Compare and contrast the three types of project management offices with regards to place in organization, function, and effectiveness in project management
What will be an ideal response?
A project management office (PMO) is a centralized unit within an organization or department that oversees or improves the management of projects. PMOs have been described as operating under one of three alternative forms and purposes within companies: (1 ) weather station, (2 ) control tower, and (3 ) resource pool. The major difference among the three forms is the level of involvement in the project management process. The weather station form is used only when the PMO is needed for tracking and monitoring project progress. The control tower model treats project management as a business skill to be protected and supported, focusing on developing methods for continually improving project management skills. The goal of the resource pool PMO is to maintain and provide a cadre of trained and skilled project professionals as they are needed.
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_____________ is the extent to which the organization can influence or impose its will on the stakeholder group.
a. Power b. Legitimacy c. Urgency d. Reliability
Identify the preposition or prepositions in the sentence. Mrs. Shaw took a long-awaited cruise across the Atlantic Ocean
What is the repayment schedule for the first three years fora twenty?year mortgage loan of $75,000 with a 12% rate of interest if the annual payment is $10,041.50? (This material was initially covered in Chapter 7, and the concept reappears in this chapter.)
What will be an ideal response?
McDonald's corporation helps select the location for a new restaurant and provides financial assistance, training, marketing, and products. McDonald's engages in:
A. product and trade name franchising. B. business format franchising. C. master licensing. D. area development.