Allocating Total Project Costs for the Various Elements to the Appropriate

question 52

Multiple Choice

Allocating total project costs for the various elements to the appropriate work packages will establish

• A) the committed costs for the work package.
• B) the anticipated expense for the work package.
• C) how to apply resources to the work package.
• D) a total budgeted cost (TBC)for each work package.

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Definitions:

Total Quality Management (TQM)

A comprehensive management approach that focuses on continuous quality improvement of products and services by involving all members of an organization.

Principles

Fundamental truths, rules, or standards that form the basis for reasoning, behavior, or the belief system of an individual or organization.

Deming's 14 Points

A set of management practices proposed by W. Edwards Deming to improve effectiveness, productivity, and performance within an organization.

Transformation

A thorough or dramatic change in form or appearance.