SCOPE MANAGEMENT
A1: | Answer: b
Scope definition is defined by PMI as ''decomposing the major deliverables into smaller, more manageable components to provide better control.'' |
A2: | Answer: a
The chart of accounts is the system used to monitor project costs as defined by PMI. |
A3: | Answer: c
A stakeholder is an individual or organization that is involved in or may be affected by project activities. |
A4: | Answer: c
The actual payback period is between two years and three years. It is the point where the net or cumulative cash flows equal zero. This occurs between year 2 and 3 and is 2 and 29/30 of a year from the first cash flow. Cumulative cash flow in years are: 1, -500,000; 2, -290,000; 3, +10,000. |
A5: | Answer: b
The net cash flow is the total of all the ... |
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