What are some ways project managers can acquire additional resources if they feel their project lacks sufficient support?
What will be an ideal response?
If the resource problem is a personnel issue, project managers may seek alternative avenues to solve the difficulty. Project managers might seek to hire temporary contract employees if labor skills are in short supply. The key point to remember is that recognizing and responding to resource needs is a critical function of project leadership. Another common tactic project managers use in the face of resource shortfalls is to rely on negotiation or political tactics to influence top management to provide additional support. Because resources must often be negotiated with top management, clearly the ability to successfully negotiate and apply influence where the project manager has no direct authority is a critical skill. Again, leadership is best demonstrated by the skills a project manager uses to maintain the viability of the project, whether dealing with top management, clients, the project team, or other significant stakeholders.
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What is a cram down?
A. An agreement about the total amount of money to be reserved to pay creditors who have priority. B. The bankruptcy court's confirmation of a reorganization even though a class of creditors or stockholders did not accept it. C. The filing of an involuntary bankruptcy petition, especially by the holders of partially secured debts. D. The court's decision as to whether a particular creditor has priority.
________ measures the profits generated by investments in marketing activities
A) A SWOT analysis B) A marketing audit C) Regression analysis D) Return on marketing investment E) Marketing budget evaluation