The Most Effective Program Managers Tell Their Project Managers Exactly

question 77

True/False

The most effective program managers tell their project managers exactly what to do. The project manager should not allow functional managers to usurp his or her control of the project.

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Definitions:

Disbursements

The act of paying out or disbursing money, often related to the operational expenses of a business.

Interest Rate

The percent of principal charged by the lender for the use of its money or the return earned on an investment.

Net Float

The difference between checks written against a bank account and those that have been cleared, affecting the account's available balance.

Cheques

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.