Question

In: Operations Management

Formal approval of the Business Case is required from the executive to ensure there is senior...

Formal approval of the Business Case is required from the executive to ensure there is senior management commitment to the project. This approval is part of?
A Starting up a Project
B Initiating a Project
C Directing a Project
D Managing Product Delivery
A Senior User
B Project Executive
C Senior Supplier
D Project Assurance
Which of these PRINCE2 roles needs to ensure the desired project outcome is specified?
A Senior User
B Project Executive
C Senior Supplier
D Project Manager
Who is responsible for communicating the Project Mandate?
A Project Manager
B Project Executive
C Corporate Management
D Project Support
Which is a type of risk response for a threat?
A Denial
B Fallback
C Pending
D Reject

Solutions

Expert Solution

1. Formal approval of the Business Case is required from the executive to ensure there is senior management commitment to the project. This approval is part of?

Formal approval of the Business Case is required from the executive to ensure there is senior management commitment to the project. This approval is part of directing a project. Directing a project is all about making the senior management as well as overall team accountable for the project. The formal approval of the business case states that the executive has gone through the project and has affirmed for its implementation.

Answer: Option C

2. Which of these PRINCE2 roles needs to ensure the desired project outcome is specified?

The senior user needs to ensure the desired project outcome is specified and it gets achieved by the project design and implementation. The senior user is required to facilitate the project and monitor that it is being executed on track.

Answer: Option A

3. Who is responsible for communicating the Project Mandate?

Corporate or Programme Management is required to develop and provide the project mandate. This project mandate is communicated to the team by the corporate management.

Answer: Option C

4. Which is a type of risk response for a threat?

Denial is a type of risk response for a threat. There are primarily 4 ways in which a project team can respond to a threat – denial, accept, mitigate or transfer. Denial or avoidance is the way project management responds if the threat is not that severe and will not have severe impact on the project.

Answer: Option A


Related Solutions

Case 1: A woman is harassed by a top-level senior executive in a large company. She...
Case 1: A woman is harassed by a top-level senior executive in a large company. She sues the company, and during settlement discussions she is offered an extremely large monetary settlement. In the agreement, the woman is required to confirm that the executive did nothing wrong, and after the agreement is signed the woman is prohibited from discussing anything about the incident publicly. Before the date scheduled to sign the settlement agreement, the woman's lawyer mentions that she has heard...
Arrange an interview with a senior executive/partner/principal of a firm, preferably a business you are interested...
Arrange an interview with a senior executive/partner/principal of a firm, preferably a business you are interested in. The manager must have EMPLOYEE supervision responsibilities.  Your task in this interview is to identify the interviewee’s orientation and business philosophy toward key human resource management functions. A face-to-face interview is highly recommended, however, a phone interview is acceptable.    PRIOR TO THE INTERVIEW Develop a list of approx. 10 human resource related questions you will ask that cover recruitment, staffing, staff motivation, employee...
Mr Lee, an Information Technology senior executive from mainland China, was under an employment contract in...
Mr Lee, an Information Technology senior executive from mainland China, was under an employment contract in Malaysia with MSC Sdn Bhd since 1 November 2014. Since then,his pattern of stay until he left Malaysia permanently on 31 December 2019 was as follows: Period of stay                                                             Place of stay 01 November 2014 to 31 December 2015                  In Malaysia 01 January 2016 to 31 August 2016                           In New Zealand, staying with his uncle 01 September 2016 to 19 September 2016...
(a) In compensating a senior executive like the CEO of a firm, is there a difference...
(a) In compensating a senior executive like the CEO of a firm, is there a difference between giving them stock options as opposed to a bonus based on achieving a specific profit level or achieving a specific stock price? (b) Is either option a more effective incentive in solving the owner-manager principal-agent problem. Please explain. (c) Why do many firms choose to give their CEOs stock options rather than bonuses? Please explain.
You are a top executive charged with developing a plan for the company’s formal communication of...
You are a top executive charged with developing a plan for the company’s formal communication of ethics. Briefly describe three communication channels and an example of how you would use each one. *** please restate the example that's given in the previous Chegg answers.
Why are physicians credentialed under formal peer review and board approval? Would you consider expanding either...
Why are physicians credentialed under formal peer review and board approval? Would you consider expanding either formal review or board approval to other professionals, such as nurses?
1. List the mortgage approval process from pre-approval through to the deed to the property 2....
1. List the mortgage approval process from pre-approval through to the deed to the property 2. What is the Loan Processor role? Why is it significant to the Home Loan process? Who do they interact with and pass their findings to? 3. What is the Underwriter role? Why is it significant to the Home Loan process? Who do they interact with and pass their findings to? Why are they important to the loan process? 4. Discuss the important pieces of...
Read over the scenario. Prepare a decision memo for approval. Any clarifications (how many senior staff,...
Read over the scenario. Prepare a decision memo for approval. Any clarifications (how many senior staff, how many helpdesk etc.) should be posted within the Discussion Board. You are the CIO of a Startup called Kitnip. Currently there are 20 employees supporting 500 customers in the Sacramento area. If the market share is gained, total employees could balloon to 300 in the next 5 years in accounting, marketing, customer support and other administrative areas. Your business is in connecting individuals...
You are a member of the senior executive group at your company. The company has a...
You are a member of the senior executive group at your company. The company has a reputation of compensating its executives at a very high level. In fact your own compensation appears to be at least 50% above that of your peers in like companies. Due to pressure from the founder who has a controlling interest in the company and now lives in another state the company is considering developing an incentive system for all employees who other than the...
What is the best way for senior project managers to ensure that all the financial aspects...
What is the best way for senior project managers to ensure that all the financial aspects of a project are completed and documented
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT