GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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are special ventures.
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are permanent.
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use nontraditional management structures.
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have a definite beginning and end.
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Detailed explanation-1: -Taking on a project is not the same as running a business’s day-to-day operations. Though a project may produce long-term results, it is-by definition-a short-term endeavor; business operations are permanent. A project has a definite beginning and a definite end; business operations are ongoing.
Detailed explanation-2: -Projects aim to change something about an organization while operational management perfects existing processes or procedures. The project life cycle ends once the end goal is met, and operations teams take on the completed work for ongoing maintenance and adjustments.
Detailed explanation-3: -True. A project organization that becomes permanent is often referred to as a: A. fixed project organization.