What is the main goal of project cost management? a. to complete a project for as little

Question:

What is the main goal of project cost management?

a. to complete a project for as little cost as possible

b. to complete a project within an approved budget

c. to provide truthful and accurate cost information on projects

d. to ensure that an organization's money is used wisely

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Information Technology Project Management

ISBN: 9781285452340

8th Edition

Authors: Kathy Schwalbe

See More Books

Question Posted: Feb 22, 2024 02:00 AM

See More Questions

Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
MUST BE CORRECT ANSWERS A small software company has the following simplified cashflow, funded by shareholders' equity of 20,000 and a bank overdraft of 5000: Invoiced money received 2 months after...
Svetlana (45) and Petro (43) are both employed and each have their own group benefit plan that provides family coverage. Svetlana's birthday is in June and Petro's is in December. The couple has one...
In Exercises 1-2, find the zeros of the expression. 1. x2 - 3x - 18 2. 9x3 - 25x2
Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its...
3. Repeat Problem 1, only assume that r = 0.08 and = 0. Will early exercise ever occur? Why?
CoastCo Insurance, Inc., is interested in forecasting annual larceny thefts in the United States using the following data: a. Prepare a time-series plot of these data. On the basis of this graph, do...
Rod and Dall are partners in Sheridan LLP. The partnership reports profit of $64,500. There is no partnership agreement. Prepare the entry to distribute the profit between the partners. (Credit...
Which of the following is not an output of the project cost management process called estimating costs, according to the PMBOK Guide? a. activity cost estimates b. a cost baseline c. basis of...
Accountants usually define _____ as a resource sacrificed or foregone to achieve a specific objective. a. money b. liability c. trade d. cost
Determine the moment of inertia of the area about the xaxis. y = 2 2 m
Repeat Exercise 15 in Chap. 3 to allow the user to enter temperatures for any number of cities using the best iteration structure. Data From Exercise 15 The dew point temperature is a good indicator...
Two stacks of positive integers are needed, one containing elements with values less than or equal to 1,000 and the other containing elements with values larger than 1,000. The total number of...
Compare Figures 1-2 and 1-12. How do they differ? How are they similar? Explain how Figure 1-12 conveys the idea of speed in development. Figures 1-2 Figures 1-12 Maintenance Planning Implementation...
With a neat sketch explain the working of pressure-velocity compounding of impulse steam turbine.
The adjusted trial balance for Barry Moving Service as of December 31 is as follows: Required a. Prepare the closing entries at December 31 directly to Retained Earnings in general journal form. b....
Which bond do you expect to be more polaran OH bond or an NH bond?
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
Discuss the importance of following a well-integrated change control process on IT projects. What consequences can result from not following these best practices? What types of change control would...
Start a lessons learned register to document knowledge learned on this project. Include la lessons learned ID, date, source, category, description, impact, recommendations, and proposed actions. Be...
Either from your own experience or by searching the Internet, describe a well-planned and executed project. Describe a failed project. What elements of project integration might have contributed to...
4. The risk-free rate of return is 3.78% and the market risk premium is 6.42%. What is the expected rate of return on a stock with a beta of 1.09?
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 50,000 shares (25% of total)...

What is the main goal of project cost management? a. to complete a project for as little

Question:

Step by Step Answer:

b to comp...View the full answer

Information Technology Project Management

Students also viewed these Business questions