Why Does Project Management Often Involve the Management of Conflict

question 10

Multiple Choice

Why does project management often involve the management of conflict?

• A)Projects often compete with routine operations and other projects for resources and personnel.
• B)Project managers are under greater pressures than other managers in a firm.
• C)Projects are often staffed with personnel who may have greater allegiance to their functional managers than to the project managers.
• D)A and C are both correct.

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Definitions:

Annual Depreciation Expense

The portion of the cost of a fixed asset that is expensed each year of its useful life, representing wear and tear, decay, or decrease in value.

Cash Inflows

Refers to the money received by a business from its operational, investment, and financing activities.

Sunk Cost

Costs that are already spent and cannot be retrieved or reimbursed.

Unrecoverable Cost

Expenses that have been incurred and cannot be recovered or refunded, also known as sunk costs.