You Have Assembled Your Project Team,and as Luck Would Have

question 61

Essay

You have assembled your project team,and as luck would have it,you added every person to your team that you wanted.Your team has a diverse set of skills,and each member has at least one skill that another doesn't have.This is why you chose each one;otherwise you couldn't hope to deliver the project.What is wrong with segmenting the team in terms of their specific duties?

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Definitions:

Consumer Goods

Products and services that are purchased for personal use or consumption by the general public.

Capital Goods

Goods that are used in producing other goods and services rather than being bought by consumers.

Opportunity Cost

The cost of forgoing the next best alternative when a decision is made to choose one option over another.

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that a society can produce with existing resources and technology, underlining the concept of opportunity cost.