Formally Documented Procedures That Define How Project Deliverables and Documentation

question 34

Multiple Choice

Formally documented procedures that define how project deliverables and documentation will be controlled,changed and approved are collectively known by which of the following terms?

• A) scope creep
• B) a change control system
• C) a configuration management plan
• D) a scope management plan

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Definitions:

Cost of Goods Sold

This is the direct costs attributable to the production of the goods sold in a company.

Perpetual Inventory System

An inventory management system where records of inventory quantities are updated on a continuous basis as transactions occur.

Accounts Payable

The amount of money a company owes creditors (suppliers, etc.) in return for goods and services they have delivered.

Merchandise Inventory

The value of a company's current inventory of goods available for sale.