During Project Execution, It Is Not Uncommon for a Project

question 47

True/False

During project execution, it is not uncommon for a project manager and team to get overwhelmed with trying to get the product or service completed to meet time, cost, scope, and quality goals; often, time is not spent on other key processes, such as communication, risk management, change management, and seller management.

Distinguish between population and sample statistical measures.

Interpret the effect of new data on the mean calculation.

Recognize the formulas for computing statistical measures.

Understand the relationship between the average and other measures of central tendency.

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Definitions:

Operating Activities

Those activities most closely related to conducting the business for which the enterprise was established. Activities such as selling merchandise and services to customers and paying salaries and other expenses needed to continue earning the operating revenue are classified as operating activities.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period, indicating its ability to generate cash.

Managing Activities

The actions taken by an organization to plan, organize, direct, and control its operational, financial, and administrative tasks.

Financing Activities

Activities relating to raising money from investors and creditors such as the issuance of stocks and bonds and long-term notes; also, repurchase of outstanding stock and retiring bonds and notes as well as paying dividends.