards achieving a goal while working in a team compared to working independently.