Which of the Following Is an Advantage of a Functional

question 61

Multiple Choice

Which of the following is an advantage of a functional project management organization?

• A) Maximum flexibility in the use of staff
• B) Good integration across functional units
• C) Shorter project duration
• D) Strong motivation of project team members
• E) Longer project duration

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Definitions:

Net Present Value

Net Present Value is a financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Expected Value

The long-term average or mean of a random variable or a probability distribution.

Perfect Information

A scenario in which all relevant economic information is known to all participants at the same time.

Expected Payoff

The predicted value or outcome of a gamble or decision that takes into account all possible outcomes, weighted by their respective probabilities.