Question

What changes in the business environment due to COVID-19 have necessitated a greater use of project...

What changes in the business environment due to COVID-19 have necessitated a greater use of project management skills?

Homework Answers

Answer #1

changes in the business environment due to COVID-19 have necessitated a greater use of project management skills:

• Emergency risk management: The Covid19 is a great call for developing an emergency management system in all the business organizations, an integral part of project management. The pandemic is a sudden attack on a business environment where leaders did not have a single idea about its outcome. Thus, the development of an emergency management system has been necessitude by covid19.

• Critical thinking: Covid19 has strictly pointed out the importance of critical thinking, which is an essential aspect of project management skills. Critical thinking denotes the importance of keeping an alternative strategy after assuming the probability of the worst. All the business organizations have started thinking critically for developing alternative strategies for any calamity in the future.

• Communication: Development of communication is a notable change in the business environment necessitated by the Covid19 impact. Proper communication among all the departments, employees, employers, and stakeholders can help create strategic coordination. The companies have understood the importance of coordination after facing holistic misery due to Covid19. Communication is a crucial project management skill.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Due to COVID 19 situation, what are the impacts on the changes of share prices, EPS,...
Due to COVID 19 situation, what are the impacts on the changes of share prices, EPS, Share Volume, future cash/stock dividends on Banking sector/ industry in Bangladesh. ???
Use an example of a negative externality arising due to COVID 19 to explain what is...
Use an example of a negative externality arising due to COVID 19 to explain what is meant by a negative externality and how it affects the efficiency of markets. Draw a diagram to illustrate your answer.
What lifestyle changes have you made since the beginning of the emergence of Covid-19? Why and...
What lifestyle changes have you made since the beginning of the emergence of Covid-19? Why and what were the outcomes. What do you think of the Government response should be? How do you think the citizens should respond?
·    Identify the significant changes taking place in today’s business environment that are forcing management...
·    Identify the significant changes taking place in today’s business environment that are forcing management decision makers to rethink their views of marketing research. ·    Also discuss the potential impact that these changes might have on marketing research activities.
What are the implications of the change that occur due to covid-19 in the health care...
What are the implications of the change that occur due to covid-19 in the health care organizations and its employees?
What effect would COVID- 19 have on returning Nursing Students? effect would COVID- 19 have on...
What effect would COVID- 19 have on returning Nursing Students? effect would COVID- 19 have on returning Nursing Students?
We are now facing challenges due to Covid-19. In education, students have to adapt to online...
We are now facing challenges due to Covid-19. In education, students have to adapt to online learning. We also have to practice social distancing. Many parents have lost jobs and are now having difficulties to support their family. You are invited to give a motivational speech to a group of students from higher institutions in Malaysia. During the speech, you are to motivate the students to look at the positive sides of the pandemic. Write a speech on the following...
what are the central issues affecting disney company due to covid-19? make recommendations based on an...
what are the central issues affecting disney company due to covid-19? make recommendations based on an internal analysis.
what are the central issues affecting disney company due to covid-19? make recommendation based on an...
what are the central issues affecting disney company due to covid-19? make recommendation based on an internal analysis.
Following the financial crisis in 2008 and the shutdowns this year due to the COVID-19 virus,...
Following the financial crisis in 2008 and the shutdowns this year due to the COVID-19 virus, risk premiums of securities such as stocks generally __________ because ____________. Group of answer choices a. Increased; the cash flows of firms were also increasing b. Decreased; investors did not want in lose more money c. decreased; the value of financial assets became riskier due to greater uncertainty about future cash flows d. Increased; the value of financial assets became riskier due to greater...