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Questions and Answers
What type of communication primarily allows recipients to access content at their discretion?
What type of communication primarily allows recipients to access content at their discretion?
Which type of coordination involves communication that is both formal and upward?
Which type of coordination involves communication that is both formal and upward?
Which of the following is NOT a factor affecting the choice of communication technology?
Which of the following is NOT a factor affecting the choice of communication technology?
What is a common method used for information exchange in project management?
What is a common method used for information exchange in project management?
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Which of the following types of communication is considered formal?
Which of the following types of communication is considered formal?
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What characteristic should communication technologies possess to ensure effectiveness?
What characteristic should communication technologies possess to ensure effectiveness?
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Which aspect is crucial for the communication methods during different phases of a project?
Which aspect is crucial for the communication methods during different phases of a project?
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Which of the following best describes informal communication?
Which of the following best describes informal communication?
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What leadership style emphasizes empathy and focuses on team needs?
What leadership style emphasizes empathy and focuses on team needs?
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Which leadership style is characterized by minimal supervision and high delegation?
Which leadership style is characterized by minimal supervision and high delegation?
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What is a common misapplication of autocratic leadership?
What is a common misapplication of autocratic leadership?
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Which leadership style is often associated with a lack of structure and can lead to chaos?
Which leadership style is often associated with a lack of structure and can lead to chaos?
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What conflict management technique involves postponing the issue?
What conflict management technique involves postponing the issue?
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Which leadership style is particularly important at the beginning of a project?
Which leadership style is particularly important at the beginning of a project?
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What is a potential benefit of successful conflict management?
What is a potential benefit of successful conflict management?
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Which leadership style requires confrontational skills to address issues directly?
Which leadership style requires confrontational skills to address issues directly?
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What is the primary purpose of a team charter?
What is the primary purpose of a team charter?
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What does the resource breakdown structure represent?
What does the resource breakdown structure represent?
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How do resource calendars assist in project management?
How do resource calendars assist in project management?
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Which of the following is a benefit of establishing clear guidelines in a team charter?
Which of the following is a benefit of establishing clear guidelines in a team charter?
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What is one function of resource allocation within a project?
What is one function of resource allocation within a project?
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Which category does NOT typically fall under the resource breakdown structure?
Which category does NOT typically fall under the resource breakdown structure?
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What does setting up resource calendars help project managers understand?
What does setting up resource calendars help project managers understand?
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In what way do team charters contribute to project success?
In what way do team charters contribute to project success?
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What is a primary difference between leadership and management in the context of international project management?
What is a primary difference between leadership and management in the context of international project management?
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Which skill is emphasized as crucial for project managers in leading an international project?
Which skill is emphasized as crucial for project managers in leading an international project?
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What is a key aspect of structuring communications in international project management?
What is a key aspect of structuring communications in international project management?
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What role does procurement management play in an international project?
What role does procurement management play in an international project?
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Why is internal and external coordination important in international projects?
Why is internal and external coordination important in international projects?
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What is one of the main goals of leading an international project effectively?
What is one of the main goals of leading an international project effectively?
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What kind of tools might be important for managing communications in international projects?
What kind of tools might be important for managing communications in international projects?
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Which statement best describes the desired outcome of using leadership styles in project management?
Which statement best describes the desired outcome of using leadership styles in project management?
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What type of contract is best suited for well-defined requirements with no expected changes?
What type of contract is best suited for well-defined requirements with no expected changes?
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Which contract type transfers most of the risk to the buyer?
Which contract type transfers most of the risk to the buyer?
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What is a defining feature of time & materials contracts?
What is a defining feature of time & materials contracts?
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Which contract type offers a performance-based incentive to the seller?
Which contract type offers a performance-based incentive to the seller?
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What can potentially happen under a firm fixed price contract if the product is not well defined?
What can potentially happen under a firm fixed price contract if the product is not well defined?
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Which of the following contracts allows for adjustments due to changing conditions like inflation?
Which of the following contracts allows for adjustments due to changing conditions like inflation?
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In which scenario is a cost-reimbursable contract most appropriate?
In which scenario is a cost-reimbursable contract most appropriate?
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What is a characteristic of a fixed price incentive fee contract?
What is a characteristic of a fixed price incentive fee contract?
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What type of contract reimburses the seller for all allowable costs and includes a fixed fee based on initial estimated project costs?
What type of contract reimburses the seller for all allowable costs and includes a fixed fee based on initial estimated project costs?
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In a cost-plus incentive fee (CPIF) contract, what happens if final costs are higher than originally estimated?
In a cost-plus incentive fee (CPIF) contract, what happens if final costs are higher than originally estimated?
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Which contract type bases most of the seller's fee on subjective performance criteria determined by the buyer?
