Defining the Necessary Activities Required to Organize the Initiation Team

question 30

Multiple Choice

Defining the necessary activities required to organize the initiation team while they are working to define the scope of the project is the focus of which of the following activities?

• A)establishing the project initiation team
• B)establishing management procedures
• C)establishing the project initiation plan
• D)establishing the project management environment and project workbook

---

Definitions:

Monthly Interest Rate

The percentage of a sum of money charged for its use per month, often used in reference to loans or credit balances.

Accounts Receivable Balance

The aggregate sum of funds that customers owe a company for products or services that have been provided but remain unpaid.

Operating Cycle

The duration of time from the purchase of inventory to the collection of receivables from sales, outlining how long it takes for a company to turn investments in inventory into cash.

Safety Stocks

Additional quantities of stock kept in inventory to reduce the risk of stockouts caused by variations in supply or demand.