The following options associated with a project increases managerial flexibility:
I. Option to expand
II. Option to abandon
III. Production options
IV. Timing options
A) I only
B) II only
C) I, II, III, and IV
D) IV only

Question

Quizplus · Accepted Answer

All four options (expansion, abandonment, production, and timing) increase managerial flexibility by giving them the ability to adjust the project based on changes in the market, internal resources, or external factors. Expansion provides the option to increase capacity if demand or opportunity arises; abandonment provides the option to cut losses if the project isn't performing well or is no longer feasible; production options can provide more flexibility in meeting customer needs or changing market conditions; and timing options such as phased rollouts or delayed launches can provide more time to adjust to unforeseen challenges or opportunities.

The Following Options Associated with a Project Increases Managerial Flexibility