A Vendor Advises the Project Manager That a Key Component

question 113

Multiple Choice

A vendor advises the project manager that a key component of the project is no longer available and recommends a higher-cost replacement. To have this change approved, the project manager submits a change request that contains which of the following?

• A) Description, cost difference of the replacement, and WBS
• B) Description, justification, and cost
• C) Cost difference of the replacement, justification, and communications plan
• D) Description, quality impact, and cost

Identify the roles of mentoring and shadowing in leadership development.

Understand the significance of leadership succession and its emotional impacts.

Appreciate the importance of challenging experiences and cross-functional teams in developing leadership skills.

Recognize the role of feedback and self-help in leadership development.

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a specific geographical area.

Entrepreneurs

Individuals who organize, operate, and assume the risk for a business venture.

Preoccupied

Describes being absorbed or engrossed in thoughts or concerns, often to the extent of being unaware of one's surroundings or other matters.

Risk

The potential for loss or the uncertainty regarding the outcome of an action or decision.