The Key to Effective Project Control Is Measuring Actual Progress

question 4

Multiple Choice

The key to effective project control is measuring actual progress and comparing it to planned progress on a timely and regular basis and

• A) taking any needed corrective action immediately.
• B) leaving the project to self-correct.
• C) fast tracking all the activities in the project until the project is ahead of schedule.
• D) making sure the critical path doesn't change.

---

Definitions:

Output

The total amount of goods or services produced by a company, industry, or economy within a specified period.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied for a given period.

Variable Costs

Costs that vary directly with the level of production or service provision, such as materials and labor.

Output

The quantity of goods or services produced by a firm or industry.