A Project Leader Is Forecasting How Much Money His Department

question 57

Multiple Choice

A project leader is forecasting how much money his department needs to support a new project. He estimates that two people and $25,000 in expenses will cover his needs. Because management typically insists on reducing forecasts by 20 percent, he increases his estimates to allow for that reduction. Which of the following factors is illustrated in this situation?

• A) Padding estimates
• B) Planning horizon
• C) Project structure
• D) People
• E) Organization culture

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Definitions:

Leadership Beliefs

The core principles or assumptions held by an individual about leadership, which can influence their approach and effectiveness as a leader.

Whistleblower

An individual who exposes illegal, unethical, or improper practices within an organization, often risking their own career or wellbeing for the sake of accountability and integrity.

Financial Misconduct

Unethical or illegal actions relating to financial dealings, such as embezzlement or fraud.

Unethical Behaviour

Actions or practices that violate social norms or standards, including honesty, integrity, and fairness.