Management Final Exam Q&a 2024

Which of the following statements concerning strategic analysis is true? {Ans: External analysis focuses on the threats and opportunities facing the organization.}Scoring models are most useful when there are multiple projects and several criteria to be considered. {Ans: True}Describe free float and how you can use it to your advantage in scheduling and managing a project {Ans: Float or slack is the amount of time that a task in a project network can be delayed without causing a delay to: subsequent tasks. If the duration of a task is sensitive to the resources assigned to it, such as the number of people working on it or the amount of computer time allocated to it, you can take resources from non-critical tasks and assign them to the problem task. The extra resources speed up the task and put it and the project back on track while the delay in the non-critical task is absorbed by the free float.}The method of dividing the project scope into many parts that, when combined, would constitute the project deliverable is called _____: {Ans: decomposition}All of the following are benefits that can be attributed to the effective use of a risk management