High Level of Integration, Improved Communication, and Increased Project Focus

question 43

Multiple Choice

High level of integration, improved communication, and increased project focus are advantages of:

• A) The Functional Organization
• B) The Matrix Organization
• C) The Project Organization
• D) The Informal Organization
• E) The Formal Organization

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Definitions:

Expected Value

The predicted value of a variable, calculated as the weighted average of all possible values this variable can take; each value is weighted by its probability of occurrence.

Perfect Information

Perfect Information refers to a situation where all participants have comprehensive knowledge of all relevant aspects, eliminating uncertainty.

PHStat

A software tool that enhances Excel with statistics functions, making it easier to perform statistical analyses.

Decision Tree

A decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.