If a Preliminary Proposal Is Approved, Then ____

question 55

Multiple Choice

If a preliminary proposal is approved, then ____.

• A) the project is funded and execution begins
• B) a project manager and staff are assigned to develop a more comprehensive implementation plan
• C) the project is funded and formal detailed planning begins
• D) the project is funded or shelved awaiting funding
• E) the project is allocated limited resources

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Definitions:

Strategic Objectives

The specific goals that an organization aims to achieve, aligning with its overall strategic plan and guiding its operational activities.

Automating Warehouse

The process of using technology and mechanical systems to perform storage and retrieval actions with minimal human intervention, enhancing efficiency and accuracy in warehouse operations.

Cognitive Bias

Holding onto one’s preferences and beliefs regardless of contrary information, which results in decisions that are not economically accurate or rational.

Common Measures Bias

When managers focus on common performance metrics across divisions and ignore performance metrics that are unique to individual divisions.