Final answer:
The term for a project technique that allows team members to jointly modify work products is Collective Code Ownership. It emphasizes collaboration and reduces bottlenecks, fitting within Agile practices. The technique balances the transaction and conformity costs associated with project decision-making.
Step-by-step explanation:
The term for a project acceleration and collaboration technique that emphasizes team-wide ownership and accountability by allowing any team member to modify project work products or deliverables is B) Collective Code Ownership. This approach is often applied in Agile software development practices and aims to encourage a high degree of collaboration and shared responsibility among team members. By adopting this technique, every team member is empowered to contribute to and improve any piece of the project, helping to spread knowledge and reduce bottlenecks.
In business and project management, solving coordination problems can involve different strategies. One strategy is centralizing decision-making power in a single person or a small group, which can lower transaction costs but may raise conformity costs due to a lack of diverse perspectives. The other strategy is incorporating group decision-making, which might involve deliberative methods such as voting. This approach can potentially reduce conformity costs by harnessing multiple viewpoints but may increase transaction costs due to the time and effort involved in reaching a consensus.