If Actual Progress Falls Behind Planned Progress or Unexpected Events

question 71

Multiple Choice

If actual progress falls behind planned progress or unexpected events occur,

• A) the project team should be on alert for future needs to accelerate tasks.
• B) the project manager should take immediate action.
• C) the project should be allowed to self correct.
• D) other tasks will finish in less time than planned so the delay will balance.

Describe the process and benefits of onboarding.

Recognize the importance of cultural values and diversity in training.

Understand and apply the concept of internal rate of return (IRR) for investment decision-making.

Calculate and interpret the net present value (NPV) of a capital budgeting project, incorporating factors such as cash inflows and outflows, salvage value, and working capital.

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Definitions:

Appropriated

The act of setting aside funds for a specific purpose or the act of taking something for one's own use, often without permission.

ADR

Alternative Dispute Resolution; a range of processes such as mediation and arbitration that resolve disputes outside of the court system.

Subcontractors

These are third-party businesses or individuals hired by a primary contractor to perform specific tasks as part of a larger project, operating under a separate contract.

Disputes

Conflicts or disagreements between parties that may involve legal action to resolve.