The Key to Effective Project Control Is

question 72

Multiple Choice

The key to effective project control is

• A) assigning a specific resource to gather data from the project team.
• B) measuring actual progress and comparing it to planned progress.
• C) calculating the costs of the project.
• D) communicating with the project sponsor and the stakeholders for the project.

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Definitions:

Fiduciary Duty

An obligation to act in the best interest of another party, for instance, the duty a trustee has towards the beneficiaries of the trust.

Indorsee

The person to whom a negotiable instrument (like a check or promissory note) is endorsed or transferred.

Indorser

A person who signs a negotiable instrument, such as a check, over to another party, transferring ownership.

Qualified Indorsement

An endorsement on a negotiable instrument that limits the liability of the indorser or specifies conditions for the payment.