Uncontrolled Changes to a Project Is Called

question 94

Multiple Choice

Uncontrolled changes to a project is called:

• A)cost creep
• B)project randomness
• C)scope creep
• D)transferring risk
• E)avoidance

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Definitions:

Selling Price

The amount for which a product or service is sold, not necessarily equal to the cost or intrinsic value of the item.

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation or amortization.

Intra-Entity Inventory Sales

Sales transactions of inventory between divisions or subsidiaries within the same parent company, not affecting consolidated financial results until sold externally.

Upstream

In the context of oil and gas, it refers to exploration and production activities; in supply chain management, it relates to the procurement of raw materials.