What can a project manager do to motivate project team members?
What will be an ideal response?
Motivation comes from within each individual, so it cannot be created solely by the project manager. A skillful project manager recognizes this and is knowledgeable about his project team members, enabling him to recruit talent, mold the team, and apply motivational techniques as necessary.
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Which of the following statements regarding the capital expenditures budget is correct?
A) Installment payments related to the purchase of current assets are included in the capital expenditures budget. B) Capital expenditures are purchases of long-term assets, such as office supplies. C) The decision to purchase long-term assets is part of a strategic plan. D) Capital expenditures are inexpensive assets.
One of the keys to a successful monitoring program is a checklist given to analysts that describes the specific criteria that management will use to measure call quality.
Answer the following statement true (T) or false (F)
Discuss how establishing standards benefits the following management functions: performance evaluation and decision making
Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $5.7 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $6 million. The company wants to build its new manufacturing plant on this land; the plant will cost $13.2 million to build, and the site requires $840,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project?