What is the Project Management Body of Knowledge (PMBOK®) Guide for projectmanagement?
What will be an ideal response?
Project Management Body of Knowledge (PMBOK®) Guide, compiled by the Project
Management Institute (PMI), contains what many believe are the best project management
processes, practices, and techniques. The document does not describe the details of each practice
or technique but instead identifies those practices that are known to be effective for different
situations and briefly describes their use. Versions of this document are denoted by the year in
which they are published. As of 2015, the current version is "A Guide to the Project
Management Body of Knowledge (PMBOK®) Guide, Fifth Edition."
PMBOK® Guide is organized according to a grid, which shows five process groups and nine
knowledge areas. The process groups refer to different stages in the life of a project. The nine
knowledge areas refer to factors to be managed throughout the life of the project.
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Which of the following statements is FALSE?
A) If managers have large ownership stakes, then shareholders are more likely to use compensation policies or a stronger board to create the desired incentives. B) If all else fails, the shareholders' last line of defense against expropriation by self-interested managers is direct action. C) A shareholder resolution could direct the board to take a specific action, such as discontinue investing in a particular line of business or country, or remove a poison pill. D) Any shareholder can submit a resolution that is put to a vote at the annual meeting.
Which type of control specifies how something is to be done through policies, rules, standard operating procedures, and orders from a superior?
A) tactical control B) strategic control C) output control D) behavior control E) functional control