The Phases of Managing a Project Are Called

question 31

Multiple Choice

The phases of managing a project are called:

• A)project management life cycle.
• B)project management phase model.
• C)systems development life cycle.
• D)project life cycle.

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Definitions:

Predetermined

Established in advance or determined beforehand.

Lump-Sum Amounts

Single payments made for a group of items or services rather than individual transactions.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent and salaries.

Variable Costs

Expenses that fluctuate directly with changes in production or service levels.