Pettersen's Study of Project Managers Found That Most Do Not

question 81

Multiple Choice

Pettersen's study of project managers found that most do not have the capacity to exercise power that derives from formal positional authority and therefore they must develop:

• A)Project champions.
• B)Cadres of trained professionals.
• C)Effective influencing skills.
• D)Efficient communications networks.

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Definitions:

Initial Cost

The original cost of acquiring an asset, including purchase price and any expenses incurred to put the asset into use.

Cash Inflows

Money or equivalents received by a company during a specific period, which can come from operations, investments, or financing activities.

Payback Period

The duration it takes for an investment to return its initial cost to the investor, a measure of an investment's risk and liquidity.

Initial Cost

The total expense incurred to acquire an asset or start a project, including all relevant expenses.