Successful Firms Use Project Portfolio Planning Routinely To

question 43

Multiple Choice

Successful firms use project portfolio planning routinely to:

• A)Make quantum jumps from one product to another.
• B)Develop products with long lead times and plan ahead.
• C)Move as quickly as possible into new territory.
• D)Move at glacial pace always within the same product line.

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Definitions:

Drive-Reduction Theory

A theory in psychology that explains motivation as being rooted in the desire to reduce internal tensions caused by unmet biological needs.

Internal Tension

Psychological stress or discomfort that arises from conflicting beliefs, thoughts, or feelings within oneself.

Unmet Biological Needs

Basic physiological requirements including food, water, shelter, and warmth that are not adequately satisfied, impacting overall health and well-being.

Incentive

Something that motivates or encourages an individual to do something or to achieve a goal.