Which contract type bases most of the seller's fee on subjective performance criteria determined by the buyer?
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What differentiates cost reimbursable contracts from fixed-price contracts in terms of risk?
What differentiates cost reimbursable contracts from fixed-price contracts in terms of risk?
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Which of the following contract types does NOT exist in cost reimbursable contracts?
Which of the following contract types does NOT exist in cost reimbursable contracts?
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What is typically the basis for determining the fee amount in a Cost plus award fee (CPAF) contract?
What is typically the basis for determining the fee amount in a Cost plus award fee (CPAF) contract?
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Which type of cost reimbursable contract mainly limits risk to service losses rather than materials?
Which type of cost reimbursable contract mainly limits risk to service losses rather than materials?
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What can potentially increase the fee amount in a Cost plus incentive fee (CPIF) contract?
What can potentially increase the fee amount in a Cost plus incentive fee (CPIF) contract?
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Study Notes
International Business Project Management
- This is a degree in International Relations, offered by the Faculty of Law, at the University of Alicante.
Unit 6: Organizing the international project
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Leading an international project: involves guiding others to achieve a specific goal;
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Management is associated with directing individuals towards goals via a pre-determined set of behaviors;
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Leadership styles:
- Servant: Empathetic, share power, focuses on team needs. (Preferred Scrum Master style)
- Delegating: Trust the team to complete tasks with minimal supervision.
- Autocratic: Makes decisions independently, with limited team input. (Use sparingly)
- Task-Oriented: Focuses on deadlines and task completion.
- Directing: Gives clear instructions about tasks, when and how to do them; often used at the start of a project.
- Laissez-Faire: Minimal leader oversight; can lead to lack of direction.
- Assertive: Addresses issues directly and confidently.
Unit 6: Organizing the international project
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Conflict management:
- Withdrawal/Avoid: Avoiding a conflict by postponing or ignoring it.
- Smooth/Accommodate: Emphasizes areas of mutual agreement, and avoiding disagreements.
- Compromise/Reconcile: A temporary solution. (Lose-Lose situation)
- Force/Direct: Authoritative decision-making. (Win-Lose situation)
- Collaborate/Problem solve: Cooperative approach leads to mutual commitment (Win-Win situation).
Unit 6: Organizing the international project
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Motivation theories:
- Maslow's Hierarchy of Needs a sequence of needs categorized from physiological, safety, social needs, esteem, to self-actualization. One level is not achievable unless the prior one has been met.
- Herzberg's Two-Factor Theory: Factors affecting job satisfaction and dissatisfaction separately.
- McGregor's XY Theory X: authoritarian, Y: collaborative approach.
Unit 6: Organizing the international project
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Managing the project team:
- Tuckman Ladder: A five-step model of team development (Forming, Storming, Norming, Performing, Adjourning).
- Responsibility Assignment Matrix (RAM): A tool for establishing accountability among project members regarding project tasks.
Unit 6: Organizing the international project
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Managing the Project team - Main Tools and Outputs:
- Resource breakdown structure (RBS): Hierarchical representation of people and materials involved.
- Resource calendars: shows working hours, weekends, and public holidays for project team members and materials.
Unit 6: Organizing the international project
- Team Charter: Sets team values, agreements, operating guidelines. Helps decrease misunderstandings and increase productivity.
Unit 6: Organizing the international project
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Procurement management and outsourcing:
- Processes for purchasing goods and services outside the project team.
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Key concepts:
- The project manager is not always a procurement expert;
- Legally binding contracts must abide by specific guidelines and authorization procedures usually through or in collaboration with the legal department.
- A legally sound contract that states responsibilities clearly to avoid ambiguities;
- Crucial specification of clear deliverables and outcomes avoiding ambiguities, and clearly specified legal jurisdictions within the contract (important for international contracts).
Procurement Management
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Seller Selection Analysis - Criteria:
- Least cost: Suitable for standard or routine purchases.
- Qualifications only: Best suited for smaller projects.
- Quality-based: Emphasizes technical solutions and costs.
- Quality and cost-based: Crucial if there's high risk or uncertainty.
- Sole source: Use only if the justification warrants the procurement without competition.
- Fixed budget: The budget is the limiting constraint.
Unit 6: Organizing the international project
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Contract Payment Types:
- Fixed-price (lump-sum): One price regardless of project requirements.
- Cost-reimbursable: Covers expenses plus payment or reward based on performance.
- Time & Materials: Fixed price for labor hours/items ordered.
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Description
Explore the key concepts of organizing international projects in this unit. Learn about different leadership styles, their application in project management, and the importance of guiding teams towards achieving specific goals. This quiz will test your understanding of effective management techniques in an international context.
