Although the Level of Skills Needed by the Project Manager

question 32

True/False

Although the level of skills needed by the project manager depends largely on the project profile, increasingly the people skills of the project manager are becoming less important.

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Definitions:

Economies of Scale

Cost benefits that organizations acquire by scaling up their operations, wherein the cost for each unit produced tends to fall as the scale of operation enlarges.

Min Per-unit Costs

The lowest possible cost of producing one unit of good or service, achieved through efficient use of resources and optimal production scale.

Employee Shirking

Refers to employees putting in less effort than agreed upon or expected, often when they believe their lack of effort will not be noticed or punished.

Specialization

The process of focusing on and becoming expert in a particular area of production or knowledge to increase efficiency.