Project Manager Bill Jones Has Determined That Task R Has

question 29

Multiple Choice

Project manager Bill Jones has determined that task R has a high variation between "best case" and "worst case" estimated durations.Task R is probably a good candidate for:

• A)Close monitoring and frequent status reporting.
• B)Buffering.
• C)Contingency planning.
• D)All of these.

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Definitions:

Raw Materials

Basic materials that are used in the production process to manufacture goods and are not yet processed or fabricated.

Work in Process

Goods that are in various stages of the production process but are not yet completed.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.

Job Order Cost System

An accounting system that accumulates costs for each individually customized job, useful in manufacturing or service settings where work is undertaken on a specific order basis.