How Does a Tracking Gantt Chart's Appearance Differ from a Standard

question 82

Multiple Choice

How does a tracking Gantt chart's appearance differ from a standard Gantt chart?

• A)The tracking Gantt chart has a plot against time on the X1 axis and shows progress against budget on the X2 axis.
• B)The tracking Gantt chart is composed of dollar signs that show the relative expense of the activity in comparison with other activities.
• C)Each bar in the tracking Gantt chart shows who is responsible for completion of the activity in question.
• D)Each bar in the tracking Gantt chart varies from 100% solid if the activity is completed to 100% alternative pattern if the activity has not begun.

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, and therefore should not influence future business decisions.

Opportunity Costs

The cost of the next best alternative that is foregone when a decision is made.

Unitising Costs

The process of breaking down costs into smaller, individual pieces or units to better analyze and manage them.

Quantitative Information

Data or information that can be measured and expressed numerically, facilitating objective analysis and decision-making.