The Number One Predictor of Project Success Is

question 24

Multiple Choice

The number one predictor of project success is:

• A)The absence of conflict among project team members.
• B)Documentation that clearly articulates the consequences of failing to achieve the objectives.
• C)A mission that is understood and accepted by all team members.
• D)A well-prepared fallback position in case the project cannot be executed as imagined.

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Definitions:

Utility-Maximizing

A principle in economics whereby individuals seek to optimize their satisfaction or happiness through the consumption of goods and services.

Total Product Curve

A graphical representation showing how the quantity of output depends on the quantity of a variable input, holding all other inputs fixed.

Average Product

Calculating the efficiency of input by dividing the entire production by the volume of input.

Average Total Cost

The total cost of production divided by the quantity produced, also known as cost per unit.