A Chief Executive Officer (CEO) Has Approached a Project Team

question 349

Multiple Choice

A Chief Executive Officer (CEO) has approached a project team member to request a project change. Which of the following would be the BEST step for the project manager to take to prevent scope creep?

• A) Deny the CEO's request.
• B) Implement the project change.
• C) Submit the request to the CCB.
• D) Ask the CEO to follow the communications plan.

---

Definitions:

MR

Marginal Revenue, which refers to the additional income generated from selling one more unit of a good or service.

MC

The cost associated with producing an additional unit of a good or service, reflecting the increase in total production cost.

Monopolistic Firm

A single firm that dominates a particular market or industry, often characterized by the absence of competition, which results in high prices and inferior products.

Monopolistically Competitive Firm

A Monopolistically Competitive Firm operates in a market structure characterized by many firms offering products that are similar but not identical, allowing for some degree of market power in setting prices.