Why Do Project Managers Need to Understand Their Organization's Mission

question 73

Multiple Choice

Why do project managers need to understand their organization's mission and strategy?

• A) To reduce project duration and increase the number of projects implemented
• B) So they can make appropriate decisions and adjustments and be effective project advocates
• C) It is only important for senior management to understand the organization's mission and strategy
• D) To get their job done and increase opportunities for promotion
• E) So that they can make sure the customer is satisfied

---

Definitions:

Institutional Investors

Organizations such as pension funds, insurance companies, and mutual funds that invest large sums of money in securities and other investment assets.

Public Companies

Corporations whose shares are publicly traded on stock exchanges, allowing for public ownership.

Acquisition

The process of gaining control or ownership of another company or asset through purchase or merger.

Merger

The combination of two or more companies into a single entity, often with the goal of increasing market share or efficiency.