Cost breakdown structure - Study guides, Class notes & Summaries

ISDS 351 FINAL Exam Questions With 100% Correct Answers. A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not. True False - answerFalse Projects should be developed in increments. True False - answerTrue A project manager's primary role is to provide the funding for a project. True False - answerFalse The only responsibility of a project manager is to meet the specific scope, time, and cost goals of a p...

Work Breakdown Structure correct answers Provides a hierarchical structure that outlines the activities or work that needs to be done in order to complete the project scope. Work Breakdown Structure correct answers provides a bridge or link between the project's scope and the detailed project plan that will be entered into a project management software package. Milestones correct answers significant event or achievement that provides evidence that that deliverable has been completed or th...

Actual Cost - ANSWER The realized cost incurred for the work performed on an activity during a specific time period Organizational Breakdown Structure - ANSWER A hierarchical representation of the project organization, which illustrates the relationship between project activities and the organizational units that will perform those activities

Internal controls Process that is designed and implemented by an organization's management , board of directors and other employees to provide reasonable assurance that it will achieve its compliance, operating, and reporting objectives Cost Estimation Method: Parametric Estimating A cost estimation method that relies on a statistical relationship between historical costs and other variables, such as square footage. Cost Estimation Method: Analogous estimating A cost estimation method t...

Work Package - The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated and managed. Acceptance Criteria - A set of conditions that is required to be met before deliverables are accepted. Accuracy - Within the quality management system, accuracy is an assessment of correctness. Activity List - A documented tabulation of schedule activities that shows the activity description, activity identifier, and a sufficiently detailed scop...

Work Package - The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated and managed. Acceptance Criteria - A set of conditions that is required to be met before deliverables are accepted. Accuracy - Within the quality management system, accuracy is an assessment of correctness. Activity List - A documented tabulation of schedule activities that shows the activity description, activity identifier, and a sufficiently detailed scope ...

GFEBS Project Systems Course Exam With Questions And Answers What is a project definition? The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project; it determines many a...

CNIT 480 Final Exam Questions and Answers 100% Pass Glass's - Answer-"For every 25% increase in the connections of a system, there is a 100% increase in the complexity of the system." This is referred to as ___ Law. death march - Answer-A ______ project is described as a project that never ends, everyone is afraid to cancel it. Matrix - Answer-A ______ organizational structure combines the benefits of the functional structure and the benefits of the projects structure for an organizati...

MBA 624 Chapter 10 Test /Actual Questions and Answers 100% Correct/ 10HWTake Test MBA 624 Chapter 10 Test /Actual Questions and Answers 100% Correct/ 10HWTake Test Take Test: CH10_HW Question 1 Consider the following project. Compute the slack time for activity C. 0 4 2 3 Question 2 A PERT/CPM activity has an optimistic time estimate of 3 days, a most likely time estimate of 8 days, and a pessimistic time estimate of 10 days. The expected time (in d...

A ________ web site that allows users to edit and change its content easily and rapidly Select one? a. Wiki b. Forum c. Podcast d. Blog : a. Wiki A(n) ________ is a statement of a compelling business need that an organization must meet to achieve its vision and mission. Select one: a. Mission b. Objective c. Tagline d. Logo 2 | P a g e : b. Objective Identify the formal approach that creates three time estimates for an activity. Select one: a. Program Evaluation and R...