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Question
Managing cash flow involves making sure that sufficient payments are received from the customer in time so thata. you have enough money to cover the costs of performing the project.
b. you hold a reserve of funds instead of paying bills.
c. payroll can be paid and suppliers are delayed indefinitely.
d. deposits can be made in several different accounts.
Answer
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Related questions
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Q:
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Describe the quality standards that must be included or referenced in the quality plan.
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Activities should the time intervals at which actual project progress will be reviewed and compared to planned progress.a. not be longer in estimated duration thanb. be the same length in estimated duration asc. be longer in estimated duration thand. be any length of time, it doesn't matter the length
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The WBS should be decomposed to a level that identifies individual work packages fora. each person that planned the project.b. each resource assigned to the project.c. the level of detail specified by the customer.d. each specific deliverable listed in the project scope document.
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It is important to plan for in performing the project to assure that the work is done according to specifications and applicable standards and that deliverables meet acceptance criteria.a. qualityb. resourcesc. timed. scope creep
Q:
The contractor or project team needs to gain agreement from on the project scope document.a. the sponsor or customerb. all the stakeholdersc. only the contractor's chief financial officerd. only the subcontractors
Q:
The may include a high-level WBS in a graphic chart format or as an indentured list of the work elements and associated deliverables.a. statement of workb. project scope documentc. network diagramd. work breakdown structure
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are the products or outputs that the project team or contractor will produce and provide to the customer during and at the completion of the performance of the project.a. Contractsb. Acceptance criteriac. Deliverablesd. Responsibilities
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Q:
The project scope document is valuable for establishinga. a request for proposal for the project.b. a common understanding among project stakeholders regarding the scope of the project.c. the contact between the contractor and the customer.d. the risk management plan for the project.
Q:
The project objective must be clearly defined and agreed upon by thea. sponsor or customer and the project team or contractor that will perform the project.b. stakeholders for the project.c. project team and subcontractors.d. suppliers of materials to the project.
Q:
An activity, also referred to as a task, is a defined piece of work that consumes effort by people and not necessarily time.
a. True
b. False
Q:
A responsibility assignment matrix is used to designate the individuals responsible for accomplishing the work items in the work breakdown structure.
a. True
b. False
Q:
The work breakdown structure is the same thing as the project organization chart or structure.
a. True
b. False
Q:
All branches of the WBS have to be broken down to the same level.
a. True
b. False
Q:
The focus must be on relying on after-the-fact inspections or testing and then do the necessary work to correct quality problems.
a. True
b. False
Q:
It is essential to wait until the end of the project to check if the sponsor/customer requirements and expectations have been met regarding the quality of the project deliverables.
a. True
b. False
Q:
Planning for quality is a necessary, yet often forgotten or dismissed, function on a project.
a. True
b. False
Q:
At the beginning of the project it might not be possible to define all of the requirements, work elements, and deliverables at a detailed level.
a. True
b. False
Q:
A network diagram is a technique for organizing and subdividing all the project work and deliverables into more manageable components.
a. True
b. False