Tom is the project manager of an accounting project. He has just finished defining the scope for the project and is creating the WBS. He goes to his organizational process asset library and finds a WBS from a past project to use as a jumping off point. Which of the following is the tool of the Create WBS process is he using? A. Decomposition B. Delphi Technique C. Templates D. Brainstorming
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Tom is the project manager of an accounting project. He has just finished
defining the scope for the project and is creating the WBS. He goes to his
organizational process asset library and finds a WBS from a past project to
use as a jumping off point. Which of the following is the tool of the Create
WBS process is he using?
A. Decomposition
B. Delphi Technique
C. Templates
D. Brainstorming
Which of the following BEST describes the main purpose of the project
charter?
A. It authorizes the project manager to work on the project
B. It identifies the sponsor and describes his or her role on the project
C. It contains a list of all activities to be performed
D. It describes the initial scope of the work
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