In Monitoring Project Time (Schedule) Performance, Actual Performance Should Be

question 27

Multiple Choice

In monitoring project time (schedule) performance, actual performance should be compared to

• A) budgets for the current year.
• B) top management's targets.
• C) project network schedule derived from the WBS / OBS.
• D) progress on similar past projects.
• E) previous status reports.

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Definitions:

Checks Written

Documents ordering a bank to pay a specific amount from the check writer's account to the person in whose name the check has been issued.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure accuracy and consistency.

Outstanding Checks

Checks that have been written and recorded in the paying entity's cash records but have not yet cleared the bank account.

NSF Check

A check that cannot be processed because the account on which it was drawn lacks sufficient funds, standing for Non-Sufficient Funds.