What is a project champion and why is it important to have one?

What will be an ideal response?


A project champion is an individual who identifies with a new development, using all weapons at his command, against the funded resistance of the organization. Project champions are important because worthwhile projects and ideas must have someone that advances their cause when the rest of the organization is not as enthusiastic. Without champions, the project could not be carried forward to fruition.

Business

You might also like to view...

Which of the following is true about followers who are uncritical thinkers?

a. They are inquisitive. b. They do not take things at face value. c. They attempt to show creativity and innovative approaches to work. d. They accept the status quo.

Business

Which of the following statements is correct?

A. One advantage of the residual dividend policy is that it leads to a stable dividend payout, which investors like. B. An increase in the stock price when a company decreases its dividend is consistent with signaling theory as postulated by MM. C. If the "clientele effect" is correct, then for a company whose earnings fluctuate, a policy of paying a constant percentage of net income will probably maximize the stock price. D. Stock repurchases make the most sense at times when a company believes its stock is undervalued. E. Firms with a lot of good investment opportunities and a relatively small amount of cash tend to have above average payout ratios.

Business

A significant advantage of the payback period is that it

A) allows for the proper ranking of projects. B) tends to reduce firm risk because it favors projects that generate early, less uncertain returns. C) places emphasis on time value of money. D) gives proper weighting to all cash flows.

Business

The following query on table VEHICLE will return 4 values:SELECT ownerid FROM vehicle;

Indicate whether the statement is true or false

Business